$374,000
SOLD JUN 5, 2025

1202 S Lake Dr Unit 4040 Lantana, FL 33462

2 Beds
2 Baths
1,351 Sq Ft
1980 Built

Recently Sold

$277 Per Sq Ft

1% Below List Price

6 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Garden View
  • Community Pool
  • Main Floor Primary Bedroom
  • Outdoor Living Area
  • Eat-In Kitchen

About This Home

As of June 2025

Wow! Sellers are relocating. Don't miss your chance to find your piece of paradise! Enjoy endless panoramic water views from this beautifully renovated condo located in the boutique condominium of Hidden Banyan. Gorgeous sunrises and sunsets await. Pour a cup of coffee in the morning and greet the day watching the sun rise from your waterfront balcony. The balcony looks over the blue waters and the multi-million dollar homes of Manalapan where movie stars and the uber wealthy call home. This complex is a hidden little gem of only 24 units tucked away in Lantana and is just minutes from everything. Enter the secure building and step into a peaceful and serene courtyard that feels like stepping into a Zen garden with its mature, lush green landscape. Take the elevator to the 4th floor where this 2/2 southeast facing, corner unit is located. The unit has many windows because it is on the corner, making it a light and bright unit, and it also has a second balcony! The kitchen features white Shake cabinetry, quartz counters and stainless appliances. There is a 2-seat bar top that provides extra seating for guests between the kitchen and dining area. The unit features wide plank wood-textured ceramic tile floors throughout. Both bathrooms have been thoughtfully renovated with classic materials that will never go out of style. The complex has a HEATED waterfront pool, a BBQ area, firepit and restroom facilities. There is a private common pier that juts into the Intracoastal and has a sitting area at the end where you can enjoy the coastal breezes and take in the million-dollar water views. The popular Lantana Beach is just a mile away. You can walk or ride a bike to the beach, restaurants and shops nearby. Milestone and SIRS studies have been completed. The HOA fee includes basic cable, water, sewer, garbage, pool service, manager, reserve funds, roof maintenance, lawn care, elevator, building insurance. The building has a brand-new roof just one month old. NO ASSESSMENTS. Two (2) parking spaces up front, bike storage and extra storage room.

Last Agent to Sell the Property

Jon Allen

Illustrated Properties LLC License #3250090 Listed on: 04/30/2025

Illustrated Properties LLC

Co-Listed By

Erin Allen

Illustrated Properties LLC License #3229588

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,613

Year Built

  • Built in 1980

Lot Details

  • Property fronts an intracoastal waterway
  • East Facing Home
  • Fenced

Property Views

  • Garden
  • Pool

Home Design

  • Rolled or Hot Mop Roof
  • Composition Roof

Interior Spaces

  • 1,351 Sq Ft Home
  • Ceiling Fan
  • Laminate Flooring

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Seawall
  • Patio
  • Outdoor Living Area

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 40434503300004040

Community Details

Overview

  • Hidden Banyan Condo Subdivision
  • 5-Story Property

Recreation

  • Community Pool

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Breed Restrictions

Security

  • Phone Entry
  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,613

Year Built

Built in 1980

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • MaximumNumberOfPets: 2
  • Year Built: 1980
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Eat-in Kitchen, Main Level Primary, Split Bedrooms, Walk-In Closet(s)
  • Main Level Bedrooms: 2
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Laminate
  • Living Area: 1351.0
  • Stories: 5
  • Window Features: Storm Window(s)

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: Garden, Pool
  • Fencing: Fenced
  • Pool Features: Association
  • Pool Private: No
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront Features: Intracoastal Access, Seawall
  • Waterfront: Yes
  • Disclosures: Flood Plain Disclosure
  • Construction Type: Block, Concrete
  • Direction Faces: East
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Rolled/Hot Mop

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Guest

Utilities

  • Security: Phone Entry
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1057.0
  • Pets Allowed: Yes
  • Senior Community: No
  • Amenities: Pool
  • Pets Allowed: Breed Restrictions, Number Limit, Pet Restrictions, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 40434503300004040
  • Mobile Dim Units: Feet
  • Zoning: R15(ci

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5612.78

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2025
Closed on
Jun 5, 2025
Sold by
Aaronoff Barry and Aaronoff Patricia
Bought by
Kunz Brian and Citsay Charlyne
Seller's Agent
Jon Allen
Illustrated Properties LLC
List Price
$379,000
Sold Price
$374,000
Premium/Discount to List
-$5,000
-1.32%
Views
6
Current Estimated Value
$385,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,795
Avg. Annual Appreciation
6.34%

Purchase Details

Listed on
Oct 7, 2022
Closed on
Oct 31, 2022
Sold by
Ultsh Stephen K and Ultsh Judith V
Bought by
Aaronoff Barry and Aaronoff Patricia
Seller's Agent
Kelly Richter
Exit Realty Premier Elite
Buyer's Agent
Justin Orlando
Compass Florida LLC
List Price
$459,000
Sold Price
$435,000
Premium/Discount to List
-$24,000
-5.23%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.65%

Purchase Details

Listed on
Apr 14, 2018
Closed on
Jun 29, 2018
Sold by
Couts John F and Couts Danielle
Bought by
Ultsh Stephen K and Ultsh Judith Y
Seller's Agent
Aaron Savitch
D'Addio Realty
Buyer's Agent
Kelly Richter
Exit Realty Premier Elite
List Price
$270,000
Sold Price
$266,000
Premium/Discount to List
-$4,000
-1.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.00%
Original Mortgage
$239,400
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 13, 2015
Closed on
Dec 3, 2015
Sold by
Ferrari Terry
Bought by
Couts John F
List Price
$184,900
Sold Price
$179,000
Premium/Discount to List
-$5,900
-3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.66%
Original Mortgage
$173,630
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2014
Sold by
Kilby Louise and Kilby Jacqueline Louise
Bought by
Ferrari Terry

Purchase Details

Closed on
Apr 10, 2013
Sold by
Kilby Louise and Kilby Jacqueline L
Bought by
Hidden Banyan Condominium Association In

Purchase Details

Closed on
Feb 25, 2010
Sold by
Kilby Louise and Kilby Jacqueline
Bought by
Kilby Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.72%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jul 17, 2009
Sold by
Kilby Louise
Bought by
Kilby Louise and Kilby Jacqueline

Purchase Details

Closed on
Oct 23, 1997
Sold by
Kilby Louise
Bought by
Kilby Louise
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $374,000 First International Title
Warranty Deed $374,000 First International Title
Warranty Deed $435,000 Blueline Title
Warranty Deed $266,000 Palm Title Services Inc
Warranty Deed $179,000 Attorney
Trustee Deed $126,100 None Available
Trustee Deed $600 None Available
Quit Claim Deed $23,600 Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $239,400 New Conventional
Previous Owner $173,630 New Conventional
Previous Owner $285,000 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/05/2025 06/05/25 Sold $374,000 -1.3% $277 / Sq Ft
05/06/2025 05/06/25 Pending -- -- --
04/30/2025 04/30/25 For Sale $379,000 0.0% $281 / Sq Ft
11/01/2023 11/01/23 Rented $4,500 -5.3% --
09/04/2023 09/04/23 Under Contract -- -- --
08/20/2023 08/20/23 For Rent $4,750 0.0% --
10/31/2022 10/31/22 Sold $435,000 -5.2% $322 / Sq Ft View Prior Sale
10/22/2022 10/22/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $459,000 +72.6% $340 / Sq Ft
06/29/2018 06/29/18 Sold $266,000 -1.5% $197 / Sq Ft View Prior Sale
05/30/2018 05/30/18 Pending -- -- --
04/14/2018 04/14/18 For Sale $270,000 +50.8% $200 / Sq Ft
12/03/2015 12/03/15 Sold $179,000 -3.2% $132 / Sq Ft View Prior Sale
11/03/2015 11/03/15 Pending -- -- --
06/13/2015 06/13/15 For Sale $184,900 -- $137 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $5,613 $322,107 -- --
2024 $5,613 $313,029 -- --
2023 $5,422 $303,912 $0 $372,200
2022 $5,947 $260,700 $0 $0
2021 $5,124 $237,000 $0 $237,000
2020 $4,872 $223,000 $0 $223,000
2019 $4,691 $212,000 $0 $212,000
2018 $3,815 $183,600 $0 $183,600
2017 $3,391 $154,600 $0 $0
2016 $3,401 $153,600 $0 $0
2015 $3,939 $174,600 $0 $0
2014 $3,420 $148,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R11086202

BeachesMLS (Greater Fort Lauderdale)

APN: 40-43-45-03-30-000-4040

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