$120,000
5306 Cedar Lake Drive 201
Boynton Beach, FL 33437
LAKESIDE CONDO 1 OF BANYAN SPRINGS
Explore the area: Boynton Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- Asking price
- $120,000
- Price per sq ft
- $96
- Vs. nearby sales
- 4% below
- Days on market
- 408
This 2-bedroom condo in Lakeside Condo 1 Of Banyan Springs went under contract with an asking price of $120,000, or $96 per square foot. The asking price has come down 51.8% from its original $249,000. It spent 408 days on the market before going under contract. The 3 most recent condo sales in the closings shown below sold at a median of $100 per square foot, so the asking price was 4% below what comparable homes here actually sold for.
Estimated monthly payment
$631 /mo
Principal and interest only, based on $24,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $847/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $120,000
- Days on Site
- 408 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,252 sqft
- Total Sq Ft
- 1,388 sqft
- Year Built
- 1981
- Property Type
- Condo
- MLS #
- R11108357
- Property Tax
- $4,471 (2024)
- HOA Fees
- $847 / Monthly
- Subdivision
- LAKESIDE CONDO 1 OF BANYAN SPRINGS
- County
- Palm Beach
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
EXTREMELY MOTIVATED... Freshly painted 2 bedroom 2 bath 2nd floor unit in this very desirable over 55 community with its OWN PRIVATE DEDICATED LIFT. This condo features a wood cabinet kitchen with a breakfast nook area overlooking the landscaped green space of the community. The kitchen has a newer stainless-steel refrigerator along with black appliances. The entry foyer also has wood flooring with the remaining unit featuring ceramic tile flooring. The washer and dryer are housed in the 2nd bathroom with a glass door shower and decorative tile. The open great room has ample space to display your furniture. The main bedroom has a built in closet system and the attached ma bath has an additional walk- in closet, two sinks and a decorative shower. The enclosed lanai is a great space to relax and enjoy the views. Banyan Springs offer all the amenities for your enjoyment including café, fitness center pickleball, pool and so much more. Come See!!!!!!!!!!!!!!!!!!
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Under Contract
- Year Built
- 1981
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- Multi Split
- Parking
- Assigned / See Remarks
- Direction Faces
- North
- Lot Size (Acres)
- 0
- Living Sq Ft
- 1,252
- Total Sq Ft
- 1,388
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- RES
Interior Features
- Appliances
- Dryer / Dishwasher / Disposal / Ice Maker / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Ceramic Tile / Laminate
- Interior Features
- Built In Features / Dual Sinks / Entrance Foyer / Eat In Kitchen / Elevator / Family Dining Room / Separate Shower / Stacked Bedrooms / Tub Shower / Bar / Walk In Closets
- Laundry
- Inside / Laundry Closet
- Main Level Bedrooms
- 2
- Main Level Baths
- 2
- Total Rooms
- 5
- Furnished
- Unfurnished
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Roof
- Barrel
- Exterior Features
- Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Covered / Patio / Porch
- Waterfront Features
- None
- View
- Garden
Community & HOA
- HOA Fee
- $847 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Insurance / Pest Control / Sewer / Security / Trash / Water
- Association Amenities
- Fitness Center / Library / Management / Pickleball / Pool / Recreation Facilities / Restaurant / Spa Hot Tub / Sidewalks / Tennis Courts
- Community Features
- Gated / Property Manager On Site
- Security
- Gated Community / Smoke Detectors
- Utilities
- Cable Available / Sewer Available / Water Available
- Pets Allowed
- Pet Restrictions / Yes
- 55+ Community
- Yes
- Financing Terms
- Cash
- Restrictions
- No Motorcycles / No Truck
- MLS Area
- 4610
This home's HOA fee works out to $847 a month, in line with the $858 median across 9 homes for sale in Lakeside Condo 1 Of Banyan Springs. See Lakeside Condo 1 Of Banyan Springs HOA fees
Schools
- Elementary School
- Crosspointe
- Middle School
- Carver Community
- High School
- Boynton Beach
About the Community
Banyan Springs is an age-restricted 55+ community in Boynton Beach, Palm Beach County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $165,000 to $234,888. At least one resident per home must be 55 or older. Pure Equity lists homes in Banyan Springs 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
- 4
- Under Contract
- 4
- Median List Price
- $204,000
- Median $/Sq Ft
- $169
- Avg Days on Market
- 37
Frequently Asked Questions
- How do I schedule a tour of 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437?
- Use the Tour button on this listing to request a showing of 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437. 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 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437 still available?
- 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437 is currently listed as Under Contract, and has been on the market 408 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 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437?
- With 20% down ($24,000) on the $120,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437 is about $631/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 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437 have an HOA fee?
- Yes: 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437 carries an HOA fee of about $847 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437?
- 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437 is zoned for Crosspointe (elementary), Carver Community (middle), Boynton Beach (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 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437?
- Often, yes. The right offer on 5306 Cedar Lake Drive 201, Boynton Beach, FL 33437 depends on how it's priced against comparable condo sales in Boynton 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 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 June 23, 2026.
$120,000
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Listed by Marjorie Goldman Spaderna, Coldwell Banker Realty
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Recent Sales
Recently sold homes in Lakeside Condo 1 Of Banyan Springs
These are the last 6 recorded closings in Lakeside Condo 1 Of Banyan Springs, with the price each home actually sold for rather than what it was listed at. They closed at a median of $154 per square foot. The most recent closed on September 16, 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$165,500
Sold · September 16, 2026
10174 Mangrove Drive 201
2 bed · 2 bath · 1,228 sqft · $135/sqft
$19,000 under the asking price
Sold$260,000
Sold · September 1, 2026
10015 Hickorywood Place
2 bed · 2 bath · 1,363 sqft · $191/sqft
$9,990 under the asking price
Sold$110,000
Sold · August 25, 2026
5068 Rose Hill Drive 102
2 bed · 2 bath · 1,100 sqft · $100/sqft
$24,900 under the asking price
Sold$215,000
Sold · June 16, 2026
5199 Rose Hill Drive
2 bed · 2 bath · 1,057 sqft · $203/sqft
$19,888 under the asking price
Sold$123,500
Sold · June 10, 2026
10118 Mangrove Drive 104
2 bed · 2 bath · 1,252 sqft · $99/sqft
$6,500 under the asking price
Sold$247,000
Sold · May 15, 2026
10173 Chestwood Road
3 bed · 2 bath · 1,600 sqft · $154/sqft
$11,000 under the asking price
See every recorded sale in Lakeside Condo 1 Of Banyan Springs or find out what your Lakeside Condo 1 Of Banyan Springs home is worth.
