123 Lakeshore Drive 1543, North Palm Beach, FL 33408 (MLS# R11007174)

123 Lakeshore Drive 1543, North Palm Beach, FL 33408

$815,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,478 Status: Closed
Current Price: $815,000 List Date: 7/26/2024 Last Modified: 8/13/2026

Overview

Description

Seize the chance to own a prime investment property on a high floor in the most coveted stack at Old Port Cove Towers. This rare find offers breathtaking, unobstructed wrap-around views of the Intracoastal Waterway, marina, Singer Island, and beyond. The spacious 3-bedroom, 2.5-bath unit features a well-designed split floor plan, generous living areas, a dedicated laundry room, and ample storage throughout. This property comes with the added benefit of a reliable, guaranteed tenant, making it an ideal investment with immediate returns. The current lease extends until May 2025, with the tenant holding an option to renew for an additional two years—offering flexibility for either short-term investment with future move-in potential or long-term rental income.

Supplements: Residents can enjoy a leisurely stroll along the scenic 2-mile walking path that leads to the on-site restaurant, or dock their boat at the Safe Harbour Marina. Located in a 55+ community, this unit provides both an exclusive lifestyle and a solid investment opportunity.

Listing Details MLS# R11007174

General Property Information

Unit Floor #
15
Property Sub Type
Condominium
Bedrooms Total
3
Bathrooms Total
3
Bathrooms Full
2
Bathrooms Half
Yes
Building Area Main
2478
Building Area Source
Public Records
Living Area Main
2478
Year Built
1980
Carport YN
Yes
Carport Spaces
Yes
Covered Spaces
Yes
Gated Community YN
Yes
Senior Community YN
Yes
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
22
Direction Faces
East
Pool Private YN
No
Spa YN
Yes
Furnished
Unfurnished

Property Features

Accessibility Features: Accessible Hallway(s) Association Fee Includes: Cable TV; Common Areas; Common Real Estate Tax; Elevator; Maintenance Grounds; Security; Water Flooring: Carpet; Ceramic Tile Parking Features: Assigned; Covered Property Condition: Resale Spa Features: Heated; In Ground Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Electric Association Type: Condominium Heating: Central; Electric Interior Features: Bar; Bedroom Layout - Split; Closet Cabinetry; Storage; Walk-In Closet(s) Listing Terms: Cash; Conventional Lot Features: Sidewalks Pets Allowed YN: No Possession: Close Of Escrow Restrictions: Parking - No Commercial Vehicles Road Frontage Type: East of US-1 Security Features: Fire Alarm; Gated with Guard; Security System; Smoke Detector(s) Tax Information: City/County Unit Description: Corner/End Unit Utilities: Cable Available View: Golf Course Water View: Intracoastal; Marina; Ocean Waterfront Features: Intracoastal Showing Requirements: Appointment Only; Call Listing Agent; Fob Required; Listing Agent Must Accompany Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Wrap Around Patio Details: Patio - Open Contingencies: None Room Types: Bedroom 2; Bedroom 3; Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
879000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
123
Street Name
Lakeshore
Street Suffix
Drive
Unit Number
1543
City Name
North Palm Beach
State Or Province
FL
Postal Code
33408
Postal Zip
33408
Subdivision Name
OLD PORT COVE TOWER WEST CONDO
Development Name
Old Port Cove
Area
5250
Geographic Area
PB28
Special Assessment YN
Yes
Parcel Number
68434209340001543
Zoning
R3
Directions
US HIGHWAY 1 SOUTH OF PGA

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
1645
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Membership Fee Required YN
No
Tax Annual Amount
14148
Tax Year
2023
Tax Legal Description
OLD PORT COVE TOWER WEST COND UNIT 1543

Status Change Information

Major Change Timestamp
2025-02-06T17:17:05Z
Major Change Type
Status Change
Status Change Date
2025-02-06
Under Contract Date
2025-01-07
Close Date
2025-01-27
Close Price
815000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Short Sale Details

Short Sale Addendum
No

Capital Contributions

Capital Contributions YN
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
3

Storm Protection

Accordian Shutters
Complete

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Bedroom 2 Level
Main
Bedroom 3 Level
Main
Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main

Price Calculations

Current Price To SqFt
328.89
Original List Price To Close Price
1.07

Originating Details

Originating System Key
20240724141235232823000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level Remarks
Living Room 26.00 15.00 Main
Kitchen 16.00 10.00 Main
Master Bedroom 18.00 14.00 Main
Bedroom 2 16.00 16.00 Main approximate
Bedroom 3 15.00 15.00 Main APPROX.
IDX
Listing Office: Sutter & Nugent LLC
Source MLS Verified
Last Updated: August - 13 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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