South Lake Homes for Sale

South Lake Condo is a gated, waterfront community in Boynton Beach, Palm Beach County, Florida. Active listings are priced from $205,000 to $255,000. Homes were built between 1985 and 1989. Pure Equity lists homes in South Lake and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers South Lake and the Boynton Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 10 South Lake Boynton Beach homes for sale as of October 2026. The median asking price is $218,000. Asking prices run from $199,000 to $294,000.

That is 36% below the Boynton Beach median of $340,000. On a per-foot basis, homes here ask about $219 per square foot, compared with $238 across Boynton Beach. So the median price buys roughly 1,000 square feet of living area.

Listings here have averaged 128 days on the market. That is slower than the Boynton Beach average of 102 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in South Lake date from 1985 to 1989. That puts them between 37 and 41 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

South Lake is a gated community. Therefore, expect to register visitors and contractors with the gate before each visit.

South Lake includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

South Lake is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in South Lake have a median asking rent of $2,500 per month, across 3 active rental listings. For comparison, the Boynton Beach median is $2,700, so rents here run 7% lower.

For investors, those medians imply a gross yield near 13.8% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Boynton Beach rentals or ask us for a rent estimate on a specific South Lake home.

Here is what the median South Lake price means in Florida closing terms. At $218,000, a 20% down payment comes to about $44,000, leaving a loan near $174,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $610. Next, the intangible tax of 0.2% adds about $349. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the South Lake median, that is about $1,526.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent South Lake listings show assignments to Freedom Shores (elementary), Congress (middle) and Boynton Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.