3060 Meridian Way N #8 · Palm Beach Gardens, FL 33410

$223,300

2 bd · 1.0 ba · 768 sqft · Condo public records · 144 Days on market

Built 1965 $535/mo HOA · 15% of rent

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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 +28.7/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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 MLS

Meridian Park is 55+ active adult community. Walking distance to Publix and 5 minutes from the beaches. Comes with shuffleboard, heated pool and a lovely clubhouse with a kitchen and library. Unit 8 has been completely remodeled, from fresh paint throughout the entire home as well as brand new baseboards. A/C is 2018. Luxury ceramic tile throughout the entire house and plantation shutters. Large new screened in porch. The carport just got redone and one carport space is assigned. Short walk to the clubhouse and pool. New stackable W/ D. NO PETS, RV's, trucks, commercial vehicles, or motorcycles.

Key facts

• Tile floors
• Plantation shutters
• Screened porch

Tags

• SCREENED PORCH
• OPEN CONCEPT FLOOR PLAN
• TILE FLOORS
• PLANTATION SHUTTERS
• IMPACT WINDOWS
• NEW EXTERIOR DOOR

Property features AI

Finance

• Other: Pets not allowed
• HOA & community: Meridian Park Condominium Association (monthly HOA fee); HOA includes cable TV, insurance, grounds maintenance, pest control, trash and water; Community amenities: clubhouse, heated pool, pool, billiard room, shuffleboard court, picnic area, workshop area, community room, library, sidewalks and street lights; Community has 169 units; Senior community

Exterior

• Parking: Two total parking spaces; Detached covered carport (1 covered space); Driveway, assigned and guest parking available; On-street parking
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Condominium; One story; Entry-level living area; Faces south
• Construction: CBS construction; Concrete, composition and shingle roof; Plans list building area
• Exterior features: Screened porch; Open porch; Workshop; Interior lot with sidewalks; Asphalt road frontage (west of US-1); Not waterfront

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: Two bedrooms on the main level
• Flooring: Vinyl
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fans
• Interior features: Kitchen island; Closet cabinetry; Pull-down stairs; Blinds, drapes and plantation shutters; Single-hung and sliding metal windows; Shutters
• Laundry & utility: Laundry closet inside; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $223k.

Deal economics

• At list price, monthly cash flow is $741 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $223k).
• Recommended offer: $197k (12.0% 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: Allamanda Elementary School (math 52% / reading 58%, grade C, #872 of 2,144 statewide, top 42%, 630 students, 48% FRL); 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-school proficiency averages 37% at this address vs 50% district-wide (-13 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 (+2.5%/yr); 309 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 6d 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).
• At $3,569/mo this rent would consume 45% 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 $7k 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 + 2.5% rent growth), your $63k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 144 days — a 12% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y 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.

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 $196,504 (12.0% below list)

Questions for the listing agent

1. It's been on market 144 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
9. 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.
10. 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: 1.60% ✓
• Cap rate: 10.27%
• Cash-on-cash: 14.22%
• DSCR: 1.63
• GRM: 5.2

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: 4.0%
• Equity multiple: 1.15×
• Total profit: $9,568
• Equity at exit: $33,295

10-year hold

• IRR: 13.0%
• Equity multiple: 2.01×
• Total profit: $63,254
• Equity at exit: $19,307

Cash invested: $62,524 (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: 5.2×

Monthly cashflow live

• Estimated rent: $3,569 high
• Mortgage (P&I): −$1,171
• Tax from tax record: −$279 /mo · $3,350/yr
• Insurance: −$93
• HOA: −$535
• Vacancy / Maint / Mgmt: −$749
• Net cashflow: $741

Break-even live

Break-even rent $2,631

Max offer price $223,300

Occupancy floor 74%

Sensitivity live

Price	-10% $867	-5% $804	+0% $741	+5% $678	+10% $615
Rent	-10% $459	-5% $600	+0% $741	+5% $882	+10% $1,023
Rate	-1.0pp $853	-0.5pp $798	base $741	+0.5pp $683	+1.0pp $624

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: $55,825
• Closing costs: $6,699
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2750 Rio Vista Blvd Palm Beach Gardens, FL	1.0–2.0	1.0–2.0	925	$2,999	$3.24	4d	27	0.52mi
913 Lighthouse Dr North Palm Beach, FL	3.0	2.5	1092	$5,900	$5.40	25d	1	0.61mi
700 Sanctuary Cove Dr West Palm Beach, FL	1.0–3.0	1.0–2.0	1120	$2,584	$2.31	0d	55	0.92mi
3660 RCA Blvd Palm Beach Gardens, FL	1.0–2.0	1.0–2.0	1524	$6,849	$4.49	2d	30	0.99mi
2545 Conroy Dr West Palm Beach, FL	3.0	2.0	1066	$3,295	$3.09	25d	1	1.04mi
9446 Birmingham Dr Palm Beach Gardens, FL	3.0	2.0	1092	$3,250	$2.98	6d	1	1.23mi
2396 Easy St Unit A Palm Beach Gardens, FL	2.0	1.0	948	$3,500	$3.69	25d	1	1.34mi
624 Southwind Cir #2 North Palm Beach, FL	2.0	2.0	718	$3,750	$5.22	25d	1	1.35mi
3955 Design Center Dr Palm Beach Gardens, FL	3.0	1.0–2.0	996	$3,517	$3.53	0d	23	1.41mi
4120 Union Square Blvd Palm Beach Gardens, FL	1.0–3.0	1.0–2.0	1035	$2,632	$2.54	0d	100	1.45mi

HOA detail condo

• Monthly dues: $535 · $6,420/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 31 events

1. 2026-06-21
   days on market $223,300 Active 144 DOM
2. 2026-06-18
   days on market $223,300 Active 141 DOM
3. 2026-06-17
   days on market $223,300 Active 140 DOM
4. 2026-06-16
   days on market $223,300 Active 139 DOM
5. 2026-06-15
   days on market $223,300 Active 138 DOM
6. 2026-06-13
   days on market $223,300 Active 136 DOM
7. 2026-06-09
   days on market $223,300 Active 132 DOM
8. 2026-06-07
   days on market $223,300 Active 130 DOM
9. 2026-06-04
   days on market $223,300 Active 127 DOM
10. 2026-06-03
    days on market $223,300 Active 126 DOM
11. 2026-06-01
    days on market $223,300 Active 124 DOM
12. 2026-05-31
    days on market $223,300 Active 123 DOM
13. 2026-04-24
    price $223,300
14. 2026-01-28
    listed $235,000 Active
15. 2022-05-16
    soldstatus $210,000
16. 2022-05-12
    soldstatus $210,000 Closed 602-char remark

    Show marketing remark (602 chars)

    Meridian Park is 55+ active adult community. Walking distance to Publix and 5 minutes from the beaches. Comes with shuffleboard, heated pool and a lovely clubhouse with a kitchen and library. Unit 8 has been completely remodeled, from fresh paint throughout the entire home as well as brand new baseboards. A/C is 2018. Luxury ceramic tile throughout the entire house and plantation shutters. Large new screened in porch. The carport just got redone and one carport space is assigned. Short walk to the clubhouse and pool. New stackable W/ D. NO PETS, RV's, trucks, commercial vehicles, or motorcycles.

17. 2022-04-25
    status Pending 602-char remark

    Show marketing remark (602 chars)

    Meridian Park is 55+ active adult community. Walking distance to Publix and 5 minutes from the beaches. Comes with shuffleboard, heated pool and a lovely clubhouse with a kitchen and library. Unit 8 has been completely remodeled, from fresh paint throughout the entire home as well as brand new baseboards. A/C is 2018. Luxury ceramic tile throughout the entire house and plantation shutters. Large new screened in porch. The carport just got redone and one carport space is assigned. Short walk to the clubhouse and pool. New stackable W/ D. NO PETS, RV's, trucks, commercial vehicles, or motorcycles.

18. 2022-04-22
    price $219,000 602-char remark

    Show marketing remark (602 chars)

    Meridian Park is 55+ active adult community. Walking distance to Publix and 5 minutes from the beaches. Comes with shuffleboard, heated pool and a lovely clubhouse with a kitchen and library. Unit 8 has been completely remodeled, from fresh paint throughout the entire home as well as brand new baseboards. A/C is 2018. Luxury ceramic tile throughout the entire house and plantation shutters. Large new screened in porch. The carport just got redone and one carport space is assigned. Short walk to the clubhouse and pool. New stackable W/ D. NO PETS, RV's, trucks, commercial vehicles, or motorcycles.

19. 2022-04-07
    status Active 602-char remark

    Show marketing remark (602 chars)

    Meridian Park is 55+ active adult community. Walking distance to Publix and 5 minutes from the beaches. Comes with shuffleboard, heated pool and a lovely clubhouse with a kitchen and library. Unit 8 has been completely remodeled, from fresh paint throughout the entire home as well as brand new baseboards. A/C is 2018. Luxury ceramic tile throughout the entire house and plantation shutters. Large new screened in porch. The carport just got redone and one carport space is assigned. Short walk to the clubhouse and pool. New stackable W/ D. NO PETS, RV's, trucks, commercial vehicles, or motorcycles.

20. 2022-03-18
    historical Active Under Contract 602-char remark

    Show marketing remark (602 chars)

    Meridian Park is 55+ active adult community. Walking distance to Publix and 5 minutes from the beaches. Comes with shuffleboard, heated pool and a lovely clubhouse with a kitchen and library. Unit 8 has been completely remodeled, from fresh paint throughout the entire home as well as brand new baseboards. A/C is 2018. Luxury ceramic tile throughout the entire house and plantation shutters. Large new screened in porch. The carport just got redone and one carport space is assigned. Short walk to the clubhouse and pool. New stackable W/ D. NO PETS, RV's, trucks, commercial vehicles, or motorcycles.

21. 2022-03-04
    listed $229,000 Active 602-char remark

    Show marketing remark (602 chars)

    Meridian Park is 55+ active adult community. Walking distance to Publix and 5 minutes from the beaches. Comes with shuffleboard, heated pool and a lovely clubhouse with a kitchen and library. Unit 8 has been completely remodeled, from fresh paint throughout the entire home as well as brand new baseboards. A/C is 2018. Luxury ceramic tile throughout the entire house and plantation shutters. Large new screened in porch. The carport just got redone and one carport space is assigned. Short walk to the clubhouse and pool. New stackable W/ D. NO PETS, RV's, trucks, commercial vehicles, or motorcycles.

22. 2022-01-13
    soldstatus $145,000
23. 2022-01-05
    soldstatus $145,000 Closed 524-char remark

    Show marketing remark (524 chars)

    Ground floor villa in 55+ active adult community. Seller just purchased and wants to change locations within the commnity. Other purchase contingent upon the sale of this one. Kitchen and bath have had some updates. Large screened porch. Covered parking. Short walk to pool and activities - shuffleboard, library, clubhouse, etc. Walk to Publix at Promenade Shoppes. Pull-down attic stairs. A/C recent. No pets unless service animal with . required docs. 680 Min credit score. If financing, please talk to LA prior to offer.

24. 2021-11-16
    historical Active Under Contract 524-char remark

    Show marketing remark (524 chars)

    Ground floor villa in 55+ active adult community. Seller just purchased and wants to change locations within the commnity. Other purchase contingent upon the sale of this one. Kitchen and bath have had some updates. Large screened porch. Covered parking. Short walk to pool and activities - shuffleboard, library, clubhouse, etc. Walk to Publix at Promenade Shoppes. Pull-down attic stairs. A/C recent. No pets unless service animal with . required docs. 680 Min credit score. If financing, please talk to LA prior to offer.

25. 2021-11-15
    listed $149,000 Active 524-char remark

    Show marketing remark (524 chars)

    Ground floor villa in 55+ active adult community. Seller just purchased and wants to change locations within the commnity. Other purchase contingent upon the sale of this one. Kitchen and bath have had some updates. Large screened porch. Covered parking. Short walk to pool and activities - shuffleboard, library, clubhouse, etc. Walk to Publix at Promenade Shoppes. Pull-down attic stairs. A/C recent. No pets unless service animal with . required docs. 680 Min credit score. If financing, please talk to LA prior to offer.

26. 2021-10-25
    soldstatus $145,000
27. 2021-10-15
    soldstatus $145,000 Closed
28. 2021-09-11
    historical Active Under Contract
29. 2021-09-08
    listed $145,000 Active
30. 1993-06-25
    soldstatus $51,000
31. 1990-02-28
    soldstatus $48,500

ⓘ 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: $3,350 · $279/mo
• Projected year-2 tax: $3,350 · $279/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: $42,823
• − Mortgage interest: −$12,508
• − Property taxes: −$3,350
• − Insurance: −$1,116
• − Repairs & maintenance: −$3,426
• − Management: −$3,426
• − HOA: −$6,420
• − Depreciation: −$6,496
• Taxable income: $6,080
• Est. tax owed @ 24.0%: −$1,459
• After-tax cash flow: $7,432/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

+360.4% since first listed

19 events — show timeline

• 2026-04-24 Price Changed $223,300 Beaches MLS
• 2026-01-28 Listed $235,000 Beaches MLS
• 2022-05-16 Sold (Public Records) $210,000 Public Records
• 2022-05-12 Sold (MLS) $210,000 Beaches MLS
• 2022-04-25 Pending — Beaches MLS
• 2022-04-22 Price Changed $219,000 Beaches MLS
• 2022-04-07 Relisted — Beaches MLS
• 2022-03-18 Contingent — Beaches MLS
• 2022-03-04 Listed $229,000 Beaches MLS
• 2022-01-13 Sold (Public Records) $145,000 Public Records
• 2022-01-05 Sold (MLS) $145,000 Beaches MLS
• 2021-11-16 Contingent — Beaches MLS
• 2021-11-15 Listed $149,000 Beaches MLS
• 2021-10-25 Sold (Public Records) $145,000 Public Records
• 2021-10-15 Sold (MLS) $145,000 Beaches MLS
• 2021-09-11 Contingent — Beaches MLS
• 2021-09-08 Listed $145,000 Beaches MLS
• 1993-06-25 Sold (Public Records) $51,000 Public Records
• 1990-02-28 Sold (Public Records) $48,500 Public Records

Property tax history

+18.6%/yr

Latest (2025): $3,350 · +1.0% YoY. Source: county tax records.