NOT LISTED FOR SALE

1404 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $8,517,000 - $39,835,072

6 Beds
7 Baths
8,981 Sq Ft
$2,692/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $30,721,000 $3,421 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $167,013/month

8 Days on Market

Highlights

  • 111 Feet of Waterfront
  • Dock has access to electricity and water
  • Pool and Spa
  • Palm Beach Public School Rated A-
  • Home Theater
  • New Construction

About This Home

As of September 2021

North Lake Way's newest home situated on over half an acre with deep water dockage. The property features pristine landscaping from Nievera Williams, giving you ultimate privacy at all times. Inside the home enjoy the expansive gourmet chef's kitchen, media room, wine cellar, and more. Enjoy the fabulous sunsets from your master suite terrace, sitting high above the lake. The 9,000 +/- SF home is comprised of 5 bedrooms with an additional guest home above the 3-car garage and modern transitional elements throughout. The brand new state-of-the art T-shaped dock will allow for a 120'+ yacht. Expected completion Spring of 2021.

Last Agent to Sell the Property

CHRISTOPHER DEITZ

William Raveis South Florida License #631706 Listed on: 04/28/2021

Co-Listed By

B. DUERR

William Raveis South Florida License #3117391

Last Buyer's Agent

Paulette Koch

The Corcoran Group License #3068398

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $127,095

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 111 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • East Facing Home
  • Property is zoned R-D(1) - Moderate Density Residential, R-D(1) - Moderate

Home Design

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

Interior Spaces

  • 8,981 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Sound System
  • Ceiling Fan
  • Fireplace
  • Dining Room
  • Home Theater
  • Library
  • Storage
  • Utility Room
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Marble
  • Terrazzo

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 3 Car Attached Garage
  • Garage Apartment
  • Garage Door Opener

Pool

  • Pool and Spa
  • Gas Heated Pool
  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Dock has access to electricity and water
  • Dock made with concrete
  • Balcony
  • Patio
  • Lanai
  • Attached Grill

Utilities

  • Zoned Heating and Cooling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Eden Villa Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434234100000051

Home Details

Home Type

Single Family

Est. Annual Taxes

$127,095

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 211.177'
  • Subdivision Name: Eden Villa
  • Directions: East on Okeechobee Blvd. Take left on Flagler Drive. Make a right on Flagler Memorial Bridge. Left on Bradley Place Rd., and a left onto Country Club Rd. Follow to 1404 N Lake Way
  • Architectural Style: Contemporary, Two Story
  • Garage Yn: Yes
  • Year Built: 2021
  • Location Tax Legal:Zoned: R-D(1) - Moderate Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 127095.0
  • Location Tax Legal:Tax Year2: 2020
  • General Property Description:Living Area: 8981.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 211.177'
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:County Water: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • HOA:None: Yes
  • Windows:Impact Glass: Yes
  • Exposure:East: Yes
  • ACHeat:Multi Zone Air: Yes
  • Auto Garage Door Opener: Yes
  • Floors:Terrazzo: Yes
  • Dock:Electric at Dock: Yes
  • General Property Description:Waterfront Ftg: 111.0
  • Waterfront:Intracoastal-Direct: Yes
  • Pool:Salt Water: Yes
  • Dock:Concrete: Yes
  • Dock:Water at Dock: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Range-Gas, Oven-Double, Microwave, Washer, Dryer
  • Total Bedrooms: 6
  • Flooring: Hardwood, Marble, Terrazzo, Other Flooring
  • Interior Amenities: Cable, Ceiling Fan, Elevator, Fireplace, Intercom, Sound System, Smoke Detectors, Storage, Wet Bar, Wndw Trmnts Included, Pantry
  • Living Area: 8981.0
  • Window Features: Impact Glass
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: 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
  • Other Rooms:Media Room: Yes
  • Interior Features:Intercom: Yes
  • Other Rooms:Exercise Room: Yes

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Pool Features: Pool, Salt Water, Heated - Gas, Spa
  • Pool Private: Yes
  • Waterfront Features: Intracoastal-Direct
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco, New Construction
  • Exterior Features: Balcony, Patio/Lanai, Built-in Grill
  • Roof: Cement Tile
  • Exterior Features:Balcony: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Pool/Spa: Yes
  • Exterior Features:Built-in Grill: Yes
  • Construction:New Construction: Yes

Garage/Parking

  • Parking Features: 3 Car, Attached, Door Opener
  • Garage: Yes
  • Garage:_three_ Car: Yes
  • Other Rooms:Garage Apartment: Yes

Utilities

  • Security: Security System
  • Heating: Central Air, Multi Zone Air
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Parcel #: 50434234100000051
  • Zoning: R-D(1) - Moderate

Tax Info

  • Tax Annual Amount: 127095.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
Sep 10, 2021
Sold by
1404Northlake Llc
Bought by
Capello Jason
Seller's Agent
CHRISTOPHER DEITZ
William Raveis South Florida
Buyer's Agent
Paulette Koch
The Corcoran Group
List Price
$30,721,000
Sold Price
$30,721,000
Current Estimated Value
$24,176,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,544,964
Avg. Annual Appreciation
-6.44%

Purchase Details

Listed on
Apr 9, 2018
Closed on
Oct 12, 2018
Sold by
1404 Lake Way Llc
Bought by
1404Northlake Llc
Seller's Agent
SUZANNE FRISBIE
The Corcoran Group
Buyer's Agent
CHRISTOPHER DEITZ
MCCANN COYNER CLARKE
List Price
$8,900,000
Sold Price
$8,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.75%
Original Mortgage
$11,000,000
Interest Rate
4.6%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 2, 2018
Sold by
Lorello Robert J and Lorello Anita
Bought by
1404 Lake Way Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Capello Jason $30,721,000 Attorney
1404Northlake Llc $8,900,000 Attorney
1404 Lake Way Llc $8,250,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1404Northlake Llc $19,500,000
Previous Owner 14O4northlake Llc $14,500,000
Previous Owner 1404Northlake Llc $11,000,000
Previous Owner Lorello Anita $500,000
Previous Owner Lorello Robert J $2,260,000
Previous Owner Lorello Robert J $1,000,000
Previous Owner Lorello Robert J $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $30,721,000 0.0% $3,421 / Sq Ft
09/10/2021 09/10/21 Sold $30,721,000 0.0% $3,421 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
05/06/2021 05/06/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $30,721,000 -5.5% $3,421 / Sq Ft
11/23/2020 11/23/20 For Sale $32,500,000 +265.2% $3,619 / Sq Ft
10/26/2018 10/26/18 Sold $8,900,000 0.0% $2,278 / Sq Ft
07/31/2018 07/31/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $8,900,000 -- $2,278 / 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 $401,908 $26,953,040 -- --
2023 $393,811 $26,168,104 $0 $0
2022 $394,602 $25,406,058 $0 $0
2021 $146,739 $9,731,833 $9,712,422 $19,411
2020 $127,095 $7,615,429 $7,594,515 $20,914
2019 $124,349 $7,294,095 $7,272,000 $22,095
2018 $54,541 $3,283,965 $0 $0
2017 $54,550 $3,216,420 $0 $0
2016 $53,672 $3,150,264 $0 $0
2015 $55,507 $3,128,365 $0 $0
2014 $55,774 $3,103,537 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    CHRISTOPHER DEITZ

    William Raveis South Florida

  • Chris Deitz

    Seller's Agent in 2021

    Chris Deitz

    Compass Florida LLC (PB)

    (561) 655-6570

    3 in this area

    21 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2021

    B. DUERR

    William Raveis South Florida

  • P

    Buyer's Agent in 2021

    Paulette Koch

    The Corcoran Group

    (561) 227-4416

    53 in this area

    144 Total Sales

    Section Image
  • Dana Koch

    Buyer's Agent in 2021

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    70 in this area

    228 Total Sales

    Section Image

  • S

    Seller's Agent in 2018

    SUZANNE FRISBIE

    The Corcoran Group

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-2052

APN: 50-43-42-34-10-000-0051

Florida Palm Beach County Palm Beach 33480 North End

1404 N Lake Way, Palm Beach, FL

This home is located at 1404 N Lake Way, Palm Beach, FL 33480 since 28 April 2021 and is currently estimated at $24,176,036, approximately $2,691 per square foot. This property was built in 2021. 1404 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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