NOT LISTED FOR SALE

1202 S Lake Dr Unit 4040 Lantana, FL 33462

Lantana Area

Estimated Value: $336,000 - $377,074

2 Beds
2 Baths
1,351 Sq Ft
1980 Built

Sale Details

Date Sold: June 5, 2025

Last sale price $374,000 $277 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,451 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2025
Closed on
Jun 5, 2025
Sold by
Bought by
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
$360,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,981
Avg. Annual Appreciation
-3.15%

Purchase Details

Listed on
Oct 7, 2022
Closed on
Oct 31, 2022
Sold by
Bought by
Buyer's Agent
Justin Orlando
Compass Florida LLC
List Price
$459,000
Sold Price
$435,000
Premium/Discount to List
-$24,000
-5.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.52%

Purchase Details

Listed on
Apr 14, 2018
Closed on
Jun 29, 2018
Sold by
Bought by
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
12.18%
Original Mortgage
$239,400
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 12, 2015
Closed on
Dec 3, 2015
Sold by
Bought by
Buyer's Agent
Reliance Real E LLC
Reliance Real Estate Group LLC
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
Bought by

Purchase Details

Closed on
Apr 10, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 25, 2010
Sold by
Bought by

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
Bought by

Purchase Details

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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$374,000 First International Title
$435,000 Blueline Title
$266,000 Palm Title Services Inc
$179,000 Attorney
$126,100 None Available
$600 None Available
$23,600 Attorney
-- Attorney
$100 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $239,400
Previous Owner $173,630
Previous Owner $285,000
Previous Owner $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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% --
10/07/2022 10/07/22 Sold $435,000 -5.2% $322 / Sq Ft View Prior Sale
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 -- -- --
06/12/2015 06/12/15 For Sale $184,900 -- $137 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Jon Allen Real Estate Agent - Illustrated Properties LLC

    Seller's Agent in 2025

    Jon Allen

    Illustrated Properties LLC

    (561) 312-8713

    84 Total Sales

    Jon Allen
    Section Image
  • Erin Allen Real Estate Agent - Illustrated Properties LLC

    Seller Co-Listing Agent in 2025

    Erin Allen

    Illustrated Properties LLC

    (561) 312-5925

    116 Total Sales

    Erin Allen
    Section Image
  • Isabel Leo Real Estate Agent - Illustrated Properties LLC

    Seller's Agent in 2023

    Isabel Leo

    Illustrated Properties LLC

    (561) 573-2557

    44 Total Sales

    Isabel Leo
    Section Image

  • J

    Buyer's Agent in 2022

    Justin Orlando

    Compass Florida LLC

    (561) 406-3319

    134 Total Sales

    Justin Orlando
    Section Image

  • A

    Seller's Agent in 2018

    Aaron Savitch

    D'Addio Realty

    (561) 212-3347

    5 Total Sales

    Aaron Savitch
    Section Image
  • Kelly Richter Real Estate Agent - Exit Realty Premier Elite

    Buyer's Agent in 2018

    Kelly Richter

    Exit Realty Premier Elite

    (561) 967-3948

    224 Total Sales

    Kelly Richter
    Section Image
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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

Florida Palm Beach County Lantana 33462

1202 S Lake Dr Unit 4040, Lantana, FL

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 (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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