NOT LISTED FOR SALE

1260 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $9,194,500

5 Beds
5.5 Baths
6,587 Sq Ft
$1,396/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $17,750,000 $2,695 Per Sq Ft

Est. 48% decrease in value since last sale

Current estimated payment $58,134/month

125 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Property has ocean access
  • Private Pool
  • Palm Beach Public School Rated A-
  • Intracoastal View
  • Marble Flooring

About This Home

As of April 2021

Lakefront gated residence with deep water dock and beach access complete this estate designed for fun family living. The high ceilings, gracious sized rooms and open floor plan with large family room, gourmet kitchen, custom wine cellar, outdoor loggia and pool terrace allow for an ease of island lifestyle and entertainment. Dining Room and Foyer chandeliers are excluded.

Last Agent to Sell the Property

Pamela Gottfried

Douglas Elliman License #0373953 Listed on: 11/10/2020

Douglas Elliman

Co-Listed By

Joan Wenzel

Douglas Elliman License #597469

Last Buyer's Agent

Bill Yahn

The Corcoran Group License #3205469

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $82,741

Year Built

  • Built in 1989

Lot Details

  • 100 Feet of Waterfront
  • Lake Front
  • Property fronts an intracoastal waterway
  • Fenced
  • Sprinkler System
  • Property is zoned RB

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Concrete Roof

Interior Spaces

  • 6,587 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar
  • High Ceiling
  • Ceiling Fan
  • Sliding Windows
  • Casement Windows
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Intracoastal Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Intercom
  • Fire and Smoke Detector

Outdoor Features

  • Private Pool
  • Property has ocean access
  • No Fixed Bridges
  • Seawall
  • Patio

Utilities

  • Forced Air Zoned Heating and Cooling System

Community Details

  • Bello Lido Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303060000112

Home Details

Home Type

Single Family

Est. Annual Taxes

$82,741

Year Built

Built in 1989

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North on N Lake Way to 1260, just south of Kenlyn Rd
  • Year Built: 1989
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, High Ceilings, Pantry, Split Bedrooms, Bar, Walk-In Closet(s)
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Marble, Wood
  • Living Area: 6587.0
  • Dining Room Type: Family Room, Laundry, Storage Room
  • Stories: 2
  • Window Features: Casement Window(s), Sliding

Exterior Features

  • Exterior Features: Fence, Patio
  • View: Intercoastal
  • Road Frontage Type: Waterfront
  • Lot Features: Sprinklers Automatic
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access, Lake Front, No Fixed Bridges, Ocean Access, Seawall
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Other Equipment: Intercom
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434303060000112
  • Zoning Description: RB

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 82741.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2020
Closed on
Apr 15, 2021
Sold by
Cuillo Gudrun Dobai and Robert S Cuillo Living Trust
Bought by
1260 Lake Llc
Seller's Agent
Pamela Gottfried
Douglas Elliman
Buyer's Agent
Bill Yahn
The Corcoran Group
List Price
$17,900,000
Sold Price
$17,750,000
Premium/Discount to List
-$150,000
-0.84%
Current Estimated Value
$9,194,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,555,500
Original Mortgage
$23,000,000
Outstanding Balance
$20,782,837
Interest Rate
3.05%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 9, 2009
Sold by
Cuillo Robert S and Cuillo Gudrun Dobai
Bought by
Cuillo Robert S

Purchase Details

Closed on
Oct 23, 2000
Sold by
David M Shaw Tr and Joseph M Fleming Tr
Bought by
Cuillo Robert S

Purchase Details

Closed on
Jun 15, 1999
Sold by
Harch Joseph
Bought by
Shaw David M and Fleming Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.94%
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
1260 Lake Llc $17,750,000 Attorney
Cuillo Robert S -- Attorney
Cuillo Robert S -- --
Shaw David M $3,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1260 Lake Llc $23,000,000
Previous Owner Shaw David M $3,000,000
Previous Owner Shaw David M $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $17,750,000 -0.8% $2,695 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
11/10/2020 11/10/20 For Sale $17,900,000 -- $2,717 / 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 $308,922 $19,756,608 -- --
2023 $274,939 $17,931,638 $0 $0
2022 $253,727 $16,301,489 $0 $0
2021 $82,202 $5,017,392 $0 $0
2020 $82,376 $4,948,118 $0 $0
2019 $82,223 $4,836,870 $0 $0
2018 $78,130 $4,746,683 $0 $0
2017 $78,169 $4,649,053 $0 $0
2016 $77,806 $4,553,431 $0 $0
2015 $76,650 $4,308,576 $0 $0
2014 $77,020 $4,274,381 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Pamela Gottfried

    Douglas Elliman

    (561) 371-5700

    1 in this area

    66 Total Sales

    Pamela Gottfried
    Section Image
  • Joan Wenzel

    Seller Co-Listing Agent in 2021

    Joan Wenzel

    Douglas Elliman

    (561) 371-5743

    1 in this area

    72 Total Sales

    Joan Wenzel
    Section Image

  • B

    Buyer's Agent in 2021

    Bill Yahn

    The Corcoran Group

    (561) 655-9081

    6 in this area

    13 Total Sales

    Bill Yahn
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10670055

BeachesMLS

APN: 50-43-43-03-06-000-0112

Florida Palm Beach County Palm Beach 33480 North End

1260 N Lake Way, Palm Beach, FL

This home is located at 1260 N Lake Way, Palm Beach, FL 33480 since 10 November 2020 and is currently priced at $9,194,500, approximately $1,395 per square foot. This property was built in 1989. 1260 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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