1221 N Lake Way, Palm Beach, FL 33480 (MLS# R10207558)

1221 N Lake Way, Palm Beach, FL 33480

$5,900,000

Corcoran Real Estate: 1221 N Lake Way Palm Beach FL 33480 from KF Media on Vimeo.

Virtual Tour

https://vimeo.com/156052596

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 5,645 Lot Size (sq. ft.): 13,068 Status: Closed

Current Price: $5,900,000 List Date: 2/12/2016 Last Modified: 1/12/2026

Overview

Description

1221 North Lake Way was built in 1940 and designed by Belford Shoumate who was the most popular architect of Modernism on the island of Palm Beach. Designed as a 6,000 SF ‘Nautical Mansion’ the ‘Fore and Aft House’ was featured in the 1939 World’s Fair as one of the Houses of Tomorrow. That fair had a lasting influence on American Architecture. Following Art Deco, the International Style of Architecture grew out of a fascination with industrial design and speed, particularly, automobiles, trains, boats and planes. The southern elevation of the 1221 has concrete porthole columns that repeat along the windowed curtain wall and the upper decks feature steamship railings. The extreme right of the house (eastern elevation) has a 2-car Y shaped garage with 2 exits.

Supplements: The Extreme left side (west) features the musical-key note pool overlooking the Intracoastal view, thus The Fore and Aft house. The house sits on 65 feet of Intracoastal frontage offering stunning views and amazing sunsets as well as a deep-water dock. The nautical-like design has the effect of a boat, sitting on the lot overlooking the Intracoa ... (Read more)

Listing Details MLS# R10207558

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 5
Bathrooms Full: 5
Building Area Main: 5645
Building Area Source: Public Records
Living Area Main: 3090
Year Built: 1940
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Lot Size Area: 12882
Lot Size Acres: 0.3
Lot Size Dimensions: 65.0 ft x 189.0 ft
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: 2
Direction Faces: West
Pool Private YN: Yes
Furnished: Unfurnished

Property Features

Flooring: Terrazzo; Wood Parking Features: Circular Driveway; Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Gas Range; Refrigerator; Washer Architectural Style: Colonial Construction Materials: CBS Cooling: Central Air Heating: Central Interior Features: None Levels: Multi/Split Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pool Features: Free Form; In Ground Possession: Close Of Escrow Restrictions: Other Restrictions Road Frontage Type: East of US-1 Security Features: Security System Owned Sewer: Public Sewer Tax Information: City/County Utilities: Sewer Available; Water Available View: Pool Water Access: No Fixed Bridge; Ocean Access Water Source: Public Water View: Intracoastal Waterfront Features: Intracoastal; Navigable Water; No Fixed Bridges Window Features: Casement; Double Hung Metal; Sliding Showing Requirements: Call Listing Agent; Listing Agent Must Accompany Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Covered Patio Details: Patio - Open Contingencies: None Room Types: Kitchen; Living Room; Master Bedroom Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Listing Contract Date: 2016-02-12
Original List Price: 9750000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1221
Street Direction Prefix: N
Street Name: Lake
Street Suffix: Way
City Name: Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: MOCKINGBIRD TRAIL TRACT
Area: 5002
Geographic Area: PB30
Special Assessment YN: No
Parcel Number: 50434303090000011
Zoning: RB
Directions: On N Lake Way, directly on Intracoastal, at corner of Mockingbird

Financial Information

Membership Fee Required YN: No
Tax Annual Amount: 76103.6
Tax Year: 2015
Tax Legal Description: MOCKING BIRD TRAIL TRACT S 65 FT OF LTS 1 & 5

Status Change Information

Major Change Timestamp: 2017-08-08T19:31:42Z
Major Change Type: Status Change
Price Change Timestamp: 2017-03-20T13:33:34Z
Status Change Date: 2017-08-08
Under Contract Date: 2017-06-06
Close Date: 2017-08-08
Close Price: 5900000
Buyer Financing: Conventional

More Information

Short Sale Details

Short Sale Addendum: No

Room Types

Kitchen Level: First
Living Room Level: First
Master Bedroom Level: First
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Price Calculations

Current Price To SqFt: 1909.38
Original List Price To Close Price: 1.65

Originating Details

Originating System Key: 20160212193024233689000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Amenities

None: Yes

Flooring

Terrazzo: Yes
Wood: Yes

Parking Features

Circular Driveway: Yes
Attached Garage: Yes
Garage: Yes

Property Condition

Resale: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Sewer Available: Yes
Water Available: Yes

View

Pool: Yes

Heating

Central: Yes

Water Access

No Fixed Bridge: Yes
Ocean Access: Yes

Water View

Intracoastal: Yes

Window Features

Casement: Yes
Double Hung Metal: Yes
Sliding: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Gas Range: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes

Interior Features

None: Yes

Levels

Multi/Split: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Pool Features

Free Form: Yes
In Ground: Yes

Road Frontage Type

East of US-1: Yes

Security Features

Security System Owned: Yes

Water Source

Public: Yes

Waterfront Features

Intracoastal: Yes
Navigable Water: Yes
No Fixed Bridges: Yes

Architectural Style

Colonial: Yes

Cooling

Central Air: Yes

Showing Requirements

Call Listing Agent: Yes
Listing Agent Must Accompany: Yes

Master Bedroom/Bath

Separate Shower: Yes
Separate Tub: Yes

Pets Allowed YN

Yes: Yes

Restrictions

Other Restrictions: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Balcony: Yes
Patio: Yes

Balcony Details

Balcony - Covered: Yes

Patio Details

Patio - Open: Yes

Contingencies

None: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes

Room Information

Living Room Length: 20.00 Length: 20.00 Width: 15.00 Width: 15.00 Level: First Kitchen Length: 10.00 Length: 10.00 Width: 8.00 Width: 8.00 Level: First Master Bedroom Length: 15.00 Length: 15.00 Width: 20.00 Width: 20.00 Level: First

Listing Office: Douglas Elliman

Last Updated: January - 12 - 2026

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