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1421 Lake Way
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PRICED AT ONLY: $10,900,000

Address: 1421 Lake Way, Palm Beach, FL 33480

Description

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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  • MLS#: R11078527 ( Residential )
  • Street Address: 1421 Lake Way
  • Viewed: 98
  • Price: $10,900,000
  • Price sqft: $3,421
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 3186
  • Bedrooms: 4
  • Total Baths: 3
  • Full Baths: 3
  • Garage / Parking Spaces: 2
  • Days On Market: 349

Description

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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Features
Building and Construction
  • Flooring: Wood, Other
  • Other Structures: Cabana
Land Information
  • Lot Features: Corner Lot
School Information
  • High School: Palm Beach Lakes
  • School Elementary: Palm Beach Public
Garage and Parking
  • Parking Features: Attached Garage, Garage
Eco-Communities
  • Pool Features: Heated, In Ground
Utilities
  • Cooling: Central Air
  • Electric: Three Phase
  • Heating: Central
  • Pets Allowed: Yes
  • Road Frontage Type: East of US-1
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
Amenities
  • Association Amenities: Cabana, Private Beach Pavilion
Finance and Tax Information
  • Tax Year: 2024
Other Features
  • Appliances: Electric Water Heater, Cooktop, Dishwasher, Disposal, Dryer, Electric Range, Free-Standing Freezer, Microwave, Refrigerator, Washer, Water Heater
  • Furnished: Unfurnished
  • Interior Features: Bedroom Layout - Stacked, Entrance Foyer, Kitchen Island
  • Legal Description: NORTH SHORE ADD TO PALM BEACH LT 42
  • Parcel Number: 50434234080000420
  • Views: 98
  • Zoning Code: R-B(ci
Nearby Subdivisions
251 Oleander Condo   Adams   Adams Add In   Bello Lido   Bello Lido Resub   Bingham Copp Tr   Boca Ratone Co Inlet   Boca Ratone Colet   Boulevard Estates   Brazilian Of Palm Beach   Bungalow Park Add   Casa Bendita   Coral Est   Dodge Estates In   Drake Park   East Shore   El Dorado Park   El Encanto   El Encanto 2   El Paraiso   Erbs Daisy E Add   Esplanade Estates   Floral Park   Graham Eckes Academy   Gregory Add & Repl Pb16p71 & P   Gregory Addn   Hill Sub   Ibis Isle   Island Rd Dev Rev   Jamaica Lane   Jamaica Lane In   Jeanette Court   Lagomar Park 2   Lima Addition   List   Los Incas Addition   Manana Estates   Manana Estates 2   Manana Estates 3   Mockingbird Trail Tract   N/a   New Siears Tr   None Given   North Shore   Ocean Lane In   Ocean Park H W Robbins   Ocean Park H W Robbins Add In   Ocean View   Orange Grove Park    Osceola Way   Palm Beach Estates   Palm Beach Ests Pb In   Palm Beach Shores Rev   Phipps Estates   Phipps Plaza   Plaza Pl   Plaza Pl In   Poinciana Park   Poinciana Park 2nd Add   Poinciana Park 3rd Add   President Palm Beach Condo   Primavera Estates (lake Front)   Proximity Park In   Rafalsky Mark   Regents Park In   Reverie   Royal Park   Royal Park Add To P B In   Singer   Stotesbury Park Rev   Tangier Est   Three Hundred Ocean Blvd Apts    Via Vizcaya   Villa Marine   Vita Serena   Westgate Ests (northern Sec)  
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