A townhome community in West Palm Beach, Florida
Lake Colony, West Palm Beach
A community of 269 townhomes built from 1981 to 1983 in three phases along Palm Bay Circle in the 33406 ZIP, in unincorporated Palm Beach County with a West Palm Beach address.
Homes, years and sizes: Palm Beach County property records (2025 tax roll).
Overview
About Lake Colony
Lake Colony is a townhome community of 269 homes in three phases, nearly all completed in 1981. It sits in unincorporated Palm Beach County with a West Palm Beach address.
The county roll lists the homes on four lettered loops of Palm Bay Circle, A through D, in Phase I, Phase II and Phase III. It codes them as single-family, but each address carries a unit letter, and listings describe them as townhouses.
The typical home is about 1,140 square feet. Descriptions mention a community pool and tennis courts, and we confirm current amenities for a specific home.
Fees and rules can differ by phase, so we confirm the phase and its association for a specific address.
At a glance
- Streets
- Palm Bay Circle
- Home type
- Townhomes
- Built
- Mostly 1981 to 1983
- Living area
- About 1,030 to 1,470 sq ft
- Zip code
- 33406
- County
- Palm Beach County
On the market now
Homes for Sale in Lake Colony
Listings inside the boundary of Lake Colony, newest first, updated through the day from BeachesMLS. Right now 6 homes are listed, averaging $281,000.
$256,500
New Listing
4031 Palm Bay Circle B West Palm Beach, Florida
2 Beds 3 Baths 1,468 SqFt
$279,000
New Listing
4183 PALM BAY Circle C West Palm Beach, Florida
2 Beds 1 Baths 1,027 SqFt 0.04 Acres
$289,000
For Sale
4155 PALM BAY Circle C West Palm Beach, Florida
2 Beds 1 Baths 1,027 SqFt 0.04 Acres
$299,900
Pending
4131 PALM BAY Circle D West Palm Beach, Florida
2 Beds 2 Baths 1,137 SqFt
$270,000
For Sale
4120 Palm Bay Circle West Palm Beach, Florida
2 Beds 2 Baths 1,137 SqFt
$289,000
Active Under Contract
4216 Palm Bay Circle B West Palm Beach, Florida
2 Beds 2 Baths 1,214 SqFt
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. 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. Information is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than Douglas Elliman Real Estate are identified with the listing firm’s name on each listing’s detail page. Listing data last updated Friday, November 6th, 2026 at 12:04:18 AM.
Closed sales
The Lake Colony Market
Closed sales inside the boundary of Lake Colony, every home type together. Medians and the middle range say more than any average, and in a community this size a single unusual sale can move a year.
Lake Colony recorded 13 closed sales in the twelve months through October 2026. Medians, so one unusual sale does not move them; we break the numbers out by home type for any home you are considering.
| Measure | Last 12 months | Year before | Change |
|---|---|---|---|
| Homes sold | 13 | 8 | +62% |
| Median sale price | $275,000 | $301,000 | -9% |
| Median price per sq ft | $239 | $234 | +2% |
| Middle 80% of sales | $240,000 to $290,000 | $270,000 to $325,000 | |
| Active listings now | 6 | ||
| Median asking price now | $275,000 | ||
| Months of supply now | 5.5 |
BeachesMLS closed sales inside the boundary of Lake Colony, twelve months through October 2026, via IDX Broker. Active listings now is live from the MLS feed; the median asking price updates monthly. Listing information deemed reliable but not guaranteed.
Association and costs
The Lake Colony Association and What It Costs
Who runs the association, what governs it, and what current listings say the fee is.
| Governed by | Chapter 720, Florida Statutes (homeowners’ associations) |
|---|
Association Fees From Current Listings
| Association fee, median | $316 a month |
|---|---|
| Typical range | $306 to $317 a month |
| Association or manager named in listings | Lake Colony |
| Usually covers | Common Areas |
| Club membership | Not required |
From 19 current and recent BeachesMLS listings in Lake Colony, via IDX Broker, refreshed weekly. Fees are monthly equivalents of the association fees in each listing; condo, master and sub-association fees can stack. The recorded documents, the current budget and the estoppel govern.
What Else to Check
- Taxes and insurance After a sale the assessed value resets the following January. Flood zone and roof age drive insurance quotes, so we check both for the address.
- Estoppel The closing agent orders an estoppel certificate from each association, which confirms what is owed at closing.
Documents to Review Before Closing
- Before you sign: the association disclosure summary and the parcel’s tax bill, including any non-ad valorem lines
- Before you sign: leasing and approval rules if you may rent, and architectural rules for exterior changes
- Before closing: estoppel certificates from every association that applies
Where it sits
Around Lake Colony
Places nearby.
Zoned Public Schools
The School District of Palm Beach County assigns public schools by address, and boundaries can change, so we confirm them for the home you are considering.
How it came to be
A Short History of Lake Colony
- 1981
Most Lake Colony homes on the county roll were completed this year.
- 1983
The latest homes, in Phase III, were completed.
Sources: Palm Beach County 2025 tax roll (Florida Department of Revenue).
The boundary
Lake Colony on the Map
Questions
Questions Buyers Ask About Lake Colony
What do homes in Lake Colony cost right now?
Right now 6 homes are listed for sale inside Lake Colony, at an average asking price of $281,000 (about $245 per square foot), as of November 6, 2026. The market section above shows what homes here actually sold for over the past year.
How many homes are in Lake Colony?
The county roll counts 269, all in Phase I, Phase II or Phase III, along Palm Bay Circle.
Is Lake Colony in the City of West Palm Beach?
No. It has a West Palm Beach address in the 33406 ZIP but sits in unincorporated Palm Beach County.
Are Lake Colony homes townhouses or single-family?
The roll codes them single-family; listings describe townhouses with lettered units. We confirm the home type and shared walls for a specific address.
Is Lake Colony gated?
Descriptions say non-gated. We confirm access for a specific home.
Does each phase have its own association?
We have not confirmed this. Listing fees differ by phase, so we confirm the association and what it covers for a specific home.
How many homes are in Lake Colony, and when were they built?
Palm Beach County property records list 269 residential parcels in Lake Colony, most built 1981 to 1983, with a typical living area of about 1,140 square feet.
What are the association fees in Lake Colony?
The fee table on this page is drawn live from current and recent listings. The seller’s disclosure, the association disclosure summary and the estoppel certificate confirm the exact amount for a specific home.
Is Lake Colony gated?
Descriptions call Lake Colony open and non-gated; we confirm access for a specific home.
Which public schools serve Lake Colony?
The School District of Palm Beach County assigns public schools by address, and boundaries can change, so we confirm them for the home you are considering.
Keep Exploring
More West Palm Beach Neighborhood Guides
Also in West Palm Beach
- Abbey Park
- Belvedere Isles
- Charleston Commons
- Emerald Dunes
- Forest Hill Gardens
- Gramercy Park
- Jonathan’s Cove
- Magnolia Court
- Northboro Park
- Norton Park Place
- Palm Club Village
- Providencia Park
- Smaller Neighborhoods of West Palm Beach: A to F
- Summit Pines
- Victoria Woods
- Whispering Oaks
Lake Colony · West Palm Beach
Let Us Take Care of the Details
Tell us the street or the home in Lake Colony. We come back with the listings, the association’s fees and rules, and what similar homes sold for, then arrange the visits and coordinate every step to closing day.
Monika Phillips, Sales Associate, Douglas Elliman Real Estate
- Association fees, rules and documents gathered for each home
- Leasing and approval rules pulled up front
- Tax bill and flood zone checked for the address
- One team from the first look to closing day
Home counts, years built and sizes come from Palm Beach County property records (2025 tax roll); association records from the Florida Division of Corporations. Listing and sales data from BeachesMLS via IDX is deemed reliable but not guaranteed; listings may be held by brokerages other than Douglas Elliman. Association fees shown come from current and recent listings and can differ from the association’s budget; recorded documents and the associations’ own figures control. Verify anything that matters to your decision with the source. Monika Phillips, Sales Associate, Douglas Elliman Real Estate. Equal Housing Opportunity.
