See Home Value
$51,332,574*
House - Off Market

1330 N Lake Way

Palm Beach, FL 33480
bedrooms
7 Beds
bathrooms
9 Baths, 2 Half Baths
square feet
7048 Sqft
$43,875,000 - $53,625,000
Reference Base Price*
5.30%
Since Mar 1, 2022
National-US
Primary Model
Sold Mar 18, 2022
$45,362,500
Buyer
Seller
$31,500,000 by Jpmorgan Chase Bank Na
Mortgage Due May 01, 2052
Sold Dec 05, 2005
Transfer
$6,650,000 by Bank Of America Na
Mortgage

About This Property

A boater's Dream! This property has the largest water frontage currently on the market in Palm Beach. It extends along 137.9 'offering stunning views in this deep water area of the intra-coastal.  The home provides 5 bedrooms plus 3 staff quarters, soaring ceilings, and gracious outdoor entertainment space. A bonus to this property is the convenient deeded beach access at the coveted cabana on Ocean Terrace.

The manager has listed the unit size as 7048 square feet.
Unit Size
7,048Ft²
Days on Market
-
Land Size
-
Price per sqft
$6,917
Property Type
House
Property Taxes
$21,938
HOA Dues
-
Year Built
1996

Price History

Date / Event Date Event Price
Mar 18, 2022 Sold $45,362,500
Sold
Feb 16, 2022 No longer available -
No longer available
Feb 3, 2022 Listed $48,750,000
Listed

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 936
  • Parking Space Count: 6
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 33,659
  • Lot Size Depth Feet: 10
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 10,161
  • Gross Building Area: 10,161
  • Building Area: 7,048
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 7,048
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WALTON TR IN
  • Land Acres: 0.773
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PL OF WALTON TR, LTS 1, 4, 7 & PAR LYG BET LTS 1 & 2

Ownership

  • Current Owner : 1330 NLW LLC
  • Previous Owner : SHEROUQ LLC
  • Owner Before Previous Owner: BANK OF AMERICA TRUST CO OF DELAWARE NA
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 003507

Zoning

  • Zoning: R-B

Geography

  • Assessors Map Reference: 116
  • Parcel: 50-43-43-03-02-000-0010
  • Lot: 1
  • Meridian: SEC 03 TWN 43S RNG 43E
  • Municipality: PALM BEACH
  • Latitude: 26.7608
  • Longitude: -80.0407

    Address

  • Full Address: 1330 N Lake Way
  • Address - House Number: 1330
  • Street Direction: N
  • Address - Street Name: Lake
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Palm Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 3159
  • Zip Code: 33480

Valuation

    Tax

  • Total Area: 7,765
  • Tax Year: 2022
  • Tax Amount: $311,590
  • Tax Rate Code Area: 50411

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $31,500,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Apr 29, 2022
  • First Open Lien Mortgage Loan Amount: $31,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Market Valuation

  • Market Total Value: $23,119,757
  • Market Land Value: $20,237,650
  • Market Improvement Value: $2,882,107

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,699,669

    Sales

  • Current Sale Contract Date: Mar 11, 2022
  • Current Sale Recording Date: Mar 18, 2022
  • Current Sale Transaction ID: 11887506422
  • Current Sale Price: $45,362,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 118996
  • Previous Sale Recording Date: Dec 05, 2005
  • Previous Sale Contract Date: Aug 05, 2005
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Dec 05, 2005
  • Previous Mortgage Loan Amount: $6,650,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ocean Terrace


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 214 33rd Street, West Palm Beach, FL, 33407

$7,500 /mo

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214 33rd Street, West Palm Beach, FL, 33407 Listing by Kevin M Spina
Unit for rent at 447 35th Street, West Palm Beach, FL, 33407

$4,500 /mo

  • 3 Beds
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  • 1,305 ft²
447 35th Street, West Palm Beach, FL, 33407 Listing by Lori Quinlan
Unit for rent at 419 30th St, West Palm Beach, FL, 33407

$9,500 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,104 ft²
419 30th St, West Palm Beach, FL, 33407 Listing by William Sarnie


Frequently Asked Questions

When was property at 1330 North Lake Way built and last sold?
The property at 1330 North Lake Way was built in 1996 and last sold on Mar 11, 2022 for $45,362,500.
How much is this home worth?
The estimated value of the home located at 1330 North Lake Way is $49,237,500.
What are some comparable homes to 1330 North Lake Way?
There are currently no comparable homes to 1330 North Lake Way.

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