Island Estates Homes for Sale

Island Estates is a waterfront community in Lake Worth, Palm Beach County, Florida. Active listings are priced from $774,900 to $899,000. Homes were built between 1961 and 1964. Pure Equity lists homes in Island Estates 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 Island Estates 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 3 Island Estates Lake Worth homes for sale as of October 2026. The median asking price is $989,000. Asking prices run from $980,000 to $1.2M.

That is 135% above the Lake Worth median of $420,000. On a per-foot basis, homes here ask about $595 per square foot, compared with $249 across Lake Worth. So the median price buys roughly 1,650 square feet of living area.

Listings here have averaged 41 days on the market. That is faster than the Lake Worth average of 105 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Island Estates date from 1961 to 1964. That puts them between 62 and 65 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.

Island Estates includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Here is what the median Island Estates price means in Florida closing terms. At $989,000, a 20% down payment comes to about $198,000, leaving a loan near $791,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,769. Next, the intangible tax of 0.2% adds about $1,582. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Island Estates median, that is about $6,923.

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 Island Estates listings show assignments to Starlight Cove (elementary), Lantana Community (middle) and Santaluces (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.