1221 N Lake Way, Palm Beach, FL 33480 (MLS# R10669777)

1221 N Lake Way, Palm Beach, FL 33480

$14,300,000
Property Type: Residential Bedrooms: 6 Baths: 7 Square Footage: 6,040 Lot Size (sq. ft.): 14,810 Status: Closed
Current Price: $14,300,000 List Date: 2/26/2021 Last Modified: 1/10/2026

Overview

Description

PALM BEACH LAKEFRONT. Expertly renovated by Todd Michael Glaser. ''Nautical Mansion'' originally designed by Belford Shoumate, a beloved architect of Modernism on Palm Beach. Newly re-imagined & expanded: 6,040 SqFt with 6 BR, 6.5 BA, pool, deep water dock & deeded beach access. A truly rare lakefront offering at $14.9MM. 65' of Intracoastal frontage affording lovely views & amazing sunsets. 7.0 NAVD (8.5 NGVD). 14,600+SqFt Lot

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 and statistics are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be in ...

Listing Details MLS# R10669777

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
6
Bathrooms Total
7
Bathrooms Full
6
Bathrooms Half
Yes
Building Area Main
6040
Building Area Source
Builder
Living Area Main
4848
Year Built
1940
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Gated Community YN
No
Lot Size Area
14634
Lot Size Acres
0.34
Frontage Length
65
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
2
Stories
2
Direction Faces
West
Fireplace YN
Yes
Pool Private YN
Yes
Furnished
Unfurnished

Property Features

Flooring: Terrazzo; Wood Parking Features: Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Free-Standing Freezer; Refrigerator; Washer Boat and Dock Features: Private Dock Construction Materials: CBS Cooling: Central Air Heating: Central Interior Features: Elevator; Entrance Foyer; Pantry; Upstairs Living Area; Walk-In Closet(s) Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Close Of Escrow Restrictions: Other Restrictions Roof: Tar/Gravel Security Features: Security System Owned Tax Information: City/County Utilities: None View: Pool Water Access: No Fixed Bridge; Ocean Access Water View: Intracoastal Waterfront Features: Intracoastal; Navigable Water; Seawall; No Fixed Bridges Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Covered Patio Details: Patio - Open Contingencies: None Room Types: Dining Room; Family Room; Kitchen; Living Room; Master Bedroom Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2020-11-09
Original List Price
13900000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
1221
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
MOCKINGBIRD TRAIL TRACT
Area
5001
Geographic Area
PB30
Special Assessment YN
No
Parcel Number
50434303090000011
Zoning
R-B(ci
Directions
Call Listing Office

Financial Information

Association Deposit YN
No
Membership Fee Required YN
No
Tax Annual Amount
103104
Tax Year
2020
Tax Legal Description
MOCKING BIRD TRAIL TRACT S 65 FT OF LTS 1 & 5

Status Change Information

Major Change Timestamp
2021-04-21T19:26:32Z
Major Change Type
Status Change
Price Change Timestamp
2021-02-13T14:24:21Z
Status Change Date
2021-04-21
Under Contract Date
2021-02-26
Close Date
2021-04-19
Close Price
14300000
Buyer Financing
Cash

More Information

Short Sale Details

Short Sale Addendum
No

Boat and Dock Information

Dock
Yes
Dock Details
Yes

Main Level Rooms

Main Level Bathrooms
3
Main Level Bedrooms
3

Storm Protection

Impact Glass
Complete

Showing Details

Pet(s) on Premises
Yes

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Dining Room Level
Main
Family Room Level
Main
Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Second
Dining Room
Yes
Family Room
Yes
Kitchen
Yes
Living Room
Yes
Master Bedroom
Yes

Price Calculations

Current Price To SqFt
2949.66
Original List Price To Close Price
0.97

Originating Details

Originating System Key
20201104211631279557000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Application Fee Details

Application Fee
0

Amenities

None
Yes

Flooring

Terrazzo
Yes
Wood
Yes

Parking Features

Attached Garage
Yes
Garage
Yes

Property Condition

Resale
Yes

Possession

Close Of Escrow
Yes

Utilities

None
Yes

View

Pool
Yes

Heating

Central
Yes

Water Access

No Fixed Bridge
Yes
Ocean Access
Yes

Water View

Intracoastal
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Free-Standing Freezer
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

CBS
Yes

Interior Features

Elevator
Yes
Entrance Foyer
Yes
Pantry
Yes
Upstairs Living Area
Yes
Walk-In Closet(s)
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Tar/Gravel
Yes

Security Features

Security System Owned
Yes

Waterfront Features

Intracoastal
Yes
Navigable Water
Yes
Seawall
Yes
No Fixed Bridges
Yes

Boat and Dock Features

Private Dock
Yes

Cooling

Central Air
Yes

Showing Requirements

Call Listing Agent
Yes

Master Bedroom/Bath

Master Bdrm - Upstairs
Yes
Separate Shower
Yes

Pets Allowed YN

Yes
Yes

Pet Details

Pet Fee
0

Restrictions

Other Restrictions
Yes

Tax Information

City/County
Yes

Outdoor Living Spaces

Balcony
Yes
Patio
Yes

Balcony Details

Balcony - Covered
Yes

Patio Details

Patio - Open
Yes

Contingencies

None
Yes

Acreage Description

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

Room Information

Living Room Length: 29.00 Length: 29.00 Width: 17.40 Width: 17.40 Level: Main Kitchen Length: 19.40 Length: 19.40 Width: 13.00 Width: 13.00 Level: Main Master Bedroom Length: 16.50 Length: 16.50 Width: 12.00 Width: 12.00 Level: Second Family Room Length: 35.00 Length: 35.00 Width: 12.40 Width: 12.40 Level: Main Dining Room Length: 15.40 Length: 15.40 Width: 12.90 Width: 12.90 Level: Main
Listing Office: The Corcoran Group
IDX
Last Updated: January - 10 - 2026
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