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Sold for $22,000,000
  • $22,000,000

    3 S Lake Trl, Lake Park, FL 33480

    --beds
    0baths
    0.7Acres
    Single Family Residence, Land
    Built in ----
    0.7 Acres Lot
    $-- Zestimate®
    $--/sqft
    $81,865 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $81,865/mo

    Zestimate® history
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    What's special

    A once-in-a-lifetime opportunity to own one of Palm Beach's most storied parcels, originally acquired from Henry Flagler interests, nearly a century ago. This 30,324 SF property (~201 frontage x ~151' deep) crowns Chapel Hill, one of the island's highest points (Elevation: 16.6'), capturing ocean breezes and potential vistas of The Breakers and its renowned golf course. Enveloped by mature trees on a picturesque cul-de-sac of only five homes, it offers exceptional privacy and tranquility in the very heart of Palm Beach. Perfectly situated among the Flagler Museum, The Royal and Glazer Hall, The Breakers, and The Society of the Four Arts, the address balances exclusivity with effortless access to Palm Beach's finest cultural, dining, and shopping destinations. Whether you envision an an elegant single estate or a bespoke compound, the property's rare size, elevation, and pedigree present limitless possibilities. The contiguous lot to the west can be purchased for a combined size of 45,490 SF (~302' frontage x ~151' deep)

    Zillow last checked:

    Listing updated:

    Listed by:

    LIZA PULITZER 561-373-0666,

    Brown Harris Stevens of Palm Beach 5225,

    WHITNEY McGURK 561-310-7919

    Bought with:

    CHRISTOPHER DEITZ, 631706

    Compass Florida, LLC

    Source: Palm Beach BOR,MLS#: 25-647

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0

    Property

    Lot
    • Size: 0.7 Acres
    • Features: 1/2 Acre to 1 Acre
    Details
    • Parcel number: 50434322230000061
    • Zoning: RB

    Utilities & green energy

    • Utilities for property: Electricity Connected, Water Available

    Community & HOA

    Community
    • Subdivision: Hill Sub
    Location
    • Region: Lake Park

    Financial & listing details

    • Tax assessed value: $20,200,490
    • Annual tax amount: $117,404
    • Date on market: 4/8/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    5/8/2026Sold$22,000,000-9.3%
    Source: Palm Beach BOR #25-647 Report a problem
    3/20/2026Pending sale$24,250,000
    Source: BeachesMLS #R11079637 Report a problem
    11/21/2025Price change$24,250,000-33.6%
    Source: BeachesMLS #RX-11079637 Report a problem
    4/29/2025Price change$36,500,000-8.6%
    Source: BeachesMLS #RX-11079637 Report a problem
    4/8/2025Listed for sale$39,950,000
    Source: Palm Beach BOR #25-647 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$30,438 +2.8%$1,946,813 +2.9%
    2024$29,608 +2.5%$1,891,947 +3%
    2023$28,874 -0.3%$1,836,842 +3%
    2022$28,968 -2%$1,783,342 +3%
    2021$29,558 -0.1%$1,731,400 +1.4%
    2020$29,595 +0.6%$1,707,495 +2.3%
    2019$29,426 $1,669,106 +1.9%
    2018$29,426 +4.6%$1,637,984 +2.1%
    2017$28,142 +0.1%$1,604,294 +2.1%
    2016$28,114 +5.4%$1,571,297 +0.7%
    2015$26,683 -3.7%$1,560,374 +0.8%
    2014$27,722 +2.1%$1,547,990 +1.5%
    2013$27,158 +183.6%$1,525,113 +197.7%
    2012$9,575 +9.5%$512,325 +10%
    2011$8,741 -1%$465,750
    2010$8,829 -16%$465,750 -19%
    2009$10,516 +7.9%$575,000
    2008$9,748 +15.8%$575,000 +15%
    2007$8,416 -8.5%$500,000
    2006$9,201 $500,000
    2005-- $500,000 +25%
    2004$4,360 $400,000
    2003-- $400,000
    2002$8,052 -1.3%$400,000
    2001$8,161 +134.5%--
    2000$3,480 +34.4%--
    1999$2,590 $125,000
    Find assessor info on the county website

    Neighborhood: 33480

    Nearby schools

    GreatSchools rating