940 N Lake Way, Palm Beach, FL 33480
$50,000,000
Property Type:
Land/Docks
Status:
Closed
Current Price:
$50,000,000
Last Modified:
5/21/2024
Description
Opportunity awaits to build your dream home on this expansive 34,848-square-foot lot, offering 128 feet of water frontage and a very high elevation. This prime location not only provides a canvas for your ideal home, but also boasts a deep-water concrete dock, providing the perfect haven for maritime enthusiasts. The dock is thoughtfully designed to accommodate larger vessels over 100 feet, along with multiple smaller vessels. The dock features a substantial 40,000-pound lift for larger boats, and an additional 15,000-pound lift for smaller boats. Experience the epitome of waterfront living with unparalleled views and amenities on this expansive property. Enjoy deeded beach access nestled between Sandpiper and Eden Road and access to the Lake Trail right out your back gate.
More Information MLS# RX-10939386
Contract Information
Auction: No
Listing Date: 2023-11-27
Status: Closed
Original List Price: 59000000
Sold Price: $50,000,000
Current Price: $50,000,000
General Property Description
Lot Dimensions: 128 x 289
Waterfront: Yes
Waterfrontage: 128
Min Lv SqFt Rstrct: 8503
Homeowners Assoc: None
Front Exp: East
Type: Single Family Detached
Lot SqFt: 34848
Subdivision: Palm Beach
Location, Tax & Legal
Geo Area: PB30
Country: United States
State/Province: FL
Short Sale: No
Tax Year: 2023
Zoning: Residsential
Short Sale A/U: N/A
Short Sale Addendum: No
Taxes: 396632
Special Assessment: No
REO: No
Area: 5001
County: Palm Beach
Parcel ID: 50434310000010052
Street #: 940
Street Dir: N
Street Name: Lake
Street Suffix: Way
Zip Code: 33480
Legal Desc: 10-43-43, S 128.5 FT OF N 358.5 FT OF SUB B GOV LT 1 LYG W OF LAKE WAY
Geo Lat: 26.747419
Geo Lon: -80.041294
Office/Member Info
DXORIGMLNO: RX-10939386
DXORIGMLSID: RML
Status Change Info
Terms of Sale: Cash
Under Contract Date: 2024-04-01
Sold Date: 2024-05-21
Sold Price: $50,000,000
Location
Beach Area: 1
Other: 1
Avail Docs
Survey: 1
Land Use
Single Family: 1
View
City: 1
Intracoastal: 1
Waterfront Details
Intracoastal: 1
Lot Description
1/2 to < 1 Acre: 1
Develop Status
Recorded Plat: 1
Improvements
Cleared: 1
Utilities Avail
Cable: 1
Electric: 1
Gas: 1
Public Water: 1
Trash Removal: 1
Utilities On Site
Electric: 1
Electric Service Available: 1
Gas: 1
Public Water: 1
Sewer: 1
Ground Cover
Grassed: 1
Other: 1
Roads
Dirt: 1
Boat Services
Lift: 1
Private Dock: 1
Over 101 Ft Boat: 1
Soil Type
Dirt: 1
Trees
None: 1
Terms Considered
Cash: 1
Possession
At Closing: 1
Showing Instructions
Text Listing Agent: 1
Contingencies
None: 1
Property Features
Land Use: Single Family
Location: Beach Area; Other
Lot Description: 1/2 to < 1 Acre
Develop Status: Recorded Plat
Improvements: Cleared
Utilities Avail: Cable; Electric; Gas; Public Water; Trash Removal
Utilities On Site: Electric; Electric Service Available; Gas; Public Water; Sewer
Waterfront Details: Intracoastal
View: Intracoastal
Ground Cover: Grassed; Other
Roads: Dirt
Avail Docs: Survey
Boat Services: Lift; Private Dock; Over 101 Ft Boat
Soil Type: Dirt
Trees: None
Terms Considered: Cash
Showing Instructions: Text Listing Agent
Possession: At Closing
Contingencies: None
Documents
Survey ›
Listing Office:
Sotheby's Intl. Realty, Inc.
Last Updated: May - 21 - 2024
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