5 months on rocket

1221 N Lake Way, Palm Beach, FL, 33480

$30,000,000

6 Bedrooms
6 Full Baths, 1 Partial
4,848 SqFt
$6,188/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
Parking2+ Spaces, Garage - Attached
Attached Garage2 spaces
Year Built1940
HeatingCentral
CoolingCentral Air, Zoned
WaterfrontIntracoastal
FireplaceFireplace(s)
ViewIntracoastal, Lake
Private PoolYes
MLS #RX-10932029
StatusActive

About 1221 N Lake Way

The 'Boat House' built in 1940 by noted architect Belford Shoumate and designed with a Nautical theme. Recently renovated while keeping many of the original details, the house has been brought to today's standards with hurricane windows and doors, elevator, new pool and landscaping, wood flooring to continue the nautical theme, air conditioned 2-car garage, water and electrical to the deep-water dock, new boat lift, etc. The house totals 6,040 SF with 6 bedrooms, 5 baths and outdoor living spaces on the first and second floors. There's also a roof-top deck overlooking the Intracoastal. The property has deeded beach access to the Mockingbird Trail cabana.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 2
  • Living Area: 4,848 SqFt

Listing Office:

  • Office Name: Brown Harris Stevens of PB (Wo
  • Office Phone: (561) 659-6400
  • Listing Agent: Liza P. Pulitzer

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Gas Range, Refrigerator, Washer
  • Flooring Type: Terrazzo Floor, Wood Floor
  • Interior: Elevator, Fireplace(s)
  • Fireplace: Fireplace(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Intracoastal
  • View: Intracoastal, Lake
  • Exterior: Covered Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: 2+ Spaces, Garage - Attached

Virtual/3D Tour

  • Virtual Tour: 1221 N Lake Way

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Zoned

School Info

Assigned Schools Information:

  • Palm Beach Lakes High School, Public Magnet Grades PK-12
  • Conniston Middle School, Public Magnet Grades 6-8
  • Palm Beach Public School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Bradley to N Lake Way then to 1221

Price Information

Listing Price Info

Price Summary:

  • List Price: $30,000,000
  • Price Per SqFt: $6,188/SqFt

Tax Information:

  • Annual Amount: $76,851
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palm Beach, FL.

Med. Sold Price

$1.1M

Med. Price/SqFt

$711

Avg. Days On Market

143

# of Sold Homes

38

1221 N Lake Way vs Palm Beach

178 DAYS ON ROCKET

+35 Days

$30,000,000

+$28.8M More

$6,188/SqFt

+$5.4K More

KEY TAKEAWAY

This property is $28.8M more than the Median Sold Price and $5.4K/SqFt more than other homes in Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-10932029

Listing Office:

  • Office Name: Brown Harris Stevens of PB (Wo
  • Office Phone: (561) 659-6400
  • Listing Agent: Liza P. Pulitzer

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 2:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 19, 2021Home Sold
$14,300,000
Aug 10, 2017Home Sold
$5,900,000
Jul 24, 2001Home Sold
$6,500,000

Tax History

YEARPROP. TAXASSESSMENT
2020$76,851$4,588,777
2019$103,510$6,075,987
2018$94,194$5,707,846
2017$92,529$5,128,644

History based on county public records data.

Payment Calculator

$149.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$90K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1001569
7
/10
  • Palm Beach Public School

  • 239 Cocoanut Row

  • 3.44 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-1001570
4
/10
  • Conniston Middle School

  • 3630 Parker Ave

  • 5.59 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1001571
2
/10
  • Palm Beach Lakes High School

  • 3505 Shiloh Dr

  • 4.04 miles

  • Public Magnet Grades PK-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $148,936. The most common annual income of people living in Palm Beach, FL is between $100k-200k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1221 N Lake Way

What is the listing price of this property?

The listing price of 1221 N Lake Way property is $30,000,000.

What type of property is this?

The property 1221 N Lake Way is a house located in Palm Beach, Florida, 33480.

Is this property for sale now?

Active Listing: 1221 N Lake Way is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1221 N Lake Way are:
Palm Beach Public School: GreatSchools Rating 7/10
Conniston Middle School: GreatSchools Rating 4/10
Palm Beach Lakes High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $76,851 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 19, 2021 for $14,300,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1221 N Lake Way has 6 bedrooms and 6 full and 1 half bathrooms.

What is the square footage of this property?

The property 1221 N Lake Way is 4,848 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1221 N Lake Way is 1940.
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Rocket Homes›Florida›Palm Beach County›Palm Beach›33480›1221 N Lake Way

This home is located at 1221 N Lake Way in Palm Beach, FL and zip code 33480 in the North End neighborhood. This 4,848 square foot home was built in 1940. Features: 6 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since October 31, 2023 and is currently priced at $30,000,000.

In March 2024 more than 3 listings in Palm Beach, FL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 35 were sold below. The inventory of homes for sale in Palm Beach, FL between February 2024 and March 2024 increased by 5.7%. Listings spent 143 days on the market in March 2024, and had a median list price of $1,113,750 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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