Waterfront Residential Estate
For Sale
$10,900,000
1421 N Lake Way, Palm Beach, FL 33480
Oversized waterfront lot with an updated main house, guest cottage, and heated pool/spillover spa, plus previously approved ARCOM plans.
Property SizeContact for details
Days on Market28
Property Features for 1421 N Lake Way
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$10,736
Listing Agency:
Douglas Elliman
(561) 530-2227
Listed By:
Samantha Curry · License #3031158
(561) 530-2227
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 2:49PM
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.
Located in Palm Beach’s North End on Cabana Street, this waterfront residential lot offers a rare build-or-enjoy configuration with an existing, updated home and guest cottage. The current main house features two bedrooms with wood flooring, spacious closets, and two bathrooms with walk-in showers, while a charming guest cottage includes two additional bedrooms, a sitting area, and a full bath connected by a covered walkway.
The property is set among meticulously landscaped grounds that include a heated pool and spillover spa. Previously approved ARCOM plans are included for a new residence; those plans are expired and would require resubmission for approval.
Whether you elect to enjoy the property as-is or pursue new construction, the site supports a larger program with a proposed 5,585 LSF main residence and 4-bedroom layout, plus a convertible den and a separate 2-bedroom guest house.
The property is set among meticulously landscaped grounds that include a heated pool and spillover spa. Previously approved ARCOM plans are included for a new residence; those plans are expired and would require resubmission for approval.
Whether you elect to enjoy the property as-is or pursue new construction, the site supports a larger program with a proposed 5,585 LSF main residence and 4-bedroom layout, plus a convertible den and a separate 2-bedroom guest house.
Key Highlights
- Oversized waterfront lot in Palm Beach’s North End on Cabana Street.
- Updated main house with 2 bedrooms, wood flooring, spacious closets, and 2 bathrooms with walk‑in showers.
- Guest cottage connected by a covered walkway with 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
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Oversized waterfront lot with an updated main house, guest cottage, and heated pool/spillover spa, plus previously approved ARCOM plans.
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: Oversized waterfront lot in Palm Beach’s North End on Cabana Street.; Updated main house with 2 bedrooms, wood flooring, spacious closets, and 2 bathrooms with walk‑in showers.; Guest cottage connected by a covered walkway with 2 bedrooms, a sitting area, and a full bath.
