1221 N Lake Way, Palm Beach, FL 33480

$14,300,000
Property Type: Residential Bedrooms: 6 Baths: 7 Square Footage: 6,040 Lot Size (sq. ft.): 14,810 Status: Closed
Current Price: $14,300,000 List Date: 2/26/2021 Last Modified: 1/10/2026

Description

PALM BEACH LAKEFRONT. Expertly renovated by Todd Michael Glaser. ''Nautical Mansion'' originally designed by Belford Shoumate, a beloved architect of Modernism on Palm Beach. Newly re-imagined & expanded: 6,040 SqFt with 6 BR, 6.5 BA, pool, deep water dock & deeded beach access. A truly rare lakefront offering at $14.9MM. 65' of Intracoastal frontage affording lovely views & amazing sunsets. 7.0 NAVD (8.5 NGVD). 14,600+SqFt Lot

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 and statistics are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. The listing company's marketplace is all of the following: Vero Beach, Town of Orchid, Indian River Shores, Town of Palm Beach, West Palm Beach, Manalapan Beach, Point Manalapan, Hypoluxo Island, Ocean Ridge, Gulf Stream, Delray Beach, Highland Beach, Boca Raton, East Deerfield Beach, Hillsboro Beach, Hillsboro Shores, East Pompano Beach, Lighthouse Point, Sea Ranch Lakes and Fort Lauderdale. Cooperating brokers are advised that in the event of a Buyer default, no commission will be paid to a cooperating Broker on the Deposits retained by the Seller. No commissions are paid to any cooperating broker until title passes or upon actual commencement of a lease. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Copyright 2021 by the listing company. All Rights Reserved.

More Information MLS# R10669777

Contract Information

Comp Sale YN: No Listing Contract Date: 2020-11-09 Status: Closed Original List Price: 13900000 Sold Price: $14,300,000 Current Price: $14,300,000

Location and Legal

County Or Parish: Palm Beach County Parish Name: Palm Beach City Name: Palm Beach Postal Zip: 33480 Geographic Area: PB30 Special Assessment YN: No Street Number: 1221 Street Direction Prefix: N Street Name: Lake Street Suffix: Way State Or Province: FL Postal Code: 33480 Subdivision Name: MOCKINGBIRD TRAIL TRACT Area: 5001 Parcel Number: 50434303090000011 Zoning: R-B(ci Directions: Call Listing Office

General Property Information

Living Area Main: 4848 Gated Community YN: No Lot Size Area: 14634 Senior Community YN: No Outdoor Living Spaces YN: Yes Furnished: Unfurnished Stories Total: 2 Stories: 2 Fireplace YN: Yes Pool Private YN: Yes Property Sub Type: Single Family Residence Bedrooms Total: 6 Bathrooms Total: 7 Bathrooms Full: 6 Bathrooms Half: 1 Building Area Main: 6040 Building Area Source: Builder Year Built: 1940 Garage YN: 1 Attached Garage YN: 1 Garage Spaces: 2 Covered Spaces: 2 Lot Size Acres: 0.34 Frontage Length: 65 Waterfront YN: 1 Direction Faces: West

Financial Information

Association Deposit YN: No Membership Fee Required YN: No Tax Annual Amount: 103104 Tax Year: 2020 Tax Legal Description: MOCKING BIRD TRAIL TRACT S 65 FT OF LTS 1 & 5

Office/Member Information

DXORIGMLSID: RML

Status Change Information

Buyer Financing: Cash Major Change Timestamp: 2021-04-21T19:26:32Z Major Change Type: Status Change Price Change Timestamp: 2021-02-13T14:24:21Z Status Change Date: 2021-04-21 Under Contract Date: 2021-02-26 Close Date: 2021-04-19 Close Price: 14300000

Application Fee Details

Application Fee: 0

Amenities

None: 1

Flooring

Terrazzo: 1 Wood: 1

Parking Features

Attached Garage: 1 Garage: 1

Property Condition

Resale: 1

Short Sale Details

Short Sale Addendum: No

Possession

Close Of Escrow: 1

Utilities

None: 1

View

Pool: 1

Heating

Central: 1

Water Access

No Fixed Bridge: 1 Ocean Access: 1

Water View

Intracoastal: 1

Appliances

Dishwasher: 1 Dryer: 1 Free-Standing Freezer: 1 Refrigerator: 1 Washer: 1

Construction Materials

CBS: 1

Interior Features

Elevator: 1 Entrance Foyer: 1 Pantry: 1 Upstairs Living Area: 1 Walk-In Closet(s): 1

Listing Terms

Cash: 1 Conventional: 1

Roof

Tar/Gravel: 1

Security Features

Security System Owned: 1

Waterfront Features

Intracoastal: 1 Navigable Water: 1 Seawall: 1 No Fixed Bridges: 1

Boat and Dock Information

Dock: Yes Dock Details: Yes

Boat and Dock Features

Private Dock: 1

Cooling

Central Air: 1

Showing Requirements

Call Listing Agent: 1

Main Level Rooms

Main Level Bathrooms: 3 Main Level Bedrooms: 3

Master Bedroom/Bath

Master Bdrm - Upstairs: 1 Separate Shower: 1

Pets Allowed YN

Yes: 1

Pet Details

Pet Fee: 0

Restrictions

Other Restrictions: 1

Storm Protection

Impact Glass: Complete

Tax Information

City/County: 1

Showing Details

Pet(s) on Premises: Yes

Outdoor Living Spaces

Balcony: 1 Patio: 1

Balcony Details

Balcony - Covered: 1

Patio Details

Patio - Open: 1

Contingencies

None: 1

Room Types

Dining Room: 1 Dining Room Level: Main Family Room: 1 Family Room Level: Main Kitchen: 1 Kitchen Level: Main Living Room: 1 Living Room Level: Main Master Bedroom: 1 Master Bedroom Level: Second

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Price Calculations

Current Price To SqFt: 2949.66 Original List Price To Close Price: 0.97

Acreage Description

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

Originating Details

Originating System Key: 20201104211631279557000000 Originating System ID: M00000170

Property Features

Flooring: Terrazzo; Wood Parking Features: Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Free-Standing Freezer; Refrigerator; Washer Boat and Dock Features: Private Dock Construction Materials: CBS Cooling: Central Air Heating: Central Interior Features: Elevator; Entrance Foyer; Pantry; Upstairs Living Area; Walk-In Closet(s) Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Close Of Escrow Restrictions: Other Restrictions Roof: Tar/Gravel Security Features: Security System Owned Tax Information: City/County Utilities: None View: Pool Water Access: No Fixed Bridge; Ocean Access Water View: Intracoastal Waterfront Features: Intracoastal; Navigable Water; Seawall; No Fixed Bridges Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Covered Patio Details: Patio - Open Contingencies: None Room Types: Dining Room; Family Room; Kitchen; Living Room; Master Bedroom Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Room Information

Living Room Length: 29.00 Length: 29.00 Width: 17.40 Width: 17.40 Level: Main Kitchen Length: 19.40 Length: 19.40 Width: 13.00 Width: 13.00 Level: Main Master Bedroom Length: 16.50 Length: 16.50 Width: 12.00 Width: 12.00 Level: Second Family Room Length: 35.00 Length: 35.00 Width: 12.40 Width: 12.40 Level: Main Dining Room Length: 15.40 Length: 15.40 Width: 12.90 Width: 12.90 Level: Main
Listing Office: The Corcoran Group
IDX
Last Updated: January - 10 - 2026
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