1040 N Lake Way Palm Beach, FL 33480
North End NeighborhoodEstimated Value: $9,403,000 - $41,793,304
5
Beds
6
Baths
6,687
Sq Ft
$3,828/Sq Ft
Est. Value
Highlights
- Lake Front
- Property has ocean access
- Outdoor Pool
- Palm Beach Public School Rated A-
- Dock made with concrete
- Marble Flooring
About This Home
As of April 2022A stunning five bedroom deep water lakefront residence. Large open spaces with great ceiling heights and smashing views of the Intracoastal. New kitchen, baths and several custom improvements.
Last Agent to Sell the Property
Lawrence A. Moens Associates, Inc. License #202740 Listed on: 12/20/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $171,838
Year Built
- Built in 1954
Lot Details
- 101 Sq Ft Lot
- Lake Front
- Home fronts a seawall
- Property fronts an intracoastal waterway
- West Facing Home
- Back Yard Fenced
- Property is zoned RB
Home Design
- Regency Architecture
- Tar and Gravel Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 6,687 Sq Ft Home
- Central Vacuum
- Sound System
- Ceiling Fan
- Fireplace
- Dining Area
- Utility Room
Kitchen
- Eat-In Kitchen
- Electric Range
- Freezer
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Stone
- Marble
Bedrooms and Bathrooms
- 5 Bedrooms
- 6 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Hurricane or Storm Shutters
- Impact Glass
Parking
- 2 Car Attached Garage
- Garage Door Opener
Outdoor Features
- Outdoor Pool
- Property has ocean access
- Bulkhead
- Dock made with concrete
- Patio
- Lanai
Utilities
- Forced Air Zoned Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
- Coral Estates Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434303180000151
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 20, 2021
Closed on
Apr 15, 2022
Sold by
1040 North Lake Holdings Llc
Bought by
1040 N Lakeway Llc
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
ASHLEY O'NEIL
Brown Harris Stevens of Palm Beach 5225
List Price
$32,000,000
Sold Price
$32,000,000
Total Days on Market
50
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,401,848
Avg. Annual Appreciation
-8.47%
Purchase Details
Listed on
Jan 13, 2021
Closed on
Apr 5, 2021
Sold by
Garden Edward and Garden Brooke
Bought by
1040 North Lake Holdings Llc
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
List Price
$24,000,000
Sold Price
$24,000,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.22%
Purchase Details
Closed on
Jan 14, 2011
Sold by
Nederlander James and Nederlander Charlene
Bought by
Garden Edward and Garden Brooke
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,400,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 4, 2007
Sold by
Meyer Sydelle
Bought by
Nederlander James and Nederlander Charlene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000,000
Interest Rate
6.65%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jan 28, 1994
Sold by
Meyer Sydelle
Bought by
Meyer Sydelle
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1040 N Lakeway Llc | -- | None Listed On Document | |
| 1040 North Lake Holdings Llc | $24,000,000 | Attorney | |
| Garden Edward | $6,900,000 | Attorney | |
| Nederlander James | $9,800,000 | Attorney | |
| Meyer Sydelle | $1,000,000 | -- | |
| Meyer Sydelle | $1,000,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Garden Edward | $5,000,000 | |
| Previous Owner | Garden Edward | $3,400,000 | |
| Previous Owner | Nederlander James | $6,500,000 | |
| Previous Owner | Nederlander James | $7,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2022 04/15/22 | Sold | $32,000,000 | 0.0% | $4,785 / Sq Ft |
| 02/08/2022 02/08/22 | Pending | -- | -- | -- |
| 12/20/2021 12/20/21 | For Sale | $32,000,000 | +33.3% | $4,785 / Sq Ft |
| 04/05/2021 04/05/21 | Sold | $24,000,000 | 0.0% | $4,746 / Sq Ft |
| 02/05/2021 02/05/21 | Pending | -- | -- | -- |
| 01/13/2021 01/13/21 | For Sale | $24,000,000 | -- | $4,746 / Sq Ft |
Source: Palm Beach Board of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $385,627 | $25,835,595 | -- | -- |
| 2023 | $420,878 | $27,946,913 | $18,043,435 | $9,903,478 |
| 2022 | $406,788 | $26,167,617 | $0 | $0 |
| 2021 | $171,838 | $10,677,576 | $8,377,054 | $2,300,522 |
| 2020 | $156,961 | $9,430,689 | $6,893,035 | $2,537,654 |
| 2019 | $181,420 | $10,828,804 | $8,080,000 | $2,748,804 |
| 2018 | $159,914 | $9,937,979 | $7,931,152 | $2,006,827 |
| 2017 | $157,134 | $10,284,353 | $8,348,581 | $1,935,772 |
| 2016 | $153,291 | $7,918,404 | $0 | $0 |
| 2015 | $130,667 | $7,198,549 | $0 | $0 |
| 2014 | $121,788 | $6,544,135 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lawrence A Moens
L
Seller's Agent in 2022
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
(561) 655-5510
46 in this area
124 Total Sales
-
ASHLEY O'NEIL
A
Buyer's Agent in 2022
ASHLEY O'NEIL
Brown Harris Stevens of Palm Beach 5225
(203) 219-1421
3 in this area
25 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 21-1790
APN: 50-43-43-03-18-000-0151
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