5981 Via Vermilya

Lake Worth, FL 33462

$229,000

$185/ft²

3Beds

2Baths

1,240Sq ft

1980Year built

CondoType

About this home

MOVE IN OR RENT IMMEDIATELY - Spacious 3-bedroom, 2-bath condo in Olympus Village, ideally located in the heart of Lantana. Situated on the second floor, this light and bright residence offers over 1,240 square feet under air with a functional split-bedroom layout, in-unit washer and dryer, newer appliances and updated kitchen, as well as generous storage throughout. Two of the bedrooms feature walk-in closets, and the large screened balcony includes an additional storage closet with peaceful views of the pool, trees, and surrounding green space. Market rents for similar units are averaging around $2,800/month. The community is professionally managed and offers amenities including a pool, elevator access, and ample parking. The association has completed its Structural Integrity Reserve Study and milestone inspection, providing a clear plan for long-term maintenance and reserves. HOA includes common area maintenance, water, sewer, trash, cable, and amenities. Olympus Village Condominium is centrally located near Palm Beach State College, John Prince Park and Recreation, Palm Beach County Park Airport as well as hospitals, schools, I-95, shopping, grocery stores, restaurants, major highways and near the beach.

Features

Private pool

Property details

Listing

MLS #: B26034449
Status: For sale
Listed on: May 28, 2026
Days on market: 74 days
Listing data updated: Jul 16, 2026

Interior

Beds: 3
Baths: 2
Living area: 1,240 ft²
Price per ft²: $185/ft²
Unit: 208

Building & community

Type: Condo
Year built: 1980
HOA fee: $500/mo
County: Palm Beach

Lot & exterior

Private pool: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $1,158
Property taxes (est.): $210
Home insurance (est.): $233
Flood insurance (est.): —
HOA fee: $500

Estimated total$2,101*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?