721 Lori Drive

Palm Springs, FL 33461

$54,900

$78/ft²

1Beds

1Baths

705Sq ft

1973Year built

CondoType

About this home

*Pardon our Dust, New Roofs in progress* This peaceful over 55 3rd floor penthouse is nestled in an Enclave with water and fountain views. Quiet and serene this 1-1 is perfect for working from home, yet close to everything you need just minutes away., I-95, PBI Airport, JFK Hospital, Publix, Beautiful Beaches, Dog walking trail and Fitness trail at Frost Lake Park adjacent to the community. Living in Palm Springs Village offers so much, Police,Fire station, Library, city office complex, parks,splash pad water park. The firework display can be seen from your screened-in balcony with roll up storm shutters, and a large storage closet. This remodeled unit features include: Impact hurricane windows with accordion and roll-up storm shutters. New water heater and shut off valve, new electric and plumbing, Luxury waterproof vinyl flooring, Trane 2 ton air and heat, Quartz farmhouse sink, Corian countertops, Magnetic shower head, Lighted bathroom mirror, new roof paid by seller. Your maintenance free lifestyle includes all Utilities, Water, Fiber optic cable and WIFI, Lawn maintenance, Pools Maintenance, Elevators, Common Laundry, Trash chute, Sidewalks, Street lights, Reserves, on site management, Fitness center, Picnic area with grills and so much more to list. Your only extra bill is FP&L electric. No leasing first 2 years of ownership and interview is required. This unit is truly a sanctuary that you will appreciate and love.

Features

Waterfront
Private pool
55+ community

Property details

Listing

MLS #: R11167576
Status: For sale
Listed on: Feb 28, 2026
Days on market: 163 days
Listing data updated: Jun 12, 2026

Interior

Beds: 1
Baths: 1
Living area: 705 ft²
Price per ft²: $78/ft²
Unit: 309

Building & community

Type: Condo
Year built: 1973
HOA fee: $660/mo
County: Palm Beach

Lot & exterior

Waterfront: Yes
Private pool: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $278
Property taxes (est.): $50
Home insurance (est.): $233
Flood insurance (est.): —
HOA fee: $660

Estimated total$1,221*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?