A condominium near the Intracoastal in Lake Worth Beach, Florida
Palm Lake No. 1, Lake Worth Beach
A condominium of 142 units in two buildings at 1502 and 1516 South Lakeside Drive in South Palm Park, inside the City of Lake Worth Beach, built in 1973.
Homes, years and sizes: Palm Beach County property records (2025 tax roll).
Overview
About Palm Lake No. 1
Palm Lake No. 1 is the largest condominium on South Lakeside Drive: two matching buildings from 1973 with 142 units between them on the county roll, at the south end of South Palm Park.
The county roll splits the units evenly, 71 at 1502 and 71 at 1516 South Lakeside Drive, all built in 1973. The typical unit has about 770 square feet of living area, and the larger ones run to about 1,160.
South Lakeside Drive follows the lagoon through South Palm Park, a neighborhood of older houses and small buildings south of downtown. Bryant Park and the Lake Avenue bridge to the beach are about a mile north.
We confirm the association’s rules on age, leasing and pets, and its inspection and reserve reports, for a specific unit.
At a glance
- Streets
- South Lakeside Drive (1502 and 1516)
- Home type
- Condominiums
- Built
- Mostly 1973
- Living area
- About 660 to 1,160 sq ft
- Zip code
- 33460
- County
- Palm Beach County
On the market now
Homes for Sale in Palm Lake No. 1
Listings inside the boundary of Palm Lake No. 1, newest first, updated through the day from BeachesMLS. No condominiums are listed for sale here right now. New listings come up through the year; ask me to watch for one.
$179,000
New Listing
1516 S LAKESIDE Drive 310 Lake Worth Beach, Florida
2 Beds 2 Baths 1,010 SqFt
$197,500
New Listing
1516 S LAKESIDE Drive 106 Lake Worth Beach, Florida
1 Beds 2 Baths 767 SqFt
$169,900
For Sale
1516 S Lakeside Drive 408 Lake Worth Beach, Florida
1 Beds 2 Baths 767 SqFt
$197,500
For Sale
1502 S Lakeside Drive #401 Lake Worth Beach, Florida
2 Beds 2 Baths 1,155 SqFt
$278,500
Active Under Contract
1502 S Lakeside Drive 214 Lake Worth Beach, Florida
2 Beds 2 Baths 1,010 SqFt
$170,000
For Sale
1516 S Lakeside Drive 207 Lake Worth Beach, Florida
1 Beds 1 Baths 658 SqFt
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than Douglas Elliman Real Estate are identified with the listing firm’s name on each listing’s detail page. Listing data last updated Tuesday, November 3rd, 2026 at 09:28:10 PM.
Closed sales
The Palm Lake No. 1 Market
Closed sales inside the boundary of Palm Lake No. 1, every home type together. Medians and the middle range say more than any average, and in a community this size a single unusual sale can move a year.
Palm Lake No. 1 recorded 10 closed sales in the twelve months through October 2026. Medians, so one unusual sale does not move them; we break the numbers out by home type for any home you are considering.
| Measure | Last 12 months | Year before | Change |
|---|---|---|---|
| Homes sold | 10 | 10 | flat |
| Median sale price | $170,000 | $115,000 | +48% |
| Median price per sq ft | $172 | $151 | +14% |
| Middle 80% of sales | $110,000 to $214,000 | $100,000 to $245,000 | |
| Active listings now | 0 |
BeachesMLS closed sales inside the boundary of Palm Lake No. 1, twelve months through October 2026, via IDX Broker. Active listings now is live from the MLS feed; the median asking price updates monthly. Listing information deemed reliable but not guaranteed.
Association and costs
The Palm Lake No. 1 Association and What It Costs
Who runs the association, what governs it, and what current listings say the fee is.
| Governed by | Chapter 718, Florida Statutes (condominiums) |
|---|---|
| Water | On South Lakeside Drive near the Intracoastal; we confirm the view for a specific unit. |
Association Fees From Current Listings
| Association fee, median | $781 a month |
|---|---|
| Typical range | $503 to $887 a month |
| Usually covers | Water, Trash, Maintenance Grounds, Sewer, Common Areas, Insurance, Cable TV, Pest Control |
| Club membership | Not required |
From 16 current and recent BeachesMLS listings in Palm Lake No. 1, via IDX Broker, refreshed weekly. Fees are monthly equivalents of the association fees in each listing; condo, master and sub-association fees can stack. The recorded documents, the current budget and the estoppel govern.
What Else to Check
- Condominium association Each owner at Palm Lake No. 1 pays the association; we confirm the current assessment, reserves, inspections and any special assessment from the association’s documents.
- Taxes and insurance After a sale the assessed value resets the following January. Flood zone and roof age drive insurance quotes, so we check both for the address.
- Estoppel The closing agent orders an estoppel certificate from each association, which confirms what is owed at closing.
Documents to Review Before Closing
- Before you sign: leasing, pet and approval rules if they matter to you
- After you sign: the declaration, articles, bylaws, rules, budget and reserves, with the cancellation window Florida law sets once you receive them
- For buildings three stories or taller: milestone inspection and structural integrity reserve study status
- Before closing: the estoppel certificate from the condominium association
Where it sits
Around Palm Lake No. 1
Places nearby.
Zoned Public Schools
At the center of Palm Lake No. 1, the School District of Palm Beach County zones Barton Elementary (elementary), Lantana Middle (middle) and Lake Worth High (high). Boundaries are set by address and can change, so we confirm them for the home you are considering.
Elementary
- Barton Elementary
Middle
- Lantana Middle
High
- Lake Worth High
How it came to be
A Short History of Palm Lake No. 1
- 1913
The Town of Lake Worth was incorporated on June 14, 1913.
- 1973
Both Palm Lake No. 1 buildings were completed, according to the county roll.
- 2019
Voters approved the name Lake Worth Beach, which took effect in March 2019.
Sources: Palm Beach County 2025 tax roll (Florida Department of Revenue), City of Lake Worth Beach, Wikipedia.
The boundary
Palm Lake No. 1 on the Map
Questions
Questions Buyers Ask About Palm Lake No. 1
What do condominiums in Palm Lake No. 1 cost right now?
No condominiums are listed for sale here right now. New listings come up through the year; ask me to watch for one. The market section above shows what condominiums here actually sold for over the past year.
How many units are in Palm Lake No. 1?
The county roll lists 142 condominium units, 71 in each building at 1502 and 1516 South Lakeside Drive.
When was Palm Lake No. 1 built?
In 1973, according to the county roll.
How big are the units?
The typical unit has about 770 square feet of living area; the larger units run to about 1,160.
Where is Palm Lake No. 1?
On South Lakeside Drive in South Palm Park, south of downtown near the Intracoastal.
How many condominiums are in Palm Lake No. 1, and when were they built?
Palm Beach County property records list 142 residential parcels in Palm Lake No. 1, most built 1973, with a typical living area of about 770 square feet.
What are the association fees in Palm Lake No. 1?
The fee table on this page is drawn live from current and recent listings. The seller’s disclosure, the condominium documents and the estoppel certificate confirm the exact amount for a specific home.
Is Palm Lake No. 1 gated?
We have not found an official source on controlled entry at Palm Lake No. 1; we confirm access for a specific unit.
Which public schools serve Palm Lake No. 1?
At the center of Palm Lake No. 1, the School District of Palm Beach County zones Barton Elementary (elementary), Lantana Middle (middle) and Lake Worth High (high). Boundaries are set by address and can change, so we confirm them for the home you are considering.
Keep Exploring
More Lake Worth Beach Neighborhood Guides
Also in Lake Worth Beach
- Andalucia
- Biltmore Terrace
- Caribe Co-op
- Colony Reserve
- Covered Bridge
- El Castelay
- Gulf Stream Condominium
- Journey’s End
- Lake Osborne Estates
- Legend Lake Estates
- Murray Hills
- Palm Beach National
- Pineapple Beach
- Royal Poinciana
- Sherbrooke Estates
- Willoughby Farms
Palm Lake No. 1 · Lake Worth Beach
Let Us Take Care of the Details
Tell us the street or the home in Palm Lake No. 1. We come back with the listings, the association’s fees and rules, and what similar condominiums sold for, then arrange the visits and coordinate every step to closing day.
Monika Phillips, Sales Associate, Douglas Elliman Real Estate
- Association fees, rules and documents gathered for each home
- Leasing and approval rules pulled up front
- Tax bill and flood zone checked for the address
- One team from the first look to closing day
Home counts, years built and sizes come from Palm Beach County property records (2025 tax roll); association records from the Florida Division of Corporations; school zones from the School District of Palm Beach County. Listing and sales data from BeachesMLS via IDX is deemed reliable but not guaranteed; listings may be held by brokerages other than Douglas Elliman. Association fees shown come from current and recent listings and can differ from the association’s budget; recorded documents and the associations’ own figures control. Verify anything that matters to your decision with the source. Monika Phillips, Sales Associate, Douglas Elliman Real Estate. Equal Housing Opportunity.
