NOT LISTED FOR SALE

Estimated Value: $2,680,000 - $4,083,000

2 Beds
2 Baths
2,094 Sq Ft
1969 Built

Last Sold January 08, 2024

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

Est. 13% decrease in value since last sale

Current estimated payment $21,155/month

147 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Wood Flooring
  • Balcony
  • Palm Beach Public School Rated A-
  • Community Pool
  • Home Security 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
  • East Facing Home

Parking

  • 1 Open Parking Space

Interior Spaces

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

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks

Outdoor Features

  • Balcony

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 50434322170020060

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include cable TV, insurance, sewer, water
  • Southlake Subdivision
  • 6-Story Property

Recreation

  • Community Pool

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$28,051

Year Built

Built in 1969

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • MaximumNumberOfPets: 2
  • Year Built: 1969
  • New Construction: No
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dual Sinks, Elevator, Living/Dining Room
  • Main Level Bedrooms: 2
  • 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

  • Exterior Features: Balcony
  • View: Intercoastal
  • Pool Features: Association
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Other
  • Direction Faces: East
  • Patio And Porch Features: Balcony
  • Property Condition: Resale

Garage/Parking

  • Open Parking Spaces: 1.0
  • Garage Yn: No
  • Open Parking: Yes
  • Parking Features: Open

Utilities

  • Laundry Features: None
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 4734.28
  • Pets Allowed: Yes
  • Senior Community: No
  • Amenities: Elevator(s), Pool
  • Association: Yes
  • Pets Allowed: Breed Restrictions, Number Limit
  • Common Interest: Condominium

Fee Information

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

Lot Info

  • Parcel #: 50434322170020060
  • Mobile Dim Units: Feet
  • Zoning: 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
$3,440,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$534,819
Avg. Annual Appreciation
-6.39%

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
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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
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 $562,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
01/02/2021 01/02/21 Pending -- -- --
09/08/2020 09/08/20 For Sale $1,975,000 -- $943 / 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 $39,065 $2,450,000 -- --
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

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10891606

BeachesMLS (Greater Fort Lauderdale)

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

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