NOT LISTED FOR SALE

1494 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $5,716,000 - $38,768,510

6 Beds
7 Baths
7,231 Sq Ft
$3,076/Sq Ft Est. Value

Last Sold June 16, 2022

Last sale price $32,525,000 $4,498 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $157,407/month

98 Days on Market

Highlights

  • Lake Front
  • Dock made with wood
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • Regency Architecture

About This Home

As of June 2022

We are now offering a truly gracious direct Intracoastal regency estate. This five bedroom plus staff residence has wonderful proportioned rooms with soaring ceiling heights. More than 3/4 of an acre of prime waterfront land with dock close to inlet. A rare new opportunity to live Palm Beach properly.

Last Agent to Sell the Property

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 11/16/2021

Last Buyer's Agent

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 11/16/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $116,974

Year Built

  • Built in 1998

Lot Details

  • Lake Front
  • Home fronts a seawall
  • Property fronts an intracoastal waterway
  • West Facing Home
  • Back and Front Yard Fenced
  • Property is zoned RA

Home Design

  • Regency Architecture
  • Tar and Gravel Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,231 Sq Ft Home
  • 1-Story Property
  • Elevator
  • Ceiling Fan
  • Dining Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Partial Impact Glass

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Bulkhead
  • Dock made with wood
  • Patio
  • Lanai

Utilities

  • Forced Air Zoned Heating and Cooling System

Community Details

  • No Home Owners Association
  • Manana Estates Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434234050000250

Home Details

Home Type

Single Family

Est. Annual Taxes

$116,974

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 104
  • Subdivision Name: Manana Estates
  • Architectural Style: Regency, One Story
  • Garage Yn: Yes
  • Year Built: 1998
  • Location Tax Legal:Zoned: RA
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 116974.0
  • Location Tax Legal:Tax Year2: 2021
  • General Property Description:Living Area: 7231.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 104
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Roof:Tar Gravel: Yes
  • WaterSewer:Sewer: Yes
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Style:One Story: Yes
  • Windows:Impact Glass-Partial: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Auto Garage Door Opener: Yes
  • Exposure:West: Yes
  • Dock:Wood: Yes
  • Waterfront:Intracoastal-Direct: Yes
  • Waterfront:Lakefront: Yes
  • Style:Regency: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Range-Electric, Oven-Double, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Hardwood, Marble, Tile, W/W Carpeting
  • Interior Amenities: Ceiling Fan, Elevator
  • Living Area: 7231.0
  • Window Features: Impact Glass-Partial
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Elevator: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Appliances:Oven-Double: Yes

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal-Direct, Lakefront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Fence-Back Wall, Fence-Front Wall, Seawall/Bulkhead, Storm Shutters
  • Roof: Tar/Gravel
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Fence-Front Wall: Yes
  • Exterior Features:SeawallBulkhead2: Yes

Garage/Parking

  • Parking Features: 3 Car, Attached, Air Conditioned, Door Opener
  • Garage: Yes
  • Garage:_three_ Car: Yes
  • Garage:Air Conditioned: 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 #: 50434234050000250
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 116974.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2021
Closed on
Jun 15, 2022
Sold by
Hall Malcolm W and Somm Lorrain
Bought by
Ii 1494 Llc
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
List Price
$32,525,000
Sold Price
$32,525,000
Current Estimated Value
$22,242,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,282,745
Avg. Annual Appreciation
-10.91%

Purchase Details

Closed on
Jan 26, 2011
Sold by
Hall Malcolm W and Sommerville Hall Lorrain Felicita
Bought by
Hall Malcolm W

Purchase Details

Closed on
Dec 16, 2009
Sold by
1494 N Lake Way Llc
Bought by
Hall Malcolm W

Purchase Details

Closed on
Jun 6, 2006
Sold by
Nicastro Louis J and Nicastro Elaine A
Bought by
1494 N Lakeway Llc

Purchase Details

Closed on
Oct 28, 1999
Sold by
Mochorowski Maria C
Bought by
Nicastro Louis J

Purchase Details

Closed on
Apr 3, 1997
Sold by
Keitel Frederick J and Begassiere Diane De La
Bought by
Mochorowski Maria C

Purchase Details

Closed on
Mar 1, 1995
Sold by
Rolfs Zoe D
Bought by
Keitel Frederick J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,325,000
Interest Rate
9.05%
Source: Public Records

Range of Values:

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Average Value
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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
Ii 1494 Llc $32,525,000 Mario G De Mendoza Iii Pa
Hall Malcolm W -- Attorney
Hall Malcolm W -- Attorney
1494 N Lakeway Llc $9,000,000 Attorney
Nicastro Louis J $4,500,000 --
Mochorowski Maria C $1,480,000 --
Keitel Frederick J $1,325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Keitel Frederick J $1,325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Sold $32,525,000 0.0% $4,498 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
11/16/2021 11/16/21 For Sale $32,525,000 -- $4,498 / 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 $479,362 $29,925,642 -- --
2023 $410,422 $27,205,129 $21,843,283 $5,361,846
2022 $114,168 $7,278,524 $0 $0
2021 $116,203 $7,066,528 $0 $0
2020 $104,728 $6,258,162 $0 $0
2019 $104,536 $6,117,460 $0 $0
2018 $99,359 $6,003,395 $0 $0
2017 $99,405 $5,879,917 $0 $0
2016 $98,542 $5,758,978 $0 $0
2015 $101,917 $5,718,945 $0 $0
2014 $102,409 $5,673,557 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Lawrence A Moens

    Lawrence A. Moens Associates, Inc.

    (561) 655-5510

    44 in this area

    119 Total Sales

    Lawrence A Moens
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 21-1636

APN: 50-43-42-34-05-000-0250

Florida Palm Beach County Palm Beach 33480 North End

1494 N Lake Way, Palm Beach, FL

This home is located at 1494 N Lake Way, Palm Beach, FL 33480 since 16 November 2021 and is currently estimated at $22,242,255, approximately $3,075 per square foot. This property was built in 1998. 1494 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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