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.
1333 N Lake Way, Palm Beach, FL 33480
- 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
- 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
- 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
- Waterfront:
- No
- Current Use:
- Other
- Vegetation and Trees:
- Other
- Property Entrance Faces:
- South
- Road Frontage Type:
- Public Road
- Possible Use:
- Single Family
- Tax Annual Amount:
- $177,421.00
- Tax Year:
- 2025
- Sewer:
- Public Sewer
- Utilities Available:
- Electricity Available, Sewer Available
- Water Source:
- Other
- Subdivision Name:
- OCEAN TERRACE
- Senior Community:
- No
- Development Status:
- Unrecorded Plat
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Close Of Escrow
- Tax Legal Description:
- OCEAN TERRACE W 90 FT OF LT 15 & LT 16
- Real Estate Folio Number (Parcel Number):
- 50434303030000151
- Zoning:
- R-B(ci
- Elementary School:
- Groveland Elem
- High School:
- Palm Beach Lakes
- 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
- Courtesy of:
- Premier Estate Properties Inc.
- Attribution:
- Not provided
- Road Surface Type:
- Paved
- 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

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