Model Land Co Homes for Sale

Model Land Co is a residential community in Lake Worth, Florida.

Pure Equity Realty covers Model Land Co 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 a single listing for Model Land Co Lake Worth homes for sale as of September 2026. The median asking price is $799,000.

That is 88% above the Lake Worth median of $425,000. On a per-foot basis, homes here ask about $317 per square foot, compared with $250 across Lake Worth. So the median price buys roughly 2,500 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 92 days on the market. That tracks the Lake Worth average of 108 days, so pricing and terms follow the wider city market.

Homes listed in Model Land Co date from 1971, so they are about 55 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.

Here is what the median Model Land Co price means in Florida closing terms. At $799,000, a 20% down payment comes to about $160,000, leaving a loan near $639,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,237. Next, the intangible tax of 0.2% adds about $1,278. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Model Land Co median, that is about $5,593.

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.