$765,000
SOLD JUL 24, 2025

4040 Gem Lake Dr West Palm Beach, FL 33406

3 Beds
2.5 Baths
2,400 Sq Ft
0.52 Acres

Recently Sold

$319 Per Sq Ft

15% Below List Price

47 Days on Market

Highlights

  • Lake Front
  • 22,698 Sq Ft lot
  • Den
  • Saltwater Pool
  • Wood Flooring
  • Separate Shower in Primary Bathroom

About This Home

As of July 2025

Experience the perfect blend of charm, comfort, and thoughtful upgrades in this beautifully renovated 3BR/2.5BA 2,400 sq ft home with stunning lake views and a saltwater pool. The main house underwent a full renovation eight years ago, featuring a completely reimagined kitchen with new countertops and modern appliances, and an open layout between two cozy bedrooms. Specialty tilework enchances the bathrooms. Porcelain wood tile floors extend throughout, while tongue-and-groove ceilings and a vaulted living room ceiling add warmth and character. A 2005 addition includes an expansive primary suite and an oversized two-car garage. Electric shades are installed in most rooms, offering both convenience and energy efficiency.

Last Agent to Sell the Property

Jonathan Phillips

Keller Williams Realty Services License #3278130 Listed on: 05/30/2025

Keller Williams Realty Services

Last Buyer's Agent

Clay Asplundh

The Corcoran Group License #3564150

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,645

Year Built

  • Built in 1963

Lot Details

  • 0.52 Acre Lot
  • Lake Front
  • Property is zoned R1(cit

Parking

  • 2 Car Garage

Property Views

  • Lake
  • Garden

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Den
  • Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Outdoor Features

  • Saltwater Pool
  • Shed

Schools

  • Palmetto Elementary School
  • Conniston Community Middle School
  • Forest Hill High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Suburban Homes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14434405140040032

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,645

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Southern Blvd .1 mi West of I-95. Head South on Gem Lake Dr.
  • Year Built: 1963
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Ceramic Tile, Hardwood, Wood
  • Living Area: 2400.0
  • Dining Room Type: Den, Storage Room
  • Stories: 1

Exterior Features

  • Exterior Features: Shed
  • View: Garden, Lake
  • Pool Features: Pool, Salt Water
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Schools

  • Elementary School: Palmetto (Miami Dade)
  • High School: Forest Hill
  • Middle Or Junior School: Conniston Community

Lot Info

  • Parcel #: 14434405140040032
  • Lot Size: 1/2 to < 1 Acre
  • Lot Size Sq Ft: 22698.0
  • Zoning Description: R1(cit

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3645.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2018
Sold by
Sullivan Gary and Sullivan Amy
Bought by
Sullivan Gary and Sullivan Amy

Purchase Details

Closed on
Dec 20, 2002
Sold by
Hibbert Karen E and Mullett Michael
Bought by
Sullivan Gary and Sullivan Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,400
Interest Rate
5.92%

Purchase Details

Closed on
May 10, 2002
Sold by
Prieto Charles M
Bought by
Hibbert Karen E and Mullett Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,377
Interest Rate
7.18%

Purchase Details

Closed on
Dec 7, 2000
Sold by
Matrow Elizabeth
Bought by
Prieto Charles M and Prieto Dolores A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
7.71%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Attorney
Warranty Deed $183,000 Palm Beach Land Title Corp
Warranty Deed $125,660 Standard Title Ins Agency In
Warranty Deed $117,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $95,751 New Conventional
Closed $100,000 Stand Alone Second
Closed $100,000 Stand Alone Second
Closed $146,400 No Value Available
Previous Owner $119,377 No Value Available
Previous Owner $94,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Sold $765,000 -10.0% $319 / Sq Ft
07/16/2025 07/16/25 Pending -- -- --
06/10/2025 06/10/25 Price Changed $850,000 -5.5% $354 / Sq Ft
05/30/2025 05/30/25 For Sale $899,000 -- $375 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,645 $252,307 -- --
2023 $3,551 $244,958 $0 $0
2022 $3,510 $237,823 $0 $0
2021 $3,492 $230,896 $0 $0
2020 $3,465 $227,708 $0 $0
2019 $3,418 $222,588 $0 $0
2018 $3,238 $218,438 $0 $0
2017 $3,210 $213,945 $0 $0
2016 $3,216 $209,545 $0 $0
2015 $3,297 $208,088 $0 $0
2014 $3,306 $206,437 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11095271

BeachesMLS

APN: 14-43-44-05-14-004-0032