NOT LISTED FOR SALE

390 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $6,605,000 - $66,560,238

5 Beds
6 Baths
10,721 Sq Ft
$3,412/Sq Ft Est. Value

Last Sold December 18, 2015

Last sale price $31,400,000 $2,929 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $255,246/month

242 Days on Market

Highlights

  • 130 Feet of Waterfront
  • Docks
  • Outdoor Pool
  • Palm Beach Public School Rated A-
  • Newly Remodeled
  • 0.67 Acre Lot

About This Home

As of December 2015

Brand new PALM BEACH Lakefront home sited at a high elevation above the Intracoastal bike trail. It is the only brand new designer furnished home on the market in Palm Beach. With deep water dock, 10.5' at low tide, and 130' of lake front, just 3 blocks north of Wells Road, this 2-story modified Georgian features water views from nearly every room. Furnishings by Marc Michaels Interior Design. Multiple terraces, a billiard room and bar, 4-car garage, whole house generator and gated entry court complete this stunning new construction.

Last Agent to Sell the Property

JAMES McCANN

The Corcoran Group Listed on: 04/17/2015

Last Buyer's Agent

Steve Hall

THE FITE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $154,854

Year Built

  • Built in 2015 | Newly Remodeled

Lot Details

  • 0.67 Acre Lot
  • 130 Feet of Waterfront
  • Home fronts a seawall
  • Property fronts an intracoastal waterway
  • East Facing Home
  • Back and Front Yard Fenced
  • Property is zoned RB

Parking

  • 4 Car Garage

Home Design

  • Tile Roof
  • Fiber Cement Roof

Interior Spaces

  • 10,721 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Fireplace
  • Dining Room
  • Library
  • Utility Room
  • Impact Glass

Kitchen

  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Bulkhead
  • Docks
  • Balcony
  • Patio
  • Lanai

Utilities

  • Zoned Heating and Cooling

Community Details

  • No Home Owners Association
  • Walton Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434314050000240

Home Details

Home Type

Single Family

Est. Annual Taxes

$154,854

Year Built

Built in 2015 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.67
  • Lot Size: 130
  • Subdivision Name: Walton Addition
  • Above Grade Finished Sq Ft: 276153.85
  • Architectural Style: Two Story
  • Year Built: 2015
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 154854.49
  • Location Tax Legal:Tax Year2: 2014
  • General Property Description:Living Area: 10721.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 130
  • Floors:Hardwood: Yes
  • Roof:Cement Tile: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 29185
  • HOA:None: Yes
  • Exposure:East: Yes
  • ACHeat:Multi Zone Air: Yes
  • Floors:StoneBrick: Yes
  • Dock:Other Materials2: Yes
  • General Property Description:Waterfront Ftg: 130.0
  • Waterfront:ICW-Across Bikepath: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Microwave, Washer, Dryer, Central Vac System
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Hardwood, Stone/Brick
  • Interior Amenities: Elevator, Fireplace, Wet Bar, Pantry
  • Living Area: 10721.0
  • Window Features: Impact Glass-Full
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Fireplace: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Central Vac System: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: ICW-Across Bikepath
  • Waterfront: Yes
  • Construction Type: New Construction
  • Exterior Features: Balcony, Patio/Lanai, Fence-Back Wall, Fence-Front Wall, Seawall/Bulkhead
  • Roof: Cement Tile
  • Exterior Features:Balcony: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Fence-Front Wall: Yes
  • Exterior Features:SeawallBulkhead2: Yes
  • Construction:New Construction: Yes

Garage/Parking

  • Parking Features: 4 Car
  • Garage:_four_ Car: Yes

Utilities

  • Heating: Central Air, Multi Zone Air
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 29185.0
  • Parcel #: 50434314050000240
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 154854.49
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2015
Closed on
Dec 17, 2015
Sold by
390 North Lake Way Llc
Bought by
390Nlwpb Llc
Seller's Agent
JAMES McCANN
The Corcoran Group
Buyer's Agent
Steve Hall
THE FITE GROUP
List Price
$31,400,000
Sold Price
$31,400,000
Total Days on Market
242
Current Estimated Value
$36,582,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,182,619
Avg. Annual Appreciation
1.74%

Purchase Details

Closed on
Dec 27, 2012
Sold by
Rosenwald E John and Rosenwald Patricia P
Bought by
390 North Lake Way Llc

Purchase Details

Closed on
Jun 3, 1994
Sold by
Kirkland Lila M and Kirkland David S
Bought by
Rosenwald E John and Rosenwald Patricia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
8.52%
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
390Nlwpb Llc $31,400,000 Attorney
390 North Lake Way Llc $9,165,000 Attorney
Rosenwald E John $3,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 390Nlwpb Llc $25,000,000
Closed 390 Nlwpb Llc $18,900,000
Previous Owner Rosenwald E John $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2015 12/18/15 Sold $31,400,000 0.0% $2,929 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
04/17/2015 04/17/15 For Sale $31,400,000 -- $2,929 / 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 $598,691 $34,232,761 -- --
2023 $521,531 $31,120,692 $22,352,041 $16,942,662
2022 $473,059 $28,291,538 $0 $0
2021 $418,987 $25,719,580 $12,316,515 $13,403,065
2020 $419,651 $25,342,136 $14,690,000 $10,652,136
2019 $524,702 $33,026,499 $14,170,000 $18,856,499
2018 $440,063 $26,900,041 $12,626,381 $14,273,660
2017 $443,396 $26,521,169 $13,290,928 $13,230,241
2016 $458,629 $26,654,461 $0 $0
2015 $180,958 $9,387,241 $0 $0
2014 $154,854 $8,533,855 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    JAMES McCANN

    The Corcoran Group

  • S

    Buyer's Agent in 2015

    Steve Hall

    THE FITE GROUP

  • Stephen Hall

    Buyer's Agent in 2015

    Stephen Hall

    Compass Florida, LLC

    (561) 346-6068

    19 in this area

    68 Total Sales

    Stephen Hall
    Section Image

  • S

    Buyer's Agent in 2015

    Steve Hall, Jr.

    Brown Harris Stevens of Palm Beach 0039

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 15-876

APN: 50-43-43-14-05-000-0240

Florida Palm Beach County Palm Beach 33480 North End

390 N Lake Way, Palm Beach, FL

This home is located at 390 N Lake Way, Palm Beach, FL 33480 since 17 April 2015 and is currently estimated at $36,582,619, approximately $3,412 per square foot. This property was built in 2015. 390 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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