$197,500
1516 S LAKESIDE Drive 106
Explore the area: Lake Worth Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- List price
- $197,500
- Price per sq ft
- $257
- Vs. nearby sales
- 50.3% above
- Days on market
- 17
This 1-bedroom condo in Palm Lake 1 Condo is listed at $197,500, or $257 per square foot. It has been on the market for 17 days. The 6 most recent condo sales in the closings shown below sold at a median of $171 per square foot, so the asking price is 50.3% above what comparable homes here actually sold for.
Estimated monthly payment
$1,038 /mo
Principal and interest only, based on $39,500 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $370/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $197,500
- Days on Site
- 17 Days
- Bedrooms
- 1
- Total Baths
- 2
- Full Baths
- 1
- Partial Baths
- 1
- Living Area
- 767 sqft
- Total Sq Ft
- 767 sqft
- Year Built
- 1973
- Property Type
- Condo
- MLS #
- B26092125
- Property Tax
- $2,936 (2025)
- HOA Fees
- $370 / Monthly
- Subdivision
- PALM LAKE 1 CONDO
- Development
- Palm Lake
- County
- Palm Beach
- Status
- Active
- Special Conditions
- Standard
About This Property
Not designed for everyone. Designed with intention. In a 55+ community on the Lake Worth Lagoon, this 1BR/1.5BA residence pairs a modest footprint with a bold architectural vision. Reimagined with updated electrical and plumbing, impact windows, Porcelanosa bath tile, sculptural lighting and specialty glass sourced from Lake Worth Beach's McMow Art Glass. Preserved original framing is deliberately exposed, honoring the building's history, while glass blocks bring light into the open, door-free design. The minimalist kitchen features undercounter refrigeration and a two-burner cooktop, with no freezer or dishwasher. For someone who values craftsmanship and individuality over convention, this is a rare waterfront-community opportunity under $200,000. Some homes are renovated. Others are thoughtfully reimagined. This distinctive 1-bedroom, 1.5-bath residence at Palm Lake Condo reflects an owner's appreciation for architecture, fine materials and intentional design. Located in a 55+ waterfront community along the beautiful Lake Worth Lagoon in Lake Worth Beach, it offers an uncommon opportunity to enjoy a highly individualized home for under $200,000. The renovation extends well beyond cosmetic improvements, with updated electrical and plumbing, impact windows, beautifully finished modern walls, carefully selected statement lighting and a bathroom featuring Porcelanosa tile. One of the home's most interesting architectural details is its preservation of original construction materials. Rather than conceal every element of the building's history, the owner intentionally exposed and carefully finished sections of the original wood framing and metalwork. These details are part of the design, reflecting an appreciation for craftsmanship and authenticity. Specialty architectural glass, sourced from McMow Art Glass, a celebrated local Lake Worth Beach studio, introduces another beautiful element. The textured glass allows light to filter and reflect throughout the residence, creating a sense of openness while providing visual separation. The interiors embrace a minimalist philosophy. Conventional interior doors have largely been eliminated in favor of an open, uninterrupted flow, with cabinetry providing thoughtfully concealed storage. The kitchen follows this same design approach. It features undercounter refrigeration and a two-burner cooktop rather than traditional full-size appliances. There is no freezer or dishwasher. These are deliberate design choices, and buyers seeking a conventional kitchen should take note. The community enjoys a picturesque Intracoastal setting with a waterfront swimming pool and convenient access to downtown Lake Worth Beach, restaurants, shopping and the area's beautiful beaches. This residence is not intended to appeal to everyone. It is for someone who recognizes the value of fine materials, meticulous attention to detail and a home with its own architectural identity. An opportunity to own something genuinely different at an approachable price point. Best experienced in person.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 1973
- Property Condition
- Resale
- Number of Stories
- 4
- Levels
- One
- Parking
- Assigned / Asphalt / Guest
- Direction Faces
- East
- Lot Size (Acres)
- 0
- Living Sq Ft
- 767
- Total Sq Ft
- 767
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- SF-7 (city)
Interior Features
- Appliances
- Electric Range / Electric Water Heater / Microwave / Refrigerator / Water Heater
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central
- Flooring
- Ceramic Tile / Laminate / Tile / Wood
- Interior Features
- Bedroom On Main Level / Kitchen Dining Combo / Living Dining Room / Pantry / Storage / Tub Shower / Walk In Closets
- Laundry
- Common Area / Laundry Room
- Windows
- Energy Star Qualified Windows / Metal / Single Hung / Storm Windows
- Main Level Bedrooms
- 1
- Main Level Baths
- 1
- Total Rooms
- 4
- Furnished
- Unfurnished
Exterior Features
- Construction
- CBS Concrete Block Structure / Block / Concrete
- Roof
- Composition / Concrete / Mixed / Rolled Hot Mop
- Exterior Features
- Courtyard / Garden / Outdoor Living Area / Uncovered Courtyard
- Architectural Style
- Contemporary
- Pool Features
- Association
- Patio & Porch
- Deck
- Lot Features
- Sprinkler System
- Waterfront
- Yes
- Waterfront Features
- Bayfront / Intracoastal Access / Mangrove / No Fixed Bridges / Ocean Access / Seawall
- View
- Clubhouse / Garden
Community & HOA
- HOA Fee
- $370 / Monthly
- HOA Name
- Palmlake Condo
- HOA Includes
- Common Areas / Insurance / Maintenance Grounds / Sewer / Trash / Water
- Association Amenities
- Bike Storage / Clubhouse / Pool / Parking / Sauna / Trails / Elevators
- Community Features
- Sidewalks
- Security
- Security System / Closed Circuit Cameras / Fire Sprinkler System / Phone Entry / Security Lights
- Utilities
- Cable Available / Electricity Connected / Sewer Available / Water Available
- Pets Allowed
- No
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Buyer Approval Required / No Lease1st Year Owned / Ok To Lease / Rental Restriction
- MLS Area
- 5640
This home's HOA fee works out to $370 a month, 36% below the $580 median across 5 homes for sale in Palm Lake 1 Condo. See Palm Lake 1 Condo HOA fees
Schools
- Elementary School
- Barton
- Middle School
- Lantana Community
- High School
- Lake Worth
About the Community
Palm Lake 1 Condo is an age-restricted 55+ community in Lake Worth Beach, Palm Beach County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $170,000 to $285,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Palm Lake 1 Condo and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 3
- Median List Price
- $170,000
- Median $/Sq Ft
- $222
- Avg Days on Market
- 99
Frequently Asked Questions
- How do I schedule a tour of 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460?
- Use the Tour button on this listing to request a showing of 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460 still available?
- 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460 is currently listed as Active, and has been on the market 17 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460?
- With 20% down ($39,500) on the $197,500 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460 is about $1,038/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460 have an HOA fee?
- Yes: 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460 carries an HOA fee of about $370 monthly (Palmlake Condo). HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460?
- 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460 is zoned for Barton (elementary), Lantana Community (middle), Lake Worth (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460?
- Often, yes. The right offer on 1516 S LAKESIDE Drive 106, Lake Worth Beach, FL 33460 depends on how it's priced against comparable condo sales in Lake Worth Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Coldwell Banker Premium Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated November 14, 2026.
$197,500
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Listed by Leah Beth Ball, Coldwell Banker Premium Realty
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Recent Sales
Recently sold homes in Palm Lake 1 Condo
These are the last 6 recorded closings in Palm Lake 1 Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $173 per square foot. The most recent closed on May 22, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$170,000
Sold · May 22, 2026
1516 S Lakeside Drive 205
2 bed · 2 bath · 1,155 sqft · $147/sqft
$10,000 under the asking price
Sold$125,000
Sold · May 8, 2026
1502 S Lakeside Drive 118
1 bed · 1 bath · 658 sqft · $190/sqft
$100 over the asking price
Sold$169,999
Sold · April 7, 2026
1516 S Lakeside Drive 411
2 bed · 2 bath · 1,010 sqft · $168/sqft
$29,001 under the asking price
Sold$214,000
Sold · April 2, 2026
1502 S Lakeside Drive 204
2 bed · 2 bath · 1,155 sqft · $185/sqft
Sold$175,000
Sold · December 23, 2025
1502 S Lakeside Drive 410
2 bed · 2 bath · 1,010 sqft · $173/sqft
$23,000 under the asking price
Sold$88,000
Sold · December 15, 2025
1516 S Lakeside Drive 317
1 bed · 1.5 bath · 767 sqft · $115/sqft
$2,000 under the asking price
See every recorded sale in Palm Lake 1 Condo or find out what your Palm Lake 1 Condo home is worth.
