121 Prestige Dr · Royal Palm Beach, FL 33411

$430,000

3 bd · 2.0 ba · 1,464 sqft · SingleFamily public records · 75 Days on market

Built 2000 4,999 sqft lot $200/mo HOA · 7% 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +4.9/30.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• 1% rule +1.3/10.0
• DSCR +0.0/10.0

Listing remarks MLS

ALMOST NEW 3 BEDROOM HOME-TILE IN ALL LIVING AREAS-GATED COMM. COMM. POOL-TILE ROOF-1 CAR GARAGE

Key facts

• 4,999 sq ft lot
• Garage
• Built 2000

Tags

• GENEROUSLY SIZED YARD
• PRIVATE OUTDOOR SPACE

Property features AI

Finance

• Financial info: Pets allowed with no restrictions
• HOA & community: Association with monthly fee of $200 covering common areas; Association amenities: Other

Exterior

• Parking: 3 parking spaces total; Attached 1-car garage; Covered space (1); Driveway
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single family residence; One story; Resale property; Faces east
• Construction: CBS construction; Built with tile roof
• Exterior features: Not waterfront; Tile roof

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; Ceiling fan(s)
• Interior features: Dishwasher; Electric range; Microwave; Refrigerator; Laundry inside
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $430k.

Deal economics

• At list price, monthly cash flow is $-1k ($-12k/yr) — negative.
• To cash-flow at today's rent, offer at most $282k (34.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $272k (36.7% below list).
• Recommended offer: $272k (36.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 79/100 on livability (#135 in FL, #2,039 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: cost of living C-, 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: H. L. Johnson Elementary School (math 70% / reading 69%, grade A-, #364 of 2,144 statewide, top 19%, 817 students, 40% FRL); Crestwood Community Middle (math 49% / reading 52%, grade C, #246 of 571 statewide, top 44%, 724 students, 50% FRL); Royal Palm Beach High School (math 22% / reading 38%, grade F, #441 of 667 statewide, top 67%, 2,343 students, 57% FRL) — zoned schools at 49% FRL track the district average.
• Market conditions: Rents flat; 583 active listings in the ZIP; 40 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).
• This rent runs 35% of the median local income ($93k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $46k of equity ($3k loan paydown + $43k 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 ~$74k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($404k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 24y 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 $148k; list at $430k implies a 191% 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 $272,023 (36.7% 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 75 days. Have you received any prior offers? Is the seller open to a 37% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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 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: 0.63% ✗
• Cap rate: 3.44%
• Cash-on-cash: -10.19%
• DSCR: 0.55
• GRM: 13.2

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: 16.6%
• Equity multiple: 2.36×
• Total profit: $163,459
• Equity at exit: $387,378

10-year hold

• IRR: 15.5%
• Equity multiple: 5.34×
• Total profit: $522,212
• Equity at exit: $835,395

Cash invested: $120,400 (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: 583
• Price-to-rent: 13.2×

Monthly cashflow live

• Estimated rent: $2,720 high
• Mortgage (P&I): −$2,255
• Tax est. 1.5%: −$538 /mo · $6,450/yr
• Insurance: −$179
• HOA: −$200
• Vacancy / Maint / Mgmt: −$571
• Net cashflow: $-1,023

Break-even live

Break-even rent $4,015

Max offer price $282,021

Occupancy floor —

Sensitivity live

Price	-10% $-725	-5% $-874	+0% $-1,023	+5% $-1,171	+10% $-1,320
Rent	-10% $-1,238	-5% $-1,130	+0% $-1,023	+5% $-915	+10% $-808
Rate	-1.0pp $-806	-0.5pp $-913	base $-1,023	+0.5pp $-1,134	+1.0pp $-1,247

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: $107,500
• Closing costs: $12,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1605 Palm Beach Trace Dr Royal Palm Beach, FL	2.0	2.0	1201	$2,100	$1.75	14d	1	0.09mi
1803 Palm Beach Trace Dr Royal Palm Beach, FL	2.0	2.0	1201	$2,000	$1.67	20d	1	0.11mi
101 Fairway Ln Royal Palm Beach, FL	3.0	2.5	1684	$3,300	$1.96	23d	1	0.12mi
145 Prestige Dr Royal Palm Beach, FL	3.0	2.0	1464	$2,900	$1.98	18d	1	0.12mi
180 Heatherwood Dr Royal Palm Beach, FL	3.0	2.0	1462	$2,710	$1.85	7d	1	0.17mi
43 Essex Ct Unit A Royal Palm Beach, FL	2.0	2.5	1398	$2,500	$1.79	26d	1	0.22mi
1407 Lakeview Dr E Royal Palm Beach, FL	2.0	2.0	1165	$2,300	$1.97	9d	1	0.27mi
36 Danbury Ct Unit B Royal Palm Beach, FL	2.0	2.5	1398	$2,300	$1.65	12d	1	0.27mi
1601 Lakeview Dr W Unit 1601 Royal Palm Beach, FL	3.0	2.5	1296	$2,375	$1.83	23d	1	0.31mi
212 Trace Ct Royal Palm Beach, FL	3.0	2.0	1740	$3,050	$1.75	7d	1	0.33mi
202 Lakeside Landing Dr Royal Palm Beach, FL	3.0	2.5	1532	$3,200	$2.09	5d	1	0.49mi
182 Sparrow Dr Unit A Royal Palm Beach, FL	3.0	2.0	1485	$3,000	$2.02	26d	1	0.62mi
81 Westecunk Dr Royal Palm Beach, FL	2.0	2.0	1347	$2,550	$1.89	19d	1	0.63mi
216 Cordoba Cir Royal Palm Beach, FL	3.0	2.0	1461	$3,440	$2.35	1d	1	0.65mi
190 Parkwood Dr Royal Palm Beach, FL	3.0	2.0	1644	$3,200	$1.95	26d	1	0.67mi
210 Sparrow Dr #4 Royal Palm Beach, FL	2.0	2.0	930	$1,900	$2.04	22d	1	0.67mi
139 Sparrow Dr Royal Palm Beach, FL	2.0–3.0	1.5–2.5	1100	$2,390	$2.17	16d	3	0.69mi
202 Sparrow Dr #1 Royal Palm Beach, FL	3.0	2.0	1020	$2,400	$2.35	26d	1	0.69mi
110 Weybridge Cir Unit A Royal Palm Beach, FL	2.0	2.5	1470	$2,350	$1.60	23d	1	0.69mi
296 Sandpiper Ave Royal Palm Beach, FL	3.0	2.0	1569	$3,100	$1.98	26d	1	0.73mi
100 Miramar Ave Royal Palm Beach, FL	3.0	2.0	1812	$3,600	$1.99	26d	1	0.76mi
111 Weybridge Cir Royal Palm Beach, FL	3.0	2.5	1710	$3,100	$1.81	6d	1	0.78mi
151 Cordoba Cir Royal Palm Beach, FL	3.0	2.0	1421	$3,300	$2.32	26d	1	0.81mi
132 Weybridge Cir Royal Palm Beach, FL	2.0	2.5	1470	$3,000	$2.04	26d	1	0.81mi
240 Bilbao St Royal Palm Beach, FL	3.0	2.0	1440	$3,400	$2.36	26d	1	0.88mi
263 Deerfield Ct Royal Palm Beach, FL	2.0	2.0	1120	$1,800	$1.61	26d	1	0.88mi
73 Macadamia Ct Royal Palm Beach, FL	2.0	2.0	1112	$2,000	$1.80	13d	1	0.91mi
100 Sparrow Dr #14 Royal Palm Beach, FL	3.0	2.0	1737	$2,725	$1.57	26d	1	0.96mi
100 Sparrow Dr #2 Royal Palm Beach, FL	3.0	2.0	1824	$2,725	$1.49	20d	1	0.98mi
221 Bilbao St Royal Palm Beach, FL	3.0	2.0	1657	$3,700	$2.23	26d	1	1.01mi
113 Madrid St Royal Palm Beach, FL	4.0	3.0	1720	$4,500	$2.62	26d	1	1.01mi
113 Madrid St Royal Palm Beach, FL	3.0	3.0	1720	$4,500	$2.62	12d	1	1.01mi
179 Dove Cir Royal Palm Beach, FL	3.0	2.0	1642	$3,500	$2.13	26d	1	1.11mi
7 Greenway Vlg N Royal Palm Beach, FL	1.0–2.0	1.5–2.0	930	$1,700	$1.83	18d	2	1.17mi
2 Greenway Vlg N #210 Royal Palm Beach, FL	2.0	2.0	1080	$2,000	$1.85	26d	1	1.18mi
118 Bobwhite Rd Royal Palm Beach, FL	3.0	2.0	1444	$3,200	$2.22	19d	1	1.18mi
4 Greenway Vlg N #203 Royal Palm Beach, FL	2.0	2.0	1080	$2,000	$1.85	26d	1	1.20mi
10863 Dalmany Way Royal Palm Beach, FL	3.0	2.0	1232	$3,500	$2.84	26d	1	1.23mi
10360 Fox Trail Rd S #1602 West Palm Beach, FL	2.0	2.0	1048	$1,920	$1.83	22d	1	1.34mi
12007 Poinciana Blvd #205 Royal Palm Beach, FL	2.0	2.0	1088	$1,590	$1.46	16d	1	1.34mi

HOA detail

• Monthly dues: $200 · $2,400/yr
• Likely covers: poolsecurity

Listing history 32 events

1. 2026-06-21
   days on market $430,000 Active 75 DOM
2. 2026-06-18
   days on market $430,000 Active 72 DOM
3. 2026-06-17
   days on market $430,000 Active 71 DOM
4. 2026-06-16
   days on market $430,000 Active 70 DOM
5. 2026-06-15
   days on market $430,000 Active 69 DOM
6. 2026-06-13
   days on market $430,000 Active 67 DOM
7. 2026-06-09
   days on market $430,000 Active 63 DOM
8. 2026-06-08
   days on market $430,000 Active 62 DOM
9. 2026-06-07
   days on market $430,000 Active 61 DOM
10. 2026-06-04
    days on market $430,000 Active 58 DOM
11. 2026-06-03
    days on market $430,000 Active 57 DOM
12. 2026-06-02
    pricedays on market $430,000 Active 56 DOM
13. 2026-06-01
    days on market $439,900 Active 55 DOM
14. 2026-05-31
    days on market $439,900 Active 54 DOM
15. 2026-04-22
    price $439,900
16. 2026-04-07
    listed $449,900 Active
17. 2021-08-01
    historical
18. 2021-07-29
    status Active
19. 2021-07-24
    status Pending
20. 2021-07-21
    status Active
21. 2021-07-19
    historical Active Under Contract
22. 2021-07-18
    price $344,500
23. 2021-07-17
    status Active
24. 2021-07-11
    historical Active Under Contract
25. 2021-07-09
    status Active
26. 2021-07-04
    status Pending
27. 2021-06-23
    listed $349,500 Active
28. 2003-01-03
    soldstatus $148,000
29. 2002-12-28
    soldstatus $148,000 96-char remark

    Show marketing remark (96 chars)

    ALMOST NEW 3 BEDROOM HOME-TILE IN ALL LIVING AREAS-GATED COMM. COMM. POOL-TILE ROOF-1 CAR GARAGE

30. 2002-11-26
    historical 96-char remark

    Show marketing remark (96 chars)

    ALMOST NEW 3 BEDROOM HOME-TILE IN ALL LIVING AREAS-GATED COMM. COMM. POOL-TILE ROOF-1 CAR GARAGE

31. 2002-11-19
    listed $159,900 96-char remark

    Show marketing remark (96 chars)

    ALMOST NEW 3 BEDROOM HOME-TILE IN ALL LIVING AREAS-GATED COMM. COMM. POOL-TILE ROOF-1 CAR GARAGE

32. 2000-03-27
    soldstatus $1,510,500

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,643
• − Mortgage interest: −$24,087
• − Property taxes: −$6,450
• − Insurance: −$2,150
• − Repairs & maintenance: −$2,611
• − Management: −$2,611
• − HOA: −$2,400
• − Depreciation: −$12,509
• Taxable loss: −$20,176
• Est. tax savings @ 24.0%: +$4,842
• After-tax cash flow: $-7,430/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 — Royal Palm Beach

• Score: 79/100
• State rank: #135
• US rank: #2039

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Royal Palm Beach, FL
• County: Palm Beach County · 1,438,312 people
• City population: 222,012
• 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

-70.9% since first listed

18 events — show timeline

• 2026-04-22 Price Changed $439,900 Beaches MLS
• 2026-04-07 Listed $449,900 Beaches MLS
• 2021-08-01 Listing Removed — Beaches MLS
• 2021-07-29 Relisted — Beaches MLS
• 2021-07-24 Pending — Beaches MLS
• 2021-07-21 Relisted — Beaches MLS
• 2021-07-19 Contingent — Beaches MLS
• 2021-07-18 Price Changed $344,500 Beaches MLS
• 2021-07-17 Relisted — Beaches MLS
• 2021-07-11 Contingent — Beaches MLS
• 2021-07-09 Relisted — Beaches MLS
• 2021-07-04 Pending — Beaches MLS
• 2021-06-23 Listed $349,500 Beaches MLS
• 2003-01-03 Sold (Public Records) $148,000 Public Records
• 2002-12-28 Sold (MLS) $148,000 Beaches MLS
• 2002-11-26 Listing Removed — Beaches MLS
• 2002-11-19 Listed $159,900 Beaches MLS
• 2000-03-27 Sold (Public Records) $1,510,500 Public Records

Property tax history

+1.2%/yr

Latest (2025): $205 · +5.7% YoY. Source: county tax records.