Lake Towers Homes for Sale

Lake Towers Condo is a luxury waterfront, luxury community in Palm Beach, Palm Beach County, Florida. Properties are priced from $2,600,000 to $2,600,000. Pure Equity lists homes in Lake Towers 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 Lake Towers and the Palm 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 4 Lake Towers Palm Beach homes for sale as of October 2026. The median asking price is $2.54M. Asking prices run from $2.0M to $2.6M.

That is 11% below the Palm Beach median of $2.85M. On a per-foot basis, homes here ask about $2,129 per square foot, compared with $1,642 across Palm Beach. So the median price buys roughly 1,200 square feet of living area.

Listings here have averaged 182 days on the market. That tracks the Palm Beach average of 171 days, so pricing and terms follow the wider city market.

Homes listed in Lake Towers date from 1963, so they are about 63 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.

Lake Towers 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.

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

At a median near $2.54M, Lake Towers sits in the luxury tier of Palm Beach. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Lake Towers have a median asking rent of $15,000 per month, across 4 active rental listings. For comparison, the Palm Beach median is $11,000, so rents here run 36% higher.

For investors, those medians imply a gross yield near 7.1% 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 Palm Beach rentals or ask us for a rent estimate on a specific Lake Towers home.

Here is what the median Lake Towers price means in Florida closing terms. At $2.54M, a 20% down payment comes to about $509,000, leaving a loan near $2.04M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $7,126. Next, the intangible tax of 0.2% adds about $4,072. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Lake Towers median, that is about $17,815.

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 Lake Towers listings show assignments to Palm Beach Public (elementary), Conniston Community (middle) and Palm Beach Lakes (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.