NOT LISTED FOR SALE

1285 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $7,376,000 - $8,218,000

4 Beds
3 Baths
2,839 Sq Ft
$2,730/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $2,750,000 $969 Per Sq Ft

Est. 182% increase in value since last sale

Current estimated payment $46,913/month

1 Day on Market

Highlights

  • Waterfront
  • Bermuda Architecture
  • No HOA
  • Palm Beach Public School Rated A-
  • Wood Flooring
  • Partial Impact Glass

About This Home

As of July 2020

This home is located at 1285 N Lake Way, Palm Beach, FL 33480 since 27 July 2020 and is currently estimated at $7,751,697, approximately $2,730 per square foot. This property was built in 1946. 1285 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.

Last Agent to Sell the Property

Wally Turner

Sotheby's International Realty, Inc. License #584810 Listed on: 07/27/2020

Sotheby's International Realty, Inc.

Last Buyer's Agent

Wally Turner

Sotheby's International Realty, Inc. License #584810 Listed on: 07/27/2020

Sotheby's International Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,098

Year Built

  • Built in 1946

Lot Details

  • 0.27 Acre Lot
  • Waterfront
  • Property is zoned RB

Parking

  • 2 Car Garage

Home Design

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

Interior Spaces

  • 2,839 Sq Ft Home
  • 1-Story Property
  • Partial Impact Glass

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Bello Lido Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434303060000340

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,098

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.27
  • Lot Size: 130
  • Subdivision Name: Bello Lido
  • Architectural Style: Bermuda, One Story
  • Garage Yn: Yes
  • Year Built: 1946
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 9098.16
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 2839.0
  • General Property Description:Pool: No
  • General Property Description:Waterfront: No
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • General Property Description:Lot Dim (1): 130
  • Floors:Hardwood: Yes
  • Roof:Cement Tile: Yes
  • Style:Bermuda: Yes
  • General Property Description:Lot SqFt: 11761
  • HOA:None: Yes
  • Style:One Story: Yes
  • Windows:Impact Glass-Partial: Yes
  • Floors:StoneBrick: Yes
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Flooring: Hardwood, Stone/Brick
  • Living Area: 2839.0
  • Window Features: Impact Glass-Partial

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: No Pool
  • Pool Private: No
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Roof: Cement Tile
  • Construction:Cement BlockStucco: Yes

Garage/Parking

  • Parking Features: 2 Car
  • Garage:_two_ Car: Yes

Utilities

  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 11761.0
  • Parcel #: 50434303060000340
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 9098.16
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2020
Closed on
Jul 31, 2020
Sold by
Ricardel Vincent J and Andrea E Ricardel Trust
Bought by
Rentschler Farley
Seller's Agent
Wally Turner
Sotheby's International Realty, Inc.
Buyer's Agent
Wally Turner
Sotheby's International Realty, Inc.
List Price
$2,750,000
Sold Price
$2,750,000
Total Days on Market
1
Current Estimated Value
$7,751,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,001,697
Avg. Annual Appreciation
23.24%
Original Mortgage
$1,925,000
Outstanding Balance
$1,730,491
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$5,814,227

Purchase Details

Closed on
Jan 2, 2020
Sold by
Ricardel Andrea E
Bought by
Ricardel Vicent J and Andrea E Ricardel Trust
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
Rentschler Farley $2,750,000 Title Matters Llc
Ricardel Vicent J -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rentschler Farley $1,925,000
Previous Owner Ricardel Andrea E $938,250
Previous Owner Ricardel Andrea E $270,000
Previous Owner Ricardel Andrea E $150,000
Previous Owner Ricardel Andrea E $100,000
Previous Owner Ricardel Andrea E $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $2,750,000 0.0% $969 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $2,750,000 -- $969 / 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 $40,792 $2,719,179 -- --
2023 $39,912 $2,639,980 $0 $0
2022 $39,968 $2,563,087 $0 $0
2021 $40,667 $2,488,434 $2,313,954 $174,480
2020 $9,158 $539,566 $0 $0
2019 $9,130 $527,435 $0 $0
2018 $8,701 $517,601 $0 $0
2017 $8,678 $506,955 $0 $0
2016 $8,018 $496,528 $0 $0
2015 $8,287 $493,076 $0 $0
2014 $8,325 $489,163 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wally Turner

    Seller's Agent in 2020

    Wally Turner

    Sotheby's International Realty, Inc.

    (561) 301-2060

    1 in this area

    9 Total Sales

    Wally Turner
    Section Image
See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-1282

APN: 50-43-43-03-06-000-0340

Florida Palm Beach County Palm Beach 33480 North End

1285 N Lake Way, Palm Beach, FL

This home is located at 1285 N Lake Way, Palm Beach, FL 33480 since 27 July 2020 and is currently estimated at $7,751,697, approximately $2,730 per square foot. This property was built in 1946. 1285 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.

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