The Lucerne is a 5-unit Art Deco property featuring 4 studio apartments and a detached 2BD/2BA single-family home, offering privacy and flexibility for personal use or premium STR. Located just minutes from Palm Beach beaches, golf courses, downtown Lake Ave shops and dining, and the iconic Gulfstream Hotel, which is undergoing a $100M+ renovation expected to transform the area’s hospitality market. Zoned Downtown Commercial, this well-maintained property has zero deferred maintenance and all tenants on month-to-month leases, allowing for immediate repositioning. With strong income potential, value-add upside through interior upgrades, and versatile configurations for investors or owner-users, The Lucerne is a rare, high-demand opportunity in a booming market.
Listed by Alexis Shapiro
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License #3346131
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ONE Commercial LLC
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954-573-4449
Last updated July 16, 2025
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Source: MIAMIRE #A11821345
Listing Facts
TypeMulti-family
NeighborhoodBryant Park
Days on Prevu89
Taxes$12,350/year
Size2,730 sqft
Price per sqft$658
Amenities
Pets Allowed
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
07/16/2025
Price Decreased
$1,795,000
06/12/2025
Listed by ONE Commercial LLC
$1,850,000
Property Details for 101 Lucerne Ave
Association
General
Number Of Units In Community: 2
Exterior
Construction
Number Of Units Total: 5
Roof: Flat Tile
Stories: 2
Stories Total: 2
Structure Type: Quadruplex, Fourplex
Year Built: 1945
Year Built Details: Resale
Architectural Style: Detached
Building Name: LAKE WORTH TOWN OF
Construction Materials: Concrete Block Construction
Measurements
Building Area Total: 3,277
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 38434421155130050
Tax Annual Amount: $12,350.00
Tax Year: 2024
Interior
Features
Flooring: Terrazzo, Tile, Vinyl, Wood
Measurements
Living Area: 2,730
Living Area Units: Square Feet
Other
Location
Subdivision Name: LAKE WORTH TOWN OF
Parking
Parking
Parking Total: 5
Utilities
Equipment
Cooling: Central Air, Wall/Window Unit(s)
Has Cooling: Yes
Heating: Window/Wall
Has Heating: Yes
Sewer: Public Sewer
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.