1 / 27
+22 photosLuxury condo — 315 S Lake Drive Ph C · Southlake Condominium · Palm Beach
South Florida Luxury Living
Property Magazine
Your home in print
A magazine dedicated to 315 S Lake Drive Ph C, Palm Beach, FL 33480
Dedicated to you and your family.
A photo-rich, always-current edition with the home’s details, neighborhood lifestyle, assigned and nearby schools, ownership planning, and applicable waterfront guidance. Sign in or create a free account and the same edition is rewritten around your household — the schools your children would attend, the boat you keep, the routes you actually drive.
Open property magazine$9,900,000
315 S Lake Drive Ph C, Palm Beach, FL 33480
Palm Beach, FL, 33480
3 bd · 3 ba · 2,705 sqft
Listed by Sotheby's Intl. Realty, Inc.
315 S Lake Drive Ph C, Palm Beach, FL 33480
Listed by Sotheby's Intl. Realty, Inc.
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
0 of 6 homes in your tour
Estimated monthly payment
$79,286/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $79,286/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesWelcome 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.
Ask Simon about boat size
Boat length limit: Not provided · Dock: Not provided — Ask Simon
min · est.
Not provided
low tide depth
Enter draft
bridges on the route
Not provided
Run to the ocean
Saved route not provided — Ask Simon
Map © Esri · saved route, planning only
Water depth on the way out
Saved depth segments not provided — Ask Simon
Charted route depths do not confirm private dock depth, current shoaling or safe passage; verify with your captain.
Today’s tide · Eastern time
Current tide prediction not provided — Ask Simon
Route bridges & sources
Bridges on the route
No bridges on this route
Depth sources
NOAA chart (updated weekly)Tides
Tides: NOAA tide predictions, nearest station
Estimate only, not guaranteed. Verify before you buy or sell.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 6%
The seller has come down from $10,500,000 to $9,900,000 — a $600,000 reduction since it came on the market.
422 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Building health
- Building
- SOUTHLAKE CONDOMINIUM· MLS
- Year built
- 1969· MLS
- Stories
- 6· MLS
- Units
- Not provided —
- Milestone inspection
- Not provided —
- Milestone date
- Not provided —
- SIRS
- Not provided —
- SIRS date
- Not provided —
- Special assessments
- Not provided —
- Assessment amount
- Not provided —
- Assessment purpose
- Not provided —
- Assessment due date
- Not provided —
- Reserves
- Not provided —
- Minimum lease term
- Not provided —
- Rentals per year
- Not provided —
- Pet rules
- Yes, Number Limit· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $21,143 / month · billed Monthly· MLS
Last updated Not provided, source: MLS remarks —
Always review the association's milestone inspection report, SIRS, budget and the last 24 months of board minutes before you buy.
Property Details
Dogs
Welcome here
Cats
Welcome here
Your costs (est.)
≈ $79,286/mo
315 S Lake Drive Ph C, Palm Beach, FL 33480 · Palm Beach
Location
315 S Lake Drive Ph C, Palm Beach, FL 33480
Dock & Draft Match™
Dock / slip — ask about dock
Boat fit not verified. Confirm dock length, depth, bridges and ocean access before buying.
One home, every check
Dock & Draft Match™ brings this home's dock length, low-water depth, every bridge, the ocean run, frontage and yacht size together in one place. Estimate only, not guaranteed. Verify before you buy or sell.
What buyers ask about this home
What are the estimated monthly carrying costs at 315 S Lake Drive Ph C, Palm Beach, FL 33480?+
Property tax (after sale): $6,774/month est.; homeowners insurance: $0/month est.; HOA: $21,143/month. Fixed ownership costs before a mortgage: $27,917/month est. Principal and interest: $51,369/month; PMI: $0/month. Total for the payment scenario shown: $79,286/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 315 S Lake Drive Ph C, Palm Beach, FL 33480?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 315 S Lake Drive Ph C, Palm Beach, FL 33480 need flood insurance, and what drives the premium?+
Most of Palm Beach sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should I check about the association before buying 315 S Lake Drive Ph C, Palm Beach, FL 33480?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 315 S Lake Drive Ph C, Palm Beach, FL 33480 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Palm Beach luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 315 S Lake Drive Ph C, Palm Beach, FL 33480?+
This listing has been on the market 422 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Palm Beach. Historic island address — Worth Avenue, oceanfront estates, and the Breakers, with private clubs throughout.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Conniston Middle School
Middle school · 2.2 mi from this home · 3630 Parker Ave, West Palm Beach
Forest Hill Community High School
High school · 3.7 mi from this home · 6901 Parker Ave, West Palm Beach
Zone boundaries published by School District of Palm Beach County.
Other options for this address
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
$9,900,000 · MLS R11124809
$9,900,000
315 S Lake Drive Ph C
425 WORTH Avenue 2F, Palm Beach, FL 33480
Listed by Sotheby's Intl. Realty, Inc.
VILLAS INC
3 bd · 4 ba · 3,232 sq ft
$6,250,000
View details
401 PERUVIAN Avenue 1040, Palm Beach, FL 33480
Listed by Brown Harris Stevens of PB
PERUVIAN TERRACE CONDO
1 bd · 1 ba · 684 sq ft
$1,895,000
View details
401 PERUVIAN Avenue 1050, Palm Beach, FL 33480
Listed by Brown Harris Stevens of PB
PERUVIAN TERRACE CONDO
1 bd · 1 ba · 595 sq ft
$1,895,000
View details
227 BRAZILIAN Avenue 0200, Palm Beach, FL 33480
Listed by Brown Harris Stevens of PB
BRAZILIAN OF PB CONDO LT 4 BLK E ROYAL PARK
1 bd · 1 ba · 643 sq ft
$1,250,000
View details
300 S OCEAN Boulevard 4F, Palm Beach, FL 33480
Listed by The Corcoran Group
THREE HUNDRED OCEAN BLVD APTS INC
2 bd · 2 ba · 1,274 sq ft
$2,385,000
View details
2 N BREAKERS Row S32, Palm Beach, FL 33480
Listed by One Sotheby's International Realty
TWO NORTH BREAKERS ROW CONDO
3 bd · 4 ba · 3,020 sq ft
$6,250,000
View details