2729 Anzio Ct #203 · Palm Beach Gardens, FL 33410

$339,000

3 bd · 2.0 ba · 1,316 sqft · Condo public records · 101 Days on market

Built 2005 $709/mo HOA · 19% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.5/30.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Schools +4.3/10.0
• DSCR +3.7/10.0
• Livability +3.5/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see this exceptional second floor condo with a double lake view. San Matera is a highly desirable gated community in the heart of Palm Beach Gardens. Enjoy Resort Style Living at it's Best! This Condo is perfect for a vacation home or year round living. Enjoy access to a resort-style community pool with Jacuzzi, sundecks, tennis courts, racquetball court, a fabulous clubhouse, gym, and billiard room perfect for relaxing. The Club at San Matera offers a media center/business center and high-speed Internet access from your own residence. The manager is on site and the buildings are in the process of being painted. This Outstanding Community is close to Shopping, The Gardens Mall, Downtown at the Gardens, I 95, Great Golfing, the most beautiful beach. .. (see supplement for full remarks)

Key facts

• Split floorplan
• $709 HOA
• Community pool

Tags

• LAKEFRONT SCREENED LANAI
• SPLIT FLOORPLAN
• MAGNIFICENT LAKE VIEW
• PRIVATE PARKING SPOTS
• RENOVATED TENNIS COURTS
• RENOVATED PICKLEBALL COURTS

Property features AI

Finance

• HOA & community: Monthly association fee; Association amenities: clubhouse, fitness center, pool, sauna, tennis courts, pickleball courts, billiard room, community room, playground, jogging path, manager on site, sidewalks, parking; Association fee includes insurance, grounds maintenance, and recreation facilities; Pets allowed with restrictions and possible limits

Exterior

• Parking: Community parking available
• Security: Gated community (no guard)
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Condominium; Resale property; Entry-level living area; North-facing; 3-story building
• Construction: Built with CBS construction; Barrel roof
• Exterior features: Covered patio; Screened patio; Patio; Sidewalks; Waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Garbage disposal; Electric water heater
• Bedrooms: 3 bedrooms (main level)
• Flooring: Ceramic tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Walk-in closets; Split bedroom layout; Closet cabinetry; Blinds on windows
• Laundry & utility: Laundry closet with washer hookup (inside)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $339k.

Deal economics

• At list price, monthly cash flow is $-51 ($-608/yr) — negative.
• To cash-flow at today's rent, offer at most $330k (2.6% below list).
• Meets the 1% rule at list price ($4k rent vs $339k).
• Recommended offer: $308k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#464 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Palm Beach (suburban): math 46% / reading 53% proficiency, ranked #34 of 73 in FL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Dwight D. Eisenhower Elementary School (math 52% / reading 52%, grade C-, #990 of 2,144 statewide, top 48%, 432 students, 56% FRL); Howell L. Watkins Middle School (math 18% / reading 33%, grade F, #512 of 571 statewide, top 90%, 794 students, 76% FRL); William T. Dwyer High School (math 36% / reading 58%, grade D-, #207 of 667 statewide, top 32%, 2,206 students, 37% FRL) — zoned schools at 57% FRL track the district average.
• Market conditions: Rents rising (+2.5%/yr); 309 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• At $3,742/mo this rent would consume 47% of the median local household income ($95k/yr) (locally 1429% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y ago; this cycle's ask is 855% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $110k; list at $339k implies a 210% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $308,490 (9.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
10. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
11. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
12. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
13. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
14. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.10% ✓
• Cap rate: 6.11%
• Cash-on-cash: -0.64%
• DSCR: 0.97
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.49% rent growth · sell at horizon

5-year hold

• IRR: -17.9%
• Equity multiple: 0.37×
• Total profit: $-59,606
• Equity at exit: $50,546

10-year hold

• IRR: -11.1%
• Equity multiple: 0.35×
• Total profit: $-61,931
• Equity at exit: $29,311

Cash invested: $94,920 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33410

• Rents YoY: 2.5%
• Active inventory: 309
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $3,742 high
• Mortgage (P&I): −$1,778
• Tax from tax record: −$378 /mo · $4,542/yr
• Insurance: −$141
• HOA: −$709
• Vacancy / Maint / Mgmt: −$786
• Net cashflow: $-51

Break-even live

Break-even rent $3,806

Max offer price $330,050

Occupancy floor 96%

Sensitivity live

Price	-10% $141	-5% $45	+0% $-51	+5% $-147	+10% $-243
Rent	-10% $-346	-5% $-198	+0% $-51	+5% $97	+10% $245
Rate	-1.0pp $120	-0.5pp $36	base $-51	+0.5pp $-139	+1.0pp $-228

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $84,750
• Closing costs: $10,170
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2813 Grande Pkwy #109 Palm Beach Gardens, FL	3.0	2.0	1278	$2,818	$2.21	26d	1	0.17mi
2805 Veronia Dr Palm Beach Gardens, FL	3.0	2.0	1361	$3,000	$2.20	26d	1	0.17mi
2727 Anzio Ct #106 Palm Beach Gardens, FL	3.0	2.0	1316	$3,000	$2.28	26d	1	0.18mi
2802 Sarento Pl #204 Palm Beach Gardens, FL	2.0	2.0	1092	$3,500	$3.21	26d	1	0.19mi
2916 Tuscany Ct Palm Beach Gardens, FL	3.0	2.0	1278	$2,818	$2.21	26d	1	0.33mi
2916 Tuscany Ct #201 Palm Beach Gardens, FL	2.0	2.0	1149	$3,200	$2.79	5d	1	0.33mi
2388 S Wallen Dr West Palm Beach, FL	3.0	2.0	1296	$4,500	$3.47	26d	1	0.35mi
2395 Idlewild Rd Palm Beach Gardens, FL	3.0	2.0	1476	$4,500	$3.05	23d	1	0.36mi
3252 Florida Blvd Unit 1326857P Palm Beach Gardens, FL	4.0	3.0	1593	$6,903	$4.33	0d	1	0.62mi
3270 Grove Rd Unit 1326860P Palm Beach Gardens, FL	3.0	2.0	1496	$5,492	$3.67	0d	1	0.65mi
2396 Easy St Unit A Palm Beach Gardens, FL	2.0	1.0	948	$3,500	$3.69	26d	1	0.65mi
12015 Colony Ave Palm Beach Gardens, FL	3.0	2.0	1104	$3,100	$2.81	23d	1	0.81mi
12015 Colony Ave Palm Beach Gardens, FL	3.0	2.0	1104	$3,100	$2.81	26d	1	0.81mi
3610 Gardens Pkwy Unit 402A Palm Beach Gardens, FL	2.0	2.5	1831	$5,500	$3.00	26d	1	0.89mi
2100 PGA Blvd Palm Beach Gardens, FL	1.0–2.0	1.0–2.0	983	$3,118	$3.17	0d	9	0.90mi
1827 Len Dr North Palm Beach, FL	2.0	1.0	1600	$5,500	$3.44	3d	1	0.91mi
1827 Len Dr North Palm Beach, FL	2.0	1.0	1600	$5,500	$3.44	3d	1	0.91mi
3630 Gardens Pkwy Unit 1104C Palm Beach Gardens, FL	2.0	2.5	1831	$5,250	$2.87	20d	1	0.92mi
3630 Gardens Pkwy Unit 1004C Palm Beach Gardens, FL	2.0	2.5	1831	$5,000	$2.73	26d	1	0.92mi
827 Oak Harbour Dr Juno Beach, FL	2.0	2.0	1301	$4,200	$3.23	26d	1	0.93mi
318 Oak Harbour Dr #318 Juno Beach, FL	2.0	2.0	1533	$4,000	$2.61	26d	1	0.93mi
49 Uno Lago Dr Juno Beach, FL	2.0	2.5	1494	$5,500	$3.68	26d	1	0.93mi
160 Lost Bridge Dr Palm Beach Gardens, FL	3.0	2.0	1826	$4,500	$2.46	16d	1	0.95mi
1869 Circle Dr North Palm Beach, FL	2.0	2.0	1216	$3,400	$2.80	14d	1	0.95mi
925 Bay Colony Dr S Juno Beach, FL	2.0	2.0	1590	$6,500	$4.09	26d	1	0.98mi
431 Bay Colony Dr N Juno Beach, FL	3.0	3.0	1859	$5,500	$2.96	26d	1	0.98mi
1718 Ridge Rd North Palm Beach, FL	2.0	2.0	900	$2,950	$3.28	26d	1	0.99mi
222 E Tall Oaks Cir Palm Beach Gardens, FL	3.0	2.0	1577	$5,000	$3.17	23d	1	1.00mi
300 Uno Lago Dr Juno Beach, FL	2.0–3.0	2.0	1319	$6,800	$5.16	4d	1	1.02mi
800 Uno Lago Dr #305 Juno Beach, FL	3.0	2.0	1446	$5,000	$3.46	26d	1	1.02mi
515 Bay Colony Dr N Juno Beach, FL	3.0	2.0	1509	$12,000	$7.95	7d	1	1.02mi
3640 Gull Rd Palm Beach Gardens, FL	3.0	2.0	1382	$2,975	$2.15	9d	1	1.03mi
444 Bay Colony Dr S Juno Beach, FL	3.0	2.5	1859	$6,500	$3.50	19d	1	1.04mi
3745 Atlantic Rd Unit 3745 Palm Beach Gardens, FL	4.0	2.0	1119	$2,900	$2.59	26d	1	1.04mi
11900 Valencia Gardens Ave Palm Beach Gardens, FL	1.0–3.0	1.0–2.0	980	$3,032	$3.09	0d	18	1.04mi
11021 Legacy Ln #303 Palm Beach Gardens, FL	2.0	2.0	1403	$2,950	$2.10	26d	1	1.07mi
11023 Legacy Ln #204 Palm Beach Gardens, FL	2.0	2.0	1309	$3,500	$2.67	26d	1	1.09mi
12155 US Highway 1 North Palm Beach, FL	1.0–3.0	1.0–2.0	1297	$4,781	$3.68	0d	23	1.09mi
11521 Landing Pl Unit E1 North Palm Beach, FL	2.0	2.0	1130	$7,000	$6.19	26d	1	1.12mi
700 Sanctuary Cove Dr West Palm Beach, FL	1.0–3.0	1.0–2.0	1120	$3,153	$2.82	0d	55	1.12mi

HOA detail condo

• Monthly dues: $709 · $8,508/yr
• Likely covers: internetpoolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 11 events

1. 2026-05-09
   status Pending
2. 2026-04-27
   historical Active Under Contract
3. 2026-04-09
   price $339,000
4. 2026-03-11
   price $347,000
5. 2026-01-28
   price $355,000
6. 2026-01-28
   listed $35,500 Active
7. 2012-01-05
   soldstatus $109,500 800-char remark

   Show marketing remark (800 chars)

   Come see this exceptional second floor condo with a double lake view. San Matera is a highly desirable gated community in the heart of Palm Beach Gardens. Enjoy Resort Style Living at it's Best! This Condo is perfect for a vacation home or year round living. Enjoy access to a resort-style community pool with Jacuzzi, sundecks, tennis courts, racquetball court, a fabulous clubhouse, gym, and billiard room perfect for relaxing. The Club at San Matera offers a media center/business center and high-speed Internet access from your own residence. The manager is on site and the buildings are in the process of being painted. This Outstanding Community is close to Shopping, The Gardens Mall, Downtown at the Gardens, I 95, Great Golfing, the most beautiful beach. .. (see supplement for full remarks)

8. 2011-12-19
   historical 800-char remark

   Show marketing remark (800 chars)

   Come see this exceptional second floor condo with a double lake view. San Matera is a highly desirable gated community in the heart of Palm Beach Gardens. Enjoy Resort Style Living at it's Best! This Condo is perfect for a vacation home or year round living. Enjoy access to a resort-style community pool with Jacuzzi, sundecks, tennis courts, racquetball court, a fabulous clubhouse, gym, and billiard room perfect for relaxing. The Club at San Matera offers a media center/business center and high-speed Internet access from your own residence. The manager is on site and the buildings are in the process of being painted. This Outstanding Community is close to Shopping, The Gardens Mall, Downtown at the Gardens, I 95, Great Golfing, the most beautiful beach. .. (see supplement for full remarks)

9. 2011-05-03
   listed $149,000 800-char remark

   Show marketing remark (800 chars)

   Come see this exceptional second floor condo with a double lake view. San Matera is a highly desirable gated community in the heart of Palm Beach Gardens. Enjoy Resort Style Living at it's Best! This Condo is perfect for a vacation home or year round living. Enjoy access to a resort-style community pool with Jacuzzi, sundecks, tennis courts, racquetball court, a fabulous clubhouse, gym, and billiard room perfect for relaxing. The Club at San Matera offers a media center/business center and high-speed Internet access from your own residence. The manager is on site and the buildings are in the process of being painted. This Outstanding Community is close to Shopping, The Gardens Mall, Downtown at the Gardens, I 95, Great Golfing, the most beautiful beach. .. (see supplement for full remarks)

10. 2010-05-31
    historical
11. 2006-04-04
    listed $259,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $4,542 · $378/mo
• Projected year-2 tax: $4,542 · $378/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,899
• − Mortgage interest: −$18,989
• − Property taxes: −$4,542
• − Insurance: −$1,695
• − Repairs & maintenance: −$3,592
• − Management: −$3,592
• − HOA: −$8,508
• − Depreciation: −$9,862
• Taxable loss: −$5,881
• Est. tax savings @ 24.0%: +$1,411
• After-tax cash flow: $803/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Palm Beach
• NCES district ID: 1201500
• Math proficiency: 46% ▼ -16.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $53,943
• Composite: 42.72/100
• National rank: #3160
• State rank: #34 of 73 in FL

Livability — Palm Beach Gardens

• Score: 69/100
• State rank: #464
• US rank: #8366

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing A+ Health & safety D- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Beach Gardens, FL
• County: Palm Beach County · 1,438,312 people
• City population: 96,294
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 36,759
• Household income: $94,530
• Rent vs Own: 27.7% rent · 72.3% own
• Severe rent burden: 1429.0

Population outlook (Palm Beach County) Hauer SSP2

• Today (2025): 1,637,487 people
• By 2030: 1,743,255 · +6.5%
• By 2040: 1,948,712 · +19.0%
• By 2050: 2,132,979 · +30.3%
• By 2075: 2,530,027 · +54.5%
• By 2100: 2,706,979 · +65.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 15% Two or more races 13% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 17% · Canada, Jamaica, Vietnam
• Languages at home: 78% English-only · Spanish 13% French/Haitian/Cajun 3% Other Indo-European 2%

Political lean MEDSL · Palm Beach

• 2024 margin: Toss-up / Even · D 50.0% · R 49.2%
• 2008→2024 swing: -22.1pp toward R · 2008: 22.9pp · 2024: 0.8pp
• All cycles: 2024: D+0.8 2020: D+12.8 2016: D+15.3 2012: D+17.0 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -346.12%
• Current HPI: 375.5381
• Rent YoY: ▲ 2.49%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+30.9% since first listed

11 events — show timeline

• 2026-05-09 Pending — Beaches MLS
• 2026-04-27 Contingent — Beaches MLS
• 2026-04-09 Price Changed $339,000 Beaches MLS
• 2026-03-11 Price Changed $347,000 Beaches MLS
• 2026-01-28 Price Changed $355,000 Beaches MLS
• 2026-01-28 Listed $35,500 Beaches MLS
• 2012-01-05 Sold (MLS) $109,500 Beaches MLS
• 2011-12-19 Listing Removed — Beaches MLS
• 2011-05-03 Listed $149,000 Beaches MLS
• 2010-05-31 Listing Removed — Beaches MLS
• 2006-04-04 Listed $259,000 Beaches MLS

Property tax history

+5.4%/yr

Latest (2025): $4,542 · +5.2% YoY. Source: county tax records.