NOT LISTED FOR SALE

1098 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $8,109,000 - $23,126,664

7 Beds
12 Baths
9,717 Sq Ft
$1,607/Sq Ft Est. Value

Last Sold July 01, 2014

Last sale price $11,650,000 $1,199 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $103,302/month

108 Days on Market

Highlights

  • Lake Front
  • Heated Pool
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Garage Apartment
  • Den

About This Home

As of July 2014

British Colonial style Palm Beach home with over 11,000 total square feet located directly on the Intracoastal with deep water dock. Main house consists of 7BR/9.3BA including a separate 2BR/2BA guest wing with living room and kitchen plus staff apartment with private entrance. Peetz sliding doors open off the living room to coquina tiled loggia, patio/pool area, and cabana with bathroom and kitchen.

Last Agent to Sell the Property

Betsy Fry

Sotheby's Intl. Realty, Inc. License #3186857 Listed on: 02/12/2014

Last Buyer's Agent

ELIZABETH SAVAGE

Brown Harris Stevens of PB License #3067550

Brown Harris Stevens of PB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $113,255

Year Built

  • Built in 1984

Lot Details

  • Lake Front
  • East Facing Home
  • Fenced
  • Sprinkler System
  • Property is zoned RB

Parking

  • 4 Car Attached Garage
  • Garage Apartment

Interior Spaces

  • 9,717 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Double Hung Metal Windows
  • Sliding Windows
  • Den

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Parquet
  • Marble

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Additional Features

  • Heated Pool
  • Forced Air Zoned Heating and Cooling System

Community Details

  • Gregory Add & Rep Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5043430310000290

Home Details

Home Type

Single Family

Est. Annual Taxes

$113,255

Year Built

Built in 1984

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Palm Beach Island North on N Lake Way.
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Interior Amenities: Fireplace, Separate Shower
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 9
  • Half Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace: Yes
  • Flooring: Marble, Parquet, Wood
  • Living Area: 9717.0
  • Dining Room Type: Den, Garage Apartment
  • Stories: 2
  • Window Features: Double Hung, Metal, Sliding

Exterior Features

  • Exterior Features: Fence
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: East
  • Other Structures: Garage Apartment

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage

Utilities

  • Other Equipment: Intercom
  • Security: Security System
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 5043430310000290
  • Zoning Description: RB

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 113255.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2014
Closed on
Jun 25, 2014
Sold by
Demarco Franklyn P
Bought by
Saunders David C
Seller's Agent
Betsy Fry
Sotheby's Intl. Realty, Inc.
Buyer's Agent
ELIZABETH SAVAGE
Brown Harris Stevens of PB
List Price
$15,500,000
Sold Price
$11,650,000
Premium/Discount to List
-$3,850,000
-24.84%
Current Estimated Value
$15,617,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,967,832
Avg. Annual Appreciation
3.75%
Original Mortgage
$7,500,000
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Saunders David C $11,650,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saunders David C $8,000,000
Closed Demarco Franklyn $3,400,000
Closed Saunders David C $7,500,000
Previous Owner Demarco Franklyn P $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2014 07/01/14 Sold $11,650,000 -24.8% $1,199 / Sq Ft
06/01/2014 06/01/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $15,500,000 -- $1,595 / Sq Ft
Source: BeachesMLS

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 $249,905 $16,831,841 -- --
2023 $244,929 $16,341,593 $0 $0
2022 $245,412 $15,865,624 $0 $0
2021 $249,462 $15,403,518 $0 $0
2020 $250,080 $15,190,846 $9,204,440 $5,986,406
2019 $263,272 $15,658,690 $9,090,000 $6,568,690
2018 $215,772 $13,355,363 $9,120,825 $4,234,538
2017 $210,990 $13,690,117 $9,600,869 $4,089,248
2016 $203,834 $10,862,798 $0 $0
2015 $177,086 $9,875,271 $0 $0
2014 $115,775 $6,410,103 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Betsy Fry

    Sotheby's Intl. Realty, Inc.

  • E

    Buyer's Agent in 2014

    ELIZABETH SAVAGE

    Brown Harris Stevens of PB

    (561) 317-5152

    3 in this area

    20 Total Sales

    ELIZABETH SAVAGE
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Map

Source: BeachesMLS

MLS Number: R10015891

BeachesMLS

APN: 50-43-43-03-13-000-0290

Florida Palm Beach County Palm Beach 33480 North End

1098 N Lake Way, Palm Beach, FL

This home is located at 1098 N Lake Way, Palm Beach, FL 33480 since 12 February 2014 and is currently estimated at $15,617,832, approximately $1,607 per square foot. This property was built in 1984. 1098 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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