11382 N 59th St N · The Acreage, FL 33411

$515,000

4 bd · 3.0 ba · 2,138 sqft · SingleFamily public records · 249 Days on market

Built 1984

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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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +6.9/30.0
• Schools +4.3/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +1.1/10.0

Listing remarks MLS

NOT SHORT SALE OR FORECLOSURE, QUICK RESPONSE, NEEDS SOME TLC TO MAKE IT A PERFECT HOME. MASTER BEDROOM ON THE FIRST FLOOR, LARGE FAMILY ROOM

Key facts

• Split floor plan
• Large lot
• Open layout

Tags

• LARGE LOT
• NO HOA
• SPLIT FLOOR PLAN
• VAULTED CEILINGS
• TILE FLOORING
• OPEN LAYOUT

Property features AI

Exterior

• Parking: 2-car garage; Driveway (unpaved); 2 covered parking spaces
• Utilities: Public water and well; Public sewer and septic tank
• Home design: Two-story residence; Resale property; First-floor entry
• Construction: Frame and stucco construction; Shingle roof
• Exterior features: Quarter- to half-acre lot; Faces north; Zoned AR

Interior

• Kitchen: Kitchen (details not specified)
• Bedrooms: Multiple bedrooms including Bedroom 2, Bedroom 3 and Bedroom 4
• Flooring: Hardwood; Tile; Wood
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Bedroom on main level; First-floor entry; Additional versatile living space
• Laundry & utility: No specific laundry details provided

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $515k.

Deal economics

• At list price, monthly cash flow is $-779 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $377k (26.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $365k (29.1% below list).
• Recommended offer: $365k (29.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#550 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.
• Market conditions: Rents flat; 574 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $3,654/mo this rent would consume 47% of the median local household income ($93k/yr) (locally 1870% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $55k of equity ($4k loan paydown + $52k appreciation (10.0% local appreciation)).
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$89k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 249 days — a 12% lower offer ($453k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 27y ago; this cycle's ask has dropped $55k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $365,376 (29.1% 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 249 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.71% ✗
• Cap rate: 4.48%
• Cash-on-cash: -6.48%
• DSCR: 0.71
• GRM: 11.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 0.85% rent growth · sell at horizon

5-year hold

• IRR: 19.1%
• Equity multiple: 2.55×
• Total profit: $223,276
• Equity at exit: $463,953

10-year hold

• IRR: 17.3%
• Equity multiple: 5.73×
• Total profit: $682,382
• Equity at exit: $1,000,532

Cash invested: $144,200 (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 33411

• Home prices YoY: 1.9%
• Rents YoY: 0.8%
• Active inventory: 574
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $3,654 medium
• Mortgage (P&I): −$2,701
• Tax from tax record: −$750 /mo · $8,997/yr
• Insurance: −$215
• HOA: −$0
• Vacancy / Maint / Mgmt: −$767
• Net cashflow: $-779

Break-even live

Break-even rent $4,639

Max offer price $377,459

Occupancy floor —

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: $128,750
• Closing costs: $15,450
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11448 68th St N West Palm Beach, FL	3.0	3.0	1403	$3,750	$2.67	4d	1	1.06mi
12601 57th Rd N West Palm Beach, FL	3.0	2.0	1665	$3,595	$2.16	24d	1	1.29mi
12146 Orange Blvd West Palm Beach, FL	4.0	2.0	2705	$4,000	$1.48	24d	1	1.40mi

Listing history 50 events

1. 2026-06-18
   days on market $515,000 Active 249 DOM
2. 2026-06-17
   days on market $515,000 Active 248 DOM
3. 2026-06-16
   days on market $515,000 Active 247 DOM
4. 2026-06-15
   days on market $515,000 Active 246 DOM
5. 2026-06-13
   days on market $515,000 Active 244 DOM
6. 2026-06-09
   pricestatusdays on market $515,000 Active 240 DOM
7. 2026-05-22
   status Pending
8. 2026-05-01
   price $517,500
9. 2026-04-07
   price $520,000
10. 2026-03-09
    price $525,000
11. 2026-02-17
    status Active
12. 2026-02-10
    status Pending
13. 2026-01-22
    status Active
14. 2025-12-12
    price $527,500
15. 2025-11-16
    price $535,000
16. 2025-10-24
    price $541,800
17. 2025-10-02
    price $549,900
18. 2025-09-12
    price $559,900
19. 2025-08-14
    listed $569,900 Active
20. 2025-05-04
    historical $3,250
21. 2025-05-01
    historical $3,250
22. 2025-05-01
    listed $3,250
23. 2025-05-01
    historical $3,250
24. 2025-03-03
    listed $3,250
25. 2025-03-02
    listed $3,250
26. 2019-02-15
    soldstatus $6,061,682
27. 2019-02-13
    soldstatus $100
28. 2018-09-17
    soldstatus $11,651,214
29. 2014-10-03
    soldstatus $170,000
30. 2014-09-22
    soldstatus $170,000 Closed 141-char remark

    Show marketing remark (141 chars)

    NOT SHORT SALE OR FORECLOSURE, QUICK RESPONSE, NEEDS SOME TLC TO MAKE IT A PERFECT HOME. MASTER BEDROOM ON THE FIRST FLOOR, LARGE FAMILY ROOM

31. 2014-09-05
    status Pending 141-char remark

    Show marketing remark (141 chars)

    NOT SHORT SALE OR FORECLOSURE, QUICK RESPONSE, NEEDS SOME TLC TO MAKE IT A PERFECT HOME. MASTER BEDROOM ON THE FIRST FLOOR, LARGE FAMILY ROOM

32. 2014-07-09
    price $199,900 141-char remark

    Show marketing remark (141 chars)

    NOT SHORT SALE OR FORECLOSURE, QUICK RESPONSE, NEEDS SOME TLC TO MAKE IT A PERFECT HOME. MASTER BEDROOM ON THE FIRST FLOOR, LARGE FAMILY ROOM

33. 2014-04-29
    status Active 141-char remark

    Show marketing remark (141 chars)

    NOT SHORT SALE OR FORECLOSURE, QUICK RESPONSE, NEEDS SOME TLC TO MAKE IT A PERFECT HOME. MASTER BEDROOM ON THE FIRST FLOOR, LARGE FAMILY ROOM

34. 2014-04-29
    historical 141-char remark

    Show marketing remark (141 chars)

    NOT SHORT SALE OR FORECLOSURE, QUICK RESPONSE, NEEDS SOME TLC TO MAKE IT A PERFECT HOME. MASTER BEDROOM ON THE FIRST FLOOR, LARGE FAMILY ROOM

35. 2014-04-28
    price $205,000 141-char remark

    Show marketing remark (141 chars)

    NOT SHORT SALE OR FORECLOSURE, QUICK RESPONSE, NEEDS SOME TLC TO MAKE IT A PERFECT HOME. MASTER BEDROOM ON THE FIRST FLOOR, LARGE FAMILY ROOM

36. 2014-02-25
    price $215,000 141-char remark

    Show marketing remark (141 chars)

    NOT SHORT SALE OR FORECLOSURE, QUICK RESPONSE, NEEDS SOME TLC TO MAKE IT A PERFECT HOME. MASTER BEDROOM ON THE FIRST FLOOR, LARGE FAMILY ROOM

37. 2014-01-14
    listed $240,000 Active 141-char remark

    Show marketing remark (141 chars)

    NOT SHORT SALE OR FORECLOSURE, QUICK RESPONSE, NEEDS SOME TLC TO MAKE IT A PERFECT HOME. MASTER BEDROOM ON THE FIRST FLOOR, LARGE FAMILY ROOM

38. 2011-12-12
    soldstatus $130,000 242-char remark

    Show marketing remark (242 chars)

    Wow! Great 4/3 cottage in the Acreage. Not a foreclosure or short sale, but priced like one. Move-in ready with warranty! You have to see this place! Bonus, almost 1000 sq. ft. of decks and porches! Cash or conventional financing offers only.

39. 2011-12-09
    historical 242-char remark

    Show marketing remark (242 chars)

    Wow! Great 4/3 cottage in the Acreage. Not a foreclosure or short sale, but priced like one. Move-in ready with warranty! You have to see this place! Bonus, almost 1000 sq. ft. of decks and porches! Cash or conventional financing offers only.

40. 2011-05-06
    listed $127,900 242-char remark

    Show marketing remark (242 chars)

    Wow! Great 4/3 cottage in the Acreage. Not a foreclosure or short sale, but priced like one. Move-in ready with warranty! You have to see this place! Bonus, almost 1000 sq. ft. of decks and porches! Cash or conventional financing offers only.

41. 2011-03-15
    soldstatus $56,000
42. 2011-02-25
    historical
43. 2010-11-08
    listed $64,900
44. 2005-07-22
    soldstatus $354,900
45. 2005-07-14
    soldstatus $345,900
46. 2005-06-24
    historical
47. 2005-04-19
    listed $354,900
48. 2004-12-10
    soldstatus $231,750
49. 1999-09-13
    soldstatus $121,000
50. 1999-09-13
    soldstatus $7,000

ⓘ 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: $8,997 · $750/mo
• Projected year-2 tax: $8,997 · $750/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,845
• − Mortgage interest: −$28,848
• − Property taxes: −$8,997
• − Insurance: −$2,575
• − Repairs & maintenance: −$3,508
• − Management: −$3,508
• − Depreciation: −$14,982
• Taxable loss: −$18,572
• Est. tax savings @ 24.0%: +$4,457
• After-tax cash flow: $-4,886/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 — The Acreage

• Score: 67/100
• State rank: #550
• US rank: #10381

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: The Acreage, FL
• County: Palm Beach County · 1,438,312 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 76,863
• Household income: $92,591
• Rent vs Own: 20.5% rent · 79.5% own
• Severe rent burden: 1870.0

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 0.70)
• Race & ethnicity: White 44% Hispanic / Latino 24% Black 23% Two or more races 16% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5% Cuban 4% Dominican 2%
• Common ancestry: Hispanic 6% Romanian 2% Italian 1%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 73% English-only · Spanish 17% French/Haitian/Cajun 4% 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: ▲ 17.04%
• Current HPI: 903.78
• Rent YoY: ▲ 0.85%
• 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

+3350.0% since first listed

49 events — show timeline

• 2026-05-22 Pending — MARMLS
• 2026-05-01 Price Changed $517,500 MARMLS
• 2026-04-07 Price Changed $520,000 MARMLS
• 2026-03-09 Price Changed $525,000 MARMLS
• 2026-02-17 Relisted — MARMLS
• 2026-02-10 Pending — MARMLS
• 2026-01-22 Relisted — MARMLS
• 2025-12-12 Price Changed $527,500 MARMLS
• 2025-11-16 Price Changed $535,000 MARMLS
• 2025-10-24 Price Changed $541,800 MARMLS
• 2025-10-02 Price Changed $549,900 MARMLS
• 2025-09-12 Price Changed $559,900 MARMLS
• 2025-08-14 Listed $569,900 MARMLS
• 2025-05-04 Rental Removed $3,250 MAINSTREETRENEWAL
• 2025-05-01 Rental Removed $3,250 RENTLY
• 2025-05-01 Listed for Rent $3,250 MAINSTREETRENEWAL
• 2025-05-01 Rental Removed $3,250 RENT.
• 2025-03-03 Listed for Rent $3,250 RENTLY
• 2025-03-02 Listed for Rent $3,250 RENT.
• 2019-02-15 Sold (Public Records) $6,061,682 Public Records
• 2019-02-13 Sold (Public Records) $100 Public Records
• 2018-09-17 Sold (Public Records) $11,651,214 Public Records
• 2014-10-03 Sold (Public Records) $170,000 Public Records
• 2014-09-22 Sold (MLS) $170,000 Beaches MLS
• 2014-09-05 Pending — Beaches MLS
• 2014-07-09 Price Changed $199,900 Beaches MLS
• 2014-04-29 Listing Removed — Beaches MLS
• 2014-04-29 Relisted — Beaches MLS
• 2014-04-28 Price Changed $205,000 Beaches MLS
• 2014-02-25 Price Changed $215,000 Beaches MLS
• 2014-01-14 Listed $240,000 Beaches MLS
• 2011-12-12 Sold (MLS) $130,000 Beaches MLS
• 2011-12-09 Listing Removed — Beaches MLS
• 2011-05-06 Listed $127,900 Beaches MLS
• 2011-03-15 Sold (MLS) $56,000 Beaches MLS
• 2011-02-25 Listing Removed — Beaches MLS
• 2010-11-08 Listed $64,900 Beaches MLS
• 2005-07-22 Sold (Public Records) $354,900 Public Records
• 2005-07-14 Sold (MLS) $345,900 Beaches MLS
• 2005-06-24 Listing Removed — Beaches MLS
• 2005-04-19 Listed $354,900 Beaches MLS
• 2004-12-10 Sold (Public Records) $231,750 Public Records
• 1999-09-13 Sold (Public Records) $7,000 Public Records
• 1999-09-13 Sold (Public Records) $121,000 Public Records
• 1999-08-31 Sold (MLS) $128,000 Beaches MLS
• 1999-08-18 Listing Removed — Beaches MLS
• 1999-06-15 Listed $128,000 Beaches MLS
• 1984-12-01 Sold (Public Records) $78,200 Public Records
• 1983-09-01 Sold (Public Records) $15,000 Public Records

Property tax history

+8.4%/yr

Latest (2025): $8,997 · +6.6% YoY. Source: county tax records.