740 N Lake Way, Palm Beach, FL 33480 (MLS# R11123937)

740 N Lake Way, Palm Beach, FL 33480

$7,000,000
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 3,294 Lot Size (sq. ft.): 10,890 Status: Closed
Current Price: $7,000,000 List Date: 9/15/2025 Last Modified: 1/13/2026

Overview

Description

Exceptional North End Opportunity! Unlock the potential of this prime 10,882± SF Island parcel, perfectly positioned on a rare coral ridge with an impressive 13+ feet of elevation. Whether you choose to reimagine the existing Regency-style residence or build your dream home, the possibilities are endless. The current layout features soaring ceilings, 3 bedrooms, 3.5 baths, a sparkling pool, new roof, and a whole-house generator—providing an excellent foundation for a stunning transformation. A coveted North End location combines privacy, prestige, and proximity to the best of Palm Beach.

Supplements: DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information sho ...

Listing Details MLS# R11123937

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
3
Bathrooms Total
4
Bathrooms Full
3
Bathrooms Half
Yes
Building Area Main
3294
Building Area Source
Plans
Living Area Main
2993
Year Built
1985
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Gated Community YN
No
Lot Size Area
10882
Lot Size Acres
0.25
Lot Size Dimensions
100.0 ft x 117.0 ft
Senior Community YN
No
Stories Total
Yes
Stories
Yes
Direction Faces
East
Fireplace YN
Yes
Pool Private YN
Yes
Furnished
Unfurnished

Property Features

Electric: Three Phase Flooring: Marble Parking Features: Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Washer Construction Materials: CBS Cooling: Central Building Heating: Central Laundry Features: Inside Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Tax Information: City/County; No Homestead Utilities: Natural Gas Available Water Access: None Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany Contingencies: None Room Types: Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2025-09-15
Original List Price
7950000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
740
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
RAFALSKY MARK
Area
5001
Geographic Area
PB30
Special Assessment YN
No
Parcel Number
50434310040001161
Zoning
R-B(ci

Financial Information

Association Deposit YN
No
Membership Fee Required YN
No
Tax Annual Amount
108912
Tax Year
2024
Tax Legal Description
MARK RAFALSKY TR NLY 100 FT OF ELY 117 FT OF LT 116 AS IN OR5176P1982

Status Change Information

Major Change Timestamp
2025-10-08T19:00:52Z
Major Change Type
Status Change
Status Change Date
2025-10-08
Under Contract Date
2025-09-29
Close Date
2025-10-08
Close Price
7000000
Buyer Financing
Cash

More Information

Short Sale Details

Short Sale Addendum
No

Main Level Rooms

Main Level Bathrooms
4
Main Level Bedrooms
3

Storm Protection

Accordian Shutters
Partial
Permanent Generator
Whole House

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
2338.79
Original List Price To Close Price
1.13

Originating Details

Originating System Key
20250825053625025989000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Amenities

None
Yes

Electric

Three Phase
Yes

Flooring

Marble
Yes

Parking Features

Attached Garage
Yes
Garage
Yes

Property Condition

Resale
Yes

Possession

Close Of Escrow
Yes

Utilities

Natural Gas Available
Yes

Heating

Central
Yes

Water Access

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Washer
Yes

Construction Materials

CBS
Yes

Laundry Features

Inside
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Cooling

Central Building
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes

Master Bedroom/Bath

Dual Sinks
Yes

Pets Allowed YN

Yes
Yes

Pets Allowed

No Restrictions
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes
No Homestead
Yes

Contingencies

None
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes

Room Information

Living Room Length: 23.00 Length: 23.00 Width: 15.00 Width: 15.00 Level: Main Kitchen Length: 14.00 Length: 14.00 Width: 13.00 Width: 13.00 Level: Main Master Bedroom Length: 17.00 Length: 17.00 Width: 14.00 Width: 14.00 Level: Main Laundry

Documents

Listing Office: Premier Estate Properties, Inc
IDX
Last Updated: January - 13 - 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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