by Global Lifestyle Properties

See Home Value
$640,000
● House - Off Market

5176 Palm Way N

Lake Worth, FL 33463
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,751 Ft²
$3,495
Est. Monthly
8.45%
Cap Rate

About This Property

Charming Key West-Style Home - Oversized Lot & No HOA!

Discover this rare 4-bedroom, 3-bath gem tucked away on an oversized tropical lot with no HOA, offering endless potential. Add a pool, extra garage, or your own private retreat-the space is yours to create.

Enjoy stainless steel appliances, a cozy fireplace, and balconies on both the front and back, plus a covered patio perfect for outdoor living. The upstairs features a versatile suite that can serve as a primary bedroom, in-law space, or rental, complete with a mini fridge, sink, large en suite bath, and walk-in closet.

A-rated schools, holiday parades, and just minutes from the beach, highways, and entertainment, this home offers both comfort and convenience. "Enjoy peace of mind with a newer roof installed in 2016, offering long-lasting protection and lower insurance premiums."

With luxury developments nearby, you'll gain equity fast. Whether you're an investor or a growing family, this is a rare opportunity you won't want to miss.

Hidden gems like this don't last schedule your tour today! Must See!
Unit Size
2,751 Ft²
Days on Market
123 days
Land Size
0.61 acres
Price per sqft
$236
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1991

Payment Calculator

Cap Rate Calculator

Last updated: 3 months ago (Beaches MLS #R11102865)

Price History

Date / Event Date Event Price
Nov 26, 2025 Sold
Sold
Oct 1, 2025 In contract -
In contract
Sep 13, 2025 Price Decreased $649,000
↓ $30K (4.4%)
Price Decreased
Aug 26, 2025 Price Decreased $679,000
↓ $10K (1.5%)
Price Decreased
Aug 2, 2025 Price Decreased $689,000
↓ $10K (1.4%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,711
  • Lot Size Depth Feet: 3,340
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,358
  • Gross Building Area: 3,358
  • Building Area: 2,751
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,751
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BILTMORE TERRACE FIRST ADD
  • Land Acres: 0000000613
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: BILTMORE TERRACE FIRST ADD UNREC~ LT 116

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 005918

Zoning

  • Zoning: AR

Geography

  • Assessors Map Reference: 286
  • Parcel: 00-42-45-11-01-000-1160
  • Lot: 116
  • Meridian: SEC 11 TWN 45S RNG 42E
  • Municipality: UNINCORPORATED
  • Latitude: 26.5613
  • Longitude: -80.1258

    Address

  • Full Address: 5176 Palm Way
  • Address - House Number: 5176
  • Address - Street Name: Palm
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Lake Worth
  • Carrier Code: R002
  • 4-Digit Zip Code: 8002
  • Zip Code: 33463

Valuation

    Tax

  • Total Area: 2,868
  • Tax Year: 2023
  • Tax Amount: $369,770
  • Tax Rate Code Area: 203

    Appraisal Valuation

  • Standard Deviation: 0.1351
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 84
  • Final Value: 665,393
  • High Value: 755,289
  • Low Value: 575,496

    Market Valuation

  • Market Total Value: $480,761
  • Market Land Value: $227,375
  • Market Improvement Value: $253,386

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $244,090

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Biltmore Terrace


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Nearby Rentals

Unit for rent at 7167 Ivy Crossing Lane, Boynton Beach, FL, 33436

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,655 ft²
7167 Ivy Crossing Lane, Boynton Beach, FL, 33436 Listing by Rachel Cruz


Frequently Asked Questions

When was property at 5176 Palm Way built and last sold?
The property at 5176 Palm Way was built in 1991 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5176 Palm Way is $695,182.
What are some comparable homes to 5176 Palm Way?
There are currently no comparable homes to 5176 Palm Way.