$1,999,000

Estimated payment $13,430/month

Total Views 2,849
1 Bed
1 Bath
871 Sq Ft
$2,295 Price per Sq Ft

Highlights

  • Doorman
  • Ocean Front
  • Eat-In Kitchen
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • High Impact Windows

About This Home

Jewel Box Perfection!!! This beautifully renovated 5th-floor Palm Beach condo stands out with its just-completed gut renovation, featuring elegant herringbone wood floors throughout and a sleek white lacquer kitchen with high-end stainless steel appliances. The spacious, sun-drenched one-bedroom, one-bath unit offers stunning views from its wrap-around balcony, and the expansive completely reimagined walk-in closet. Impact windows and doors ensure both safety and soundproofing, while the building provides 24-hour doorman service, a full-time manager, and a maintenance staff. Residents enjoy a heated pool, onsite parking, and a large storage bin. Pet-friendly with allowance for up to two pets, the condo is also leasing-friendly. Ideally located just steps from the beach and directly on the Intracoastal Lake Trail, this condo offers the perfect Palm Beach lifestyle in a prime in-town location.

Listing Agent

darren marotta

Engel & Völkers-Wellington License #SL-3329845

Engel & Völkers-Wellington

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $15,505

Year Built

  • Built in 1963

Lot Details

  • North Facing Home

HOA Fees

  • $1,002 Monthly HOA Fees

Parking

  • Open Parking

Interior Spaces

  • 871 Sq Ft Home
  • Storage

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Electric Range
  • Microwave
  • Freezer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door

Pool

  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434315350005020

Community Details

Overview

  • Association fees include insurance
  • 60 Units
  • Lake Towers Community
  • 7-Story Property

Amenities

  • Doorman
  • Laundry Facilities
  • Elevator

Recreation

  • Bike Trail

Pet Policy

  • Pet Restriction
  • Small pets allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$15,505

Year Built

Built in 1963

Lot Details

0

HOA Fees

$1,002 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: Lake Towers
  • Year Built: 1963
  • Location Tax Legal:Name of Building: Lake Towers
  • Location Tax Legal:Zoned: R-D(1) - Moderate Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 15504.68
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 1001.63
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 60
  • General Property Description:_pound_ Floors: 7.0
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Security:Security System: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Exposure of Unit:North2: Yes
  • Laundry:Laundry in Building: Yes
  • Pets:Pets Allowed: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Pets:Weight Restrictions: 25 lbs or Under
  • Waterfront-Building:Ocean- Across Street: Yes
  • Waterfront-Building:ICW-Across Bike Path: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Freezer, Oven-Single, Microwave, Range - Electric
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Other Flooring
  • Interior Amenities: Cable, Storage, Wndw Trmnts Included
  • Stories: 7
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Impact Doors, Impact Windows, Elevator, Lobby
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes

Garage/Parking

  • Parking:Open Parking: Yes

Utilities

  • Laundry Features: Laundry in Building
  • Security: Security System, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434315350005020
  • Zoning: R-D(1) - Moderate Density Residential

Rental Info

  • Pets Other: 2 pets allowed

Multi Family

  • Number Of Units Total: 60
  • Maintenance Expense: 1001.63

Tax Info

  • Tax Annual Amount: 15504.68
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $19,243 $1,262,000 -- --
2023 $15,505 $774,400 $0 $0
2022 $12,015 $704,000 $0 $0
2021 $10,777 $640,000 $0 $640,000
2020 $10,459 $620,000 $0 $620,000
2019 $9,506 $535,000 $0 $535,000
2018 $8,820 $515,000 $0 $515,000
2017 $8,667 $515,000 $0 $0
2016 $8,151 $435,600 $0 $0
2015 $7,672 $396,000 $0 $0
2014 $6,633 $360,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2025 02/11/25 Price Changed $1,999,000 -8.9% $2,295 / Sq Ft
11/20/2024 11/20/24 For Sale $2,195,000 +62.6% $2,520 / Sq Ft
11/08/2023 11/08/23 Sold $1,350,000 -12.9% $1,550 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
07/27/2023 07/27/23 Price Changed $1,550,000 -8.6% $1,780 / Sq Ft
05/19/2023 05/19/23 Price Changed $1,695,000 -7.1% $1,946 / Sq Ft
04/05/2023 04/05/23 For Sale $1,825,000 -- $2,095 / Sq Ft
Source: Palm Beach Board of REALTORS®

Deed History

Date Type Sale Price Title Company
Deed $355,000 --
Warranty Deed $155,000 --
Source: Public Records

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Source: Palm Beach Board of REALTORS®

MLS Number: 24-1750

APN: 50-43-43-15-35-000-5020