7116 W LAKE DR, LAKE CLARKE SHORES, FL 33406

7116 W LAKE DR, LAKE CLARKE SHORES, FL 33406 is a property built in 1956 on a 12,193 square foot lot. The property is currently owned by SMITH PERRY V & SMITH RACHEL, recorded as of 2026-04-03. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2024-12-17 for $275,000. The property sold for $275,000 less than the prior sale of $550,000 on 2024-12-17. There are 6 recorded sales for this property.

The 2026 assessed value is $431,793 with a market value of $431,793. This breaks down to $236,079 for the land and $195,714 for the building. The property has the following tax exemptions: homestead.

The median household income in this area is $112,733, and the median home value is $466,300. The population density is 3,351 people per square mile. There are active mortgage liens totaling $501,676 recorded against this property.

7116 W LAKE DR, LAKE CLARKE SHORES, FL 33406 is located in LAKE CLARKE SHORES, Florida. Property records, tax assessments, sales history, and ownership information for this LAKE CLARKE SHORES property are sourced from palm_beach County public records. The complete ownership history of this property spans from 2023 to 2024, with 6 recorded transactions in the public record.

The current assessed value represents 157% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal..