1284 N Lake Way Palm Beach, FL 33480
North End NeighborhoodEstimated Value: $8,977,000 - $15,421,584
5
Beds
7
Baths
5,283
Sq Ft
$2,309/Sq Ft
Est. Value
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 2020Landmarked 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
Premier Estate Properties, Inc. - Palm Beach License #401582 Listed on: 03/04/2019
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
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
Total Days on Market
294
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,681,792
Avg. Annual Appreciation
2.81%
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
Similar Homes in Palm Beach, FL
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
Home Values in the Area
Average Home Value in this Area
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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
3 in this area
39 Total Sales
-
JIM McCANN
J
Seller Co-Listing Agent in 2020
JIM McCANN
Premier Estate Properties, Inc. - Palm Beach
(561) 307-1525
31 in this area
79 Total Sales
-
G
Buyer's Agent in 2020
GARY POHRER
THE CORCORAN GROUP 2435
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 19-638
APN: 50-43-43-03-06-000-0150
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