Property Detail

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 Information

Owner(s)	Mailing Address
RICH THOMAS L	1123 N LAKE WAY PALM BEACH FL 33480 3214

Sales Information

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

Exemption Information

Applicant/Owner(s)	Year	Detail
RICH THOMAS L	2026	HOMESTEAD
RICH THOMAS L	2026	ADDITIONAL HOMESTEAD

Property Information

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)

Building Details

Structural Details

Structural Element for Building 1 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 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

Sketch for Building 1

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Property Extra Feature
Description	Year Built	Units
Pool - In-Ground	1985	1

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Property Land Details
Land Line #	Description	Zoning	Acres
1	SFR	R-B	0.3191

Appraisals

Tax Year	2026	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

Assessed and Taxable Values

Tax Year	2026	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

Taxes

Tax Year	2026	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

Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov