135 Atwell Dr · Royal Palm Beach, FL 33411

$519,900

3 bd · 2.0 ba · 1,757 sqft · SingleFamily public records · 66 Days on market

Built 2011 4,500 sqft lot $215/mo HOA · 6% 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 +6.3/30.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• 1% rule +1.4/10.0
• DSCR +0.6/10.0

Listing remarks MLS

Owned by current owners since built in 2011, this home is impeccable and extremely well maintained. Features include, IMPACT GLASS WINDOWS, water purification and softener system throughout the home including Refrigerator and all faucets! NEST SMART HOME A/C THERMOSTAT and security system to use with Alexa/Google devices. All the appliances including washer and dryer are in excellent condition. Beautiful 42'' wood cabinets in kitchen with lovely granite and back splash. Upgraded bathrooms & extended mbr shower. Backyard features a lovely patio and rock garden & lush landscaping for privacy in addition the large covered front porch features a view of the beautiful lake where you can sit for hours enjoying the balmy breezes.

Key facts

• Privacy
• Lake views
• Canal front home

Tags

• CANAL FRONT HOME
• TRANQUIL WATER VIEWS
• LAKE VIEWS
• PRIVACY
• NATURAL LIGHT
• NO DIRECT REAR NEIGHBORS

Property features AI

Finance

• Other: Pets allowed with number limit
• HOA & community: Sequoia Homeowners Association; Monthly HOA fee: $215; Community pool; HOA fee covers cable TV, common areas, and recreation facility

Exterior

• Parking: Attached 2-car garage with garage door opener; Driveway parking (total 4 parking spaces, 2 covered)
• Security: Owned security system
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Single-family residence; One story; Resale property; Faces east
• Construction: Stucco/CBS construction; Barrel tile roof
• Exterior features: Open patio; Open porch; Sidewalks; Waterfront: Yes (no specific waterfront features listed)

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Owned water purifier; Garbage disposal
• Bedrooms: Three main-level bedrooms
• Flooring: Ceramic tile; Laminate; Wood
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: High ceilings; Walk-in closets; Split bedroom layout; Pull-down attic stairs; Sliding windows
• Laundry & utility: Inside laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $520k.

Deal economics

• At list price, monthly cash flow is $-926 ($-11k/yr) — negative.
• To cash-flow at today's rent, offer at most $356k (31.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $334k (35.8% below list).
• Recommended offer: $334k (35.8% 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: Everglades Elementary (math 70% / reading 74%, grade A-, #288 of 2,144 statewide, top 15%, 888 students, 34% FRL); Emerald Cove Middle School (math 61% / reading 64%, grade B+, #116 of 571 statewide, top 21%, 1,241 students, 36% FRL); Palm Beach Central High School (math 42% / reading 55%, grade D, #198 of 667 statewide, top 30%, 2,980 students, 40% FRL) — zoned schools average 36% FRL vs 52% district-wide (16 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents flat; 574 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 43% 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 $56k 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 66 days — a 6% lower offer ($489k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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 $352k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $333,882 (35.8% 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 66 days. Have you received any prior offers? Is the seller open to a 36% 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: 0.64% ✗
• Cap rate: 4.16%
• Cash-on-cash: -7.63%
• DSCR: 0.66
• GRM: 13.0

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: 18.4%
• Equity multiple: 2.49×
• Total profit: $217,164
• Equity at exit: $468,367

10-year hold

• IRR: 16.7%
• Equity multiple: 5.62×
• Total profit: $672,807
• Equity at exit: $1,010,051

Cash invested: $145,572 (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: 13.0×

Monthly cashflow live

• Estimated rent: $3,339 high
• Mortgage (P&I): −$2,726
• Tax from tax record: −$405 /mo · $4,862/yr
• Insurance: −$217
• HOA: −$215
• Vacancy / Maint / Mgmt: −$701
• Net cashflow: $-926

Break-even live

Break-even rent $4,510

Max offer price $356,400

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: $129,975
• Closing costs: $15,597
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8421 Pioneer Rd West Palm Beach, FL	3.0	2.0	2000	$2,900	$1.45	8d	1	0.46mi
8152 Butler Greenwood Dr Royal Palm Beach, FL	3.0	3.0	2323	$10,000	$4.30	24d	1	0.52mi
8694 Pioneer Rd West Palm Beach, FL	4.0	3.0	2000	$3,500	$1.75	19d	1	0.75mi
699 Belle Grove Ln Royal Palm Beach, FL	3.0	2.0	1849	$3,500	$1.89	24d	1	0.80mi
625 Whippoorwill Ter West Palm Beach, FL	3.0	2.0	1914	$4,500	$2.35	24d	1	1.43mi
759 Gazetta Way West Palm Beach, FL	3.0	2.0	1935	$3,500	$1.81	24d	1	1.46mi
9433 Madewood Ct Royal Palm Beach, FL	4.0	2.0	2616	$5,350	$2.05	24d	1	1.48mi

HOA detail

• Monthly dues: $215 · $2,580/yr
• Likely covers: watercablelandscapingsecurity

Listing history 15 events

1. 2026-06-07
   statusdays on market $519,900 Pending 66 DOM
2. 2026-06-04
   days on market $519,900 Active Under Contract 65 DOM
3. 2026-06-03
   days on market $519,900 Active Under Contract 64 DOM
4. 2026-06-02
   days on market $519,900 Active Under Contract 63 DOM
5. 2026-06-01
   days on market $519,900 Active Under Contract 62 DOM
6. 2026-05-31
   days on market $519,900 Active Under Contract 61 DOM
7. 2026-05-15
   price $519,900
8. 2026-03-27
   listed $529,000 Active
9. 2020-12-11
   soldstatus $352,500
10. 2020-12-11
    soldstatus $352,500
11. 2020-12-07
    soldstatus $352,500 Closed 745-char remark

    Show marketing remark (745 chars)

    Owned by current owners since built in 2011, this home is impeccable and extremely well maintained. Features include, IMPACT GLASS WINDOWS, water purification and softener system throughout the home including Refrigerator and all faucets! NEST SMART HOME A/C THERMOSTAT and security system to use with Alexa/Google devices. All the appliances including washer and dryer are in excellent condition. Beautiful 42'' wood cabinets in kitchen with lovely granite and back splash. Upgraded bathrooms & extended mbr shower. Backyard features a lovely patio and rock garden & lush landscaping for privacy in addition the large covered front porch features a view of the beautiful lake where you can sit for hours enjoying the balmy breezes.

12. 2020-12-01
    status Pending 745-char remark

    Show marketing remark (745 chars)

    Owned by current owners since built in 2011, this home is impeccable and extremely well maintained. Features include, IMPACT GLASS WINDOWS, water purification and softener system throughout the home including Refrigerator and all faucets! NEST SMART HOME A/C THERMOSTAT and security system to use with Alexa/Google devices. All the appliances including washer and dryer are in excellent condition. Beautiful 42'' wood cabinets in kitchen with lovely granite and back splash. Upgraded bathrooms & extended mbr shower. Backyard features a lovely patio and rock garden & lush landscaping for privacy in addition the large covered front porch features a view of the beautiful lake where you can sit for hours enjoying the balmy breezes.

13. 2020-10-01
    historical Active Under Contract 745-char remark

    Show marketing remark (745 chars)

    Owned by current owners since built in 2011, this home is impeccable and extremely well maintained. Features include, IMPACT GLASS WINDOWS, water purification and softener system throughout the home including Refrigerator and all faucets! NEST SMART HOME A/C THERMOSTAT and security system to use with Alexa/Google devices. All the appliances including washer and dryer are in excellent condition. Beautiful 42'' wood cabinets in kitchen with lovely granite and back splash. Upgraded bathrooms & extended mbr shower. Backyard features a lovely patio and rock garden & lush landscaping for privacy in addition the large covered front porch features a view of the beautiful lake where you can sit for hours enjoying the balmy breezes.

14. 2020-09-25
    listed $359,500 Active 745-char remark

    Show marketing remark (745 chars)

    Owned by current owners since built in 2011, this home is impeccable and extremely well maintained. Features include, IMPACT GLASS WINDOWS, water purification and softener system throughout the home including Refrigerator and all faucets! NEST SMART HOME A/C THERMOSTAT and security system to use with Alexa/Google devices. All the appliances including washer and dryer are in excellent condition. Beautiful 42'' wood cabinets in kitchen with lovely granite and back splash. Upgraded bathrooms & extended mbr shower. Backyard features a lovely patio and rock garden & lush landscaping for privacy in addition the large covered front porch features a view of the beautiful lake where you can sit for hours enjoying the balmy breezes.

15. 2020-09-20
    historical $359,500 745-char remark

    Show marketing remark (745 chars)

    Owned by current owners since built in 2011, this home is impeccable and extremely well maintained. Features include, IMPACT GLASS WINDOWS, water purification and softener system throughout the home including Refrigerator and all faucets! NEST SMART HOME A/C THERMOSTAT and security system to use with Alexa/Google devices. All the appliances including washer and dryer are in excellent condition. Beautiful 42'' wood cabinets in kitchen with lovely granite and back splash. Upgraded bathrooms & extended mbr shower. Backyard features a lovely patio and rock garden & lush landscaping for privacy in addition the large covered front porch features a view of the beautiful lake where you can sit for hours enjoying the balmy breezes.

ⓘ 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: $4,862 · $405/mo
• Projected year-2 tax: $4,862 · $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 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 23 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: $40,066
• − Mortgage interest: −$29,122
• − Property taxes: −$4,862
• − Insurance: −$2,600
• − Repairs & maintenance: −$3,205
• − Management: −$3,205
• − HOA: −$2,580
• − Depreciation: −$15,124
• Taxable loss: −$20,633
• Est. tax savings @ 24.0%: +$4,952
• After-tax cash flow: $-6,155/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

• 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

+44.6% since first listed

9 events — show timeline

• 2026-05-15 Price Changed $519,900 Beaches MLS
• 2026-03-27 Listed $529,000 Beaches MLS
• 2020-12-11 Sold (Public Records) $352,500 Public Records
• 2020-12-11 Sold (Public Records) $352,500 Public Records
• 2020-12-07 Sold (MLS) $352,500 Beaches MLS
• 2020-12-01 Pending — Beaches MLS
• 2020-10-01 Contingent — Beaches MLS
• 2020-09-25 Listed $359,500 Beaches MLS
• 2020-09-20 Coming Soon $359,500 Beaches MLS

Property tax history

+27.0%/yr

Latest (2025): $4,862 · +3.1% YoY. Source: county tax records.