tomo logo

$11,900,000

Beds
4
Baths
3.0
sq ft
2,388

1421 N Lake Way, Palm Beach, FL 33480

1421 N Lake Way

Palm Beach, FL 33480

  • <1 day on market
RARE OPPORTUNITY!! Palm Beach's coveted North End on Cabana street--this exceptional property offers endless possibilities. Perfectly livable yet primed for a custom rebuild, this oversized lot comes with approved ARCOM plans, allowing for a seamless transition to your dream home. Proposed home will be 5,585 LSF and 6,293 TSF, with 4-beds in the main house plus convertible den (office/library) and 2-bed in guest house. Currently, the beautifully updated main house features two elegant bedrooms with rich wood flooring, spacious closets, and two tastefully designed bathrooms with walk-in showers. A charming guest cottage, connected by a covered walkway, provides a private retreat with two additional bedrooms, a cozy sitting area, and a full bath. The meticulously landscaped grounds are a...

Details

Property type

Single Family Residence

Est. home value

$10,509,772

Lot size

0.31 acres

Price per sq ft

$4,984

Year built

1950

Annual property taxes

$108,933

Price History

04/04/2025
Beaches

Beaches #R11078527

Listed
$11,900,000
+50.92%
02/18/2022
Beaches

Beaches #R10767357

Sold
$7,885,000

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

First Republic Bank

Loan start date

May 2022

Original loan amount

$5,125,250

Est. remaining balance

Not provided

Interest rate

2.45%

Loan type

New Conventional, 30 year

Seller

Reef Road 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: 04/05/2025 at 12:50 AM

Listing updated: 04/04/2025 at 6:41 PM

Listed by: Samantha Curry, Douglas Elliman Phone #: (561) 655-8600

MLS: Beaches #R11078527

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