315 S Lake Drive Ph C, Palm Beach, FL 33480 — MLS photo

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315 S Lake Drive Ph C, Palm Beach, FL 33480

Active · Condominium

$9,900,000

315 S Lake Drive Ph C, Palm Beach, FL 33480

Beds
3
Baths
3
Living area
2,705 sq ft
$ / sq ft
$3,660/sq ft
Year built
1969
Lot size
—
HOA fee
$21,143 Monthly
Annual tax
$101,226

About this property

Welcome to this stunning, fully renovated, highly desirable penthouse apartment, designed by the renowned Hive Design Group. The Southlake is a small luxury, boutique building located in the most sought after location- the center of Palm Beach. With high ceilings and an abundance of natural light, this apartment opens to an expansive, private terrace facing south and west. Meticulously maintained, pristine kitchen, spacious grand living - dining area with a library that could be converted to a third bedroom. There is also a dedicated office space, laundry room and the building allows pets. This convenient location puts you a few blocks from Worth Avenue, The Society of Four Arts, the beach, town docks, and the Lake Trail.

Property location

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315 S Lake Drive Ph C, Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
2,705 sq ft
Flooring
Carpet, Ceramic Tile, Hardwood, Marble, Wood
Appliances
Dryer, Dishwasher, Electric Range, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Closet Cabinetry, Entrance Foyer, Fireplace, Living Dining Room, Sitting Area In Primary, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1969
Stories
6
Architectural style
Penthouse
Roof
Other
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Patio
Pool
None, Association, Community
Waterfront
Intracoastal Access
View
Intercoastal

Parking

Garage spaces
1
Covered spaces
1
Parking features
Covered, Garage, One Space

HOA, Community & Financials

Association fee
$21,143 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Insurance, Pest Control, Sewer, Trash, Water
Amenities
Elevators, Management, Pool, Trash
Security
Door Man, Lobby Secured, Security System, Smoke Detectors
Pets allowed
No
Annual tax
$101,226
Subdivision
SOUTHLAKE CONDOMINIUM
County
Palm Beach
Days on market
397
MLS listing ID
R11124809
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$53,400

Cap rate
-0.8%
Net yield
-0.8%
Cash-on-cash return
-23.1%
Gross yield
3.9%
Mortgage payment
$46,931/mo
Down payment
$2,475,000
Loan amount
$7,425,000
Annual NOI
-$77,627

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.