1221 N Lake Way Palm Beach, FL 33480

$24,950,000
5 beds
5 full, 1 partial
3,202 sqft
$7,792 / sqft
House

Property details

About 1221 N Lake Way

A beautifully renovated, masterful landmark of Modernist architecture, the Boat House combines the very best elements of life in Palm Beach - the perfect spot on the lakefront with dock and boat-lift, deeded ocean access at the Mockingbird neighborhood beach cabana, and an incredibly elegant, exquisitely renovated, move-in ready home. This nautically themed Art Moderne home faces prow-forward toward dramatic sunsets, its rooftop deck overlooking the pool, dock and sparkling Intracoastal. Sea-going touches include seamed hardwood floors, porthole windows and white-piped terrace railings. The house received a full renovation a few years ago and the current owners then made meaningful improvements of their own.

Highlights

Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size3,202 sqft
Year built1940
Parking2+ Spaces, Garage - Attached
MLS #RX-10996763
Attached garage2 spaces
WaterfrontIntracoastal, Navigable Water, Ocean Access, Seawall
FireplaceFireplace(s)
ViewIntracoastal, Pool
Private poolYes

Virtual tour

Summary

  • MLS Number: RX-10996763
  • Office Name: Sotheby's Intl. Realty, Inc.
  • Office Phone: (561) 659-3555
  • Listing Agent: Lisa Cregan

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 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: 1/23/2025, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house featuring a garage and a lawn

$24,950,000

1221 N Lake Way

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Price information

Property sales

DateEventPrice
Apr 19, 2021
Home Sold
$14,300,000
Aug 10, 2017
Home Sold
$5,900,000
Jul 24, 2001
Home Sold
$6,500,000

Tax history

YearAssessmentProperty Tax
2020$4,588,777$76,851
2019$6,075,987$103,510
2018$5,707,846$94,194
2017$5,128,644$92,528

History based on county public records data.

Nearby schools

6

Northboro Elementary School

Public Magnet PK-5

0.9 mi

400 40th St

4

Northmore Elementary School

Public District PK-5

1.4 mi

4111 N Terrace Dr

5

Pleasant City Elementary School

Public District EE-5

1.8 mi

2222 Spruce Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $148,936. Most Palm Beach, FL residents have annual incomes between $100k-200k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

3%
<35k
6%
35k-100k
47%
100k-200k
44%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

40%
Single, No Kids
3%
Single, with Kids
39%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
6%
12-17 yrs old
7%
18-34 yrs old
44%
35-64 yrs old
32%
65+ yrs old

What do the neighbors do for fun?

  • Men's TennisMen's Tennis
  • PGA/LPGAPGA/LPGA
  • Skiing/snowboardingSkiing/snowboarding

Where do the neighbors shop?

  • BloomingdalesBloomingdales
  • Chico'sChico's
  • NordstromNordstrom

Where do the neighbors go to eat?

  • Bonefish GrillBonefish Grill
  • California Pizza KitchenCalifornia Pizza Kitchen
  • ChipotleChipotle

What do the neighbors drive?

  • LexusLexus
  • CadillacCadillac
  • BMWBMW

What do the neighbors listen to?

  • NewsNews
  • ClassicalClassical
  • Talk/PersonalityTalk/Personality
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1221 N Lake Way

This home is located at 1221 N Lake Way in Palm Beach, FL and zip code 33480 in the North End neighborhood. This 3,202 square foot home was built in 1940. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 17, 2024 and is currently priced at $24,950,000.

Over 0 listings were sold over their listed price in December 2024 in Palm Beach, FL. In the same period over 16 listings were sold below the listed price and 1 listings were sold for the listed price. In December 2024 in Palm Beach, FL there were 8.7% more homes for sale than in November. In December 2024 median list price was $1,302,833 and the average listing age was 157 days.

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

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