1197 N Lake Way, Palm Beach, FL 33480
$17,100,000
Property Type:
Residential
Bedrooms:
6
Baths:
11
Square Footage:
14,310
Status:
Closed
Current Price:
$17,100,000
List Date:
1/18/2018
Last Modified:
1/12/2026
Description
Built in 2003 to the highest standards, this impressive lakefront estate is characterized by high ceilings, deep overhangs, large porches, and numerous windows taking in spectacular Intracoastal Waterway and sunset views. Perfect for entertaining, the grand two-story living room has a soaring gabled ceiling with wooden beams and elegant details.
Supplements: Expansive second-floor windows flood the room with natural light. The home is designed for an indoor-outdoor lifestyle, with the main living spaces flowing out to porches with relaxing sitting areas overlooking 165 ft. of lntracoastal frontage, beautifully landscaped grounds, and the sumptuous pool. Boasting 9,878 sq ft of interior space, the house has five bedrooms, seven full baths and four half baths, separate staff quarters, and a spacious two-car garage. A deep-water dock can accommodate a boat of up to 100 ft., and there is also deeded access to the oceanfront beach cabana at Mockingbird Trail, making the most of this exquisite location.
More Information MLS# R10397823
Contract Information
Comp Sale YN: No
Listing Contract Date: 2018-01-15
Status: Closed
Original List Price: 24000000
Sold Price: $17,100,000
Current Price: $17,100,000
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: 1197
Street Direction Prefix: N
Street Name: Lake
Street Suffix: Way
State Or Province: FL
Postal Code: 33480
Subdivision Name: MOCKING BIRD TRAIL TRACT
Area: 5001
Parcel Number: 50434303090000020
Zoning: RB
Directions: Turn left onto S County Rd
Continue straight onto N County Rd
Turn left onto Country Club Rd
Continue onto N Lake Way to 1197
General Property Information
Living Area Main: 9878
Senior Community YN: No
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Pool Private YN: Yes
Property Sub Type: Single Family Residence
Bedrooms Total: 6
Bathrooms Total: 11
Bathrooms Full: 7
Bathrooms Half: 4
Building Area Main: 14310
Building Area Source: Plans
Year Built: 2003
Garage YN: 1
Attached Garage YN: 1
Garage Spaces: 2
Covered Spaces: 2
Frontage Length: 165
Waterfront YN: 1
Direction Faces: West
Financial Information
Membership Fee Required YN: No
Tax Annual Amount: 185448
Tax Year: 2017
Tax Legal Description: MOCKING BIRD TRAIL TRACT LTS 2 & 6 & LTS 3 & 7 (LESS S 115 FT)
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2019-10-22T13:41:12Z
Major Change Type: Status Change
Price Change Timestamp: 2019-04-05T20:38:38Z
Status Change Date: 2019-10-22
Under Contract Date: 2019-09-30
Close Date: 2019-10-21
Close Price: 17100000
Amenities
None: 1
Electric
Three Phase: 1
Flooring
Wood: 1
Parking Features
Attached Garage: 1
Garage: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Sewer Available: 1
Water Available: 1
Heating
Central: 1
Appliances
Dishwasher: 1
Dryer: 1
Refrigerator: 1
Washer: 1
Construction Materials
CBS: 1
Interior Features
High Ceilings: 1
Listing Terms
Cash: 1
Water Source
Public: 1
Waterfront Features
Intracoastal: 1
Boat and Dock Information
Dock Details: yes
Cooling
Central Air: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Master Bedroom/Bath
2 Master Baths: 1
Separate Tub: 1
Pets Allowed YN
Yes: 1
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Contingencies
Other: 1
Room Types
Great Room: 1
Kitchen: 1
Kitchen Level: First
Living Room: 1
Living Room Level: First
Maid/In-Law Quarters: 1
Master Bedroom: 1
Master Bedroom Level: Second
Price Calculations
Current Price To SqFt: 1731.11
Original List Price To Close Price: 1.4
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Originating Details
Originating System Key: 20180117204732311182000000
Originating System ID: M00000170
Property Features
Electric: Three Phase
Flooring: Wood
Parking Features: Attached Garage; Garage
Property Condition: Resale
Appliances: Dishwasher; Dryer; Refrigerator; Washer
Construction Materials: CBS
Cooling: Central Air
Heating: Central
Interior Features: High Ceilings
Listing Terms: Cash
Pets Allowed YN: Yes
Possession: Close Of Escrow
Restrictions: No Restrictions
Sewer: Public Sewer
Tax Information: City/County
Utilities: Sewer Available; Water Available
Water Source: Public
Waterfront Features: Intracoastal
Showing Requirements: 24 Hour Notice; Call Listing Agent; Listing Agent Must Accompany
Contingencies: Other
Room Types: Great Room; Kitchen; Living Room; Maid/In-Law Quarters; Master Bedroom
Acreage Description: 1/2 To Less Than 1 Acre Lot
Room Information
Living Room
Length: 38.30
Length: 38.30
Width: 19.10
Width: 19.10
Level: First
Kitchen
Length: 35.40
Length: 35.40
Width: 14.50
Width: 14.50
Level: First
Master Bedroom
Length: 21.30
Length: 21.30
Width: 19.30
Width: 19.30
Level: Second
Great Room
Maid/In-Law Quarters
Listing Office:
Brown Harris Stevens of PB
Last Updated: January - 12 - 2026
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