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
Listing Date: 2023-11-27
Status: Closed
Original List Price: 59000000
Auction: No
Sold Price: $50,000,000
Current Price: $50,000,000
General Property Description
Type: Single Family Detached
Lot Dimensions: 128 x 289
Lot SqFt: 34848
Waterfront: Yes
Waterfrontage: 128
Min Lv SqFt Rstrct: 8503
Subdivision: Palm Beach
Front Exp: East
Homeowners Assoc: None
Location Tax Legal
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
Status Change Info
Under Contract Date: 2024-04-01
Sold Date: 2024-05-21
Sold Price: $50,000,000
Terms of Sale: Cash
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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