123 Lakeshore Drive 1845, North Palm Beach, FL 33408 — MLS photo

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123 Lakeshore Drive 1845, North Palm Beach, FL 33408

Active · Condominium

$725,000

123 Lakeshore Drive 1845, North Palm Beach, FL 33408

Beds
2
Baths
2
Living area
1,715 sq ft
$ / sq ft
$423/sq ft
Year built
1980
Lot size
—
HOA fee
$1,485 Monthly
Annual tax
$7,032

About this property

Come see the million-dollar view with the marina, Lake Worth, the Atlantic, and the Intra-Coastal Waterway; and NO high-rise buildings blocking your view. This TOTALLY updated unit has a PRIVATE wrap-around balcony, 100% ceramic tile floors, LED lighting, and NO popcorn ceilings, with TV and internet included in the fee. There are large his and hers walk-in closets with built-ins, and the glass and shutters are hurricane rated and meet current requirements: An approximate $50,000+ value. The Association is popular with owners, and is up to date with required engineering studies, reserve requirements, and conformance to Florida law. It is a gated, 55+ community, with a pool, sauna, and car wash. "Our" restaurant, Belle's, is a one minute walk. You won't want to dine elsewhere.

Property location

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123 Lakeshore Drive 1845, North Palm Beach, FL 33408

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,715 sq ft
Flooring
Ceramic Tile
Appliances
Built In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Ceiling Fans, Electric, Reverse Cycle
Heating
Central, Electric, Heat Pump
Interior features
Bedroom On Main Level, Dual Sinks, Entrance Foyer, Split Bedrooms, Shower Only, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1980
Stories
22
Lot size
0 sq ft
Architectural style
One Story
Roof
Tar Gravel
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Porch, Shutters Electric, Storm Security Shutters
Pool
None, Association, Community, Heated
View
Bay, Intercoastal, Lake, Ocean, Water

Parking

Covered spaces
1
Parking features
Assigned, Attached, Common, Covered, Garage, Guest

HOA, Community & Financials

Association fee
$1,485 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Hot Water, Internet, Recreation Facilities, Reserve Fund, Roof, Sewer, Security, Trash, Water
Amenities
Community Kitchen, Controlled Access, Library, Management, Pool, Guard, Sauna, Security, Trails, Trash, Elevators
Security
Building Security, Fire Alarm, Gated With Guard, Intercom, Key Card Entry, Lobby Secured, Phone Entry, Security System, Fire Sprinkler System, Security Gate, Smoke Detectors
Pets allowed
No
Annual tax
$7,032
Subdivision
OLD PORT COVE TOWERS
County
Palm Beach
Days on market
118
MLS listing ID
B26031262
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

-$1,358

Cap rate
3.4%
Net yield
3.4%
Cash-on-cash return
-8.0%
Gross yield
8.4%
Mortgage payment
$3,437/mo
Down payment
$181,250
Loan amount
$543,750
Annual NOI
$24,948

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