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511 Lucerne Avenue #316, Lake Worth, FL, 33460

1beds
1baths
674sqft
$275,000
$408price/sqft
$2,814/moest. monthly cost
$112,560/yrincome needed

About This Home

The Lucerne Condo building is under 1 Mile to the Ocean! Amazing location. Located in Downtown Lake Worth Beach. Walk to Coffee shops, Bakeries, Restaurants, Boutiques, Publix, etc. 7 blocks to Golf. Only 10min to PBI Airport. This extremely cozy & tastefully furnished studio comes with beautiful designer granite counter tops, a gourmet kitchen fit for a Chef and a gorgeous remodeled bathroom with a walk in double shower. Very convenient parking spot by elevator ( #216 ) + a locker storage ( B-15 ) . Stunning Pool and lush landscape literally 20 steps from your condo door on the same floor, you do not need to take the elevator to get to the pool. HOA includes Wifi & Water. Lease in place. Tenant interested in renewing term / long term, guaranteed income. Sold furnished. Income property!

Getting Around

91
WalkingWalker's Paradise
0
TransitVery Limited Transit
88
BikeVery Bikeable

Schools

5/10
2/10
Lake Worth High SchoolGrades PK,9-120.8 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2006

Materials

  • Roof: Concrete
  • Construction materials: Block,Concrete

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Cooktop,Dryer,Dishwasher,Electric Range,Electric Water Heater,Disposal,Ice Maker,Microwave,Oven,Range,Refrigerator,Water Heater,Washer,Owned Water Heater
  • Laundry features: Inside,In Bathroom,Washer Dryer Install Allowed

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Breakfast Bar,Bedroom on Main Level,Breakfast Area,Eat-in Kitchen,Living/Dining Room,Pantry,Storage,Separate Shower,Bar
  • Window features: Blinds,Storm Window(s)
  • Flooring: Tile,Wood

Heating & Cooling

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

Interior Area

  • Total structure area: 674
  • Total interior livable area: 674 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 38434427640003160
  • Zoning: CAC (city)
  • Special condition: Standard,Listed As-Is
  • Other equipment: None

Features

  • Levels: One
  • Stories: 1
  • Entry location: Lucerne Avenue
  • Pool features: Association,Heated
  • Patio & porch: Covered,Deck,Balcony
  • Exterior features: Balcony,Courtyard,Outdoor Living Area,Outdoor Shower,Storage,Uncovered Courtyard
  • Fencing: None
  • Has view: Yes
  • View description: City
  • Waterfront features: None

Lot

  • Features: Sprinklers Automatic

Parking

  • Total spaces: 1
  • Parking features: Assigned,Attached,Covered,Deeded,Garage,Garage Door Opener,On Street
  • 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
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
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 $1,390$16,680
Home Insurance *$706$8,472
Property Taxes $521$6,252
Electricity $197$2,366
Total$2,814$33,768
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$96,480/yr
40% on housing$84,420/yr
45% on housing$75,040/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

$408This listing

vs Other Active Listings

Avg $/sqft

ZIP 33460$249
Palm Beach County$444

vs Homes Sold Last Month

Median $/sqft

ZIP 33460$379
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
2026-06-29Listed for sale$275,000
2025-06-30Listing removed$2,000
2025-04-24Listed for rent$2,000
2024-10-24Listing removed$2,000
2024-09-06Listed for rent$2,200
2023-06-14Listing removed--
2023-05-21Listed for rent$2,000
2023-05-19Listing removed--
2022-09-16Price change$2,400
2022-08-29Price change$2,200
2022-07-27Price change$2,500
2022-07-06Listed for rent$3,200
2022-02-10Sold$225,000
2022-01-19Pending sale$214,900
2022-01-15Listed for sale$214,900
2013-09-30Sold$66,000
2013-06-05Sold$33,900
2006-07-31Sold$167,880

For Sale by Agent

AgentKatarina P Papazian
BrokerageRE/MAX Prestige Realty/WPB

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