1197 N Lake Way, Palm Beach, FL 33480 (MLS# R10397823)

1197 N Lake Way, Palm Beach, FL 33480

$17,100,000
Property Type: Residential Bedrooms: 6 Baths: 11 Square Footage: 14,310 Status: Closed
Current Price: $17,100,000 List Date: 1/18/2018 Last Modified: 1/12/2026

Overview

Description

Built in 2003 to the highest standards, this impressive lakefront estate is characterized by high ceilings, deep overhangs, large porches, and numerous windows taking in spectacular Intracoastal Waterway and sunset views. Perfect for entertaining, the grand two-story living room has a soaring gabled ceiling with wooden beams and elegant details.

Supplements: Expansive second-floor windows flood the room with natural light. The home is designed for an indoor-outdoor lifestyle, with the main living spaces flowing out to porches with relaxing sitting areas overlooking 165 ft. of lntracoastal frontage, beautifully landscaped grounds, and the sumptuous pool. Boasting 9,878 sq ft of interior space, the house ...

Listing Details MLS# R10397823

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
6
Bathrooms Total
11
Bathrooms Full
7
Bathrooms Half
4
Building Area Main
14310
Building Area Source
Plans
Living Area Main
9878
Year Built
2003
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Frontage Length
165
Senior Community YN
No
Waterfront YN
Yes
Stories Total
2
Stories
2
Direction Faces
West
Pool Private YN
Yes
Furnished
Unfurnished

Property Features

Electric: Three Phase Flooring: Wood Parking Features: Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Refrigerator; Washer Construction Materials: CBS Cooling: Central Air Heating: Central Interior Features: High Ceilings Listing Terms: Cash Pets Allowed YN: Yes Possession: Close Of Escrow Restrictions: No Restrictions Sewer: Public Sewer Tax Information: City/County Utilities: Sewer Available; Water Available Water Source: Public Waterfront Features: Intracoastal Showing Requirements: 24 Hour Notice; Call Listing Agent; Listing Agent Must Accompany Contingencies: Other Room Types: Great Room; Kitchen; Living Room; Maid/In-Law Quarters; Master Bedroom Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2018-01-15
Original List Price
24000000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
1197
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
MOCKING BIRD TRAIL TRACT
Area
5001
Geographic Area
PB30
Special Assessment YN
No
Parcel Number
50434303090000020
Zoning
RB
Directions
Turn left onto S County Rd Continue straight onto N County Rd Turn left onto Country Club Rd Continue onto N Lake Way to 1197

Financial Information

Membership Fee Required YN
No
Tax Annual Amount
185448
Tax Year
2017
Tax Legal Description
MOCKING BIRD TRAIL TRACT LTS 2 & 6 & LTS 3 & 7 (LESS S 115 FT)

Status Change Information

Major Change Timestamp
2019-10-22T13:41:12Z
Major Change Type
Status Change
Price Change Timestamp
2019-04-05T20:38:38Z
Status Change Date
2019-10-22
Under Contract Date
2019-09-30
Close Date
2019-10-21
Close Price
17100000
Buyer Financing
Cash

More Information

Short Sale Details

Short Sale Addendum
No

Boat and Dock Information

Dock Details
yes

Room Types

Kitchen Level
First
Living Room Level
First
Master Bedroom Level
Second
Great Room
Yes
Kitchen
Yes
Living Room
Yes
Maid/In-Law Quarters
Yes
Master Bedroom
Yes

Price Calculations

Current Price To SqFt
1731.11
Original List Price To Close Price
1.4

Originating Details

Originating System Key
20180117204732311182000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Amenities

None
Yes

Electric

Three Phase
Yes

Flooring

Wood
Yes

Parking Features

Attached Garage
Yes
Garage
Yes

Property Condition

Resale
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Heating

Central
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

CBS
Yes

Interior Features

High Ceilings
Yes

Listing Terms

Cash
Yes

Water Source

Public
Yes

Waterfront Features

Intracoastal
Yes

Cooling

Central Air
Yes

Showing Requirements

24 Hour Notice
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes

Master Bedroom/Bath

2 Master Baths
Yes
Separate Tub
Yes

Pets Allowed YN

Yes
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes

Contingencies

Other
Yes

Acreage Description

1/2 To Less Than 1 Acre Lot
Yes

Room Information

Living Room Length: 38.30 Length: 38.30 Width: 19.10 Width: 19.10 Level: First Kitchen Length: 35.40 Length: 35.40 Width: 14.50 Width: 14.50 Level: First Master Bedroom Length: 21.30 Length: 21.30 Width: 19.30 Width: 19.30 Level: Second Great Room Maid/In-Law Quarters
Listing Office: Brown Harris Stevens of PB
IDX
Last Updated: January - 12 - 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.
Search powered by FBS Products