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Sold for $19,200,000
  • $19,200,000

    1221 N Lake Way, Palm Beach, FL 33480

    5beds
    3,202sqft
    Single Family Residence
    Built in 1940
    0.34 Acres Lot
    $19,566,700 Zestimate®
    $5,996/sqft
    $145,265 Estimated rent

    Home value

    $19,566,700

    $17.41M - $21.91M

    $145,265/mo

    Zestimate® history
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    What's special

    A beautifully renovated, masterful landmark of Modernist architecture, the Boat House combines the very best elements of life in Palm Beach - the perfect spot on the lakefront with dock and boat-lift, deeded ocean access at the Mockingbird neighborhood beach cabana, and an incredibly elegant, exquisitely renovated, move-in ready home. This nautically themed Art Moderne home faces prow-forward toward dramatic sunsets, its rooftop deck overlooking the pool, dock and sparkling Intracoastal. Sea-going touches include seamed hardwood floors, porthole windows and white-piped terrace railings. The house received a full renovation a few years ago and the current owners then made meaningful improvements of their own. Those improvements include all new AC units including one for the garage, a high-end water filtration system, an oversized wine and beverage fridge, a smart home tech center and electric awning for the dining terrace. And to top it all off- an outdoor infrared sauna! Mockingbird is one of the very few Palm Beach streets with both a private neighborhood beach cabanas and direct lake trail access. (video available)

    Zillow last checked:

    Listing updated:

    Listed by:

    John F Cregan 847-651-7210,

    Sotheby's Intl. Realty, Inc.,

    Lisa Cregan 847-651-7210,

    Sotheby's Intl. Realty, Inc.

    Bought with:

    John F Cregan, 3439962

    Sotheby's Intl. Realty, Inc.

    Source: BeachesMLS,MLS#: R10996763MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    • Main level bathrooms: 3
    • Main level bedrooms: 3
    Primary bedroom
    • Level: Second
    • Area: 198
    • Dimensions: 16.5 X 12
    Dining room
    • Level: Main
    • Area: 198.66
    • Dimensions: 15.4 X 12.9
    Family room
    • Level: Main
    • Area: 434
    • Dimensions: 35 X 12.4
    Kitchen
    • Level: Main
    • Area: 252.07
    • Dimensions: 19.39 X 13
    Living room
    • Level: Main
    • Area: 504.31
    • Dimensions: 29 X 17.39
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Dishwasher, Electric Water Heater, Free-Standing Freezer, Disposal, Gas Range, Ice Maker, Microwave, Water Purifier Owned, Refrigerator, Water Heater, Water Purifier, Washer
    • Laundry: Inside, Laundry Closet
    Features
    • Breakfast Area, Bathtub, Entrance Foyer, Elevator, Family/Dining Room, Kitchen Island, Pantry, Soaking Tub, Separate Shower, Upper Level Primary, Walk-In Closet(s)
    • Flooring: Terrazzo, Wood
    • Has fireplace: Yes
    Interior area
    • Total structure area: 5,636
    • Total interior livable area: 3,202 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Garage
    • Attached garage spaces: 2
    • Details: CarportSpaces:0.00
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Entry Level Living Area Y
    • Patio & porch: Covered, Deck, Open, Patio, Balcony
    • Exterior features: Balcony, Outdoor Living Area
    • Has private pool: Yes
    • Pool features: Heated, In Ground
    • Has view: Yes
    • View description: Intercoastal, Pool
    • Has water view: Yes
    • Water view: Intercoastal
    • Waterfront features: Intracoastal Access, Navigable Water, No Fixed Bridges, Ocean Access, Seawall
    Lot
    • Size: 0.34 Acres
    • Features: 1/4 to 1/2 Acre Lot
    Details
    • Parcel number: 50434303090000011
    • Zoning: R-B(ci

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Art Deco,Colonial
    • Property subtype: Single Family Residence
    Materials
    • Block
    • Roof: Tar/Gravel
    Condition
    • Resale
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Electric: 3 Phase
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Security: Security System Owned, Security System
    • Pet deposit fee: $0
    • Subdivision: MOCKINGBIRD TRAIL TRACT
    HOA
    • Has HOA: No
    • Amenities included: Beach Rights, Beach Access
    Location
    • Region: Palm Beach

    Financial & listing details

    • Price per square foot: $5,996/sqft
    • Tax assessed value: $13,512,353
    • Annual tax amount: $216,985
    • Date on market: 6/17/2024
    • Cumulative days on market: 306 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    5/23/2025Sold$19,200,000-18.3%$5,996/sqft
    Source: BeachesMLS #R10996763 Report a problem
    4/18/2025Pending sale$23,500,000$7,339/sqft
    Source: BeachesMLS #RX-10996763 Report a problem
    1/30/2025Price change$23,500,000-5.8%$7,339/sqft
    Source: BeachesMLS #RX-10996763 Report a problem
    6/17/2024Listed for sale$24,950,000-16.8%$7,792/sqft
    Source: Palm Beach BOR #24-961 Report a problem
    5/1/2024Listing removed$30,000,000$9,369/sqft
    Source: Brown Harris Stevens #10932029 Report a problem
    10/31/2023Listed for sale$30,000,000+109.8%$9,369/sqft
    Source: Palm Beach BOR #23-1749 Report a problem
    4/19/2021Sold$14,300,000-4%$4,466/sqft
    Source: Palm Beach BOR #20-1945 Report a problem
    2/26/2021Pending sale$14,900,000$4,653/sqft
    Source: BeachesMLS #RX-10669777 Report a problem
    2/24/2021Listing removed--
    Source: BeachesMLS #RX-10669777 Report a problem
    2/13/2021Price change$14,900,000+7.2%$4,653/sqft
    Source: BeachesMLS #RX-10669777 Report a problem
    11/9/2020Listed for sale$13,900,000+40.4%$4,341/sqft
    Source: Premier Estate Properties #RX-10669777 Report a problem
    8/11/2020Listing removed$9,900,000$3,092/sqft
    Source: Premier Estate Properties #RX-10630028 Report a problem
    7/8/2020Price change$9,900,000-29%$3,092/sqft
    Source: Premier Estate Properties #RX-10630028 Report a problem
    6/11/2020Listed for sale$13,950,000+40.9%$4,357/sqft
    Source: Premier Estate Properties #RX-10630028 Report a problem
    6/11/2020Listing removed$40,000$12/sqft
    Source: Premier Estate Properties #RX-10610247 Report a problem
    3/19/2020Price change$40,000-33.3%$12/sqft
    Source: Premier Estate Properties #RX-10610247 Report a problem
    3/17/2020Listed for rent$60,000$19/sqft
    Source: Premier Estate Properties #RX-10610247 Report a problem
    10/16/2018Listing removed$9,900,000$3,092/sqft
    Source: Brown Harris Stevens #2000172731 Report a problem
    5/21/2018Listed for sale$9,900,000+67.8%$3,092/sqft
    Source: Brown Harris Stevens #2000172731 Report a problem
    8/7/2017Sold$5,900,000-15.7%$1,843/sqft
    Source: Agent Provided Report a problem
    6/6/2017Pending sale$6,995,000$2,185/sqft
    Source: The Corcoran Group #9832 Report a problem
    3/20/2017Price change$6,995,000-12.5%$2,185/sqft
    Source: The Corcoran Group #9832 Report a problem
    11/3/2016Price change$7,995,000-11.1%$2,497/sqft
    Source: The Corcoran Group #9832 Report a problem
    4/19/2016Price change$8,995,000-7.7%$2,809/sqft
    Source: The Corcoran Group #9832 Report a problem
    2/12/2016Listed for sale$9,750,000+50%$3,045/sqft
    Source: The Corcoran Group #RX-10207558 Report a problem
    7/24/2001Sold$6,500,000$2,030/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$200,280 +10.7%$13,297,273 +10%
    2024$180,952 -16.6%$12,088,430 -14.6%
    2023$216,985 +8.3%$14,147,526 +10%
    2022$200,379 +127.2%$12,861,387 +154.8%
    2021$88,186 +14.7%$5,047,655 +10%
    2020$76,851 -25.5%$4,588,777 -24.5%
    2019$103,104 $6,075,987 +6.4%
    2018$103,104 +9.5%$5,707,846 -5%
    2017$94,195 +1.8%$6,007,989 +28.9%
    2016$92,529 +0.3%$4,662,404 +10%
    2015$92,250 +29%$4,238,549 +9.9%
    2014$71,528 +12.7%$3,857,808 +10%
    2013$63,478 +8.3%$3,507,098 +10%
    2012$58,630 -2.3%$3,188,271
    2011$60,008 -1%$3,188,271 0%
    2010$60,605 -28.5%$3,188,376 -31.1%
    2009$84,729 -18.7%$4,624,256 -24.7%
    2008$104,259 +28.7%$6,140,477 +27.8%
    2007$80,985 -0.3%$4,803,957 +9%
    2006$81,208 $4,405,977 +306.3%
    2005-- $1,084,477 +3%
    2004$11,203 +10672.2%$1,052,890 +1.9%
    2003$104 -99.5%$1,033,258 +2.4%
    2002$19,913 +0.3%$1,009,041 +1.6%
    2001$19,858 +2%$993,151 +3%
    2000$19,475 +2.9%$964,224 -17.4%
    1999$18,935 $1,166,658
    Find assessor info on the county website

    Neighborhood: 33480

    Nearby schools

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    Estimated market value
    $19,566,700
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    Estimated market value
    $19,566,700