Covered Bridge Homes for Sale

Covered Bridge is an age-restricted 55+ community in Lake Worth, Palm Beach County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $132,900 to $200,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Covered Bridge 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 Covered Bridge and the Lake Worth 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 22 Covered Bridge Lake Worth homes for sale as of October 2026. The median asking price is $194,000. Asking prices run from $130,000 to $265,000.

That is 54% below the Lake Worth median of $420,000. On a per-foot basis, homes here ask about $184 per square foot, compared with $250 across Lake Worth. So the median price buys roughly 1,050 square feet of living area.

Listings here have averaged 85 days on the market. That tracks the Lake Worth average of 103 days, so pricing and terms follow the wider city market.

Homes listed in Covered Bridge date from 1979 to 1983. That puts them between 43 and 47 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.

Covered Bridge is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Covered Bridge have a median asking rent of $2,025 per month, across 7 active rental listings. For comparison, the Lake Worth median is $2,405, so rents here run 16% lower.

For investors, those medians imply a gross yield near 12.6% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Lake Worth rentals or ask us for a rent estimate on a specific Covered Bridge home.

Here is what the median Covered Bridge price means in Florida closing terms. At $194,000, a 20% down payment comes to about $39,000, leaving a loan near $155,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $542. Next, the intangible tax of 0.2% adds about $310. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Covered Bridge median, that is about $1,355.

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 Covered Bridge listings show assignments to Liberty Park (Palm Beach) (elementary), Okeeheelee (middle) and Dr. Joaquin Garcia (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.