Property Detail
Location Address :
1118 N LAKE WAY
Municipality :
PALM BEACH
Parcel Control Number :
50-43-43-03-11-000-0381
Subdivision :
EL ENCANTO PL 2
Official Records Book/Page :
31432
/
1128
Sale Date :
05/08/2020
Legal Description :
EL ENCANTO PL 2 LT 38 (LESS S 7 FT), 6 FT STRIP LYG N & ADJ TO LT 38 & 20 FT ABNDED RD LYG E & ADJ THERETO
Owner Information
Owner(s)
Mailing Address
SCHAEFFER EDITH F TRUST &
SCHAEFFER EDITH F TR
3150 SOUTH ST NW APT PH2C
WASHINGTON DC 20007 4455
Sales Information
Sales Date
Price
OR Book/Page
Sale Type
Owner
05/08/2020
$12,697,175
31432 / 01128
WARRANTY DEED
SCHAEFFER EDITH F TRUST &
02/13/2015
$12,730,000
27341 / 00491
WARRANTY DEED
1120 NORTH LAKE WAY LLC
10/02/2014
$10
27138 / 00535
WARRANTY DEED
SUNSHINE PROPERTIES PALM BEACH LLC
04/18/2013
$7,800,000
25998 / 00217
WARRANTY DEED
APPLE STEVEN L
09/01/1985
$1,900,000
04648 / 00251
LIFE ESTATE
11/01/1984
$24,300
04387 / 01361
WARRANTY DEED
04/01/1982
$1,450,000
03716 / 01822
WARRANTY DEED
WAFFENSCHMIDT FRIEDRICH &
01/01/1975
$125,000
02475 / 00865
Exemption Information
No Exemption Information Available.
Appraisals
Tax Year
2026
2025
2024
2023
2022
Improvement Value
$6,043,973
$4,285,692
$30,207
$31,369
$32,918
Land Value
$25,904,050
$24,867,900
$22,795,600
$19,005,385
$16,625,650
Total Market Value
$31,948,023
$29,153,592
$22,825,807
$19,036,754
$16,658,568
Assessed and Taxable Values
Tax Year
2026
2025
2024
2023
2022
Assessed Value
$19,877,576
$18,070,524
$12,559,553
$11,417,775
$10,379,795
Exemption Amount
$0
$0
$0
$0
$0
Taxable Value
$19,877,576
$18,070,524
$12,559,553
$11,417,775
$10,379,795
Taxes
Tax Year
2026
2025
2024
2023
2022
AD VALOREM
$370,532
$338,747
$251,587
$220,606
$201,767
NON AD VALOREM
$217
$205
$0
$0
$0
TOTAL TAX
$370,749
$338,952
$251,587
$220,606
$201,767
Dorothy Jacks, CFA, AAS PALM BEACH COUNTY PROPERTY APPRAISER www.pbcpao.gov