11011 Legacy Ln #105 · Palm Beach Gardens, FL 33410

$379,900

2 bd · 2.0 ba · 1,345 sqft · Condo public records · 124 Days on market

Built 2003 $570/mo HOA · 15% 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).

• Cash flow +10.5/30.0
• ARV discount +7.5/15.0
• 1% rule +4.8/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +3.1/5.0
• DSCR +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

YES! You can have it all...Welcome to your piece of paradise. Modern and meticulous, this builder's model, 2 bedroom 2 bathroom condo features the ease of 1st floor access within the security of a gated community. This unit has eastern and southern exposure for great light in the morning and shade in the afternoon, not to mention lower electric bills. Enjoy afternoons and evenings on the only private patio in the development. Marble floors, granite countertops, stainless steel appliances, custom closets and many more upgrades. Easy install hurricane shutters. Your own oasis in the heart of Palm Beach Gardens, close to the beach, shopping, restaurants, I-95 and the Turnpike. Enjoy the sunsets as you are steps away from the beautiful pool, spa, gym and grill area.

Key facts

• Updated appliances
• Spa
• En-suite bath

Tags

• UPDATED APPLIANCES
• PRIVATE SECLUDED BACK PORCH
• LARGE WALK-IN CLOSET
• EN-SUITE BATH
• FULL-SIZE LAUNDRY AREA
• SPA

Property features AI

Finance

• HOA & community: HOA with monthly fee; Community amenities: fitness center, pool, tennis courts, sidewalks

Exterior

• Parking: 1 open parking space
• Utilities: No utilities listed
• Home design: Condominium; Resale condition; Faces east; 3-story building; Entry level unit (main level)
• Construction: Brick and CBS construction
• Exterior features: No waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fans
• Interior features: Walk-in closets; Unfurnished

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $380k.

Deal economics

• At list price, monthly cash flow is $-196 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $345k (9.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $373k (1.8% below list).
• Recommended offer: $334k (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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).
• At $3,732/mo this rent would consume 47% 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 $3k of loan paydown is wiped out by about $11k 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 124 days — a 12% lower offer ($334k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago; this cycle's ask is 15729% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $265k; 43% 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 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $334,312 (12.0% 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 124 days. Have you received any prior offers? Is the seller open to a 12% 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. 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. 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?
9. 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.
10. 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.
11. 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: 0.98% ✗
• Cap rate: 5.67%
• Cash-on-cash: -2.21%
• DSCR: 0.90
• GRM: 8.5

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: -20.5%
• Equity multiple: 0.29×
• Total profit: $-75,573
• Equity at exit: $56,644

10-year hold

• IRR: -14.8%
• Equity multiple: 0.17×
• Total profit: $-88,096
• Equity at exit: $32,847

Cash invested: $106,372 (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: 8.5×

Monthly cashflow live

• Estimated rent: $3,732 high
• Mortgage (P&I): −$1,992
• Tax from tax record: −$424 /mo · $5,086/yr
• Insurance: −$158
• HOA: −$570
• Vacancy / Maint / Mgmt: −$784
• Net cashflow: $-196

Break-even live

Break-even rent $3,980

Max offer price $345,278

Occupancy floor —

Sensitivity live

Price	-10% $19	-5% $-88	+0% $-196	+5% $-304	+10% $-411
Rent	-10% $-491	-5% $-343	+0% $-196	+5% $-49	+10% $99
Rate	-1.0pp $-5	-0.5pp $-99	base $-196	+0.5pp $-294	+1.0pp $-395

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: $94,975
• Closing costs: $11,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11011 Legacy Dr #306 Palm Beach Gardens, FL	2.0	2.0	1403	$4,350	$3.10	26d	1	0.07mi
11023 Legacy Ln #204 Palm Beach Gardens, FL	2.0	2.0	1309	$3,500	$2.67	26d	1	0.10mi
11021 Legacy Ln #303 Palm Beach Gardens, FL	2.0	2.0	1403	$2,950	$2.10	26d	1	0.13mi
11024 Legacy Dr #104 Palm Beach Gardens, FL	2.0	2.0	1345	$6,000	$4.46	26d	1	0.17mi
3660 RCA Blvd Palm Beach Gardens, FL	1.0–2.0	1.0–2.0	1524	$6,849	$4.49	3d	30	0.18mi
11028 Legacy Dr #203 Palm Beach Gardens, FL	2.0	2.0	1309	$4,000	$3.06	26d	1	0.20mi
7102 Geminata Oak Ct Unit 7102 Palm Beach Gardens, FL	2.0	2.0	1152	$3,200	$2.78	9d	1	0.25mi
10201 Chapman Oak Ct Palm Beach Gardens, FL	2.0	2.0	1152	$4,000	$3.47	26d	1	0.30mi
418 Capistrano Dr Palm Beach Gardens, FL	3.0	2.5	1570	$3,600	$2.29	26d	1	0.37mi
3955 Design Center Dr Palm Beach Gardens, FL	3.0	1.0–2.0	996	$3,517	$3.53	0d	22	0.50mi
222 E Tall Oaks Cir Palm Beach Gardens, FL	3.0	2.0	1577	$5,000	$3.17	23d	1	0.50mi
2750 Rio Vista Blvd Palm Beach Gardens, FL	1.0–2.0	1.0–2.0	925	$2,999	$3.24	4d	27	0.70mi
3610 Gardens Pkwy Unit 402A Palm Beach Gardens, FL	2.0	2.5	1831	$5,500	$3.00	26d	1	0.72mi
3630 Gardens Pkwy Unit 1004C Palm Beach Gardens, FL	2.0	2.5	1831	$5,000	$2.73	26d	1	0.74mi
3630 Gardens Pkwy Unit 1104C Palm Beach Gardens, FL	2.0	2.5	1831	$5,250	$2.87	20d	1	0.74mi
4120 Union Square Blvd Palm Beach Gardens, FL	1.0–3.0	1.0–2.0	1035	$2,632	$2.54	1d	100	0.86mi
1128 Rainwood Cir W Palm Beach Gardens, FL	3.0	2.0	1650	$4,200	$2.55	23d	1	0.87mi
160 Lost Bridge Dr Palm Beach Gardens, FL	3.0	2.0	1826	$4,500	$2.46	16d	1	0.88mi
2727 Anzio Ct #106 Palm Beach Gardens, FL	3.0	2.0	1316	$3,000	$2.28	26d	1	0.94mi
2916 Tuscany Ct #201 Palm Beach Gardens, FL	2.0	2.0	1149	$3,200	$2.79	5d	1	0.94mi
2916 Tuscany Ct Palm Beach Gardens, FL	3.0	2.0	1278	$2,818	$2.21	26d	1	0.94mi
11900 Valencia Gardens Ave Palm Beach Gardens, FL	1.0–3.0	1.0–2.0	980	$2,606	$2.66	0d	18	0.95mi
4128 Chestnut Ave Palm Beach Gardens, FL	3.0	2.0	1646	$3,900	$2.37	22d	1	0.99mi
4128 Chestnut Ave Palm Beach Gardens, FL	3.0	2.0	1646	$3,900	$2.37	26d	1	0.99mi
4128 Chestnut Ave Palm Beach Gardens, FL	3.0	2.0	1646	$3,900	$2.37	7d	1	0.99mi
12015 Colony Ave Palm Beach Gardens, FL	3.0	2.0	1104	$3,100	$2.81	26d	1	0.99mi
12015 Colony Ave Palm Beach Gardens, FL	3.0	2.0	1104	$3,100	$2.81	23d	1	0.99mi
4348 Hazel Ave Palm Beach Gardens, FL	3.0	2.5	1740	$4,200	$2.41	26d	1	0.99mi
3019 Alcazar Pl #107 Palm Beach Gardens, FL	1.0	1.0	1000	$3,000	$3.00	23d	1	1.02mi
3019 Alcazar Pl #107 Palm Beach Gardens, FL	1.0	1.0	1000	$2,900	$2.90	26d	1	1.02mi
2813 Grande Pkwy #109 Palm Beach Gardens, FL	3.0	2.0	1278	$2,818	$2.21	26d	1	1.02mi
10174 Plum St Palm Beach Gardens, FL	3.0	2.0	1546	$3,800	$2.46	26d	1	1.04mi
11556 Winchester Dr Unit 29c Palm Beach Gardens, FL	3.0	2.5	1562	$2,950	$1.89	26d	1	1.06mi
2396 Easy St Unit A Palm Beach Gardens, FL	2.0	1.0	948	$3,500	$3.69	26d	1	1.14mi
700 Sanctuary Cove Dr West Palm Beach, FL	1.0–3.0	1.0–2.0	1120	$2,584	$2.31	0d	55	1.15mi
403 4th Ln Palm Beach Gardens, FL	3.0	2.5	1596	$2,950	$1.85	26d	1	1.15mi
2802 Sarento Pl #204 Palm Beach Gardens, FL	2.0	2.0	1092	$3,500	$3.21	26d	1	1.15mi
2410 24th Ln Palm Beach Gardens, FL	2.0	2.5	1596	$3,000	$1.88	6d	1	1.17mi
2407 24th Ln Palm Beach Gardens, FL	3.0	2.5	1596	$2,900	$1.82	17d	1	1.18mi
2407 24th Ln Palm Beach Gardens, FL	3.0	2.5	1596	$2,900	$1.82	26d	1	1.18mi

HOA detail condo

• Monthly dues: $570 · $6,840/yr
• Likely covers: electricpoolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-21
   days on market $379,900 Active 124 DOM
2. 2026-06-18
   days on market $379,900 Active 121 DOM
3. 2026-06-17
   days on market $379,900 Active 120 DOM
4. 2026-06-16
   days on market $379,900 Active 119 DOM
5. 2026-06-15
   days on market $379,900 Active 118 DOM
6. 2026-06-13
   days on market $379,900 Active 116 DOM
7. 2026-06-09
   days on market $379,900 Active 112 DOM
8. 2026-06-07
   days on market $379,900 Active 110 DOM
9. 2026-06-04
   days on market $379,900 Active 107 DOM
10. 2026-06-03
    days on market $379,900 Active 106 DOM
11. 2026-06-01
    days on market $379,900 Active 104 DOM
12. 2026-05-31
    days on market $379,900 Active 103 DOM
13. 2026-04-20
    status Active
14. 2025-12-29
    historical $2,400
15. 2025-12-29
    historical
16. 2025-12-20
    listed $2,400
17. 2025-10-28
    listed $379,900 Active
18. 2019-12-19
    soldstatus $265,000
19. 2019-12-11
    soldstatus $265,000 Closed 772-char remark

    Show marketing remark (772 chars)

    YES! You can have it all...Welcome to your piece of paradise. Modern and meticulous, this builder's model, 2 bedroom 2 bathroom condo features the ease of 1st floor access within the security of a gated community. This unit has eastern and southern exposure for great light in the morning and shade in the afternoon, not to mention lower electric bills. Enjoy afternoons and evenings on the only private patio in the development. Marble floors, granite countertops, stainless steel appliances, custom closets and many more upgrades. Easy install hurricane shutters. Your own oasis in the heart of Palm Beach Gardens, close to the beach, shopping, restaurants, I-95 and the Turnpike. Enjoy the sunsets as you are steps away from the beautiful pool, spa, gym and grill area.

20. 2019-11-22
    historical Active Under Contract 772-char remark

    Show marketing remark (772 chars)

    YES! You can have it all...Welcome to your piece of paradise. Modern and meticulous, this builder's model, 2 bedroom 2 bathroom condo features the ease of 1st floor access within the security of a gated community. This unit has eastern and southern exposure for great light in the morning and shade in the afternoon, not to mention lower electric bills. Enjoy afternoons and evenings on the only private patio in the development. Marble floors, granite countertops, stainless steel appliances, custom closets and many more upgrades. Easy install hurricane shutters. Your own oasis in the heart of Palm Beach Gardens, close to the beach, shopping, restaurants, I-95 and the Turnpike. Enjoy the sunsets as you are steps away from the beautiful pool, spa, gym and grill area.

21. 2019-06-17
    listed $274,900 Active 772-char remark

    Show marketing remark (772 chars)

    YES! You can have it all...Welcome to your piece of paradise. Modern and meticulous, this builder's model, 2 bedroom 2 bathroom condo features the ease of 1st floor access within the security of a gated community. This unit has eastern and southern exposure for great light in the morning and shade in the afternoon, not to mention lower electric bills. Enjoy afternoons and evenings on the only private patio in the development. Marble floors, granite countertops, stainless steel appliances, custom closets and many more upgrades. Easy install hurricane shutters. Your own oasis in the heart of Palm Beach Gardens, close to the beach, shopping, restaurants, I-95 and the Turnpike. Enjoy the sunsets as you are steps away from the beautiful pool, spa, gym and grill area.

ⓘ 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: $5,086 · $424/mo
• Projected year-2 tax: $5,086 · $424/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 9/10 Extreme 6 d/yr ≥106°F today · 18 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: $44,786
• − Mortgage interest: −$21,280
• − Property taxes: −$5,086
• − Insurance: −$1,900
• − Repairs & maintenance: −$3,583
• − Management: −$3,583
• − HOA: −$6,840
• − Depreciation: −$11,052
• Taxable loss: −$8,538
• Est. tax savings @ 24.0%: +$2,049
• After-tax cash flow: $-303/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

-99.1% since first listed

9 events — show timeline

• 2026-04-20 Relisted — Beaches MLS
• 2025-12-29 Rental Removed $2,400 GFLMLS
• 2025-12-29 Listing Removed — Beaches MLS
• 2025-12-20 Listed for Rent $2,400 GFLMLS
• 2025-10-28 Listed $379,900 Beaches MLS
• 2019-12-19 Sold (Public Records) $265,000 Public Records
• 2019-12-11 Sold (MLS) $265,000 Beaches MLS
• 2019-11-22 Contingent — Beaches MLS
• 2019-06-17 Listed $274,900 Beaches MLS

Property tax history

+9.0%/yr

Latest (2025): $5,086 · +2.0% YoY. Source: county tax records.