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

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 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. "No payments made until title passes" 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. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2025 by the listing company. All Rights Reserved.

More Information MLS# R11123937

Contract Information

Comp Sale YN: No Listing Contract Date: 2025-09-15 Status: Closed Original List Price: 7950000 Sold Price: $7,000,000 Current Price: $7,000,000

Location and Legal

County Or Parish: Palm Beach County Parish Name: Palm Beach City Name: Palm Beach Postal Zip: 33480 Geographic Area: PB30 Special Assessment YN: No Country: United States Street Number: 740 Street Direction Prefix: N Street Name: Lake Street Suffix: Way State Or Province: FL Postal Code: 33480 Subdivision Name: RAFALSKY MARK Area: 5001 Parcel Number: 50434310040001161 Zoning: R-B(ci

General Property Information

Living Area Main: 2993 Lot Size Dimensions: 100.0 ft x 117.0 ft Gated Community YN: No Lot Size Area: 10882 Senior Community YN: No Furnished: Unfurnished Stories Total: 1 Stories: 1 Fireplace YN: Yes Pool Private YN: Yes Property Sub Type: Single Family Residence Bedrooms Total: 3 Bathrooms Total: 4 Bathrooms Full: 3 Bathrooms Half: 1 Building Area Main: 3294 Building Area Source: Plans Year Built: 1985 Garage YN: 1 Attached Garage YN: 1 Garage Spaces: 1 Covered Spaces: 1 Lot Size Acres: 0.25 Direction Faces: East

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

Office/Member Information

DXORIGMLSID: RML

Status Change Information

Buyer Financing: Cash 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

Amenities

None: 1

Electric

Three Phase: 1

Flooring

Marble: 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

Natural Gas Available: 1

Heating

Central: 1

Water Access

None: 1

Appliances

Dishwasher: 1 Dryer: 1 Washer: 1

Construction Materials

CBS: 1

Laundry Features

Inside: 1

Listing Terms

Cash: 1 Conventional: 1

Cooling

Central Building: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1 Listing Agent Must Accompany: 1

Main Level Rooms

Main Level Bathrooms: 4 Main Level Bedrooms: 3

Master Bedroom/Bath

Dual Sinks: 1

Pets Allowed YN

Yes: 1

Pets Allowed

No Restrictions: 1

Restrictions

No Restrictions: 1

Storm Protection

Accordian Shutters: Partial Permanent Generator: Whole House

Tax Information

City/County: 1 No Homestead: 1

Showing Details

Pet(s) on Premises: No

Contingencies

None: 1

Room Types

Kitchen: 1 Kitchen Level: Main Laundry: 1 Living Room: 1 Living Room Level: Main Master Bedroom: 1 Master Bedroom Level: Main

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Price Calculations

Current Price To SqFt: 2338.79 Original List Price To Close Price: 1.13

Acreage Description

Less Than 1/4 Acre Lot: 1

Originating Details

Originating System Key: 20250825053625025989000000 Originating System ID: M00000170

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

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.