2323 Lake Drive, #201, Singer Island, FL, 33404 | $3,395,000

The Driftwood is a rare and refined sanctuary of just five ultra-luxury residences along the pristine Intracoastal waters of Singer Island.
** To experience the Lifestyle Tour and feel the space beyond photos, view the Video under the Photos tab for an immersive preview. **
This brand-new 3-bedroom, 3. 5-bathroom residence redefines waterfront living with unmatched construction integrity, security, and sophistication. Each bedroom features its own spa-inspired ensuite bath, while the spacious powder room adds convenience for guests. This is true lock-and-leave luxury, starting with your private, air-conditioned 2-car garage with epoxy floors and wired for an EV charger (SEE SUPPLEMENT). . . Elevated seven feet above sea level and built atop 146 deep concrete pilings, The Driftwood is engineered for legacy living. It has 12. 8'' solid concrete floors, whisper mat underlay, and no post-tension construction to ensure near-silent living with no sag or structural settling. All mechanical spaces, elevator shaft, control, and electric rooms are air-conditioned, further protecting your investment. Indulge in seamless indoor-outdoor living with over 600 sq ft of covered terrace space, complete with a fireplace and panoramic glass sliders. Inside, you'll find nearly 10-foot ceilings, a chef's kitchen with Wolf appliances and a Gaggenau refrigerator, a gas cooktop, dual washer/dryer sets, and an optional turnkey furniture package. Outdoors, enjoy a resort-style pool, hot tub, putting green, and outdoor kitchen, perfect for entertaining. The on-site floating dock offers kayak launch and private docks with water & electric also available, all just minutes from the inlet with no fixed bridges. Own your waterfront lifestyle. Tech-savvy and secure, each unit includes Crestron smart automation, video surveillance, and full access control with fobs, apps, and garage remotes. With low HOA fees, strong reserves & a whole-building water purification, The Driftwood is the most future-proof luxury condo on the market today.

Features

  • Parking: Garage Door Opener, Guest, Garage, Attached Garage
  • Heating: Central
  • Cooling: Central Air
  • Levels: 4
  • Amenities: Boating, Beach Access, Elevator(s), Jogging Path, Picnic Area, Pool, Spa/Hot Tub, Manager On Site, Trash Chute, Bike Storage, Internet Included, Putting Green, Street Lights
  • Rooms: 9
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Lot Size: 245 x 72
  • Laundry: Laundry Closet, Inside
  • Complex: PALM BEACH SHORES
  • Development: The Driftwood
  • Year Built: 2024
  • Common Charge: $2,074 Monthly
  • Approx Sq. Feet: 2,698
  • Acreage: 0.41
  • Est. Taxes: $58,251
  • View: Pool, Intracoastal
  • Water Front: Yes
  • Boat Service: Private Dock, Electric Available, Lift, No Wake Zone, Water Available, Exclusive Use
  • Elem. School: Lincoln
  • Middle School: John F. Kennedy (Palm Beach)
  • High School: William T. Dwyer
  • Pet Policy: Yes, Breed Restrictions
  • Appliances: Electric Water Heater, Cooktop, Dryer, Disposal, Dishwasher, Gas Range, Microwave, Oven, Refrigerator, Water Heater, Washer
  • MLS#: R11132697
  • Website: https://www.raveis.com
    /prop/R11132697/2323lakedrive_singerisland_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

2323 Lake Drive, #201, Singer Island, FL, 33404

$3,395,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,716,000 $2,716,000 $2,716,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.350% 6.259% 6.183%
Monthly Tax Payment $4,854 $4,854 $4,854
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $16,284 $16,503 $22,919
Total Monthly Payment $21,263 $21,482 $27,898

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.