1330 N Lake Way Palm Beach, FL 33480
North End NeighborhoodEstimated Value: $8,189,000 - $62,392,838
7
Beds
7
Baths
7,048
Sq Ft
$5,007/Sq Ft
Est. Value
Highlights
- 140 Feet of Waterfront
- Property has ocean access
- Pool and Spa
- Palm Beach Public School Rated A-
- Dock has access to electricity and water
- Mediterranean Architecture
About This Home
As of March 2022A boater's Dream! Minutes from the inlet.
This property has the largest water frontage currently on the market. It extends along 137.9' on the water offering stunning views of the intra-coastal. The home provides 5 bedrooms plus 3 staff rooms, soaring ceilings, deep water dock, and gracious outdoor entertainment space. A bonus to this property is the convenient deeded beach access at the coveted cabana on Ocean Terrace.
Last Agent to Sell the Property
The Corcoran Group License #SL 3260908 Listed on: 02/03/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $263,259
Year Built
- Built in 1996
Lot Details
- 140 Feet of Waterfront
- Property fronts an intracoastal waterway
- Home has East and West Exposure
- Back Yard Fenced
- Sprinkler System
- Property is zoned RB
Parking
- 3 Car Attached Garage
Home Design
- Mediterranean Architecture
- Barrel Roof Shape
- Concrete Block And Stucco Construction
Interior Spaces
- 7,048 Sq Ft Home
- Elevator
- Fireplace
- Window Treatments
- Sliding Windows
- Casement Windows
- Dining Room
- Library
- Storage
Kitchen
- Double Oven
- Electric Range
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wall to Wall Carpet
- Stone
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
- Bidet
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Pool
- Pool and Spa
- Gas Heated Pool
- Outdoor Pool
Outdoor Features
- Property has ocean access
- Dock has access to electricity and water
- Dock made with concrete
- Balcony
- Patio
- Lanai
Utilities
- Zoned Heating and Cooling
- Cable TV Available
Community Details
- No Home Owners Association
- Tropic Isle Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434303020000010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 3, 2022
Closed on
Mar 11, 2022
Sold by
Sherouq Llc
Bought by
1330 Nlw Llc
Seller's Agent
SHELLY NEWMAN
The Corcoran Group
Buyer's Agent
Chris Leavitt
Douglas Elliman
List Price
$45,362,500
Sold Price
$45,362,500
Total Days on Market
22
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
-$10,071,581
Avg. Annual Appreciation
-7.48%
Original Mortgage
$31,500,000
Outstanding Balance
$30,103,496
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$5,187,423
Purchase Details
Closed on
Aug 5, 2005
Sold by
Bank Of America Trust Co Of Delaware Na
Bought by
Sherouq Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,650,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 18, 2004
Sold by
Wachovia Bank Na
Bought by
Bank Of America Trust Co Of Delaware Na
Purchase Details
Closed on
Oct 25, 1993
Sold by
Kimberly James H
Bought by
1St Natl Palm Bch
Similar Homes in the area
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 |
|---|---|---|---|
| 1330 Nlw Llc | $45,362,500 | None Listed On Document | |
| Sherouq Llc | -- | -- | |
| Bank Of America Trust Co Of Delaware Na | -- | -- | |
| 1St Natl Palm Bch | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1330 Nlw Llc | $31,500,000 | |
| Previous Owner | Sherouq Llc | $6,650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/11/2022 03/11/22 | Sold | $45,362,500 | 0.0% | $6,436 / Sq Ft |
| 02/25/2022 02/25/22 | Pending | -- | -- | -- |
| 02/03/2022 02/03/22 | For Sale | $45,362,500 | -- | $6,436 / 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 | $579,011 | $38,789,820 | -- | -- |
| 2023 | $538,459 | $35,733,786 | $22,978,555 | $12,755,231 |
| 2022 | $311,590 | $17,699,669 | $0 | $0 |
| 2021 | $263,259 | $16,090,608 | $13,052,646 | $3,037,962 |
| 2020 | $254,486 | $15,298,417 | $11,948,235 | $3,350,182 |
| 2019 | $267,464 | $15,750,718 | $12,120,000 | $3,630,718 |
| 2018 | $238,812 | $14,718,781 | $11,698,450 | $3,020,331 |
| 2017 | $234,602 | $15,239,550 | $12,314,158 | $2,925,392 |
| 2016 | $228,834 | $11,889,566 | $0 | $0 |
| 2015 | $195,404 | $10,808,696 | $0 | $0 |
| 2014 | $182,250 | $9,826,087 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
SHELLY NEWMAN
S
Seller's Agent in 2022
SHELLY NEWMAN
The Corcoran Group
(612) 860-4599
2 in this area
19 Total Sales
-
Chris Leavitt
Buyer's Agent in 2022
Chris Leavitt
Douglas Elliman
(616) 414-2810
35 in this area
222 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 22-162
APN: 50-43-43-03-02-000-0010
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