2729 Anzio Ct #107 · Palm Beach Gardens, FL 33410

$259,000

1 bd · 1.0 ba · 819 sqft · Condo public records · 10 Days on market

Built 2005 $434/mo HOA · 15% 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 +17.1/30.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• DSCR +5.3/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Ideal investment property. Tenant occupied until September 2026. 1-bed 1-bath direct Lakefront, 1st floor condo. Immaculate, and updated in 2019-2020! Stainless steel appliances, newer washer & dryer, 4-5 years old water heater and AC, impact windows and sliders, screened patio overlooking the lake, formica countertops, newer carpet throughout, tiles in the kitchen. This gated community features a clubhouse, pool, spa, gym, tennis and pickleball courts and more. In the heart of Palm Beach Gardens, walking distance to the Downtown at The Gardens and the Gardens Mall, and within mere minutes to over 50+ restaurants. Just minutes to the area's best beaches and 15 minutes from Palm Beach In

Key facts

• Lakefront
• Screened patio
• Gated community

Tags

• LAKEFRONT
• SCREENED PATIO
• GRANITE COUNTERTOPS
• GATED COMMUNITY
• CLUBHOUSE
• POOL

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Monthly association fee; Association amenities include fitness center and sauna; Association fee covers amenities and structure maintenance; Community of 676 units

Exterior

• Parking: Guest parking; Open parking; On-street parking
• Security: Complex fenced; Smoke detectors
• Utilities: Cable available
• Home design: Block construction; 3 stories; Entry on level 1; Faces north; Attached property
• Construction: Block construction; Resale property
• Exterior features: Enclosed porch; Screened porch; Tennis court(s); Lakefront; Has view; Complex fenced; Smoke detectors

Interior

• Kitchen: Electric range; Microwave; Dishwasher; Refrigerator; Icemaker
• Bedrooms: Bedroom on main level
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Impact glass windows; Furnished; Breakfast area; Convertible bedroom; First-floor entry; Tub/shower
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $259k.

Deal economics

• At list price, monthly cash flow is $180 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $259k).

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.
• Market conditions: Rents rising (+2.5%/yr); 303 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• This rent runs 36% of the median local income ($95k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 9y ago; this cycle's ask has dropped $26k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $162k; list at $259k implies a 59% 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 $259,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
9. 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.
10. 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.
11. 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: 1.09% ✓
• Cap rate: 7.13%
• Cash-on-cash: 2.98%
• DSCR: 1.13
• 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: -12.2%
• Equity multiple: 0.56×
• Total profit: $-31,750
• Equity at exit: $38,618

10-year hold

• IRR: -3.8%
• Equity multiple: 0.75×
• Total profit: $-17,924
• Equity at exit: $22,394

Cash invested: $72,520 (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: 303
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,827 high
• Mortgage (P&I): −$1,358
• Tax from tax record: −$154 /mo · $1,844/yr
• Insurance: −$108
• HOA: −$434
• Vacancy / Maint / Mgmt: −$594
• Net cashflow: $180

Break-even live

Break-even rent $2,600

Max offer price $259,000

Occupancy floor 89%

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: $64,750
• Closing costs: $7,770
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2802 Sarento Pl #204 Palm Beach Gardens, FL	2.0	2.0	1092	$3,500	$3.21	24d	1	0.19mi
3019 Alcazar Pl #107 Palm Beach Gardens, FL	1.0	1.0	1000	$3,000	$3.00	22d	1	0.33mi
3019 Alcazar Pl #107 Palm Beach Gardens, FL	1.0	1.0	1000	$2,900	$2.90	24d	1	0.33mi
2396 Easy St Unit A Palm Beach Gardens, FL	2.0	1.0	948	$3,500	$3.69	24d	1	0.65mi
2100 PGA Blvd Palm Beach Gardens, FL	1.0–3.0	1.0–2.0	1044	$2,615	$2.50	1d	10	0.90mi
1718 Ridge Rd North Palm Beach, FL	2.0	2.0	900	$2,950	$3.28	24d	1	0.99mi
11900 Valencia Gardens Ave Palm Beach Gardens, FL	1.0–3.0	1.0–2.0	980	$2,180	$2.22	1d	18	1.04mi
12155 US Highway 1 North Palm Beach, FL	1.0–3.0	1.0–2.0	1297	$2,350	$1.81	1d	23	1.09mi
700 Sanctuary Cove Dr West Palm Beach, FL	1.0–3.0	1.0–2.0	1120	$2,038	$1.82	1d	55	1.12mi
3660 RCA Blvd Palm Beach Gardens, FL	1.0–2.0	1.0–2.0	1524	$2,709	$1.78	1d	30	1.28mi
3955 Design Center Dr Palm Beach Gardens, FL	3.0	1.0–2.0	996	$2,919	$2.93	2d	25	1.44mi

HOA detail condo

• Monthly dues: $434 · $5,208/yr
• Likely covers: waterpoolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 34 events

1. 2026-06-18
   days on market $259,000 Active 10 DOM
2. 2026-06-17
   days on market $259,000 Active 9 DOM
3. 2026-06-16
   days on market $259,000 Active 8 DOM
4. 2026-06-15
   days on market $259,000 Active 7 DOM
5. 2026-06-13
   days on market $259,000 Active 5 DOM
6. 2026-06-09
   remarks 695-char remark
7. 2026-06-09
   pricedays on marketlisting id $259,000 Active 1 DOM
8. 2026-06-01
   days on market $260,000 Active 115 DOM
9. 2026-05-31
   days on market $260,000 Active 114 DOM
10. 2026-05-09
    price $260,000
11. 2026-03-02
    price $274,000
12. 2026-02-06
    listed $284,900 Active
13. 2025-08-30
    historical $2,100
14. 2025-08-01
    listed $2,100
15. 2024-10-29
    historical $2,200
16. 2024-10-14
    price $2,200
17. 2024-10-01
    listed $2,395
18. 2024-07-07
    historical
19. 2024-07-01
    listed $329,000 Active
20. 2024-06-30
    historical
21. 2024-03-06
    historical $2,000
22. 2024-02-28
    status Active
23. 2024-02-25
    status Pending
24. 2024-02-22
    listed $2,000
25. 2024-02-03
    price $329,000
26. 2024-01-19
    listed $345,000 Active
27. 2018-11-21
    soldstatus $162,500 Closed
28. 2018-11-21
    soldstatus $162,500
29. 2018-10-23
    historical Active Under Contract
30. 2018-08-24
    listed $174,500 Active
31. 2018-03-15
    historical
32. 2018-01-05
    price $164,900
33. 2017-12-12
    price $154,900
34. 2017-09-19
    listed $164,900 Active

ⓘ 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: $1,844 · $154/mo
• Projected year-2 tax: $2,150 · $179/mo
• Expected delta: +$306/yr (+$26/mo · 16.6%)

ⓘ 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: $33,929
• − Mortgage interest: −$14,508
• − Property taxes: −$1,844
• − Insurance: −$1,295
• − Repairs & maintenance: −$2,714
• − Management: −$2,714
• − HOA: −$5,208
• − Depreciation: −$7,535
• Taxable loss: −$1,889
• Est. tax savings @ 24.0%: +$453
• After-tax cash flow: $2,612/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

+57.7% since first listed

25 events — show timeline

• 2026-05-09 Price Changed $260,000 MARMLS
• 2026-03-02 Price Changed $274,000 MARMLS
• 2026-02-06 Listed $284,900 MARMLS
• 2025-08-30 Rental Removed $2,100 MARMLS
• 2025-08-01 Listed for Rent $2,100 MARMLS
• 2024-10-29 Rental Removed $2,200 MARMLS
• 2024-10-14 Price Changed $2,200 MARMLS
• 2024-10-01 Listed for Rent $2,395 MARMLS
• 2024-07-07 Listing Removed — MARMLS
• 2024-07-01 Listed $329,000 MARMLS
• 2024-06-30 Listing Removed — MARMLS
• 2024-03-06 Rental Removed $2,000 MARMLS
• 2024-02-28 Relisted — MARMLS
• 2024-02-25 Pending — MARMLS
• 2024-02-22 Listed for Rent $2,000 MARMLS
• 2024-02-03 Price Changed $329,000 MARMLS
• 2024-01-19 Listed $345,000 MARMLS
• 2018-11-21 Sold (Public Records) $162,500 Public Records
• 2018-11-21 Sold (MLS) $162,500 Beaches MLS
• 2018-10-23 Contingent — Beaches MLS
• 2018-08-24 Listed $174,500 Beaches MLS
• 2018-03-15 Listing Removed — Beaches MLS
• 2018-01-05 Price Changed $164,900 Beaches MLS
• 2017-12-12 Price Changed $154,900 Beaches MLS
• 2017-09-19 Listed $164,900 Beaches MLS

Property tax history

+2.1%/yr

Latest (2025): $1,844 · +3.4% YoY. Source: county tax records.