Price Reduction - Waterfront
Address
940 N Lake Way, Palm Beach, FL
Price
$ 55,000,000
Property Attributes
  • MLS#RX-10939386
  • TypeLand
  • CountyPALM BEACH
  • CityPalm Beach
  • Area5001
  • NeighborhoodPalm Beach
  • Zip33480
  • StyleSingle Family
  • Taxes$ 396632
  • Price$ 55,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Beaches MLS
Property 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.

Price History
11/30/2023 Listed $59,000,000
2/2/2024 7% - $55,000,000

General Features

Zoning Residsential
HOA None
Status Active
REO No
Subdivision Palm Beach
Style Single Family
View City,Intracoastal
Type Single Family Detached
Property Type C
Area 5001
Auction No
Tax Year 2023
Terms Considered Cash
Short Sale No
Water Frontage 128
Taxes 396632.00
Geo Lat 26.747419
Utilities Available Cable,Electric,Gas,Public Water,Trash Removal
Virtual Tour https://www.propertypanorama.com/940-N-Lake-Way-Palm-Beach-FL-33480/unbranded
Geo Area PB30
Geo Lon -80.041294
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

Exterior Features

Lot Description 1/2 to < 1 Acre
Improvements Cleared
Waterfront Yes
Waterfront Intracoastal
Soil Type Dirt
Roads Dirt
Trees None
Lot Dimensions 128 x 289
Ground Cover Grassed,Other
Boat Services Lift,Over 101 Ft Boat,Private Dock

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 33480

Price
AVG $41.93M
$55M
Taxes
AVG $180,231
$396,632
Visits
AVG 281
202
Data Provided by Inside Real Estate®
Walkscore
AVG 31
9
Data Provided by Walkscore® not using MLS data

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