Property Detail
Location Address : 1050 N LAKE WAY
Municipality : PALM BEACH
Parcel Control Number : 50-43-43-03-18-000-0152
Subdivision : CORAL ESTATES IN
Official Records Book/Page : 35526 / 168
Sale Date : 01/23/2025
Legal Description : CORAL ESTATES LOTS 15 & 16 (LESS S 100 FT) & UNDIV INT IN LTS 1-A & 15-A
Owner Information
Owner(s) Mailing Address
CFH LAND TRUST
 10 BANK ST STE 840
WHITE PLAINS NY 10606 1952
Sales Information
Sales Date Price OR Book/Page Sale Type Owner
01/23/2025 $23,750,000 35526 / 00168 WARRANTY DEED CFH LAND TRUST
05/01/1995 $3,900,000 08770 / 00650 WARRANTY DEED ENGELBERG ALFRED B &
06/01/1984 $100 04263 / 01165 QUIT CLAIM
01/01/1980 $600,000 03295 / 01927
Exemption Information
No Exemption Information Available.
Property Information
Number of Units : 1
*Total Square Feet : 8564
Acres : .41
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 1963
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 PLYWOOD PNL.
Interior Wall 2 DRYWALL
Floor Type 1 HARDWOOD
Floor Type 2 CERAMIC/QUARRY TILE
Stories 2
Subarea and Square Footage for Building 1
Code Description square Footage
UOP Unfinished Open Porch 672
BAS Base Area 4311
FUS Finished Upper Story 2036
FOP Finished Open Porch 234
FGR Finished Garage 639
FEP Finished Enclosed Porch 672
Total Square Footage 8564
Area Under Air 6347
Sketch for Building 1
Building 1 Layout

Property Extra Feature

Description Year Built Units
Elevator 2009 1
Boat Dock 1995 1167
Pool - In-Ground 1963 1
Wall 1963 210
Boat Lift 2005 1

Property Land Details

Land Line # Description Zoning Acres
2 INTRACOASTAL WATERWAY STRIP R-B 0.0188
1 OCEAN VIEW R-B 0.3918
Appraisals
Tax Year 2025 2024 2023 2022 2021
Improvement Value $1,330,991 $1,815,881 $3,343,332 $3,242,422 $3,921,255
Land Value $20,479,500 $18,772,900 $17,517,910 $15,273,400 $7,740,092
Total Market Value $21,810,491 $20,588,781 $20,861,242 $18,515,822 $11,661,347
Assessed and Taxable Values
Tax Year 2025 2024 2023 2022 2021
Assessed Value $21,810,491 $5,663,460 $5,498,505 $5,338,354 $5,182,868
Exemption Amount $0 $50,000 $50,000 $50,000 $50,000
Taxable Value $21,810,491 $5,613,460 $5,448,505 $5,288,354 $5,132,868
Taxes
Tax Year 2025 2024 2023 2022 2021
AD VALOREM $324,339 $83,632 $81,958 $82,107 $83,453
NON AD VALOREM $1,455 $1,442 $1,322 $1,318 $1,434
TOTAL TAX $325,794 $85,074 $83,279 $83,424 $84,887
Dorothy Jacks, CFA, AAS  PALM BEACH COUNTY PROPERTY APPRAISER   www.pbcpao.gov