3 S Lake Trail, Palm Beach, FL 33480

$22,000,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,852 Status: Closed
Current Price: $22,000,000 List Date: 4/08/2025 Last Modified: 8/11/2026

Overview

Description

A once-in-a-lifetime opportunity to own one of Palm Beach's most storied parcels, originally acquired from Henry Flagler interests, nearly a century ago. This 30,324 SF property (~201 frontage x ~151' deep) crowns Chapel Hill, one of the island's highest points (Elevation: 16.6'), capturing ocean breezes and potential vistas of The Breakers and its renowned golf course. Enveloped by mature trees on a picturesque cul-de-sac of only five homes, it offers exceptional privacy and tranquility in the very heart of Palm Beach. Perfectly situated among the Flagler Museum, The Royal and Glazer Hall, The Breakers, and The Society of the Four Arts, the address balances exclusivity with effortless access to Palm Beach's finest cultural, dining, and shopping destinations. Whether you envision

Supplements: an elegant single estate or a bespoke compound, the property's rare size, elevation, and pedigree present limitless possibilities. The contiguous lot to the west can be purchased for a combined size of 45,490 SF (~302' frontage x ~151' deep)

Listing Details MLS# R11079637

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
3
Bathrooms Total
3
Bathrooms Full
3
Building Area Main
2852
Building Area Source
Other
Living Area Main
2572
Year Built
1920
Gated Community YN
No
Lot Size Area
30324
Lot Size Acres
0.7
Lot Size Dimensions
201 ft x 151.16 ft
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Stories
Yes
Direction Faces
Northeast
Fireplace YN
Yes
Pool Private YN
Yes
Furnished
Unfurnished

Property Features

Electric: Three Phase Flooring: Wood Property Condition: Resale Appliances: Dishwasher; Disposal; Gas Range; Ice Maker; Refrigerator Construction Materials: Frame Cooling: Central Air Heating: Central Laundry Features: Inside Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Pool Features: In Ground Possession: Close Of Escrow Restrictions: No Restrictions Roof: Composition; Shingle Sewer: Public Sewer Special Information: Potential Tear Down Tax Information: Homestead Exemption Utilities: Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Contingencies: None Room Types: Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
39950000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
3
Street Direction Prefix
S
Street Name
Lake
Street Suffix
Trail
City Name
Palm Beach
State Or Province
FL
Postal Code
33480
Postal Zip
33480
Subdivision Name
HILL SUB
Area
5002
Geographic Area
PB30
Elementary School
Palm Beach Public
High School
Forest Hill
Special Assessment YN
No
Parcel Number
50434322230000061
Zoning
R-B(ci

Financial Information

Association Deposit YN
No
Membership Fee Required YN
No
Tax Annual Amount
117404
Tax Year
2024
Tax Legal Description
HILL SUB LT 6 (LESS W 100 FT)~ LT 7 & W 18.95 FT OF LT 8

Status Change Information

Major Change Timestamp
2026-05-11T18:58:54Z
Major Change Type
Status Change
Price Change Timestamp
2025-11-21T21:30:52Z
Status Change Date
2026-05-11
Under Contract Date
2026-03-20
Close Date
2026-05-08
Close Price
22000000
Buyer Financing
Cash

More Information

Short Sale Details

Short Sale Addendum
No

Main Level Rooms

Main Level Bathrooms
3
Main Level Bedrooms
3

Storm Protection

Other Protection
Partial

Room Types

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main

Price Calculations

Current Price To SqFt
9428.46

Originating Details

Originating System Key
20250408201021597859000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 1.00 1.00 Main
Kitchen 1.00 1.00 Main
Master Bedroom 1.00 1.00 Main
Laundry
IDX
Listing Office: Brown Harris Stevens of PB
Last Updated: August - 11 - 2026
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