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$10,900,000
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Property 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!
Full Property Details
Full Property Details for 1421 N Lake Wy
General
- Price: $10,900,000
- Taxes: $108,933 (2024)
- Status: Active
- Type: Single Family
- Source: Regional
- MLS ID: R11078527
- Updated: 3/13/2026
- Added to Site: 362 day(s) ago
Interior
- Interior Features: Entrance Foyer, Eat-in Kitchen, Kitchen/Dining Combo, Separate Shower, Stacked Bedrooms
- Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Free-Standing Freezer, Disposal, Microwave, Refrigerator, Water Heater, Washer
- Furnishings: Unfurnished
- Flooring: Other, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Main Floor Baths: 3
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main: 4
Additional Information
- Shared Amenities: Beach Rights, Cabana
- Pool: Yes
- Private Pool: Yes
- Pool Description: Heated, In Ground
- Spa: Yes
- Spa Description: Above Ground
- Security/Safety: None
Exterior
- Exterior Features: Outdoor Living Area
- Porch/Patio/Deck: Covered, Patio
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Attached, Garage
Location
- County: Palm Beach
- Subdivision: NORTH SHORE
- Driving Directions: N Lake Way, Right on Reef Rd
- Direction Faces: West
School Information
- Elementary School: Palm Beach Public
- High School: Palm Beach Lakes
Community
- Community Name: 5001
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Cable Available: Yes
- Utility Description: Cable Available, Sewer Available, Water Available
Structural Information
- Construction: Other
- Stories/Levels: 1
- Building Size: 3186
- Square Feet: 2,388
- Living Area: 2,388 Sq. Ft.
- Year Built: 1950
- Property Condition: Resale
Additional Structures
- Other Structures: Cabana
Lot Features
- Property View: Garden, Pool
- Lot Size (Acres): 0.31
- Lot Size (Sq. Ft.): 13,503.6
- Lot Dimensions: 123.0 ft x 105.0 ft
- Lot Features: Corner Lot, 1/4 to 1/2 Acre Lot
- Zoning: R-B(ci
Water Features
- Water Front View: None
Financial Considerations
- Tax Amount: $108,933
- Tax Year: 2024
- Terms: Cash
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: NORTH SHORE ADD TO PALM BEACH LT 42
- Property ID: 50434234080000420
Listed by Douglas Elliman
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Schools
Schools serving 1421 N Lake Wy
School District:Palm Beach County School District
| Name | Grades | Distance |
|---|---|---|
Palm Beach Public School 239 Cocoanut Row, Palm Beach, FL 33480 | K-5 | 4 mi |
Conniston Middle School 3630 Parker Avenue, West Palm Beach, FL 33405 | 6-8 | 6.1 mi |
Palm Beach Lakes High School 3505 Shiloh Drive, West Palm Beach, FL 33407 | 9-12 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1421 N Lake Wy
Date
Details
Price
Change
Source
4/18/2025
Price Reduced
$10,900,000
-8.4%
MLS
4/04/2025
Listed
$11,900,000
50.92%
MLS
2/18/2022
Sold
$7,885,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1421 N Lake Wy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$108,772
-1%
$7,219,529
-5%
2024
$109,815
13%
$7,639,564
19%
2023
$97,292
75%
$6,395,232
48%
2022
$55,610
25%
$4,325,439
63%
2021
$44,311
—
$2,647,176
8%
2021
$44,311
14%
$2,455,726
10%
2019
$39,037
6%
$2,237,974
4%
2018
$36,903
3%
$2,144,168
10%
2017
$35,894
5%
$1,949,244
10%
2016
$34,275
8%
$1,772,040
10%
2015
$31,875
11%
$1,610,945
10%
2014
$28,800
17%
$1,464,495
10%
2013
$24,657
—
$1,331,359
—
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 1421 N Lake Wy
1421 N Lake Way, Palm Beach, FL 33480 (MLS# R11078527) is a Single Family property with 4 bedrooms and 3 full bathrooms. 1421 N Lake Way is currently listed for $10,900,000 and was received on April 04, 2025. Want to learn more about 1421 N Lake Way? Do you have questions about finding other Single Family real estate for sale in Palm Beach? You can browse all Palm Beach real estate or contact a Coldwell Banker agent to request more information.

