diff --git a/controllers/awscluster_controller.go b/controllers/awscluster_controller.go
index b4dc05f36d..7e3bcafb88 100644
--- a/controllers/awscluster_controller.go
+++ b/controllers/awscluster_controller.go
@@ -19,7 +19,6 @@ package controllers
 import (
 	"context"
 	"fmt"
-	"net"
 	"time"
 
 	"github.com/google/go-cmp/cmp"
@@ -288,13 +287,6 @@ func (r *AWSClusterReconciler) reconcileLoadBalancer(clusterScope *scope.Cluster
 		return &retryAfterDuration, nil
 	}
 
-	clusterScope.Debug("Looking up IP address for DNS", "dns", awsCluster.Status.Network.APIServerELB.DNSName)
-	if _, err := net.LookupIP(awsCluster.Status.Network.APIServerELB.DNSName); err != nil {
-		clusterScope.Error(err, "failed to get IP address for dns name", "dns", awsCluster.Status.Network.APIServerELB.DNSName)
-		conditions.MarkFalse(awsCluster, infrav1.LoadBalancerReadyCondition, infrav1.WaitForDNSNameResolveReason, clusterv1.ConditionSeverityInfo, "")
-		clusterScope.Info("Waiting on API server ELB DNS name to resolve")
-		return &retryAfterDuration, nil
-	}
 	conditions.MarkTrue(awsCluster, infrav1.LoadBalancerReadyCondition)
 
 	awsCluster.Spec.ControlPlaneEndpoint = clusterv1.APIEndpoint{
diff --git a/controllers/awscluster_controller_unit_test.go b/controllers/awscluster_controller_unit_test.go
index e282d2bf79..be59c0a678 100644
--- a/controllers/awscluster_controller_unit_test.go
+++ b/controllers/awscluster_controller_unit_test.go
@@ -395,31 +395,6 @@ func TestAWSClusterReconcileOperations(t *testing.T) {
 				g.Expect(err).To(BeNil())
 				expectAWSClusterConditions(g, cs.AWSCluster, []conditionAssertion{{infrav1.LoadBalancerReadyCondition, corev1.ConditionFalse, clusterv1.ConditionSeverityInfo, infrav1.WaitForDNSNameReason}})
 			})
-			t.Run("Should fail AWSCluster create with LoadBalancer reconcile failure with WaitForDNSNameResolve condition as false", func(t *testing.T) {
-				g := NewWithT(t)
-				awsCluster := getAWSCluster("test", "test")
-				runningCluster := func() {
-					networkSvc.EXPECT().ReconcileNetwork().Return(nil)
-					sgSvc.EXPECT().ReconcileSecurityGroups().Return(nil)
-					ec2Svc.EXPECT().ReconcileBastion().Return(nil)
-					elbSvc.EXPECT().ReconcileLoadbalancers().Return(nil)
-				}
-				csClient := setup(t, &awsCluster)
-				defer teardown()
-				runningCluster()
-				cs, err := scope.NewClusterScope(
-					scope.ClusterScopeParams{
-						Client:     csClient,
-						Cluster:    &clusterv1.Cluster{},
-						AWSCluster: &awsCluster,
-					},
-				)
-				awsCluster.Status.Network.APIServerELB.DNSName = "test-apiserver.us-east-1.aws"
-				g.Expect(err).To(BeNil())
-				_, err = reconciler.reconcileNormal(cs)
-				g.Expect(err).To(BeNil())
-				expectAWSClusterConditions(g, cs.AWSCluster, []conditionAssertion{{infrav1.LoadBalancerReadyCondition, corev1.ConditionFalse, clusterv1.ConditionSeverityInfo, infrav1.WaitForDNSNameResolveReason}})
-			})
 		})
 	})
 	t.Run("Reconcile delete AWSCluster", func(t *testing.T) {
diff --git a/controllers/helpers_test.go b/controllers/helpers_test.go
index 09d4402af8..72be2f58b1 100644
--- a/controllers/helpers_test.go
+++ b/controllers/helpers_test.go
@@ -291,6 +291,9 @@ func mockedCreateLBV2Calls(t *testing.T, m *mocks.MockELBV2APIMockRecorder) {
 		LoadBalancerArn: lbArn,
 		SecurityGroups:  aws.StringSlice([]string{"sg-apiserver-lb"}),
 	})).MaxTimes(1)
+	m.WaitUntilLoadBalancerAvailableWithContext(gomock.Any(), gomock.Eq(&elbv2.DescribeLoadBalancersInput{
+		LoadBalancerArns: []*string{lbArn},
+	})).MaxTimes(1)
 }
 
 func mockedDescribeTargetGroupsCall(t *testing.T, m *mocks.MockELBV2APIMockRecorder) {
diff --git a/pkg/cloud/services/elb/loadbalancer.go b/pkg/cloud/services/elb/loadbalancer.go
index 39a9f927be..a739e3706c 100644
--- a/pkg/cloud/services/elb/loadbalancer.go
+++ b/pkg/cloud/services/elb/loadbalancer.go
@@ -121,6 +121,17 @@ func (s *Service) reconcileV2LB(lbSpec *infrav1.AWSLoadBalancerSpec) error {
 		return err
 	}
 
+	wReq := &elbv2.DescribeLoadBalancersInput{
+		LoadBalancerArns: aws.StringSlice([]string{lb.ARN}),
+	}
+	s.scope.Debug("Waiting for LB to become active", "api-server-lb-name", lb.Name)
+	waitStart := time.Now()
+	if err := s.ELBV2Client.WaitUntilLoadBalancerAvailableWithContext(context.TODO(), wReq); err != nil {
+		s.scope.Error(err, "failed to wait for LB to become available", "time", time.Since(waitStart))
+		return err
+	}
+	s.scope.Debug("LB reports active state", "api-server-lb-name", lb.Name, "time", time.Since(waitStart))
+
 	// set up the type for later processing
 	lb.LoadBalancerType = lbSpec.LoadBalancerType
 	if lb.IsManaged(s.scope.Name()) {
diff --git a/pkg/cloud/services/elb/loadbalancer_test.go b/pkg/cloud/services/elb/loadbalancer_test.go
index f2b4b1dbbe..212192bf13 100644
--- a/pkg/cloud/services/elb/loadbalancer_test.go
+++ b/pkg/cloud/services/elb/loadbalancer_test.go
@@ -2275,6 +2275,9 @@ func TestReconcileV2LB(t *testing.T) {
 					},
 					nil,
 				)
+				m.WaitUntilLoadBalancerAvailableWithContext(gomock.Any(), gomock.Eq(&elbv2.DescribeLoadBalancersInput{
+					LoadBalancerArns: aws.StringSlice([]string{elbArn}),
+				})).Return(nil)
 			},
 			check: func(t *testing.T, lb *infrav1.LoadBalancer, err error) {
 				t.Helper()
@@ -2476,6 +2479,10 @@ func TestReconcileV2LB(t *testing.T) {
 					LoadBalancerArn: aws.String(elbArn),
 					Subnets:         []*string{},
 				}).Return(&elbv2.SetSubnetsOutput{}, nil)
+
+				m.WaitUntilLoadBalancerAvailableWithContext(gomock.Any(), gomock.Eq(&elbv2.DescribeLoadBalancersInput{
+					LoadBalancerArns: aws.StringSlice([]string{elbArn}),
+				})).Return(nil)
 			},
 			check: func(t *testing.T, lb *infrav1.LoadBalancer, err error) {
 				t.Helper()
@@ -2658,6 +2665,12 @@ func TestReconcileLoadbalancers(t *testing.T) {
 					},
 					nil,
 				)
+				m.WaitUntilLoadBalancerAvailableWithContext(gomock.Any(), gomock.Eq(&elbv2.DescribeLoadBalancersInput{
+					LoadBalancerArns: aws.StringSlice([]string{elbArn}),
+				})).Return(nil)
+				m.WaitUntilLoadBalancerAvailableWithContext(gomock.Any(), gomock.Eq(&elbv2.DescribeLoadBalancersInput{
+					LoadBalancerArns: aws.StringSlice([]string{secondElbArn}),
+				})).Return(nil)
 			},
 			check: func(t *testing.T, firstLB *infrav1.LoadBalancer, secondLB *infrav1.LoadBalancer, err error) {
 				t.Helper()