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: 7/01/2026

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
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

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Room Types

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

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

Room Information

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

Listing Office: The Corcoran Group

Last Updated: July - 01 - 2026

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