Covered Bridge is an affordable 55+ condominium community with 960 individually owned units that was developed in 1971 and includes a 10,516-square-foot clubhouse on 12.12 acres with amenities. The developer retained ownership of the clubhouse and land, which are leased to the homeowners’ association (HOA) for a fixed $203,097.60 per year. The HOA is responsible for all maintenance and expenses during the lease term, which has 46 years remaining. The offering includes the clubhouse, land, and an assignment of the lease with the HOA. The property offers long-term redevelopment potential in a strong and growing market in the fastest growing state. The property, located in a desirable area, is in good condition and is well maintained. Covered Bridge is conveniently located in Lake Worth, Palm Beach County, Florida, near shops, restaurants and the renowned Lake Worth beach and pier. The property also offers easy access to the Florida Turnpike.