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
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
Documents
Survey ›Listing Office: Sotheby's International Realty, Inc.
Last Updated: May - 21 - 2024
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