$8,900,000
SOLD OCT 26, 2018

1404 N Lake Way Palm Beach, FL 33480

North End Neighborhood
0.54 Acre
$16,481,481 Price per Acre
23,522 Sq Ft Lot

Recently Sold

$2,278 Per Sq Ft

113 Days on Market

Highlights

  • Lake Front
  • Palm Beach Public School Rated A-
  • Dock has access to electricity and water

About This Lot

As of September 2021

1404 N Lake Way, Palm Beach: Fabulous north end lakefront location/lot. Deep water dock. Great opportunity to build new waterfront home. Lot (approximately) 23,530+ SF. Located in Flood Zone X, thus a very low chance of flooding, per Army Corps Oct/2017. Elevation Certificate in process.

Last Agent to Sell the Property

SUZANNE FRISBIE

The Corcoran Group Listed on: 04/09/2018

Last Buyer's Agent

CHRISTOPHER DEITZ

MCCANN COYNER CLARKE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $54,551

Year Built

  • 1950

Lot Details

  • 0.54 Acre Lot
  • Lake Front
  • Property fronts an intracoastal waterway
  • West Facing Home
  • Property is zoned RA

Additional Features

  • Water Views
  • Gas Available

Listing and Financial Details

  • Assessor Parcel Number 50434234100000051

Community Details

Overview

  • Eden Villa Subdivision

Recreation

  • Bulkhead
  • Dock has access to electricity and water
  • Dock made with wood

Property Details

Property Type

Land

Est. Annual Taxes

$54,551

Year Built

1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family/Residential Estate
  • Prop. Type: Land
  • Lot Size Acres: 0.54
  • Subdivision Name: Eden Villa
  • Directions: North end Palm Beach
  • Location Tax Legal:Zoned: RA
  • Location Tax Legal:Taxes2: 54551.0
  • Location Tax Legal:Tax Year2: 2017
  • General Property Description:Waterfront: Yes
  • General Property Description:Lot Dim (1): 110 W (H2O)
  • General Property Description:Lot SqFt: 23530
  • Exposure:West: Yes
  • Dock:Electric at Dock: Yes
  • Dock:Wood: Yes
  • Land Improvements:Water Available: Yes
  • Waterfront:Lakefront: Yes
  • WaterSewer:City Water at Site: Yes
  • WaterSewer:Sewer at Site: Yes
  • Dock:Water at Dock: Yes
  • Land Improvements:Gas Available: Yes
  • Land Improvements:Sewer Available: Yes
  • Miscellaneous:Waterview: Yes
  • Waterfront:ICW-Across Bikepath: Yes
  • Miscellaneous:SeawallBulkhead: Yes
  • Special Features: None
  • Year Built: 1950

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Waterfront Features: ICW-Across Bikepath, Lakefront
  • Waterfront: Yes

Utilities

  • Utilities: Sewer Available, Water Available, Natural Gas Available
  • Water Source: City Water at Site, Sewer at Site

Lot Info

  • Lot Size Sq Ft: 23530.0
  • Parcel #: 50434234100000051
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 54551.0
  • Tax Year: 2017

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
Total Days on Market
113
Current Estimated Value
$23,985,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,735,772
Avg. Annual Appreciation
-6.42%

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 Type Sale Price Title Company
Warranty Deed $30,721,000 Attorney
Warranty Deed $8,900,000 Attorney
Warranty Deed $8,250,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $19,500,000 Future Advance Clause Open End Mortgage
Previous Owner $14,500,000 Construction
Previous Owner $11,000,000 Construction
Previous Owner $500,000 Balloon
Previous Owner $2,260,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,000,000 Unknown
Previous Owner $250,000 Credit Line Revolving
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

    Chris Deitz
    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

    145 Total Sales

    Paulette Koch
    Section Image
  • Dana Koch

    Buyer's Agent in 2021

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    73 in this area

    235 Total Sales

    Dana Koch
    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: 18-820

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 and is currently priced at $8,900,000, approximately $2,277 per square foot. This property was built in 1950. 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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