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$95,000,000

Beds
6
Baths
7.0
sq ft
11,022

1460 N Lake Way, Palm Beach, FL 33480

1460 N Lake Way

Palm Beach, FL 33480

  • 1 day on market
Welcome to 1460 N Lake Way, an immaculately renovated direct waterfront compound, just recently completed in 2024 and situated ideally on the coveted North End of Palm Beach Island. One of about only 25 direct Intracoastal waterway homes on Palm Beach Island which is both North of Worth Avenue and not obstructed by the Lake Trail, this show-stopping, ultra-high ceiling residence with 16,000 SF +/- of total living space sits on nearly an acre and features 165 ft +/- of water frontage with a new deep water dock ready to accommodate a large vessel. The estate boasts dual primary suites, a private sound proof guest apartment, an oversized 75 ft +/- travertine swimming pool, and outdoor cabana perfect for entertaining. With no expense spared and extensive attention

Details

Property type

Single Family Residence

Est. home value

$37,773,866

Lot size

Unknown

Price per sq ft

$8,620

Year built

2005

Annual property taxes

$509,877

Price History

10/04/2024
Beaches

Beaches #R11026526

Listed
$95,000,000
+344.86%
04/24/2018
Beaches

Beaches #R10263789

Sold
$21,355,000

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

Iborrow Credit Ii Lp

Loan start date

June 2023

Original loan amount

$41,600,000

Est. remaining balance

Not provided

Interest rate

6.43%

Loan type

Commercial, 2 year

Seller

1460 N Lake Way Llc and Atlanta Sugar Capital Llc

Lender

Khre Sma Funding Llc

Loan start date

July 2021

Original loan amount

$35,000,000

Est. remaining balance

Not provided

Interest rate

2.99%

Loan type

Commercial

Seller

1460 N Lake Way Llc and Atlanta Sugar Capital 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: 10/05/2024 at 3:25 AM

Listing updated: 10/04/2024 at 3:46 PM

Listed by: Margit Brandt, Premier Estate Properties, Inc Phone #: (561) 655-5505

MLS: Beaches #R11026526

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