Discover the perfect blend of space and comfort in this 3-bedroom, 2.5-bathroom home, nestled in the highly desirable non-HOA community of Biltmore Terrace in Lake Worth. A charming French door entry welcomes you into a bright and airy living space, where cathedral ceilings and windows create an inviting atmosphere. The open living and dining areas seamlessly flow to the screened patio through sliding glass doors, providing the ideal setting for indoor-outdoor living. A thoughtfully designed kitchen boasts oversized windows, a breakfast area with patio access, and ample storage, while a separate family room offers additional space for relaxation or entertaining. The main bedroom serves as a peaceful retreat, complete with a spacious walk-in closet and an ensuite bathroom featuring a separate tub and shower. All additional bedrooms are generously sized, carpeted, and equipped with ample closet space. A conveniently located guest bathroom and a laundry closet add to the home's functionality. The garage is an oversized two-car width, providing ample space, and also includes a dedicated workshop area, ensuring convenience for every homeowner.
Step outside to enjoy the expansive fenced backyard, offering endless possibilities for outdoor enjoyment. Whether you're envisioning a garden, play area, or future pool, this space is ready to be transformed to fit your lifestyle. Ideally located just minutes from top-rated shopping, dining, and entertainment, this home delivers both tranquility and accessibility. Don't miss out on this incredible opportunity to own in Biltmore Terrace!
Sold for $570,000
$570,000
5116 Palm Way, Lake Worth, FL 33463
3beds
2,015sqft
Single Family Residence
Built in 1988
0.61 Acres Lot
$724,800 Zestimate®
$283/sqft
$3,569 Estimated rent
Home value
$724,800
$667,000 - $790,000
$3,569/mo
Zestimate® history
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$3,857/mo
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$3,857/mo
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Zillow last checked:
Listing updated:
Listed by:
Jeffrey L Tricoli PA 561-220-6006,
KW Reserve Palm Beach,
Hilda Tricoli 561-220-6006,
KW Reserve Palm Beach
Bought with:
Andrea Lee Spandau, 3424089
Keller Williams Realty Boca Raton
Source: BeachesMLS,MLS#: R11073565
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 182
- Dimensions: 14 X 13
Bedroom 2
- Level: Main
- Area: 110
- Dimensions: 11 X 10
Bedroom 3
- Level: Main
- Area: 132
- Dimensions: 12 X 11
Bedroom 4
- Level: Main
- Area: 110
- Dimensions: 11 X 10
Dining room
- Level: Main
- Area: 143
- Dimensions: 11 X 13
Kitchen
- Level: Main
- Area: 168
- Dimensions: 14 X 12
Living room
- Level: Main
- Area: 252
- Dimensions: 18 X 14
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Water Heater, Washer
- Laundry: Inside, Laundry Closet
Features
- Bathtub, Cathedral Ceiling(s), Dining Area, Separate/Formal Dining Room, Soaking Tub, Separate Shower, Upper Level Primary, Vaulted Ceiling(s), Bar, Walk-In Closet(s)
- Flooring: Carpet, Ceramic Tile
- Doors: French Doors
- Windows: Blinds, Drapes, Sliding
Interior area
- Total structure area: 2,947
- Total interior livable area: 2,015 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Circular Driveway, Garage, Garage Door Opener, Open
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Entry location: Entry Level Living Area Y
- Patio & porch: Patio, Screened
- Exterior features: Outdoor Living Area
- Fencing: Fenced
- Has view: Yes
- View description: Garden
- Waterfront features: None
Lot
- Size: 0.61 Acres
- Dimensions: 0.6076
Details
- Parcel number: 00424511010001200
- Zoning: AR
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
- Roof: Composition,Shingle
Condition
- Resale
- New construction: No
- Year built: 1988
Utilities & green energy
- Electric: 3 Phase
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Water Available
Community & HOA
Community
- Features: Sidewalks
- Security: Security System Owned
- Subdivision: BILTMORE TERRACE
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Lake Worth
Financial & listing details
- Price per square foot: $283/sqft
- Tax assessed value: $515,009
- Annual tax amount: $7,870
- Date on market: 3/20/2025
- Cumulative days on market: 56 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2025 | Sold | $570,000-5%$283/sqft |
Source:  BeachesMLS #R11073565 Report a problem | ||
| 4/17/2025 | Price change | $599,900-4%$298/sqft |
Source: BeachesMLS #RX-11073565 Report a problem | ||
| 4/4/2025 | Price change | $625,000-1.6%$310/sqft |
Source: BeachesMLS #RX-11073565 Report a problem | ||
| 3/20/2025 | Listed for sale | $635,000$315/sqft |
Source: BeachesMLS #RX-11073565 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,352 +6.1% | $466,151 +10% |
| 2024 | $7,870 +11.4% | $423,774 +10% |
| 2023 | $7,062 +4.3% | $385,249 +10% |
| 2022 | $6,770 +9.1% | $350,226 +10% |
| 2021 | $6,208 -0.1% | $318,387 +3.1% |
| 2020 | $6,217 +5.9% | $308,723 +10% |
| 2019 | $5,869 | $280,657 -8.5% |
| 2018 | $5,869 +7.5% | $306,676 +1.3% |
| 2017 | $5,457 +4.2% | $302,781 +43.6% |
| 2016 | $5,236 +9% | $210,862 +10% |
| 2015 | $4,806 +20.3% | $191,693 +10% |
| 2014 | $3,996 +8.7% | $174,266 +10% |
| 2013 | $3,677 -7.2% | $158,424 -7.5% |
| 2012 | $3,963 -1.8% | $171,182 +0.1% |
| 2011 | $4,034 -9% | $171,028 -10.1% |
| 2010 | $4,433 +2.7% | $190,204 -9.5% |
| 2009 | $4,319 -24.5% | $210,063 -40.1% |
| 2008 | $5,722 +0.3% | $350,573 +3% |
| 2007 | $5,706 -5.5% | $340,362 +2.5% |
| 2006 | $6,041 | $332,060 +22.9% |
| 2005 | -- | $270,290 +33% |
| 2004 | $2,109 +277.4% | $203,295 +13.8% |
| 2003 | $559 -73.4% | $178,574 +47.9% |
| 2002 | $2,101 +0.8% | $120,760 +1.6% |
| 2001 | $2,086 +4.8% | $118,858 +3% |
| 2000 | $1,990 +16.7% | $115,396 -6.7% |
| 1999 | $1,705 | $123,619 |
Find assessor info on the county website
Neighborhood: 33463
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Nearby schools
GreatSchools rating
- 9/10Hidden Oaks Elementary SchoolGrades: PK-8Distance: 0.5 mi
- 6/10Park Vista Community High SchoolGrades: 9-12Distance: 1.2 mi
- 9/10Christa Mcauliffe Middle SchoolGrades: 6-8Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Hidden Oaks K-8
- Middle: Christa McAuliffe
- High: Park Vista
Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$724,800
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Estimated market value
$724,800
- Florida
- Palm Beach County
- Lake Worth Beach
- 33463
- 5116 Palm Way
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