115 Bamboo Rd #205 · Palm Beach Shores, FL 33404

$398,000

2 bd · 2.0 ba · 1,084 sqft · Condo public records · 132 Days on market

Built 1989 $525/mo HOA · 13% of rent

---

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 +12.9/30.0
• ARV discount +7.5/15.0
• 1% rule +5.2/10.0
• Schools +4.3/10.0
• DSCR +3.9/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Steps from the beach, this inviting residence at 115 Bamboo Rd, Unit 205 offers effortless coastal living in the heart of Palm Beach Shores. This well-appointed 2-bedroom, 2-bath condo features a comfortable, functional layout ideal for year-round living or a refined seasonal retreat. Set in a well-maintained community, the home enjoys close proximity to the shoreline, local dining, parks, and boating, with easy access to Singer Island and Palm Beach Gardens. A prime opportunity to enjoy beachside convenience with everyday accessibility. * * Current HOA fees are $525 a month. In addition, there is a monthly fee of $375 for the Reserve Fund. Lease OK two times a year with a three-month min

Key facts

• $525 HOA
• Parking
• Community pool

Property features AI

Finance

• Other: Public records used for building area; Building area reported as 1,144 total (1,084 living area)
• HOA & community: Has association; Monthly HOA fee of $525; HOA includes insurance, water, sewer and common areas; Community amenities: beach access, pool, tennis courts, jogging path, sidewalks, street lights; Senior community

Exterior

• Parking: Assigned parking; Guest parking; 1 open parking space
• Utilities: Public water; Public sewer; Three-phase electric; Cable available
• Home design: Condominium; 2 stories; Faces south; East of US-1
• Construction: CBS construction
• Exterior features: Fenced yard; Sidewalks; No waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms on main level
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms on main level
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fan(s)
• Interior features: Entrance foyer; Walk-in closet(s); Stacked bedroom layout
• Laundry & utility: Inside laundry in a laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $398k.

Deal economics

• At list price, monthly cash flow is $-28 ($-330/yr) — negative.
• To cash-flow at today's rent, offer at most $393k (1.2% below list).
• Meets the 1% rule at list price ($4k rent vs $398k).
• Recommended offer: $350k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#326 in FL) — a middle-class / working-renter tenant base. Strengths: employment A+, health & safety A+, crime A-; Watch: amenities 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: Lincoln Elementary School (math 31% / reading 29%, grade F, #1,882 of 2,144 statewide, top 88%, 358 students, 84% FRL); John F. Kennedy Middle School (math 28% / reading 29%, grade F, #482 of 571 statewide, top 85%, 826 students, 78% FRL); William T. Dwyer High School (math 36% / reading 58%, grade D-, #207 of 667 statewide, top 32%, 2,206 students, 37% FRL).
• Zoned-school proficiency averages 35% at this address vs 50% district-wide (-14 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 soft (-0.7%/yr); 506 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); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• At $4,052/mo this rent would consume 75% of the median local household income ($65k/yr) (locally 1838% 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 $12k 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 132 days — a 12% lower offer ($350k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 9y ago; this cycle's ask has dropped $27k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $350,240 (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 132 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.02% ✓
• Cap rate: 6.21%
• Cash-on-cash: -0.30%
• DSCR: 0.99
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -20.7%
• Equity multiple: 0.30×
• Total profit: $-77,766
• Equity at exit: $59,343

10-year hold

• IRR: -25.0%
• Equity multiple: -0.03×
• Total profit: $-114,428
• Equity at exit: $34,412

Cash invested: $111,440 (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 33404

• Home prices YoY: -31.1%
• Rents YoY: -0.7%
• Active inventory: 506
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $4,052 high
• Mortgage (P&I): −$2,087
• Tax from tax record: −$451 /mo · $5,411/yr
• Insurance: −$166
• HOA: −$525
• Vacancy / Maint / Mgmt: −$851
• Net cashflow: $-28

Break-even live

Break-even rent $4,087

Max offer price $393,139

Occupancy floor 96%

Sensitivity live

Price	-10% $198	-5% $85	+0% $-28	+5% $-140	+10% $-253
Rent	-10% $-348	-5% $-188	+0% $-28	+5% $133	+10% $293
Rate	-1.0pp $173	-0.5pp $74	base $-28	+0.5pp $-131	+1.0pp $-236

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: $99,500
• Closing costs: $11,940
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1279 Beach Rd Unit 3 West Palm Beach, FL	3.0	2.0	1250	$3,250	$2.60	9d	1	0.10mi
1236 Beach Rd Unit 4 Riviera Beach, FL	2.0	1.5	912	$3,170	$3.48	26d	1	0.14mi
1236 Beach Rd Unit 3 Riviera Beach, FL	2.0	1.5	912	$2,950	$3.23	26d	1	0.14mi
145 Ocean Ave #808 Palm Beach Shores, FL	2.0	2.0	1191	$6,000	$5.04	26d	1	0.16mi
145 Ocean Ave #208 Palm Beach Shores, FL	2.0	2.0	1191	$3,400	$2.85	9d	1	0.16mi
3000 N Ocean Ave Riviera Beach, FL	2.0	2.0	1491	$8,250	$5.53	4d	1	0.19mi
125 Ocean Ave Palm Beach Shores, FL	2.0	2.0	1082	$3,248	$3.00	6d	2	0.20mi
125 Ocean Ave #506 Palm Beach Shores, FL	2.0	2.0	1064	$3,500	$3.29	5d	1	0.20mi
2800 N Ocean Dr Unit B-14d Riviera Beach, FL	2.0	2.0	1219	$7,500	$6.15	26d	1	0.27mi
2800 N Ocean Dr Unit B-5c Riviera Beach, FL	2.0	2.0	1219	$3,500	$2.87	26d	1	0.27mi
2800 N Ocean Dr Unit B-9D Riviera Beach, FL	2.0	2.0	1219	$5,000	$4.10	26d	1	0.27mi
2800 N Ocean Dr Unit A-17C Riviera Beach, FL	2.0	2.0	1219	$2,950	$2.42	26d	1	0.27mi
2800 N Ocean Dr Unit A-16D Riviera Beach, FL	2.0	2.0	1219	$3,200	$2.63	4d	1	0.27mi
2800 N Ocean Dr Unit B-23c Riviera Beach, FL	2.0	2.0	1219	$3,500	$2.87	18d	1	0.27mi
2800 N Ocean Dr Unit A-24d Riviera Beach, FL	2.0	2.0	1219	$3,000	$2.46	19d	1	0.27mi
2800 N Ocean Dr Unit A-24d Riviera Beach, FL	2.0	2.0	1219	$3,000	$2.46	24d	1	0.27mi
2800 N Ocean Dr Unit B-12c Singer Island, FL	2.0	2.0	1219	$3,100	$2.54	4d	1	0.28mi
2800 N Ocean Dr West Palm Beach, FL	2.0	2.0	1219	$7,500	$6.15	24d	1	0.28mi
3000 N Ocean Dr Riviera Beach, FL	1.0–2.0	1.5–2.0	1300	$8,500	$6.54	26d	6	0.34mi
3000 N Ocean Dr Riviera Beach, FL	1.0–2.0	1.5–2.0	1300	$8,500	$6.54	16d	7	0.34mi
220 Lake Dr #206 Palm Beach Shores, FL	2.0	2.0	1241	$4,000	$3.22	14d	1	0.34mi
3100 N Ocean Dr Unit 1002 Riviera Beach, FL	2.0	2.0	1341	$16,500	$12.30	26d	1	0.40mi
3100 N Ocean Dr Unit 1210 H Riviera Beach, FL	2.0	2.5	1457	$13,000	$8.92	9d	1	0.42mi
3100 N Ocean Dr #606 Riviera Beach, FL	2.0	2.0	1456	$9,500	$6.52	26d	1	0.42mi
1216 Surf Rd Riviera Beach, FL	3.0	2.5	1444	$3,900	$2.70	26d	1	0.46mi
106 Linda Ln #4 Palm Beach Shores, FL	2.0	2.5	1118	$3,500	$3.13	26d	1	0.47mi
3400 N Ocean Dr Riviera Beach, FL	2.0	2.0–2.5	1597	$7,125	$4.46	4d	7	0.50mi
120 Inlet Way #204 Palm Beach Shores, FL	2.0	2.0	1345	$10,000	$7.43	26d	1	0.54mi
300 Inlet Way #2 Palm Beach Shores, FL	1.0	1.0	729	$4,000	$5.49	26d	1	0.58mi
1260 Manor Dr Riviera Beach, FL	2.0	2.0	1230	$4,500	$3.66	22d	1	0.69mi
1050 Sugar Sands Blvd #174 Riviera Beach, FL	3.0	2.0	1490	$5,400	$3.62	1d	1	0.70mi
1025 Sugar Sands Blvd #159 Riviera Beach, FL	1.0	1.0	987	$4,200	$4.26	26d	1	0.72mi
1030 Sugar Sands Blvd #171 Riviera Beach, FL	2.0	2.0	1143	$5,000	$4.37	26d	1	0.74mi
400 Wilma Cir #309 Riviera Beach, FL	1.0	1.0	818	$4,000	$4.89	7d	1	1.03mi
4200 N Ocean Dr Unit 2-101 Riviera Beach, FL	2.0	2.0	1400	$3,000	$2.14	16d	1	1.04mi
4200 N Ocean Dr Unit 2-405 Riviera Beach, FL	2.0	2.0	1432	$5,850	$4.09	26d	1	1.04mi
4200 N Ocean Dr Unit 2-506 Riviera Beach, FL	2.0	2.0	1210	$6,000	$4.96	26d	1	1.04mi
4200 N Ocean Dr Unit 1-203 Riviera Beach, FL	2.0	2.0	1210	$3,500	$2.89	22d	1	1.04mi
4200 N Ocean Dr Unit 1-605 Riviera Beach, FL	3.0	2.0	1432	$3,500	$2.44	26d	1	1.04mi
4200 N Ocean Dr Unit 2-1706 Riviera Beach, FL	2.0	2.0	1210	$4,200	$3.47	26d	1	1.04mi

HOA detail condo

• Monthly dues: $525 · $6,300/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 39 events

1. 2026-06-21
   days on market $398,000 Active 132 DOM
2. 2026-06-18
   days on market $398,000 Active 129 DOM
3. 2026-06-17
   days on market $398,000 Active 128 DOM
4. 2026-06-16
   days on market $398,000 Active 127 DOM
5. 2026-06-15
   days on market $398,000 Active 126 DOM
6. 2026-06-13
   days on market $398,000 Active 124 DOM
7. 2026-06-09
   days on market $398,000 Active 120 DOM
8. 2026-06-07
   days on market $398,000 Active 118 DOM
9. 2026-06-04
   days on market $398,000 Active 115 DOM
10. 2026-06-03
    days on market $398,000 Active 114 DOM
11. 2026-06-01
    days on market $398,000 Active 112 DOM
12. 2026-05-31
    days on market $398,000 Active 111 DOM
13. 2026-03-25
    price $398,000
14. 2026-02-09
    listed $425,000 Active
15. 2026-02-06
    historical $425,000
16. 2019-05-29
    historical
17. 2019-05-29
    status Active
18. 2019-05-29
    status Active
19. 2019-05-28
    historical
20. 2019-05-28
    historical
21. 2019-05-28
    historical
22. 2019-05-28
    status Active
23. 2019-05-28
    status Active
24. 2019-04-28
    historical
25. 2019-03-11
    historical
26. 2018-07-02
    status Active
27. 2018-07-01
    historical
28. 2017-12-26
    price $265,000
29. 2017-12-26
    price $265,000
30. 2017-12-18
    status Active
31. 2017-12-18
    status Active
32. 2017-12-16
    historical
33. 2017-12-15
    historical
34. 2017-08-31
    status Active
35. 2017-08-24
    historical
36. 2017-07-25
    listed $280,000 Active
37. 2017-06-15
    listed $280,000 Active
38. 2006-04-18
    soldstatus $350,000
39. 1998-05-13
    soldstatus $125,000

ⓘ 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: $5,411 · $451/mo
• Projected year-2 tax: $5,411 · $451/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 24 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: $48,629
• − Mortgage interest: −$22,294
• − Property taxes: −$5,411
• − Insurance: −$1,990
• − Repairs & maintenance: −$3,890
• − Management: −$3,890
• − HOA: −$6,300
• − Depreciation: −$11,578
• Taxable loss: −$6,725
• Est. tax savings @ 24.0%: +$1,614
• After-tax cash flow: $1,284/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 Shores

• Score: 72/100
• State rank: #326
• US rank: #5738

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Beach Shores, FL
• County: Palm Beach County · 1,438,312 people
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 30,912
• Household income: $65,063
• Rent vs Own: 40.0% rent · 60.0% own
• Severe rent burden: 1838.0

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: Majority Black (64%)
• Race & ethnicity: Black 64% White 22% Hispanic / Latino 9% Two or more races 8%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Hispanic 8% Romanian 1% Italian 1%
• Foreign-born: 21% · Canada, Jamaica
• Languages at home: 82% English-only · Spanish 8% French/Haitian/Cajun 7% Other Indo-European 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: ▼ -153.74%
• Current HPI: 341.1761
• Rent YoY: ▼ -0.72%
• 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

+218.4% since first listed

27 events — show timeline

• 2026-03-25 Price Changed $398,000 Beaches MLS
• 2026-02-09 Listed $425,000 Beaches MLS
• 2026-02-06 Coming Soon $425,000 Beaches MLS
• 2019-05-29 Listing Removed — Beaches MLS
• 2019-05-29 Relisted — Beaches MLS
• 2019-05-29 Relisted — MARMLS
• 2019-05-28 Listing Removed — Beaches MLS
• 2019-05-28 Listing Removed — MARMLS
• 2019-05-28 Listing Removed — MARMLS
• 2019-05-28 Relisted — Beaches MLS
• 2019-05-28 Relisted — MARMLS
• 2019-04-28 Listing Removed — MARMLS
• 2019-03-11 Listing Removed — Beaches MLS
• 2018-07-02 Relisted — Beaches MLS
• 2018-07-01 Listing Removed — Beaches MLS
• 2017-12-26 Price Changed $265,000 MARMLS
• 2017-12-26 Price Changed $265,000 Beaches MLS
• 2017-12-18 Relisted — Beaches MLS
• 2017-12-18 Relisted — MARMLS
• 2017-12-16 Listing Removed — Beaches MLS
• 2017-12-15 Listing Removed — MARMLS
• 2017-08-31 Relisted — MARMLS
• 2017-08-24 Listing Removed — MARMLS
• 2017-07-25 Listed $280,000 MARMLS
• 2017-06-15 Listed $280,000 Beaches MLS
• 2006-04-18 Sold (Public Records) $350,000 Public Records
• 1998-05-13 Sold (Public Records) $125,000 Public Records

Property tax history

+2.5%/yr

Latest (2025): $5,411 · +6.3% YoY. Source: county tax records.