Property Detail
Location Address : 1040 N LAKE WAY
Municipality : PALM BEACH
Parcel Control Number : 50-43-43-03-18-000-0151
Subdivision : CORAL ESTATES IN
Official Records Book/Page : 33486 / 1606
Sale Date : 02/08/2022
Legal Description : CORAL ESTATES S 100 FT OF LTS 15 & 16 & UNDIV INT IN LTS 1-A & 15-A
Owner Information
Owner(s) Mailing Address
1040 N LAKEWAY LLC
 29 COMMONWEALTH AVE UNIT PH
BOSTON MA 02116 2349
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
02/08/2022 $32,000,000 33486 / 01606 WARRANTY DEED 1040 N LAKEWAY LLC
03/26/2021 $24,000,000 32356 / 00720 WARRANTY DEED 1040 NORTH LAKE HOLDINGS LLC
01/13/2011 $6,900,000 24317 / 00114 WARRANTY DEED GARDEN EDWARD &
09/04/2007 $9,800,000 22082 / 01276 WARRANTY DEED NEDERLANDER JAMES &
01/01/1994 $1,000,000 08190 / 00210 WARRANTY DEED MEYER SYDELLE TR
01/01/1994 $1,000,000 08190 / 00208 WARRANTY DEED
05/10/1988 $2,700,000 05691 / 01570 WARRANTY DEED
04/01/1986 $2,550,000 04862 / 01976 WARRANTY DEED
06/01/1985 $850,000 04586 / 01397 WARRANTY DEED
Exemption Information
No Exemption Information Available.
Property Information
Total Number of Units Per Parcel : 1
*Total Square Feet : 6686
Acres : .44
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 1954
Air Condition Desc. HTG & AC
Heat Type FORCED AIR DUCT
Heat Fuel ELECTRIC
Bed Rooms 5
Full Baths 5
Half Baths 1
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 MARBLE
Stories 2
Subarea and Square Footage for Building 1
Code Description square Footage
FGR Finished Garage 399
FOP Finished Open Porch 75
FEP Finished Enclosed Porch 795
BAS Base Area 4456
FUS Finished Upper Story 600
FST Finished Storage 361
Total Square Footage 6686
Area Under Air 5056
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
Boat Dock 1954 610
Wall 1954 630
Pool - In-Ground 2018 1
Boat Lift 2011 1

Property Land Details

Land Line # Description Zoning Acres
1 INTRACOASTAL R-B 0.4231
2 INTRACOASTAL WATERWAY STRIP R-B 0.0195
Appraisals
Tax Year 2026 2025 2024 2023 2022
Improvement Value $1,024,199 $6,394,949 $5,561,195 $9,903,478 $10,416,467
Land Value $23,039,050 $22,117,500 $20,274,400 $18,043,435 $15,751,150
Total Market Value $24,063,249 $28,512,449 $25,835,595 $27,946,913 $26,167,617
Assessed and Taxable Values
Tax Year 2026 2025 2024 2023 2022
Assessed Value $24,063,249 $28,459,852 $25,835,595 $27,946,913 $26,167,617
Exemption Amount $0 $0 $0 $0 $0
Taxable Value $24,063,249 $28,459,852 $25,835,595 $27,946,913 $26,167,617
Taxes
Tax Year 2026 2025 2024 2023 2022
AD VALOREM $356,690 $423,502 $384,186 $419,556 $405,470
NON AD VALOREM $1,466 $1,453 $1,442 $1,322 $1,318
TOTAL TAX $358,155 $424,955 $385,627 $420,878 $406,788
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov