| Field | Value |
|---|---|
| Location Address | 1118 N LAKE WAY |
| Municipality | PALM BEACH |
| Parcel Control Number | 50-43-43-03-11-000-0381 |
| Subdivision | EL ENCANTO PL 2 |
| Official Records Book/Page | 31432 / 1128 |
| Sale Date | 05/08/2020 |
| Legal Description | EL ENCANTO PL 2 LT 38 (LESS S 7 FT), 6 FT STRIP LYG N & ADJ TO LT 38 & 20 FT ABNDED RD LYG E & ADJ THERETO |
| Owner(s) | Mailing Address | Actions |
|---|---|---|
|
SCHAEFFER EDITH F TRUST & SCHAEFFER EDITH F TR |
3150 SOUTH ST NW APT PH2C
WASHINGTON DC 20007 4455 |
| Sales Date | Price | OR Book/Page | Sale Type | Owner |
|---|---|---|---|---|
| 05/08/2020 | $12,697,175 | 31432 / 01128 | WARRANTY DEED | SCHAEFFER EDITH F TRUST & |
| 02/13/2015 | $12,730,000 | 27341 / 00491 | WARRANTY DEED | 1120 NORTH LAKE WAY LLC |
| 10/02/2014 | $10 | 27138 / 00535 | WARRANTY DEED | SUNSHINE PROPERTIES PALM BEACH LLC |
| 04/18/2013 | $7,800,000 | 25998 / 00217 | WARRANTY DEED | APPLE STEVEN L |
| 09/01/1985 | $1,900,000 | 04648 / 00251 | LIFE ESTATE | |
| 11/01/1984 | $24,300 | 04387 / 01361 | WARRANTY DEED | |
| 04/01/1982 | $1,450,000 | 03716 / 01822 | WARRANTY DEED | WAFFENSCHMIDT FRIEDRICH & |
| 01/01/1975 | $125,000 | 02475 / 00865 |
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.
No Exemption Information Available.
SUBAREA AND SQUARE FOOTAGE
FOR BUILDING 1
| Code Description | square Footage |
|---|---|
| BLC Balcony | 30 |
| BLC Balcony | 96 |
| FGR Finished Garage | 473 |
| FOP Finished Open Porch | 566 |
| BLC Balcony | 566 |
| BLC Balcony | 30 |
| BAS Base Area | 3799 |
| FUS Finished Upper Story | 3622 |
| FOP Finished Open Porch | 96 |
| Total Square Footage | 9278 |
| Area Under Air | 7421 |
| Field | Value |
|---|---|
| Total Number of Units Per Parcel | 1 |
| Total Square Feet* | 9278 |
| Acres | .53 |
| 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-LUX.RES |
| Exterior Wall 1 | MSY: CB STUCCO |
| Year Built | 2024 |
| Air Condition Desc. | HTG & AC |
| Heat Type | FORCED AIR DUCT |
| Heat Fuel | ELECTRIC |
| Bed Rooms | 6 |
| Full Baths | 4 |
| Half Baths | 1 |
| Exterior Wall 2 | NONE |
| Roof Structure | WOOD TRUSS |
| Roof Cover | CONCRETE TILE |
| Interior Wall 1 | DRYWALL |
| Interior Wall 2 | N/A |
| Floor Type 1 | HARDWOOD |
| Floor Type 2 | MARBLE |
| Stories | 2 |
Sketch
for Building 1
Property Extra Features
| Description | Year Built | Units |
|---|---|---|
| Boat Dock | 2017 | 900 |
| Wall | 1976 | 1310 |
| Elevator | 2024 | 1 |
| Pool - In-Ground | 2024 | 1 |
Property Land Details
| Land Line # | Description | Zoning | Acres |
|---|---|---|---|
| 1 | INTRACOASTAL | R-B | 0.4757 |
| 2 | INTRACOASTAL WATERWAY STRIP | R-B | 0.0554 |
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Improvement Value | $6,043,973 | $4,285,692 | $30,207 | $31,369 | $32,918 |
| Land Value | $25,904,050 | $24,867,900 | $22,795,600 | $19,005,385 | $16,625,650 |
| Total Market Value | $31,948,023 | $29,153,592 | $22,825,807 | $19,036,754 | $16,658,568 |
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Improvement Value | $6,043,973 | $4,285,692 | $30,207 | $31,369 | $32,918 | $2,001,809 | $2,181,298 | $2,396,632 | $1,699,305 | $1,635,227 |
| Land Value | $25,904,050 | $24,867,900 | $22,795,600 | $19,005,385 | $16,625,650 | $9,408,542 | $8,277,890 | $9,090,000 | $8,564,499 | $9,015,263 |
| Total Market Value | $31,948,023 | $29,153,592 | $22,825,807 | $19,036,754 | $16,658,568 | $11,410,351 | $10,459,188 | $11,486,632 | $10,263,804 | $10,650,490 |
P = Preliminary
All values are as of January 1st each year
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Assessed Value | $19,877,576 | $18,070,524 | $12,559,553 | $11,417,775 | $10,379,795 |
| Exemption Amount | $0 | $0 | $0 | $0 | $0 |
| Taxable Value | $19,877,576 | $18,070,524 | $12,559,553 | $11,417,775 | $10,379,795 |
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Assessed Value | $19,877,576 | $18,070,524 | $12,559,553 | $11,417,775 | $10,379,795 | $11,410,351 | $10,459,188 | $11,290,184 | $10,263,804 | $10,650,490 |
| Exemption Amount | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Taxable Value | $19,877,576 | $18,070,524 | $12,559,553 | $11,417,775 | $10,379,795 | $11,410,351 | $10,459,188 | $11,290,184 | $10,263,804 | $10,650,490 |
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| AD VALOREM | $370,532 | $338,747 | $251,587 | $220,606 | $201,767 |
| NON AD VALOREM | $217 | $205 | $0 | $0 | $0 |
| TOTAL TAX | $370,749 | $338,952 | $251,587 | $220,606 | $201,767 |
| Tax Year | 2026 P | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| AD VALOREM | $370,532 | $338,747 | $251,587 | $220,606 | $201,767 | $185,134 | $172,513 | $190,827 | $167,269 | $177,403 |
| NON AD VALOREM | $217 | $205 | $0 | $0 | $0 | $178 | $173 | $175 | $175 | $172 |
| TOTAL TAX | $370,749 | $338,952 | $251,587 | $220,606 | $201,767 | $185,312 | $172,686 | $191,002 | $167,444 | $177,575 |
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.