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740 N Lake Way, Palm Beach, FL 33480

$7,000,000
Property Type: Residential Bedrooms: 3 Baths: 3.1 Square Footage: 2,993 Status: Closed
Current Price: $7,000,000 Last Modified: 10/08/2025

Description

Exceptional North End Opportunity! Unlock the potential of this prime 10,882± SF Island parcel, perfectly positioned on a rare coral ridge with an impressive 13+ feet of elevation. Whether you choose to reimagine the existing Regency-style residence or build your dream home, the possibilities are endless. The current layout features soaring ceilings, 3 bedrooms, 3.5 baths, a sparkling pool, new roof, and a whole-house generator—providing an excellent foundation for a stunning transformation. A coveted North End location combines privacy, prestige, and proximity to the best of Palm Beach.

Supplements: DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. "No payments made until title passes" Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2025 by the listing company. All Rights Reserved.

More Information MLS# RX-11123937

Contract Information

Auction: No List Price/SqFt: 2656.19 Listing Date: 2025-09-15 Status: Closed Original List Price: 7950000 Sold Price: $7,000,000 Current Price: $7,000,000

General Property Description

Governing Bodies: None Main Level Bedrooms: 3 Main Level Bathrooms: 4 Property Condition: Resale Lot Dimensions: 100.0 ft x 117.0 ft SqFt - Total: 3294 Waterfront: No SqFt Source: Floor Plan Gated Community: No Covered Spaces: 1 Homeowners Assoc: None Pets Allowed: Yes Pets on Premises: No Front Exp: East Association Deposit: No Membership Fee Required: No Private Pool: Yes Type: Single Family Detached Total Bedrooms: 3 Baths - Full: 3 Baths - Half: 1 Baths - Total: 3.1 Year Built: 1985 SqFt - Living: 2993 Garage Spaces: 1 Subdivision: RAFALSKY MARK Legal Desc: MARK RAFALSKY TR NLY 100 FT OF ELY 117 FT OF LT 116 AS IN OR5176P1982 Lot SqFt: 10882 Total Floors/Stories: 1

Location, Tax & Legal

Geo Area: PB30 Country: United States State/Province: FL HOPA: No Hopa Short Sale: No Tax Year: 2024 Zoning: R-B(ci Short Sale A/U: N/A Short Sale Addendum: No Taxes: 108912 Special Assessment: No REO: No Area: 5001 County: Palm Beach Parcel ID: 50434310040001161 Street #: 740 Street Dir: N Street Name: Lake Street Suffix: Way Zip Code: 33480 Geo Lat: 26.740382 Geo Lon: -80.039947

Office/Member Info

DXORIGMLNO: RX-11123937 DXORIGMLSID: RML

Status Change Info

Terms of Sale: Cash Sold Price/SqFt: 2338.79 Under Contract Date: 2025-09-29 Sold Date: 2025-10-08 Sold Price: $7,000,000

Construction

CBS: 1

Master Bedroom/Bath

Dual Sinks: 1

Rooms

Laundry-Inside: 1

Waterfront Details

None: 1

Lot Description

< 1/4 Acre: 1

Equip/Appl Included

Dishwasher: 1 Dryer: 1 Generator Whle House: 1 Washer: 1

Cooling

Central Building: 1

Heating

Central: 1

Furnished

Unfurnished: 1

Interior Features

Fireplace(s): 1

Flooring

Marble: 1

Utilities

Electric: 1 Gas Natural: 1

Parking

Garage - Attached: 1

Pet Restrictions

No Restrictions: 1

Restrict

None: 1

Subdiv. Amenities

None: 1

Terms Considered

Cash: 1 Conventional: 1

Possession

At Closing: 1

Storm Protection

Accordion Shutters: Partial

Taxes

City/County: 1 No Homestead: 1

Contingencies

None: 1

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Property Features

Construction: CBS Waterfront Details: None Lot Description: < 1/4 Acre Interior Features: Fireplace(s) Furnished: Unfurnished Rooms: Laundry-Inside Parking: Garage - Attached Pet Restrictions: No Restrictions Restrict: None Flooring: Marble Heating: Central Cooling: Central Building Terms Considered: Cash; Conventional Utilities: Electric; Gas Natural Taxes: City/County; No Homestead Possession: At Closing Contingencies: None

Room Information

Living Room Length: 23.00 Width: 15.00 Length: 23.00 Level: Main Width: 15.00 Kitchen Length: 14.00 Width: 13.00 Length: 14.00 Level: Main Width: 13.00 Master Bedroom Length: 17.00 Width: 14.00 Length: 17.00 Level: Main Width: 14.00

Documents

Listing Office: Premier Estate Properties, Inc
IDX
Last Updated: October - 08 - 2025
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 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.