Spencer Lakes
Homes for Sale in West Palm Beach, FL
All 1,727 homes for sale in West Palm Beach, FL · median $324,900 · 168 homes for sale in 33407 · Palm Beach County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Beaches MLS
As of October 2026, the MLS records 15 closed sales in Spencer Lakes 2 in West Palm Beach, FL since 2015, the most recent in July 2026. Across West Palm Beach as a whole, 1,630 homes closed in the last 12 months at a median of $415,000, 59 median days on market, with 663 homes for sale today. At that median and Palm Beach County's FY2025-26 rate of 18.72 mills, annual property tax runs about $7,770 ($6,990 with the full homestead exemption).
| Location | West Palm Beach, Palm Beach County, FL · ZIP 33407 |
|---|---|
| Homes in the community | 81 (FL DOR 2025 assessment roll) |
| Years built | 1979–2018 (median 1980) |
| Typical living area | 1,793 sq ft (median) |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 87% |
Data as of September 20, 2026. 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; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Spencer Lakes 2 key facts,” movewithmomentum.com/neighborhoods/spencer-lakes-2, data as of September 20, 2026.
Spencer Lakes 2 sits in West Palm Beach with essentially no community infrastructure visible in current listings—no clubhouse, no pool, no recorded amenity layer. That makes this a location and home-condition play: buyers are paying for Palm Beach County access and whatever the individual parcel delivers, not a lifestyle package. Price is driven by square footage, updates, and lot, with little community premium baked in.
The lack of recorded amenities also means resale appeal hinges entirely on the fundamentals of your specific home and the strength of the West Palm market at the time you sell. If you need a community to do marketing work for you—a name buyers recognize, a pool they expect—this is not that. If you want a quiet residential address and plan to create value through the property itself, Spencer Lakes 2 offers a straightforward value proposition.
Nearby homes for sale
No active listings inside Spencer LakesHomes for Sale in West Palm Beach, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Spencer Lakes 2 is a West Palm Beach neighborhood with no identified shared amenities in the current MLS footprint—what you see is what the individual lot and home deliver, not a packaged community experience.
BeachesMLS sales records identify 59 homes in Spencer Lakes that have changed hands since 2001, built between 1978 and 2018 (median 1983), with a median living area of about 1,721 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: BeachesMLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Spencer Lakes is best for.
Best for
- Buyers who want proximity to West Palm Beach employment and retail without HOA amenity overhead
- Investors or owner-occupants who plan to create value through home improvements rather than rely on community comps
- Buyers with flexible space needs who care more about the lot and structure than shared facilities
Probably not for
- Buyers who expect a resort-style pool, fitness center, or social calendar as part of the purchase
- Households relying on community amenities to drive resale appeal in a competitive market
- Buyers who need the neighborhood name itself to carry marketing weight when it is time to sell
The market around Spencer Lakes
Spencer Lakes is too small for its own price trend, so here is the market around it.
In ZIP 33407, 262 homes are on the market and 37% are under contract — a fast-moving corner of West Palm Beach.
Across Palm Beach County, 10,140 homes are active and 3,201 pending (24% under contract).
In ZIP 33407 (West Palm Beach), 431 homes closed in the last 12 months at a median of $265K ($216/sq ft), up 2.1% year over year, with a median 58 days on market. Right now 94 active and 37 pending listings put supply at about 5.3 months — a buyer's market. See the live ZIP 33407 housing market and the Palm Beach County market.
ZIP and county figures describe the wider market, not Spencer Lakes specifically. Momentum Research analysis of MLS records.
Recent Developments in Spencer Lakes 2
Development, infrastructure, retail, and school activity affecting Spencer Lakes 2, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Market
Palm Beach County Total Home Sales Jump for 10th Consecutive Month
Palm Beach County total home sales rose 22.3% year-over-year in June 2026 to 2,456 transactions, with total dollar volume up 53.90% to $2.7 billion. The single-family median sale price increased to $700,000 and the condominium median rose to $325,000.
What it may mean for the marketRising sales volume and median prices signal strengthening demand and higher valuations across the Palm Beach County housing market. The site is about 6 miles north of Spencer Lakes 2.
Source: MIAMI REALTORS - July 2026Development
The Berkeley Palm Beach Breaks Ground at 550 South Australian Avenue in West Palm Beach
The Berkeley Palm Beach broke ground on a 25-story tower with 193 condominium residences at 550 South Australian Avenue overlooking Clear Lake, developed by Al Adelson with Arquitectonica as designer. Sales have exceeded $120 million and completion is anticipated in 2029.
What it may mean for the marketA new 25-story condominium tower adds high-end for-sale housing supply to the downtown West Palm Beach market and continues vertical development along the Clear Lake waterfront. The project is about 5 miles north of Spencer Lakes 2, elsewhere in Palm Beach County.
Source: Florida YIMBY - June 2026Development
Developers Plan Two 31-Story Towers for 2085 N Flagler Dr, West Palm Beach
Terra and BH Group filed plans for 281 residential condominiums across two 31-story towers on a 1.55-acre site at 2085 N Flagler Drive in West Palm Beach. The nearly 440,000-square-foot project includes about 4,385 square feet of retail and 362 parking spaces.
What it may mean for the marketTwo proposed 31-story towers would add for-sale condominium supply and ground-floor retail along the North Flagler Drive waterfront in West Palm Beach. The project is about 7 miles north of Spencer Lakes 2, elsewhere in Palm Beach County.
Source: Florida YIMBY - June 2026Development
Alton Delray in Delray Beach Breaks Ground with $92 Million Construction Loan
Kolter Multifamily broke ground on Alton Delray, a 386-unit multifamily community across six-story buildings on a 12.31-acre former industrial site at 2101 S. Congress Avenue, backed by a $92 million construction loan from Madison Realty Capital. The plan includes 154 workforce housing units under Florida's Live Local Act and 232 market-rate units, with delivery expected in late 2027.
What it may mean for the marketA 386-unit rental community converts a former industrial parcel into new multifamily supply on the Congress Avenue corridor and adds workforce and market-rate housing to the Delray Beach market. The project is about 13 miles south of Spencer Lakes 2, elsewhere in Palm Beach County.
Source: Florida YIMBY - June 2026Development
300-Unit 'The Pierce' Slated for Summer Groundbreaking at 115 N. Federal Highway, Boynton Beach
Affiliated Development's The Pierce, a mixed-use project with 300 apartments and 17,015 square feet of retail at 115 N. Federal Highway in downtown Boynton Beach, is slated to start construction in summer 2026. The unit mix includes 150 market-rate apartments and 150 workforce housing units for households earning 80 to 120% of area median income, with 587 parking spaces.
What it may mean for the marketA 300-unit mixed-use project adds rental housing and retail to downtown Boynton Beach and advances redevelopment along the North Federal Highway corridor. The project is about 7 miles south of Spencer Lakes 2, elsewhere in Palm Beach County.
Source: Florida YIMBY - May 2026Development
25-Story Mixed-Use Tower to Feature Workforce Housing at 120 S Dixie Hwy, West Palm Beach
Developer Jeff Greene proposed a 25-story tower with 399 apartments at 120 S Dixie Highway in downtown West Palm Beach, with about 160 units set aside for households earning at or below 120% of area median income. The plan includes 7,550 square feet of retail and 236 parking spaces and was reviewed by the city's Plans and Plats Review Committee on May 14.
What it may mean for the marketA proposed 25-story mixed-use tower would add rental housing, including income-restricted units, plus retail space to the downtown West Palm Beach market on the South Dixie Highway corridor. The project is about 5 miles north of Spencer Lakes 2, elsewhere in Palm Beach County.
Source: Florida YIMBY
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Spencer Lakes buying strategy.
If we were buying in Spencer Lakes today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Spencer Lakes.
A quiet address, not an amenity story
Spencer Lakes 2 functions as a residential enclave within West Palm Beach, but it does not present the clubhouse-and-pool template common to many Palm Beach County subdivisions. No community amenities are identified in current listings, which means buyers are purchasing home, lot, and location—period. This can be an advantage if you do not want to pay HOA premiums for facilities you will not use, or a disadvantage if you expected a turn-key community layer to enhance resale or daily life.
The name suggests a water feature or lake access, but MLS data does not confirm what that means in practice—whether it is a view amenity, a stormwater pond, or something buyers can use recreationally. If lake access or water views matter to your decision, confirm the specifics of your lot before you write the offer. What is clear is that this is not a gated, amenity-rich community competing on lifestyle; it is a West Palm address competing on home quality and location convenience.
That simplicity can work. Buyers who prioritize low fees, home customization, and proximity to West Palm's commercial and employment centers may find Spencer Lakes 2 delivers exactly what they need. But if you are comparing it to communities with recorded resort-style amenities, understand that you are comparing apples to something else entirely—and price that difference accordingly.
The location and the amenities are priced into every listing in Spencer Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Spencer Lakes 2 requires due diligence on what the community name actually includes—lake rights, HOA obligations, deed restrictions—and Momentum pulls that detail before you tour, not after you fall in love with a home. We will confirm what amenities exist, what fees apply, and how the neighborhood compares to similar no-frills alternatives in West Palm. When the community does not do the marketing work, the broker has to, and we price and position homes based on what is provably there, not what the name implies.
Spencer Lakes in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $30/month (about $360/yr) · median of 22 MLS listings, most billed monthly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $30 per month ($360 a year) — the median AssociationFee across 22 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Spencer Lakes buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Spencer Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Spencer Lakes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Spencer Lakes home worth?
Get a no-obligation home value based on real comparable sales in Spencer Lakes, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
How many homes are in Spencer Lakes?
What share of Spencer Lakes is owner-occupied?
When were the homes in Spencer Lakes built?
Who is the best real estate agent for Spencer Lakes?
How do I find a top West Palm Beach real estate agent who knows Spencer Lakes?
Can Momentum Realty connect me with an agent for Spencer Lakes?
Where is Spencer Lakes, and what county is it in?
Should you buy in Spencer Lakes?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Beaches MLS, refreshed twice daily (last: October 6, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 33407)) |
| Under-contract shares | Beaches MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2015 (15 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Beaches MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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