Property Detail
Location Address :
1197 N LAKE WAY
Municipality :
PALM BEACH
Parcel Control Number :
50-43-43-03-09-000-0020
Subdivision :
MOCKINGBIRD TRAIL TRACT
Official Records Book/Page :
30971
/
1814
Sale Date :
10/17/2019
Legal Description :
MOCKING BIRD TRAIL TRACT LTS 2 & 6 & LTS 3 & 7 (LESS S 115 FT)
Owner Information
Owner(s)
Mailing Address
1197 N LAKE WAY LAND TRUST
HANLON M TIMOTHY TR
ALLEY MAASS ROGERS & LINDSAY PA C/O 340 ROYAL POINCIANA WAY STE 321
PALM BEACH FL 33480 4054
Sales Information
Sales Date
Price
OR Book/Page
Sale Type
Owner
10/17/2019
$10
30971 / 01814
QUIT CLAIM
1197 N LAKE WAY LAND TRUST
10/17/2019
$17,100,000
30971 / 01811
WARRANTY DEED
1197 N LAKE WAY LAND TRUST
09/01/1997
$3,500,000
09964 / 00706
WARRANTY DEED
MERCK GEORGE F &
01/01/1976
$340,000
02548 / 00606
01/01/1974
$285,000
02220 / 01222
WARRANTY DEED
01/01/1969
$250,000
01769 / 01364
WARRANTY DEED
Exemption Information
No Exemption Information Available.
Property Information
Total Number of Units Per Parcel :
1
*Total Square Feet :
14310
Acres :
.83
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
WSF: WOOD SIDING
Year Built
2002
Air Condition Desc.
HTG & AC
Heat Type
FORCED AIR DUCT
Heat Fuel
ELECTRIC
Bed Rooms
5
Full Baths
7
Half Baths
3
Roof Structure
WOOD TRUSS
Roof Cover
WOOD SHAKES
Interior Wall 1
DRYWALL
Interior Wall 2
N/A
Floor Type 1
HARDWOOD
Stories
2
Subarea and Square Footage for Building 1
Code Description
square Footage
NVA No Value Area
36
NVA No Value Area
8
NVA No Value Area
32
NVA No Value Area
36
NVA No Value Area
28
NVA No Value Area
196
FUS Finished Upper Story
4434
FUS Finished Upper Story
120
UOP Unfinished Open Porch
48
UOP Unfinished Open Porch
360
BAS Base Area
5324
FGR Finished Garage
714
NVA No Value Area
48
NVA No Value Area
8
NVA No Value Area
18
NVA No Value Area
858
NVA No Value Area
88
NVA No Value Area
24
NVA No Value Area
28
NVA No Value Area
18
NVA No Value Area
61
NVA No Value Area
16
NVA No Value Area
40
FOP Finished Open Porch
112
FOP Finished Open Porch
360
FOP Finished Open Porch
585
FOP Finished Open Porch
240
FOP Finished Open Porch
470
Total Square Footage
14310
Area Under Air
9878
Sketch for Building 1
Property Extra Feature
Description
Year Built
Units
Pool - In-Ground
2002
1
Boat Dock
2002
775
Boat Lift
2008
1
Bbq
2002
1
Boat Lift
2002
1
Property Land Details
Land Line #
Description
Zoning
Acres
2
INTRACOASTAL WATERWAY STRIP
R-B
0.1221
1
INTRACOASTAL
R-B
0.7035
Appraisals
Tax Year
2026
2025
2024
2023
2022
Improvement Value
$4,191,013
$3,106,851
$2,746,897
$5,015,169
$4,742,284
Land Value
$35,979,000
$36,771,900
$33,707,600
$23,915,785
$21,089,650
Total Market Value
$40,170,013
$39,878,751
$36,454,497
$28,930,954
$25,831,934
Assessed and Taxable Values
Tax Year
2026
2025
2024
2023
2022
Assessed Value
$28,139,153
$25,581,048
$23,255,498
$21,141,362
$19,219,420
Exemption Amount
$0
$0
$0
$0
$0
Taxable Value
$28,139,153
$25,581,048
$23,255,498
$21,141,362
$19,219,420
Taxes
Tax Year
2026
2025
2024
2023
2022
AD VALOREM
$492,745
$470,740
$429,157
$367,684
$340,914
NON AD VALOREM
$2,464
$2,451
$2,440
$2,229
$2,225
TOTAL TAX
$495,209
$473,192
$431,597
$369,913
$343,139
Dorothy Jacks, CFA, AAS PALM BEACH COUNTY PROPERTY APPRAISER www.pbcpao.gov