101 LUCERNE AVE #5, Lake Worth
$1,795,000 USD
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| Address | 101 LUCERNE AVE #5, Lake Worth |
| Building Name | LAKE WORTH TOWN OF |
| Type of Property | Quadruplex |
| Property Style | Quadruplex |
| Price | $1,795,000 |
| Previous Price | $1,850,000 (9 days ago) |
| Property Status | Active |
| MLS Number | A11821345 |
| Living Area | 2730 |
| Year Built | 1945 |
| Parking Space Number | 5 |
| Folio Number | 38434421155130050 |
| Zoning Information | DT (CITY |
| Days on Market | 110 |
Detailed Description: 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.
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Address Information
| State | Florida |
| City | Lake Worth |
| County | Palm Beach County |
| Zip Code | 33460 |
| Address | 101 LUCERNE AVE |
| Section | 21 |
| Zip Code (4 Digits) | 3913 |
Financial Information
| Price | $1,795,000 |
| Price per Foot | $0 |
| Previous Price | $1,850,000 |
| Folio Number | 38434421155130050 |
| Tax Amount | $12,350 |
| Tax Year | 2024 |
Full Descriptions
| Detailed Description | 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. |
| Roof Description | Flat Tile |
| Floor Description | Terrazzo, Tile, Vinyl, Wood |
| Cooling Description | Central Air, Wall / Window Unit (s) |
| Heating Description | Window / Wall |
| Sewer Description | Public Sewer |
Property parameters
| Living Area | 2730 |
| Zoning Information | DT (CITY |
| Year Built | 1945 |
| Type of Property | Quadruplex |
| Style | Quadruplex |
| Building Name | LAKE WORTH TOWN OF |
| Development Name | LAKE WORTH TOWN OF |
| Construction Type | Concrete Block Construction |
| Stories Number | 2.000 |
| Parking Space Number | 5 |
| Listed with | ONE Commercial LLC |