$7,422 Closing Credit¹
#RX-11086849, Brett A Colby, Listing office: RE/MAX Direct
#RX-11073565·
Listing office: KW Reserve Palm Beach·
Listing agent: Jeffrey L Tricoli·
Listing agent phone: (561) 220-6866·
Listing office phone: (561) 220-6866
$599,900 List price
5116 Palm Way Lake Worth, FL 33463
$7,124
Closing credit¹
3 beds
2 full, 1 partial
2,015 sqft
$298 / sqft
House
Property details
About 5116 Palm Way
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.
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCeiling Fan(s), Central Air, Electric
Size2,015 sqft
Year built1988
Parking2+ Spaces, Drive - Circular, Driveway, Garage - Attached, Open
MLS #RX-11073565
Attached garage2 spaces
ViewGarden
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Automatic Garage Door Opener, Dishwasher, Disposal, Dryer, Electric Range, Refrigerator, Washer, Electric Water Heater
- Flooring Type: Carpet, Ceramic Tile
- Interior: Bar, Ctdrl/Vault Ceilings, Entry Lvl Lvng Area, French Door, Walk-in Closet
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: Yes
- Private Pool: No
- Parking: 2+ Spaces, Drive - Circular, Driveway, Garage - Attached, Open
- Waterfront: None
- View: Garden
- Exterior: Fence, Open Patio, Screened Patio
- Architectural Style: Ranch, Traditional
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric
- List Price: $599,900
- Price/SqFt: $297
- Annual Tax Amount: $3,621
- Tax Year: 2023
- Lot: Paved, Sidewalk
- 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
- Stories: 1
- Living Area: 2,015 SqFt
- MLS Number: RX-11073565
- Office Name: KW Reserve Palm Beach
- Office Phone: (561) 220-6866
- Listing Agent: Jeffrey L Tricoli
- Agent Phone: (561) 220-6866
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc.
This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/23/2025, 9:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$599,900
5116 Palm Way
$7,124
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $432,501 | $3,621 |
| 2022 | $418,579 | $6,770 |
| 2021 | $318,387 | $6,208 |
| 2020 | $319,509 | $3,053 |
| 2019 | $280,657 | $5,868 |
| 2018 | $255,143 | $5,457 |
| 2017 | $231,948 | $5,236 |
History based on county public records data.
Nearby schools
7
Citrus Cove Elementary School
Public Magnet PK-5
1.5 mi
•8400 Lawrence Rd
8
Crystal Lakes Elementary School
Public District PK-5
1.6 mi
•6050 Gateway Blvd
5
Ben Gamla-Palm Beach
Public Charter KG-5
1.7 mi
•8600 S Jog Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $63,690. The majority of Lake Worth, FL residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
24%
<35k
54%
35k-100k
19%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
31%
Single, No Kids
20%
Single, with Kids
19%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
13%
12-17 yrs old
19%
18-34 yrs old
45%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Soccer
Continuing Education Courses
Symphony or Opera
Where do the neighbors shop?
Burlington
Express/Express For Men
Chico's
Where do the neighbors go to eat?
Wingstop
Qdoba
Boston Market
What do the neighbors drive?
Nissan
Volkswagen
Volvo
What do the neighbors listen to?
Christian Adult Contemporary
Urban Contemporary
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5116 Palm Way
The listing price of 5116 Palm Way property is $599,900.
The property 5116 Palm Way is a house located in Lake Worth, Florida, 33463.
Accepting Backup Offers: 5116 Palm Way is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 5116 Palm Way are: Citrus Cove Elementary School (GreatSchools Rating 7/10), Crystal Lakes Elementary School (GreatSchools Rating 8/10), Ben Gamla-Palm Beach (GreatSchools Rating 5/10), Hidden Oaks K-8 School (GreatSchools Rating 8/10), Franklin Academy - Boynton Beach (GreatSchools Rating 5/10), Renaissance Charter School at Central Palm (GreatSchools Rating 4/10), Park Vista Community High School (GreatSchools Rating 7/10), Santaluces Community High School (GreatSchools Rating 4/10), Quantum High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $3,621 (source: MLS/based on county public records data).
The property at 5116 Palm Way has 3 bedrooms and 2 full and 1 half bathrooms.
The property 5116 Palm Way is 2,015 SqFt (source: MLS/tax record).
The year of construction for 5116 Palm Way is 1988.
This home is located at 5116 Palm Way in Lake Worth, FL and zip code 33463. This 2,015 square foot home was built in 1988. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 21, 2025 and is currently priced at $599,900.
Lake Worth, FL housing market in May 2025 saw over 13 listings sold above listed price, more than 16 sold at listed price and over 120 sold below. The number of listings in Lake Worth, FL increased by 6.9% between April and May 2025. The median list price of listings available in May 2025 was $469,309, while the average time on the real estate market was 65 days.
From Rocket Homes Real Estate and based on county public records data.