Closed

The Gardens, 5000 Lake Ave, West Palm Beach, FL 33405

319,000(-8.15% )
$293,000Price
3Beds
1Baths
850SqFt

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Details

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Status:
Sold - May 02, 2025
Parking: No info
Size: 850 SqFt (79 m2)
Price: $345/SqFt ($3,710/m2)
Type: Single Family Home
Built: 1950
MLS Number: R11074665
View: Garden
On Site: 128 Days
Updated: 88 Days ago
Page Views: 0
Newly priced!!! Owner says sell! Lowest priced investment in the gardens neighborhood of west palm beach corner of lake and green. Located in a high-appreciation area with strong rental demand--ideal for a family for long-term investment or can be an airbnb. No hoa restrictions, giving you flexibility for renovations and use. Neighborhood undergoing explosive growth! Corporate-owned asset, needs a new roof. Roof quote $7k. 2 year old water heater and ac 4 years old as per owner. Recent sale for same style, size and neighborhood went for $485k remodeled. Serious offers considered.
Features
Bedrooms
  • Bedrooms: 3
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony,Fence,Patio
  • View: Garden
Interior, Heating and Cooling
  • Interior Features: FamilyDiningRoom, FrenchDoorsAtriumDoors, TubShower
  • Equipment / Appliances: ElectricRange, ElectricWaterHeater
  • Heating Description: Central
  • Cooling Description: CentralAir, CeilingFans
Building and Construction
  • Floor Description: CeramicTile, Hardwood, Wood
  • Windows/Treatment: Blinds
  • Year Built: 1950
  • Year Built Description: Resale
  • Style: Ranch
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
  • Elementary School: Palmetto (Miami Dade)
  • Middle School: Conniston Community
  • Senior High School: Forest Hill
Other Property Info
  • Garage: No info
  • Listing Date: 2025-03-24T15:18:29.000-00:00
  • Pets Allowed: Yes
Taxes, Fees & More
  • Taxes: 3888
  • Parking Description: Driveway, RvAccessParking, TwoOrMoreSpaces
  • Total Floors in Building: 1
  • Total Units in Complex: 1

Price History

05/02/2025

Date

Sold

Event

$293K

Price

-8.15%

Change Rate

$345 ft2 / $3,710 m2

Price Per

04/06/2025

Date

Price Reduced

Event

$319K

Price

-8.6%

Change Rate

$375 ft2 / $4,040 m2

Price Per

03/24/2025

Date

Listed

Event

$349K

Price

$411 ft2 / $4,420 m2

Price Per

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

Listed by Leah BallOne Sotheby's International Re • Buyer Agency Compensation .

Instant Comps

$100/ft²
$200/ft²
$500/ft²
$700/ft²

Unit 5000 Lake Ave – Asking

$345/ft²

(-2%) from Closed Medium $/ft²

Closed Medium $/ft²

$353/ft²
Community $/Price Range (Closed) $283/ft² – $510/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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