1421 N Lake Way

Palm Beach, FL 33480

$10,900,000

$4,564/ft²

4Beds

3Baths

2,388Sq ft

1950Year built

Single-family homeType

About this home

RARE OPPORTUNITY!! Palm Beach's coveted North End on Cabana street. This exceptional property offers endless possibilities. Perfectly livable yet primed for a custom rebuild, this oversized lot comes with previously approved ARCOM plans (plans are expired, not to resubmit), allowing for a seamless transition to your dream home. Proposed home will be 5,585 LSF and 6,293 TSF, with 4-beds in the main house plus convertible den (office/library) and 2-bed in guest house. Currently, the beautifully updated main house features two elegant bedrooms with rich wood flooring, spacious closets, and two tastefully designed bathrooms with walk-in showers. A charming guest cottage, connected by a covered walkway, provides a private retreat with two additional bedrooms, a cozy sitting area, and a full bath. The meticulously landscaped grounds are a private oasis, complete with a heated pool and spillover spa, surrounded by lush greenery. Whether you choose to enjoy this serene setting as is or bring your vision to life with the approved new construction plans, this prime North End location ensures unparalleled luxury and value. Close proximity to the Sailfish Club and bike path. A rare chance to build or enjoy as is-don't miss this extraordinary opportunity!

Features

Private pool

Property details

Listing

MLS #: R11078527
Status: For sale
Listed on: Apr 4, 2025
Days on market: 493 days
Listing data updated: Jul 22, 2026

Interior

Beds: 4
Baths: 3
Living area: 2,388 ft²
Price per ft²: $4,564/ft²

Building & community

Type: Single-family home
Year built: 1950
County: Palm Beach

Lot & exterior

Lot size: 13,504 ft²
Private pool: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $55,116
Property taxes (est.): $9,992
Home insurance (est.): $600
Flood insurance (est.): —

Estimated total$65,708*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?