NOT LISTED FOR SALE

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

Estimated Value: $3,550,000 - $4,218,000

2 Beds
2 Baths
2,094 Sq Ft
$4,734/mo HOA Fee

Last Sold January 08, 2024

Last sale price $3,975,000 $1,898 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $29,524/month

147 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Fitness Center
  • Community Pool
  • Palm Beach Public School Rated A-
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of January 2024

Rarely Available at the Iconic 315 South Lake Drive, a mid-century modern art deco building known for its 5 star services. Perfectly located, In-Town across from the new Town Docks with Intracoastal views, wonderful dining terrace, two bedrooms, two baths plus bonus rooms off each bedroom, creating a lovely sitting room/office off the guest room, and an additional bedroom area perfect for staff, or grandchildren off the master bedoom. This gracious, renovated unit is just lovely with hardwood floors, white kitchen, and impact doors except the dining room/kitchen.

Last Agent to Sell the Property

Linda R Olsson

Linda R. Olsson, Inc. License #432027 Listed on: 05/22/2023

Last Buyer's Agent

Carole Hogan

Brown Harris Stevens of PB License #535238

Brown Harris Stevens of PB

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $28,051

Year Built

  • Built in 1969

Lot Details

  • Property fronts an intracoastal waterway

HOA Fees

  • $4,734 Monthly HOA Fees

Parking

  • Open Parking

Interior Spaces

  • 2,094 Sq Ft Home
  • Combination Dining and Living Room
  • Wood Flooring
  • Intracoastal Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 50434322170020060

Community Details

Overview

  • Association fees include cable TV, insurance, sewer, water
  • High-Rise Condominium
  • Southlake Subdivision
  • 6-Story Property

Amenities

  • Laundry Facilities

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$28,051

Year Built

Built in 1969

Lot Details

0

HOA Fees

$4,734 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 1969
  • Architectural Style: High Rise
  • Entry Level: 2
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dual Sinks, Elevator, Living/Dining Room
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Wood
  • Living Area: 2094.0
  • Stories: 6

Exterior Features

  • View: Intercoastal
  • Pool Features: None, Association, Community
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Other
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Open Parking: Yes
  • Parking Features: Open

Utilities

  • Laundry Features: Common Area
  • 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: 4734.0
  • Community Features: Non-Gated, Pool
  • Senior Community: No
  • Amenities: Fitness Center, Laundry, Pool
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Cable TV, Insurance, Sewer, Water

Lot Info

  • Parcel #: 50434322170020060
  • Zoning Description: R-D

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 28051.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2023
Closed on
Mar 8, 2024
Sold by
Lynn A Foster Revocable Trust
Bought by
Claflin Family 2011 Qprt and Foster
Seller's Agent
Linda R Olsson
Linda R. Olsson, Inc.
Buyer's Agent
Carole Hogan
Brown Harris Stevens of PB
List Price
$4,450,000
Sold Price
$3,975,000
Premium/Discount to List
-$475,000
-10.67%
Views
104
Current Estimated Value
$3,952,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,565
Avg. Annual Appreciation
-4.75%

Purchase Details

Listed on
May 22, 2023
Closed on
Jan 8, 2024
Sold by
Mackle Robert F and Mackle Lynn K
Bought by
Lynn A Foster Revocable Trust and Foster
Seller's Agent
Linda R Olsson
Linda R. Olsson, Inc.
Buyer's Agent
Carole Hogan
Brown Harris Stevens of PB
List Price
$4,450,000
Sold Price
$3,975,000
Premium/Discount to List
-$475,000
-10.67%
Views
104

Purchase Details

Listed on
Sep 8, 2020
Closed on
Feb 1, 2021
Sold by
Bunn George R and Bunn Jane A
Bought by
Mackle Robert F and Mackle Lynn K
Seller's Agent
Cris Condon
Sotheby's Intl. Realty, Inc.
Buyer's Agent
John Pangborn
The Corcoran Group
List Price
$1,975,000
Sold Price
$1,900,000
Premium/Discount to List
-$75,000
-3.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.65%

Purchase Details

Closed on
Jun 14, 2010
Sold by
Weiser Evelyn
Bought by
Bunn George R and Bunn Jane A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Claflin Family 2011 Qprt $4,015,000 None Listed On Document
Lynn A Foster Revocable Trust $3,975,000 None Listed On Document
Mackle Robert F $1,900,000 Premier Title Company Ltd
Bunn George R $750,000 Premier Title Company Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bunn George R $560,000
Previous Owner Bunn George R $571,000
Previous Owner Bunn George R $562,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2024 01/08/24 Sold $3,975,000 -5.2% $1,898 / Sq Ft
10/17/2023 10/17/23 Pending -- -- --
06/26/2023 06/26/23 Price Changed $4,195,000 -5.7% $2,003 / Sq Ft
05/22/2023 05/22/23 For Sale $4,450,000 +134.2% $2,125 / Sq Ft
02/01/2021 02/01/21 Sold $1,900,000 -3.8% $907 / Sq Ft
01/02/2021 01/02/21 Pending -- -- --
09/08/2020 09/08/20 For Sale $1,975,000 -- $943 / 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
2024 $39,065 $2,600,000 -- --
2023 $28,019 $1,880,909 $0 $0
2022 $28,052 $1,826,125 $0 $0
2021 $25,058 $1,600,000 $0 $1,600,000
2020 $24,204 $1,600,000 $0 $1,600,000
2019 $22,470 $1,450,000 $0 $1,450,000
2018 $20,601 $1,450,000 $0 $1,450,000
2017 $19,177 $1,320,000 $0 $0
2016 $17,774 $907,500 $0 $0
2015 $14,877 $825,000 $0 $0
2014 $15,070 $825,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda R Olsson

    Seller's Agent in 2024

    Linda R Olsson

    Linda R. Olsson, Inc.

    (561) 820-9195

    92 Total Sales

    Linda R Olsson
    Section Image

  • C

    Buyer's Agent in 2024

    Carole Hogan

    Brown Harris Stevens of PB

    (561) 602-7761

    5 Total Sales

    Carole Hogan
    Section Image

  • C

    Seller's Agent in 2021

    Cris Condon

    Sotheby's Intl. Realty, Inc.

    (561) 301-2211

    16 Total Sales

    Cris Condon
    Section Image

  • S

    Seller Co-Listing Agent in 2021

    Suzanne Ainslie

    Sotheby's Intl. Realty, Inc.

  • J

    Buyer's Agent in 2021

    John Pangborn

    The Corcoran Group

    (561) 301-7117

    16 Total Sales

    John Pangborn
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10891606

BeachesMLS

APN: 50-43-43-22-17-002-0060

Florida Palm Beach County Palm Beach 33480

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

This home is located at 315 S Lake Dr Unit 2F, Palm Beach, FL 33480 since 22 May 2023 and is currently estimated at $3,952,435, approximately $1,887 per square foot. This property was built in 1969. 315 S Lake Dr Unit 2F is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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 IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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