A gated townhome community in Lake Worth, Florida
Colony Reserve, Lake Worth
A gated community of about 190 townhomes on Monterra Club Drive and Palm Colony Drive around a four-acre lake with a lakefront clubhouse, built from 2016 to 2020.
Homes, years and sizes: Palm Beach County property records (2025 tax roll); plats: Palm Beach County recorded plats.
Overview
About Colony Reserve
Colony Reserve is a newer gated townhome community set around a four-acre lake, with a floating dock and a lakefront clubhouse. The county roll dates its homes from 2016 to 2020.
The roll counts about 186 homes on the Colony Reserve at Lake Worth plat, nearly all on Monterra Club Drive. Most share one plan of about 1,620 square feet of living area.
Amenities named in our research include the clubhouse, a fitness room, a heated pool and spa, playgrounds and walking trails.
It is in the 33463 ZIP. Palm Beach County property records place it in unincorporated Palm Beach County with a Lake Worth mailing address, so county rules apply.
At a glance
- Streets
- Monterra Club Drive and Palm Colony Drive
- Home type
- Townhomes
- Built
- Mostly 2016 to 2019
- Living area
- About 1,620 to 1,620 sq ft
- Zip code
- 33463
- County
- Palm Beach County
- Recorded plat
- Colony Reserve at Lake Worth
On the market now
Homes for Sale in Colony Reserve
Listings inside the boundary of Colony Reserve, newest first, updated through the day from BeachesMLS. No homes are listed for sale here right now. New listings come up through the year; ask me to watch for one.
$385,000
For Sale
5767 Monterra Club Drive Lake Worth, Florida
3 Beds 3 Baths 1,622 SqFt 0.04 Acres
$400,000
For Sale
5831 Monterra Club Drive Lake Worth, Florida
3 Beds 3 Baths 1,622 SqFt 0.04 Acres
$459,000
For Sale
5815 Monterra Club Drive Lake Worth, Florida
3 Beds 3 Baths 1,622 SqFt
$398,500
For Sale
5984 MONTERRA CLUB Drive NW Lake Worth, Florida
3 Beds 3 Baths 1,622 SqFt 0.04 Acres
$399,900
For Sale
5978 Monterra Club Drive Lake Worth, Florida
3 Beds 3 Baths 1,622 SqFt 0.04 Acres
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 Tuesday, November 3rd, 2026 at 10:14:47 PM.
Closed sales
The Colony Reserve Market
Closed sales inside the boundary of Colony Reserve, 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.
Colony Reserve recorded 10 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 | 10 | 9 | +11% |
| Median sale price | $393,000 | $385,000 | +2% |
| Median price per sq ft | $245 | $240 | +2% |
| Middle 80% of sales | $385,000 to $419,000 | $370,000 to $420,000 | |
| Active listings now | 0 |
BeachesMLS closed sales inside the boundary of Colony Reserve, 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 Colony Reserve 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) |
|---|---|
| Club | The lakefront clubhouse has a fitness room and a heated pool and spa; there is no golf club. |
| Water | The community is built around a four-acre lake with a floating dock; we confirm which homes face the water. |
Association Fees From Current Listings
| Association fee, median | $245 a month |
|---|---|
| Typical range | $150 to $245 a month |
| Usually covers | Common Areas, Maintenance Grounds, Security |
| Club membership | Not required |
From 15 current and recent BeachesMLS listings in Colony Reserve, 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
- Association We confirm the association assessment, what it covers for the townhome exteriors, and the leasing rules for a specific home.
- City or county The mailing address is Lake Worth, but the community is in unincorporated Palm Beach County, so county rules apply; we confirm the jurisdiction on the Property Appraiser record for a specific home.
- 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 Colony Reserve
Places nearby.
Zoned Public Schools
At the center of Colony Reserve, the School District of Palm Beach County zones Indian Pines Elementary (elementary), Tradewinds Middle (middle) and Santaluces High (high). Boundaries are set by address and can change, so we confirm them for the home you are considering.
Elementary
- Indian Pines Elementary
Middle
- Tradewinds Middle
High
- Santaluces High
How it came to be
A Short History of Colony Reserve
- 2016
The first Colony Reserve townhomes on the county roll were finished.
- 2017
The busiest building year.
- 2020
The last homes on the county roll were completed.
Sources: Palm Beach County 2025 tax roll (Florida Department of Revenue), Palm Beach County recorded plats.
The boundary
Colony Reserve on the Map
Questions
Questions Buyers Ask About Colony Reserve
What do homes in Colony Reserve cost right now?
No homes are listed for sale here right now. New listings come up through the year; ask me to watch for one. The market section above shows what homes here actually sold for over the past year.
Is Colony Reserve townhomes or houses?
Townhomes. Most share one plan of about 1,620 square feet of living area on the county roll.
Is Colony Reserve gated?
Our research describes it as gated. We confirm access for a specific home.
What amenities does Colony Reserve have?
A lakefront clubhouse with a fitness room, a heated pool and spa, playgrounds, walking trails and a floating dock on its four-acre lake.
When was Colony Reserve built?
From 2016 to 2020, per the county roll, with most homes finished in 2016 and 2017.
How many homes are in Colony Reserve, and when were they built?
Palm Beach County property records list 186 residential parcels in Colony Reserve, most built 2016 to 2019, with a typical living area of about 1,620 square feet.
What are the association fees in Colony Reserve?
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. Club dues, where a club applies, are on request.
Is Colony Reserve gated?
Our research describes Colony Reserve as gated; we confirm access for a specific home.
Which public schools serve Colony Reserve?
At the center of Colony Reserve, the School District of Palm Beach County zones Indian Pines Elementary (elementary), Tradewinds Middle (middle) and Santaluces High (high). Boundaries are set by address and can change, so we confirm them for the home you are considering.
Keep Exploring
More Lake Worth Beach Neighborhood Guides
Colony Reserve · Lake Worth
Let Us Take Care of the Details
Tell us the street or the home in Colony Reserve. 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) and recorded plats; association records from the Florida Division of Corporations; school zones from the School District of Palm Beach County. 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.
