For sale

$12,995,000

495 N Lake Way, Palm Beach, FL 33480

4beds

4,039sqft

$90,087/mo

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Single Family Residence, Residential

Built in 1952

0.48 Acres Lot

$-- Zestimate^®

$3,217/sqft

$-- HOA

What's special

Expansive lotExpansive gardenPalms and lush landscapingCharming red-brick monterey-style home

A unique oversized property is available for the first time in over 35 years. Situated on the desirable near North End, this expansive lot is just shy of half an acre on the bright, sunny side of the street. The existing home has had only two owners and features an expansive garden with mature canopy ficus and live oak trees, accented by palms and lush landscaping. A 20-yard lap swimming pool and an abundance of light, air, and open sky set this property apart from standard North End lots. The charming red-brick Monterey-style home offers 4 bedrooms and 3.5 bathrooms. This is a rare opportunity to own a vintage residence on a large lot or to create the compound of your dreams on a parcel that offers endless possibilities. Sites like this provide a level of privacy and potential for personalization rarely available on the North End. Opportunities of this caliber seldom come to market.

302 days
424
27

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Heating

Zoned

Cooling

Zoned

Appliances

Included: Refrigerator, Freezer, Dishwasher, Microwave, Disposal, Washer, Dryer

Features

Flooring: Tile, Hardwood
Windows: Double Hung, Other

Interior area

Total structure area: 5,132
Total interior livable area: 4,039 sqft

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: Two
Has private pool: Yes
Waterfront features: None

Lot

Size: 0.48 Acres
Dimensions: 182
Features: Corner Lot

Details

Parcel number: 50434314020000100
Zoning: R-B - Low Density Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence, Residential

Materials

Brick
Roof: Tile

Condition

Year built: 1952

Utilities & green energy

Water: Public

Community & HOA

Community

Security: Security System
Subdivision: Drake Park

Location

Region: Palm Beach

Financial & listing details

Price per square foot: $3,217/sqft
Tax assessed value: $9,970,232
Annual tax amount: $19,303
Date on market: 11/6/2025
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
2/19/2026	Price change	$12,995,000-3.7%$3,217/sqft
Source: Palm Beach BOR #25-1649 Report a problem
11/7/2025	Listed for sale	$13,500,000$3,342/sqft
Source: Palm Beach BOR #25-1649 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$19,841 +2.8%	$1,276,488 +2.9%
2024	$19,303 +2.6%	$1,240,513 +3%
2023	$18,813 -0.1%	$1,204,382 +3%
2022	$18,824 -2%	$1,169,303 +3%
2021	$19,213 -0.1%	$1,135,246 +1.4%
2020	$19,229 +0.6%	$1,119,572 +2.3%
2019	$19,114	$1,094,401 +1.9%
2018	$19,114 +4.6%	$1,073,995 +2.1%
2017	$18,276 +0.1%	$1,051,905 +2.1%
2016	$18,252 +6.1%	$1,030,269 +0.7%
2015	$17,207 -3.7%	$1,023,107 +0.8%
2014	$17,875 +2.1%	$1,014,987 +1.5%
2013	$17,507 +0.2%	$999,987 +1.7%
2012	$17,480 +0.7%	$983,271 +3%
2011	$17,356 +0.9%	$954,632 +1.8%
2010	$17,197 +6.6%	$937,692 +2.7%
2009	$16,140 +7.9%	$913,040 +0.1%
2008	$14,953 +2.3%	$912,128 +3%
2007	$14,611 -6.1%	$885,561 +2.5%
2006	$15,567	$863,962 +3%
2005	--	$838,798 +3%
2004	$8,603 +8172.5%	$814,367 +1.9%
2003	$104 -99.3%	$799,183 +2.4%
2002	$15,311 +0.3%	$780,452 +1.6%
2001	$15,268 +2%	$768,161 +3%
2000	$14,970 +3%	$745,787 -11.5%
1999	$14,528	$842,722