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


$14,300,000
1221 N Lake Way
Palm Beach, FL 33480
MLS# R10669777
Status: Closed
6 beds  |  7 baths  |  6040 sqft


1221 N Lake Way, Palm Beach, FL 33480
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Property 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

Details
Contract Information
Comp Sale YN: No
Listing Contract Date: 2020-11-09
Status: Closed
Original List Price: 13900000
Sold Price: $14,300,000
Current Price: $14,300,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Palm Beach
Postal Zip: 33480
Geographic Area: PB30
Special Assessment YN: No
Street Number: 1221
Street Direction Prefix: N
Street Name: Lake
Street Suffix: Way
State Or Province: FL
Postal Code: 33480
Subdivision Name: MOCKINGBIRD TRAIL TRACT
Area: 5001
Parcel Number: 50434303090000011
Zoning: R-B(ci
Directions: Call Listing Office
General Property Information
Living Area Main: 4848
Gated Community YN: No
Lot Size Area: 14634
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Fireplace YN: Yes
Pool Private YN: Yes
Property Sub Type: Single Family Residence
Bedrooms Total: 6
Bathrooms Total: 7
Bathrooms Full: 6
Bathrooms Half: 1
Building Area Main: 6040
Building Area Source: Builder
Year Built: 1940
Garage YN: 1
Attached Garage YN: 1
Garage Spaces: 2
Covered Spaces: 2
Lot Size Acres: 0.34
Frontage Length: 65
Waterfront YN: 1
Direction Faces: West
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
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
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
Application Fee Details
Application Fee: 0
Amenities
None: 1
Flooring
Terrazzo: 1
Wood: 1
Parking Features
Attached Garage: 1
Garage: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Possession
Close Of Escrow: 1
Utilities
None: 1
View
Pool: 1
Heating
Central: 1
Water Access
No Fixed Bridge: 1
Ocean Access: 1
Water View
Intracoastal: 1
Appliances
Dishwasher: 1
Dryer: 1
Free-Standing Freezer: 1
Refrigerator: 1
Washer: 1
Construction Materials
CBS: 1
Interior Features
Elevator: 1
Entrance Foyer: 1
Pantry: 1
Upstairs Living Area: 1
Walk-In Closet(s): 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Tar/Gravel: 1
Security Features
Security System Owned: 1
Waterfront Features
Intracoastal: 1
Navigable Water: 1
Seawall: 1
No Fixed Bridges: 1
Boat and Dock Information
Dock: Yes
Dock Details: Yes
Boat and Dock Features
Private Dock: 1
Cooling
Central Air: 1
Showing Requirements
Call Listing Agent: 1
Main Level Rooms
Main Level Bathrooms: 3
Main Level Bedrooms: 3
Master Bedroom/Bath
Master Bdrm - Upstairs: 1
Separate Shower: 1
Pets Allowed YN
Yes: 1
Pet Details
Pet Fee: 0
Restrictions
Other Restrictions: 1
Storm Protection
Impact Glass: Complete
Tax Information
City/County: 1
Showing Details
Pet(s) on Premises: Yes
Outdoor Living Spaces
Balcony: 1
Patio: 1
Balcony Details
Balcony - Covered: 1
Patio Details
Patio - Open: 1
Contingencies
None: 1
Room Types
Dining Room: 1
Dining Room Level: Main
Family Room: 1
Family Room Level: Main
Kitchen: 1
Kitchen Level: Main
Living Room: 1
Living Room Level: Main
Master Bedroom: 1
Master Bedroom Level: Second
Concessions
Seller Concessions: No
Contributions
Buyer Contributions: No
Price Calculations
Current Price To SqFt: 2949.66
Original List Price To Close Price: 0.97
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Originating Details
Originating System Key: 20201104211631279557000000
Originating System ID: M00000170
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
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 independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. The listing company's marketplace is all of the following: Vero Beach, Town of Orchid, Indian River Shores, Town of Palm Beach, West Palm Beach, Manalapan Beach, Point Manalapan, Hypoluxo Island, Ocean Ridge, Gulf Stream, Delray Beach, Highland Beach, Boca Raton, East Deerfield Beach, Hillsboro Beach, Hillsboro Shores, East Pompano Beach, Lighthouse Point, Sea Ranch Lakes and Fort Lauderdale. Cooperating brokers are advised that in the event of a Buyer default, no commission will be paid to a cooperating Broker on the Deposits retained by the Seller. No commissions are paid to any cooperating broker until title passes or upon actual commencement of a lease. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Copyright 2021 by the listing company. All Rights Reserved.
Room Information
Room Name Length Length Width Width Level
Living Room29.0029.0017.4017.40Main
Kitchen19.4019.4013.0013.00Main
Master Bedroom16.5016.5012.0012.00Second
Family Room35.0035.0012.4012.40Main
Dining Room15.4015.4012.9012.90Main

IDX
Listing Office: Premier Estate Properties, Inc

Last Updated: January - 10 - 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.