Main Content

Home » Properties » Search MLS

5116 Palm Way, Lake Worth, FL 33463 (MLS# R11073565)

5116 Palm Way, Lake Worth, FL 33463

$570,000

Virtual Tour

https://mls.ricoh360.com/6c0d369e-b542-4db9-a8af-cd2c6ab17ea4

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,947 Status: Closed

Current Price: $570,000 List Date: 3/20/2025 Last Modified: 5/08/2026

Overview

Description

Discover the perfect blend of space and comfort in this 3-bedroom, 2.5-bathroom home, nestled in the highly desirable non-HOA community of Biltmore Terrace in Lake Worth. A charming French door entry welcomes you into a bright and airy living space, where cathedral ceilings and windows create an inviting atmosphere. The open living and dining areas seamlessly flow to the screened patio through sliding glass doors, providing the ideal setting for indoor-outdoor living. A thoughtfully designed kitchen boasts oversized windows, a breakfast area with patio access, and ample storage, while a separate family room offers additional space for relaxation or entertaining.

Supplements: The main bedroom serves as a peaceful retreat, complete with a spacious walk-in closet and an ensuite bathroom featuring a separate tub and shower. All additional bedrooms are generously sized, carpeted, and equipped with ample closet space. A conveniently located guest bathroom and a laundry closet add to the home's functionality. The garage is an ... (Read more)

Listing Details MLS# R11073565

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 3
Bathrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Building Area Main: 2947
Building Area Source: Public Records
Living Area Main: 2015
Year Built: 1988
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Gated Community YN: No
Lot Size Area: 26469
Lot Size Acres: 0.61
Lot Size Dimensions: 0.6076
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Direction Faces: North
Pool Private YN: No
Furnished: Unfurnished

Property Features

Dining Area: Formal Dining Electric: Three Phase Flooring: Carpet; Ceramic Tile Parking Features: Circular Driveway; Garage Door Opener; Open; Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Architectural Style: Ranch; Traditional Construction Materials: Frame; Stucco Cooling: Ceiling Fan(s); Central Air Fencing: Fenced Heating: Central; Electric Interior Features: Bar; Cathedral Ceiling(s); French Doors; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Inside; Laundry Closet Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Sidewalks Pets Allowed YN: Yes Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Road Surface Type: Paved Roof: Composition; Shingle Security Features: Security System Owned Sewer: Septic Tank Special Information: Sold As-Is Storm Protection Details: None Tax Information: County Only Utilities: Cable Available; Water Available View: Garden Water Access: None Water Source: Well Window Features: Blinds; Drapes; Sliding Showing Requirements: Appointment Only; Schedule Online; See Remarks Outdoor Living Spaces: Patio Patio Details: Patio - Open; Patio - Screened Contingencies: None Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Dining Room; Family Room; Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 635000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 5116
Street Name: Palm
Street Suffix: Way
City Name: Lake Worth
State Or Province: FL
Postal Code: 33463
Postal Zip: 33463
Subdivision Name: BILTMORE TERRACE
Development Name: BILTMORE TERRACE
Area: 4590
Geographic Area: PB14
Elementary School: Hidden Oaks K-8
Middle Or Junior School: Christa McAuliffe
High School: Park Vista
Special Assessment YN: No
Parcel Number: 00424511010001200
Zoning: AR
Directions: Get on I-95 S, Follow I-95 S to Hypoluxo Rd in Lantana. Take exit 60 from I-95 S, Continue on Hypoluxo Rd. Drive to N Palm Way.
Multiple Offers Accepted: Yes

Financial Information

Association Deposit YN: No
Membership Fee Required YN: No
Tax Annual Amount: 7870
Tax Year: 2024
Tax Legal Description: BILTMORE TERRACE 1ST ADD UNREC~ LT 120

Status Change Information

Major Change Timestamp: 2025-06-27T17:26:36Z
Major Change Type: Status Change
Price Change Timestamp: 2025-04-17T19:55:26Z
Status Change Date: 2025-06-27
Under Contract Date: 2025-05-15
Close Date: 2025-06-27
Close Price: 570000
Buyer Financing: Conventional

More Information

Entry Information

Entry Location: Entry Level Living Area Y

Short Sale Details

Short Sale Addendum: No

Main Level Rooms

Main Level Bathrooms: 2
Main Level Bedrooms: 3

Showing Details

Pet(s) on Premises: No

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Room Types

Bedroom 2 Level: Main
Bedroom 3 Level: Main
Bedroom 4 Level: Main
Dining Room Level: Main
Kitchen Level: Main
Living Room Level: Main
Master Bedroom Level: Main
Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Dining Room: Yes
Family Room: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bedroom: Yes

Price Calculations

Current Price To SqFt: 282.87
Original List Price To Close Price: 1.11

Originating Details

Originating System Key: 20250317144538290093000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Amenities

None: Yes

Dining Area

Formal Dining: Yes

Electric

Three Phase: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes

Parking Features

Circular Driveway: Yes
Garage Door Opener: Yes
Open: Yes
Attached Garage: Yes
Garage: Yes

Property Condition

Resale: Yes

Fencing

Fenced: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Septic Tank: Yes

Special Information

Sold As-Is: Yes

Utilities

Cable Available: Yes
Water Available: Yes

View

Garden: Yes

Heating

Central: Yes
Electric: Yes

Water Access

None: Yes

Window Features

Blinds: Yes
Drapes: Yes
Sliding: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Refrigerator: Yes
Washer: Yes
Water Heater: Yes

Construction Materials

Frame: Yes
Stucco: Yes

Interior Features

Bar: Yes
Cathedral Ceiling(s): Yes
French Doors: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet(s): Yes

Laundry Features

Inside: Yes
Laundry Closet: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Lot Features

Sidewalks: Yes

Road Surface Type

Paved: Yes

Roof

Composition: Yes
Shingle: Yes

Security Features

Security System Owned: Yes

Water Source

Well: Yes

Water Heater Details

Electric Water Heater: Yes

Architectural Style

Ranch: Yes
Traditional: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Showing Requirements

Appointment Only: Yes
Schedule Online: Yes
See Remarks: Yes

Master Bedroom/Bath

Master Bdrm - Upstairs: Yes
Separate Shower: Yes
Separate Tub: Yes

Pets Allowed YN

Yes: Yes

Restrictions

No Restrictions: Yes

Storm Protection Details

None: Yes

Tax Information

County Only: Yes

Outdoor Living Spaces

Patio: Yes

Patio Details

Patio - Open: Yes
Patio - Screened: Yes

Contingencies

None: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes

Room Information

Room Name	Length	Width	Level
Bedroom 2	11.00	10.00	Main
Bedroom 3	12.00	11.00	Main
Bedroom 4	11.00	10.00	Main
Dining Room	11.00	13.00	Main
Kitchen	14.00	12.00	Main
Living Room	18.00	14.00	Main
Master Bedroom	14.00	13.00	Main
Family Room
Laundry

Documents

Seller's Property Disclosure ›

Listing Office: KW Reserve Palm Beach

Last Updated: May - 08 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Main Content

5116 Palm Way, Lake Worth, FL 33463 (MLS# R11073565)