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3 S Lake Trail, Palm Beach, FL 33480

$39,950,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,572 Status: Active
Current Price: $39,950,000 Last Modified: 4/21/2025

Description

A tremendous land opportunity is situated high up on Chapel Hill and now available for sale. It has never been on the market before. The elevation is incredible and the dimensions are ~300 x ~150, totaling 45,490 SF. The property has the potential to subdivide into multiple lots. Also, views could be amazing from a second floor build. There is no other property on the island with this size, location, elevation and the ability to subdivide that is currently on the market. The location is superb as there are only 5 houses on this lovely cul de sac street. The property has many mature trees throughout and the sense of privacy is exceptional. This land is ideal for an end user to create a large estate or for a builder to subdivide with multiple options.

More Information MLS# RX-11079637

Contract Information

Listing Date: 2025-04-08 Status: Active Original List Price: 39950000 Auction: No List Price: $39,950,000 Current Price: $39,950,000 List Price/SqFt: 15532.66

General Property Description

Type: Single Family Detached Governing Bodies: None Main Level Bedrooms: 3 Total Bedrooms: 3 Main Level Bathrooms: 3 Baths - Full: 3 Baths - Total: 3 Property Condition: Resale Year Built: 1920 SqFt - Total: 2852 SqFt - Living: 2572 SqFt Source: Other Gated Community: No Homeowners Assoc: None Association Deposit: No Membership Fee Required: No Subdivision: HILL SUB Legal Desc: HILL SUB LT 6 (LESS W 100 FT)~ LT 7 & W 18.95 FT OF LT 8 Lot SqFt: 30353 Lot Dimensions: 202.0 ft x 150.0 ft Waterfront: No Front Exp: Northeast Private Pool: Yes Pets Allowed: Yes Pets on Premises: No Total Floors/Stories: 1

Location Tax Legal

Area: 5002 County: Palm Beach Parcel ID: 50434322230000061 Street #: 3 Street Dir: S Street Name: Lake Street Suffix: Trail Zip Code: 33480 Geo Lat: 26.71212 Geo Lon: -80.042006

Storm Protection

Other Protection: Partial

Property Features

Construction: Frame Waterfront Details: None Private Pool Description: Inground Lot Description: 1 to < 2 Acres Exterior Features: Open Balcony Interior Features: Fireplace(s) Furnished: Unfurnished Rooms: Laundry-Inside Restrict: None Flooring: Wood Floor Heating: Central Cooling: Central Roof: Comp Shingle Terms Considered: Cash; Conventional Utilities: Electric; Public Sewer; Public Water Special Info: Potential Tear Down Taxes: Homestead Possession: At Closing

Room Information

Living Room Length: 1.00 Width: 1.00 Length: 1.00 Level: Main Width: 1.00 Kitchen Length: 1.00 Width: 1.00 Length: 1.00 Level: Main Width: 1.00 Master Bedroom Length: 1.00 Width: 1.00 Length: 1.00 Level: Main Width: 1.00
Listing Office: Brown Harris Stevens of PB
Last Updated: April - 21 - 2025
3 S Lake Trail, Palm Beach, FL 33480- MLS# RX-11079637
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