101 Lucerne Ave, Lake Worth FL 33460 | Palm Beach County | A11821345

101 Lucerne Ave, Lake Worth FL 33460

Residential Income Active

$1,795,000

18 More

Type
Quadruplex

2730 Square Feet
Area Size

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Residential Income Active

101 Lucerne Ave, Lake Worth FL 33460 | Palm Beach County | A11821345

101 Lucerne Ave, Lake Worth FL 33460

$1,795,000

Description

The Lucerne is a 5-unit Art Deco property featuring 4 studio apartments and a detached 2BD/2BA single-family home, offering privacy and flexibility for personal use or premium STR. Located just minutes from Palm Beach beaches, golf courses, downtown Lake Ave shops and dining, and the iconic Gulfstream Hotel, which is undergoing a $100M+ renovation expected to transform the area’s hospitality market. Zoned Downtown Commercial, this well-maintained property has zero deferred maintenance and all tenants on month-to-month leases, allowing for immediate repositioning. With strong income potential, value-add upside through interior upgrades, and versatile configurations for investors or owner-users, The Lucerne is a rare, high-demand opportunity in a booming market.

Address

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Address: Lucerne Ave
City: Lake Worth
State/county: Palm Beach County
Zip/Postal Code: 33460
Area: LAKE WORTH TOWN OF

Details

Updated on September 17, 2025 at 12:24 am

Property ID A11821345
Price $1,795,000
Property Size 2730 Square Feet
Year Built 1945
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Detached
BuildingAreaTotal 3277
BuildingAreaUnits Square Feet
BuildingName LAKE WORTH TOWN OF
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2025-06-12
Cooling Central Air, Wall/Window Unit(s)
DaysOnMarket 34
DocumentsAvailable Copy Of Lease(S), Other Available Information
Flooring Terrazzo, Tile, Vinyl, Wood
Heating Window/Wall
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 954-573-4449
ListAgentEmail ashapiro@onecommercialre.com
ListAgentFullName Alexis Shapiro
ListAgentKey 3e49953067abb2ac39a598a15fed3ea7
ListAgentMlsId 3346131
ListAgentOfficePhone 305-666-0562
ListAgentStateLicense 3346131
ListOfficeFax 305-666-4187
ListOfficeKey bfe95155cb757cf9109f6b725fe890e9
ListOfficeMlsId ONEC01
ListOfficeName ONE Commercial LLC
ListOfficePhone 305-666-0562
ListingAgreement Exclusive Agency
ListingContractDate 2025-06-12
ListingKey 84431f2e18fbde4c279a1bbd89ea9a8a
ListingTerms All Cash, Conventional, Owner Will Carry
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Lake Worth Town Of
MajorChangeTimestamp July 16, 2025 at 06:32pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp July 16, 2025 at 06:32pm
NumberOfUnitsInCommunity 2
NumberOfUnitsTotal 5
OnMarketDate 2025-06-12
OriginalEntryTimestamp June 12, 2025 at 06:38pm
OriginalListPrice 1850000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 38434421155130050
ParkingTotal 5
PhotosChangeTimestamp June 12, 2025 at 06:45pm
PhotosCount 23
PostalCodePlus4 3913
PreviousListPrice 1850000
PriceChangeTimestamp July 16, 2025 at 06:32pm
PublicSurveyRange 38
PublicSurveySection 21
PublicSurveyTownship 38
RentIncludes Electricity, Hot Water, Gardener, Pest Control, Sewer, Water
Roof Flat Tile
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 412799094
StateOrProvince FL
StatusChangeTimestamp June 12, 2025 at 06:38pm
Stories 2
StoriesTotal 2
StreetName Lucerne Ave
StreetNumber 101
StreetNumberNumeric 101
StructureType Quadruplex, Fourplex
SyndicationRemarks The Lucerne is a 5-unit Art Deco property featuring 4 studio apartments and a detached 2BD/2BA single-family home, offering privacy and flexibility for personal use or premium STR. Located just minutes from Palm Beach beaches, golf courses, downtown Lake Ave shops and dining, and the iconic Gulfstream Hotel, which is undergoing a $100M+ renovation expected to transform the area’s hospitality market. Zoned Downtown Commercial, this well-maintained property has zero deferred maintenance and all tenants on month-to-month leases, allowing for immediate repositioning. With strong income potential, value-add upside through interior upgrades, and versatile configurations for investors or owner-users, The Lucerne is a rare, high-demand opportunity in a booming market.
TaxAnnualAmount 12350
TaxLegalDescription TOWN OF LAKE WORTH LT 5 BLK P
TaxYear 2024
YearBuiltDetails Resale
Zoning DT (city