NOT LISTED FOR SALE

1284 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $8,141,000 - $15,731,408

5 Beds
7 Baths
5,283 Sq Ft
$2,259/Sq Ft Est. Value

Last Sold January 21, 2020

Last sale price $10,517,500 $1,991 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $83,903/month

294 Days on Market

Highlights

  • 90 Feet of Waterfront
  • Dock has access to electricity
  • Traditional Architecture
  • Palm Beach Public School Rated A-
  • Gas Heated Pool
  • Wood Flooring

About This Home

As of January 2020

Landmarked Colonial Revival style 2 story on the Intracoastal with panoramic water views. Designed by Gustav Maass in 1936 this elegant home features 5 bedrooms,, 5 full baths and 2 powder rooms with 6,762 total square feet. Beautiful tropical gardens surround the property. 90' water frontage, deep water dock, heated fresh water pool, superb loggia for entertaining. 2 car garage and private gate access to the Lake Trail. DISCLAIMER:
The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed, please do not consider this a solicitation. In the event a Buyer defaults, no commission will be paid to either Broker on the Deposits retained by the Seller. "No Commissions Paid until Title Passes." Copyright 2019 Listing Company. All Rights Reserved.

Last Agent to Sell the Property

Rosalind Clarke

Premier Estate Properties, Inc. - Palm Beach License #401582 Listed on: 03/04/2019

Co-Listed By

JIM McCANN

Premier Estate Properties, Inc. - Palm Beach License #BK-397290

Last Buyer's Agent

GARY POHRER

THE CORCORAN GROUP 2435

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $160,371

Year Built

  • Built in 1936

Lot Details

  • 0.48 Acre Lot
  • 90 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • East Facing Home
  • Back Yard Fenced
  • Sprinkler System
  • Property is zoned R-B - Low Density Residential

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,283 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Loggia
  • Sound System
  • Ceiling Fan
  • Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Library
  • Storage
  • Utility Room

Kitchen

  • Double Oven
  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Dock has access to electricity
  • Dock made with wood
  • Balcony
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Bello Lido Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303060000150

Home Details

Home Type

Single Family

Est. Annual Taxes

$160,371

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.48
  • Lot Size: 90
  • Subdivision Name: Bello Lido
  • Architectural Style: Traditional, Two Story
  • Garage Yn: Yes
  • Year Built: 1936
  • Location Tax Legal:Zoned: R-B - Low Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 160371.0
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 5283.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • 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
  • General Property Description:Lot Dim (1): 90
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 20909
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:East: Yes
  • Floors:StoneBrick: Yes
  • Dock:Electric at Dock: Yes
  • Dock:Wood: Yes
  • General Property Description:Waterfront Ftg: 90.0
  • Waterfront:ICW-Across Bikepath: Yes
  • Garage 2 Car: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Range-Gas, Oven-Double, Microwave, Washer, Dryer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Hardwood, Stone/Brick
  • Interior Amenities: Cable, Ceiling Fan, Fireplace, Sound System, Smoke Detectors, Storage, Wet Bar, Wndw Trmnts Included, Pantry
  • Living Area: 5283.0
  • Window Features: Impact Glass-Full
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: Yes
  • Other Rooms:Dining Area: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Interior Features:Sound System: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Fresh Water, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: ICW-Across Bikepath
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony, Patio/Lanai, Fence-Back Wall, Sprinkler System, Impact Doors, Impact Windows
  • Roof: Cement Tile
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached
  • Garage: Yes

Utilities

  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes
  • Water Source: City Water, Sewer

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 20909.0
  • Parcel #: 50434303060000150
  • Zoning: R-B - Low Density Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 160371.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2019
Closed on
Jan 21, 2020
Sold by
Nlw Palm Beach Llc
Bought by
Ulla Llc
Seller's Agent
Rosalind Clarke
Premier Estate Properties, Inc. - Palm Beach
Buyer's Agent
GARY POHRER
THE CORCORAN GROUP 2435
List Price
$10,517,500
Sold Price
$10,517,500
Current Estimated Value
$11,936,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,418,704
Avg. Annual Appreciation
2.24%

Purchase Details

Closed on
Feb 3, 2012
Sold by
Martine Shaw Catherine J and Martine Van Milders
Bought by
Nlw Palm Beach Llc

Purchase Details

Closed on
Jul 7, 2004
Sold by
Sorrel Lawrence B and Sorrel Elizabeth
Bought by
Shaw Arledge Gisele N

Purchase Details

Closed on
Apr 4, 2000
Sold by
Pr Stanley M Rumbough Jr
Bought by
Sorrel Lawrence B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,325,000
Interest Rate
8.38%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Ulla Llc $10,517,500 Attorney
Nlw Palm Beach Llc -- Attorney
Shaw Arledge Gisele N $6,500,000 --
Sorrel Lawrence B $2,870,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sorrel Lawrence B $2,325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2020 01/21/20 Sold $10,517,500 0.0% $1,991 / Sq Ft
12/23/2019 12/23/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $10,517,500 -- $1,991 / Sq Ft
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 $244,443 $12,890,232 -- --
2023 $225,086 $11,718,393 $0 $0
2022 $205,037 $10,625,425 $0 $0
2021 $156,904 $9,659,477 $8,186,828 $1,472,649
2020 $146,579 $8,801,239 $7,409,560 $1,391,679
2019 $161,005 $9,474,607 $8,080,000 $1,394,607
2018 $166,809 $10,260,836 $8,129,431 $2,131,405
2017 $163,998 $10,646,538 $8,557,296 $2,089,242
2016 $159,985 $8,324,084 $0 $0
2015 $136,713 $7,567,349 $0 $0
2014 $127,883 $6,879,408 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rosalind Clarke

    Seller's Agent in 2020

    Rosalind Clarke

    Premier Estate Properties, Inc. - Palm Beach

    (561) 818-6351

    2 in this area

    32 Total Sales

    Rosalind Clarke
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    JIM McCANN

    Premier Estate Properties, Inc. - Palm Beach

    (561) 307-1525

    26 in this area

    72 Total Sales

    JIM McCANN
    Section Image

  • G

    Buyer's Agent in 2020

    GARY POHRER

    THE CORCORAN GROUP 2435

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 19-638

APN: 50-43-43-03-06-000-0150

Florida Palm Beach County Palm Beach 33480 North End

1284 N Lake Way, Palm Beach, FL

This home is located at 1284 N Lake Way, Palm Beach, FL 33480 since 04 March 2019 and is currently estimated at $11,936,204, approximately $2,259 per square foot. This property was built in 1936. 1284 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.

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