Lake Worth Town, 101 Lucerne Ave, Lake Worth Beach, FL 33460

1,850,000(-2.97% )
$1,795,000Price
2,730SqFt

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Details

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Status:
Active
Size: 2,730 SqFt (254 m2)
Price: $658/SqFt ($7,077/m2)
Type: Multi Family
Built: 1945
MLS Number: A11821345
On Site: 47 Days
Updated: 13 Days ago
Page Views: 0
The lucerne is a 5-unit art deco property featuring 4 studio apartments and a detached 2bd/2ba single-family home, offering privacy and flexibility for personal use or premium str. Located just minutes from palm beach beaches, golf courses, downtown lake ave shops and dining, and the iconic gulfstream hotel, which is undergoing a $100m+ renovation expected to transform the area’s hospitality market. Zoned downtown commercial, this well-maintained property has zero deferred maintenance and all tenants on month-to-month leases, allowing for immediate repositioning. With strong income potential, value-add upside through interior upgrades, and versatile configurations for investors or owner-users, the lucerne is a rare, high-demand opportunity in a booming market.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: WallFurnace
        • Cooling Description: CentralAir, WallWindowUnits
        Building and Construction
        • Floor Description: Hardwood, Terrazzo, Tile, Vinyl, Wood
        • Year Built: 1945
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2025-06-12T14:38:11.000-00:00
          Taxes, Fees & More
          • Taxes: 12350

          Price History

          07/16/2025

          Date

          Price Reduced

          Event

          $1.8M

          Price

          -2.97%

          Change Rate

          $658 ft2 / $7,077 m2

          Price Per

          06/12/2025

          Date

          Listed

          Event

          $1.9M

          Price

          $678 ft2 / $7,294 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Alexis ShapiroONE Commercial LLC • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $200/ft²
          $500/ft²
          $800/ft²

          Unit 101 Lucerne Ave – Asking

          $658/ft²

          (+82%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $361/ft²
          Community $/Price Range (Closed) $116/ft² – $645/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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