Exceptional waterfront development opportunity in the Town of Palm Beach Shores. Spanning approximately 0.42 acres along the Intracoastal Waterway, this property offers direct access to the Atlantic Ocean within minutes and no fixed bridges. Positioned across from Peanut Island and just north of the Palm Beach Inlet, the location provides outstanding boating convenience and wide water views. Zoned C, the parcel allows for multiple potential uses including single-family, multi-family, or hospitality (subject to town approvals). The property features approximately 75 ft of waterfront with an existing 99 ft dock and is located in an area experiencing continued coastal enhancement and investment. Palm Beach Shores is a unique seaside municipality situated on the southern tip of Singer Island bordered by the Atlantic Ocean, Lake Worth Lagoon, and the Palm Beach Inlet. Residents enjoy walkable access to the beach, a community pavilion, local parks, and nearby marinas. Close to waterfront dining, shopping, golf courses, and Palm Beach International Airport.
Buyer to verify zoning, permitted uses, and development requirements with the Town of Palm Beach Shores.
Sold for $6,625,000
$6,625,000
206 Lake Drive, Palm Beach Shores, FL 33404
3beds
1,686sqft
Single Family Residence
Built in 1953
0.42 Acres Lot
$6,733,500 Zestimate®
$3,929/sqft
$3,737 Estimated rent
Home value
$6,733,500
$6.06M - $7.47M
$3,737/mo
Zestimate® history
Owner options
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$3,737/mo
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$3,737/mo
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$45,014/mo
Est. payment
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$45,014/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Kevin M Spina 561-722-1169,
The Keyes Company (PBG)
Bought with:
Kevin M Spina, 3081899
The Keyes Company (PBG)
Source: BeachesMLS,MLS#: R11168153
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 144
- Dimensions: 12 X 12
Kitchen
- Level: Main
- Area: 144
- Dimensions: 12 X 12
Living room
- Level: Main
- Area: 150
- Dimensions: 15 X 10
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Refrigerator
Features
- None, Split Bedrooms
Interior area
- Total structure area: 2,318
- Total interior livable area: 1,686 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage, Open
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Intercoastal
- Has water view: Yes
- Water view: Intercoastal
- Waterfront features: Intracoastal Access, Navigable Water, No Fixed Bridges, Ocean Access, Seawall
Lot
- Size: 0.42 Acres
- Dimensions: 75 x 242 (.42ACRES)
- Features: 1/4 to 1/2 Acre Lot
Details
- Parcel number: 54434227040005350
- Zoning: DISTRIC C - MUL
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Block
- Roof: Composition,Other,Shingle
Condition
- Resale
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Features: Boat Facilities
- Subdivision: PALM BEACH SHORES
HOA
- Has HOA: No
- Amenities included: Boating
Location
- Region: Palm Beach Shores
Financial & listing details
- Price per square foot: $3,929/sqft
- Tax assessed value: $2,334,323
- Annual tax amount: $12,511
- Date on market: 3/3/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2026 | Sold | $6,625,000-5.4%$3,929/sqft |
Source:  BeachesMLS #R11168153 Report a problem | ||
| 3/11/2026 | Pending sale | $7,000,000$4,152/sqft |
Source: BeachesMLS #R11168153 Report a problem | ||
| 3/3/2026 | Listed for sale | $7,000,000-22.2%$4,152/sqft |
Source: BeachesMLS #RX-11168153 Report a problem | ||
| 11/6/2025 | Listing removed | $9,000,000$5,338/sqft |
Source: BeachesMLS #RX-11098520 Report a problem | ||
| 5/21/2025 | Price change | $9,000,000-25%$5,338/sqft |
Source: BeachesMLS #RX-11087824 Report a problem | ||
| 5/5/2025 | Listed for sale | $12,000,000$7,117/sqft |
Source: BeachesMLS #RX-11087824 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,511 +3% | $677,217 +2.9% |
| 2024 | $12,142 +2.5% | $658,131 +3% |
| 2023 | $11,848 +1.2% | $638,962 +3% |
| 2022 | $11,711 +0.6% | $620,351 +3% |
| 2021 | $11,641 +0.7% | $602,283 +1.4% |
| 2020 | $11,561 +1.4% | $593,967 +2.3% |
| 2019 | $11,401 | $580,613 +1.9% |
| 2018 | $11,401 +7% | $569,787 +2.1% |
| 2017 | $10,651 +0.8% | $558,068 +2.1% |
| 2016 | $10,565 -0.1% | $546,590 +0.7% |
| 2015 | $10,574 -2.3% | $542,790 +0.8% |
| 2014 | $10,822 +2% | $538,482 +1.5% |
| 2013 | $10,606 +0.5% | $530,524 +1.7% |
| 2012 | $10,553 +1.2% | $521,656 +3% |
| 2011 | $10,429 +1.8% | $506,462 +1.5% |
| 2010 | $10,247 +7.6% | $498,977 +2.7% |
| 2009 | $9,525 +7.9% | $485,859 +0.1% |
| 2008 | $8,827 -1.3% | $485,374 +3% |
| 2007 | $8,941 -4.5% | $471,237 +2.5% |
| 2006 | $9,358 | $459,743 +3% |
| 2005 | -- | $446,352 +3% |
| 2004 | $5,524 +5211.4% | $433,351 +1.9% |
| 2003 | $104 -98.9% | $425,271 +2.4% |
| 2002 | $9,068 +0.5% | $415,304 +1.6% |
| 2001 | $9,020 +4.1% | $408,764 +3% |
| 2000 | $8,661 +4.1% | $396,858 +0.3% |
| 1999 | $8,319 | $395,847 |
Find assessor info on the county website
Neighborhood: 33404
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Nearby schools
GreatSchools rating
- 5/10Lincoln Elementary SchoolGrades: PK-5Distance: 2.2 mi
- 4/10John F. Kennedy Middle SchoolGrades: 6-8Distance: 2.7 mi
- 6/10William T. Dwyer High SchoolGrades: PK,9-12Distance: 7.8 mi
Schools provided by the listing agent
- Elementary: Lincoln
- Middle: John F. Kennedy (Palm Beach)
- High: William T. Dwyer
Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$6,733,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$6,733,500
- Florida
- Palm Beach County
- Palm Beach Shores
- 33404
- 206 Lake Drive
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