Lake Clarke Gardens Condo 5 Homes for Sale

Lake Clarke Gardens Condo 5 is an age-restricted 55+ community in Lake Worth Beach, Palm Beach County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $84,900 to $119,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Lake Clarke Gardens Condo 5 and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Lake Clarke Gardens Condo 5 and the Lake Worth Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 4 Lake Clarke Gardens Condo 5 Lake Worth Beach homes for sale as of October 2026. The median asking price is $94,000. Asking prices run from $30,000 to $130,000.

That is 78% below the Lake Worth Beach median of $435,000. On a per-foot basis, homes here ask about $99 per square foot, compared with $346 across Lake Worth Beach. So the median price buys roughly 950 square feet of living area.

Listings here have averaged 175 days on the market. That is slower than the Lake Worth Beach average of 117 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Lake Clarke Gardens Condo 5 date from 1968, so they are about 58 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Lake Clarke Gardens Condo 5 is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Lake Clarke Gardens Condo 5 have a median asking rent of $1,645 per month, across 2 active rental listings. For comparison, the Lake Worth Beach median is $1,995, so rents here run 18% lower.

You can browse current Lake Worth Beach rentals or ask us for a rent estimate on a specific Lake Clarke Gardens Condo 5 home.

Here is what the median Lake Clarke Gardens Condo 5 price means in Florida closing terms. At $94,000, a 20% down payment comes to about $19,000, leaving a loan near $75,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $264. Next, the intangible tax of 0.2% adds about $151. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Lake Clarke Gardens Condo 5 median, that is about $660.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Lake Clarke Gardens Condo 5 listings show assignments to Meadow Park (elementary), Conniston Community (middle) and Forest Hill (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.