NOT LISTED FOR SALE

315 S Lake Dr Unit 2A Palm Beach, FL 33480

Estimated Value: $3,464,390 - $3,739,000

2 Beds
2 Baths
2,250 Sq Ft
$4,720/mo HOA Fee

Last Sold May 11, 2023

Last sale price $3,025,000 $1,344 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $27,168/month

14 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Furnished

About This Home

As of May 2023

Prestigious Southlake Building, known for its 5-star services, in prime location on the Intracoastal, walk to shops, restaurants and the beach. A beautiful and welcoming foyer opens to the formal dining room with high ceilings, adjoined to the grand formal living room with two spacious seating areas overlooking the gardens and Intracoastal. Enter through double doors to the expansive Primary Suite with office , large walk in closet and ensuite marble bath with spa tub and separate shower. On the other side of living room enter through double doors to the Guest Suite with its own charming sitting room, walk in closet and ensuite marble bathroom with separate shower. Both rooms have large windows overlooking the garden and Intracoastal for lots of natural light.

Last Agent to Sell the Property

Ashley Copeland

Brown Harris Stevens of PB License #3079640 Listed on: 03/20/2023

Brown Harris Stevens of PB

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $28,069

Year Built

  • Built in 1969

Lot Details

  • Property fronts an intracoastal waterway
  • Fenced
  • Sprinkler System

HOA Fees

  • $4,720 Monthly HOA Fees

Property Views

  • Intracoastal
  • Garden

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 2,250 Sq Ft Home
  • Furnished
  • Built-In Features
  • Decorative Fireplace
  • Blinds
  • Sliding Windows
  • Entrance Foyer
  • Den
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Parquet
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Home Security

  • Home Security System
  • Security Lights

Parking

  • Attached Garage
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Outdoor Grill

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 50434322170020010

Community Details

Overview

  • Association fees include management, common areas, cable TV, electricity, HVAC, hot water, insurance, laundry, legal/accounting, ground maintenance, maintenance structure, parking, pest control, pool(s), reserve fund, roof, sewer, security, trash, water
  • Southlake Condominium Subdivision
  • 5-Story Property

Amenities

  • Doorman
  • Laundry Facilities
  • Elevator
  • Bike Room
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Security

  • Resident Manager or Management On Site
  • Phone Entry
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$28,069

Year Built

Built in 1969

Lot Details

0

HOA Fees

$4,720 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: On the corner of Royal Palm and S. Lake Drive.
  • Year Built: 1969
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Closet Cabinetry, Dual Sinks, Entrance Foyer, Fireplace, Pantry, Split Bedrooms, Separate Shower
  • Furnished: Furnished
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Marble, Parquet
  • Living Area: 2250.0
  • Dining Room Type: Den, Storage Room
  • Stories: 5
  • Window Features: Blinds, Drapes, Sliding

Exterior Features

  • Exterior Features: Fence, Outdoor Grill
  • View: Garden, Intercoastal
  • Fencing: Wall
  • Lot Features: Sprinklers Automatic
  • Pool Features: None, Association, Community
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Security: Security System, Closed Circuit Camera(s), Door Man, Phone Entry, Security Lights, Fire Sprinkler System, 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: 4720.0
  • Community Features: Non-Gated, Property Manager On-Site, Pool, Street Lights, Sidewalks
  • Senior Community: No
  • Amenities: Bike Storage, Fitness Center, Laundry, Management, Pool, Storage, Trash, Elevator(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Electricity, HVAC, Hot Water, Insurance, Laundry, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pool(s), Reserve Fund, Roof, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 50434322170020010
  • Lot Size: Public Road,Sidewalks,Tr
  • Zoning Description: R-D(1)

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 28069.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
May 4, 2023
Sold by
Leslie Z Hodnett Second Revocable Trust
Bought by
J Richard Leaman Iii 2010 Grantor Retained An
Seller's Agent
Ashley Copeland
Brown Harris Stevens of PB
List Price
$3,590,000
Sold Price
$3,025,000
Premium/Discount to List
-$565,000
-15.74%
Views
61
Current Estimated Value
$3,633,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$608,348
Avg. Annual Appreciation
7.24%

Purchase Details

Closed on
Nov 13, 2000
Sold by
Mcnarmar-Hunter Carla
Bought by
Hodnett Leslie Z
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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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
J Richard Leaman Iii 2010 Grantor Retained An $3,025,000 None Listed On Document
Hodnett Leslie Z $900,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2023 05/11/23 Sold $3,025,000 -15.7% $1,344 / Sq Ft
04/04/2023 04/04/23 Pending -- -- --
03/20/2023 03/20/23 For Sale $3,590,000 -- $1,596 / Sq Ft
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
2025 $40,257 $2,970,000 -- --
2024 $40,257 $2,700,000 -- --
2023 $30,818 $1,590,116 $0 $0
2022 $28,069 $1,445,560 $0 $0
2021 $25,102 $1,850,000 $0 $1,850,000
2020 $23,167 $1,675,000 $0 $1,675,000
2019 $21,549 $1,526,800 $0 $1,526,800
2018 $19,241 $1,451,800 $0 $1,451,800
2017 $18,194 $1,321,800 $0 $0
2016 $16,860 $815,980 $0 $0
2015 $13,386 $741,800 $0 $0
2014 $13,561 $741,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Ashley Copeland

    Brown Harris Stevens of PB

    (561) 596-5959

    71 Total Sales

    Ashley Copeland
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10875139

BeachesMLS

APN: 50-43-43-22-17-002-0010

Florida Palm Beach County Palm Beach 33480

315 S Lake Dr Unit 2A, Palm Beach, FL

Not Listed for Sale

Condos

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