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5037 ALFRED Drive, West Palm Beach, FL, 33417

2beds
2baths
1,250sqft
$265,000
$212price/sqft
$2,063/moest. monthly cost
$82,520/yrincome needed

About This Home

Beautifully updated, fully furnished turn-key 2-bedroom, 2-bath villa in the desirable 55+ gated community of Cypress Lakes. Enjoy garden views a renovated master bath with smart mirror and an enclosed Florida room which can convert to an extra bedroom. HOA includes golf, clubhouse, pool, spa, hot tub, fitness center, tennis, library, shuffleboard, pickleball, cable, an array of classes, card games, internet, lawn care, and 24-hour gated security. Move in, unpack your bags and enjoy Florida retirement living as an active adult in Cypress Lakes, amenities galore!

Getting Around

52
WalkingSomewhat Walkable
28
TransitSome Transit
50
BikeBikeable

Schools

5/10
5/10
Bear Lakes Middle SchoolGrades 6-80.7 mi
2/10

Construction

Condition

  • Property condition: Resale
  • Year built: 1979

Materials

  • Roof: Shingle
  • Construction materials: Block,Stucco

Type & Style

  • Home type: Condo
  • Architectural style: Other,Ranch
  • Property subType: Villa

Interior

Appliances

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

Bedroom2

  • Area: 154
  • Dimensions: 14 X 11

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Features

  • Bedroom on Main Level,Family/Dining Room,Pantry,Separate Shower,Stacked Bedrooms
  • Window features: Double Hung,Metal,Sliding
  • Flooring: Carpet,Ceramic Tile,Tile,Wood

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 1,346
  • Total interior livable area: 1,250 sqft

Kitchen

  • Level: Main
  • Area: 117
  • Dimensions: 13 X 9

Living Room

  • Level: Main
  • Area: 308
  • Dimensions: 22 X 14

Master Bedroom

  • Level: Main
  • Area: 154
  • Dimensions: 14 X 11

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 00424314020000150
  • Zoning: RS
  • Special condition: Standard,Listed As-Is

Features

  • Levels: One
  • Stories: 1
  • Private pool: Yes
  • Pool features: Association
  • Patio & porch: Covered,Patio,Porch
  • Exterior features: Awning(s),Outdoor Living Area
  • Waterfront features: None

Lot

  • Lot size: 2,919 sqft
  • Features: Landscaped,< 1/4 Acre

Parking

  • Total spaces: 2
  • Parking features: Asphalt
  • Uncovered spaces: 2

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
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
Lightning
Wildfire
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 $1,339$16,068
Home Insurance *$103$1,236
Property Taxes $424$5,088
Electricity $197$2,366
Total$2,063$24,756
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$70,731/yr
40% on housing$61,890/yr
45% on housing$55,013/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

$212This listing

vs Other Active Listings

Avg $/sqft

ZIP 33417$95
Palm Beach County$444

vs Homes Sold Last Month

Median $/sqft

ZIP 33417$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
2026-08-04Price change$250,000
2026-07-20Listed for sale$265,000
2026-07-19Listing removed$265,000
2026-07-16Listed for sale$265,000
2023-02-13Sold$225,000
2023-01-13Contingent$225,000
2022-12-29Listed for sale$225,000
2009-09-02Sold$55,000
2008-05-30Listing removed$89,500
2008-04-23Listed for sale$89,500

For Sale by Agent

AgentGale G Jackson
BrokerageKenmar Realty LLC

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