1118 Lake Terrace # H, Boynton Beach FL 33426, BOYNTON BEACH, FL, 33426
Active113 days on marketListed Apr 27, 2026MLS #B26020977
About this home
1118 Lake Terrace # H, Boynton Beach FL 33426
Welcome to your slice of paradise in Palm Beach Leisureville!. This spacious renovated 2 bedroom/ 2 bath unit offers stunning, tranquil lake views that create the perfect picturesque backdrop. Step inside to a bright and airy split floor plan with a totally renovated granite kitchen, a huge island, featuring sleek Custom European Cabinetry, soft touch features, undermount cabinet lighting and ample storage. ideal for casual meals and entertaining. Renovated bright bathrooms, have detailed features and lighting, not to mention the TOTO toilet, bidet in the primary bedroom!!. Views not to missed practically from every room. This 55+ community offers and active lifestyle with resort style amenities, including a clubhouse, 3 pools, golf courses and social activities - all just minutes from shopping, dining and fabulous beaches. This is an opportunity to own a turn key waterfront gem that offers a "free recreation lease " for Golfing , and activities with no membership equity in the most affordable and desirable community in Boynton Beach.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
962
Sqft
0 ac
Lot size
1973
Year built
2
Levels
$207
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$2,002 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,002/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+7.4%
$/sqft vs Boynton Beach actives
$207 vs $235
Days on market
113 vs 64 typical
Where $207/sqft sits among the 399 Boynton Beach actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Boynton Beach
Get to know Boynton Beach. See the full Boynton Beach guide →
BOYNTON BEACH 33426 — neighborhood snapshot
Population
24,424
Median age
43.9
Median income
$76,328
Median home value
$298,500
Avg household
2.18
Households w/ children
1,949
For the school run
Palm Beach County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Boynton Beach market
$555K → $405K
Boynton Beach median sold, yr/yr
98.7%
Sale-to-list ratio (12 mo)
42 of 399
Boynton Beach actives have cut their price
Median sold price, Boynton Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 13% below the BOYNTON BEACH 33426 median. See the full Boynton Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 1118 Lake Terrace # H
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$175,000
1804 Ocean Drive # 109, Boynton Beach FL 33426 · same community
2 bd · 2 ba · 962 sqft · $182/sqft · 166 DOM
Sold · Feb ’26$120,000
1115 LAKE TER # 206, Boynton Beach FL 33426 · same community
2 bd · 1 ba · 729 sqft · $165/sqft · 30 DOM
Sold · Aug ’25$175,000
1802 Ocean Drive # 109, Boynton Beach FL 33426 · same community
2 bd · 1 ba · 729 sqft · $240/sqft · 181 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Anthony Richardson
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 1118 Lake Terrace # H — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1118 Lake Terrace # H — before you fall in love.
See it in person
Schedule a tour
Live availability from Anthony's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1118 Lake Terrace # H FAQs
What would the monthly payment be for 1118 Lake Terrace # H, Boynton Beach FL 33426?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,002/mo — principal and interest, the actual property-tax bill, the $516/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 1118 Lake Terrace # H, Boynton Beach FL 33426?+
The association fee works out to $516 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 1118 Lake Terrace # H, Boynton Beach FL 33426?+
The most recent tax bill on record (2025) was $797. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 1118 Lake Terrace # H, Boynton Beach FL 33426?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Boynton Beach?+
At $199,000, this home is listed about 39% below the Boynton Beach median of $325,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1118 Lake Terrace # H, Boynton Beach FL 33426?+
Boynton Beach Community High (high), Freedom Shores Elementary School (elementary), Congress Community Middle School (middle), Glades Construction Academy At West Technical (high) — Palm Beach County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the BOYNTON BEACH 33426 market on paper
$199,000 is 13% below the BOYNTON BEACH 33426 median of $229,500, and at $207/sqft it sits under the Boynton Beach average of $258.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $516/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04The price has already moved
Listed at $210,000, now $199,000 — a $11K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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