1040 N Lake Way, Palm Beach, FL 33480
$24,000,000
Property Type:
Residential
Bedrooms:
5
Baths:
8
Square Footage:
6,687
Lot Size (sq. ft.):
19,602
Status:
Closed
Current Price:
$24,000,000
List Date:
1/25/2021
Last Modified:
1/13/2026
More Information MLS# R10687149
Contract Information
Comp Sale YN: No
Listing Contract Date: 2021-01-25
Status: Closed
Original List Price: 24950000
Sold Price: $24,000,000
Current Price: $24,000,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Palm Beach
Postal Zip: 33480
Geographic Area: PB30
Special Assessment YN: No
Street Number: 1040
Street Direction Prefix: N
Street Name: Lake
Street Suffix: Way
State Or Province: FL
Postal Code: 33480
Subdivision Name: CORAL EST
Area: 5001
Parcel Number: 50434303180000151
Zoning: R-B(ci
Directions: North Lake Way to 1040 North Lake Way. Home on West side of street.
General Property Information
Living Area Main: 5057
Lot Size Dimensions: 101.0 ft x 183.0 ft
Gated Community YN: No
Lot Size Area: 19417
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Pool Private YN: Yes
Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 8
Bathrooms Full: 6
Bathrooms Half: 2
Building Area Main: 6687
Building Area Source: Public Records
Year Built: 1954
Garage YN: 1
Garage Spaces: 2
Covered Spaces: 2
Lot Size Acres: 0.45
Waterfront YN: 1
Direction Faces: East
Financial Information
Association Deposit YN: No
Membership Fee Required YN: No
Tax Annual Amount: 156961
Tax Year: 2020
Tax Legal Description: CORAL ESTATES S 100 FT OF LOTS 15 & 16 & UND 1/15 INT IN LOTS 1-A & 15-A
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2021-05-03T14:15:45Z
Major Change Type: Status Change
Status Change Date: 2021-05-03
Under Contract Date: 2021-02-05
Close Date: 2021-04-05
Close Price: 24000000
Amenities
None: 1
Electric
Three Phase: 1
Entry Information
Entry Location: Entry Level Living Area Y
Flooring
Carpet: 1
Marble: 1
Wood: 1
Other: 1
Parking Features
Garage: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Fencing
Fenced: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Sewer Available: 1
Water Available: 1
Heating
Central: 1
Zoned: 1
Appliances
Dryer: 1
Electric Range: 1
Free-Standing Freezer: 1
Refrigerator: 1
Washer: 1
Construction Materials
CBS: 1
Interior Features
Bar: 1
Walk-In Closet(s): 1
Wet Bar: 1
Laundry Features
Inside: 1
Laundry Closet: 1
Listing Terms
Cash: 1
Water Source
Public: 1
Waterfront Features
Intracoastal: 1
Boat and Dock Information
Dock: Yes
Boat and Dock Features
Private Dock: 1
Cooling
Central Air: 1
Zoned: 1
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
Main Level Rooms
Main Level Bathrooms: 3
Main Level Bedrooms: 3
Master Bedroom/Bath
2 Master Baths: 1
Master Bdrm - Ground: 1
Pets Allowed YN
Yes: 1
Restrictions
No Restrictions: 1
Storm Protection
Impact Glass: Partial
Tax Information
City/County: 1
No Homestead: 1
Showing Details
Pet(s) on Premises: Yes
Outdoor Living Spaces
Patio: 1
Patio Details
Patio - Covered: 1
Contingencies
None: 1
Room Types
Kitchen: 1
Kitchen Level: Main
Laundry: 1
Living Room: 1
Living Room Level: Main
Master Bedroom: 1
Master Bedroom Level: Main
Media Room: 1
Concessions
Seller Concessions: No
Contributions
Buyer Contributions: No
Price Calculations
Current Price To SqFt: 4745.89
Original List Price To Close Price: 1.03
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Originating Details
Originating System Key: 20210125154736753206000000
Originating System ID: M00000170
Property Features
Electric: Three Phase
Flooring: Carpet; Marble; Wood; Other
Parking Features: Garage
Property Condition: Resale
Appliances: Dryer; Electric Range; Free-Standing Freezer; Refrigerator; Washer
Boat and Dock Features: Private Dock
Construction Materials: CBS
Cooling: Central Air; Zoned
Fencing: Fenced
Heating: Central; Zoned
Interior Features: Bar; Walk-In Closet(s); Wet Bar
Laundry Features: Inside; Laundry Closet
Listing Terms: Cash
Pets Allowed YN: Yes
Possession: Close Of Escrow
Restrictions: No Restrictions
Sewer: Public Sewer
Tax Information: City/County; No Homestead
Utilities: Cable Available; Sewer Available; Water Available
Water Source: Public
Waterfront Features: Intracoastal
Showing Requirements: Appointment Only; Call Listing Office
Outdoor Living Spaces: Patio
Patio Details: Patio - Covered
Contingencies: None
Room Types: Kitchen; Laundry; Living Room; Master Bedroom; Media Room
Acreage Description: 1/4 To Less Than 1/2 Acre Lot
Room Information
Living Room
Length: 26.00
Length: 26.00
Width: 15.00
Width: 15.00
Level: Main
Kitchen
Length: 19.00
Length: 19.00
Width: 14.00
Width: 14.00
Level: Main
Master Bedroom
Length: 25.00
Length: 25.00
Width: 17.00
Width: 17.00
Level: Main
Laundry
Media Room
Listing Office:
Lawrence A. Moens Associates
Last Updated: January - 13 - 2026
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