Property Detail
Location Address : 1157 N LAKE WAY
Municipality : PALM BEACH
Parcel Control Number : 50-43-43-02-01-000-0130
Subdivision : EL ENCANTO IN
Official Records Book/Page : 26068 / 67
Sale Date : 05/07/2013
Legal Description : EL ENCANTO LT 13
Owner Information
Owner(s) Mailing Address
GABELLI MATTHEW
 1157 N LAKE WAY
PALM BEACH FL 33480 3248
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
05/07/2013 $7,300,000 26068 / 00067 WARRANTY DEED GABELLI MATTHEW
05/07/2013 $10 26010 / 01775 WARRANTY DEED LERNER DANIEL M TRUST &
04/20/2006 $10 20378 / 01028 WARRANTY DEED LERNER DANIEL M & ELAINE G TRUST
07/13/2001 $3,675,000 12728 / 01812 REP DEED LERNER DANIEL M &
01/01/1971 $44,000 01962 / 00480
01/01/1970 $110,000 01824 / 01819 WARRANTY DEED
Exemption Information
Applicant/Owner(s) Year Detail
GABELLI MATTHEW 2026 HOMESTEAD
GABELLI MATTHEW 2026 ADDITIONAL HOMESTEAD
Property Information
Total Number of Units Per Parcel : 1
*Total Square Feet : 4489
Acres : .42
Property Use Code : 0100—SINGLE FAMILY
Zoning : R-B—LOW DENSITY RESIDENTIAL (50-PALM BEACH)
Building Details

Structural Details

Structural Element for Building 1
Bldg Type EXC-LUX.RES
Exterior Wall 1 MSY: CB STUCCO
Year Built 2003
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 3
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 MARBLE
Floor Type 2 HARDWOOD
Stories 1
Subarea and Square Footage for Building 1
Code Description square Footage
FOP Finished Open Porch 70
FGR Finished Garage 575
BAS Base Area 3597
FOP Finished Open Porch 247
Total Square Footage 4489
Area Under Air 3597
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
Boat Lift 2003 1
Pool - In-Ground 2003 1
Fountain 2003 1
Wall 2003 1300
Boat Dock 2003 700
Boat Dock 1945 474

Property Land Details

Land Line # Description Zoning Acres
3 RIGHT-OF-WAY R-B 0.0244
2 INTRACOASTAL WATERWAY STRIP R-B 0.0337
1 INTRACOASTAL R-B 0.3603
Appraisals
Tax Year 2026 2025 2024 2023 2022
Improvement Value $2,055,550 $1,700,212 $1,501,574 $2,678,836 $2,557,785
Land Value $19,616,850 $18,832,200 $17,262,900 $16,989,605 $14,793,150
Total Market Value $21,672,400 $20,532,412 $18,764,474 $19,668,441 $17,350,935
Assessed and Taxable Values
Tax Year 2026 2025 2024 2023 2022
Assessed Value $10,642,799 $20,532,412 $10,070,941 $9,777,613 $9,492,828
Exemption Amount $51,411 $0 $50,000 $50,000 $50,000
Taxable Value $10,591,388 $20,532,412 $10,020,941 $9,727,613 $9,442,828
Taxes
Tax Year 2026 2025 2024 2023 2022
AD VALOREM $157,162 $305,296 $149,173 $146,198 $146,481
NON AD VALOREM $1,466 $1,453 $1,442 $1,322 $1,318
TOTAL TAX $158,628 $306,749 $150,615 $147,520 $147,798
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov