1120 N Lake Way Palm Beach, FL 33480
North End Neighborhood
4
Beds
4
Baths
4,692
Sq Ft
0.53
Acres
Highlights
- 92 Feet of Waterfront
- Dock has access to electricity
- Garage Apartment
- Palm Beach Public School Rated A-
- Pool and Spa
- Regency Architecture
About This Home
As of May 2020Spectacular water views from all major rooms. A stunning lakefront Regency style home with deep water dock. Property elevation provides privacy from Lake Trail. 4BR/4.1 BA home with wonderful floor plan for entertaining and family enjoyment.This lakefront estate is a fine example of authentic Palm Beach style.
Last Agent to Sell the Property
BETSEY HALL
HALL REAL ESTATE Listed on: 07/23/2012
Last Buyer's Agent
Steve Hall
THE FITE GROUP
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $71,358
Year Built
- Built in 1976
Lot Details
- 92 Feet of Waterfront
- Lake Front
- Home fronts a seawall
- Property fronts an intracoastal waterway
- East Facing Home
- Back Yard Fenced
- Sprinkler System
- Property is zoned RB
Home Design
- Regency Architecture
- Tar and Gravel Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 4,692 Sq Ft Home
- 1-Story Property
- Wet Bar
- Sound System
- Fireplace
- Double Hung Windows
- Dining Room
- Library
- Storage
Kitchen
- Double Oven
- Electric Range
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Hurricane or Storm Shutters
- Fire and Smoke Detector
Parking
- 2 Car Attached Garage
- Garage Apartment
Pool
- Pool and Spa
- Gas Heated Pool
- Outdoor Pool
Outdoor Features
- Bulkhead
- Dock has access to electricity
- Dock made with wood
- Patio
- Lanai
Utilities
- Forced Air Zoned Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
- El Encanto Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434303110000381
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2018
Closed on
May 13, 2020
Sold by
North Lake Way Llc
Bought by
Schaeffer Edith F and The Edith E Schaeffer Revocable Trust
Seller's Agent
Maureen Woodward
Brown Harris Stevens of Palm Beach 5225
Buyer's Agent
Linda Gary
Linda A. Gary Real Estate
List Price
$12,697,175
Sold Price
$12,697,175
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
$6,929,563
Avg. Annual Appreciation
8.58%
Purchase Details
Listed on
Nov 4, 2014
Closed on
Feb 13, 2015
Sold by
Sunhine Properties Palm Beach Llc
Bought by
1120 North Lake Way Llc
Seller's Agent
BETSEY HALL
HALL REAL ESTATE
Buyer's Agent
MAUREEN WOODWARD
BARCLAYS INTERNATIONAL REALTY
List Price
$13,400,000
Sold Price
$13,400,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.02%
Purchase Details
Closed on
Oct 2, 2014
Sold by
Apple Steven L
Bought by
Sunshine Properties Palm Beach Llc
Purchase Details
Listed on
Jul 23, 2012
Closed on
Apr 18, 2013
Sold by
Waffenschmidt Friedrich Wilhelm and Waffenschmidt Anna
Bought by
Apple Steven L
Seller's Agent
BETSEY HALL
HALL REAL ESTATE
Buyer's Agent
Steve Hall
THE FITE GROUP
List Price
$7,800,000
Sold Price
$7,800,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%
Similar Homes in Palm Beach, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $12,697,175 | Attorney | |
| Warranty Deed | $12,730,000 | Attorney | |
| Warranty Deed | -- | Attorney | |
| Warranty Deed | $7,800,000 | Sage Title & Escrow |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2020 05/13/20 | Sold | $12,697,175 | 0.0% | $3,141 / Sq Ft |
| 03/03/2020 03/03/20 | Pending | -- | -- | -- |
| 05/04/2018 05/04/18 | For Sale | $12,697,175 | -5.2% | $3,141 / Sq Ft |
| 02/13/2015 02/13/15 | Sold | $13,400,000 | 0.0% | $2,856 / Sq Ft |
| 01/29/2015 01/29/15 | Pending | -- | -- | -- |
| 11/04/2014 11/04/14 | For Sale | $13,400,000 | +71.8% | $2,856 / Sq Ft |
| 04/29/2013 04/29/13 | Sold | $7,800,000 | 0.0% | $1,662 / Sq Ft |
| 03/15/2013 03/15/13 | Pending | -- | -- | -- |
| 07/23/2012 07/23/12 | For Sale | $7,800,000 | -- | $1,662 / 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 | $251,587 | $12,559,553 | -- | -- |
| 2023 | $220,606 | $11,417,775 | $0 | $0 |
| 2022 | $201,767 | $10,379,795 | $0 | $0 |
| 2021 | $185,312 | $11,410,351 | $9,408,542 | $2,001,809 |
| 2020 | $172,686 | $10,459,188 | $8,277,890 | $2,181,298 |
| 2019 | $191,758 | $11,486,632 | $9,090,000 | $2,396,632 |
| 2018 | $167,444 | $10,263,804 | $8,564,499 | $1,699,305 |
| 2017 | $177,575 | $10,650,490 | $9,015,263 | $1,635,227 |
| 2016 | $185,494 | $10,774,571 | $0 | $0 |
| 2015 | $104,403 | $5,818,202 | $0 | $0 |
| 2014 | $100,666 | $5,537,928 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Maureen Woodward
M
Seller's Agent in 2020
Maureen Woodward
Brown Harris Stevens of Palm Beach 5225
(561) 371-0100
3 in this area
18 Total Sales
-
Linda Gary
Buyer's Agent in 2020
Linda Gary
Linda A. Gary Real Estate
(561) 655-6881
5 Total Sales
-
B
Seller's Agent in 2015
BETSEY HALL
HALL REAL ESTATE
-
S
Buyer's Agent in 2013
Steve Hall
THE FITE GROUP
-
Stephen Hall
Buyer's Agent in 2013
Stephen Hall
Compass Florida, LLC
(561) 346-6068
18 in this area
67 Total Sales
-
S
Buyer's Agent in 2013
Steve Hall, Jr.
Brown Harris Stevens of Palm Beach 0039
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 12-1656
APN: 50-43-43-03-11-000-0381
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