$7,053,050
SOLD APR 30, 2021

357 N Lake Way Palm Beach, FL 33480

North End Neighborhood
5 Beds
3.5 Baths
4,040 Sq Ft
0.35 Acres

Recently Sold

$1,746 Per Sq Ft

6% Below List Price

Highlights

  • Heated Pool
  • Wood Flooring
  • High Ceiling
  • Palm Beach Public School Rated A-
  • Garden View
  • Den

About This Home

As of April 2021

Bermuda Estate with prime in mid-town location. 5 bedroom/5 bathroom with pool.Beach and Lake Trail access at Wells Road

Last Agent to Sell the Property

Burt Minkoff

Douglas Elliman License #3027869 Listed on: 04/29/2021

Douglas Elliman

Last Buyer's Agent

Simon Isaacs

Simon Isaacs Real Estate LLC License #3341521

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $61,186

Year Built

  • Built in 1951

Lot Details

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

Parking

  • 1 Car Garage

Property Views

  • Garden
  • Pool

Home Design

  • Concrete Roof

Interior Spaces

  • 4,040 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Skylights
  • Fireplace
  • Formal Dining Room
  • Den
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Heated Pool
  • Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434314060000250

Community Details

Overview

  • Stotesbury Park Rev Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$61,186

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North Bridge, then north on North Lake Way.
  • Year Built: 1951
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Fireplace, High Ceilings, Skylights
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Living Area: 4040.0
  • Dining Room Type: Den, Laundry
  • Stories: 2
  • Window Features: Skylight(s)

Exterior Features

  • Exterior Features: Patio
  • View: Garden, Pool
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Non-Gated, Street Lights
  • Senior Community: No
  • Amenities: Trail(s)
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434314060000250
  • Lot Size Sq Ft: 15257.0
  • Zoning Description: R-B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 61186.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Apr 29, 2021
Sold by
Evans Laura W and Diack James A
Bought by
Hesse Scott and Hesse Whitney
Seller's Agent
Burt Minkoff
Douglas Elliman
Buyer's Agent
Simon Isaacs
Simon Isaacs Real Estate LLC
List Price
$7,500,000
Sold Price
$7,053,050
Premium/Discount to List
-$446,950
-5.96%
Total Days on Market
0
Current Estimated Value
$8,576,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,523,917
Avg. Annual Appreciation
4.90%
Original Mortgage
$5,000,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 2, 2018
Closed on
Feb 7, 2020
Sold by
Waldin Erik T
Bought by
Evans Laura W and Diack James A
Seller's Agent
JIM McCANN
Premier Estate Properties, Inc. - Palm Beach
Buyer's Agent
BURTON MINKOFF
MCCANN COYNER CLARKE
List Price
$4,453,000
Sold Price
$4,453,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.34%
Original Mortgage
$1,750,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2005
Sold by
Waldin Thomas B
Bought by
Waldin Erik T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 10, 2000
Sold by
Berkman O T
Bought by
Waldin Thomas B

Purchase Details

Closed on
Sep 30, 1994
Sold by
Schrafft Judith W
Bought by
Berkman O T
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 Type Sale Price Title Company
Warranty Deed $7,053,050 None Available
Warranty Deed $4,453,000 Attorney
Warranty Deed $1,924,000 --
Warranty Deed $1,535,000 --
Warranty Deed $525,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,000,000 New Conventional
Closed $5,000,000 Commercial
Previous Owner $1,750,000 New Conventional
Previous Owner $2,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $3,000,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $7,053,050 -6.0% $1,746 / Sq Ft
04/29/2021 04/29/21 For Sale $7,500,000 +68.4% $1,856 / Sq Ft
02/07/2020 02/07/20 Sold $4,453,000 0.0% $1,078 / Sq Ft
01/14/2020 01/14/20 Pending -- -- --
11/02/2018 11/02/18 For Sale $4,453,000 -- $1,078 / Sq Ft
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 $96,946 $6,478,586 -- --
2023 $94,933 $6,289,889 $0 $0
2022 $95,103 $6,106,688 $0 $0
2021 $62,580 $3,823,498 $0 $0
2020 $61,186 $3,639,039 $2,708,499 $930,540
2019 $63,946 $3,727,147 $2,471,634 $1,255,513
2018 $58,668 $3,527,889 $2,534,617 $993,272
2017 $42,347 $2,513,129 $0 $0
2016 $41,824 $2,461,439 $0 $0
2015 $43,252 $2,444,329 $0 $0
2014 $43,460 $2,424,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Burt Minkoff

    Seller's Agent in 2021

    Burt Minkoff

    Douglas Elliman

    9 in this area

    65 Total Sales

    Burt Minkoff
    Section Image
  • Simon Isaacs

    Buyer's Agent in 2021

    Simon Isaacs

    Simon Isaacs Real Estate LLC

    (561) 818-3936

    10 in this area

    133 Total Sales

    Simon Isaacs
    Section Image

  • J

    Seller's Agent in 2020

    JIM McCANN

    Premier Estate Properties, Inc. - Palm Beach

    (561) 307-1525

    31 in this area

    79 Total Sales

    JIM McCANN
    Section Image

  • B

    Buyer's Agent in 2020

    BURTON MINKOFF

    MCCANN COYNER CLARKE

See All Agents

Map

Source: BeachesMLS

MLS Number: R10712129

BeachesMLS

APN: 50-43-43-14-06-000-0250

Florida Palm Beach County Palm Beach 33480 North End

357 N Lake Way, Palm Beach, FL

This home is located at 357 N Lake Way, Palm Beach, FL 33480 and is currently priced at $7,053,050, approximately $1,745 per square foot. This property was built in 1951. 357 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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