new - 7 days on rocket

510 N Lake Way, Palm Beach, FL, 33480

$21,500,000

4 Bedrooms
6 Full Baths, 1 Partial
6,239 SqFt
$3,446/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
Parking2+ Spaces, Drive - Circular, Driveway, Garage - Attached
Attached Garage2 spaces
Year Built1995
HeatingCentral
CoolingCentral Air
WaterfrontNone
Private PoolYes
MLS #RX-11043720
StatusActive

About 510 N Lake Way

Elegant two-story British Colonial residence on an oversize lot, close proximity to town with direct Lake Trail access. This home has four bedrooms, six full baths, one half bath, a formal dining room, and a gracious living room and family room offering the perfect entertaining atmosphere inside and outside. A large gourmet eat-in kitchen that leads out to the covered loggia. The expansive backyard and pool area include a loggia perfect for outdoor living. The master suite has his and her baths, walk-in closets and a terrace. The property is surrounded with lush landscaping offering exclusive privacy from neighboring homes. This home enables one to truly live the Palm Beach Lifestyle.

Property Details

Property Features

Property Information:

  • Year Built: 1995
  • Stories: 2
  • Living Area: 6,239 SqFt

Listing Office:

  • Office Name: Sotheby's Intl. Realty, Inc.
  • Office Phone: (561) 659-3555
  • Listing Agent: Kevin Andrew Condon

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Fire Alarm, Freezer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Flooring Type: Marble, Other, Tile
  • Interior: Bar, Fire Sprinkler, Foyer, Kitchen Island

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: None
  • Exterior: Awnings

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: 2+ Spaces, Drive - Circular, Driveway, Garage - Attached

Virtual/3D Tour

  • Virtual Tour: 510 N Lake Way
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $21,500,000
  • Price Per SqFt: $3,446/SqFt

Tax Information:

  • Annual Amount: $80,645
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palm Beach, FL.

Med. Sold Price

$1.2M

Med. Price/SqFt

$795

Avg. Days On Market

119

# of Sold Homes

16

510 N Lake Way vs Palm Beach

7 DAYS ON ROCKET

-112 Days

$21,500,000

+$20.2M More

$3,446/SqFt

+$2.6K More

KEY TAKEAWAY

This property is $20.2M more than the Median Sold Price and $2.6K/SqFt more than other homes in Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-11043720

Listing Office:

  • Office Name: Sotheby's Intl. Realty, Inc.
  • Office Phone: (561) 659-3555
  • Listing Agent: Kevin Andrew Condon

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 25, 2002Home Sold
$3,200,000
Sep 09, 1998Home Sold
$2,202,857

Tax History

YEARPROP. TAXASSESSMENT
2020$80,645$4,888,222
2019$77,284$4,587,750
2018$75,891$4,655,318
2017$75,024$4,381,728

History based on county public records data.

Payment Calculator

$107.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$64.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4351966
5
/10
  • Pleasant City Elementary School

  • 2222 Spruce Ave

  • 0.88 miles

  • Public District Grades EE-5

school-card-donut-4351967
5
/10
  • U. B. Kinsey/Palmview Elementary School

  • 800 11th St

  • 1.33 miles

  • Public Magnet Grades PK-5

school-card-donut-4351968
6
/10
  • Northboro Elementary School

  • 400 40th St

  • 1.36 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $180,952. The most common annual income of people living in Palm Beach, FL is $200k+. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 510 N Lake Way

What is the listing price of this property?

The listing price of 510 N Lake Way property is $21,500,000.

What type of property is this?

The property 510 N Lake Way is a house located in Palm Beach, Florida, 33480.

Is this property for sale now?

Active Listing: 510 N Lake Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $80,645 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 25, 2002 for $3,200,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 510 N Lake Way has 4 bedrooms and 6 full and 1 half bathrooms.

What is the square footage of this property?

The property 510 N Lake Way is 6,239 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 510 N Lake Way is 1995.
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Rocket Homes›Florida›Palm Beach County›Palm Beach›33480›510 N Lake Way

This home is located at 510 N Lake Way in Palm Beach, FL and zip code 33480 in the North End neighborhood. This 6,239 square foot home was built in 1995. Features: 4 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $21,500,000.

In November 2024 more than 1 listings in Palm Beach, FL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 15 were sold below. The inventory of homes for sale in Palm Beach, FL between October 2024 and November 2024 increased by 21.2%. In November 2024 median list price was $1,275,000 and the average listing age was 119 days.

From Rocket Homes Real Estate and based on county public records data.

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