Home in 3 S Lake Trail, Palm Beach, FL 33480 with MLS# R11079637

A once-in-a-lifetime opportunity to own one of Palm Beach's most storied parcels, originally acquired from Henry Flagler interests, nearly a century ago. This 30,324 SF property (~201 frontage x ~151' deep) crowns Chapel Hill, one of the island's highest points (Elevation: 16.6'), capturing ocean breezes and potential vistas of The Breakers and its renowned golf course. Enveloped by mature trees on a picturesque cul-de-sac of only five homes, it offers exceptional privacy and tranquility in the very heart of Palm Beach. Perfectly situated among the Flagler Museum, The Royal and Glazer Hall, The Breakers, and The Society of the Four Arts, the address balances exclusivity with effortless access to Palm Beach's finest cultural, dining, and shopping destinations. Whether you envision an elegant single estate or a bespoke compound, the property's rare size, elevation, and pedigree present limitless possibilities. The contiguous lot to the west can be purchased for a combined size of 45,490 SF (~302' frontage x ~151' deep)

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3 S Lake Trail, Palm Beach, FL 33480

Price
Price:
$24,250,000.00
Original List Price:
$39,950,000.00
List Price per Sq Ft (Calculated, Approx.):
$9,428.46
Close Price:
$22,000,000.00
Transaction closed on:
May 8, 2026
Property Status and Type
Listing Type:
Sold
Status:
Closed
Contingency:
Pending
Listing Category:
Residential
Property Type:
Single Family House
Description of Last Important Update:
Status Change
Last Major Update on:
May 11, 2026 6:58 pm
Other Special Conditions:
Potential Tear Down
Rooms Distribution
Bedrooms:
3
Bathrooms Total:
3
Full Bath:
3
Room Type:
Laundry, Kitchen, Living Room, Master Bedroom
Measures
Living Area:
2,572 Sqft
Built-Up Area:
2,852 Sqft
Lot Area:
30,492 Sqft
Lot Size Dimensions and Info:
201 ft x 151.16 ft
Building Area Source:
Other
Lot Size Acres:
0.7
Property Features
Waterfront:
No
Private Pool
Swimming Pool Features:
In Ground
Furnished:
Unfurnished
Appliances:
Dishwasher, Disposal, Refrigerator, Gas Range, Ice Maker
Exterior:
Balcony
Laundry:
Inside
Fireplace
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Property Entrance Faces:
Northeast
Balcony Details:
Balcony - Open
Construction
Year Built:
1920
Roof:
Shingle, Composition
Levels:
Two
Construction Materials:
Frame
Flooring:
Wood
Number of stories:
1
Stories:
1
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$117,404.00
Tax Year:
2024
Property Tax Details:
Homestead Exemption
Parking
Garage Spaces:
0
Covered Spaces:
0
Utilities
Sewer:
Public Sewer
Electric:
Three Phase
Utilities Available:
Sewer Available, Water Available
Water Source:
Public
Community
Pets Allowed?:
Yes, No Restrictions
Subdivision Name:
HILL SUB
Senior Community:
No
Restrictions:
No Restrictions
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
HILL SUB LT 6 (LESS W 100 FT)~ LT 7 & W 18.95 FT OF LT 8
Real Estate Folio Number (Parcel Number):
50434322230000061
Zoning:
R-B(ci
Public Schools Assigned
Elementary School:
Gulf Gate Elementary
High School:
Forest Hill
Listing History
Active on the market since:
April 8, 2025
Listing Agreement executed on:
April 8, 2025
Purchase Contract Date:
March 20, 2026
Price change occurred on:
November 21, 2025 9:30 pm
Listing Status Last Changed On:
May 11, 2026 6:58 pm
Photos updated on:
January 29, 2026 6:43 pm
Last Modified:
August 11, 2026 3:06 pm
Additional Information
Courtesy of:
Brown Harris Stevens of PB
Attribution:
Not provided
Location
Street Name:
Lake
Street Number:
3
City:
Palm Beach
State:
Florida
Zip Code:
33480
County:
Palm Beach
Latitude:
N26° 42' 43.6''
Longitude:
W81° 57' 28.8''
Street Suffix:
Trail
Street Direction Prefix:
S
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $151,121
Median Home Value $1,218,500
Median Rent $1,840/mo
Median Age 69
Population 10,901
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This listing can also be located in the MLS system as RX-11079637
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed by the MLS or the real estate broker. ©2026 BeachesMLS, Inc. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available. Properties may be listed or sold by various participants in the MLS.