940 N Lake Way, Palm Beach, FL 33480

$50,000,000
Property Type: Land & Docks Lot Size (sq. ft.): 34,848 Status: Closed
Current Price: $50,000,000 List Date: 11/29/2023 Last Modified: 1/11/2026

Overview

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.

Listing Details MLS# R10939386

General Property Information

Property Sub Type
Unimproved Land
Lot Size Acres
0.8
Lot Size Square Feet
34848
Lot Size Dimensions
128 x 289
Minimum Livable Area
8503
Waterfront YN
Yes
Frontage Length
128
Direction Faces
East
LP/SqFt
1578.28

Property Features

Current Use: Single Family Development Status: Recorded Plat Documents Available: Survey Electric: Three Phase Location of Property: Beach Access; Other Possession: Close Of Escrow Possible Use: Single Family Soil Type: Dirt Trees: None Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available Vegetation: Grassed; Other Boat and Dock Features: Lift; Private Dock Listing Terms: Cash Lot Features: Cleared Road Surface Type: Dirt Water Source: Public Water View: Intracoastal Waterfront Features: Intracoastal Showing Requirements: Call Listing Agent; Text Listing Agent Contingencies: None Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2023-11-27
Original List Price
59000000
LP/Acre
68750000

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
Parcel Number
50434310000010052
Zoning
Residsential

Financial Information

Tax Year
2023
Tax Annual Amount
396632
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
2024-05-21T20:17:51Z
Major Change Type
Status Change
Price Change Timestamp
2024-02-02T16:06:39Z
Status Change Date
2024-05-21
Under Contract Date
2024-04-01
Close Date
2024-05-21
Close Price
50000000
Buyer Financing
Cash
SP/Acre
62500000

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

Price Calculations

Original List Price To Close Price
1.18

Originating Details

Originating System Key
20231129195644199836000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Documents Available

Survey
Yes

Current Use

Single Family
Yes

Development Status

Recorded Plat
Yes

Location of Property

Beach Access
Yes
Other
Yes

Possession

Close Of Escrow
Yes

Possible Use

Single Family
Yes

Soil Type

Dirt
Yes

Trees

None
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes
Water Available
Yes

Vegetation

Grassed
Yes
Other
Yes

View

City
Yes

Water View

Intracoastal
Yes

Listing Terms

Cash
Yes

Lot Features

Cleared
Yes

Road Surface Type

Dirt
Yes

Water Source

Public
Yes

Waterfront Features

Intracoastal
Yes

Boat and Dock Features

Lift
Yes
Private Dock
Yes

Showing Requirements

Call Listing Agent
Yes
Text Listing Agent
Yes

Contingencies

None
Yes

Acreage Description

1/2 To Less Than 1 Acre Lot
Yes

Documents

Listing Office: Sotheby's Intl. Realty, Inc.
IDX
Last Updated: January - 11 - 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.
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