For SaleRisky Deal55 days on market
130 LAKE MERYL Drive #227
130 LAKE MERYL Drive #227, West Palm Beach, FL 33411, West Palm Beach, FL 33411
$160,000
Listing Price
130 LAKE MERYL Drive #227, West Palm Beach, FL 33411
Loc: West Palm Beach, FL
Days Listed
55
Tax Assessed
$91k
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
6
Benoist Farms Elementary School
PK-5
0.8 mi away
4
Jeaga Middle School
6-8
3 mi away
3
Royal Palm Beach High School
9-12
3.1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
screened balconystucco exteriorwaterfront viewcovered porchoutdoor living spaceceiling fancontemporarynatural lightriverfrontscenic landscapeprivate terraceminimalistresidential balcony
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.53%
Total ROI
79.1%
Cash Flow
$-93/mo
DSCR
0.89
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-93/mo net cash flow with a 5.5% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.5%)
- • Strong rental demand in West Palm Beach
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-07-31 | Listed for sale | $160,000 | $146 |
| 2024-04-10 | Listing removed | $0 | – |
| 2021-04-09 | Sold | $97,000 | $89 |
| 2021-03-29 | Listing removed | $0 | – |
| 2021-02-24 | Contingent | $100,000 | $91 |
| 2021-02-17 | Listed for sale | $100,000 | $91 |
| 2021-01-20 | Listing removed | $100,000 | $91 |
| 2021-01-06 | Price change | $100,000 | $91 |
| 2020-12-09 | Price change | $105,000 | $96 |
| 2020-10-20 | Price change | $110,000 | $100 |
| 2020-07-29 | Listed for sale | $120,000 | $109 |
| 2018-10-23 | Sold | $61,500 | $56 |
| 2018-08-22 | Listed for sale | $69,900 | $64 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,139 | $91,030 |
| 2024 | $1,096 | $88,465 |
| 2023 | $1,051 | $85,888 |
| 2022 | $1,023 | $83,386 |
| 2021 | $1,597 | $76,000 |
| 2020 | $1,517.78 | $71,000 |
| 2019 | $1,481.79 | $68,000 |
| 2018 | $1,481.79 | $27,924 |
| 2017 | $300.22 | $27,350 |
| 2016 | $268.39 | $26,787 |
| 2015 | $256.64 | $26,601 |
| 2014 | $249.74 | $26,390 |
| 2013 | $239.42 | $26,000 |
| 2012 | $199.58 | $26,000 |
| 2011 | $376.03 | $35,000 |
| 2010 | $431.13 | $38,000 |
| 2009 | $415.24 | $38,323 |
| 2008 | $380.89 | $38,285 |
| 2007 | $356.02 | $37,170 |
| 2006 | $353.51 | $36,263 |
| 2005 | $0 | $35,207 |
| 2004 | $90.07 | $34,182 |
| 2003 | $139.05 | $33,545 |
| 2002 | $290.64 | $32,759 |
| 2001 | $281.39 | $32,243 |
| 2000 | $258.95 | $31,304 |
| 1999 | $106.94 | $31,500 |
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