NOT LISTED FOR SALE

1157 N Lake Way Unit . Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $9,083,000 - $10,075,284

3 Beds
4.5 Baths
3,597 Sq Ft
0.42 Acres

Last Sold May 07, 2013

Last sale price $7,300,000 $2,029 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $66,323/month

82 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Heated Pool
  • Fireplace
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Patio

About This Home

As of May 2013

Sensibly sized Lakefront home built by Woolems Construction in 2003. High quality finished and materials. Zeluck windows with hardwood and stone flooring. Three bedrooms ensuite plus a library with full bath. Clean and crisp styling throughout. Deep water dock with 24,000 lb lift. Beautiful Mario Neviera gardens surround this property.

Last Agent to Sell the Property

Lynn Warren

Sotheby's Intl. Realty, Inc. License #497454 Listed on: 01/14/2013

Sotheby's Intl. Realty, Inc.

Co-Listed By

Gary Little

Sotheby's Intl. Realty, Inc. License #497423

Last Buyer's Agent

Todd Peter

Sotheby's Intl. Realty, Inc. License #3049697

Sotheby's Intl. Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $88,770

Year Built

  • Built in 2003

Lot Details

  • Property fronts an intracoastal waterway
  • West Facing Home

Parking

  • 2 Car Garage

Interior Spaces

  • 3,597 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Entrance Foyer
  • Marble Flooring
  • Home Security System

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated Pool
  • Patio

Utilities

  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434302010000130

Community Details

Overview

  • El Encanto Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$88,770

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Call listing agent
  • Year Built: 2003
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Entrance Foyer, Fireplace
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Marble
  • Living Area: 3597.0
  • Dining Room Type: Storage Room
  • Stories: 1

Exterior Features

  • Exterior Features: Patio
  • Pool Features: Heated, None
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: West
  • Patio And Porch Features: Patio

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Security: Security System
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434302010000130
  • Zoning Description: RB

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 88770.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2013
Closed on
May 7, 2013
Sold by
Lerner Daniel M and Lerner Elaine G
Bought by
Gabelli Natthew
Seller's Agent
Lynn Warren
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Todd Peter
Sotheby's Intl. Realty, Inc.
List Price
$7,895,000
Sold Price
$7,300,000
Premium/Discount to List
-$595,000
-7.54%
Total Days on Market
82
Current Estimated Value
$9,579,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,279,142
Avg. Annual Appreciation
2.27%

Purchase Details

Closed on
Apr 20, 2006
Sold by
Lerner Daniel M and Lerner Elaine G
Bought by
Lerner Daniel M and Lerner Elaine G

Purchase Details

Closed on
Jul 13, 2001
Sold by
Eleonore F Roddy I
Bought by
Lerner Daniel M and Lerner Elaine G
Source: Public Records

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Range of Values:

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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
Gabelli Natthew $7,300,000 Attorney
Lerner Daniel M -- Attorney
Lerner Daniel M $3,675,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2013 05/07/13 Sold $7,300,000 -7.5% $2,029 / Sq Ft
04/07/2013 04/07/13 Pending -- -- --
01/14/2013 01/14/13 For Sale $7,895,000 -- $2,195 / 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 $150,615 $10,070,941 -- --
2023 $147,520 $9,777,613 $0 $0
2022 $147,798 $9,492,828 $0 $0
2021 $150,330 $9,216,338 $7,125,222 $2,091,116
2020 $146,182 $8,777,176 $6,470,230 $2,306,946
2019 $162,593 $9,600,951 $7,070,000 $2,530,951
2018 $143,212 $8,734,275 $7,088,467 $1,645,808
2017 $140,737 $9,062,383 $7,461,545 $1,600,838
2016 $137,402 $7,171,362 $0 $0
2015 $116,965 $6,519,420 $0 $0
2014 $111,466 $6,133,104 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Warren

    Seller's Agent in 2013

    Lynn Warren

    Sotheby's Intl. Realty, Inc.

    (561) 659-3555

    8 in this area

    24 Total Sales

    Lynn Warren
    Section Image

  • G

    Seller Co-Listing Agent in 2013

    Gary Little

    Sotheby's Intl. Realty, Inc.

    (561) 309-6379

    7 in this area

    24 Total Sales

    Gary Little
    Section Image

  • T

    Buyer's Agent in 2013

    Todd Peter

    Sotheby's Intl. Realty, Inc.

    (561) 659-3555

    15 in this area

    73 Total Sales

    Todd Peter
    Section Image
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Map

Source: BeachesMLS

MLS Number: R3337384

BeachesMLS

APN: 50-43-43-02-01-000-0130

Florida Palm Beach County Palm Beach 33480 North End

1157 N Lake Way Unit ., Palm Beach, FL

This home is located at 1157 N Lake Way Unit ., Palm Beach, FL 33480 since 14 January 2013 and is currently estimated at $9,579,142, approximately $2,663 per square foot. This property was built in 2003. 1157 N Lake Way Unit . 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.

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