206 Lake Drive, Palm Beach Shores, FL 33404

$7,000,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,318 Lot Size (sq. ft.): 18,295 Status: Pending
Current Price: $7,000,000 List Date: 3/03/2026 Last Modified: 3/11/2026

Overview

Description

Exceptional waterfront development opportunity in the Town of Palm Beach Shores. Spanning approximately 0.42 acres along the Intracoastal Waterway, this property offers direct access to the Atlantic Ocean within minutes and no fixed bridges. Positioned across from Peanut Island and just north of the Palm Beach Inlet, the location provides outstanding boating convenience and wide water views. Zoned C, the parcel allows for multiple potential uses including single-family, multi-family, or hospitality (subject to town approvals). The property features approximately 75 ft of waterfront with an existing 99 ft dock and is located in an area experiencing continued coastal enhancement and investment. Palm Beach Shores is a unique seaside municipality situated on the southern tip of Singer Island

Supplements: bordered by the Atlantic Ocean, Lake Worth Lagoon, and the Palm Beach Inlet. Residents enjoy walkable access to the beach, a community pavilion, local parks, and nearby marinas. Close to waterfront dining, shopping, golf courses, and Palm Beach International Airport. Buyer to verify zoning, permitted uses, and development requirements with the Tow ...

Listing Details MLS# R11168153

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
3
Bathrooms Total
3
Bathrooms Full
3
Building Area Main
2318
Building Area Source
Public Records
Living Area Main
1686
Year Built
1953
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Gated Community YN
No
Lot Size Area
18437
Lot Size Acres
0.42
Lot Size Dimensions
75 X 242 (.42ACRES)
Frontage Length
75
Senior Community YN
No
Waterfront YN
Yes
Stories Total
Yes
Stories
Yes
Direction Faces
East
Pool Private YN
No
Furnished
Unfurnished
Year Roof Installed
1996

Property Features

Parking Features: Open; Attached Garage; Garage Property Condition: Resale Appliances: Refrigerator Architectural Style: Ranch Boat and Dock Features: Private Dock; Water Available; Exclusive Use Construction Materials: CBS Cooling: Central Air Heating: Electric Interior Features: Bedroom Layout - Split; None Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow; Negotiable Restrictions: Other Restrictions Road Frontage Type: East of US-1; Public Road Road Surface Type: Paved Roof: Composition; Shingle; Other Sewer: Public Sewer Special Information: Flood Zone; Property Survey Available; Sold As-Is Storm Protection Details: None Tax Information: City/County; Other Exemption Utilities: Sewer Available; Water Available Water Access: No Fixed Bridge; Ocean Access Water Source: Public Water View: Intracoastal Waterfront Features: Intracoastal; Navigable Water; Seawall; No Fixed Bridges Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Schedule Online; Text Listing Agent Contingencies: None Room Types: Family Room; Kitchen; Living Room; Master Bedroom Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2026-03-03
Original List Price
7000000
Negotiable Seller Concessions YN
No

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
206
Street Name
Lake
Street Suffix
Drive
City Name
Palm Beach Shores
State Or Province
FL
Postal Code
33404
Postal Zip
33404
Subdivision Name
PALM BEACH SHORES
Area
5240
Geographic Area
PB28
Elementary School
Lincoln
Middle Or Junior School
John F. Kennedy (Palm Beach)
High School
William T. Dwyer
Special Assessment YN
No
Parcel Number
54434227040005350
Zoning
DISTRIC C - MUL
Directions
Blue Heron Blvd east to Lake Drive, make a right, property on the right.

Financial Information

Association Deposit YN
No
Membership Fee Required YN
No
Tax Annual Amount
12511.1
Tax Year
2025
Tax Legal Description
PALM BEACH SHORES LT 535

Status Change Information

Major Change Timestamp
2026-03-03T16:38:09Z
Major Change Type
Status Change
Status Change Date
2026-03-03
Under Contract Type
Pending
Under Contract Date
2026-03-03

More Information

Short Sale Details

Short Sale Addendum
No

Boat and Dock Information

Dock
Yes
Dock Details
YES

Main Level Rooms

Main Level Bathrooms
3
Main Level Bedrooms
3

Showing Details

Pet(s) on Premises
No

Room Types

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

Price Calculations

Current Price To SqFt
4151.83

Originating Details

Originating System Key
20260206165220741297000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Amenities

Boating
Yes

Parking Features

Open
Yes
Attached Garage
Yes
Garage
Yes

Property Condition

Resale
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Sewer

Public Sewer
Yes

Special Information

Flood Zone
Yes
Property Survey Available
Yes
Sold As-Is
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Heating

Electric
Yes

Water Access

No Fixed Bridge
Yes
Ocean Access
Yes

Water View

Intracoastal
Yes

Appliances

Refrigerator
Yes

Construction Materials

CBS
Yes

Interior Features

Bedroom Layout - Split
Yes
None
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Road Frontage Type

East of US-1
Yes
Public Road
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes
Shingle
Yes
Other
Yes

Water Source

Public
Yes

Waterfront Features

Intracoastal
Yes
Navigable Water
Yes
Seawall
Yes
No Fixed Bridges
Yes

Architectural Style

Ranch
Yes

Boat and Dock Features

Private Dock
Yes
Water Available
Yes
Exclusive Use
Yes

Cooling

Central Air
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes
Schedule Online
Yes
Text Listing Agent
Yes

Master Bedroom/Bath

None
Yes

Pets Allowed YN

Yes
Yes

Pets Allowed

No Restrictions
Yes

Restrictions

Other Restrictions
Yes

Storm Protection Details

None
Yes

Tax Information

City/County
Yes
Other Exemption
Yes

Contingencies

None
Yes

Acreage Description

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

Room Information

Living Room Length: 15.00 Length: 15.00 Width: 10.00 Width: 10.00 Level: Main Kitchen Length: 12.00 Length: 12.00 Width: 12.00 Width: 12.00 Level: Main Master Bedroom Length: 12.00 Length: 12.00 Width: 12.00 Width: 12.00 Level: Main Family Room

Documents

Listing Office: The Keyes Company (PBG)
IDX
Last Updated: March - 11 - 2026
Broker Attribution: 561-722-1169
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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