diff --git a/controllers/awscluster_controller.go b/controllers/awscluster_controller.go
index b40de547be..21cc012c1a 100644
--- a/controllers/awscluster_controller.go
+++ b/controllers/awscluster_controller.go
@@ -171,6 +171,7 @@ func (r *AWSClusterReconciler) Reconcile(ctx context.Context, req ctrl.Request)
 			patch.WithOwnedConditions{Conditions: []clusterv1.ConditionType{
 				infrav1.PrincipalCredentialRetrievedCondition,
 				infrav1.PrincipalUsageAllowedCondition,
+				infrav1.LoadBalancerReadyCondition,
 			}})
 		if e != nil {
 			fmt.Println(e.Error())
diff --git a/pkg/cloud/services/elb/loadbalancer.go b/pkg/cloud/services/elb/loadbalancer.go
index 81b61f4188..68c9f628cf 100644
--- a/pkg/cloud/services/elb/loadbalancer.go
+++ b/pkg/cloud/services/elb/loadbalancer.go
@@ -484,6 +484,8 @@ func (s *Service) deleteAPIServerELB() error {
 
 	apiELB, err := s.describeClassicELB(elbName)
 	if IsNotFound(err) {
+		s.scope.Debug("Control plane load balancer not found, skipping deletion")
+		conditions.MarkFalse(s.scope.InfraCluster(), infrav1.LoadBalancerReadyCondition, clusterv1.DeletedReason, clusterv1.ConditionSeverityInfo, "")
 		return nil
 	}
 	if err != nil {
@@ -492,6 +494,7 @@ func (s *Service) deleteAPIServerELB() error {
 
 	if apiELB.IsUnmanaged(s.scope.Name()) {
 		s.scope.Debug("Found unmanaged classic load balancer for apiserver, skipping deletion", "api-server-elb-name", apiELB.Name)
+		conditions.MarkFalse(s.scope.InfraCluster(), infrav1.LoadBalancerReadyCondition, clusterv1.DeletedReason, clusterv1.ConditionSeverityInfo, "")
 		return nil
 	}
 
diff --git a/pkg/cloud/services/elb/loadbalancer_test.go b/pkg/cloud/services/elb/loadbalancer_test.go
index b0d71a89cf..d5c6f0d1f5 100644
--- a/pkg/cloud/services/elb/loadbalancer_test.go
+++ b/pkg/cloud/services/elb/loadbalancer_test.go
@@ -40,6 +40,7 @@ import (
 	"sigs.k8s.io/cluster-api-provider-aws/v2/pkg/cloud/scope"
 	"sigs.k8s.io/cluster-api-provider-aws/v2/test/mocks"
 	clusterv1 "sigs.k8s.io/cluster-api/api/v1beta1"
+	"sigs.k8s.io/cluster-api/util/conditions"
 )
 
 func TestELBName(t *testing.T) {
@@ -1587,8 +1588,9 @@ func TestDeleteAPIServerELB(t *testing.T) {
 	clusterName := "bar" //nolint:goconst // does not need to be a package-level const
 	elbName := "bar-apiserver"
 	tests := []struct {
-		name        string
-		elbAPIMocks func(m *mocks.MockELBAPIMockRecorder)
+		name             string
+		elbAPIMocks      func(m *mocks.MockELBAPIMockRecorder)
+		verifyAWSCluster func(*infrav1.AWSCluster)
 	}{
 		{
 			name: "if control plane ELB is not found, do nothing",
@@ -1597,6 +1599,16 @@ func TestDeleteAPIServerELB(t *testing.T) {
 					LoadBalancerNames: aws.StringSlice([]string{elbName}),
 				})).Return(nil, awserr.New(elb.ErrCodeAccessPointNotFoundException, "", nil))
 			},
+			verifyAWSCluster: func(awsCluster *infrav1.AWSCluster) {
+				loadBalancerConditionReady := conditions.IsTrue(awsCluster, infrav1.LoadBalancerReadyCondition)
+				if loadBalancerConditionReady {
+					t.Fatalf("Expected LoadBalancerReady condition to be False, but was True")
+				}
+				loadBalancerConditionReason := conditions.GetReason(awsCluster, infrav1.LoadBalancerReadyCondition)
+				if loadBalancerConditionReason != clusterv1.DeletedReason {
+					t.Fatalf("Expected LoadBalancerReady condition reason to be Deleted, but was %s", loadBalancerConditionReason)
+				}
+			},
 		},
 		{
 			name: "if control plane ELB is found, and it is not managed, do nothing",
@@ -1636,6 +1648,16 @@ func TestDeleteAPIServerELB(t *testing.T) {
 					nil,
 				)
 			},
+			verifyAWSCluster: func(awsCluster *infrav1.AWSCluster) {
+				loadBalancerConditionReady := conditions.IsTrue(awsCluster, infrav1.LoadBalancerReadyCondition)
+				if loadBalancerConditionReady {
+					t.Fatalf("Expected LoadBalancerReady condition to be False, but was True")
+				}
+				loadBalancerConditionReason := conditions.GetReason(awsCluster, infrav1.LoadBalancerReadyCondition)
+				if loadBalancerConditionReason != clusterv1.DeletedReason {
+					t.Fatalf("Expected LoadBalancerReady condition reason to be Deleted, but was %s", loadBalancerConditionReason)
+				}
+			},
 		},
 		{
 			name: "if control plane ELB is found, and it is managed, delete the ELB",
@@ -1688,6 +1710,16 @@ func TestDeleteAPIServerELB(t *testing.T) {
 					nil,
 				)
 			},
+			verifyAWSCluster: func(awsCluster *infrav1.AWSCluster) {
+				loadBalancerConditionReady := conditions.IsTrue(awsCluster, infrav1.LoadBalancerReadyCondition)
+				if loadBalancerConditionReady {
+					t.Fatalf("Expected LoadBalancerReady condition to be False, but was True")
+				}
+				loadBalancerConditionReason := conditions.GetReason(awsCluster, infrav1.LoadBalancerReadyCondition)
+				if loadBalancerConditionReason != clusterv1.DeletedReason {
+					t.Fatalf("Expected LoadBalancerReady condition reason to be Deleted, but was %s", loadBalancerConditionReason)
+				}
+			},
 		},
 	}
 
@@ -1742,6 +1774,8 @@ func TestDeleteAPIServerELB(t *testing.T) {
 			if err != nil {
 				t.Fatal(err)
 			}
+
+			tc.verifyAWSCluster(awsCluster)
 		})
 	}
 }