Somerset Condos Homes for Sale

Somerset Condos is a residential community in West Palm Beach, Florida. Active listings are currently priced from $99K–$165K.

Pure Equity Realty covers Somerset Condos and the West Palm 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 3 Somerset Condos West Palm Beach homes for sale as of October 2026. The median asking price is $165,000. Asking prices run from $99,000 to $165,000.

That is 49% below the West Palm Beach median of $325,000. On a per-foot basis, homes here ask about $189 per square foot, compared with $248 across West Palm Beach. So the median price buys roughly 850 square feet of living area.

Listings here have averaged 27 days on the market. That is faster than the West Palm Beach average of 118 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Somerset Condos date from 1972, so they are about 54 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.

Rentals in Somerset Condos have a median asking rent of $1,700 per month, across 1 active rental listing. For comparison, the West Palm Beach median is $2,250, so rents here run 24% lower.

You can browse current West Palm Beach rentals or ask us for a rent estimate on a specific Somerset Condos home.

Here is what the median Somerset Condos price means in Florida closing terms. At $165,000, a 20% down payment comes to about $33,000, leaving a loan near $132,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $462. Next, the intangible tax of 0.2% adds about $264. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Somerset Condos median, that is about $1,155.

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 Somerset Condos listings show assignments to Grassy Waters (elementary), Bear Lakes (middle) and Palm Beach Lakes (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.