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510 N Lake Way

Palm Beach, FL 33480

$15,995,000 Active

5 Beds 6.5 Baths 6,922 Sq Ft $2,564/Sq Ft 1995 Year Built 651 Days on Market
MLS# R11043720 Listed Dec 6, 2024 Courtesy of Sotheby's Intl. Realty, Inc.

Single Family Residence
Property type
0 days ago
Last updated
1995
Year built
651 days
Days on market
17,200 SF
Lot size

This British Colonial residence offers 6,922± total square feet with five bedrooms and six and a half bathrooms. Set on a 100' x 172' lot at the corner of Tangier Avenue and North Lake Way, the property features a large pool, covered loggia, and beautifully maintained grounds. The spacious foyer opens to the formal living room and a central gallery hall that connects the main living areas. The family room, located on the south side, opens through French doors to the covered loggia and pool. On the north side, the gallery leads to the formal dining room, library, and kitchen with adjoining dining area—an ideal layout for both everyday living and entertaining. Two guest bedrooms are located on the first floor, each with en suite baths and walk-in closets—one currently serving as a library. Additional first-floor features include a powder room, laundry room, and a two-car garage with separate service drive. Upstairs, the primary suite offers exceptional space and privacy with four walk-in closets, dual bathrooms, and ample storage. Two additional guest bedrooms on this level each include en suite baths and walk-in closets. Ideally situated on Palm Beach's North End, the residence is just moments from the Lake Trail, beaches, restaurants, and world-class shopping.

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Type Single Family Residence
Bedrooms 5
Bathrooms 6
Half Baths 1
Living Area 6,239 sq ft
Total Area 6,922 sq ft
Subdivision TANGIER EST
Zoning R-B(ci
Year Built 1995
Lot Size 17,200 sq ft
Lot Features
1/4 To Less Than 1/2 Acre LotLess Than 1 Acre
Roof -
Construction
CBS Construction
Style -
Accessibility -
Direction Faces East
Pool Yes
Pool Features -
Bedrooms
Primary Bedroom Upstairs
Master Bathroom
2 Primary BathroomsSeparate Tub & Shower
Dining Room
Family/Dining Combination
Living Room
Den/Library/OfficeGreat Room
Flooring
MarbleOther
Interior Features
BarCooking IslandFire SprinklersEntrance FoyerDen/Library/OfficeGreat Room
Appliances
DishwasherDisposalDryerFree-Standing FreezerIce MakerMicrowaveElectric RangeRefrigeratorWasher
Cooling
Central Air
Heating
Central
Exterior Features -
Parking Features
2 Or More SpacesCircular DrivewayParking Garage
Parking Total 2
Garage Yes
Garage Spaces 2
Carport -
Carport Spaces -
Pets Allowed
Yes
Community Features -
Security Features
Smoke AlarmSmoke Detector(s)Fire Sprinkler SystemFire SprinklersFire AlarmOwned Burglar AlarmSmoke DetectorBurglar AlarmSecurity SystemUnit Alarm
Association No
Annual Amount 102388
Tax Year 2024
Property History
For Sale - Price Changed — $15,995,000
Sep 12, 2026 · MLS# R11043720
$5,505,000

2024
For Sale - Active — $15,995,000
Dec 6, 2024 · MLS# R11043720
Listed For Sale — $21,500,000
Dec 6, 2024 · MLS# R11043720
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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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