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1421 N Lake Way

Palm Beach, FL 33480

$10,900,000 Active

4 Beds 3 Baths 3,186 Sq Ft $4,564/Sq Ft 1950 Year Built 530 Days on Market
MLS# R11078527 Listed Apr 4, 2025 Courtesy of Douglas Elliman

Single Family Residence
Property type
2 days ago
Last updated
1950
Year built
530 days
Days on market
13,504 SF
Lot size

RARE OPPORTUNITY!! Palm Beach's coveted North End on Cabana street. This exceptional property offers endless possibilities. Perfectly livable yet primed for a custom rebuild, this oversized lot comes with previously approved ARCOM plans (plans are expired, not to resubmit), allowing for a seamless transition to your dream home. Proposed home will be 5,585 LSF and 6,293 TSF, with 4-beds in the main house plus convertible den (office/library) and 2-bed in guest house. Currently, the beautifully updated main house features two elegant bedrooms with rich wood flooring, spacious closets, and two tastefully designed bathrooms with walk-in showers. A charming guest cottage, connected by a covered walkway, provides a private retreat with two additional bedrooms, a cozy sitting area, and a full bath. The meticulously landscaped grounds are a private oasis, complete with a heated pool and spillover spa, surrounded by lush greenery. Whether you choose to enjoy this serene setting as is or bring your vision to life with the approved new construction plans, this prime North End location ensures unparalleled luxury and value. Close proximity to the Sailfish Club and bike path. A rare chance to build or enjoy as is-don't miss this extraordinary opportunity!

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Type Single Family Residence
Bedrooms 4
Bathrooms 3
Half Baths 0
Living Area 2,388 sq ft
Total Area 3,186 sq ft
Subdivision NORTH SHORE
Zoning R-B(ci
Year Built 1950
Lot Size 13,504 sq ft
Lot Features
1/4 To Less Than 1/2 Acre LotCorner LotEast Of US 1Less Than 1 Acre
Roof -
Construction
Other
Style -
Accessibility -
Direction Faces West
Pool Yes
Pool Features
Heated
Bedrooms
Primary Bath Shower
Master Bathroom
Shower Only
Dining Room
Eat-In KitchenKitchen Dining
Living Room
Great Room
Flooring
OtherWood
Interior Features
Cooking IslandEntrance FoyerStacked BedroomGreat Room
Appliances
Electric Water HeaterDishwasherDisposalDryerFree-Standing FreezerMicrowaveElectric RangeRefrigeratorWasher
Cooling
Central Air
Heating
Central
Exterior Features
East Of Us1
Parking Features
2 Or More SpacesParking Garage
Parking Total 2
Garage Yes
Garage Spaces 2
Carport -
Carport Spaces -
Pets Allowed
Yes
Community Features
Buyer Approval Required
Security Features
No Fire ProtectionNo Security
Association No
Waterfront No
Waterfront Features -
View
GardenPool
Water Source -
Sewer
At SitePublic SewerOtherPublic SanitationSewer
Annual Amount 108933
Tax Year 2024
Elementary School Palm Beach Public
Middle School -
High School Palm Beach Lakes
School District -
Property History

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Down Payment (20%)
Estimated Closing Costs (4%)
Total Due at Close
Our preferred lender
Major League Mortgage, LLC
Major League Mortgage, LLC · NMLS #2216568 · nmlsconsumeraccess.org
*Estimates are for informational purposes only and are not an offer or commitment to lend. Rates, payments, and terms shown are hypothetical, may not reflect current market conditions, and are subject to change without notice. Actual loan terms depend on credit approval, property details, and other factors — contact a licensed lender for accurate figures. You are free to choose any lender; use of Major League Mortgage, LLC is optional and not required to purchase or finance a property.
Agent
Jorge Martinez de Castro
Licensed Real Estate Broker
JMC Real Estate Miami, Inc.
+1 (305) 510-5589
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