1221 N Lake Way Palm Beach, FL 33480
North End Neighborhood
6
Beds
6.5
Baths
4,848
Sq Ft
0.34
Acres
Highlights
- 65 Feet of Waterfront
- Property has ocean access
- Private Pool
- Palm Beach Public School Rated A-
- Intracoastal View
- Wood Flooring
About This Home
As of May 2025PALM BEACH LAKEFRONT. Expertly renovated by Todd Michael Glaser. ''Nautical Mansion'' originally designed by Belford Shoumate, a beloved architect of Modernism on Palm Beach. Newly re-imagined & expanded: 6,040 SqFt with 6 BR, 6.5 BA, pool, deep water dock & deeded beach access. A truly rare lakefront offering at $14.9MM. 65' of Intracoastal frontage affording lovely views & amazing sunsets. 7.0 NAVD (8.5 NGVD). 14,600+SqFt Lot
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $103,104
Year Built
- Built in 1940
Lot Details
- 0.34 Acre Lot
- 65 Feet of Waterfront
- Home fronts navigable water
- Property fronts an intracoastal waterway
- Property is zoned R-B(ci
Parking
- 2 Car Attached Garage
Property Views
- Intracoastal
- Pool
Home Design
- Tar and Gravel Roof
Interior Spaces
- 4,848 Sq Ft Home
- 2-Story Property
- Elevator
- Fireplace
- Entrance Foyer
- Family Room
- Home Security System
- Dishwasher
Flooring
- Wood
- Terrazzo
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
Laundry
- Dryer
- Washer
Outdoor Features
- Private Pool
- Property has ocean access
- No Fixed Bridges
- Seawall
- Patio
Utilities
- Central Heating and Cooling System
- Water Not Available
Community Details
- Mockingbird Trail Tract Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434303090000011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 9, 2020
Closed on
Apr 13, 2021
Sold by
Glaser Todd and Glaser Kim Aimee
Bought by
1221 Nlw Llc
Seller's Agent
Suzanne Frisbie
The Corcoran Group
Buyer's Agent
Whitney McGurk
Brown Harris Stevens of PB
List Price
$13,900,000
Sold Price
$14,300,000
Premium/Discount to List
$400,000
2.88%
Total Days on Market
130
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.62%
Original Mortgage
$9,295,000
Interest Rate
2.62%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 16, 2016
Closed on
Aug 7, 2017
Sold by
Doane Rebecca G and Estate Of Marion Boulton Strou
Bought by
Glasser Todd
Seller's Agent
BURTON MINKOFF
The Corcoran Group
Buyer's Agent
Whitney McGurk
Brown Harris Stevens of Palm Beach 5225
List Price
$5,900,000
Sold Price
$5,900,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.03%
Original Mortgage
$3,835,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jul 24, 2001
Sold by
George K Kooluris I
Bought by
Swingle Marion B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,200,000
Interest Rate
7.16%
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Palm Beach, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $14,300,000 | Attorney | |
| Personal Reps Deed | $5,900,000 | Attorney | |
| Warranty Deed | $6,500,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $6,600,000 | New Conventional | |
| Closed | $9,295,000 | New Conventional | |
| Previous Owner | $5,400,000 | New Conventional | |
| Previous Owner | $3,835,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $5,200,000 | No Value Available | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2025 05/22/25 | Sold | $19,200,000 | -18.3% | $3,960 / Sq Ft |
| 04/18/2025 04/18/25 | Pending | -- | -- | -- |
| 01/30/2025 01/30/25 | Price Changed | $23,500,000 | -5.8% | $4,847 / Sq Ft |
| 06/17/2024 06/17/24 | For Sale | $24,950,000 | +74.5% | $5,146 / Sq Ft |
| 04/19/2021 04/19/21 | Sold | $14,300,000 | +2.9% | $2,950 / Sq Ft |
| 03/20/2021 03/20/21 | Pending | -- | -- | -- |
| 11/09/2020 11/09/20 | For Sale | $13,900,000 | +135.6% | $2,867 / Sq Ft |
| 08/08/2017 08/08/17 | Sold | $5,900,000 | 0.0% | $1,909 / Sq Ft |
| 06/06/2017 06/06/17 | Pending | -- | -- | -- |
| 02/16/2016 02/16/16 | For Sale | $5,900,000 | -- | $1,909 / Sq Ft |
Source: BeachesMLS
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 | $180,952 | $12,088,430 | -- | -- |
| 2023 | $216,985 | $14,147,526 | $0 | $0 |
| 2022 | $200,380 | $12,861,387 | $0 | $0 |
| 2021 | $88,187 | $5,790,257 | $5,625,360 | $164,897 |
| 2020 | $76,851 | $4,588,777 | $4,573,110 | $15,667 |
| 2019 | $103,511 | $6,075,987 | $6,060,000 | $15,987 |
| 2018 | $94,195 | $5,707,846 | $5,700,516 | $7,330 |
| 2017 | $92,529 | $6,007,989 | $6,000,543 | $7,446 |
| 2016 | $92,250 | $4,662,404 | $0 | $0 |
| 2015 | $76,104 | $4,238,549 | $0 | $0 |
| 2014 | $71,528 | $3,857,808 | $0 | $0 |
Source: Public Records
Source: BeachesMLS
MLS Number: R10669777
APN: 50-43-43-03-09-000-0011
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.
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.
Nearby Homes