$295,000
SOLD JAN 13, 2023

1050 Lake Shore Dr Unit 201 West Palm Beach, FL 33403

2 Beds
2 Baths
1,200 Sq Ft
$759/mo HOA Fee

Recently Sold

$246 Per Sq Ft

8% Below List Price

34 Days on Market

Highlights

  • Boat Ramp
  • Clubhouse
  • 1 Car Detached Garage
  • Gated Community
  • Community Pool
  • Security Gate

About This Home

As of January 2023

Beautiful 2 bedrooms and 2 bathrooms condo in gated intracoastal community. Partial water view with direct access to the community pool, gym and club house. 2-story, 1200 sq ft unit w/private master suite on top floor. The unit comes with a 1 car garage and 1 additional outside parking spot. No new rentals 1st year of ownership. Enjoy the community pool, hot tub, workout facility and clubhouse or relax on a lounge chair overlooking the intracoastal waterway. Coming soon is a BBQ area with two new gas grills.

Last Agent to Sell the Property

Matt Dixon

INLET Properties & Investments, LLC License #3514029 Listed on: 12/06/2022

Last Buyer's Agent

Kent Lafleur

Rinker Realty Inc License #3389085

Rinker Realty Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,333

Year Built

  • Built in 1989

HOA Fees

  • $759 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Security Gate

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $500
  • Assessor Parcel Number 36434221280092010

Community Details

Overview

  • Association fees include common areas, cable TV, ground maintenance, maintenance structure, reserve fund, roof, trash, water
  • Bay Reach Subdivision

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Boating
  • Community Pool
  • Community Spa

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,333

Year Built

Built in 1989

Lot Details

0

HOA Fees

$759 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: From I95 take Northlake Boulevard East to US1. South on US1 and East on Palmetto Drive.
  • Year Built: 1989
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dual Sinks
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile, Laminate, Tile
  • Living Area: 1200.0
  • Dining Room Type: Laundry
  • Stories: 2

Exterior Features

  • Pool Features: None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 759.0
  • Community Features: Boat Facilities, Clubhouse, Gated, Pool
  • Senior Community: No
  • Amenities: Clubhouse, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Maintenance Grounds, Maintenance Structure, Reserve Fund, Roof, Trash, Water

Lot Info

  • Parcel #: 36434221280092010
  • Zoning Description: Resident

Rental Info

  • Security Deposit: 500.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4333.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2022
Closed on
Jan 13, 2023
Sold by
Brearley Ryan M
Bought by
Dorchester Tina and Dorchester Donald
Seller's Agent
Matt Dixon
INLET Properties & Investments, LLC
Buyer's Agent
Kent Lafleur
Rinker Realty Inc
List Price
$320,000
Sold Price
$295,000
Premium/Discount to List
-$25,000
-7.81%
Current Estimated Value
$322,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,037
Avg. Annual Appreciation
3.39%

Purchase Details

Listed on
Jun 16, 2016
Closed on
Aug 1, 2016
Bought by
Brearley Ryan M
Seller's Agent
Barbara Pluta
Sandals Realty Group, Inc.
Buyer's Agent
Todd Ellis
Complete Faith Investments Inc
List Price
$179,900
Sold Price
$169,000
Premium/Discount to List
-$10,900
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%

Purchase Details

Closed on
Oct 27, 2004
Sold by
Bay Reach Development Llc
Bought by
Rienzo Charles A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,792
Interest Rate
6.37%
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
Warranty Deed $295,000 --
Deed $169,000 --
Special Warranty Deed $225,990 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $135,000 Commercial
Previous Owner $180,792 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2023 01/13/23 Sold $295,000 -7.8% $246 / Sq Ft
01/10/2023 01/10/23 Pending -- -- --
12/06/2022 12/06/22 For Sale $320,000 +89.3% $267 / Sq Ft
08/08/2016 08/08/16 Sold $169,000 -6.1% $141 / Sq Ft
07/09/2016 07/09/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $179,900 0.0% $150 / Sq Ft
11/29/2013 11/29/13 Rented $1,175 -6.0% --
10/30/2013 10/30/13 Under Contract -- -- --
10/07/2013 10/07/13 For Rent $1,250 -- --
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 $5,704 $250,330 -- --
2023 $4,803 $193,010 $0 $244,391
2022 $4,333 $175,464 $0 $0
2021 $3,936 $159,513 $0 $159,513
2020 $3,844 $154,513 $0 $154,513
2019 $3,943 $157,896 $0 $157,896
2018 $2,512 $140,291 $0 $0
2017 $2,537 $137,405 $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

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Map

Source: BeachesMLS

MLS Number: R10850375

BeachesMLS

APN: 36-43-42-21-28-009-2010