$2,850,000
Sold · September 1, 2026
202 Lucerne Avenue 1-14
Lake Worth, FL 33460
Explore the area: Lake Worth homes for sale · Palm Beach County real estate
Sale Summary
What this home sold for
- Sold price
- $2,850,000
- Vs. list price
- 3.4% under
- Days on market
- 121
- Price per sq ft
- N/A
This commercial property in ZIP 33460 sold for $2,850,000 on September 1, 2026. That was 3.4% below its final list price of $2,950,000. It first came on the market at $2,980,000, so the price was adjusted before it sold. It spent 121 days on the market.
Listing Snapshot
- Sold Price
- $2,850,000
- Sold On
- September 1, 2026
- Days on Site
- 121 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 9,320 sqft
- Lot Size
- 0.31 Acres
- Year Built
- 1974
- Property Type
- Commercial
- MLS #
- A12001661
- Property Tax
- $52,941 (2025)
- County
- Palm Beach
- Status
- Sold
About This Property
Well-located 14-unit multifamily property in the heart of downtown Lake Worth Beach at 202 Lucerne Avenue. The asset consists of thirteen 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all featuring central A/C, private balconies, and ample natural light, along with an on-site laundry facility for additional income. Built in 1974 with concrete block construction and a stucco exterior, the property is currently operated as annual rentals and also holds a valuable transitory license, allowing for potential conversion to short-term rentals and increased revenue. Positioned just steps from Lake Avenue, the property offers exceptional walkability to dining, retail, and entertainment, and is located just minutes from the Intracoastal Waterway, Lake Worth Beach Park, and JFK Medical Center. Strong in-place income with clear upside through rental growth and operational improvements in a highly active and improving downtown submarket supported by ongoing redevelopment and long-term demand drivers.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Sold
- Year Built
- 1974
- Lot Size (Acres)
- 0.31
- Total Sq Ft
- 9,320
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- DT (city
Interior Features
- Cooling
- Central Air
- Heating
- Central / Individual
Exterior Features
- Construction
- Block
- Roof
- Built Up
Community & HOA
- Financing Terms
- Cash / Conventional / Other
- MLS Area
- 5600
About the Area
Lake Worth homes for sale start under $350K, well below Palm Beach and Boca Raton entry points. The city, officially renamed Lake Worth Beach in 2019, sits on the Intracoastal with ocean access 2 miles east via A1A. Most of the housing stock is 1950s to 1980s bungalow: 3-bedroom homes in the core grid sell from $325K to $550K. Intracoastal properties start at $900K. The downtown Federal Highway corridor added 30+ businesses since 2018. Bryant Park has a pool, tennis courts, and a public boat ramp. Palm Beach International Airport is 8 miles north. I-95 is within 2 miles of most addresses.
- Homes for Sale
- 864
- Median List Price
- $424,900
- Median $/Sq Ft
- $249
- Avg Days on Market
- 108
Frequently Asked Questions
- How do I schedule a tour of 202 Lucerne Avenue 1-14, Lake Worth, FL 33460?
- Use the Tour button on this listing to request a showing of 202 Lucerne Avenue 1-14, Lake Worth, FL 33460. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 202 Lucerne Avenue 1-14, Lake Worth, FL 33460 still available?
- 202 Lucerne Avenue 1-14, Lake Worth, FL 33460 is currently listed as Sold, and has been on the market 121 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 202 Lucerne Avenue 1-14, Lake Worth, FL 33460?
- With 20% down ($590,000) on the $2,950,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 202 Lucerne Avenue 1-14, Lake Worth, FL 33460 is about $15,504/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 202 Lucerne Avenue 1-14, Lake Worth, FL 33460?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 202 Lucerne Avenue 1-14, Lake Worth, FL 33460. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 202 Lucerne Avenue 1-14, Lake Worth, FL 33460?
- Often, yes. The right offer on 202 Lucerne Avenue 1-14, Lake Worth, FL 33460 depends on how it's priced against comparable commercial sales in Lake Worth, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Fausto Commercial Realty Consultants Inc
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$2,850,000
Own a home nearby?
This sale is now a comparable for every home around it. Get a free estimate of what yours would sell for today.
Listed by Elior Levi, Fausto Commercial Realty Consultants Inc
Map & Location
Featured Communities
Cities in Palm Beach County
Zip Codes in Palm Beach County
Property Types
Recent Sales
Recently sold homes in ZIP 33460
These are the last 6 recorded closings in ZIP 33460, with the price each home actually sold for rather than what it was listed at. They closed at a median of $277 per square foot. The most recent closed on October 2, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$950,000
Sold · October 2, 2026
502 S Palmway
5 bed · 4.5 bath · 2,829 sqft · $336/sqft
Sold$950,000
Sold · October 2, 2026
502 S Palmway
0 bed · 0 bath
Sold$895,100
Sold · October 2, 2026
233 Maryland Drive
2 bed · 2 bath · 1,616 sqft · $554/sqft
$154,900 under the asking price
Sold$350,000
Sold · October 2, 2026
519 N J Street 1
0 bed · 0 bath · 1,262 sqft · $277/sqft
$35,000 under the asking price
Sold$350,000
Sold · October 2, 2026
519 N J Street
3 bed · 2 bath · 1,262 sqft · $277/sqft
$35,000 under the asking price
Sold$370,000
Sold · October 1, 2026
902 S Federal Highway 8
3 bed · 2.5 bath · 1,521 sqft · $243/sqft
$20,000 under the asking price
See every recorded sale in ZIP 33460 or find out what your ZIP 33460 home is worth.
