940 N Lake Way, Palm Beach, FL 33480
$50,000,000
Property Type:
Land & Docks
Lot Size (sq. ft.):
34,848
Status:
Closed
Current Price:
$50,000,000
List Date:
11/29/2023
Last Modified:
1/11/2026
Description
Opportunity awaits to build your dream home on this expansive 34,848-square-foot lot, offering 128 feet of water frontage and a very high elevation. This prime location not only provides a canvas for your ideal home, but also boasts a deep-water concrete dock, providing the perfect haven for maritime enthusiasts. The dock is thoughtfully designed to accommodate larger vessels over 100 feet, along with multiple smaller vessels. The dock features a substantial 40,000-pound lift for larger boats, and an additional 15,000-pound lift for smaller boats. Experience the epitome of waterfront living with unparalleled views and amenities on this expansive property. Enjoy deeded beach access nestled between Sandpiper and Eden Road and access to the Lake Trail right out your back gate.
More Information MLS# R10939386
Contract Information
Comp Sale YN: No
LP/Acre: 68750000
Listing Contract Date: 2023-11-27
Status: Closed
Original List Price: 59000000
Sold Price: $50,000,000
Current Price: $50,000,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Palm Beach
Postal Zip: 33480
Geographic Area: PB30
Country: United States
Street Number: 940
Street Direction Prefix: N
Street Name: Lake
Street Suffix: Way
State Or Province: FL
Postal Code: 33480
Subdivision Name: Palm Beach
Area: 5001
Parcel Number: 50434310000010052
Zoning: Residsential
General Property Information
Lot Size Dimensions: 128 x 289
Minimum Livable Area: 8503
Frontage Length: 128
LP/SqFt: 1578.28
Property Sub Type: Unimproved Land
Lot Size Acres: 0.8
Lot Size Square Feet: 34848
Waterfront YN: 1
Direction Faces: East
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
SP/Acre: 62500000
Major Change Timestamp: 2024-05-21T20:17:51Z
Major Change Type: Status Change
Price Change Timestamp: 2024-02-02T16:06:39Z
Status Change Date: 2024-05-21
Under Contract Date: 2024-04-01
Close Date: 2024-05-21
Close Price: 50000000
Electric
Three Phase: 1
Short Sale Details
Short Sale Addendum: No
Documents Available
Survey: 1
Current Use
Single Family: 1
Development Status
Recorded Plat: 1
Location of Property
Beach Access: 1
Other: 1
Possession
Close Of Escrow: 1
Possible Use
Single Family: 1
Soil Type
Dirt: 1
Trees
None: 1
Utilities
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Water Available: 1
Vegetation
Grassed: 1
Other: 1
View
City: 1
Water View
Intracoastal: 1
Listing Terms
Cash: 1
Lot Features
Cleared: 1
Road Surface Type
Dirt: 1
Water Source
Public: 1
Waterfront Features
Intracoastal: 1
Boat and Dock Information
Dock: Yes
Boat Max Length: 101
Boat Dock Accommodates: Over 101 Ft Boat
Boat and Dock Features
Lift: 1
Private Dock: 1
Showing Requirements
Call Listing Agent: 1
Text Listing Agent: 1
Contingencies
None: 1
Price Calculations
Original List Price To Close Price: 1.18
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Financial Information
Tax Year: 2023
Tax Annual Amount: 396632
Tax Legal Description: 10-43-43, S 128.5 FT OF N 358.5 FT OF SUB B GOV LT 1 LYG W OF LAKE WAY
Originating Details
Originating System Key: 20231129195644199836000000
Originating System ID: M00000170
Property Features
Current Use: Single Family
Development Status: Recorded Plat
Documents Available: Survey
Electric: Three Phase
Location of Property: Beach Access; Other
Possession: Close Of Escrow
Possible Use: Single Family
Soil Type: Dirt
Trees: None
Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available
Vegetation: Grassed; Other
Boat and Dock Features: Lift; Private Dock
Listing Terms: Cash
Lot Features: Cleared
Road Surface Type: Dirt
Water Source: Public
Water View: Intracoastal
Waterfront Features: Intracoastal
Showing Requirements: Call Listing Agent; Text Listing Agent
Contingencies: None
Acreage Description: 1/2 To Less Than 1 Acre Lot
Documents
Survey ›
Listing Office:
Sotheby's Intl. Realty, Inc.
Last Updated: January - 11 - 2026
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