| Field | Value |
|---|---|
| Location Address | 1123 N LAKE WAY |
| Municipality | PALM BEACH |
| Parcel Control Number | 50-43-43-03-11-000-0361 |
| Subdivision | EL ENCANTO PL 2 |
| Official Records Book/Page | 26593 / 694 |
| Sale Date | 01/24/2014 |
| Legal Description | EL ENCANTO PLAT NO 2 W 1/2 OF LT 36 & LT 37 |
| Owner(s) | Mailing Address | Actions |
|---|---|---|
|
RICH THOMAS L |
1123 N LAKE WAY
PALM BEACH FL 33480 3214 |
| Sales Date | Price | OR Book/Page | Sale Type | Owner |
|---|---|---|---|---|
| 01/24/2014 | $2,000,000 | 26593 / 00694 | WARRANTY DEED | RICH THOMAS L |
| 12/29/2012 | $10 | 25684 / 01628 | WARRANTY DEED | 1123 NORTH LAKE WAY LLC |
| 02/01/2010 | $2,244,000 | 23674 / 00384 | WARRANTY DEED | RICH THOMAS L |
| 06/29/2007 | $2,900,000 | 21895 / 01462 | WARRANTY DEED | MOORE VICTOR & |
| 12/02/2003 | $1,800,000 | 16258 / 01015 | WARRANTY DEED | BORMAN MICHAEL J & |
| 09/13/1999 | $1,100,000 | 11348 / 00367 | WARRANTY DEED | BRADFIELD GEOFFREY |
| 04/14/1998 | $100 | 10373 / 01624 | LIFE ESTATE | UNIVERSITY MI |
| 10/10/1988 | $900,000 | 05869 / 00303 | WARRANTY DEED | |
| 08/01/1986 | $650,000 | 04997 / 01729 | WARRANTY DEED | |
| 05/01/1981 | $140,000 | 03527 / 01937 | WARRANTY DEED |
NOTE: Sales do not generally appear in the PAPA database until approximately 1 to 3 weeks after the closing date.
If a recent sale does not show up in this list, please allow more time for the sale record to be processed.
- Save Our Homes (SOH) Base Year : 2019
- Exemption Year : 2027
| Applicant/Owner(s) | Year | Detail |
|---|---|---|
| RICH THOMAS L | 2026 | HOMESTEAD |
| RICH THOMAS L | 2026 | ADDITIONAL HOMESTEAD |
SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1
| Code Description | square Footage |
|---|---|
| BAS Base Area | 312 |
| FOP Finished Open Porch | 84 |
| FOP Finished Open Porch | 300 |
| FGR Finished Garage | 420 |
| BAS Base Area | 2833 |
| Total Square Footage | 3949 |
| Area Under Air | 3145 |
| Field | Value |
|---|---|
| Total Number of Units Per Parcel | 1 |
| Total Square Feet* | 3949 |
| Acres | .32 |
| Property Use Code | 0100—SINGLE FAMILY |
| Zoning | R-B—LOW DENSITY RESIDENTIAL (50-PALM BEACH) |
Request Structural Details Change
*May indicate living area in residential properties.
Structural Element
for Building 1
| Field | Value |
|---|---|
| Bldg Type | EXC-RESIDENT |
| Exterior Wall 1 | MSY: CB STUCCO |
| Year Built | 1985 |
| Air Condition Desc. | HTG & AC |
| Heat Type | FORCED AIR DUCT |
| Heat Fuel | ELECTRIC |
| Bed Rooms | 4 |
| Full Baths | 4 |
| Half Baths | 0 |
| Exterior Wall 2 | NONE |
| Roof Structure | WOOD TRUSS |
| Roof Cover | BUILT-UP TAR/GRAVEL |
| Interior Wall 1 | DRYWALL |
| Interior Wall 2 | N/A |
| Floor Type 1 | CARPETING |
| Floor Type 2 | MARBLE |
| Stories | 1 |
Sketch
for Building 1
Property Extra Features
| Description | Year Built | Units |
|---|---|---|
| Pool - In-Ground | 1985 | 1 |
Property Land Details
| Land Line # | Description | Zoning | Acres |
|---|---|---|---|
| 1 | SFR | R-B | 0.3191 |
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Improvement Value | $325,896 | $346,696 | $321,379 | $1,091,581 | $939,497 |
| Land Value | $6,522,030 | $6,534,360 | $6,955,560 | $5,617,553 | $4,564,980 |
| Total Market Value | $6,847,926 | $6,881,056 | $7,276,939 | $6,709,134 | $5,504,477 |
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Improvement Value | $325,896 | $346,696 | $321,379 | $1,091,581 | $939,497 | $1,012,456 | $855,553 | $976,900 | $899,966 | $551,974 |
| Land Value | $6,522,030 | $6,534,360 | $6,955,560 | $5,617,553 | $4,564,980 | $2,739,690 | $2,545,785 | $2,314,350 | $2,314,350 | $2,383,228 |
| Total Market Value | $6,847,926 | $6,881,056 | $7,276,939 | $6,709,134 | $5,504,477 | $3,752,146 | $3,401,338 | $3,291,250 | $3,214,316 | $2,935,202 |
P = Preliminary
All values are as of January 1st each year
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Assessed Value | $3,942,502 | $3,838,853 | $3,730,664 | $3,622,004 | $3,516,509 |
| Exemption Amount | $51,411 | $50,722 | $50,000 | $50,000 | $50,000 |
| Taxable Value | $3,891,091 | $3,788,131 | $3,680,664 | $3,572,004 | $3,466,509 |
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Assessed Value | $3,942,502 | $3,838,853 | $3,730,664 | $3,622,004 | $3,516,509 | $3,414,086 | $3,366,949 | $3,291,250 | $3,214,316 | $2,935,202 |
| Exemption Amount | $51411 | $50722 | $50000 | $50000 | $50000 | $50000 | $50000 | $50000 | $0 | $0 |
| Taxable Value | $3,891,091 | $3,788,131 | $3,680,664 | $3,572,004 | $3,466,509 | $3,364,086 | $3,316,949 | $3,241,250 | $3,214,316 | $2,935,202 |
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| AD VALOREM | $57,844 | $56,488 | $54,891 | $53,786 | $53,877 |
| NON AD VALOREM | $1,216 | $1,203 | $1,192 | $1,095 | $1,091 |
| TOTAL TAX | $59,060 | $57,692 | $56,083 | $54,882 | $54,968 |
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| AD VALOREM | $57,844 | $56,488 | $54,891 | $53,786 | $53,877 | $54,754 | $54,885 | $54,559 | $52,384 | $48,891 |
| NON AD VALOREM | $1,216 | $1,203 | $1,192 | $1,095 | $1,091 | $1,182 | $1,164 | $1,165 | $1,174 | $1,150 |
| TOTAL TAX | $59,060 | $57,692 | $56,083 | $54,882 | $54,968 | $55,937 | $56,049 | $55,724 | $53,557 | $50,041 |
BUYERS TAKE NOTE: Taxes will change and often increase substantially when a property sells. The seller’s exemption benefits will GO AWAY the year after they sell and this may result in higher taxes for a buyer. Please use the Property Tax Calculator to get a better annual tax estimate if you are purchasing this property.