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1125 Lake Shore Dr #202 🌊 Lakefront
D Composite 42.1
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 +10.9/30.0
  • ARV discount +7.5/15.0
  • 1% rule +6.5/10.0
  • Schools +4.3/10.0
  • Rent growth +4.0/5.0
  • Livability +3.4/5.0
  • DSCR +3.2/10.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$349,900

1125 Lake Shore Dr #202 · Lake Park, FL 33403
2 bd · 2.0 ba · 1,206 sqft · Condo public records · 73 Days on market
Built 1989 $850/mo HOA · 21% of rent

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

2/2 unit on the intracoastal. Dock/seawall special assessment has been paid in full! Hurricane impact windows and door throughout. The community is well located, close to restaurants and shopping. Waterfront living at the best value. Must see.

Key facts

  • Tile floors
  • Private balcony
  • Updated kitchen

Tags

PRIVATE BALCONYUPDATED KITCHENTILE FLOORSOPEN GREAT ROOM

Property features AI

Finance

  • Other: Pets allowed with restrictions (breed restrictions/possible pet restrictions); Community contains about 220 units
  • Financial info: Monthly association fee: 850
  • HOA & community: Bay Reach Condo Association (monthly HOA fee); HOA fee covers insurance, grounds maintenance, pest control, security, trash, and common real estate tax; Association amenities include clubhouse, fitness center, game room, business center, community room, private beach pavilion, picnic area, parking, manager on site, street lights, and onsite management

Exterior

  • Parking: Assigned parking (1 open/total space)
  • Security: Gated community (no guard)
  • Utilities: Public water; Public sewer; Cable available; Water and sewer available
  • Home design: Condominium; Two-story building; Entry on level 2; Faces south; Resale property; Living area approximately 1,206
  • Construction: Concrete construction; Barrel roof
  • Exterior features: Intracoastal waterfront

Interior

  • Kitchen: Dishwasher; Microwave; Refrigerator
  • Bedrooms: One bedroom on the main level
  • Flooring: Carpet; Ceramic tile
  • Bathrooms: Two full bathrooms (one on the main level)
  • Heating & cooling: Central electric heating; Central electric cooling (Central Air)
  • Interior features: Cathedral ceilings; Vaulted ceilings; Unfurnished
  • Laundry & utility: Inside laundry

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $350k.

Deal economics

  • At list price, monthly cash flow is $-222 ($-3k/yr) — negative.
  • To cash-flow at today's rent, offer at most $311k (11.2% below list).
  • Meets the 1% rule at list price ($4k rent vs $350k).
  • Recommended offer: $311k (11.2% below list) — sets the bar for cash-flow.

Location & tenants

  • Location reads 67/100 on livability (#542 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A-; Watch: crime F, 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: Lake Park Elementary School (math 57% / reading 62%, grade B-, #690 of 2,144 statewide, top 34%, 389 students, 83% 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 schools average 74% FRL vs 52% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising fast (+6.0%/yr); 134 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
  • At $4,010/mo this rent would consume 68% of the median local household income ($71k/yr) (locally 903% 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 $10k 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

  • It's been on market 73 days — a 6% lower offer ($329k) is reasonable based on typical stale-listing flexibility.
  • 7 sale attempts since 18y 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

  • Watch-outs: flood insurance adds $66/mo; HOA is 21% of rent.
  • Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $310,710 (11.2% 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 73 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. 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?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. 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?
  9. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  10. 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?
  11. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
  12. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
  13. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
  14. 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.
  15. 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.

Investment metrics

1% rule
1.15%
Cap rate
5.76%
Cash-on-cash
-1.90%
DSCR
0.92
GRM
7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.97% rent growth · sell at horizon

5-year hold
IRR
-16.0%
Equity multiple
0.41×
Total profit
$-57,833
Equity at exit
$52,171
10-year hold
IRR
-1.5%
Equity multiple
0.88×
Total profit
$-12,068
Equity at exit
$30,253

Cash invested: $97,972 (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.

ZIP-level market 33403

Home prices YoY
-19.6%
Rents YoY
6.0%
Active inventory
134
Price-to-rent
7.3×

Monthly cashflow live

Estimated rent
$4,010 high interval (Pro) →
Mortgage (P&I)
$1,835
Tax from tax record
$492 /mo · $5,908/yr
Insurance
$146
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$850
Vacancy / Maint / Mgmt
$842
Net cashflow
$-222

Break-even live

Break-even rent $4,291
Max offer price $310,710
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
$87,475
Closing costs
$10,497
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1155 Lake Shore Dr #202 West Palm Beach, FL 2.0 2.0 1206 $4,750 $3.94 24d 1 0.09mi
1060 Lake Shore Dr #201 West Palm Beach, FL 2.0 2.0 1206 $3,850 $3.19 19d 1 0.09mi
913 Lake Shore Dr Lake Park, FL 1.0–2.0 1.0–2.0 1066 $3,731 $3.50 2d 9 0.13mi
301 Hawthorne Dr West Palm Beach, FL 3.0 2.0 1402 $3,200 $2.28 24d 1 0.39mi
301 Lake Shore Dr #802 West Palm Beach, FL 2.0 2.0 1316 $3,000 $2.28 24d 1 0.51mi
220 Lake Shore Dr Lake Park, FL 1.0–3.0 1.5–3.5 1575 $14,498 $9.20 5d 18 0.61mi
522 Eastwind Dr North Palm Beach, FL 2.0 2.0 948 $3,995 $4.21 24d 1 0.69mi
524 Eastwind Dr Unit 524 North Palm Beach, FL 2.0 1.0 774 $3,995 $5.16 24d 1 0.69mi
526 Eastwind Dr Unit 526 North Palm Beach, FL 2.0 1.0 840 $3,995 $4.76 24d 1 0.70mi
549 Fairwind Dr North Palm Beach, FL 3.0 2.0 1498 $5,000 $3.34 24d 1 0.85mi
308 Southwind Ct Unit 8 North Palm Beach, FL 2.0 2.0 1100 $2,900 $2.64 24d 1 0.88mi
624 Southwind Cir #2 North Palm Beach, FL 2.0 2.0 718 $3,750 $5.22 24d 1 1.01mi
624 Southwind Cir Apt 4 North Palm Beach, FL 3.0 2.0 1134 $4,750 $4.19 24d 1 1.01mi
624 Southwind Cir Unit 3 North Palm Beach, FL 3.0 3.0 1316 $5,500 $4.18 24d 1 1.01mi
429 Inlet Rd North Palm Beach, FL 3.0 2.5 1452 $6,500 $4.48 24d 1 1.04mi
1030 Sugar Sands Blvd #171 Riviera Beach, FL 2.0 2.0 1143 $5,000 $4.37 24d 1 1.13mi
410 Wilma Cir #103 Riviera Beach, FL 2.0 2.0 1056 $4,000 $3.79 15d 1 1.15mi
1025 Sugar Sands Blvd #159 Riviera Beach, FL 1.0 1.0 987 $4,200 $4.26 24d 1 1.15mi
400 Wilma Cir #309 Riviera Beach, FL 1.0 1.0 818 $4,000 $4.89 5d 1 1.16mi
1050 Sugar Sands Blvd #174 Riviera Beach, FL 3.0 2.0 1490 $5,500 $3.69 24d 1 1.17mi
855 Date Palm Dr West Palm Beach, FL 3.0 3.0 1216 $3,150 $2.59 24d 1 1.17mi
901 W 37th St Riviera Beach, FL 3.0 1.0 900 $2,895 $3.22 24d 1 1.20mi
5400 N Ocean Dr Riviera Beach, FL 2.0 2.0 1375 $5,450 $3.96 5d 3 1.21mi
5400 N Ocean Dr Riviera Beach, FL 1.0–2.0 1.0–2.0 1300 $6,500 $5.00 22d 3 1.21mi
5420 N Ocean Dr Riviera Beach, FL 2.0 2.0 1371 $5,000 $3.65 8d 4 1.22mi
5420 N Ocean Dr Riviera Beach, FL 2.0 2.0 1371 $4,725 $3.45 15d 5 1.22mi
5440 N Ocean Dr Riviera Beach, FL 2.0 2.0 1400 $5,675 $4.05 1d 7 1.22mi
5440 N Ocean Dr Riviera Beach, FL 2.0 2.0 1400 $5,325 $3.80 20d 6 1.22mi
5480 N Ocean Dr Unit B2A Riviera Beach, FL 2.0 2.0 1330 $4,750 $3.57 24d 1 1.23mi
5480 N Ocean Dr Unit A10C Riviera Beach, FL 2.0 2.0 1330 $5,500 $4.14 24d 1 1.23mi
5510 N Ocean Dr Unit 2C Riviera Beach, FL 2.0 2.0 1435 $7,995 $5.57 24d 1 1.26mi
5550 N Ocean Dr Riviera Beach, FL 2.0 2.0 1435 $9,000 $6.27 24d 1 1.27mi
5540 N Ocean Dr Unit 7A Riviera Beach, FL 2.0 2.0 1435 $7,000 $4.88 24d 1 1.29mi
5540 N Ocean Dr Unit 7B Riviera Beach, FL 2.0 2.0 1435 $5,000 $3.48 24d 1 1.29mi
1260 Manor Dr Riviera Beach, FL 2.0 2.0 1230 $4,500 $3.66 21d 1 1.29mi
4200 N Ocean Dr Unit 2-101 Riviera Beach, FL 2.0 2.0 1400 $3,000 $2.14 15d 1 1.31mi
520 W 28th St Riviera Beach, FL 3.0 1.0 1296 $6,000 $4.63 3d 1 1.34mi
4200 N Ocean Dr Unit 2-405 Riviera Beach, FL 2.0 2.0 1432 $5,850 $4.09 24d 1 1.35mi
4200 N Ocean Dr Unit 2-506 Riviera Beach, FL 2.0 2.0 1210 $6,000 $4.96 24d 1 1.35mi
4200 N Ocean Dr Unit 2-605 Riviera Beach, FL 2.0 2.0 1432 $6,100 $4.26 24d 1 1.35mi

HOA detail condo

Monthly dues
$850 · $10,200/yr
Likely covers
water
⚠ Special-assessment mentions

2/2 unit on the intracoastal. Dock/seawall special assessment has been paid in full! Hurricane impact windows and door throughout. The community is well located, close to…

Listing history 34 events

  1. 2026-06-18
    days on market $349,900 Active 73 DOM
  2. 2026-06-17
    days on market $349,900 Active 72 DOM
  3. 2026-06-16
    days on market $349,900 Active 71 DOM
  4. 2026-06-15
    days on market $349,900 Active 70 DOM
  5. 2026-06-13
    days on market $349,900 Active 68 DOM
  6. 2026-06-09
    days on market $349,900 Active 64 DOM
  7. 2026-06-08
    days on market $349,900 Active 63 DOM
  8. 2026-06-07
    days on market $349,900 Active 62 DOM
  9. 2026-06-04
    days on market $349,900 Active 59 DOM
  10. 2026-06-03
    days on market $349,900 Active 58 DOM
  11. 2026-06-02
    days on market $349,900 Active 57 DOM
  12. 2026-06-01
    days on market $349,900 Active 56 DOM
  13. 2026-05-31
    days on market $349,900 Active 55 DOM
  14. 2026-04-04
    listed $349,900 Active
  15. 2022-09-06
    soldstatus $313,800
  16. 2022-08-26
    soldstatus $313,800 Closed 244-char remark
    Show marketing remark (244 chars)

    2/2 unit on the intracoastal. Dock/seawall special assessment has been paid in full! Hurricane impact windows and door throughout. The community is well located, close to restaurants and shopping. Waterfront living at the best value. Must see.

  17. 2022-07-26
    historical Active Under Contract 244-char remark
    Show marketing remark (244 chars)

    2/2 unit on the intracoastal. Dock/seawall special assessment has been paid in full! Hurricane impact windows and door throughout. The community is well located, close to restaurants and shopping. Waterfront living at the best value. Must see.

  18. 2022-06-22
    listed $349,000 Active 244-char remark
    Show marketing remark (244 chars)

    2/2 unit on the intracoastal. Dock/seawall special assessment has been paid in full! Hurricane impact windows and door throughout. The community is well located, close to restaurants and shopping. Waterfront living at the best value. Must see.

  19. 2017-08-04
    soldstatus $155,000
  20. 2017-08-03
    soldstatus $155,000 Closed 707-char remark
    Show marketing remark (707 chars)

    Highly desired two story large condo in Bay Reach ON CANAL WITH INTRACOASTAL VIEWS!!! This waterfront condo is located in quiet boutique gated community with resort style pool and clubhouse with absolutelly stunning views of intracoastal and Singer Island. Relax on your private balcony overlooking boats going by and enjoy morning sunrises. The unit has updated kitchen cabinets and newer appliances, new A/C unit and waterheater. Living room with two story ceiling, large master bedroom with vaulted ceilings on second level with walk in closet. Unit was just freshly painted. Ready for new owner to move in. HOA recently changed roofs and no assessments are due or pending. Aggressively priced to sell!!!

  21. 2017-07-25
    status Pending 707-char remark
    Show marketing remark (707 chars)

    Highly desired two story large condo in Bay Reach ON CANAL WITH INTRACOASTAL VIEWS!!! This waterfront condo is located in quiet boutique gated community with resort style pool and clubhouse with absolutelly stunning views of intracoastal and Singer Island. Relax on your private balcony overlooking boats going by and enjoy morning sunrises. The unit has updated kitchen cabinets and newer appliances, new A/C unit and waterheater. Living room with two story ceiling, large master bedroom with vaulted ceilings on second level with walk in closet. Unit was just freshly painted. Ready for new owner to move in. HOA recently changed roofs and no assessments are due or pending. Aggressively priced to sell!!!

  22. 2017-07-23
    status Active 707-char remark
    Show marketing remark (707 chars)

    Highly desired two story large condo in Bay Reach ON CANAL WITH INTRACOASTAL VIEWS!!! This waterfront condo is located in quiet boutique gated community with resort style pool and clubhouse with absolutelly stunning views of intracoastal and Singer Island. Relax on your private balcony overlooking boats going by and enjoy morning sunrises. The unit has updated kitchen cabinets and newer appliances, new A/C unit and waterheater. Living room with two story ceiling, large master bedroom with vaulted ceilings on second level with walk in closet. Unit was just freshly painted. Ready for new owner to move in. HOA recently changed roofs and no assessments are due or pending. Aggressively priced to sell!!!

  23. 2017-07-18
    historical Contingent 707-char remark
    Show marketing remark (707 chars)

    Highly desired two story large condo in Bay Reach ON CANAL WITH INTRACOASTAL VIEWS!!! This waterfront condo is located in quiet boutique gated community with resort style pool and clubhouse with absolutelly stunning views of intracoastal and Singer Island. Relax on your private balcony overlooking boats going by and enjoy morning sunrises. The unit has updated kitchen cabinets and newer appliances, new A/C unit and waterheater. Living room with two story ceiling, large master bedroom with vaulted ceilings on second level with walk in closet. Unit was just freshly painted. Ready for new owner to move in. HOA recently changed roofs and no assessments are due or pending. Aggressively priced to sell!!!

  24. 2017-06-23
    price $174,900 707-char remark
    Show marketing remark (707 chars)

    Highly desired two story large condo in Bay Reach ON CANAL WITH INTRACOASTAL VIEWS!!! This waterfront condo is located in quiet boutique gated community with resort style pool and clubhouse with absolutelly stunning views of intracoastal and Singer Island. Relax on your private balcony overlooking boats going by and enjoy morning sunrises. The unit has updated kitchen cabinets and newer appliances, new A/C unit and waterheater. Living room with two story ceiling, large master bedroom with vaulted ceilings on second level with walk in closet. Unit was just freshly painted. Ready for new owner to move in. HOA recently changed roofs and no assessments are due or pending. Aggressively priced to sell!!!

  25. 2017-06-09
    price $189,000 707-char remark
    Show marketing remark (707 chars)

    Highly desired two story large condo in Bay Reach ON CANAL WITH INTRACOASTAL VIEWS!!! This waterfront condo is located in quiet boutique gated community with resort style pool and clubhouse with absolutelly stunning views of intracoastal and Singer Island. Relax on your private balcony overlooking boats going by and enjoy morning sunrises. The unit has updated kitchen cabinets and newer appliances, new A/C unit and waterheater. Living room with two story ceiling, large master bedroom with vaulted ceilings on second level with walk in closet. Unit was just freshly painted. Ready for new owner to move in. HOA recently changed roofs and no assessments are due or pending. Aggressively priced to sell!!!

  26. 2017-04-11
    price $189,900 707-char remark
    Show marketing remark (707 chars)

    Highly desired two story large condo in Bay Reach ON CANAL WITH INTRACOASTAL VIEWS!!! This waterfront condo is located in quiet boutique gated community with resort style pool and clubhouse with absolutelly stunning views of intracoastal and Singer Island. Relax on your private balcony overlooking boats going by and enjoy morning sunrises. The unit has updated kitchen cabinets and newer appliances, new A/C unit and waterheater. Living room with two story ceiling, large master bedroom with vaulted ceilings on second level with walk in closet. Unit was just freshly painted. Ready for new owner to move in. HOA recently changed roofs and no assessments are due or pending. Aggressively priced to sell!!!

  27. 2016-11-21
    listed $200,000 Active 707-char remark
    Show marketing remark (707 chars)

    Highly desired two story large condo in Bay Reach ON CANAL WITH INTRACOASTAL VIEWS!!! This waterfront condo is located in quiet boutique gated community with resort style pool and clubhouse with absolutelly stunning views of intracoastal and Singer Island. Relax on your private balcony overlooking boats going by and enjoy morning sunrises. The unit has updated kitchen cabinets and newer appliances, new A/C unit and waterheater. Living room with two story ceiling, large master bedroom with vaulted ceilings on second level with walk in closet. Unit was just freshly painted. Ready for new owner to move in. HOA recently changed roofs and no assessments are due or pending. Aggressively priced to sell!!!

  28. 2011-07-20
    soldstatus $86,000
  29. 2011-06-17
    historical
  30. 2011-05-18
    listed $69,900
  31. 2011-05-12
    historical
  32. 2008-08-25
    listed $119,900
  33. 2008-08-04
    historical
  34. 2008-02-01
    listed $189,000

ⓘ 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
$5,908 · $492/mo
Projected year-2 tax
$5,908 · $492/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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
  • 🔥 Wildfire 3/10 Moderate
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 26 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$48,117
− Mortgage interest
−$19,600
− Property taxes
−$5,908
− Insurance
−$2,547
− Repairs & maintenance
−$3,849
− Management
−$3,849
− HOA
−$10,200
− Depreciation
−$10,179
Taxable loss
−$8,016
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,924
After-tax cash flow
$-738/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 — Lake Park

Score
67/100
State rank
#542
US rank
#10167

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Lake Park, FL
County
Palm Beach County · 1,438,312 people
City population
14,370
Metro
Miami-Fort Lauderdale-Pompano Beach, FL
Population (ZIP)
14,370
Household income
$70,646
Rent vs Own
52.8% rent · 47.2% own
Severe rent burden
903.0

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 0.67)
Race & ethnicity
Black 46% White 31% Hispanic / Latino 17% Two or more races 12% Asian 2%
Hispanic origin (detail)
Mexican 3% Puerto Rican 4% Cuban 5%
Common ancestry
Hispanic 15% Italian 2% Romanian 1%
Foreign-born
26% · Canada, China, Jamaica
Languages at home
69% English-only · French/Haitian/Cajun 17% Spanish 12% Chinese 1%

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
▼ -112.30%
Current HPI
461.4045
Rent YoY
▲ 5.97%
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

Price history

+85.1% since first listed
21 events — show timeline
  • 2026-04-04 Listed $349,900 Beaches MLS
  • 2022-09-06 Sold (Public Records) $313,800 Public Records
  • 2022-08-26 Sold (MLS) $313,800 Beaches MLS
  • 2022-07-26 Contingent Beaches MLS
  • 2022-06-22 Listed $349,000 Beaches MLS
  • 2017-08-04 Sold (Public Records) $155,000 Public Records
  • 2017-08-03 Sold (MLS) $155,000 Beaches MLS
  • 2017-07-25 Pending Beaches MLS
  • 2017-07-23 Relisted Beaches MLS
  • 2017-07-18 Contingent Beaches MLS
  • 2017-06-23 Price Changed $174,900 Beaches MLS
  • 2017-06-09 Price Changed $189,000 Beaches MLS
  • 2017-04-11 Price Changed $189,900 Beaches MLS
  • 2016-11-21 Listed $200,000 Beaches MLS
  • 2011-07-20 Sold (MLS) $86,000 Beaches MLS
  • 2011-06-17 Listing Removed Beaches MLS
  • 2011-05-18 Listed $69,900 Beaches MLS
  • 2011-05-12 Listing Removed Beaches MLS
  • 2008-08-25 Listed $119,900 Beaches MLS
  • 2008-08-04 Listing Removed Beaches MLS
  • 2008-02-01 Listed $189,000 Beaches MLS

Property tax history

+6.9%/yr

Latest (2025): $5,908 · -6.8% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…