Oversized Waterfront Residential
For Sale
$10,900,000
1421 N Lake Way, Palm Beach, FL 33480
Waterfront residential lot with an updated main house, guest cottage, and previously approved ARCOM plans for new construction.
Property SizeContact for details
Days on Market311
Property Features for 1421 N Lake Way
General Information
Standard status
Active
Property subtype
Unimproved Land
Taxes and HOA fees
Annual Taxes
$108,773
Listing Agency:
Douglas Elliman
(561) 530-2227
Listed By:
Samantha Curry · License #3031158
Source:
Kielyrealestate
Added: Oct 7, 2025
Changed: Aug 8
Last Checked: Aug 8 at 3:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman
Investment Insights
Based on property information with market context.
This oversized waterfront residential property includes a fully livable main house plus a connected guest cottage. The main residence features two bedrooms, wood flooring, spacious closets, and two bathrooms with walk-in showers. A charming guest cottage is linked to the main home by a covered walkway and offers two additional bedrooms, a sitting area, and a full bath. The landscaped grounds are complemented by a heated pool and spillover spa.
The property is situated in Palm Beach’s North End. The site is described as being close to the Sailfish Club and the bike path.
The lot presents two clear paths for an owner: enjoy the current updated home as-is or pursue the previously approved ARCOM plans for redevelopment. While the plans are noted as expired and would require review for any future resubmission, they describe a proposed new home of 5,585 LSF and 6,293 TSF, with four beds in the main house plus a convertible den, and two beds in the guest house. The property’s configuration and existing improvements make it suitable for buyers seeking immediate livability with options for future custom buildout.
The property is situated in Palm Beach’s North End. The site is described as being close to the Sailfish Club and the bike path.
The lot presents two clear paths for an owner: enjoy the current updated home as-is or pursue the previously approved ARCOM plans for redevelopment. While the plans are noted as expired and would require review for any future resubmission, they describe a proposed new home of 5,585 LSF and 6,293 TSF, with four beds in the main house plus a convertible den, and two beds in the guest house. The property’s configuration and existing improvements make it suitable for buyers seeking immediate livability with options for future custom buildout.
Key Highlights
- Waterfront residential lot in Palm Beach’s North End on Cabana Street, close to the Sailfish Club and bike path
- Updated main house features 2 bedrooms with rich wood flooring, spacious closets, and 2 bathrooms with walk‑in showers
- On‑site guest cottage connected by a covered walkway offers 2 bedrooms, a sitting area, and a full bath
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Explore this area
Business Placement
Demographics for 33480, FL
10,716
Population
12,438
Households
0.9
Avg Household Size
68
Median Age
65%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
2,748
Density / Sq Mi
$151,121
Median Household Income
$81,850
Median Earnings
$1,840
Median Rent
$1,218,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Waterfront Land - Waterfront residential lot with an updated main house, guest cottage, and previously approved ARCOM plans for new construction.
Where is this waterfront land located?
The property is located at 1421 N Lake Way Palm Beach, FL.
What is the asking price?
The asking price for this property is $10,900,000.
What are key features of this property?
This property features: Waterfront residential lot in Palm Beach’s North End on Cabana Street, close to the Sailfish Club and bike path; Updated main house features 2 bedrooms with rich wood flooring, spacious closets, and 2 bathrooms with walk‑in showers; On‑site guest cottage connected by a covered walkway offers 2 bedrooms, a sitting area, and a full bath
