Intracoastal Boutique Mid-Century
For Sale
$159,000
Pending
219 Lakeview 102 Ave 102, Lantana, FL 33462
Mid-century modern co-op building on the Intracoastal Waterway.
Property Size688 SF
Lot Size0.67 Acres
Days on Market321
Property Features for 219 Lakeview 102 Ave 102
General Information
Standard status
Pending
Size
688 SF
Lot size
0.67 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,356
Building Details
Building Size
688 SF
Year Built
1962
Stories
1
Listing Agency:
LAMAR PROPERTIES, INC.
Listed By:
Chad Lamar · License #3034936
(561) 305-4180
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 4
Last Checked: Oct 15 at 12:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LAMAR PROPERTIES, INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This boutique, mid-century modern building is located directly on the Intracoastal Waterway. The exterior has been recently painted, and the catwalks and sidewalks have been resurfaced. The property offers a large 1-bedroom, 1-bathroom unit featuring impact-resistant windows, a walk-in shower, and diagonally installed fieldstone tile throughout. The shower includes dual faucet heads. The kitchen is equipped with modern appliances, lighting, and countertops that complement the cabinetry. Contemporary interior doors and crown molding are present in the bedroom. The unit includes one assigned carport parking space with storage. The electrical panel has been upgraded. Laundry facilities are available within the co-op. Potential slips or docking for personal watercraft may be available. Please note that this is a co-op and typically requires a cash purchase, although financing may be available. This unit is available for a new owner under 55 years old. Renting is not permitted.
Key Highlights
- Intracoastal Front Location
- Impact Resistant Windows
- Modern Kitchen Appliances, Lighting, and Countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,581
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,620
$211.6K
Cap Rate 7%
$151,157
$151.2K
Cap Rate 9%
$117,567
$117.6K
Market Conditions
NOI Build-Up for 688 SF
Gross rent
$20.1K $29.28/SF
− Vacancy
−$907 −$1.32/SF
EGI
$19.2K $27.96/SF
− OpEx
−$8.7K −$12.58/SF
NOI
$10.6K $15.38/SF
Area
Palm Beach County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,620
Cap Rate 7%
$151,157
Cap Rate 9%
$117,567
Alternative Uses
Best Use
Apartment 5plus
$151.2K
$132.3K – $176.4K
NOI $10,581 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.5K
$424.0K – $565.3K
NOI $33,917 @ 7.0% cap · market cap 21.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Mid-century modern co-op building on the Intracoastal Waterway.
Where is this apartment building located?
The property is located at 219 Lakeview 102 Ave 102 Lantana, FL.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Intracoastal Front Location; Impact Resistant Windows; Modern Kitchen Appliances, Lighting, and Countertops
