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5978 Monterra Club Drive, Lake Worth, FL, 33463

3beds
3baths
1,622sqft
$405,000
$250price/sqft
$3,041/moest. monthly cost
$121,640/yrincome needed

About This Home

Beautifully upgraded luxury townhome featuring 3 bedrooms and 2.5 bathrooms, including a spacious primary suite with a separate soaking tub and walk-in shower. This elegant residence showcases numerous builder upgrades including crown molding, enhanced interior lighting, granite countertops, and upgraded shower tile finishes. The entire home has been updated with luxury vinyl flooring throughout. The modern kitchen is equipped with stainless steel appliances, including a new refrigerator and new washer/dryer. The seller spared no expense by extending the patio pavers and adding privacy hedges, creating the perfect outdoor retreat. Additional highlights include a 1-car garage, paver driveway with parking for two vehicles, and a prewired Level 2 EV charger. Residents enjoy access to a stunning lakefront clubhouse featuring a professionally equipped fitness center, card room, great room, and warming kitchen for private events. Resort-style amenities include a heated lakefront pool and spa, children's play area, oversized tot lot, basketball court, and scenic promenade with gazebos, fountains, benches, trellises, and picturesque lake views. An ideal primary residence or investment opportunity with low monthly HOA fees, conveniently located in the desirable Colony Reserve community near major shopping, grocery stores, restaurants, banks, and more.

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

2/10
5/10
Tradewinds Middle SchoolGrades 6-81.0 mi
4/10

Construction

Condition

  • Property condition: Resale
  • Year built: 2016

Materials

  • Roof: Tile
  • Construction materials: Block

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Electric Range,Electric Water Heater,Disposal,Microwave,Refrigerator,Water Heater,Washer
  • Laundry features: Inside,Laundry Closet

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Features

  • Bathtub,Dual Sinks,Entrance Foyer,Pantry,Split Bedrooms,Soaking Tub,Separate Shower,Walk-In Closet(s)
  • Flooring: Tile,Vinyl

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,897
  • Total interior livable area: 1,622 sqft

Kitchen

  • Level: Main
  • Area: 80
  • Dimensions: 10 X 8

Living Room

  • Level: Main
  • Area: 378
  • Dimensions: 21 X 18

Master Bedroom

  • Level: Second
  • Area: 168
  • Dimensions: 14 X 12

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 00424435230001200
  • Zoning: PUD
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: Heated
  • Exterior features: Garden,Lighting
  • Fencing: Partial,Privacy
  • Has view: Yes
  • View description: Garden
  • Waterfront features: None

Lot

  • Lot size: 1,921 sqft
  • Features: < 1/4 Acre

Parking

  • Total spaces: 3
  • Parking features: Attached,Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Heat Wave
Tsunami

FEMA Declared Disasters in Palm Beach County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,047$24,564
Home Insurance *$340$4,080
Property Taxes $457$5,484
Electricity $197$2,366
Total$3,041$36,492
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$104,262/yr
40% on housing$91,230/yr
45% on housing$81,093/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.0%
4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$250This listing

vs Other Active Listings

Avg $/sqft

ZIP 33463$206
Palm Beach County$444

vs Homes Sold Last Month

Median $/sqft

ZIP 33463$292
Palm Beach County$365

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-30Price change$405,000
2026-07-16Price change$410,000
2026-05-28Listed for sale$415,000
2022-04-13Sold$403,000
2022-03-07Pending sale$379,900
2022-03-07Listed for sale$379,900
2020-03-24Listing removed$1,900
2020-03-02Listing removed$288,000
2020-02-10Listed for sale$288,000
2020-01-04Listed for rent$1,900
2019-08-30Listing removed$1,850
2019-08-06Listed for rent$1,850
2016-06-06Sold$243,133

For Sale by Agent

AgentStephanie Maillard
BrokerageFlorida's Best Realty Services

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