1221 N Lake Way Palm Beach, FL 33480
North End NeighborhoodEstimated payment $149,245/month
Total Views
15,624
6
Beds
7
Baths
4,848
Sq Ft
$4,847
Price per Sq Ft
Highlights
- 65 Feet of Waterfront
- Property has ocean access
- Outdoor Pool
- Palm Beach Public School Rated A-
- Dock has access to electricity and water
- Contemporary Architecture
About This Home
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. Those improvements include all new AC units including one for the garage, a high-end water filtration system, an oversized wine and beverage fridge, a smart home tech center and electric awning for the dining terrace. And to top it all off- an outdoor infrared sauna!
Mockingbird is one of the very few Palm Beach streets with both a private neighborhood beach cabanas and direct lake trail access.
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $216,985
Year Built
- Built in 1940
Lot Details
- 0.34 Acre Lot
- 65 Feet of Waterfront
- Lake Front
- Property fronts an intracoastal waterway
- Home has sun exposure from multiple directions
- Back Yard Fenced
- Property is zoned 50- Rb - Rb (50-Palm Beach)
Home Design
- Contemporary Architecture
- Tar and Gravel Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 4,848 Sq Ft Home
- 2-Story Property
- Elevator
- Fireplace
- Sliding Windows
- Dining Area
- Storage
- Utility Room
Kitchen
- Single Oven
- Gas Range
- Microwave
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Terrazzo
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- High Impact Windows
- High Impact Door
- Fire and Smoke Detector
Parking
- Attached Garage
- Garage Door Opener
Outdoor Features
- Outdoor Pool
- Property has ocean access
- Dock has access to electricity and water
Utilities
- Zoned Heating and Cooling
Community Details
- No Home Owners Association
- Mockingbird Trl Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434303090000011
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $180,952 | $12,088,430 | -- | -- |
| 2023 | $216,985 | $14,147,526 | $0 | $0 |
| 2022 | $200,380 | $12,861,387 | $0 | $0 |
| 2021 | $88,187 | $5,790,257 | $5,625,360 | $164,897 |
| 2020 | $76,851 | $4,588,777 | $4,573,110 | $15,667 |
| 2019 | $103,511 | $6,075,987 | $6,060,000 | $15,987 |
| 2018 | $94,195 | $5,707,846 | $5,700,516 | $7,330 |
| 2017 | $92,529 | $6,007,989 | $6,000,543 | $7,446 |
| 2016 | $92,250 | $4,662,404 | $0 | $0 |
| 2015 | $76,104 | $4,238,549 | $0 | $0 |
| 2014 | $71,528 | $3,857,808 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | Pending | -- | -- | -- |
| 01/30/2025 01/30/25 | Price Changed | $23,500,000 | -5.8% | $4,847 / Sq Ft |
| 06/17/2024 06/17/24 | For Sale | $24,950,000 | +74.5% | $5,146 / Sq Ft |
| 04/19/2021 04/19/21 | Sold | $14,300,000 | +2.9% | $2,950 / Sq Ft |
| 03/20/2021 03/20/21 | Pending | -- | -- | -- |
| 11/09/2020 11/09/20 | For Sale | $13,900,000 | +135.6% | $2,867 / Sq Ft |
| 08/08/2017 08/08/17 | Sold | $5,900,000 | 0.0% | $1,909 / Sq Ft |
| 06/06/2017 06/06/17 | Pending | -- | -- | -- |
| 02/16/2016 02/16/16 | For Sale | $5,900,000 | -- | $1,909 / Sq Ft |
Source: Palm Beach Board of REALTORS®
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $14,300,000 | Attorney | |
| Personal Reps Deed | $5,900,000 | Attorney | |
| Warranty Deed | $6,500,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $6,600,000 | New Conventional | |
| Closed | $9,295,000 | New Conventional | |
| Previous Owner | $5,400,000 | New Conventional | |
| Previous Owner | $3,835,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $5,200,000 | No Value Available | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Public Records
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Source: Palm Beach Board of REALTORS®
MLS Number: 24-961
APN: 50-43-43-03-09-000-0011
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