Property Detail
Location Address : 1177 N LAKE WAY
Municipality : PALM BEACH
Parcel Control Number : 50-43-43-02-01-000-0392
Subdivision : EL ENCANTO IN
Official Records Book/Page : 09815 / 0700
Sale Date : 05/01/1997
Legal Description : EL ENCANTO S 89 FT 4 INCHES OF LT 39
Owner Information
Owner(s) Mailing Address
SMITH SALLY A
SALLY A SMITH TR TITL HLDR
SMITH SALLY A TR
 1177 N LAKE WAY
PALM BEACH FL 33480 3245
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
05/01/1997 $1,450,000 09815 / 00700 WARRANTY DEED SMITH SALLY A
05/01/1985 $1,300,000 04549 / 01636 WARRANTY DEED
Exemption Information
Applicant/Owner(s) Year Detail
SMITH SALLY A 2026 HOMESTEAD
SMITH SALLY A 2026 ADDITIONAL HOMESTEAD
SMITH SALLY A 2026 QUALIFIED EXEMPTION
Property Information
Total Number of Units Per Parcel : 1
*Total Square Feet : 3444
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 SFR
Exterior Wall 1 MSY: CB STUCCO
Year Built 1944
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 4
Full Baths 4
Half Baths 1
Exterior Wall 2 NONE
Roof Structure GABLE/HIP
Roof Cover CONCRETE TILE
Interior Wall 1 PLASTER
Interior Wall 2 N/A
Floor Type 1 MARBLE
Floor Type 2 HARDWOOD
Stories 2
Subarea and Square Footage for Building 1
Code Description square Footage
FOP Finished Open Porch 36
FST Finished Storage 50
FOP Finished Open Porch 230
FOP Finished Open Porch 95
FGR Finished Garage 598
BAS Base Area 2226
SFB Semi Finished Base Area 209
Total Square Footage 3444
Area Under Air 2435
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
Pool - In-Ground 1944 1
Boat Dock 1997 942
Boat Lift 2010 1
Utility Building 1944 42
Wall 1944 1042

Property Land Details

Land Line # Description Zoning Acres
2 INTRACOASTAL WATERWAY STRIP R-B 0.0216
3 RIGHT-OF-WAY R-B 0.0258
1 INTRACOASTAL R-B 0.3730
Appraisals
Tax Year 2026 2025 2024 2023 2022
Improvement Value $118,771 $121,977 $120,630 $120,734 $16,108
Land Value $20,313,100 $19,500,600 $17,875,600 $17,204,050 $14,988,100
Total Market Value $20,431,871 $19,622,577 $17,996,230 $17,324,784 $15,004,208
Assessed and Taxable Values
Tax Year 2026 2025 2024 2023 2022
Assessed Value $2,684,363 $2,613,791 $2,540,127 $2,466,143 $2,394,314
Exemption Amount $56,411 $55,722 $55,000 $55,000 $50,000
Taxable Value $2,627,952 $2,558,069 $2,485,127 $2,411,143 $2,344,314
Taxes
Tax Year 2026 2025 2024 2023 2022
AD VALOREM $39,120 $38,199 $37,113 $36,359 $36,488
NON AD VALOREM $2,212 $2,681 $1,983 $1,500 $1,408
TOTAL TAX $41,332 $40,879 $39,095 $37,858 $37,896
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov