Date
Details
Price
Change
Source
3/03/2026
Listed
$7,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/17
$7,000,000 Sale Pending
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1/17
Property Description
Exceptional waterfront development opportunity in the Town of Palm Beach Shores. Spanning approximately 0.42 acres along the Intracoastal Waterway, this property offers direct access to the Atlantic Ocean within minutes and no fixed bridges. Positioned across from Peanut Island and just north of the Palm Beach Inlet, the location provides outstanding boating convenience and wide water views. Zoned C, the parcel allows for multiple potential uses including single-family, multi-family, or hospitality (subject to town approvals). The property features approximately 75 ft of waterfront with an existing 99 ft dock and is located in an area experiencing continued coastal enhancement and investment. Palm Beach Shores is a unique seaside municipality situated on the southern tip of Singer Island bordered by the Atlantic Ocean, Lake Worth Lagoon, and the Palm Beach Inlet. Residents enjoy walkable access to the beach, a community pavilion, local parks, and nearby marinas. Close to waterfront dining, shopping, golf courses, and Palm Beach International Airport. Buyer to verify zoning, permitted uses, and development requirements with the Town of Palm Beach Shores.
Full Property Details
Full Property Details for 206 Lake Dr
General
- Price: $7,000,000
- Taxes: $12,511 (2025)
- Status: Pending
- Type: Single Family
- Source: Regional
- MLS ID: R11168153
- Updated: Today (3/3/2026)
- Added to Site: Today
Interior
- Number of Rooms: 4
- Interior Features: None, Split Bedrooms
- Appliances: Refrigerator
- Furnishings: Unfurnished
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Main Floor Baths: 3
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Additional Information
- Shared Amenities: Boating
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Attached, Garage, Open
Location
- County: Palm Beach
- Subdivision: PALM BEACH SHORES
- Driving Directions: Blue Heron Blvd east to Lake Drive, make a right, property on the right.
- Direction Faces: East
School Information
- Elementary School: Lincoln
- Middle School: John F. Kennedy (Palm Beach)
- High School: William T. Dwyer
Community
- Community Name: 5240
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Architectural Style: Ranch
- Construction: Block
- Roof: Composition, Other, Shingle
- Stories/Levels: 1
- Building Size: 2318
- Square Feet: 1,686
- Living Area: 1,686 Sq. Ft.
- Year Built: 1953
- Property Condition: Resale
Lot Features
- Property View: Intercoastal
- Lot Size (Acres): 0.42
- Lot Size (Sq. Ft.): 18,295.2
- Lot Dimensions: 75 x 242 (.42ACRES)
- Frontage: Public Road, Paved
- Lot Features: 1/4 to 1/2 Acre Lot
- Zoning: DISTRIC C - MUL
Water Features
- Water Front: Yes
- Water Front Desc.: Intracoastal Access, Navigable Water, No Fixed Bridges, Ocean Access, Seawall
- Water Front View: Intracoastal Access, Navigable Water, No Fixed Bridges, Ocean Access, Seawall
- Boat Dock Slip: Yes
Financial Considerations
- Tax Amount: $12,511.1
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: PALM BEACH SHORES LT 535
- Disclosures/Rstr.: Flood Plain Disclosure
- Property ID: 54434227040005350
Listed by The Keyes Company (PBG)
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Listing agent
— 206 Lake Dr —
The Keyes Company (PBG)
561-722-1169
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 206 Lake Dr
School District:Palm Beach County School District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School 1160 Avenue N, Riviera Beach, FL 33404 | PK-5 | 2.2 mi |
William T. Dwyer High School 13601 North Military Trail, Palm Beach Gardens, FL 33410 | 9-12 | 7.8 mi |
John F. Kennedy Middle School, Riviera Beach, FL 1901 Avenue S, Riviera Beach, FL 33404 | 6-8 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 206 Lake Dr
Tax History
Tax History for 206 Lake Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,514
3%
$677,217
3%
2024
$12,142
2%
$658,131
3%
2023
$11,849
2%
$638,962
6%
2021
$11,642
-1%
$602,283
-3%
2022
$11,712
1%
$620,351
4%
2021
$11,642
—
$593,967
2%
2019
$11,666
10%
$580,613
2%
2018
$10,651
1%
$569,787
2%
2017
$10,565
—
$558,068
2%
2016
$10,574
-2%
$546,590
1%
2015
$10,808
—
$542,790
1%
2014
$10,822
2%
$538,482
2%
2013
$10,606
—
$530,524
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 206 Lake Dr
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- Single Family
- Closed
- Updated 11 days ago
- 3Beds
- 4Total Baths
- 3,120Sq. Ft.
206 Lake Drive, Palm Beach Shores, FL 33404 (MLS# R11168153) is a Single Family property with 3 bedrooms and 3 full bathrooms. 206 Lake Drive is currently listed for $7,000,000 and was received on March 03, 2026. Want to learn more about 206 Lake Drive? Do you have questions about finding other Single Family real estate for sale in Palm Beach Shores? You can browse all Palm Beach Shores real estate or contact a Coldwell Banker agent to request more information.