$3,950,000
SOLD JAN 21, 2025

369 S Lake Dr Unit Ph D Palm Beach, FL 33480

2 Beds
2 Baths
1,905 Sq Ft
$2,834/mo HOA Fee

Recently Sold

$2,073 Per Sq Ft

25% Below List Price

294 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Community Pool
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Elevator

About This Home

As of January 2025

Looking for sunset views over Lake Worth on your own private 840 square foot penthouse terrace? Look no further than this spacious 2-bedroom, 2-bathroom penthouse at 369 South Lake. Just steps to Worth Avenue and the docks, this condo resides in the beloved Park Place, a 42-unit boutique co-op building in the heart of town. A truly unique condo-looking for a new owner for the first time in almost 30 years - a buyer looking to add their personal touch and modern-day designs. Washer and dryer in-unit. Park Place is a wonderfully managed building that is pet friendly (no size restriction on dog). A perfectly maintained community pool, a 24-hour doorman, plus a large staff and full-time property manager.One exterior parking spot included. Several recent updates have been made within the unit.

Last Agent to Sell the Property

Kevin Mulvaney

Palm Group Realty LLC License #3387287

Last Buyer's Agent

Alexis Waller

Brown Harris Stevens of PB License #3411126

Brown Harris Stevens of PB

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $9,575

Year Built

  • Built in 1961

Lot Details

  • Property fronts an intracoastal waterway

HOA Fees

  • $2,834 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

  • 1,905 Sq Ft Home
  • Awning
  • Blinds
  • Sliding Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Intracoastal Views
  • Impact Glass
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Terrazzo

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Open Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 50434327670006040

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, ground maintenance, maintenance structure, parking, pool(s), roof, security, trash
  • High-Rise Condominium
  • Park Place Inc Subdivision
  • 6-Story Property

Amenities

  • Doorman
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Trails

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Co-Op

Est. Annual Taxes

$9,575

Year Built

Built in 1961

Lot Details

0

HOA Fees

$2,834 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Stock Cooperative
  • Property Sub Type Additional: Stock Cooperative
  • Directions: Okeechobee over bridge, right onto S. Lake Drive. Located between Chilean and Australian Ave.
  • Year Built: 1961
  • Architectural Style: High Rise
  • Entry Level: 6
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Entrance Foyer, Living/Dining Room
  • Private Spa: No
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Terrazzo
  • Living Area: 1905.0
  • Stories: 6
  • Window Features: Blinds, Drapes, Impact Glass, Sliding

Exterior Features

  • Exterior Features: Balcony, Awning(s)
  • View: Intercoastal, Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Security: Door Man, Security Guard
  • 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: 2834.0
  • Community Features: Non-Gated, Property Manager On-Site, Pool, Street Lights
  • Senior Community: No
  • Amenities: Fitness Center, Management, Pool, Trail(s), Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Pool(s), Roof, Security, Trash

Lot Info

  • Parcel #: 50434327670006040
  • Zoning Description: R-D(2)50

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9575.0

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

Property History

Date Event Price Change Sq Ft Price
01/21/2025 01/21/25 Sold $3,950,000 -9.7% $2,073 / Sq Ft
10/21/2024 10/21/24 Price Changed $4,375,000 -10.7% $2,297 / Sq Ft
04/12/2024 04/12/24 Price Changed $4,899,000 -6.7% $2,572 / Sq Ft
04/01/2024 04/01/24 For Sale $5,250,000 -- $2,756 / Sq Ft
Source: BeachesMLS

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Source: BeachesMLS

MLS Number: R10973745

BeachesMLS

APN: 50-43-43-27-67-000-6040