Watergate Mobile Home
Homes for Sale in Boca Raton, FL

Watergate Mobile Home market snapshot (as of November 6, 2026): the median sale price is about $296K ($224 per sq ft over the trailing 12 months of closed sales), a median 24 days on market for closed sales, and 2.4 months of supply, a seller-leaning market.

In ZIP 33428 (Boca Raton), 91 homes closed in the last 12 months at a median of $475K ($297/sq ft), with a median 36 days on market. Right now 21 active and 9 pending listings put supply at about 2.8 months — a healthy market. See the live ZIP 33428 housing market and the Palm Beach County market.

Watergate Mobile Home is a community of 137 homes in Boca Raton, Palm Beach County, built between 1969 and 2023 (median 1982), with a median living area of about 1,159 square feet. 39% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Watergate Mobile Home is a manufactured-home community in Boca Raton where buyers purchase the home and lease the land, resulting in a median price well below conventional single-family inventory in Palm Beach County.

• Coral Sunset · Elementary
• Loggers Run Community · Middle
• West Boca Raton · High

Zoned schools reflect the assignments reported on recent Watergate Mobile Home listings and can change; always confirm with Palm Beach County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Watergate Mobile Home address.

Pricing in any land-lease park hinges on three levers: the monthly lot rent, the lease terms (length, escalation clauses, transferability), and the condition and age of the manufactured home itself. At Watergate, the $259K median reflects that balance. A newer coach on a desirable lot with a favorable lease will command the higher end of the range; an older unit with deferred maintenance and rising fees will trade lower.

Eighty-five days on market and a heat score of 30 signal a buyer's market. Sellers are waiting longer, and the small transaction count—four closings in the window—means each sale can move the median. There is no MLS-identified amenity infrastructure, so the value proposition is straightforward: affordable Boca Raton address, low entry cost, land-lease structure. Financing can be harder to secure for manufactured homes, and many parks restrict investor ownership or short-term rentals, so verify every restriction before you write an offer.

The 651% cumulative run since 2012 is dramatic, but context matters: the absolute dollar base was low, and the past decade saw broad appreciation across Florida's mobile-home sector as inventory tightened and Boca Raton's cachet rose. The 11.2% year-over-year gain continues that trend, but slower days-on-market and thin volume suggest the pace is moderating. If you're buying for primary residence and the lot rent fits your budget, Watergate offers access to the Boca Raton market at a fraction of site-built pricing. If you're speculating on continued double-digit gains or planning to rent the unit out, verify the park allows it and understand that liquidity is lower than traditional real estate.

Manufactured-home transactions require broker fluency in lease addenda, park approvals, and specialized financing. Momentum's team knows which lenders will touch land-lease deals, how to read a park's governing documents for red flags, and how to negotiate lot-rent escalation risk. We will walk the property with you, pull the park's financials if available, and tell you honestly whether the monthly carrying cost makes sense for your situation. In a slow market like this, that diligence and negotiation leverage matter.