NOT LISTED FOR SALE

1451 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $7,916,000 - $11,152,484

4 Beds
5.5 Baths
4,125 Sq Ft
$2,388/Sq Ft Est. Value

Last Sold November 01, 2020

Last sale price $5,050,000 $1,224 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $62,467/month

118 Days on Market

Highlights

  • Private Pool
  • Laundry Room
  • Central Heating and Cooling System
  • Palm Beach Public School Rated A-
  • Tile Flooring
  • 2 Car Garage

About This Home

As of November 2020

Beautiful Mediterranean North End Residence. High end finishes through, this stunning 4 bedroom pool home offers all the amenities for the most discerning buyer.A true chefs kitchen, formal dining, grand foyer entry, and separate guest quarters. Boasting phenomenal mill work and grand space, the home lives to scale perfectly. An immaculate Master bedroom with oversized balcony makes for light and bright Florida living. Attention to detail will be the first aspect one notices upon entry to 1451 N Lake Way.Steps to beach access and Lake Trail, this private corner parcel residence sits on prime Real Estate.

Last Agent to Sell the Property

Matthias Fretz

Douglas Elliman (Jupiter) License #3283808 Listed on: 06/05/2020

Douglas Elliman (Jupiter)

Last Buyer's Agent

ELIZABETH SAVAGE

Brown Harris Stevens of PB License #3067550

Brown Harris Stevens of PB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $70,375

Year Built

  • Built in 2008

Lot Details

  • 0.26 Acre Lot
  • Property is zoned R-B(ci

Parking

  • 2 Car Garage

Interior Spaces

  • 4,125 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Tile Flooring

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Private Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Esplanade Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434234070000100

Home Details

Home Type

Single Family

Est. Annual Taxes

$70,375

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: N Lake Way North.Turn Right onto Onondaga.First residence on Right.
  • Year Built: 2008
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Tile
  • Living Area: 4125.0
  • Dining Room Type: Laundry
  • Stories: 2

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434234070000100
  • Lot Size Sq Ft: 11112.0
  • Zoning Description: R-B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 70375.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2020
Closed on
Nov 2, 2020
Sold by
Sorbara Katherine and The North Lake Way Trust
Bought by
1451 N Lake Way Llc
Seller's Agent
Matthias Fretz
Douglas Elliman (Jupiter)
Buyer's Agent
ELIZABETH SAVAGE
Brown Harris Stevens of PB
List Price
$5,488,000
Sold Price
$5,050,000
Premium/Discount to List
-$438,000
-7.98%
Total Days on Market
118
Current Estimated Value
$9,852,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,802,495
Avg. Annual Appreciation
15.29%

Purchase Details

Closed on
Jun 15, 2012
Sold by
West Group Residential Llc
Bought by
Sorbara Katherine

Purchase Details

Closed on
Jun 22, 2004
Sold by
Stiber Robert P and Demarinis Victor A
Bought by
West Group Residential Llc

Purchase Details

Closed on
Jun 23, 2003
Sold by
Jones Larry E
Bought by
Stiber Robert P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2003
Sold by
Renshaw Jones Roxanne
Bought by
Stiber Robert P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2003
Sold by
Flanagan Edward
Bought by
Stiber Robert P and Demarinis Victor A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
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
1451 N Lake Way Llc $4,600,000 Attorney
Sorbara Katherine $3,150,000 Attorney
West Group Residential Llc $1,175,000 --
Stiber Robert P -- --
Stiber Robert P -- --
Stiber Robert P $830,000 --
Stiber Robert P -- --
Stiber Robert P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1451 North Lake Way Llc $315,000
Previous Owner West Group Residential Llc $2,081,225
Previous Owner Stiber Robert P $650,000
Previous Owner 1451 North Lake Way Llc $3,150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2020 11/01/20 Sold $5,050,000 -8.0% $1,224 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $5,488,000 0.0% $1,330 / Sq Ft
03/30/2020 03/30/20 Rented $11,000 -12.0% --
02/29/2020 02/29/20 Under Contract -- -- --
01/31/2020 01/31/20 For Rent $12,500 -- --
Source: BeachesMLS

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 $122,158 $5,800,892 -- --
2023 $124,128 $5,273,538 $0 $0
2022 $91,563 $4,794,125 $0 $0
2021 $71,645 $4,358,295 $2,190,175 $2,168,120
2020 $75,461 $4,626,454 $1,750,140 $2,876,314
2019 $70,645 $4,278,379 $1,680,134 $2,598,245
2018 $60,730 $3,669,778 $1,600,128 $2,069,650
2017 $62,927 $3,777,615 $1,961,433 $1,816,182
2016 $60,633 $3,351,344 $0 $0
2015 $58,267 $3,046,676 $0 $0
2014 $53,219 $2,769,705 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthias Fretz

    Seller's Agent in 2020

    Matthias Fretz

    Douglas Elliman (Jupiter)

    (561) 315-9386

    3 in this area

    219 Total Sales

    Matthias Fretz
    Section Image

  • E

    Buyer's Agent in 2020

    ELIZABETH SAVAGE

    Brown Harris Stevens of PB

    (561) 317-5152

    4 in this area

    22 Total Sales

    ELIZABETH SAVAGE
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10628414

BeachesMLS

APN: 50-43-42-34-07-000-0100

Florida Palm Beach County Palm Beach 33480 North End

1451 N Lake Way, Palm Beach, FL

This home is located at 1451 N Lake Way, Palm Beach, FL 33480 since 05 June 2020 and is currently estimated at $9,852,495, approximately $2,388 per square foot. This property was built in 2008. 1451 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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