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1202 S Lake Drive #502, Lantana, FL, 33462

2beds
2baths
1,200sqft
$345,000
$288price/sqft
$4,361/moest. monthly cost
$174,440/yrincome needed

About This Home

This spacious top floor 2-bedroom, 2 bathroom waterfront condo offers an amazing view of the Intracoastal facing east towards Hypoluxo Island. The kitchen is roomy and fully equipped. In-unit washer and dryer. Two designated parking spaces are allotted to the unit. A same level storage unit is included as well as bike storage space. This all-ages, pet friendly community boasts a large heated waterfront pool, furnished pool deck with communal grill and fire pit, private fishing pier and kayak access. HOA fees cover water, sewer, trash, pool maintenance, landscaping, and building insurance. Lantana Beach is close by, reachable either by a short drive or healthy one mile walk. Several popular restaurants and cafés, among them the popular Old Key Lime House, are close by. For sports enthusiasts the nearby Lantana Town Rec center offers free access to tennis and pickle ball courts. No probate period for leasing. Leasing allowed max. twice per 12 month period with 3 months minimum. Must verify with Association for pet and other restrictions.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

4/10
Lantana Elementary SchoolGrades PK-50.8 mi
3/10
Lantana Middle SchoolGrades 6-80.9 mi
2/10
Lake Worth High SchoolGrades PK,9-123.0 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1980

Materials

  • Roof: Other
  • Construction materials: Block

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Electric Water Heater,Disposal,Ice Maker,Microwave,Refrigerator,Water Heater
  • Laundry features: In Unit,Washer Dryer Install Allowed

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Features

  • Bedroom on Main Level,Multiple Primary Suites,Split Bedrooms,Walk-In Closet(s)
  • Flooring: Laminate,Tile

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Ceiling Fan(s),Electric

Interior Area

  • Total structure area: 1,351
  • Total interior livable area: 1,200 sqft

Property

Accessibility

  • Accessibility features: Accessibility Features,Accessible Elevator Installed

Details

  • Parcel number: 40434503300005020
  • Zoning: R15 (city)
  • Special condition: Standard,Listed As-Is

Features

  • Levels: One
  • Stories: 1
  • Pool features: Association,Heated
  • Patio & porch: Open,Balcony
  • Exterior features: Balcony,Lighting,Outdoor Living Area
  • Has view: Yes
  • View description: Intercoastal
  • Has water view: Yes
  • Water view: Intercoastal
  • On waterfront: Yes
  • Waterfront features: Intracoastal Access,Other
  • Frontage type: Waterfront
  • Frontage length: 45.00,45.00

Parking

  • Total spaces: 2
  • Parking features: Guest,Open
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters in Palm Beach County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,744$20,928
Home Insurance *$1,787$21,444
Property Taxes $633$7,596
Electricity $197$2,366
Total$4,361$52,332
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$149,520/yr
40% on housing$130,830/yr
45% on housing$116,293/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.0%
4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$288This listing

vs Other Active Listings

Avg $/sqft

ZIP 33462$538
Palm Beach County$444

vs Homes Sold Last Month

Median $/sqft

ZIP 33462$314
Palm Beach County$365

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-11-07Price change$345,000
2025-03-28Price change$349,000
2025-03-04Price change$369,000
2024-12-01Price change$349,000
2024-11-01Price change$374,000
2024-05-06Price change$398,000
2024-01-08Listed for sale$419,000
2023-04-25Listing removed--
2023-03-22Listed for rent$2,700
2020-07-25Listing removed$1,900
2020-06-09Listed for rent$1,900
2014-04-11Sold$197,500
2014-01-03Listed for sale$209,000
2012-08-08Listing removed$199,000
2011-11-22Listed for sale$199,000
2004-08-24Sold$370,000
1998-02-20Sold$110,000
1997-03-20Sold$85,000

For Sale by Agent

AgentJorge A Zea
BrokerageBlue Lighthouse Realty, INC

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