Lake Worth Beach Property Values

PROPERTY VALUES IN Lake Worth Beach have topped $4 billion

This is a milestone that comes as the state Legislature considers massive property tax relief measures that would wipe away billions in tax revenue for local governments across Florida in the coming years.

The breakdown of this milestone highlights a mix of new building and market growth:

The New Construction Boom: The city gained $69.3 million from new developments, such as the Avery Lake Worth Beach luxury apartments on Boutwell Road.

The Total Value: The 8.7% jump pushed the city past the $4 billion mark.

Organic Growth: Even without new builds, existing property values grew by roughly 6.8% to about $3.9 billion. This data comes from preliminary June 1 estimates released by the Palm Beach County Property Appraiser.

Source: Lake Worth Beach Independent
216 Fordham Dr., Lake Worth Beach, FL 33460