Unimproved Land in 1333 N Lake Way, Palm Beach, FL 33480 with MLS# R11124839

The possibilities are endless at this prime lot with access to the Ocean Terrace Beach Cabana! This oversized lot measuring .56 acres ( 223 feet x 110 + - ) is located on the coveted North End of Palm Beach Island. A rare opportunity, this oversized assemblage includes an existing on-site structure and offers the chance to build a new construction home close to the beach. In addition to being nearby the prestigious Sailfish Club of Florida, this special lot includes easy access to the popular Lake Trail, which is literally just a few steps from the property. The neighborhood feels like you are in the Bahamas, but is also just minutes away from the full array of amenities, infrastructure, entertainment, and five-star dining which Palm Beach and West Palm Beach have to offer! DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. "No payments made until title passes" Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2025 by the listing company. All Rights Reserved.

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1333 N Lake Way, Palm Beach, FL 33480

Price
Price:
$16,100,000.00
Original List Price:
$16,100,000.00
List Price per Sq Ft (Calculated, Approx.):
$661.22
Close Price:
$14,900,000.00
Transaction closed on:
April 30, 2026
Property Status and Type
Listing Type:
Sold
Status:
Closed
Contingency:
Pending
Listing Category:
Land & Docks
Property Type:
Unimproved Land
Description of Last Important Update:
Status Change
Last Major Update on:
April 30, 2026 10:52 pm
Measures
Lot Area:
24,349 Sqft
Lot Size Dimensions and Info:
100.0 ft x 113.0 ft
Lot Size Unit:
Acres
Lot Features:
Home
Lot Size Acres:
0.559
Property Features
Waterfront:
No
Current Use:
Other
Vegetation and Trees:
Other
Property Entrance Faces:
South
Construction
Road Frontage Type:
Public Road
Possible Use:
Single Family
Taxes and Expenses
Tax Annual Amount:
$177,421.00
Tax Year:
2025
Utilities
Sewer:
Public Sewer
Utilities Available:
Electricity Available, Sewer Available
Water Source:
Other
Community
Subdivision Name:
OCEAN TERRACE
Senior Community:
No
Development Status:
Unrecorded Plat
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
OCEAN TERRACE W 90 FT OF LT 15 & LT 16
Real Estate Folio Number (Parcel Number):
50434303030000151
Zoning:
R-B(ci
Public Schools Assigned
Elementary School:
Groveland Elem
High School:
Palm Beach Lakes
Listing History
Active on the market since:
September 17, 2025
Listing Agreement executed on:
September 17, 2025
Purchase Contract Date:
March 2, 2026
Listing Status Last Changed On:
April 30, 2026 10:52 pm
Photos updated on:
October 13, 2025 4:01 pm
Last Modified:
April 30, 2026 10:52 pm
Additional Information
Courtesy of:
Premier Estate Properties Inc.
Attribution:
Not provided
Road Surface Type:
Paved
Location
Street Name:
Lake
Street Number:
1333
City:
Palm Beach
State:
Florida
Zip Code:
33480
County:
Palm Beach
Latitude:
N26° 45' 40''
Longitude:
W81° 57' 35.7''
Street Suffix:
Way
Street Direction Prefix:
N
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
Ver la Propiedad Ver la propiedad 1333 N Lake Way, Palm Beach, FL 33480
This listing can also be located in the MLS system as RX-11124839
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.