NOT LISTED FOR SALE

1040 Lake Shore Dr Unit 203 West Palm Beach, FL 33403

Estimated Value: $285,051 - $384,000

2 Beds
2 Baths
1,200 Sq Ft
$505/mo HOA Fee

Last Sold February 26, 2021

Last sale price $198,000 $165 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,728/month

151 Days on Market

Highlights

  • Boat Ramp
  • Gated Community
  • Marble Flooring
  • Property fronts an intracoastal waterway
  • Vaulted Ceiling
  • Mediterranean Architecture

About This Home

As of February 2021

CHECK OUT VIDEO TOUR! This Completely Remodeled 2 Bed 2 Full Bath Condo Has 1 Car Garage & Located In The Beautiful Bay Reach Gated Community Over Looking Intracoastal! You Will Love Watching The Boats Go By While Hanging Out At The Gym, Pool & BBQ Area! Singer Island Lite Up At Night Is Gorgeous. Some Features Include Cathedral Ceilings, Impact Glass Windows, Marble Floors, Furnished & Designer Decorated, Covered Patio, Garage Across From Front Door, AC Unit 6 Years New, Newer Kitchen w/ Stainless Steel Appliances. Trucks Allowed! Seawall Assessment Paid In Full.

Last Listed By

Mindy Heilman

Compass Florida LLC License #3012701 Listed on: 08/28/2020

Compass Florida LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,364

Year Built

  • Built in 1989

Lot Details

  • 1

HOA Fees

  • $505 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 1,200 Sq Ft Home
  • 3-Story Property
  • Furnished or left unfurnished upon request
  • Vaulted Ceiling
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Marble Flooring
  • Water Views
  • Security Gate

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Patio
  • Property fronts an intracoastal waterway

Listing and Financial Details

  • Assessor Parcel Number 36434221280072030

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, ground maintenance, maintenance structure, pool(s), recreation facilities, sewer, security, trash
  • 220 Units
  • Bay Reach Condo Subdivision

Recreation

  • Boat Ramp
  • Boating
  • Community Pool
  • Community Spa
  • Park

Security

  • Resident Manager or Management On Site
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,364

Year Built

Built in 1989

Lot Details

0

HOA Fees

$505 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Northlake to US-1, go south to Palmetto, east to Bay Reach front gate
  • Year Built: 1989
  • Architectural Style: Mediterranean
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Entrance Foyer, Living/Dining Room, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Furnished: Negotiable
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Marble
  • Living Area: 1200.0
  • Dining Room Type: Laundry, Storage Room
  • Stories: 3
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Patio
  • View: Other, Water
  • Pool Features: None, Association, Community
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Driveway, Detached, Garage

Utilities

  • Security: Security Gate, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 505.0
  • Community Features: Boat Facilities, Gated, Park, Property Manager On-Site, Pool
  • Senior Community: No
  • Amenities: Management, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Other, Pool(s), Recreation Facilities, Sewer, Security, Trash

Lot Info

  • Parcel #: 36434221280072030
  • Lot Size: Private Road,Sidewalks
  • Zoning Description: R1AA(c
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3364.0

Multi Family

  • Number Of Units In Community: 220

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2020
Closed on
Feb 10, 2021
Sold by
Bott Dennis J and Bott Susan H
Bought by
Henning Bryan Eugene and Henning Sarah Anne
Seller's Agent
Mindy Heilman
Compass Florida LLC
Buyer's Agent
Timothy Hines
Lang Realty/BR
List Price
$230,000
Sold Price
$198,000
Premium/Discount to List
-$32,000
-13.91%
Total Days on Market
151
Current Estimated Value
$325,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,263
Avg. Annual Appreciation
12.39%
Original Mortgage
$158,400
Outstanding Balance
$143,279
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$181,984

Purchase Details

Closed on
Nov 20, 2008
Sold by
Citimortgage Inc
Bought by
Bott Dennis J

Purchase Details

Closed on
Jul 3, 2008
Sold by
Watson Robert
Bought by
Citimortgage Inc

Purchase Details

Closed on
Nov 11, 2004
Sold by
Bay Reach Development Llc
Bought by
Watson Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,992
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Henning Bryan Eugene $198,000 None Available
Bott Dennis J $100,000 Buyers Title Inc
Citimortgage Inc -- Attorney
Watson Robert $184,990 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henning Bryan Eugene $158,400
Previous Owner Watson Robert $147,992
Closed Watson Robert $36,998
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $198,000 -13.9% $165 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
08/28/2020 08/28/20 For Sale $230,000 -- $192 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,821 $250,330 -- --
2023 $4,662 $244,391 $0 $244,391
2022 $4,574 $191,452 $0 $0
2021 $3,722 $159,513 $0 $159,513
2020 $3,504 $154,513 $0 $154,513
2019 $3,365 $157,896 $0 $157,896
2018 $3,019 $147,896 $0 $147,896
2017 $2,971 $147,934 $0 $0
2016 $2,911 $90,339 $0 $0
2015 $2,859 $82,126 $0 $0
2014 $2,571 $74,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mindy Heilman

    Seller's Agent in 2021

    Mindy Heilman

    Compass Florida LLC

    (561) 722-9779

    13 in this area

    135 Total Sales

    Mindy Heilman
    Section Image

  • B

    Seller Co-Listing Agent in 2021

    Barbara Heilman

    Compass Florida LLC

    (561) 252-0204

    2 in this area

    73 Total Sales

    Barbara Heilman
    Section Image

  • T

    Buyer's Agent in 2021

    Timothy Hines

    Lang Realty/BR

    (561) 777-0024

    1 in this area

    32 Total Sales

    Timothy Hines
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10650527

BeachesMLS

APN: 36-43-42-21-28-007-2030

Florida Palm Beach County West Palm Beach 33403

1040 Lake Shore Dr Unit 203, West Palm Beach, FL

Homes for Sale in West Palm Beach, FL

This home is located at 1040 Lake Shore Dr Unit 203, West Palm Beach, FL 33403 since 28 August 2020 and is currently estimated at $325,263, approximately $271 per square foot. This property was built in 1989. 1040 Lake Shore Dr Unit 203 is a home located in Palm Beach County with nearby schools including Lake Park Elementary School, Howell L. Watkins Middle School, and Palm Beach Gardens Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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