$1,560,441 - $1,768,000
RENTED APR 21, 2025
1 Bed
1 Bath
871 Sq Ft
$1,928 Price per Sq Ft

Last Sold March 27, 2019

Last sale price $850,000 $976 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $10,377/month

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Balcony
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • Living Room

About This Home

As of April 2025

Offered at $12,000 seasonally and $8,500 /month annual. Beautiful and updated, light filled unit on high floor of full service and pet-friendly Lake Towers. It features tile floors and a wrap-around terrace to enjoy the wonderful weather and SE views of Palm Beach from the Intracoastal to the Ocean. Heated pool, 24-hour doorman and convenient location.

Last Agent to Rent the Property

Crista Ryan

Tina Fanjul Associates, Inc. License #SL-451844 Listed on: 03/08/2024

Last Renter's Agent

Richard Berman

Brown Harris Stevens of Palm Beach 7232 License #SL-3219383

Brown Harris Stevens of Palm Beach 7232

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $15,554

Year Built

  • Built in 1963

Lot Details

  • South Facing Home

Interior Spaces

  • 871 Sq Ft Home
  • Living Room
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Single Oven
  • Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • Parking Available
  • Open Parking

Outdoor Features

  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $12,000
  • Rent includes water, sewer
  • 12 Month Lease Term
  • Ask Agent About Lease Term
  • Seasonal Lease Term
  • Assessor Parcel Number 50434315350006020

Community Details

Overview

  • Property has a Home Owners Association
  • 63 Units
  • Lake Towers Community
  • 7-Story Property

Amenities

  • Doorman
  • Laundry Facilities

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$15,554

Year Built

Built in 1963

Lot Details

0

Rental Info

  • Tenant Pays: Tenant Pays

Listing Details

  • Property Sub Type: Condo/Coop
  • Prop. Type: Residential Lease
  • Subdivision Name: N/A
  • Architectural Style: Other Style
  • Building Name: Lake Towers
  • Year Built: 1963
  • Location Tax Legal:Name of Building: Lake Towers
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:_pound_ Units in Complex: 63
  • General Property Description:_pound_ Floors: 7.0
  • Exposure of Unit:South2: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Contract Information:Deposit Amount: 12000.0
  • Pets:Pets Allowed: Pets w/Restrictions
  • Lease Type:Annual: Yes
  • Laundry:Laundry in Bldg: Yes
  • Utilities Included:Water: Yes
  • Utilities Included:Sewer3: Yes
  • Waterfront-Unit:ICW-Across Bike Path2: Yes
  • Lease Type:Seasonal: Yes
  • Lease Type:Off Season: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Electric, Oven-Single, Microwave
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Interior Amenities: Cable, Smoke Alarms
  • Stories: 7
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Smoke Alarms2: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: ICW-Across Bikepath
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Parking:Open Parking: Yes
  • Parking 1 Car2: Yes

Utilities

  • Laundry Features: Laundry in Bldg
  • Security: Doorperson
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Rent Includes: Water, Sewer
  • Amenities: Full Time Manager

Association/Amenities

  • Restrictions:Condo Association: Yes

Lot Info

  • Parcel #: 50434315350006020

Multi Family

  • Number Of Units Total: 63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2018
Closed on
Mar 27, 2019
Sold by
Mcdonald David and Mcdonald Nicki
Bought by
Allele Professional Partners Llc
Seller's Agent
Dana Koch
The Corcoran Group
Buyer's Agent
JANE SCOTT
Sotheby's International Realty, Inc.
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$1,679,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$829,610
Avg. Annual Appreciation
11.24%

Purchase Details

Listed on
May 21, 2014
Closed on
Apr 20, 2015
Sold by
Aiken Khoose A
Bought by
Mcdonald David and Mcdonald Nick
Seller's Agent
Crista Ryan
Tina Fanjul Associates, Inc.
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$775,000
Sold Price
$650,251
Premium/Discount to List
-$124,749
-16.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.04%

Purchase Details

Closed on
Dec 30, 2005
Sold by
Adibsamii Lllp
Bought by
Aiken Khooshe A and Adibsamii Land Trust

Purchase Details

Closed on
May 12, 2005
Sold by
Marzulli Gerard and Marzulli Ruth
Bought by
Adibsamii Lllp

Purchase Details

Closed on
Sep 19, 1997
Sold by
Dubuc Denis O
Bought by
Marzulli Gerard and Marzulli Ruth

Purchase Details

Closed on
Jan 31, 1994
Sold by
Lake Towners Dev Corp
Bought by
Dubuc Denis O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.1%
Source: Public Records

Range of Values:

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Average Value
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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
Allele Professional Partners Llc $850,000 Attorney
Mcdonald David $650,000 None Available
Aiken Khooshe A $562,200 None Available
Adibsamii Lllp $562,200 --
Marzulli Gerard $162,500 --
Dubuc Denis O $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marzulli Gerard $200,000
Previous Owner Dubuc Denis O $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 Rented $7,500 0.0% --
04/02/2025 04/02/25 Rented $7,500 -37.5% --
04/01/2025 04/01/25 Under Contract -- -- --
03/31/2025 03/31/25 Price Changed $12,000 0.0% $14 / Sq Ft
03/31/2025 03/31/25 Price Changed $12,000 +33.3% $14 / Sq Ft
03/12/2025 03/12/25 For Rent $9,000 0.0% --
03/05/2025 03/05/25 Off Market $9,000 -- --
11/08/2024 11/08/24 For Rent $9,000 0.0% --
03/08/2024 03/08/24 For Rent $9,000 0.0% --
03/27/2019 03/27/19 Sold $850,000 0.0% $976 / Sq Ft
03/12/2019 03/12/19 Pending -- -- --
11/08/2018 11/08/18 For Sale $850,000 +30.7% $976 / Sq Ft
04/20/2015 04/20/15 Sold $650,251 -16.1% $747 / Sq Ft
03/21/2015 03/21/15 Pending -- -- --
05/21/2014 05/21/14 For Sale $775,000 -- $890 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $15,554 $865,150 -- --
2023 $15,381 $786,500 $0 $0
2022 $11,903 $715,000 $0 $0
2021 $10,642 $650,000 $0 $650,000
2020 $10,486 $630,000 $0 $630,000
2019 $9,278 $545,000 $0 $545,000
2018 $8,654 $525,000 $0 $525,000
2017 $9,188 $525,000 $0 $0
2016 $9,127 $525,000 $0 $0
2015 $5,859 $361,161 $0 $0
2014 $5,884 $358,295 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 24-453

APN: 50-43-43-15-35-000-6020