When was property at 551 Teak Drive built and last sold?

The property at 551 Teak Drive was built in 1971 and last sold on Feb 19, 2020 for $304,500.

How much is this home worth?

The estimated value of the home located at 551 Teak Drive is $308,058.

What are some comparable homes to 551 Teak Drive?

There are currently no comparable homes to 551 Teak Drive.

Lake Park

33408

Lake Park

551 Teak Drive

Sold on Feb 19, 2020

Map

$304,500

● House - Off Market

551 Teak Drive

Lake Park, FL 33403

3 Beds

2 Baths

1,508 Ft²

$451,857

RealtyHop Estimate

44.36%

Since Mar 1, 2020

National-US

Primary Model

About This Property

Move in condition totally updated rancher, renovations that include New Roof & Hurricane impact windows throughout, all exterior doors have been updated, recently enclosed carport with French door that could use as playroom or man cave, also the porch as been enclosed to great family room, 3 yr newer a/c, updated kitchen, bathrooms, flooring, high energy attic insulation installed to R-38, freshly painting. The totally fenced in back yard is a gardener's dream with old plantings, fruit trees and still plenty of room for a pool. Great value, location and Old Florida community visit to the Town of Lake Park is all it takes to understand why it's been called ''The Jewel of the Palm Beaches'' lush landscaping throughout the Town, sails flapping in the breeze at the Marina, service just minutes away an desirable quality of life. Which was the envisioned by Town founders in 1923. Less than 15 minutes to the beach or The Garden Mall at PBG and minutes to Publix supermarket, Home depot and amazing restaurants.

Unit Size

1,508 Ft²

Days on Market

74 days

Land Size

0.19 acres

Price per sqft

$208

Property Type

House

Property Taxes

$256

HOA Dues

Year Built

1971

Payment Calculator

Cap Rate Calculator

Last updated: 5 months ago (Beaches MLS #R10583752)

Price History

Date / Event	Date	Event
Feb 27, 2020	Sold	Premium
Sold
Dec 7, 2019	Listed by KW Reserve Palm Beach	$313,000
Listed by KW Reserve Palm Beach
Feb 4, 2015	Sold	Premium
Sold
Dec 24, 2014	Listed by KW Reserve Palm Beach	$174,500
Listed by KW Reserve Palm Beach

Property Highlights

Parking Available

Air Conditioning

Building Info

Overview

General

Year Built: 1971

Effective Year Built: 2009
Building Count: 1
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 7
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 7
Roof Cover Type: 15
Floor Count: 100
Living Units: 1
Floor Cover: 13
Basement Type: 0
Basement Area: 0
Garage Type: 3
Garage Square Area: 220
Parking Space Count: 1
Patio Type: 92
Porch Type: 59
Pool Type: 0

Dimensions

Lot Size Square Feet: 8,172

Lot Size Depth Feet: 110
Lot Size Frontage Feet: 750
Total Building Area: 1,728
Gross Building Area: 1,728
Building Area: 1,408
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 1,408
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: LAKE PARK ADD NO 3
Land Acres: 0000000188
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: LAKE PARK ADD NO 3 LOT 5 BLK 133

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 001101

Zoning

Zoning: R1

Geography

Assessors Map Reference: 88

Parcel: 36-43-42-21-03-133-0050
Block: 133
Lot: 5
Meridian: SEC 21 TWN 42S RNG 43E
Municipality: LAKE PARK
Latitude: 26.8065
Longitude: -80.0639

Address

Full Address: 551 Teak Dr

Address - House Number: 551
Address - Street Name: Teak
Address - Suffix Type: Dr
State: FL
City Name: West Palm Beach
Carrier Code: C012
4-Digit Zip Code: 2225
Zip Code: 33403

Valuation

Tax

Total Area: 1,514

Tax Year: 2022
Tax Amount: $700,067
Tax Rate Code Area: 36501

Appraisal Valuation

Standard Deviation: 0.2151

Valuation Date: Jan 03, 2024
Confidence Score: 70
Final Value: 524,413
High Value: 637,253
Low Value: 411,572

Market Valuation

Market Total Value: $343,853

Market Land Value: $107,250
Market Improvement Value: $236,603

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $275,359

Sales

Current Sale Contract Date: Feb 19, 2020

Current Sale Recording Date: Feb 27, 2020
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 20200076199
Previous Sale Recording Date: Feb 04, 2015
Previous Sale Contract Date: Jan 30, 2015
Previous Sale Amount: $174,000
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Lake Park

Stats & Trends

Median Asking:

$376,500

Sale Price/ft²

$243

Below Asking

0.02%

Average Days on Market

Average Home Size

838 ft²

Average Home Age

59 years

Currently For Sale

9 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

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2 Baths
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Unit for rent at 4000 N Ocean Drive, Singer Island, FL, 33404

$7,500 /mo

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2 Baths
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4000 N Ocean Drive #2004, Singer Island, FL, 33404 Listing by Mariela Maria Jesus Vega-Herklotz

Unit for rent at 1210 Sugar Sands Boulevard, West Palm Beach, FL, 33404

$6,000 /mo

3 Beds
2 Baths
1,490 ft²

1210 Sugar Sands Boulevard #243, West Palm Beach, FL, 33404 Listing by Dawn Sacco Paskalides

Rentals Near You

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Listed by: Guillermo J Diaz
KW Reserve Palm Beach
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10583752

All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.