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3 Lake Trail
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PRICED AT ONLY: $24,250,000

Address: 3 Lake Trail, Palm Beach, FL 33480

Description

A once in a lifetime opportunity to own one of Palm Beach's most storied parcels, originally acquired from Henry Flagler interests, nearly a century ago. This 30,324 SF property (~201 frontage x ~151' deep) crowns Chapel Hill, one of the island's highest points (Elevation: 16.6'), capturing ocean breezes and potential vistas of The Breakers and its renowned golf course. Enveloped by mature trees on a picturesque cul de sac of only five homes, it offers exceptional privacy and tranquility in the very heart of Palm Beach. Perfectly situated among the Flagler Museum, The Royal and Glazer Hall, The Breakers, and The Society of the Four Arts, the address balances exclusivity with effortless access to Palm Beach's finest cultural, dining, and shopping destinations. Whether you envision an elegant single estate or a bespoke compound, the property's rare size, elevation, and pedigree present limitless possibilities. The contiguous lot to the west can be purchased for a combined size of 45,490 SF (~302' frontage x ~151' deep)

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  • MLS#: R11079637 ( Residential )
  • Street Address: 3 Lake Trail
  • Viewed: 99
  • Price: $24,250,000
  • Price sqft: $8,503
  • Waterfront: No
  • Year Built: 1920
  • Bldg sqft: 2852
  • Bedrooms: 3
  • Total Baths: 3
  • Full Baths: 3
  • Days On Market: 329

Description

A once in a lifetime opportunity to own one of Palm Beach's most storied parcels, originally acquired from Henry Flagler interests, nearly a century ago. This 30,324 SF property (~201 frontage x ~151' deep) crowns Chapel Hill, one of the island's highest points (Elevation: 16.6'), capturing ocean breezes and potential vistas of The Breakers and its renowned golf course. Enveloped by mature trees on a picturesque cul de sac of only five homes, it offers exceptional privacy and tranquility in the very heart of Palm Beach. Perfectly situated among the Flagler Museum, The Royal and Glazer Hall, The Breakers, and The Society of the Four Arts, the address balances exclusivity with effortless access to Palm Beach's finest cultural, dining, and shopping destinations. Whether you envision an elegant single estate or a bespoke compound, the property's rare size, elevation, and pedigree present limitless possibilities. The contiguous lot to the west can be purchased for a combined size of 45,490 SF (~302' frontage x ~151' deep)
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Features
Building and Construction
  • Exterior Features: Balcony
  • Flooring: Wood
  • Roof: Composition, Shingle
School Information
  • High School: Forest Hill
  • School Elementary: Palm Beach Public
Eco-Communities
  • Pool Features: In Ground
  • Water Source: Public
Utilities
  • Cooling: Central Air
  • Electric: Three Phase
  • Heating: Central
  • Pets Allowed: No Restrictions, Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
Amenities
  • Association Amenities: None
Finance and Tax Information
  • Tax Year: 2024
Other Features
  • Appliances: Dishwasher, Disposal, Gas Range, Ice Maker, Refrigerator
  • Furnished: Unfurnished
  • Legal Description: HILL SUB LT 6 (LESS W 100 FT)~ LT 7 & W 18.95 FT OF LT 8
  • Parcel Number: 50434322230000061
  • Views: 99
  • Zoning Code: R-B(ci
Nearby Subdivisions
Adams   Adams Add In   Allard   Allard Sub P B In   Alto Lido   Bahama Add In   Bello Lido   Bello Lido Resub   Bingham Copp Tr   Boca Ratone Co Inlet   Boca Ratone Colet   Boulevard Estates   Brazilian Of Palm Beach   Breezy Acres   Bungalow Park Add   Casa Bendita   Coral Est   Dodge Estates In   Drake Park   East Shore   El Bravo Park Supp Pl In   El Dorado Park   El Encanto   El Encanto 2   Erbs Daisy E Add   Esplanade Estates   Floral Park   Gregory Add & Repl Pb16p71 & P   Gregory Addn   Hill Sub   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 Palm Beach Pl 1   North Shore   Ocean Lane In   Ocean Park H W Robbins   Ocean Park H W Robbins Add In   Ocean View   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   Polan Sub   President Palm Beach Condo   Primavera Estates (lake Front)   Primavera Estates (middle Sec)   Proximity Park In   Rafalsky Mark   Regents Park In   Residences At Sloans Curve   Royal Park   Royal Park Add To P B In   Singer   Stotesbury Park Rev   Tangier Est   Tropical Isle   Via Vizcaya   Via Vizcaya Add In   Villa Marine   Vita Serena   Westgate Ests (northern Sec)  
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