NOT LISTED FOR SALE

1040 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $8,549,000 - $41,121,420

5 Beds
6 Baths
6,687 Sq Ft
$3,714/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $32,000,000 $4,785 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $163,289/month

50 Days on Market

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 2022

A 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

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 12/20/2021

Last Buyer's Agent

ASHLEY O'NEIL

Brown Harris Stevens of Palm Beach 5225 License #SL-3401738

Brown Harris Stevens of Palm Beach 5225

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$171,838

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 184
  • Subdivision Name: Coral Estates
  • Architectural Style: Regency
  • Garage Yn: Yes
  • Year Built: 1954
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 171838.0
  • Location Tax Legal:Tax Year2: 2021
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 184
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Roof:Tar Gravel: Yes
  • WaterSewer:Sewer: Yes
  • General Property Description:Lot SqFt: 101
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Windows:Impact Glass: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Auto Garage Door Opener: Yes
  • Floors:StoneBrick: Yes
  • Exposure:West: Yes
  • Waterfront:Intracoastal-Direct: Yes
  • Waterfront:Lakefront: Yes
  • Style:Regency: Yes
  • Dock:Concrete: Yes
  • Waterfront:ICW-Across Bikepath: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Range-Electric, Washer, Dryer, Central Vac System
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Hardwood, Marble, Stone/Brick, W/W Carpeting
  • Interior Amenities: Cable, Ceiling Fan, Fireplace, Sound System
  • Window Features: Impact Glass
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Central Vac System: Yes
  • Interior Features:Sound System: Yes

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal-Direct, ICW-Across Bikepath, Lakefront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Fence-Back Wall, Ocean Access-Deeded, Seawall/Bulkhead, Storm Shutters
  • Roof: Tar/Gravel
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:SeawallBulkhead2: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached, Air Conditioned, Door Opener
  • Garage: Yes
  • Garage:_two_ Car: Yes
  • Garage:Air Conditioned: Yes

Utilities

  • Heating: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 101.0
  • Parcel #: 50434303180000151
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 171838.0
  • Tax Year: 2021

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
Current Estimated Value
$24,835,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,164,790
Avg. Annual Appreciation
-6.28%

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
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

Source: Public Records

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

  • L

    Seller's Agent in 2022

    Lawrence A Moens

    Lawrence A. Moens Associates, Inc.

    (561) 655-5510

    44 in this area

    119 Total Sales

    Lawrence A Moens
    Section Image

  • A

    Buyer's Agent in 2022

    ASHLEY O'NEIL

    Brown Harris Stevens of Palm Beach 5225

    (203) 219-1421

    3 in this area

    26 Total Sales

    ASHLEY O'NEIL
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 21-1790

APN: 50-43-43-03-18-000-0151

Florida Palm Beach County Palm Beach 33480 North End

1040 N Lake Way, Palm Beach, FL

This home is located at 1040 N Lake Way, Palm Beach, FL 33480 since 20 December 2021 and is currently estimated at $24,835,210, approximately $3,713 per square foot. This property was built in 1954. 1040 N Lake Way is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

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