$157,500
SOLD MAR 5, 2021

1050 Lake Shore Dr Unit 102 West Palm Beach, FL 33403

2 Beds
2 Baths
920 Sq Ft
$394/mo HOA Fee

Recently Sold

$171 Per Sq Ft

19% Below List Price

358 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Gated Community
  • Clubhouse
  • Garage Apartment
  • 465,773 Sq Ft lot
  • Garden View

About This Home

As of March 2021

Great for investor. Property currently rented till 1/2022. 2 Bedroom & 2 bath with a detached garage. Beautiful gate intracoastal community. Resort Style living. Pool, hot tub, Fitness center, BBQ area, day dock.

Last Agent to Sell the Property

Harmony Basham

Donohue Real Estate, LLC License #3067964 Listed on: 02/07/2020

Last Buyer's Agent

Sandro Herrera

Three Palms Realty License #3285502

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,909

Year Built

  • Built in 1989

Lot Details

  • Property fronts an intracoastal waterway
  • Fenced

HOA Fees

  • $394 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Apartment
  • Garage Door Opener
  • Driveway
  • Assigned Parking

Home Design

  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 920 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Blinds
  • Sliding Windows
  • Combination Dining and Living Room
  • Garden Views
  • Security Gate

Kitchen

  • Breakfast Bar
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Dryer

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $1,450
  • Assessor Parcel Number 36434221280091020

Community Details

Overview

  • Association fees include management, common areas, insurance, ground maintenance, maintenance structure, pool(s), security, trash
  • 220 Units
  • Bay Reach Condo Subdivision, Bermuda Floorplan

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Community Spa
  • Park

Security

  • Resident Manager or Management On Site
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,909

Year Built

Built in 1989

Lot Details

0

HOA Fees

$394 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: US 1 to Palmetto Dr (behind Earl Stewart Toyota) to Bay Reach
  • Year Built: 1989
  • Entry Level: 1
  • Year Built Details: Resale
  • Pets No Pets Comments: Other Pet Restrictions:Possible Restrictions
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Closet Cabinetry, Living/Dining Room, Tub Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 920.0
  • Dining Room Type: Garage Apartment, Laundry
  • Stories: 1
  • Window Features: Blinds, Sliding

Exterior Features

  • Exterior Features: Fence, Porch, Patio
  • View: Garden
  • Pool Features: None, Association, Community
  • Waterfront Features: Intracoastal Access
  • Waterfront: No
  • Construction Type: Block
  • Other Structures: Garage Apartment
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Spanish Tile, Tile

Garage/Parking

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

Utilities

  • Laundry Features: In Garage
  • Security: Security Gate
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 394.0
  • Community Features: Clubhouse, Gated, Park, Property Manager On-Site, Pool
  • Senior Community: No
  • Amenities: Clubhouse, Management, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Maintenance Grounds, Maintenance Structure, Pool(s), Security, Trash

Lot Info

  • Parcel #: 36434221280091020
  • Lot Size: East of US-1
  • Lot Size Sq Ft: 465773.0
  • Zoning Description: R1AA(c
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Security Deposit: 1450.0

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2909.0

Multi Family

  • Number Of Units In Community: 220

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2020
Closed on
Apr 30, 2021
Sold by
Herrera Sandro M and Herrera Wendy
Bought by
Wlh Enterprises Llc
Seller's Agent
Harmony Basham
Donohue Real Estate, LLC
Buyer's Agent
Sandro Herrera
Three Palms Realty
List Price
$195,000
Sold Price
$157,500
Premium/Discount to List
-$37,500
-19.23%
Total Days on Market
358
Current Estimated Value
$270,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,213
Avg. Annual Appreciation
13.63%
Original Mortgage
$118,125
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 7, 2020
Closed on
Mar 12, 2021
Sold by
Mitchell Scott and Mitchell Jean Marie
Bought by
Herrera Sandro and Herrera Wendy
Seller's Agent
Harmony Basham
Donohue Real Estate, LLC
Buyer's Agent
Sandro Herrera
Three Palms Realty
List Price
$195,000
Sold Price
$157,500
Premium/Discount to List
-$37,500
-19.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,125
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2005
Sold by
Landes Debra
Bought by
Mitchell Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 30, 2004
Sold by
Bay Reach Development Llc
Bought by
Landes Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,550
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Accommodation
Warranty Deed $157,500 Producers Title Llc
Special Warranty Deed $250,000 --
Special Warranty Deed $186,990 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $118,125 New Conventional
Previous Owner $95,100 New Conventional
Previous Owner $50,000 Stand Alone Second
Previous Owner $200,000 Fannie Mae Freddie Mac
Previous Owner $149,550 Purchase Money Mortgage
Closed $50,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2024 03/30/24 Rented $2,350 0.0% --
03/04/2024 03/04/24 Under Contract -- -- --
02/06/2024 02/06/24 Price Changed $2,350 -6.0% $3 / Sq Ft
01/25/2024 01/25/24 For Rent $2,500 0.0% --
01/25/2024 01/25/24 Price Changed $2,500 +4.2% $3 / Sq Ft
01/23/2024 01/23/24 Off Market $2,400 -- --
01/03/2024 01/03/24 Price Changed $2,400 -4.0% $3 / Sq Ft
12/12/2023 12/12/23 Price Changed $2,500 -3.8% $3 / Sq Ft
11/29/2023 11/29/23 For Rent $2,600 0.0% --
10/17/2023 10/17/23 Off Market $2,600 -- --
10/10/2023 10/10/23 Price Changed $2,600 -1.9% $3 / Sq Ft
09/28/2023 09/28/23 Price Changed $2,650 -1.9% $3 / Sq Ft
09/21/2023 09/21/23 For Rent $2,700 0.0% --
03/05/2021 03/05/21 Sold $157,500 -19.2% $171 / Sq Ft
02/03/2021 02/03/21 Pending -- -- --
02/10/2020 02/10/20 For Sale $195,000 0.0% $212 / Sq Ft
10/19/2018 10/19/18 Rented $1,450 -3.3% --
09/19/2018 09/19/18 Under Contract -- -- --
08/20/2018 08/20/18 For Rent $1,500 -- --
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 $5,209 $218,347 -- --
2023 $4,625 $198,497 $0 $204,391
2022 $4,336 $180,452 $0 $0
2021 $3,149 $149,513 $0 $149,513
2020 $2,940 $139,513 $0 $139,513
2019 $2,910 $152,896 $0 $152,896
2018 $2,571 $137,896 $0 $137,896
2017 $2,471 $127,934 $0 $0
2016 $2,349 $69,841 $0 $0
2015 $2,310 $63,492 $0 $0
2014 $2,045 $57,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10599834

BeachesMLS

APN: 36-43-42-21-28-009-1020