$599,900
$35K PRICE DROP

5116 Palm Way Lake Worth, FL 33463

West Boynton Neighborhood

Estimated payment $4,004/month

Total Views 2,588
3 Beds
2.5 Baths
2,015 Sq Ft
$298 Price per Sq Ft

Highlights

  • Very Popular Property
  • 26,469 Sq Ft lot
  • Garden View
  • Christa Mcauliffe Middle School Rated A-
  • Vaulted Ceiling
  • Formal Dining Room

About This Home

Discover the perfect blend of space and comfort in this 3-bedroom, 2.5-bathroom home, nestled in the highly desirable non-HOA community of Biltmore Terrace in Lake Worth. A charming French door entry welcomes you into a bright and airy living space, where cathedral ceilings and windows create an inviting atmosphere. The open living and dining areas seamlessly flow to the screened patio through sliding glass doors, providing the ideal setting for indoor-outdoor living. A thoughtfully designed kitchen boasts oversized windows, a breakfast area with patio access, and ample storage, while a separate family room offers additional space for relaxation or entertaining.

Listing Agent

Jeff Tricoli

KW Reserve Palm Beach License #3082942

KW Reserve Palm Beach

Co-Listing Agent

Hilda Tricoli

KW Reserve Palm Beach License #3211850

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,870

Year Built

  • Built in 1988

Lot Details

  • 0.61 Acre Lot
  • Fenced
  • Property is zoned AR

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway
  • Open Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,015 Sq Ft Home
  • 1-Story Property
  • Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Windows
  • French Doors
  • Family Room
  • Formal Dining Room
  • Garden Views
  • Home Security System

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Hidden Oaks K-8 Elementary School
  • Christa Mcauliffe Middle School
  • Park Vista Community High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Biltmore Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00424511010001200
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,870

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Get on I-95 S,Follow I-95 S to Hypoluxo Rd in Lantana. Take exit 60 from I-95 S,Continue on Hypoluxo Rd. Drive to N Palm Way.
  • Year Built: 1988
  • Architectural Style: Ranch
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, French Door(s)/Atrium Door(s), Separate Shower, Vaulted Ceiling(s), Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 2015.0
  • Dining Room Type: Family Room
  • Stories: 1
  • Window Features: Blinds, Drapes, Sliding

Exterior Features

  • Exterior Features: Fence, Patio
  • View: Garden
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle
  • FrontageLengthRemarks: 0

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Open Parking: Yes
  • Parking Features: Attached, Circular Driveway, Driveway, Garage, Open, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Schools

  • Elementary School: Hidden Oaks K-8
  • High School: Park Vista Community
  • Middle Or Junior School: Christa McAuliffe

Lot Info

  • Parcel #: 00424511010001200
  • Lot Size: 0.6076
  • Lot Size Sq Ft: 26469.0
  • Zoning Description: AR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7870.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,274 $423,774 -- --
2023 $7,062 $385,249 $226,716 $205,785
2022 $6,770 $350,226 $0 $0
2021 $6,208 $318,387 $165,472 $152,915
2020 $6,217 $319,509 $149,500 $170,009
2019 $5,869 $302,609 $132,600 $170,009
2018 $5,457 $306,676 $129,938 $176,738
2017 $5,236 $302,781 $103,950 $198,831
2016 $4,806 $210,862 $0 $0
2015 $4,579 $191,693 $0 $0
2014 $3,996 $174,266 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 Price Changed $599,900 -4.0% $298 / Sq Ft
04/04/2025 04/04/25 Price Changed $625,000 -1.6% $310 / Sq Ft
03/20/2025 03/20/25 For Sale $635,000 -- $315 / Sq Ft
Source: BeachesMLS

Deed History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Source: Public Records

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Source: BeachesMLS

MLS Number: R11073565

BeachesMLS

APN: 00-42-45-11-01-000-1200

Florida Palm Beach County Lake Worth 33463 West Boynton

5116 Palm Way, Lake Worth, FL

Homes for Sale in Lake Worth, FL

This home is located at 5116 Palm Way, Lake Worth, FL 33463 and is currently priced at $599,900, approximately $297 per square foot. This property was built in 1988. 5116 Palm Way is a home located in Palm Beach County with nearby schools including Hidden Oaks Elementary School, Christa Mcauliffe Middle School, and Park Vista Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Jeff Tricoli
Listing Agent
Jeff Tricoli
Section Image
KW Reserve Palm Beach
(561) 820-6196