NOT LISTED FOR SALE

661 N Lake Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $8,657,000 - $14,639,897

6 Beds
5 Baths
4,701 Sq Ft
$2,296/Sq Ft Est. Value

Last Sold November 09, 2020

Last sale price $6,749,374 $1,436 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $73,622/month

482 Days on Market

Highlights

  • Guest House
  • Gas Heated Pool
  • Waterfront
  • Palm Beach Public School Rated A-
  • Garage Apartment
  • Wood Flooring

About This Home

As of November 2020

Mini compound (over 1/2 acre) on prestigious North Lake Way. This elegant Gottfried Regency was restored with gracious scale, style, and state of the art finishes. It's 4 BR main house with floor to ceiling windows, 2 BR guest house with full kitchen & cabana/entertaining bar area are surrounded by Morgan Wheelock gardens.

Last Agent to Sell the Property

Dana Koch

The Corcoran Group License #3027862 Listed on: 07/02/2019

The Corcoran Group

Co-Listed By

Paulette Koch

The Corcoran Group License #3068398

Last Buyer's Agent

Cara Coniglio

REBACK REALTY INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $95,233

Year Built

  • Built in 1962

Lot Details

  • 0.52 Acre Lot
  • Waterfront
  • Home has East and West Exposure
  • Property is zoned R-B - Low Density Residential, R-B - Low Density

Home Design

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

Interior Spaces

  • 4,701 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

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

Parking

  • 1 Car Garage
  • Garage Apartment

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Patio
  • Lanai

Additional Homes

  • Guest House

Utilities

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

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434310060000090

Home Details

Home Type

Single Family

Est. Annual Taxes

$95,233

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.52
  • Lot Size: 174
  • Subdivision Name: Tropic Isle
  • Architectural Style: Regency, One Story
  • Garage Yn: Yes
  • Year Built: 1962
  • Location Tax Legal:Zoned: R-B - Low Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 95232.74
  • Location Tax Legal:Tax Year2: 2018
  • General Property Description:Living Area: 4701.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • 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): 174
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Roof:Tar Gravel: Yes
  • WaterSewer:Sewer: Yes
  • General Property Description:Lot SqFt: 22651
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Style:One Story: Yes
  • Windows:Impact Glass: Yes
  • Exposure:East: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Floors:StoneBrick: Yes
  • Exposure:West: Yes
  • Style:Regency: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Range-Gas, Microwave, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Hardwood, Stone/Brick
  • Interior Amenities: Cable, Smoke Detectors
  • Living Area: 4701.0
  • Window Features: Impact Glass
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Smoke Detectors: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Pool Features: Pool, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Guesthouse/Cottage
  • Roof: Tar/Gravel
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:GuesthouseCottage: Yes

Garage/Parking

  • Parking Features: 1 Car
  • Garage:_one_ Car: Yes
  • Other Rooms:Garage Apartment: 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
  • Lot Size Sq Ft: 22651.0
  • Parcel #: 50434310060000090
  • Zoning: R-B - Low Density
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 95232.74
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2019
Closed on
Nov 6, 2020
Sold by
Nylen Mark A and Nylen 2007 Family Trust
Bought by
Conway Edwin N and Conway Edwin N
Seller's Agent
Dana Koch
The Corcoran Group
Buyer's Agent
Cara Coniglio
REBACK REALTY INC
List Price
$6,749,374
Sold Price
$6,749,374
Current Estimated Value
$10,795,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,046,258
Avg. Annual Appreciation
5.77%

Purchase Details

Listed on
May 1, 2017
Closed on
Oct 31, 2017
Sold by
North Lake Way Llc
Bought by
Nylen Mark A and The Nylen 2007 Family Trust
Seller's Agent
Dana Koch
The Corcoran Group
Buyer's Agent
Paulette Koch
The Corcoran Group
List Price
$7,000,000
Sold Price
$7,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.20%

Purchase Details

Closed on
Jun 22, 2012
Sold by
Nylen Mary Ellen
Bought by
North Lake Way Llc

Purchase Details

Closed on
Oct 28, 2010
Sold by
Iovino Thomas and Iovino Judith
Bought by
Nylen Mark A and Nylen 2007 Family Trust

Purchase Details

Closed on
Mar 13, 2003
Sold by
Wabiszewski Rose Marie
Bought by
Iovino Thomas and Iovino Judith

Purchase Details

Closed on
Aug 1, 2001
Sold by
Ralph L Wabiszewski M and Wabiszewski M Rose M
Bought by
Wabiszewski Ralph L/Rose M Trust
Source: Public Records

Range of Values:

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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
Conway Edwin N $6,749,374 Attorney
Nylen Mark A $7,000,000 Trident Title
North Lake Way Llc -- Attorney
North Lake Way Llc -- Attorney
North Lake Way Llc -- Attorney
Nylen Mark Ellen -- Attorney
Nylen Mark -- Attorney
Nylen Mark -- Attorney
Nylen Mark A $5,400,000 Attorney
Iovino Thomas $2,700,000 --
Wabiszewski Ralph L/Rose M Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lovino Thomas $1,850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2020 11/09/20 Sold $6,749,374 0.0% $1,436 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
07/02/2019 07/02/19 For Sale $6,749,374 -3.6% $1,436 / Sq Ft
11/03/2017 11/03/17 Sold $7,000,000 0.0% $1,489 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $7,000,000 -- $1,489 / 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 $174,178 $8,185,802 -- --
2023 $163,826 $7,441,638 $10,605,420 $4,847,977
2022 $137,545 $6,765,125 $0 $0
2021 $100,142 $6,150,114 $3,835,843 $2,314,271
2020 $111,585 $6,744,263 $3,997,153 $2,747,110
2019 $104,545 $6,185,768 $3,647,592 $2,538,176
2018 $95,233 $5,822,099 $3,464,599 $2,357,500
2017 $95,789 $5,967,182 $3,765,869 $2,201,313
2016 $88,108 $5,061,646 $0 $0
2015 $82,776 $4,601,496 $0 $0
2014 $77,282 $4,186,915 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dana Koch

    Seller's Agent in 2020

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    69 in this area

    229 Total Sales

    Section Image

  • P

    Seller Co-Listing Agent in 2020

    Paulette Koch

    The Corcoran Group

    (561) 227-4416

    53 in this area

    144 Total Sales

    Section Image

  • C

    Buyer's Agent in 2020

    Cara Coniglio

    REBACK REALTY INC

  • C

    Buyer's Agent in 2020

    CARA McCLURE

    Brown Harris Stevens of Palm Beach 5225

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 19-1449

APN: 50-43-43-10-06-000-0090

Florida Palm Beach County Palm Beach 33480 North End

661 N Lake Way, Palm Beach, FL

This home is located at 661 N Lake Way, Palm Beach, FL 33480 since 02 July 2019 and is currently estimated at $10,795,632, approximately $2,296 per square foot. This property was built in 1962. 661 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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