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5036 Alfred Drive, West Palm Beach, FL 33417
Under Contract
206 Days on Market
1 / 20
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How this price compares

Asking price
$202,000
Price per sq ft
$162
Vs. nearby sales
16.9% below
Days on market
206

This 2-bedroom single-family home in Cypress Lakes went under contract with an asking price of $202,000, or $162 per square foot. The asking price has come down 22.3% from its original $260,000. It spent 206 days on the market before going under contract. The 6 most recent single-family home sales in the closings shown below sold at a median of $195 per square foot, so the asking price was 16.9% below what comparable homes here actually sold for.

2
Bedrooms
2
Bathrooms
1,250
Living Sq Ft
1979
Year Built

Estimated monthly payment

$1,062 /mo

Principal and interest only, based on $40,400 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $400/mo HOA are not included.

Customize this estimate

Listing Snapshot

Price
$202,000
Days on Site
206 Days
Bedrooms
2
Total Baths
2
Full Baths
2
Partial Baths
0
Living Area
1,250 sqft
Total Sq Ft
1,386 sqft
Lot Size
0.07 Acres
Year Built
1979
Property Type
Single Family
MLS #
R11137303
Property Tax
$3,582 (2024)
HOA Fees
$400 / Monthly
Subdivision
CYPRESS LAKES
County
Palm Beach
Status
Under Contract
Special Conditions
Short Sale

About This Property

Welcome to this guard-gated, amenity-rich community of Cypress Lakes in West Palm Beach. This inviting 2 bed, 2 bath villa has been totally renovated, offering a seamless blend of modern comfort and carefree living. Step into an open-concept living and dining space that flows effortlessly into a beautifully updated kitchen featuring sleek cabinetry, quartz countertops, stainless steel appliances, and stylish fixtures. Both bathrooms have been tastefully transformed, and the bedrooms are spacious and bright — including a master suite with its own full bath for added convenience. A screened patio (or covered lanai) extends your living outdoors where you can enjoy morning coffee or evening relaxation overlooking lush landscaping or tranquil community views. Within Cypress Lakes you'll enjoy resort-style amenities: a 9-hole golf course (no membership required), clubhouse with pool and spa, fitness centre, tennis/pickle-ball courts, shuffleboard, bocce, and more all within a vibrant, 55+ lifestyle community. Ideally located just minutes from I-95, The Florida Turnpike, shopping, dining, International Airport and Palm Beach's white-sand beaches, this villa offers the perfect combination of lifestyle, location, and low-maintenance living. Don't miss your opportunity to own a beautifully updated home in Cypress Lakes move-in ready and waiting for you!

Virtual Tour

General Features

Property Type
Single Family
Status
Under Contract
Year Built
1979
Property Condition
Resale
Number of Stories
1
Levels
Multi Split / One
Parking
Open
Direction Faces
Northeast
Lot Size (Acres)
0.07
Living Sq Ft
1,250
Total Sq Ft
1,386
Sewer
Public Sewer
Water Source
Public
Zoning
RS

Interior Features

Appliances
Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Refrigerator / Water Heater / Washer
Cooling
Central Air / Electric
Heating
Central / Electric
Flooring
Laminate / Vinyl
Interior Features
Living Dining Room / Tub Shower / Walk In Closets
Laundry
Inside
Windows
Blinds
Main Level Bedrooms
2
Main Level Baths
2
Furnished
Unfurnished

Exterior Features

Construction
CBS Concrete Block Structure / Block
Pool Features
Association
Lot Features
Sprinklers Automatic / Less Than Quarter Acre
Waterfront Features
None
View
Garden

Community & HOA

HOA Fee
$400 / Monthly
HOA Includes
Cable Tv / Hvac / Maintenance Grounds
Association Amenities
Clubhouse / Fitness Center / Golf Course / Pool / Putting Greens
Community Features
Home Owners Association / Gated / Sidewalks
Security
Gated With Guard / Gated Community
Utilities
Cable Available / Sewer Available / Water Available
Pets Allowed
Breed Restrictions / Size Limit / Yes
55+ Community
Yes
Financing Terms
Cash / Conventional / FHA / Va Loan
Restrictions
Buyer Approval Required
MLS Area
5400

This home's HOA fee works out to $400 a month, in line with the $396 median across 22 homes for sale in Cypress Lakes. See Cypress Lakes HOA fees

Schools

Elementary School
Egret Lake
Middle School
Bear Lakes
High School
Palm Beach Lakes

Cypress Lakes is an age-restricted 55+ community in West Palm Beach, Palm Beach County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $215,000 to $350,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Cypress Lakes and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Homes for Sale
22
Under Contract
6
Median List Price
$333,750
Median $/Sq Ft
$218
Avg Days on Market
79
View all 22 homes for sale in Cypress Lakes →
How do I schedule a tour of 5036 Alfred Drive, West Palm Beach, FL 33417?
Use the Tour button on this listing to request a showing of 5036 Alfred Drive, West Palm Beach, FL 33417. 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 5036 Alfred Drive, West Palm Beach, FL 33417 still available?
5036 Alfred Drive, West Palm Beach, FL 33417 is currently listed as Under Contract, and has been on the market 206 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 5036 Alfred Drive, West Palm Beach, FL 33417?
With 20% down ($40,400) on the $202,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5036 Alfred Drive, West Palm Beach, FL 33417 is about $1,062/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 5036 Alfred Drive, West Palm Beach, FL 33417?
Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5036 Alfred Drive, West Palm Beach, FL 33417. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
Does 5036 Alfred Drive, West Palm Beach, FL 33417 have an HOA fee?
Yes: 5036 Alfred Drive, West Palm Beach, FL 33417 carries an HOA fee of about $400 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
What schools serve 5036 Alfred Drive, West Palm Beach, FL 33417?
5036 Alfred Drive, West Palm Beach, FL 33417 is zoned for Egret Lake (elementary), Bear Lakes (middle), Palm Beach Lakes (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 5036 Alfred Drive, West Palm Beach, FL 33417?
Often, yes. The right offer on 5036 Alfred Drive, West Palm Beach, FL 33417 depends on how it's priced against comparable single family sales in West Palm Beach, 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 RH Realty

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 July 1, 2026.

$202,000

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Listed by Dolores Roth, RH Realty

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