NOT LISTED FOR SALE

1480 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $7,372,000 - $50,772,054

7 Beds
10 Baths
10,539 Sq Ft
$2,759/Sq Ft Est. Value

Last Sold December 16, 2020

Last sale price $35,375,000 $3,357 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $190,613/month

148 Days on Market

Highlights

  • Lake Front
  • Dock has access to electricity and water
  • Wine Room
  • Palm Beach Public School Rated A-
  • Guest House
  • Cabana

About This Home

As of December 2020

Sensational estate compound with more
than 250 feet of sandy beach on the Lake. Three structures include main house, guest house and guest pavilion plus open cabana at large pool. A casual elegance throughout this property can be experienced from the front door to the dock.

Last Agent to Sell the Property

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 06/30/2020

Last Buyer's Agent

CHRISTIAN ANGLE

Earl A. Hollis, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $316,858

Year Built

  • Built in 2014

Lot Details

  • Lake Front
  • Property fronts an intracoastal waterway
  • West Facing Home
  • Fenced Front Yard
  • Sprinkler System
  • Property is zoned RA

Home Design

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

Interior Spaces

  • 10,539 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Sound System
  • Fireplace
  • Wine Room
  • Dining Room
  • Library
  • Storage
  • Utility Room

Kitchen

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

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 10 Bathrooms
  • Bidet

Laundry

  • Dryer
  • Washer

Home Security

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

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Pool

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

Outdoor Features

  • Dock has access to electricity and water
  • Dock made with wood
  • Balcony
  • Patio
  • Lanai

Additional Homes

  • Guest House

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Manana Estates Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434234040000080

Home Details

Home Type

Single Family

Est. Annual Taxes

$316,858

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 251'
  • Subdivision Name: Manana Estates
  • Architectural Style: Bermuda, Contemporary, Two Story
  • Garage Yn: Yes
  • Year Built: 2014
  • Location Tax Legal:Zoned: RA
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 316858.0
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 10539.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 251'
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • Style:Bermuda: Yes
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Auto Garage Door Opener: Yes
  • Exposure:West: Yes
  • Dock:Electric at Dock: Yes
  • Dock:Wood: Yes
  • Waterfront:Intracoastal-Direct: Yes
  • Waterfront:Lakefront: Yes
  • Pool:Salt Water: 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
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Flooring: Hardwood, Marble
  • Interior Amenities: Bidet, Cable, Elevator, Fireplace, Sound System, Smoke Detectors, Storage, Wet Bar, Wine Rm/Temp-Control, Wndw Trmnts Included, Pantry
  • Living Area: 10539.0
  • Window Features: Impact Glass-Full
  • 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:Fireplace: Yes
  • Appliances:Oven-Double: Yes
  • Interior Features:Bidet: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Interior Features:Sound System: Yes
  • Interior Features:Wine RmTemp-Control: Yes

Exterior Features

  • Lot Features: 1 to 3 Acres
  • Pool Features: Pool, Salt Water, Heated - Gas, Spa
  • Pool Private: Yes
  • Waterfront Features: Intracoastal-Direct, Lakefront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony, Patio/Lanai, Cabana, Fence-Front Wall, Sprinkler System, Guesthouse/Cottage
  • Roof: Cement Tile
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Pool/Spa: Yes
  • Exterior Features:Cabana: Yes
  • Exterior Features:GuesthouseCottage: Yes
  • Exterior Features:Fence-Front Wall: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Land Lease Amount Frequency: No
  • Parcel #: 50434234040000080
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 316858.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Dec 16, 2020
Sold by
Mcmackin Cindy L and Mcmackin Ronald G
Bought by
Knispel Lester J and The Southpaw Trust
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
CHRISTIAN ANGLE
Earl A. Hollis, Inc.
List Price
$35,375,000
Sold Price
$35,375,000
Total Days on Market
148
Current Estimated Value
$29,072,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,302,973
Avg. Annual Appreciation
-4.30%
Original Mortgage
$15,000,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2018
Sold by
Moens Lawrence A
Bought by
Mcmackin Ronald G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000,000
Interest Rate
4.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 31, 2012
Sold by
1480 North Lake Wayllc
Bought by
Moens Lawrence A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,900,000
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2011
Sold by
Wilson Gregory L and Wilson Lisa C
Bought by
1480 North Lake Way Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000,000
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 24, 2009
Sold by
Shepherd Daniel J and Farina John
Bought by
Wilson Gregory L

Purchase Details

Closed on
Jul 10, 2009
Sold by
Shepherd Daniel J and Farina John
Bought by
St George Investments Llc

Purchase Details

Closed on
May 14, 1999
Sold by
Piesslinger Marina
Bought by
Keller Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 1998
Sold by
Schneider Leonard P and Schneider Donna M
Bought by
Keller Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
7.11%
Mortgage Type
New Conventional
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
Knispel Lester J $35,375,000 Attorney
Mcmackin Ronald G $26,650,000 Attorney
Moens Lawrence A -- Attorney
Moens Lawrence A $7,000,000 Attorney
1480 North Lake Way Llc $6,100,000 Attorney
Wilson Gregory L $5,730,000 Attorney
St George Investments Llc $3,675,000 Attorney
Keller Fred $2,400,000 --
Keller Fred $2,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Southpaw Trust $29,580,000
Closed Knispel Lester J $15,000,000
Previous Owner Mcmackin Ronald G $9,000,000
Previous Owner Mcmackin Ronald G $9,000,000
Previous Owner Moens Lawrence A $5,000,000
Previous Owner Moens Lawrence A $6,900,000
Previous Owner St George Investments Llc $9,000,000
Previous Owner Keller Fred $1,500,000
Previous Owner Keller Fred $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $35,375,000 0.0% $3,357 / Sq Ft
11/25/2020 11/25/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $35,375,000 -- $3,357 / 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 $435,941 $29,228,623 -- --
2023 $427,165 $28,377,304 $0 $0
2022 $424,361 $27,314,737 $0 $0
2021 $431,499 $26,519,162 $20,963,450 $5,555,712
2020 $318,670 $19,248,702 $0 $0
2019 $318,113 $18,815,935 $12,120,000 $6,695,935
2018 $211,203 $12,886,128 $0 $0
2017 $211,374 $12,621,085 $0 $0
2016 $212,276 $12,361,494 $0 $0
2015 $239,252 $13,375,397 $0 $0
2014 $190,071 $10,474,585 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lawrence A Moens

    Lawrence A. Moens Associates, Inc.

    (561) 655-5510

    46 in this area

    125 Total Sales

    Lawrence A Moens
    Section Image

  • C

    Buyer's Agent in 2020

    CHRISTIAN ANGLE

    Earl A. Hollis, Inc.

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-1108

APN: 50-43-42-34-04-000-0080

Florida Palm Beach County Palm Beach 33480 North End

1480 N Lake Way, Palm Beach, FL

This home is located at 1480 N Lake Way, Palm Beach, FL 33480 since 30 June 2020 and is currently estimated at $29,072,027, approximately $2,758 per square foot. This property was built in 2014. 1480 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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