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$195,000
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Property Description
WATERFRONT Active 55+ community - Enjoy a Carefree Florida Lifestyle for only $195,000 FIRST FLOOR UNIT WITH WASHER AND DRYER FOR YOUR ADDED CONVENIENCE Paid Recreational Lease- Updated condo 2/2 in Boynton Beach. Escape the cold and dreary weather of the north--Come and embrace the warm, inviting, and carefree Florida lifestyle. Awaiting you is one of the much sought after, true 2 beds 2 baths condos LOCATED ON THE FIRST FLOOR currently available for sale in the very active 55+ community of Palm Beach Leisureville in Boynton Beach. The spacious and functional layout boasts a great floor plan that flows beautifully from room to room, with generous natural light and wide lake views from the sunroom, living room, bedroom, and kitchen. The living and dining areas flow easily together and ideal for morning coffee or evening relaxation. It comes fully furnished. updates are already in place, making it move-in ready while still allowing room for personalization. Featured are tiled floors throughout, a remodeled kitchen showcasing a designer marble backsplash. New HVAC and Electric panel installed in 2025 add even more value and peace of mind for future owners. The roof is newer in 2018. BBQs are allowed on the paved back patio facing east, perfect for enjoying the gentle breeze and an amazing view of the expansive lake. The Leisureville community offers residents access to three clubhouses and three pools, as well as a calendar packed with exciting events and activities. Golf enthusiasts' residents can enjoy playing a full 18-hole golf course FREE OF CHARGE. If golfing is not your cup of "tee" (pun intended), the community provides an array of activities to entertain the entire family, in Palm Beach Leisureville , together with the three clubhouses with pools, you'll find the fitness centers, libraries, dancing events, and much more for you, and your family to enjoy. Whether you prefer relaxation or keeping busy, this community provides an environment that suits every lifestyle. Centrally located near fine dining, shopping, entertainment, highway access, only minutes away from the smooth sanded beach, and the worldly famous Palm Beach. DO NOT DELAY SCHEDULE A SHOWING TODAY.
Full Property Details
Full Property Details for 1118 Lake Terrace #116
General
- Price: $195,000
- HOA FEE: $516/month
- Taxes: $3,186 (2025)
- Status: Under Contract
- Type: Condo
- Source: Regional
- MLS ID: R11163271
- Updated: 3/26/2026
- Added to Site: 45 day(s) ago
Interior
- Number of Rooms: 4
- Interior Features: Living/Dining Room, Main Level Primary, Split Bedrooms
- Appliances: Dryer, Dishwasher, Electric Range, Ice Maker, Refrigerator, Washer
- Furnished: Yes
- Furnishings: Furnished
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Other Rooms
- Laundry: Inside, Laundry Closet
Additional Information
- Shared Amenities: Bocce Court, Billiard Room, Clubhouse, Fitness Center, Golf Course, Laundry, Library, Pool, Parking, Putting Green(s), Recreation Facilities, Shuffleboard Court, Sidewalks, Trail(s), Workshop Area
- Pool: Yes
- Pool Description: Association
- Security/Safety: Smoke Detector(s)
Parking
- Parking Features: Assigned, Guest
Location
- County: Palm Beach
- Subdivision: LEISUREVILLE LAKE CONDO
- Driving Directions: From Congress Ave in Boynton Beach go East on Ocean Ave then North on Lake Terrace. Building H is the first on the right
- Direction Faces: West
School Information
- Elementary School: Galaxy E3
- Middle School: Congress
- High School: Boynton Beach
Community
- Community Name: 4430
- Association: Yes
- Assoc. Fees Include: Common Areas, HVAC, Insurance, Maintenance Grounds, Recreation Facilities
- Adult Community: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Electric
- Heating Type: Central, Individual
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Architectural Style: Colonial
- Construction: Block
- Roof: Concrete, Tile
- Stories/Levels: 2
- Building Size: 962
- Square Feet: 962
- Living Area: 962 Sq. Ft.
- Year Built: 1973
- Property Condition: Resale
Lot Features
- Property View: Lake
- Street Lights: Yes
- Zoning: R3—R3 MULTI FAM
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Lake Front
- Water Front View: Lake Front
- Lake Front: Yes
Financial Considerations
- Association Fee: $516
- Assoc Fee Freq.: Monthly
- Tax Amount: $3,186.51
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: LEISUREVILLE LAKE UNIT H APT 116
- Property ID: 8434529100081160
Listed by United Realty Group Inc
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Schools
Schools serving 1118 Lake Terrace #116
School District:Palm Beach County School District
| Name | Grades | Distance |
|---|---|---|
Galaxy Elementary School 301 Galaxy Way, Boynton Beach, FL 33435 | K-5 | 1 mi |
Boynton Beach Community High School 4975 Park Ridge Boulevard, Boynton Beach, FL 33426 | 9-12 | 1.4 mi |
Congress Community Middle School 101 South Congress Avenue, Boynton Beach, FL 33426 | 6-8 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1118 Lake Terrace #116
Date
Details
Price
Change
Source
2/24/2026
Listed
$195,000
5.41%
MLS
5/04/2022
Sold
$185,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1118 Lake Terrace #116
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,286
—
$143,893
-3%
2024
$3,286
62%
$148,846
—
2023
$2,025
7%
$148,846
89%
2021
$1,894
-17%
$78,856
-38%
2022
$2,274
20%
$126,901
84%
2021
$1,894
8%
$68,860
1%
2019
$1,748
5%
$68,500
3%
2018
$1,668
15%
$66,500
20%
2017
$1,451
2%
$55,500
4%
2016
$1,416
6%
$53,350
10%
2015
$1,330
6%
$48,500
9%
2014
$1,252
5%
$44,500
5%
2013
$1,195
—
$42,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1118 Lake Terrace #116
1118 Lake Terrace #116, Boynton Beach, FL 33426 (MLS# R11163271) is a Condo property with 2 bedrooms and 2 full bathrooms. 1118 Lake Terrace #116 is currently listed for $195,000 and was received on February 24, 2026. Want to learn more about 1118 Lake Terrace #116? Do you have questions about finding other Condo real estate for sale in Boynton Beach? You can browse all Boynton Beach real estate or contact a Coldwell Banker agent to request more information.

