5000 Lake Avenue
West Palm Beach, FL 33405
- 3 beds
- 1 bath
- 850 sqft
- $410 per sqft
- 1950 build
- – on site
Lowest priced investment in The Gardens neighborhood of West Palm Beach corner of Lake and Green. Located in a high-appreciation area with strong rental demand--ideal for a family for long-term investment or can be an Airbnb. No HOA restrictions, giving you flexibility for renovations and use. Neighborhood undergoing explosive growth! Corporate-owned asset, needs a new roof. Roof quote $7k. 2 year old water heater and AC 4 years old as per owner. Recent sale for same style, size and neighborhood went for $485k remodeled. Serious offers considered.
Last checked:
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Last updated Apr 1, 2025
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MLS# RX-11074665 —
The Building
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Year Built:1950
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Roof:Comp Shingle
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Construction:Elevated, Frame
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Model Name:Bungalow Ranch
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Year Roof Installed:2008
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Design:Ranch, Traditional
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Stories:1
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Front Exposure:West
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Unit Floor #:1
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Units in Complex:1
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Unit Description:Corner
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Total Units in Bldg:1
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Exterior Features:Fence, Open Balcony, Open Patio
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Window Treatments:Blinds
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Porch/Patio/Balcony:Patio
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SqFt Total:880
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SqFt Source:Tax Rolls
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Storm Protection Panel Shutters:Complete
Interior
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Furnished:No
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Interior Features:French Door
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Dining Area:Dining Family
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Master Bedroom/Bath:Combo Tub/Shower
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Flooring:Ceramic Tile, Wood Floor
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Rooms:Laundry-Inside
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SqFt Living:850
Financial & Terms
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Terms Considered:Cash, Conventional, FHA, VA
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Short Sale:No
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Possession:At Closing, Quick Closing
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HOPA:No Hopa
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Price Per SqFt:$410.59
Location
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Directions:south of Southern on Lake Avenue on corner of Green and Lake
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Area:5430
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Latitude:26.668549
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Longitude:-80.061117
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Geographic Area:PB20
The Property
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Parcel ID:74434404060001850
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Zoning:SF7(ci
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Type:Single Family Detached
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Lot Description:< 1/4 Acre, Corner Lot, Paved Road, Sidewalks
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Lot SqFt:6,185 Sqft
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Lot Dimensions:92.0 ft x 66.0 ft
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View:Garden
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Waterfront:None
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Waterfront:No
Listing Agent
- Contact info:
- Agent phone:
- (786) 797-7200
- Office phone:
- (561) 694-0058
Taxes
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Taxes:$3,888.36
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Taxes:City/County, No Homestead
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Tax Year:2024
Beds
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Total Bedrooms:3
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Main Level Bedrooms:3
Baths
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Total Baths:1
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Full Baths:1
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Main Level Baths:1
The Listing
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Special Info:Corporate Owned
Heating & Cooling
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Heating:Central
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Cooling:Ceiling Fan, Central
Utilities
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Utilities:Electric, Public Sewer, Public Water, Water Available
Appliances
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Appliances Included:Range - Electric, Water Heater - Electric
Schools
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Elementary School:Palmetto Elementary School
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Middle School:Conniston Middle School
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High School:Forest Hill Community High School
The Community
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Development Name:The Gardens Lakeview Ridge
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Subdivision:LAKEVIEW RIDGE
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Subdivision Amenities:Sidewalks, Street Lights
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Membership:No Membership Avail
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Security:None
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Pets Allowed:Yes
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Pets on Premises:No
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Pet Restrictions:No Restrictions
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Restrictions:Daily Rentals OK, Lease OK
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Governing Bodies:None
Parking
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Parking:2+ Spaces, Driveway, RV/Boat
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Open Parking Spaces:4.0000
Monthly cost estimate
Asking price
$349,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,868
|
| Taxes | $324 |
| Insurance | $95 |
| Utilities | $138 See report |
| Total | $2,425/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/24/25
Mar 24, 2025
|
Listed / Active | BMLS | $349,000 | |
|
4/30/16
Apr 30, 2016
|
Listed / Active | BMLS | ||
|
6/4/12
Jun 4, 2012
|
Sold | BMLS |
