Home » Palm Beach » 1221 N Lake Way, Palm Beach, FL 33480 | R10996763/RX-10996763

1221 N Lake Way, Palm Beach, FL 33480 | For Sale

$24,950,000

Property Highlights

Listing ID R10996763/RX-10996763 Status of this Listing: Active For Sale Property Type Residential Single Family House 5 Bedrooms 6 Bathrooms Total 5 Full Bath 1 Half Bath Living Space 3,202 Sqft/297.48 m2 approx. Building Area 5,636 Sqft/523.60 m2 approx. Lot area 14,662 Sqft/1362.14 m2 approx. The property features a private pool Year Built 1940 Waterfront Time of this property on Rebonus 76 Day(s)
53 Photos of this Property

1221 N Lake Way, Palm Beach, FL 33480

Property Description: A beautifully renovated, masterful landmark of Modernist architecture, the Boat House combines the very best elements of life in Palm Beach - the perfect spot on the lakefront with dock and boat-lift, deeded ocean access at the Mockingbird neighborhood beach cabana, and an incredibly elegant, exquisitely renovated, move-in ready home. This nautically themed Art Moderne home faces prow-forward toward dramatic sunsets, its rooftop deck overlooking the pool, dock and sparkling Intracoastal. Sea-going touches include seamed hardwood floors, porthole windows and white-piped terrace railings. The house received a full renovation a few years ago and the current owners then made meaningful improvements of their own.

Useful Info

Original List Price:$24,950,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Property Condition:
  • Resale
Construction Materials:
  • Block
Flooring:
  • Wood
  • Terrazzo
Frontage Type:
  • Waterfront
Number of stories:2

Property Features

View from the Property:
  • Pool
  • Intercoastal
Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Intracoastal Access
  • Navigable Water
  • Seawall
  • No Fixed Bridges
Frontage Length:65
Private Pool:Yes
Swimming Pool Features:
  • Heated
  • Pool
Security:
  • Security System
Furnished:
  • Unfurnished
Appliances:
  • Dryer
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Washer
  • Gas Range
  • Electric Water Heater
  • Ice Maker
  • Water Purifier
Interior Features:
  • Breakfast Area
  • Pantry
  • Walk-in Closet(s)
  • Family/dining Room
  • Entrance Foyer
  • Fireplace
  • Elevator
  • Separate Shower
Exterior Features:
  • Deck
  • Balcony
  • Patio
Patio and Porch Features:
  • Patio
  • Deck
  • Balcony
  • Open
Roof:
  • Tar/gravel
Window Features:
  • Impact Glass
Fireplace:Yes
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$216,985

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Association Fee Frequency:
  • Monthly

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Pets Allowed?:Yes
Subdivision Name:MOCKINGBIRD TRAIL TRACT
Community Features:
  • Non-gated
Complex Name:MOCKINGBIRD TRAIL TRACT
Senior Community:No
Restrictions:No Restrictions

Parking

Garage:Yes
Garage Spaces:2
Covered Spaces:2
Attached Garage:Yes
Parking Features:
  • Garage
  • Two Or More Spaces
  • Attached

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Electricity Available
  • Natural Gas Available
  • Sewer Available
  • Water Available
Water Source:
  • Public

More Details

Other Information:
Housing Older Persons Act: No HOPA
Data exchange original Listing Number: RX-10996763
Type of Governing Bodies: No Governing Body

Zoning and Legal

Tax Legal Description:MOCKING BIRD TRAIL TRACT S 65 FT OF LTS 1 & 5
Real Estate Folio Number (Parcel Number):50434303090000011
Zoning Description:R-B(ci

Listing History

Update/EventDate/Days
Published Date:June 17, 2024 11:44 am
On Market Date:June 16, 2024
Listing Contract Date:June 16, 2024
Last Important Update Description:New Listing
Date and Time of Last Important Update:June 17, 2024 11:53 am
Status Last Changed:June 17, 2024 12:00 am
Photos Last Modified:June 26, 2024 12:02 pm
Last Modified:August 31, 2024 6:47 am
Days on the Market Reference Date:August 31, 2024
Days on the Market (updated on Last Modified*):76
Cumulative Days on the Market (updated on Last Modified**):76

Additional Information

Lot Size Range:, 1/4+ To 1/2 Acre
Number of Photos Count:53
Geographical Area:Palm Beach 5001; 5002; 5003; 5004
Area:5001
Ref ID:1076537084
Courtesy of:Sotheby's Intl. Realty, Inc.
Universal Property Id:US-12099-N-50434303090000011-R-N

Location

Show Property Address:Yes
Street Name:Lake Way
Street Number:1221
Street Direction Prefix:N
Street Address:1221 N Lake Way
City : Palm Beach
State : Florida
Zip Code : 33480
County : Palm Beach County
Full Address:1221 N Lake Way, Palm Beach, FL 33480
Latitude:N26° 45' 25.2''
Longitude:W81° 57' 32.8''

Neighborhood

Postal City:Palm Beach

Property Map

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