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1496 N Lake Way, Palm Beach, FL 33480

$9,000,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 4,225 Status: Active
Current Price: $9,000,000 List Date: 6/17/2026 Last Modified: 6/17/2026

Description

Rare opportunity on Palm Beach Island's coveted north end. Set on an exceptional .22 acre parcel between the Atlantic Ocean and Intracoastal Waterway, this Mid-Century Modern residence offers endless possibilities to restore, renovate, or build a spectacular new estate. Surrounded by lush tropical landscaping and just a short walk to the beach, this property combines privacy, location, and extraordinary potential in one of Palm Beach's most desirable settings.

More Information MLS# B26042044

Contract Information

Comp Sale YN: No Negotiable Seller Concessions YN: No Occupant Type: Vacant Seller Represented YN: Yes Listing Date: 2026-06-12 Status: Active Original List Price: 9000000 List Price: $9,000,000 Current Price: $9,000,000 Listing Service: Full Service

Location and Legal

County Or Parish: Palm Beach Municipality Type: Incorporated Municipal Code: 50 Geographic Area: PB30 Subdivision Number: 3 Special Assessment YN: No Flood Zone: AE,X Country: United States Street Number: 1496 Street Direction Prefix: N Street Name: Lake Street Suffix: Way State Or Province: FL Postal Code: 33480 Postal Code +4: 3031 Subdivision Name: BOCA RATONE CO INLET Area: 5001 Elementary School: Palm Beach Public High School: Palm Beach Lakes Parcel Number: 50434234030001071 Zoning: R-B (city) Directions: N Lake Way to corner of Mediterranean and N Lake Way

General Property Information

Adjusted Area Main: 3161 Living Area Main: 2883 Living Area Source: Assessor Accessibility Features YN: No Gated Community YN: No Lot Size Area: 9583.2 Senior Community YN: No Outdoor Living Spaces YN: Yes Land Lease YN: No Recreation Lease YN: No Stories Total: 2 Stories: 2 Fireplace YN: No Pool Private YN: Yes Guest House YN: No LP/Assessed Value: 3.46 Property Sub Type: Single Family Residence Bedrooms Total: 2 Bathrooms Total: 3 Bathrooms Full: 2 Bathrooms Half: 1 Building Area Main: 4225 Building Area Source: Assessor Year Built: 1954 Garage YN: 1 Attached Garage YN: 1 Garage Spaces: 2 Covered Spaces: 2 Parking Total: 6 Lot Size Acres: 0.22 Direction Faces: North

Financial Information

Application Required YN: No Master Association YN: No Estimated Monthly Assoc Recurring Fee: 0 Membership Fee Required YN: No Tax Assessed/SOH Value: 2600475 Assessor Market Value: 4317875 Tax Annual Amount: 50226.34 Tax Year: 2025 Tax Legal Description: BOCA RATONE CO INLET SUB REV LAKE FRONT ADD W 10 FT OF LT 107 & LT 114

Office/Member Information

DXORIGMLSID: RML

Dining Area

Breakfast Area: 1 Dining/Living Room: 1 Snack Bar/Counter: 1

Entry Information

Entry Level: 1

Exterior Features

Private Rooftop Terrace: 1 Storage: 1

Flooring

Concrete: 1 Marble: 1

Leasing Permitted Details

Leasing Permitted YN: No

Parking Features

Garage Door Opener: 1 Attached Garage: 1 Garage: 1

Parking Information

Open Parking Spaces: 4

Property Condition

Resale: 1

Special Listing Conditions

Standard: 1

Co-Ownership

Property Management YN: No

Fencing

Back Yard: 1 Masonry: 1

Structure Type

House: 1

Possession

Close Of Escrow: 1

Sewer

Public Sewer: 1

Utilities

Cable Available: 1 Electricity Available: 1 Sewer Available: 1 Water Available: 1 Underground Utilities: 1

View

Garden: 1 Pool: 1

Heating

Central: 1

Sprinkler Description

Auto Sprinkler: 1

Appliances

Electric Range: 1 Oven: 1 Refrigerator: 1

Construction Materials

Concrete: 1

Interior Features

Bedroom Layout - Split: 1 Built-in Features: 1 Entrance Foyer: 1 Roman Tub: 1 Storage: 1

Levels

Two: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Corner Lot: 1 Landscaped: 1 Many Trees: 1

Pool Features

Free Form: 1 In Ground: 1

Road Responsibility

Public Maintained Road: 1

Road Surface Type

Paved: 1

Roof

Flat: 1

Water Source

Public: 1

Architectural Style

Mid-Century Modern: 1

Capital Contributions

Capital Contributions YN: No

Cooling

Central Air: 1

Showing Requirements

24 Hour Notice: 1 Listing Agent Must Accompany: 1 Schedule Online: 1

Main Level Rooms

Main Level Bathrooms: 1

Main Living Area

Entry Level: 1

Master Bedroom/Bath

2 Master Suites: 1

Membership

No Membership Available: 1

Pets Allowed YN

Yes: 1

Pets Allowed

No Restrictions: 1

Pet Details

Pet Fee YN: No

Restrictions

No Restrictions: 1

Tax Information

City/County: 1

Outdoor Living Spaces

Balcony: 1 Deck: 1 Patio: 1 Terrace: 1

Balcony Details

Balcony - Covered: 1

Patio Details

Patio - Covered: 1 Patio - Open: 1

Room Types

Kitchen: 1 Living Room: 1 Master Bedroom: 1

Price Calculations

Current Price To SqFt: 3121.74

Acreage Description

Less Than 1/4 Acre Lot: 1 Less Than 1 Acre Lot: 1

Status Change Information

Major Change Timestamp: 2026-06-17T03:42:56Z Major Change Type: New Listing Status Change Date: 2026-06-16

Originating Details

Originating System Key: 20260617011716598313000000 Originating System ID: M00000170

Property Features

Dining Area: Breakfast Area; Dining/Living Room; Snack Bar/Counter Exterior Features: Private Rooftop Terrace; Storage Flooring: Concrete; Marble Parking Features: Garage Door Opener; Attached Garage; Garage Property Condition: Resale Special Listing Conditions: Standard Appliances: Electric Range; Oven; Refrigerator Architectural Style: Mid-Century Modern Construction Materials: Concrete Cooling: Central Air Fencing: Back Yard; Masonry Heating: Central Interior Features: Bedroom Layout - Split; Built-in Features; Entrance Foyer; Roman Tub; Storage Levels: Two Listing Terms: Cash; Conventional Lot Features: Corner Lot; Landscaped; Many Trees Main Living Area: Entry Level Membership: No Membership Available Pets Allowed YN: Yes Pets Allowed: No Restrictions Pool Features: Free Form; In Ground Possession: Close Of Escrow Restrictions: No Restrictions Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Flat Sewer: Public Sewer Sprinkler Description: Auto Sprinkler Structure Type: House Tax Information: City/County Utilities: Cable Available; Electricity Available; Sewer Available; Water Available; Underground Utilities View: Garden; Pool Water Source: Public Showing Requirements: 24 Hour Notice; Listing Agent Must Accompany; Schedule Online Outdoor Living Spaces: Balcony; Deck; Patio; Terrace Balcony Details: Balcony - Covered Patio Details: Patio - Covered; Patio - Open Room Types: Kitchen; Living Room; Master Bedroom Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Room Information

Kitchen Living Room Master Bedroom
Listing Office: Compass Florida LLC
Last Updated: June - 17 - 2026
1496 N Lake Way, Palm Beach, FL 33480- MLS# B26042044
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.