NOT LISTED FOR SALE

1123 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $7,323,301 - $8,667,000

4 Beds
4 Baths
3,145 Sq Ft
$2,531/Sq Ft Est. Value

Highlights

  • Property has ocean access
  • Cabana
  • Regency Architecture
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Lanai

About This Home

As of July 2016

Leased 12/01/16-04/01/17. Elegant Regency with high ceilings and chic furnishings. Two bedrooms in the main house and cabana/guest-suite overlooking the pool. Annual lease or min. 6 month seasonal lease @ $30k per month.

Last Agent to Rent the Property

ROSALIND CLARKE

The Corcoran Group Listed on: 06/19/2015

Last Renter's Agent

Christian Angle

Christian Angle Real Estate License #703536

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $56,083

Year Built

  • Built in 1985

Lot Details

  • West Facing Home
  • Back Yard Fenced
  • Sprinkler System

Home Design

  • Regency Architecture

Interior Spaces

  • 3,145 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Ceiling Fan
  • Fireplace
  • Window Treatments
  • Dining Room
  • Library
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Open Parking

Pool

  • Cabana
  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Forced Air Zoned Heating and Cooling System
  • No Utilities
  • Cable TV Available

Community Details

  • El Encanto Subdivision

Listing and Financial Details

  • Security Deposit $20,000
  • 12 Month Lease Term
  • Assessor Parcel Number 50434303110000361

Home Details

Home Type

Single Family

Est. Annual Taxes

$56,083

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential Lease
  • Subdivision Name: El Encanto
  • Architectural Style: Regency, One Story
  • Building Name: N/A
  • Year Built: 1985
  • Location Tax Legal:Name of Building: N/A
  • General Property Description:Living Area: 3145.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • General Property Description:_pound_ Floors: 1.0
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Contract Information:Deposit Amount: 20000.0
  • Laundry:Laundry in Unit2: Yes
  • Pets:Pets Allowed: Pets w/Restrictions
  • Utilities Included:None Included: Yes
  • Lease Type:Annual: Yes
  • Style:One Story: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Exposure of Unit:West2: Yes
  • Services Included:Garbage: Yes
  • Services Included:Trash Removal: Yes
  • Style:Regency: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Range-Gas, Oven-Single, Microwave, Washer, Dryer, Central Vac System
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble
  • Interior Amenities: Cable, Ceiling Fan, Fireplace, Wndw Trmnts Included, Smoke Alarms
  • Living Area: 3145.0
  • Stories: 1
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Smoke Alarms2: Yes
  • Appliances:Range-Gas: Yes
  • Appliances:Central Vac System: Yes

Exterior Features

  • Pool Features: Pool, Heated - Gas
  • Pool Private: Yes
  • Exterior Features: Patio/Lanai, Cabana, Fence-Back Wall, Ocean Access-No Deed, Sprinkler System
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Cabana: Yes
  • Exterior Features:Ocean Access-No Deed: Yes

Garage/Parking

  • Parking:Garage2: Yes
  • Parking:_two_ Car2: Yes
  • Parking:Open Parking: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Security System
  • Heating: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Rent Includes: None
  • Amenities: Garbage, Trash Removal

Lot Info

  • Parcel #: 50434303110000361

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2014
Sold by
1123 North Lake Way Llc
Bought by
Rich Thomas L
Current Estimated Value
$7,959,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,645,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 29, 2012
Sold by
Rich Thomas L
Bought by
1123 North Lake Way Llc

Purchase Details

Closed on
Feb 1, 2010
Sold by
Moore Victor and Tatooles John J
Bought by
Rich Thomas L

Purchase Details

Closed on
Jun 29, 2007
Sold by
Borman Michael J and Borman Gina M
Bought by
Moore Victor and Tatooles John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 2, 2003
Sold by
Bradfield Geoffrey
Bought by
Borman Michael J and Borman Gina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
2.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 1999
Sold by
University Of Miami
Bought by
Bradfield Geoffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.91%
Mortgage Type
New Conventional
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
Rich Thomas L $2,000,000 Attorney
1123 North Lake Way Llc -- Attorney
Rich Thomas L $2,244,000 Attorney
Moore Victor $2,900,000 None Available
Borman Michael J $1,800,000 --
Bradfield Geoffrey $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rich Thomas L $5,850,000
Closed Rich Thomas L $500,000
Closed Rich Thomas L $1,150,000
Closed Rich Thomas L $500,000
Closed Rich Thomas L $1,645,000
Previous Owner 1123 North Lake Way Llc $2,000,000
Previous Owner Moore Victor $530,000
Previous Owner Moore Victor $1,500,000
Previous Owner Moore Victor $530,000
Previous Owner Borman Michael J $1,350,000
Previous Owner Bradfield Geoffrey $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2016 07/11/16 Rented $144,000 0.0% --
06/11/2016 06/11/16 Under Contract -- -- --
06/19/2015 06/19/15 For Rent $144,000 -- --
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 $56,083 $3,730,664 -- --
2023 $54,882 $3,622,004 $0 $0
2022 $54,968 $3,516,509 $0 $0
2021 $55,937 $3,414,086 $0 $0
2020 $56,049 $3,366,949 $0 $0
2019 $55,941 $3,291,250 $2,314,350 $976,900
2018 $53,557 $3,214,316 $2,314,350 $899,966
2017 $50,041 $2,935,202 $2,383,228 $551,974
2016 $50,245 $2,894,656 $0 $0
2015 $47,313 $2,631,505 $0 $0
2014 $38,500 $1,987,197 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Landlord's Agent in 2016

    ROSALIND CLARKE

    The Corcoran Group

  • Christian Angle

    Tenant's Agent in 2016

    Christian Angle

    Christian Angle Real Estate

    (561) 629-3015

    77 in this area

    201 Total Sales

    Christian Angle
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 15-1330

APN: 50-43-43-03-11-000-0361

Florida Palm Beach County Palm Beach 33480 North End

1123 N Lake Way, Palm Beach, FL

This home is located at 1123 N Lake Way, Palm Beach, FL 33480 since 19 June 2015 and is currently priced at $7,959,325. This property was built in 1985. 1123 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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