While the name “ROLO” might evoke memories of caramel-filled chocolates, in this case, ROLO is short for Residences on Lake Osborne, an upscale community on the shores of a freshwater lake just a few miles from the beach and downtown Lake Worth.
Properties in ROLO feature a mix of ranch-style and split-level homes, condo complexes and apartment buildings. Houses here are priced slightly higher than other areas in Lake Worth Beach, like Memorial Park, but it’s more common to find waterfront houses or larger four-bedroom options here. Homes in ROLO are listed anywhere between the upper $300,000s to nearly $600,000, while one-bed, one-bath condo units are priced in the low- to mid-$100,000s. Yards are also varied here, with some sitting at less than a quarter-acre and climbing up to a half-acre. The commonality among all the properties in ROLO is the palm trees seen across Florida.
While downtown Lake Worth Beach is a hub for laid-back local eateries like Dave’s Last Resort and Brick Oven Pizza on the Ave, Lantana Avenue is where locals can do their shopping for groceries and other everyday needs. There is a Costco in ROLO’s southern end along the thoroughfare that is also flanked by ALDI and a Publix Super Market in the Lantana Shopping Center. The small complex houses a hair salon, clothing stores and a Dunkin’ Donuts. Locals also frequent Riggins Crab House, where bibs are handed out so customers can chow down on crab legs or clambakes.
John Prince Park dominates the eastern side of ROLO. The park is named for John Prince, a Lake Worth Beach resident who served as county commissioner for 18 years. The massive 700-acre green space is situated along Lake Osborne, a hotspot for fishing, boating or kayaking. Miles of greenway paths, including the marsh and wildlife-filled Custard Apple Trail, loop around the reservoir. The park serves as the area’s nucleus, where residents can take advantage of the outdoor fitness center, a dog park, four playgrounds, and sports facilities for softball, basketball, pickleball or tennis. There’s even a golf center where people can work on their game before teeing off on one of the many courses scattered around the greater West Palm Beach area. John Prince Park’s campground is also a popular destination for travelers and snowbirds wanting to enjoy the area’s natural beauty. Complete with its own boat launch, the campsite has space for both tent camping and dozens of RVs. An added bonus for ROLO residents is its proximity to South Palm Beach. The sandy shores and waterfront restaurants are less than 3.5 miles east.
Active neighborhood associations are a big part of life in Lake Worth Beach. ROLO is part of a larger network of associations that hosts events throughout the city. Among them is The Great Taste of Lake Worth, which kicks off the Street Painting Festival. Along Lake Avenue downtown, more than 40 restaurants are selling food, drinks, and goody bags. During the annual Street Painting Festival, hundreds of artists use chalk to transform the downtown district into a walkable gallery full of temporary murals. Locals can watch the artists as their creations come to life while enjoying live music and street food.
Students in ROLO are zoned for The School District of Palm Beach County, including Barton Elementary School in the nearby Whispering Palms neighborhood. The elementary school and Lake Worth Community Middle School have C ratings from Niche. Students will later attend Lake Worth High School, which earns a C-plus from Niche. As is the case throughout the school district, students in ROLO will have access to free breakfast and lunch courtesy of the county. After graduating, students can stay close to home by attending Palm Beach State College – the campus is adjacent to the neighborhood and John Prince Park.
The neighborhood's eastern side sits against Interstate 95, making for convenient travel up and down the Florida coast or the rest of the Eastern U.S. The freeway also connects ROLO residents to Palm Beach International Airport, 10 miles north. While most residents in ROLO are car-dependent and can drive roughly 2 miles to downtown Lake Worth Beach, a Palm Tran bus stop is along Lantana Avenue.
Lisa Weidner
Continental Properties, Inc.
(561) 531-5232
56 Total Sales
3 in ROLO
$50K - $400K Price Range
Nina Paul
Illustrated Properties
(561) 220-5662
44 Total Sales
1 in ROLO
$170,000 Price
Wendi Davis
RE/MAX Prestige Realty/LW
(754) 238-2324
85 Total Sales
1 in ROLO
$150,000 Price
Peter Mergenthaler
Integritos Real Estate
(561) 473-1484
36 Total Sales
1 in ROLO
$433,000 Price
Jeff Tricoli
KW Reserve Palm Beach
(561) 898-0458
1,829 Total Sales
8 in ROLO
$90K - $490K Price Range
Annie Rivera
Berkshire Hathaway Florida Realty
(786) 933-8040
15 Total Sales
2 in ROLO
$540,000 Price Range
Airport
Palm Beach International
19 min drive
Train
Lake Worth
Bus
Congress Ave & 6th Ave S
Bus
Congress Ave & Roberts Ln
Bus
6Th Ave S At Barber Ave
Bus
6Th Ave S At Griswold Dr
Bus
6Th Ave S At Pbs Ent
Bus
6Th Ave S At Sunset Dr
On average, homes in ROLO, Lake Worth sell after 71 days on the market compared to the national average of 55 days. The median sale price for homes in ROLO, Lake Worth over the last 12 months is $300,000, up 103% from the median home sale price over the previous 12 months.
|
Median List Price
$159,000
|
Median Sale Price
$300,000
|
|
Median Single Family Sale Price
$530,000
|
Median Townhouse Sale Price
$300,000
|
|
Median 2 Bedroom Sale Price
$135,000
|
Median Change From 1st List Price
8%
|
|
Last 12 months Home Sales
207
|
Median Home Sale Price YoY Change
103%
|
|
Average Price Per Sq Ft
$214
|
|
|
Number of Homes
2,028
|
Number of Homes for Sale
40
|
|
Median Year Built
1967
|
Months of Supply
2.30
|
|
Average Single Family Home Size Sq Ft
1,558
Below the national average
1,935
|
Average Townhouse Size Sq Ft
1,310
|
|
Average 2 Bedroom Size Sq Ft
840
|
Average 1 Bedroom Size Sq Ft
667
|
|
Median Lot Size Sq Ft
9,147
|
|
$1,870 - $2,520 per month
$1,949 per month
$1,378 - $1,657 per month
$1,700 per month
$1,750 per month
$2,499 per month
|
Number of Homes for Rent
29
|
Median Rent
$1,650
|
|
Median Single Family Home Rent
$3,400
|
Median 4 Bedroom Single Family Home Rent
$6,150
|
|
Median Townhouse Rent
$2,538
|
Median 3 Bedroom Townhouse Rent
$2,900
|
|
Median Condo Rent
$1,350
|
Median 2 Bedroom Condo Rent
$1,500
|
|
Total Population
8,651
|
Median Age
41
|
|
Population Density
7 ppl/acre
|
Population under 18
23.3%
On par with the national average
23.8%
|
|
Population over 65
19.7%
On par with the national average
19.1%
|
|
|
Median Household Income
$67,359
Below the national average
$79,597
|
Average Household Income
$83,596
|
|
High School Graduates
78.9%
Below the national average
89%
|
College Graduates
25.9%
Below the national average
34.1%
|
|
Advanced Degrees
10%
|
% Population in Labor Force
62.4%
|
|
Annual Precipitation
62''
|
Average Winter Low Temperature
58°F
|
|
Average Summer High Temperature
90°F
|
Annual Snowfall
0''
|
Bikeability
Walkability
Transit
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
Artsy downtown area with historic homes, creative events and local restaurants
Accessible price points and convenient location near waterways and downtown scene
A chill and artsy Lake Worth community named for its Royal Poinciana trees
A suburban neighborhood with brightly colored homes and a supportive community
Find paradise in this gated community, just 11 miles from downtown West Palm Beach
Urban neighborhood near the beach and artsy downtown.
