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Lowest-priced unit in Forest Condo — and it qualifies for a Smart Start $15, 000 in down payment grant assistance that does not have to be paid back. Single-story, first-floor 2BR/1BA with a private 1-car garage, freshly painted throughout, tile floors in the living area, and an open-concept layout that lives bigger than the square footage suggests. All-ages community. Two-story max building height means no milestone inspection reports, no elevator assessments, and none of the big-ticket special assessments hitting other Palm Beach County condo buildings right now. HOA covers water, sewer, cable, exterior maintenance, and master insurance. Pool, basketball court, and onsite management on-site. Near major highways, PBI Airport, Okeeheelee Park, shopping, and dining. Priced to close. The opportunity in plain language. Every comparable unit in Forest Condo has sold between $210, 000 and $225, 000 over the past 12 months. One is active right now at $229, 000. This one is priced at $170, 000. That gap is intentional. It's a take-action price for a buyer who moves, not one who waits. Stack that with the $15, 000 SmartStart Grant from The Mortgage Firm — $15, 000 in non-repayable down payment assistance that never gets paid back — and you're looking at a path into Palm Beach County homeownership that most people assume doesn't exist in today's market. No income limit. No first-time buyer requirement. Eligibility is based on the property's location. This one qualifies. The unit. 5260 Bosque Lane #17 is a single-story, ground-floor condo in Forest Condominium — an all-ages, well-managed community in West Palm Beach's 33415 zip code. Two bedrooms, one bath, a private one-car garage, and an open-concept layout with tile floors in the main living area. Freshly painted throughout. This is a clean, functional unit at the bottom of the market — priced as-is for a buyer who recognizes the value and acts on it. Why this building is different right now. Post-Surfside legislation has split Florida's condo market in two. Buildings over three stories are subject to mandatory structural milestone inspections and reserve funding requirements that are generating five- and six-figure special assessments across Palm Beach County. Forest Condo tops out at two stories. No milestone inspection requirement. No elevator. No high-rise structural reserve mandates. The HOA covers water, sewer, basic Comcast cable, exterior maintenance, and the master insurance policy — predictable monthly costs without the landmines hiding in other buildings. The association itself is financially stable. The December 2025 general ledger shows over $158, 000 in the operating account with consistent vendor relationships covering roofing, pool, landscaping, pest and termite control, and security. The association carries an active roofing maintenance contract — that cost is absorbed inside the operating budget, not passed to owners as a special assessment. No special assessments are currently pending. The 2026 budget is under final board review; buyers should request the current confirmed monthly assessment and estoppel at time of offer. The management. Forest Condominium Association, Inc. is professionally managed by Property Management Resources, Inc. out of Lake Worth, with AKAM handling on-site operations. The on-site office is staffed five days a week: Monday, Wednesday, and Friday 9am-1pm, Tuesday and Thursday noon-4pm. Board of Directors meetings are held the second Tuesday of each month at 7pm — open to all owners. This is an engaged, functioning association, not an absentee one. Buyer approval process. All purchases require board approval prior to closing. The application process takes up to 10 days from receipt of a complete package and includes a background check, credit review, and board interview. Minimum credit score of 650 required. Application fee is $100 for the primary buyer, $50 for each additional occupant 18 or older. Buyers should initiate the application process immediately upon contract execution — board approval must be in hand before closing. Pets, rentals, and occupancy. One pet permitted per unit, 30 lbs maximum, no aggressive breeds, board approval required. Rentals allowed with board approval; minimum lease term is 6 months; a unit may not be rented more than twice in any calendar year — a structure that keeps turnover low and the community stable. Maximum occupancy is 4 persons in a two-bedroom unit. Schools. Assigned schools for this address: Melaleuca Elementary, Okeeheelee Middle School, and John I. Leonard High School. These are the designated boundary schools; magnet and special needs options may be available through the district. Location. Forest Condo sits in the 33415 zip code — centrally positioned in West Palm Beach with easy access to the Florida Turnpike and I-95. Palm Beach International Airport is approximately 10 minutes away. Okeeheelee Park — 900 acres of trails, kayaking, BMX, disc golf, and open green space — is minutes from the front gate. Wellington Mall, Publix, Walmart, Wellington Regional Medical Center, and a full corridor of dining and services are within a 10-15 minute drive. This is a practical, well-connected address for anyone working in Palm Beach County. The bottom line. At $170, 000, this is the entry point into Palm Beach County homeownership that buyers have been looking for. Comparable units are selling $40, 000-$55, 000 higher. The $15, 000 SmartStart Grant cuts the cash needed to close. A financially stable association, no milestone assessment exposure, professional management, and a 650+ credit score requirement that keeps the community's ownership quality intact. The only question is whether you move before someone else does. Assigned schools: Melaleuca Elementary | Okeeheelee Middle | John I. Leonard High. Board approval required prior to closing. Minimum 650 credit score. $100 application fee. Buyers should verify current monthly assessment and all HOA financials independently prior to closing. This property qualifies for $15, 000 through the SmartStart Grant Program. This is not a loan — it does not get repaid. Primary residence purchase required. When stacked with Hometown Heroes ($25, 000) and seller concessions, total buyer assistance can reach $48, 000 or more. Contact listing agent for lender introduction and eligibility confirmation before submitting an offer
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $136,000 | $136,000 | $136,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $271 | $271 | $271 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $837 | $859 | $1,129 |
| Total Monthly Payment | $1,183 | $1,205 | $1,475 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.