1040 N Lake Way, Palm Beach, FL 33480 (MLS# R10687149)

1040 N Lake Way, Palm Beach, FL 33480

$24,000,000
Property Type: Residential Bedrooms: 5 Baths: 8 Square Footage: 6,687 Lot Size (sq. ft.): 19,602 Status: Closed
Current Price: $24,000,000 List Date: 1/25/2021 Last Modified: 1/13/2026

Overview

Listing Details MLS# R10687149

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
5
Bathrooms Total
8
Bathrooms Full
6
Bathrooms Half
2
Building Area Main
6687
Building Area Source
Public Records
Living Area Main
5057
Year Built
1954
Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Gated Community YN
No
Lot Size Area
19417
Lot Size Acres
0.45
Lot Size Dimensions
101.0 ft x 183.0 ft
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
2
Stories
2
Direction Faces
East
Pool Private YN
Yes
Furnished
Unfurnished

Property Features

Electric: Three Phase Flooring: Carpet; Marble; Wood; Other Parking Features: Garage Property Condition: Resale Appliances: Dryer; Electric Range; Free-Standing Freezer; Refrigerator; Washer Boat and Dock Features: Private Dock Construction Materials: CBS Cooling: Central Air; Zoned Fencing: Fenced Heating: Central; Zoned Interior Features: Bar; Walk-In Closet(s); Wet Bar Laundry Features: Inside; Laundry Closet Listing Terms: Cash Pets Allowed YN: Yes Possession: Close Of Escrow Restrictions: No Restrictions Sewer: Public Sewer Tax Information: City/County; No Homestead Utilities: Cable Available; Sewer Available; Water Available Water Source: Public Waterfront Features: Intracoastal Showing Requirements: Appointment Only; Call Listing Office Outdoor Living Spaces: Patio Patio Details: Patio - Covered Contingencies: None Room Types: Kitchen; Laundry; Living Room; Master Bedroom; Media Room Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2021-01-25
Original List Price
24950000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
1040
Street Direction Prefix
N
Street Name
Lake
Street Suffix
Way
City Name
Palm Beach
State Or Province
FL
Postal Code
33480
Postal Zip
33480
Subdivision Name
CORAL EST
Area
5001
Geographic Area
PB30
Special Assessment YN
No
Parcel Number
50434303180000151
Zoning
R-B(ci
Directions
North Lake Way to 1040 North Lake Way. Home on West side of street.

Financial Information

Association Deposit YN
No
Membership Fee Required YN
No
Tax Annual Amount
156961
Tax Year
2020
Tax Legal Description
CORAL ESTATES S 100 FT OF LOTS 15 & 16 & UND 1/15 INT IN LOTS 1-A & 15-A

Status Change Information

Major Change Timestamp
2021-05-03T14:15:45Z
Major Change Type
Status Change
Status Change Date
2021-05-03
Under Contract Date
2021-02-05
Close Date
2021-04-05
Close Price
24000000
Buyer Financing
Cash

More Information

Entry Information

Entry Location
Entry Level Living Area Y

Short Sale Details

Short Sale Addendum
No

Boat and Dock Information

Dock
Yes

Main Level Rooms

Main Level Bathrooms
3
Main Level Bedrooms
3

Storm Protection

Impact Glass
Partial

Showing Details

Pet(s) on Premises
Yes

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main
Kitchen
Yes
Laundry
Yes
Living Room
Yes
Master Bedroom
Yes
Media Room
Yes

Price Calculations

Current Price To SqFt
4745.89
Original List Price To Close Price
1.03

Originating Details

Originating System Key
20210125154736753206000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Amenities

None
Yes

Electric

Three Phase
Yes

Flooring

Carpet
Yes
Marble
Yes
Wood
Yes
Other
Yes

Parking Features

Garage
Yes

Property Condition

Resale
Yes

Fencing

Fenced
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes
Sewer Available
Yes
Water Available
Yes

Heating

Central
Yes
Zoned
Yes

Appliances

Dryer
Yes
Electric Range
Yes
Free-Standing Freezer
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

CBS
Yes

Interior Features

Bar
Yes
Walk-In Closet(s)
Yes
Wet Bar
Yes

Laundry Features

Inside
Yes
Laundry Closet
Yes

Listing Terms

Cash
Yes

Water Source

Public
Yes

Waterfront Features

Intracoastal
Yes

Boat and Dock Features

Private Dock
Yes

Cooling

Central Air
Yes
Zoned
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Office
Yes

Master Bedroom/Bath

2 Master Baths
Yes
Master Bdrm - Ground
Yes

Pets Allowed YN

Yes
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes
No Homestead
Yes

Outdoor Living Spaces

Patio
Yes

Patio Details

Patio - Covered
Yes

Contingencies

None
Yes

Acreage Description

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

Room Information

Living Room Length: 26.00 Length: 26.00 Width: 15.00 Width: 15.00 Level: Main Kitchen Length: 19.00 Length: 19.00 Width: 14.00 Width: 14.00 Level: Main Master Bedroom Length: 25.00 Length: 25.00 Width: 17.00 Width: 17.00 Level: Main Laundry Media Room
Listing Office: Lawrence A. Moens Associates
IDX
Last Updated: January - 13 - 2026
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.
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