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$64,500,000

Beds
5
Baths
7.5
sq ft
7,016

1260 N Lake Way, Palm Beach, FL 33480

1260 N Lake Way

Palm Beach, FL 33480

  • 16 days on market
Completed new construction direct Intracoastal estate residence with concrete dockage. Stunning Art Deco styled residence with several ''flex'' rooms featuring walk-in closets and full baths allowing as many as 6 bedrooms/baths. Heavily landscaped grounds with multiple outdoor entertainment areas - courtyards and fountains. Motor court. HVAC oversized garage. Dramatic pool area - complete privacy from bike path. Steps to Palmo - Town Park and fantastic beach. Huge second story patios invite the best of indoor/outdoor living. Dream kitchen, dining seats 12-14 and dramatic visible wine storage. High elevation. Turn-key staged. Furniture available in whole or part, separately from stager.

Details

Property type

Single Family Residence

Property condition

New Construction

Lot size

0.49 acres

Price per sq ft

$9,194

Year built

2024

Annual property taxes

$308,922

Price History

11/07/2024
Beaches

Beaches #R11034933

Listed
$64,500,000
+263.38%
04/15/2021
Beaches

Beaches #R10670055

Sold
$17,750,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Sabatello Construction Of Florida Inc

Loan start date

April 2021

Original loan amount

$23,000,000

Est. remaining balance

Not provided

Interest rate

2.97%

Loan type

Balloon

Seller

1260 Lake Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/23/2024 at 12:00 AM

Listing updated: 11/12/2024 at 5:15 PM

Listed by: Bill Yahn, The Corcoran Group Phone #: (561) 655-9081

MLS: Beaches #R11034933

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