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Sold for $7,000,000
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  • $7,000,000

    740 N Lake Way, Palm Beach, FL 33480

    3beds
    2,993sqft
    Single Family Residence, Residential
    Built in 1985
    10,018 Square Feet Lot
    $8,603,300 Zestimate®
    $2,339/sqft
    $59,613 Estimated rent

    Home value

    $8,603,300

    $7.23M - $10.32M

    $59,613/mo

    Zestimate® history
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    What's special

    New roofSparkling poolRare coral ridgeSoaring ceilings
    Exceptional North End Opportunity! Unlock the potential of this prime 10,882± SF Island parcel, perfectly positioned on a rare coral ridge with an impressive 13+ feet of elevation. Whether you choose to reimagine the existing Regency-style residence or build your dream home, the possibilities are endless. The current layout features soaring ceilings, 3 bedrooms, 3.5 baths, a sparkling pool, new roof, and a whole-house generator—providing an excellent foundation for a stunning transformation. A coveted North End location combines privacy, prestige, and proximity to the best of Palm Beach. DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2025 by the listing company. All Rights Reserved.

    Zillow last checked:

    Listing updated:

    Listed by:

    JIM McCANN 561-307-1525,

    Premier Estate Properties, Inc. - Palm Beach

    Bought with:

    LEANA SCHWARTZ, PA, SL3604322

    Waterfront Properties & Club Communities 6621

    Source: Palm Beach BOR,MLS#: 25-1309

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Cooling
    • Central Air
    Features
    • Flooring: Marble, Carpet
    • Windows: Single Hung, Sliding
    • Has fireplace: Yes
    • Fireplace features: Fireplace
    Interior area
    • Total structure area: 3,294
    • Total interior livable area: 2,993 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Attached
    • Attached garage spaces: 1
    Features
    • Levels: One
    • Has private pool: Yes
    • Pool features: Gas Heat, Pool Size (30x15)
    • Waterfront features: None
    Lot
    • Size: 10,018 Square Feet
    • Dimensions: 100 Appro x
    Details
    • Parcel number: 50434310040001161
    • Zoning: RB

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence, Residential
    Materials
    • Block, Stucco
    • Roof: Tar/Gravel
    Condition
    • Year built: 1985

    Community & HOA

    Community
    • Security: No Security
    • Subdivision: Mark Rafalsky
    Location
    • Region: Palm Beach

    Financial & listing details

    • Price per square foot: $2,339/sqft
    • Tax assessed value: $7,100,188
    • Annual tax amount: $108,912
    • Date on market: 9/15/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    10/8/2025Sold$7,000,000-11.9%$2,339/sqft
    Source: Palm Beach BOR #25-1309 Report a problem
    9/29/2025Pending sale$7,950,000$2,656/sqft
    Source: BeachesMLS #RX-11123937 Report a problem
    9/15/2025Listed for sale$7,950,000+329.1%$2,656/sqft
    Source: BeachesMLS #RX-11123937 Report a problem
    10/23/2013Sold$1,852,500-38.3%$619/sqft
    Source: Public Record Report a problem
    7/27/2012Sold$3,000,000-6.3%$1,002/sqft
    Source: Public Record Report a problem
    8/21/2007Sold$3,200,000+112.3%$1,069/sqft
    Source: Public Record Report a problem
    8/14/2002Sold$1,507,000$504/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$106,276 -2.4%$7,100,188 +4.9%
    2024$108,911 +8.2%$6,765,958 +10%
    2023$100,682 +15.4%$6,150,871 +10%
    2022$87,281 +25.3%$5,591,701 +32.4%
    2021$69,645 +8.8%$4,223,203 +10%
    2020$63,993 +47.5%$3,839,275 +48.5%
    2019$43,372 $2,585,068 +1.9%
    2018$43,372 +4.9%$2,536,868 +2.1%
    2017$41,359 0%$2,484,690 +2.1%
    2016$41,376 +0.1%$2,433,585 +0.7%
    2015$41,336 -3.8%$2,416,668 +0.8%
    2014$42,953 +13.5%$2,397,488 +12.7%
    2013$37,856 +35.2%$2,128,111 +36.7%
    2012$27,996 -14.3%$1,556,844 -12.1%
    2011$32,678 -1.2%$1,771,065 -0.3%
    2010$33,087 -12.8%$1,775,946 -15.7%
    2009$37,965 -7.9%$2,106,397 -14.4%
    2008$41,214 +65.2%$2,461,095 +64.1%
    2007$24,950 -6.2%$1,499,797 +2.5%
    2006$26,594 $1,463,217 +3%
    2005-- $1,420,599 +3%
    2004$14,760 +14092.1%$1,379,222 +1.9%
    2003$104 -99.6%$1,353,505 -0.5%
    2002$27,475 +13.1%$1,359,732 +14.7%
    2001$24,301 +36.9%$1,185,894 +38.6%
    2000$17,752 +9%$855,670 +8.8%
    1999$16,293 $786,340
    Find assessor info on the county website

    Neighborhood: 33480

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $8,603,300
    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
    $8,603,300