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940 N Lake Way, Palm Beach, FL 33480

$50,000,000
Property Type: Land/Acreage Lot Size (sq. ft.): 34,848 Status: Closed
Current Price: $50,000,000 List Date: 11/29/2023 Last Modified: 5/21/2024

Description

Opportunity awaits to build your dream home on this expansive 34,848-square-foot lot, offering 128 feet of water frontage and a very high elevation. This prime location not only provides a canvas for your ideal home, but also boasts a deep-water concrete dock, providing the perfect haven for maritime enthusiasts. The dock is thoughtfully designed to accommodate larger vessels over 100 feet, along with multiple smaller vessels. The dock features a substantial 40,000-pound lift for larger boats, and an additional 15,000-pound lift for smaller boats. Experience the epitome of waterfront living with unparalleled views and amenities on this expansive property. Enjoy deeded beach access nestled between Sandpiper and Eden Road and access to the Lake Trail right out your back gate.

More Information MLS# 23-1935

Contract Information

Current Price: $50,000,000 List Date: 2023-11-27 Sold Price: $50,000,000 List Price/Acre: 68750000 Exclusive: Right Photo to be Supplied: Photo Supplied by LO Lease Restrictions After Closing: No

Location, Tax & Legal

Parcel Control #: 50434310000010052 Street #: 940 St Dir Pfx: N Street Name: Lake Street Suffix: Way Municipality: Palm Beach Area: 01 - Wells Rd & North State/Province: FL Zip Code: 33480 Subdivision: N/A County: Palm Beach Certified Flood Elev: No Certified Survey: Yes Legal: 10-43-43, S 128.5 FT OF N 358.5 FT OF SUB B GOV LT 1 LYG W OF LAKE WAY Zoned: R-B - Low Density Residential Taxes: 396632 Tax Year: 2023 Geo Lat: 26.747429 Geo Lon: -80.041301

General Property Description

Lot SqFt: 34848 Lot Dim (1): 128 X Lot Dim (2): 289 Realtor.COM Type: Land Sub Type: Single Family/Residential Estate Acres: 0.8 Waterfront: Yes

Office/Member Info

Variable Rate: No Code to SA: 2 Code to SA Type: % Code to NR: 2 Code to NR Type: % Code to TB: 2 Code to TB Type: %

Status Change Info

Status: Closed Under Contract Date: 2024-04-01 Sold Date: 2024-05-21 Sold Price: $50,000,000

Property Features

Waterfront: ICW-Across Bikepath Exposure: East Dock: Concrete; Electric at Dock; Water at Dock Lot Size: 1/2 Acre to 1 Acre Landmark: No Landmarks Land Improvements: Electric at Site; Gas Available; Water Available Water/Sewer: City Water at Site Street Type: Dirt Miscellaneous: Land Cleared; Seawall/Bulkhead; Waterview Terms: Cash Terms Ownership Transfer: At Closing
Listing Office: Sotheby's International Realty, Inc.
Last Updated: May - 21 - 2024
940 N Lake Way, Palm Beach, FL 33480- MLS# 23-1935
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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