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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 ARCOM approved plans, 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..
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: RX-11078527
- Updated: 10/3/2025
- Added to Site: 289 day(s) ago
Interior
- Rooms/Areas: Great
- Interior Features: Foyer, Kitchen Island, Stack Bedrooms
- Eating Areas: Dining/Kitchen, Eat-In Kitchen
- Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Electric Range, Refrigerator, Washer, Water Heater - Elec
- Furnishings: Furniture Negotiable, Unfurnished
- Flooring: Other, Tile, Wood Floor
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
- Bedroom/Bathroom: Separate Shower
- Primary Bedroom: 16 x 13.1
Other Rooms
- Living Room: 30 x 21.65
- Kitchen: 13.75 x 17.1
Additional Information
- Shared Amenities: Cabana, Private Beach Pvln
- Pool: Yes
- Private Pool: Yes
- Pool Description: Heated, In-Ground, Spa
- Security/Safety: None
Exterior
- Exterior Features: Cabana, Covered Patio, Open Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: 2+ Spaces, Driveway, Garage - Attached
Location
- Area: 5001, PB30
- County: Palm Beach
- Subdivision: North Shore
- Driving Directions: N Lake Way, Right on Reef Rd
Community
- Home Owners Assn.: None
- Pets Allowed: Yes
- Governing Bodies: None
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Utilities
- Utility Description: Cable, Electric, Public Sewer, Water Available
Structural Information
- Construction: Other
- Square Feet: 2,388
- Sq. Ft. Source: Other
- Year Built: 1950
Lot Features
- Property View: Garden, Pool
- Lot Size (Sq. Ft.): 13,504
- Lot Size: 123.0 ft x 105.0 ft
- Zoning: R-B(ci
- Lot Description: 1/4 to 1/2 Acre, Corner Lot, East of US-1
Water Features
- Water Front Desc.: None
Financial Considerations
- Price Per Sq. Ft.: $4,564.48
- Tax Amount: $108,933
- Tax Year: 2024
- Terms: Cash
Disclosures and Reports
- Special Conditions: Sold As-Is
- Legal Description: NORTH SHORE ADD TO PALM BEACH LT 42
- Restrictions: Buyer Approval, Lease OK
- APN: 50434234080000420
Listed by Douglas Elliman
Get Pre-Approved Today
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 Pitney Bowes 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# RX-11078527) 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.

