586 N Redwood Dr · Lake Park, FL 33403

$388,000

3 bd · 2.0 ba · 1,528 sqft · SingleFamily public records · 7 Days on market

Built 1970 7,995 sqft lot Est $538k · 28% under

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Why this score? — see what drove the B 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 +26.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.9/10.0
• 1% rule +6.8/10.0
• Schools +4.3/10.0
• Rent growth +4.0/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great home in quaint Lake Park. Three bedroom two bath one car garage. Ready for an owner to move right in. Remodeled kitchen, tile floors throughout, nice screened in porch, tank less water heater, well sprinkler system, hurricane shutters, generator backfeed. A must see..

Key facts

• Room for a pool
• No hoa
• 7,995 sq ft lot

Tags

• PRIVATE FULLY FENCED BACKYARD
• NO HOA
• MINUTES FROM THE BEACH
• HIGHLY DESIRABLE ZIP CODE
• ROOM FOR A POOL

Property features AI

Finance

• Other: Pets allowed with no restrictions

Exterior

• Parking: Attached 1-car garage; 1 covered parking space
• Security: Security system
• Utilities: Public water; Public sewer; Electricity available; Cable available
• Home design: Single family residence; 1 story; Resale property
• Construction: CBS construction; Composition/shingle roof; Built as single-story (building area 1,853; living area 1,528)
• Exterior features: Screened porch; Porch; Fenced yard; Lot with room for a pool; Faces east

Interior

• Kitchen: Disposal; Dishwasher; Microwave; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closets; Bedroom layout: stacked

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $388k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $388k).

Location & tenants

• Location reads 67/100 on livability (#542 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A-; Watch: crime F, amenities F, commute 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: Howell L. Watkins Middle School (math 18% / reading 33%, grade F, #512 of 571 statewide, top 90%, 794 students, 76% FRL); Palm Beach Gardens High School (math 19% / reading 40%, grade F, #447 of 667 statewide, top 68%, 2,570 students, 61% FRL) — zoned schools average 69% FRL vs 52% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 50% district-wide (-22 pts) — the specific schools serving this property underperform the Palm Beach average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+6.0%/yr); 134 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• At $4,564/mo this rent would consume 78% of the median local household income ($71k/yr) (locally 903% 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 $3k of loan paydown is wiped out by about $12k 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.
• At projected returns (-3.0% appreciation + 6.0% rent growth), your $109k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $242k; list at $388k implies a 61% 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $388,000

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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.
6. 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.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.18% ✓
• Cap rate: 9.40%
• Cash-on-cash: 11.10%
• DSCR: 1.49
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $537,856
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
830 Seminole Blvd	0.35mi	3/2.5	1,700 (+11%)	14mo	$599,000	$352	51
304 Foresteria Dr	0.67mi	3/2.0	1,312 (-14%)	12mo	$410,000	$313	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.97% rent growth · sell at horizon

5-year hold

• IRR: 3.5%
• Equity multiple: 1.14×
• Total profit: $15,171
• Equity at exit: $57,852

10-year hold

• IRR: 15.6%
• Equity multiple: 2.44×
• Total profit: $156,929
• Equity at exit: $33,547

Cash invested: $108,640 (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 33403

• Home prices YoY: -19.6%
• Rents YoY: 6.0%
• Active inventory: 134
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $4,564 high
• Mortgage (P&I): −$2,035
• Tax from tax record: −$405 /mo · $4,857/yr
• Insurance: −$162
• HOA: −$0
• Vacancy / Maint / Mgmt: −$958
• Net cashflow: $1,005

Break-even live

Break-even rent $3,293

Max offer price $388,000

Occupancy floor 73%

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: $97,000
• Closing costs: $11,640
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
308 Southwind Ct Unit 8 North Palm Beach, FL	2.0	2.0	1100	$2,900	$2.64	24d	1	0.24mi
620 Southwind Cir Unit A North Palm Beach, FL	3.0	2.0	1697	$4,200	$2.47	24d	1	0.39mi
624 Southwind Cir Unit 3 North Palm Beach, FL	3.0	3.0	1316	$5,500	$4.18	24d	1	0.41mi
624 Southwind Cir Apt 4 North Palm Beach, FL	3.0	2.0	1134	$4,750	$4.19	24d	1	0.41mi
301 Hawthorne Dr West Palm Beach, FL	3.0	2.0	1402	$3,200	$2.28	24d	1	0.51mi
549 Fairwind Dr North Palm Beach, FL	3.0	2.0	1498	$5,000	$3.34	24d	1	0.56mi
517 Gulf Rd North Palm Beach, FL	3.0	2.0	1657	$5,500	$3.32	24d	1	0.64mi
855 Date Palm Dr West Palm Beach, FL	3.0	3.0	1216	$3,150	$2.59	24d	1	0.68mi
250 Foresteria Dr West Palm Beach, FL	4.0	3.0	2080	$11,500	$5.53	20d	1	0.71mi
2545 Conroy Dr West Palm Beach, FL	3.0	2.0	1066	$3,295	$3.09	24d	1	0.73mi
913 Lake Shore Dr Lake Park, FL	1.0–2.0	1.0–2.0	1066	$3,731	$3.50	2d	9	0.75mi
429 Inlet Rd North Palm Beach, FL	3.0	2.5	1452	$6,500	$4.48	24d	1	0.79mi
1155 Lake Shore Dr #202 West Palm Beach, FL	2.0	2.0	1206	$4,750	$3.94	24d	1	0.83mi
815 Silver Beach Rd Lake Park, FL	4.0	3.0	1480	$3,000	$2.03	24d	1	0.85mi
1060 Lake Shore Dr #201 West Palm Beach, FL	2.0	2.0	1206	$3,850	$3.19	18d	1	0.85mi
547 Marlin Rd North Palm Beach, FL	3.0	2.0	1880	$9,900	$5.27	24d	1	0.93mi
708 Westwind Dr North Palm Beach, FL	3.0	2.0	1761	$4,000	$2.27	24d	1	1.00mi
301 Lake Shore Dr #802 West Palm Beach, FL	2.0	2.0	1316	$3,000	$2.28	24d	1	1.01mi
220 Lake Shore Dr Unit 304 Lake Park, FL	2.0	2.5	1911	$11,500	$6.02	24d	1	1.03mi
220 Lake Shore Dr Lake Park, FL	1.0–3.0	1.5–3.5	1575	$25,000	$15.87	5d	18	1.04mi
733 Waterway Dr North Palm Beach, FL	2.0	2.0	1590	$11,500	$7.23	24d	1	1.08mi
712 Tradewind Dr North Palm Beach, FL	4.0	3.0	1616	$6,500	$4.02	24d	1	1.09mi
111 W 35th St Riviera Beach, FL	4.0	2.0	1600	$3,000	$1.88	11d	1	1.13mi
913 Lighthouse Dr North Palm Beach, FL	3.0	2.5	1092	$5,900	$5.40	24d	1	1.13mi
736 Prosperity Farms Rd North Palm Beach, FL	4.0	2.0	1556	$6,950	$4.47	24d	1	1.14mi
735 Tradewind Dr North Palm Beach, FL	4.0	2.0	1901	$6,700	$3.52	24d	1	1.14mi
908 Lighthouse Dr North Palm Beach, FL	3.0	2.0	1478	$4,250	$2.88	24d	1	1.15mi
1389 W 33rd St Riviera Beach, FL	4.0	3.0	1737	$3,000	$1.73	24d	1	1.28mi
520 W 28th St Riviera Beach, FL	3.0	1.0	1296	$6,000	$4.63	3d	1	1.36mi
756 Cinnamon Rd North Palm Beach, FL	4.0	2.0	1324	$6,600	$4.98	24d	1	1.36mi
732 Pelican Way North Palm Beach, FL	3.0	2.0	1728	$4,950	$2.86	24d	1	1.41mi
2539 Wabash Dr West Palm Beach, FL	3.0	2.5	1468	$5,500	$3.75	24d	1	1.41mi
1400 W 28th St Unit 1 Riviera Beach, FL	4.0	2.0	1100	$3,200	$2.91	24d	1	1.48mi

Listing history 14 events

1. 2026-05-19
   status Pending
2. 2026-05-12
   listed $388,000 Active
3. 2016-07-05
   soldstatus $241,500
4. 2016-06-30
   soldstatus $241,500 Closed 274-char remark

   Show marketing remark (274 chars)

   Great home in quaint Lake Park. Three bedroom two bath one car garage. Ready for an owner to move right in. Remodeled kitchen, tile floors throughout, nice screened in porch, tank less water heater, well sprinkler system, hurricane shutters, generator backfeed. A must see..

5. 2016-05-20
   status Pending 274-char remark

   Show marketing remark (274 chars)

   Great home in quaint Lake Park. Three bedroom two bath one car garage. Ready for an owner to move right in. Remodeled kitchen, tile floors throughout, nice screened in porch, tank less water heater, well sprinkler system, hurricane shutters, generator backfeed. A must see..

6. 2016-05-17
   listed $239,000 Active 274-char remark

   Show marketing remark (274 chars)

   Great home in quaint Lake Park. Three bedroom two bath one car garage. Ready for an owner to move right in. Remodeled kitchen, tile floors throughout, nice screened in porch, tank less water heater, well sprinkler system, hurricane shutters, generator backfeed. A must see..

7. 2005-10-11
   soldstatus $279,000 425-char remark

   Show marketing remark (425 chars)

   LOVELY WELL MAINTAINED HOME. TILED THROUGHOUT. SCREENED PATIO RECENTLY ADDED OVERLOOKING BEAUTIFUL PRIVACY FENCED BACKYARD. ROOF 1 YR OLD. AC NEWER INCLUDING ALL NEW DUCT WORK & VENTS. GAS RANGE, HOT WATER HEATER & DRYER. HURRICANE SHUTTERS FOR ALL WINDOWS & SLIDERS. SHED STAYS W/ HURRICANE TIE DOWNS. GARAGE AIR CONDITIONED. NEW DADE COUNTY APPROVED GARAGE DOOR. WALK IN CLOSETS IN 2ND & 3RD BEDROOM

8. 2005-10-11
   soldstatus $279,000

   Show marketing remark (425 chars)

   LOVELY WELL MAINTAINED HOME. TILED THROUGHOUT. SCREENED PATIO RECENTLY ADDED OVERLOOKING BEAUTIFUL PRIVACY FENCED BACKYARD. ROOF 1 YR OLD. AC NEWER INCLUDING ALL NEW DUCT WORK & VENTS. GAS RANGE, HOT WATER HEATER & DRYER. HURRICANE SHUTTERS FOR ALL WINDOWS & SLIDERS. SHED STAYS W/ HURRICANE TIE DOWNS. GARAGE AIR CONDITIONED. NEW DADE COUNTY APPROVED GARAGE DOOR. WALK IN CLOSETS IN 2ND & 3RD BEDROOM

9. 2005-09-04
   historical 425-char remark

   Show marketing remark (425 chars)

   LOVELY WELL MAINTAINED HOME. TILED THROUGHOUT. SCREENED PATIO RECENTLY ADDED OVERLOOKING BEAUTIFUL PRIVACY FENCED BACKYARD. ROOF 1 YR OLD. AC NEWER INCLUDING ALL NEW DUCT WORK & VENTS. GAS RANGE, HOT WATER HEATER & DRYER. HURRICANE SHUTTERS FOR ALL WINDOWS & SLIDERS. SHED STAYS W/ HURRICANE TIE DOWNS. GARAGE AIR CONDITIONED. NEW DADE COUNTY APPROVED GARAGE DOOR. WALK IN CLOSETS IN 2ND & 3RD BEDROOM

10. 2005-08-20
    listed $299,900 425-char remark

    Show marketing remark (425 chars)

    LOVELY WELL MAINTAINED HOME. TILED THROUGHOUT. SCREENED PATIO RECENTLY ADDED OVERLOOKING BEAUTIFUL PRIVACY FENCED BACKYARD. ROOF 1 YR OLD. AC NEWER INCLUDING ALL NEW DUCT WORK & VENTS. GAS RANGE, HOT WATER HEATER & DRYER. HURRICANE SHUTTERS FOR ALL WINDOWS & SLIDERS. SHED STAYS W/ HURRICANE TIE DOWNS. GARAGE AIR CONDITIONED. NEW DADE COUNTY APPROVED GARAGE DOOR. WALK IN CLOSETS IN 2ND & 3RD BEDROOM

11. 1992-03-05
    soldstatus $86,000
12. 1989-08-18
    soldstatus $75,000
13. 1989-04-11
    soldstatus $75,000
14. 1989-03-20
    soldstatus $75,000

ⓘ 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: $4,857 · $405/mo
• Projected year-2 tax: $4,857 · $405/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 · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $54,769
• − Mortgage interest: −$21,734
• − Property taxes: −$4,857
• − Insurance: −$1,940
• − Repairs & maintenance: −$4,382
• − Management: −$4,382
• − Depreciation: −$11,287
• Taxable income: $6,188
• Est. tax owed @ 24.0%: −$1,485
• After-tax cash flow: $10,569/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 — Lake Park

• Score: 67/100
• State rank: #542
• US rank: #10167

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Park, FL
• County: Palm Beach County · 1,438,312 people
• City population: 14,370
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 14,370
• Household income: $70,646
• Rent vs Own: 52.8% rent · 47.2% own
• Severe rent burden: 903.0

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: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Black 46% White 31% Hispanic / Latino 17% Two or more races 12% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 5%
• Common ancestry: Hispanic 15% Italian 2% Romanian 1%
• Foreign-born: 26% · Canada, China, Jamaica
• Languages at home: 69% English-only · French/Haitian/Cajun 17% Spanish 12% Chinese 1%

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: ▼ -112.30%
• Current HPI: 461.4045
• Rent YoY: ▲ 5.97%
• 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

+417.3% since first listed

14 events — show timeline

• 2026-05-19 Pending — Beaches MLS
• 2026-05-12 Listed $388,000 Beaches MLS
• 2016-07-05 Sold (Public Records) $241,500 Public Records
• 2016-06-30 Sold (MLS) $241,500 Beaches MLS
• 2016-05-20 Pending — Beaches MLS
• 2016-05-17 Listed $239,000 Beaches MLS
• 2005-10-11 Sold (Public Records) $279,000 Public Records
• 2005-10-11 Sold (MLS) $279,000 Beaches MLS
• 2005-09-04 Listing Removed — Beaches MLS
• 2005-08-20 Listed $299,900 Beaches MLS
• 1992-03-05 Sold (Public Records) $86,000 Public Records
• 1989-08-18 Sold (Public Records) $75,000 Public Records
• 1989-04-11 Sold (Public Records) $75,000 Public Records
• 1989-03-20 Sold (Public Records) $75,000 Public Records

Property tax history

+7.1%/yr

Latest (2025): $4,857 · +5.3% YoY. Source: county tax records.