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55+ Community · North Palm Beach, FL
Lake Colony Apts One Inc is an age-restricted 55+ community in North Palm Beach, Palm Beach County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $175,000 to $205,000.
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Lake Colony Market at a Glance
Live MLS · Updated Sep 2, 2026
Residential MLS data for Lake Colony, updated nightly. View full market reports →
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Market Overview
There are 11 active listings for sale in Lake Colony right now. The median list price is $189,000, or about $226 per square foot. Listings span $165,000 to $337,900, so there is inventory across most budgets. Homes are averaging 146 days on market. These figures update from the MLS as the market moves.
Lake Colony Market Stats
Live MLSFrequently Asked Questions
About Lake Colony
Lake Colony Apts One Inc is an age-restricted 55+ community in North Palm Beach, Palm Beach County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $175,000 to $205,000. At least one resident per home must be 55 or older. Pure Equity Realty represents buyers and sellers in Lake Colony Apts One Inc at 1% listing commission. Free buyer representation.
Homes & Architecture
Homes for sale in Lake Colony offer 1 to 2 bedrooms and 1 to 2.5 baths. Living areas run from about 640 to 1,468 square feet. The mix here includes condo and townhouse homes. Current prices run from $165,000 to $337,900. The homes on the market were built between 1965 and 1981.
Schools
Homes for sale in Lake Colony are typically zoned for the North Palm Beach public schools below, based on current MLS listings. Confirm the exact attendance zone for any specific address with the Palm Beach County school district before you buy.
Market & Value
Values in Lake Colony track the community's own sales more closely than any broad regional number. The median list price in Lake Colony is around $189,000, or roughly $226 per square foot. That sits about 60% below the Palm Beach County median, which shows where Lake Colony lands in the local market. Recent asking prices have run from $165,000 to $337,900, so the home you choose within Lake Colony matters as much as the community average. Homes here have recently taken about 146 days to go under contract, a useful gauge of how quickly the Lake Colony market is moving. For pricing an offer or a listing, comparable sales within Lake Colony carry more weight than any headline number, since homes of the same type and size set the real range. Pure Equity Realty can pull the active and recently sold homes in Lake Colony so you work from real numbers, not an estimate.
Who It Suits
A quick read on who fits Lake Colony saves time before you visit. As an age-restricted community, Lake Colony fits active adults, downsizers, and seasonal residents who want a lock-and-leave home and a full social calendar. At least one resident usually needs to meet the age requirement, so confirm the specific age rule and any younger-spouse provision before you buy. On price, Lake Colony sits toward the more attainable end of the market, which draws first-time buyers, downsizers, and investors. Whether Lake Colony is right for you depends on how you plan to use the home, full time or seasonally, and Pure Equity Realty can walk you through the tradeoffs before you commit.
Amenities & Lifestyle
Waterfront homes here offer canal, lake, or Intracoastal frontage, and some sites include private dockage. As an age-restricted community, Lake Colony centers on an active adult lifestyle, with amenities and a social calendar built for residents 55 and over.
Location
Lake Colony is located in North Palm Beach, part of Palm Beach County, Florida. The North Palm Beach area's shopping, dining, schools, and parks are all nearby, and the region's job centers, beaches, and airports are within driving distance.
Buying in Lake Colony
Buying in Lake Colony follows the same path as the rest of Palm Beach County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Ask for the association's governing documents, budget, and reserve study before you write an offer. Association fees, any club or membership costs, and rules on rentals, pets, and leasing vary by community and materially affect the true cost of ownership. Property taxes factor into the monthly payment: the median annual property tax in Palm Beach County is about $3,600. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows North Palm Beach means you see new listings in Lake Colony the day they reach the market.
Selling in Lake Colony
A successful sale in Lake Colony comes down to pricing, presentation, and marketing. List prices in Lake Colony currently center around $189,000, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Buyers in an association community also want to see the HOA or condo docs, the reserve study, and any pending or special assessments up front, so having those ready before you list avoids delays once you are under contract. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for Lake Colony owners in North Palm Beach, so you can see what your property could sell for before you commit to listing.
Public Records
Anything on this page that affects what a home costs to own, assessed value, exemptions, flood zone, is published by a public agency. These are the official sources, not our summaries of them.
Palm Beach County Property Appraiser
Assessed value, homestead exemption status, and recorded sales history for any parcel.
FEMA Flood Map Service Center
Look up the official flood zone for an address before you budget for insurance.
Florida Department of Revenue, property taxes
How Florida assesses property, and which exemptions you can claim.
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