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206 Lake Drive, Palm Beach Shores, FL 33404

$7,000,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,318 Status: Pending
Current Price: $7,000,000 List Date: 3/03/2026 Last Modified: 4/09/2026

Description

Exceptional waterfront development opportunity in the Town of Palm Beach Shores. Spanning approximately 0.42 acres along the Intracoastal Waterway, this property offers direct access to the Atlantic Ocean within minutes and no fixed bridges. Positioned across from Peanut Island and just north of the Palm Beach Inlet, the location provides outstanding boating convenience and wide water views. Zoned C, the parcel allows for multiple potential uses including single-family, multi-family, or hospitality (subject to town approvals). The property features approximately 75 ft of waterfront with an existing 99 ft dock and is located in an area experiencing continued coastal enhancement and investment. Palm Beach Shores is a unique seaside municipality situated on the southern tip of Singer Island

Supplements: bordered by the Atlantic Ocean, Lake Worth Lagoon, and the Palm Beach Inlet. Residents enjoy walkable access to the beach, a community pavilion, local parks, and nearby marinas. Close to waterfront dining, shopping, golf courses, and Palm Beach International Airport. Buyer to verify zoning, permitted uses, and development requirements with the Town of Palm Beach Shores.

More Information MLS# R11168153

Contract Information

Comp Sale YN: No Negotiable Seller Concessions YN: No Listing Date: 2026-03-03 Status: Pending Original List Price: 7000000 List Price: $7,000,000 Current Price: $7,000,000

Location and Legal

County Or Parish: Palm Beach County Parish Name: Palm Beach City Name: Palm Beach Shores Postal Zip: 33404 Geographic Area: PB28 Special Assessment YN: No Country: United States Street Number: 206 Street Name: Lake Street Suffix: Drive State Or Province: FL Postal Code: 33404 Subdivision Name: PALM BEACH SHORES Area: 5240 Elementary School: Lincoln Middle Or Junior School: John F. Kennedy (Palm Beach) High School: William T. Dwyer Parcel Number: 54434227040005350 Zoning: DISTRIC C - MUL Directions: Blue Heron Blvd east to Lake Drive, make a right, property on the right.

General Property Information

Living Area Main: 1686 Lot Size Dimensions: 75 X 242 (.42ACRES) Gated Community YN: No Lot Size Area: 18437 Senior Community YN: No Furnished: Unfurnished Stories Total: 1 Stories: 1 Pool Private YN: No Year Roof Installed: 1996 Property Sub Type: Single Family Residence Bedrooms Total: 3 Bathrooms Total: 3 Bathrooms Full: 3 Building Area Main: 2318 Building Area Source: Public Records Year Built: 1953 Garage YN: 1 Attached Garage YN: 1 Garage Spaces: 2 Covered Spaces: 2 Lot Size Acres: 0.42 Frontage Length: 75 Waterfront YN: 1 Direction Faces: East

Financial Information

Association Deposit YN: No Membership Fee Required YN: No Tax Annual Amount: 12511.1 Tax Year: 2025 Tax Legal Description: PALM BEACH SHORES LT 535

Office/Member Information

DXORIGMLSID: RML

Amenities

Boating: 1

Parking Features

Open: 1 Attached Garage: 1 Garage: 1

Property Condition

Resale: 1

Short Sale Details

Short Sale Addendum: No

Possession

Close Of Escrow: 1 Negotiable: 1

Sewer

Public Sewer: 1

Special Information

Flood Zone: 1 Property Survey Available: 1 Sold As-Is: 1

Utilities

Sewer Available: 1 Water Available: 1

Heating

Electric: 1

Water Access

No Fixed Bridge: 1 Ocean Access: 1

Water View

Intracoastal: 1

Appliances

Refrigerator: 1

Construction Materials

CBS: 1

Interior Features

Bedroom Layout - Split: 1 None: 1

Listing Terms

Cash: 1 Conventional: 1

Road Frontage Type

East of US-1: 1 Public Road: 1

Road Surface Type

Paved: 1

Roof

Composition: 1 Shingle: 1 Other: 1

Water Source

Public: 1

Waterfront Features

Intracoastal: 1 Navigable Water: 1 Seawall: 1 No Fixed Bridges: 1

Architectural Style

Ranch: 1

Boat and Dock Information

Dock: Yes Dock Details: YES

Boat and Dock Features

Private Dock: 1 Water Available: 1 Exclusive Use: 1

Cooling

Central Air: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1 Listing Agent Must Accompany: 1 Schedule Online: 1 Text Listing Agent: 1

Main Level Rooms

Main Level Bathrooms: 3 Main Level Bedrooms: 3

Master Bedroom/Bath

None: 1

Pets Allowed YN

Yes: 1

Pets Allowed

No Restrictions: 1

Restrictions

Other Restrictions: 1

Storm Protection Details

None: 1

Tax Information

City/County: 1 Other Exemption: 1

Showing Details

Pet(s) on Premises: No

Contingencies

None: 1

Room Types

Family Room: 1 Kitchen: 1 Kitchen Level: Main Living Room: 1 Living Room Level: Main Master Bedroom: 1 Master Bedroom Level: Main

Price Calculations

Current Price To SqFt: 4151.83

Acreage Description

1/4 To Less Than 1/2 Acre Lot: 1

Status Change Information

Major Change Timestamp: 2026-03-03T16:38:09Z Major Change Type: Status Change Status Change Date: 2026-03-03 Under Contract Type: Pending Under Contract Date: 2026-03-03

Originating Details

Originating System Key: 20260206165220741297000000 Originating System ID: M00000170

Property Features

Parking Features: Open; Attached Garage; Garage Property Condition: Resale Appliances: Refrigerator Architectural Style: Ranch Boat and Dock Features: Private Dock; Water Available; Exclusive Use Construction Materials: CBS Cooling: Central Air Heating: Electric Interior Features: Bedroom Layout - Split; None Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow; Negotiable Restrictions: Other Restrictions Road Frontage Type: East of US-1; Public Road Road Surface Type: Paved Roof: Composition; Shingle; Other Sewer: Public Sewer Special Information: Flood Zone; Property Survey Available; Sold As-Is Storm Protection Details: None Tax Information: City/County; Other Exemption Utilities: Sewer Available; Water Available Water Access: No Fixed Bridge; Ocean Access Water Source: Public Water View: Intracoastal Waterfront Features: Intracoastal; Navigable Water; Seawall; No Fixed Bridges Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Schedule Online; Text Listing Agent Contingencies: None Room Types: Family Room; Kitchen; Living Room; Master Bedroom Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Room Information

Living Room Length: 15.00 Length: 15.00 Width: 10.00 Width: 10.00 Level: Main Kitchen Length: 12.00 Length: 12.00 Width: 12.00 Width: 12.00 Level: Main Master Bedroom Length: 12.00 Length: 12.00 Width: 12.00 Width: 12.00 Level: Main Family Room

Documents

Listing Office: The Keyes Company (PBG)
Last Updated: April - 09 - 2026
206 Lake Drive, Palm Beach Shores, FL 33404- MLS# R11168153
Broker Attribution: 561-722-1169

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