940 N Lake Way, Palm Beach, FL 33480 (MLS# R10881164)

940 N Lake Way, Palm Beach, FL 33480

$50,000,000

Virtual Tour

https://www.propertypanorama.com/940-N-Lake-Way-Palm-Beach-FL-33480/unbranded

Property Type: Residential Bedrooms: 5 Baths: 7 Square Footage: 8,503 Status: Closed

Current Price: $50,000,000 List Date: 4/12/2023 Last Modified: 1/10/2026

Overview

Description

Magnificent Lake Front Regency situated on high elevation with amazing panoramic views!! Deep water concrete dock which can accommodate up to a 130' yacht and includes a 40k lb lift and a 15k lb lift for smaller boats. Private deeded beach access! Spacious floor plan features high ceilings, 5 bedrooms, 6.5 baths, 2 kitchens, 2 offices, media room, billiards room, 4 bars, several water features inside and outside, Gas fireplace, oversized travertine pool terrace and covered loggias perfect for entertaining!!

Listing Details MLS# R10881164

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 7
Bathrooms Full: 6
Bathrooms Half: Yes
Building Area Main: 8503
Building Area Source: Public Records
Living Area Main: 7448
Year Built: 1974
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Gated Community YN: No
Lot Size Dimensions: 128 x 289
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Direction Faces: East
Fireplace YN: Yes
Pool Private YN: Yes
Furnished: Unfurnished

Property Features

Dining Area: Breakfast Area; Eat-In Kitchen; Formal Dining Electric: Three Phase Flooring: Marble; Wood; Other Parking Features: Garage Door Opener; Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Free-Standing Freezer; Gas Range; Ice Maker; Microwave; Refrigerator; Washer Boat and Dock Features: Electric Available; Hoist/Davit; Lift; Private Dock Construction Materials: CBS Cooling: Central Air; Zoned Fencing: Fenced Heating: Central; Zoned Interior Features: Bar; Central Vacuum; Entrance Foyer; Wet Bar Levels: Multi/Split Listing Terms: Cash Pets Allowed YN: Yes Pool Features: In Ground Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: East of US-1 Roof: Tar/Gravel Security Features: Security System Owned Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Storm Protection Details: Storm Shutters Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available View: Garden; Pool Water Access: No Fixed Bridge; Ocean Access Water View: Lake Waterfront Features: Intracoastal; Navigable Water; No Fixed Bridges Window Features: Sliding Showing Requirements: Appointment Only; Call Listing Agent Outdoor Living Spaces: Patio Patio Details: Patio - Open Contingencies: Inspection Room Types: Den; Family Room; Garage Apartment; Kitchen; Living Room; Master Bedroom; Media Room Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Listing Contract Date: 2023-04-12
Original List Price: 55000000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 940
Street Direction Prefix: N
Street Name: Lake
Street Suffix: Way
City Name: Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: Palm Beach
Area: 5001
Geographic Area: PB30
Special Assessment YN: No
Parcel Number: 50434310000010052
Zoning: Residential
Directions: Over to Palm Beach via north bridge, left on Bradley Place - follow along to N Lake Way- property on your left

Financial Information

Association Deposit YN: No
Membership Fee Required YN: No
Tax Annual Amount: 147303
Tax Year: 2022
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

Status Change Information

Major Change Timestamp: 2023-07-28T17:15:14Z
Major Change Type: Status Change
Status Change Date: 2023-07-28
Under Contract Date: 2023-04-17
Close Date: 2023-07-28
Close Price: 50000000
Buyer Financing: Cash

More Information

Short Sale Details

Short Sale Addendum: No

Boat and Dock Information

Dock: Yes
Boat Max Length: 101
Boat Dock Accommodates: Over 101 Ft Boat

Main Level Rooms

Main Level Bathrooms: 6
Main Level Bedrooms: 5

Storm Protection

Impact Glass: Partial
Panel Shutters: Partial

Showing Details

Pet(s) on Premises: No

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Room Types

Kitchen Level: Main
Living Room Level: Main
Master Bedroom Level: Main
Den: Yes
Family Room: Yes
Garage Apartment: Yes
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes
Media Room: Yes

Price Calculations

Current Price To SqFt: 6713.21
Original List Price To Close Price: 1.1

Originating Details

Originating System Key: 20230412191750299970000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Amenities

None: Yes

Dining Area

Breakfast Area: Yes
Eat-In Kitchen: Yes
Formal Dining: Yes

Electric

Three Phase: Yes

Flooring

Marble: Yes
Wood: Yes
Other: Yes

Parking Features

Garage Door Opener: Yes
Attached Garage: Yes
Garage: Yes

Property Condition

Resale: Yes

Fencing

Fenced: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Information

Sold As-Is: Yes

Utilities

Cable Available: Yes
Sewer Available: Yes
Water Available: Yes

View

City: Yes
Garden: Yes
Pool: Yes

Heating

Central: Yes
Zoned: Yes

Sprinkler Description

Auto Sprinkler: Yes

Water Access

No Fixed Bridge: Yes
Ocean Access: Yes

Water View

Lake: Yes

Window Features

Sliding: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Free-Standing Freezer: Yes
Gas Range: Yes
Ice Maker: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes

Interior Features

Bar: Yes
Central Vacuum: Yes
Entrance Foyer: Yes
Wet Bar: Yes

Levels

Multi/Split: Yes

Listing Terms

Cash: Yes

Pool Features

In Ground: Yes

Road Frontage Type

East of US-1: Yes

Roof

Tar/Gravel: Yes

Security Features

Security System Owned: Yes

Waterfront Features

Intracoastal: Yes
Navigable Water: Yes
No Fixed Bridges: Yes

Boat and Dock Features

Electric Available: Yes
Hoist/Davit: Yes
Lift: Yes
Private Dock: Yes

Cooling

Central Air: Yes
Zoned: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Master Bedroom/Bath

2 Master Baths: Yes
Separate Shower: Yes
Separate Tub: Yes

Pets Allowed YN

Yes: Yes

Restrictions

No Restrictions: Yes

Storm Protection Details

Storm Shutters: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Patio: Yes

Patio Details

Patio - Open: Yes

Contingencies

Inspection: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes

Room Information

Living Room Length: 18.00 Length: 18.00 Width: 30.00 Width: 30.00 Level: Main Kitchen Length: 20.00 Length: 20.00 Width: 20.00 Width: 20.00 Level: Main Master Bedroom Length: 18.00 Length: 18.00 Width: 20.00 Width: 20.00 Level: Main Family Room Garage Apartment Media Room

Listing Office: The Corcoran Group

Last Updated: January - 10 - 2026

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