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515 N Lake Way, Palm Beach, FL 33480 (MLS# R10773875)

515 N Lake Way, Palm Beach, FL 33480

$7,773,650
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 3,851 Status: Closed
Current Price: $7,773,650 List Date: 2/01/2022 Last Modified: 1/10/2026

Overview

Description

This elegant 4BR/4.5BTH residence has classical details and is signature of the Palm Beach Regency style so coveted by many and designed by noted architect Ames Bennett. Among its many features, this home has beautifully scaled rooms and high ceilings, hard wood and marble floors. The home was extensively renovated in 2020 with no detail or expense overlooked. The renovation included the replacement of the complete electrical and plumbing systems; the installation of new dual zone A/C systems; a new kitchen with custom cabinetry, top-of the line appliances and quartz countertops; new bathrooms with custom cabinetry, natural stones and Waterworks fixtures; new hurricane sliders, as well as a whole house generator. The home also features a 2-car a garage, an awning covered patio and soon

Supplements: To be sold As Is. All sizes approximate and subject to errors and verification.

Listing Details MLS# R10773875

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
4
Bathrooms Total
5
Bathrooms Full
4
Bathrooms Half
Yes
Building Area Main
3851
Building Area Source
Other
Living Area Main
3023
Year Built
1963
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Gated Community YN
No
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Stories
Yes
Direction Faces
North
Pool Private YN
No
Furnished
Unfurnished

Property Features

Electric: Three Phase Exterior Features: Awning(s) Flooring: Marble; Parquet; Other Parking Features: Garage Door Opener; Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Free-Standing Freezer; Gas Range; Microwave; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Architectural Style: Other Construction Materials: CBS Cooling: Central Air; Zoned Fencing: Fenced Heating: Central; Zoned Interior Features: Built-in Features; Walk-In Closet(s) Laundry Features: Inside Listing Terms: Cash Pets Allowed YN: Yes Possession: Close Of Escrow Restrictions: No Restrictions Roof: Tar/Gravel Security Features: Security Lights; Security System Owned; Smoke Detector(s) Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Tax Information: City/County Utilities: Cable Available; Natural Gas Available; Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Occupied; See Remarks Occupant Details: Owner Occupied Outdoor Living Spaces: Patio Contingencies: None Room Types: Kitchen; Laundry; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Listing Contract Date
2022-02-01
Original List Price
8475000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
515
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
Tropic Isle
Area
5001
Geographic Area
PB30
Special Assessment YN
No
Parcel Number
50434314010000050
Zoning
R-B
Directions
North Lake Way to Tangier Road

Financial Information

Association Deposit YN
No
Membership Fee Required YN
No
Tax Annual Amount
37328
Tax Year
2021
Tax Legal Description
TANGIER ESTATES LT 5/LESS W 30 FT RD R/W/

Status Change Information

Major Change Timestamp
2022-06-13T14:32:32Z
Major Change Type
Status Change
Status Change Date
2022-06-13
Under Contract Date
2022-02-22
Close Date
2022-06-13
Close Price
7773650
Buyer Financing
Conventional

More Information

Entry Information

Entry Location
Entry Level Living Area Y

Short Sale Details

Short Sale Addendum
No

Main Level Rooms

Main Level Bathrooms
4
Main Level Bedrooms
4

Storm Protection

Electric/Power Shutters
Partial
Impact Glass
Partial
Other Protection
Complete

Showing Details

Pet(s) on Premises
No

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main
Kitchen
Yes
Laundry
Yes
Living Room
Yes
Master Bedroom
Yes

Price Calculations

Current Price To SqFt
2571.5
Original List Price To Close Price
1.09

Originating Details

Originating System Key
20220131182757110206000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Amenities

None
Yes

Electric

Three Phase
Yes

Exterior Features

Awning(s)
Yes

Flooring

Marble
Yes
Parquet
Yes
Other
Yes

Parking Features

Garage Door Opener
Yes
Attached Garage
Yes
Garage
Yes

Property Condition

Resale
Yes

Fencing

Fenced
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Special Information

Sold As-Is
Yes

Utilities

Cable Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes
Water Available
Yes

Heating

Central
Yes
Zoned
Yes

Sprinkler Description

Auto Sprinkler
Yes

Water Access

None
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Free-Standing Freezer
Yes
Gas Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes
Water Heater
Yes

Construction Materials

CBS
Yes

Interior Features

Built-in Features
Yes
Walk-In Closet(s)
Yes

Laundry Features

Inside
Yes

Listing Terms

Cash
Yes

Roof

Tar/Gravel
Yes

Security Features

Security Lights
Yes
Security System Owned
Yes
Smoke Detector(s)
Yes

Water Source

Public
Yes

Water Heater Details

Electric Water Heater
Yes

Architectural Style

Other
Yes

Cooling

Central Air
Yes
Zoned
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes
Occupied
Yes
See Remarks
Yes

Master Bedroom/Bath

Dual Sinks
Yes

Pets Allowed YN

Yes
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes

Occupant Details

Owner Occupied
Yes

Outdoor Living Spaces

Patio
Yes

Contingencies

None
Yes

Room Information

Living Room Length: 1.00 Length: 1.00 Width: 1.00 Width: 1.00 Level: Main Kitchen Length: 1.00 Length: 1.00 Width: 1.00 Width: 1.00 Level: Main Master Bedroom Length: 1.00 Length: 1.00 Width: 1.00 Width: 1.00 Level: Main Laundry
Listing Office: Sotheby's Intl. Realty, Inc.
IDX
Last Updated: January - 10 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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