14364 Larkspur Ln · Wellington, FL 33414

$749,000

4 bd · 2.0 ba · 2,670 sqft · SingleFamily public records · 43 Days on market

Built 1987 9,583 sqft lot

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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 +12.6/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• DSCR +3.8/10.0
• Livability +3.7/5.0
• Rent growth +3.1/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Traditional floorplan with 4 incredibly large BR's! Large lot w/ mature trees. All kitchen appliances are GE Profile new in 2006. This home is in pristine condition. Zoned for Binks Forest Elementary. Garage door replaced with hurricane code door. Nice park around the corner!

Key facts

• Quartz countertops
• Upgraded kitchen
• 9,583 sq ft lot

Tags

• FULLY FENCED BACKYARD
• LARGE COVERED SCREENED PATIO
• UPGRADED KITCHEN
• STAINLESS STEEL APPLIANCES
• QUARTZ COUNTERTOPS
• REAL WOOD BURNING FIREPLACE

Property features AI

Exterior

• Parking: Attached 2-car garage; Covered parking for 2; 4 open parking spaces; Driveway; On-street parking
• Utilities: Public water; Public sewer; Cable available; Electricity available
• Home design: Single family residence; Two stories; Resale; Faces northeast
• Construction: Wood siding; Shingle roof
• Exterior features: Covered patio; Screened patio; Patio; Fenced yard (full, wood); Room for pool; Oversized lot; Paved road access; Not waterfront

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric cooktop; Electric water heater; Water softener (owned)
• Bedrooms: No main-level bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms and 1 half bathroom (3 total)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closets; Wood-burning fireplace
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $749k.

Deal economics

• At list price, monthly cash flow is $-90 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $733k (2.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $580k (22.5% below list).
• Recommended offer: $580k (22.5% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.4% in Wellington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#294 in FL, #4,986 nationally) — 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: Binks Forest Elementary School (math 85% / reading 85%, grade A+, #35 of 2,144 statewide, top 2%, 1,147 students, 18% FRL); Wellington Landings Middle (math 70% / reading 72%, grade A, #59 of 571 statewide, top 11%, 1,230 students, 29% FRL); Wellington High School (math 57% / reading 65%, grade C+, #102 of 667 statewide, top 15%, 2,688 students, 29% FRL) — zoned schools average 25% FRL vs 52% district-wide (27 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 72% at this address vs 50% district-wide (+23 pts) — the actual schools serving this property are materially stronger than the Palm Beach average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.3%/yr); 621 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• At $5,801/mo this rent would consume 62% of the median local household income ($112k/yr) (locally 1566% 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 $5k of loan paydown is wiped out by about $22k 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 43 days — a 3% lower offer ($727k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 15y 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 $210k; list at $749k implies a 257% 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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $580,101 (22.5% 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 43 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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. 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.
7. 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.
8. 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: 0.77% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.52%
• DSCR: 0.98
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.31% rent growth · sell at horizon

5-year hold

• IRR: -17.9%
• Equity multiple: 0.37×
• Total profit: $-131,329
• Equity at exit: $111,678

10-year hold

• IRR: -11.4%
• Equity multiple: 0.34×
• Total profit: $-138,833
• Equity at exit: $64,760

Cash invested: $209,720 (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 33414

• Home prices YoY: -30.2%
• Rents YoY: 2.3%
• Active inventory: 621
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $5,801 high
• Mortgage (P&I): −$3,928
• Tax from tax record: −$433 /mo · $5,195/yr
• Insurance: −$312
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,218
• Net cashflow: $-90

Break-even live

Break-even rent $5,915

Max offer price $733,089

Occupancy floor 97%

Sensitivity live

Price	-10% $334	-5% $122	+0% $-90	+5% $-302	+10% $-514
Rent	-10% $-548	-5% $-319	+0% $-90	+5% $139	+10% $368
Rate	-1.0pp $287	-0.5pp $100	base $-90	+0.5pp $-284	+1.0pp $-482

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: $187,250
• Closing costs: $22,470
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14507 Larkspur Ln Wellington, FL	3.0	2.0	2797	$3,200	$1.14	26d	1	0.14mi
14616 Autumn Ave Wellington, FL	3.0	2.0	2039	$3,500	$1.72	23d	1	0.26mi
756 Juniper Pl Wellington, FL	3.0	2.0	1753	$3,900	$2.22	26d	1	0.27mi
14148 Paddock Dr Wellington, FL	3.0	2.0	2140	$7,500	$3.50	26d	1	0.28mi
1094 Raintree Ln Wellington, FL	3.0	2.0	1833	$3,200	$1.75	9d	1	0.29mi
14044 Aster Ave Wellington, FL	4.0	3.0	2370	$7,500	$3.16	26d	1	0.31mi
14040 Paddock Dr Wellington, FL	3.0	2.0	2168	$4,500	$2.08	26d	1	0.36mi
14816 Stirrup Ln Wellington, FL	5.0	4.0	3332	$13,500	$4.05	26d	1	0.37mi
900 Cosmos Ct Wellington, FL	3.0	2.0	2174	$5,400	$2.48	26d	1	0.49mi
13880 Paddock Dr Wellington, FL	3.0	2.0	1768	$3,150	$1.78	26d	1	0.52mi
13684 Exotica Ln Wellington, FL	4.0	2.5	2422	$4,500	$1.86	26d	1	0.59mi
13781 Barberry Dr Wellington, FL	3.0	2.0	1880	$8,500	$4.52	26d	1	0.60mi
13647 Barberry Dr Wellington, FL	4.0	2.5	2421	$7,000	$2.89	26d	1	0.74mi
14780 Horseshoe Trce Wellington, FL	4.0	4.0	3333	$14,750	$4.43	13d	1	0.76mi
856 Forest Glen Ln Wellington, FL	4.0	4.0	3280	$15,500	$4.73	26d	1	0.78mi
1500 Firethorn Dr Wellington, FL	4.0	3.0	2500	$8,500	$3.40	26d	1	0.79mi
1480 Hollyhock Rd Wellington, FL	3.0	2.0	2000	$4,750	$2.38	26d	1	0.79mi
1438 Hawthorne Pl Wellington, FL	4.0	3.0	1750	$2,950	$1.69	26d	1	0.80mi
1436 Hawthorne Pl Wellington, FL	3.0	3.0	1750	$2,750	$1.57	26d	1	0.80mi
1521 Snapdragon Dr Wellington, FL	3.0	2.5	1894	$7,500	$3.96	26d	1	0.82mi
1532 Primrose Ln Wellington, FL	4.0	2.0	1829	$6,500	$3.55	26d	1	0.82mi
542 Indigo Ave Wellington, FL	3.0	2.0	1830	$4,200	$2.30	7d	1	0.85mi
1029 Staghorn St Wellington, FL	4.0	2.0	2000	$3,000	$1.50	18d	1	0.86mi
13984 Morning Glory Dr Wellington, FL	3.0	2.5	2976	$2,600	$0.87	12d	1	0.93mi
13557 Northumberland Cir Wellington, FL	5.0	3.5	2821	$7,000	$2.48	23d	1	0.93mi
15073 Oak Chase Ct Wellington, FL	4.0	2.5	2490	$5,500	$2.21	20d	1	0.94mi
13484 Jonquil Ct Wellington, FL	4.0	2.0	2383	$4,500	$1.89	9d	1	0.95mi
13484 Jonquil Ct Wellington, FL	4.0	2.0	2383	$4,500	$1.89	18d	1	0.95mi
13986 Morning Glory Dr Unit 13986 Wellington, FL	3.0	2.5	2976	$2,600	$0.87	12d	1	0.95mi
1212 Mulberry Pl Wellington, FL	4.0	2.5	2500	$4,200	$1.68	12d	1	1.00mi
1212 Mulberry Pl Wellington, FL	4.0	2.5	2500	$3,950	$1.58	0d	1	1.00mi
13590 Callington Dr Wellington, FL	4.0	2.5	2020	$4,500	$2.23	3d	1	1.02mi
13646 Callington Dr Wellington, FL	5.0	4.0	3100	$13,000	$4.19	16d	1	1.10mi
13646 Callington Dr Wellington, FL	5.0	4.0	3100	$13,000	$4.19	26d	1	1.10mi
15495 Rolling Meadows Cir Wellington, FL	4.0	3.0	2757	$7,000	$2.54	26d	1	1.10mi
13710 Callington Dr Wellington, FL	4.0	3.0	2855	$5,000	$1.75	26d	1	1.12mi
1840 Hollyhock Rd Wellington, FL	3.0	2.0	2000	$4,750	$2.38	26d	1	1.15mi
1123 Northumberland Ct Wellington, FL	5.0	3.0	2487	$6,000	$2.41	26d	1	1.16mi
15515 Whispering Willow Dr Wellington, FL	4.0	3.0	2547	$7,250	$2.85	1d	1	1.18mi
1782 Clydesdale Ave Wellington, FL	4.0	3.0	3449	$5,800	$1.68	26d	1	1.19mi

Listing history 7 events

1. 2026-04-21
   price $749,000
2. 2026-04-11
   listed $779,000 Active
3. 2012-05-02
   soldstatus $210,000
4. 2012-04-20
   soldstatus $210,000 276-char remark

   Show marketing remark (276 chars)

   Traditional floorplan with 4 incredibly large BR's! Large lot w/ mature trees. All kitchen appliances are GE Profile new in 2006. This home is in pristine condition. Zoned for Binks Forest Elementary. Garage door replaced with hurricane code door. Nice park around the corner!

5. 2012-04-06
   historical 276-char remark

   Show marketing remark (276 chars)

   Traditional floorplan with 4 incredibly large BR's! Large lot w/ mature trees. All kitchen appliances are GE Profile new in 2006. This home is in pristine condition. Zoned for Binks Forest Elementary. Garage door replaced with hurricane code door. Nice park around the corner!

6. 2011-07-13
   listed $239,900 276-char remark

   Show marketing remark (276 chars)

   Traditional floorplan with 4 incredibly large BR's! Large lot w/ mature trees. All kitchen appliances are GE Profile new in 2006. This home is in pristine condition. Zoned for Binks Forest Elementary. Garage door replaced with hurricane code door. Nice park around the corner!

7. 1985-11-01
   soldstatus $18,700

ⓘ 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: $5,195 · $433/mo
• Projected year-2 tax: $6,217 · $518/mo
• Expected delta: +$1,021/yr (+$85/mo · 19.7%)

ⓘ 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 ≥108°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $69,612
• − Mortgage interest: −$41,956
• − Property taxes: −$5,195
• − Insurance: −$3,745
• − Repairs & maintenance: −$5,569
• − Management: −$5,569
• − Depreciation: −$21,789
• Taxable loss: −$14,211
• Est. tax savings @ 24.0%: +$3,411
• After-tax cash flow: $2,330/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 — Wellington

• Score: 73/100
• State rank: #294
• US rank: #4986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wellington, FL
• County: Palm Beach County · 1,438,312 people
• City population: 60,184
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 60,184
• Household income: $112,241
• Rent vs Own: 26.1% rent · 73.9% own
• Severe rent burden: 1566.0

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: White 47% Hispanic / Latino 29% Two or more races 20% Black 13% Asian 6%
• Hispanic origin (detail): Mexican 4% Puerto Rican 5% Cuban 6% Dominican 1% Salvadoran 1%
• Common ancestry: Hispanic 4% Romanian 3% Lithuanian 2%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 67% English-only · Spanish 23% French/Haitian/Cajun 3% Other Indo-European 3%

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: ▼ -152.58%
• Current HPI: 352.9366
• Rent YoY: ▲ 2.31%
• 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

+3905.3% since first listed

7 events — show timeline

• 2026-04-21 Price Changed $749,000 Beaches MLS
• 2026-04-11 Listed $779,000 Beaches MLS
• 2012-05-02 Sold (Public Records) $210,000 Public Records
• 2012-04-20 Sold (MLS) $210,000 Beaches MLS
• 2012-04-06 Listing Removed — Beaches MLS
• 2011-07-13 Listed $239,900 Beaches MLS
• 1985-11-01 Sold (Public Records) $18,700 Public Records

Property tax history

+3.0%/yr

Latest (2025): $5,195 · +3.5% YoY. Source: county tax records.