NOT LISTED FOR SALE

528 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $6,212,000 - $13,368,370

6 Beds
8 Baths
6,398 Sq Ft
$1,502/Sq Ft Est. Value

Last Sold April 06, 2018

Last sale price $5,250,000 $821 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $60,573/month

115 Days on Market

Highlights

  • Outdoor Pool
  • Waterfront
  • Regency Architecture
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • No HOA

About This Home

As of April 2018

Tangier Estate is offering This beautiful 6 bedroom 7.5 bath single family pool home with a 2 car garage boasts 6,398 sq ft living area. Interior features in this gracious residence include high ceilings, French doors, pristine finishes, marble floors, custom moldings & Abundant storage. Separate wing for guests and staff guest quarters. Full house generator. North End of the Island

Last Agent to Sell the Property

PAYTON SMITH

Douglas Elliman License #SL-3363775 Listed on: 09/18/2017

Co-Listed By

RICHARD STEINBERG

Douglas Elliman License #SL-3368764

Last Buyer's Agent

CHRISTIAN ANGLE

Earl A. Hollis, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,500

Year Built

  • Built in 1960

Lot Details

  • Waterfront
  • Property is zoned RB

Parking

  • 2 Car Garage

Home Design

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

Flooring

  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 8 Bathrooms

Pool

  • Outdoor Pool

Community Details

  • No Home Owners Association
  • Tangier Estates Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434314010000040

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,500

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 173
  • Subdivision Name: Tangier Estates
  • Architectural Style: Regency
  • Garage Yn: Yes
  • Year Built: 1960
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 48500.15
  • Location Tax Legal:Tax Year2: 2015
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • General Property Description:Lot Dim (1): 173
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Roof:Tar Gravel: Yes
  • HOA:None: Yes
  • Windows:Impact Glass-Partial: Yes
  • Style:Regency: Yes
  • Special Features: None

Interior Features

  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Marble, W/W Carpeting
  • Window Features: Impact Glass-Partial

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Roof: Tar/Gravel
  • Construction:Cement BlockStucco: Yes

Garage/Parking

  • Parking Features: 2 Car
  • Garage:_two_ Car: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Parcel #: 50434314010000040
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 48500.15
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2019
Sold by
Nlwfl Llc
Bought by
Margolis Michael A and Mujica Margolis Mitra
Total Days on Market
115
Current Estimated Value
$9,610,123

Purchase Details

Listed on
Sep 18, 2017
Closed on
Apr 6, 2018
Sold by
Ocibaum Harold and Ocibaum Nancy
Bought by
Nlwfl Llc
Seller's Agent
PAYTON SMITH
Douglas Elliman
Buyer's Agent
CHRISTIAN ANGLE
Earl A. Hollis, Inc.
List Price
$5,250,000
Sold Price
$5,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%
Original Mortgage
$2,500,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 15, 1997
Sold by
Rudnick Cecil N
Bought by
Oelbaum Harhold and Oelbaum Nancy
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Margolis Michael A -- Attorney
Nlwfl Llc $4,936,727 Attorney
Oelbaum Harhold $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Margolis Michael Anthony $1,500,000
Previous Owner Nl Wfl Llc $2,500,000
Previous Owner Oelbaum Harold $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2018 04/06/18 Sold $5,250,000 0.0% $821 / Sq Ft
04/06/2018 04/06/18 Sold $5,250,000 0.0% $821 / Sq Ft
03/07/2018 03/07/18 Pending -- -- --
01/11/2018 01/11/18 Pending -- -- --
09/18/2017 09/18/17 For Sale $5,250,000 -30.0% $821 / Sq Ft
09/02/2017 09/02/17 For Sale $7,500,000 -- $1,172 / 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 $79,524 $5,374,155 -- --
2023 $77,929 $5,217,626 $0 $0
2022 $78,065 $5,065,656 $0 $0
2021 $79,336 $4,918,113 $0 $0
2020 $80,514 $4,850,210 $3,068,697 $1,781,513
2019 $75,793 $4,430,490 $2,800,332 $1,630,158
2018 $81,556 $4,932,335 $3,047,248 $1,885,087
2017 $47,364 $2,814,331 $0 $0
2016 $46,898 $2,756,446 $0 $0
2015 $48,500 $2,737,285 $0 $0
2014 $48,734 $2,715,561 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    PAYTON SMITH

    Douglas Elliman

  • Pat Smith

    Seller's Agent in 2018

    Pat Smith

    Douglas Elliman

    (561) 247-3158

    37 Total Sales

    Pat Smith
    Section Image

  • R

    Seller Co-Listing Agent in 2018

    RICHARD STEINBERG

    Douglas Elliman

  • C

    Buyer's Agent in 2018

    CHRISTIAN ANGLE

    Earl A. Hollis, Inc.

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 17-1830

APN: 50-43-43-14-01-000-0040

Florida Palm Beach County Palm Beach 33480 North End

528 N Lake Way, Palm Beach, FL

This home is located at 528 N Lake Way, Palm Beach, FL 33480 since 18 September 2017 and is currently estimated at $9,610,123, approximately $1,502 per square foot. This property was built in 1960. 528 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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