980 N Lake Way, Palm Beach, FL 33480 (MLS# R3059224)

980 N Lake Way, Palm Beach, FL 33480

$7,800,000

Virtual Tour

http://tours5.vht.com/std/t1210407/nobranding

Property Type: Residential Bedrooms: 5 Baths: 8 Square Footage: 12,178 Status: Closed

Current Price: $7,800,000 List Date: 10/19/2009 Last Modified: 7/16/2026

Overview

Description

Elegant Regency on North Lake Way. 155 feet of lake frontage. 3 finished floors. 5 bedrooms, 6.1 bathrooms with over 9,700 sqft of living area and over 12,100 sqft of total area. Custom details inside include 13' ceiling in great room, fireplace, paneled library, family room with wet bar, game room, billiards room, temperature controlled wine cellar, sauna with connecting shower and elevator with intercom system. Outside offers a rooftop terrace, covered patio, pool with marble coping & pool deck, new dock with lift, electric & water, trellis area with fountain & automatic sprinkler system, manicured gardens and deeded beach rights. This spectacular property allows you to indulge yourself in the ultimate Palm Beach living.

Listing Details MLS# R3059224

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 8
Bathrooms Full: 6
Bathrooms Half: 2
Building Area Main: 12178
Living Area Main: 9763
Year Built: 1962
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Lot Size Dimensions: 155x200
Frontage Length: 155
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 3
Stories: 3
Direction Faces: East
Fireplace YN: Yes
Pool Private YN: Yes
Furnished: Unfurnished
LP/Assessed Value: 1.31

Property Features

Dining Area: Breakfast Area; Eat-In Kitchen; Formal Dining Exterior Features: Awning(s) Flooring: Carpet; Ceramic Tile; Marble; Parquet Parking Features: Attached Garage; Garage Appliances: Dishwasher; Disposal; Dryer; Electric Range; Free-Standing Freezer; Ice Maker; Microwave; Refrigerator; Trash Compactor; Washer Boat and Dock Features: Electric Available; Private Dock; Water Available Construction Materials: CBS Cooling: Central Air Heating: Central Interior Features: Bar; Bedroom Layout - Split; Built-in Features; Cathedral Ceiling(s); Elevator; Entrance Foyer; High Ceilings; Pantry; Roman Tub; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Inside; Laundry Closet Listing Terms: Cash Lot Features: Fruit Tree(s) Pets Allowed YN: Yes Pool Features: In Ground Possession: Close Of Escrow Restrictions: No Restrictions Roof: Tar/Gravel Security Features: Security System Owned Sewer: Public Sewer Sprinkler Description: Auto Sprinkler Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available Water Source: Public Water View: Lake Waterfront Features: Lake Front Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Covered Patio Details: Patio - Covered Room Types: Bedroom 2; Bedroom 3; Den; Dining Room; Family Room; Game Room; Great Room; Kitchen; Laundry; Living Room; Master Bedroom

Contract Information

Comp Sale YN: No
Original List Price: 16900000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 980
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: Eden Properties
Area: 5001
Geographic Area: PB30
Special Assessment YN: No
Parcel Number: 50434303200000481
Zoning: RB
Directions: Call listing agent.

Financial Information

Tax Annual Amount: 81278
Tax Year: 2010
Tax Assessed/SOH Value: 10617068
Tax Legal Description: EDEN PROPERTIES LTS 48 & 48A /LESS N 59.55 FT/ & LTS 49 & 49A

Status Change Information

Major Change Timestamp: 2009-10-19T05:00:01Z
Major Change Type: New Listing
Status Change Date: 2011-11-16
Under Contract Date: 2011-09-16
Close Date: 2011-11-15
Close Price: 7800000
Buyer Financing: Cash

More Information

Boat and Dock Information

Dock: Yes

Pool Size Details

Pool Size (WxL): 25 X 42

Price Calculations

Current Price To SqFt: 798.93
Original List Price To Close Price: 2.16

Originating Details

Originating System Key: 20130205070917964790000000
Originating System ID: M00000170

Room Information

Room Name	Length	Width
Bedroom 2	18.00	15.00
Bedroom 3	18.00	15.00
Den	18.00	18.00
Dining Room	18.00	18.00
Family Room	24.00	23.00
Kitchen	19.00	12.00
Living Room	44.00	26.00
Master Bedroom	27.00	18.00
Great Room
Game Room
Laundry

Listing Office: The Corcoran Group

Last Updated: July - 16 - 2026

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