For more information on this property, contact Linda Olsson at 5618209195 or [email protected]

1450 N Lake Way
Palm Beach, Florida FL 33480
Price: $45,000,000
Listing ID 21-216
Status Active
Bedrooms 9
Total Baths 9
Partial Baths 3
SqFt 13,449
Acres 3.047
Year Built 1940

Property Description:

Magical estate compound, 3/4 acres hidden on the north end with 159 feet of direct intracoastal frontage sitting directly on the water with deep water dock draft of 8.5'. The property is made up of three separate buildings with a total of 9 bedrooms, all en suite plus 3 half baths.The uniqueness of this property cannot be overstated. Built in the spirit of ''Old Palm Beach'' this house is of a size that is easily manageable and has the feeling of home. The grounds are landscaped in a way that creates a tropical garden. It is truly magical. When you are thinking location, location, location please keep in mind that this house is perfectly located with NO Bike Path in front of the house which means NO strangers walking or riding bikes past your private residence. What a great asset. A reminder also is that the house is not in any airport flight path and when you get on your boat, you are only a few minutes to pass through the Palm Beach inlet and out to the ocean. Upon entering through the beautiful wrought iron door, you can't help your eyes from looking down the path to the main house, through the glass wrought iron front door and out to the glimmering waters of the intracoastal waterway. The water is crystal clear because you are located so close to the Palm Beach inlet which leads directly to the Atlantic. In less than five minutes you can be cruising along the eastern seaboard. The walk from the front entry way and following the path leading down the stunning landscaped path to the main house is truly a walk of serenity. The main house with 4 bedrooms upstairs and water views from every room makes this home truly unique. The views from all downstairs rooms feels like you are sitting on the bow of a ship. Stunning by day, magical by night with the water view lights twinkling across the lake from dusk until dawn. This compound is breathtaking. As you walk out the front door of the house and back up the path you first come upon the venetian fountain which serves as a focal point of the property. When you turn north, you head towards the oversized pool 36'X17' up two steps. The pool shade awning sitting area at the east end of the pool looks west to the pool and over the Bellagio Fountains streaming into the deep blue tile pool. Back to the fountain and walking the path south brings you to the Pool Cabana which can easily service as a Studio guest apartment or a fitness room. Once again returning to the fountain you can walk back west towards the front where you entered and will be at the Guest House which includes two large Master Suites upstairs and downstairs on the north side and on the southside is the oversized 3 car garage, (4 cars if you have your Maserati) and two more guest suites upstairs for a total of 4 large bedrooms. There are so many aspects to this "Estate Compound" which make it so special. There are special rooms and spaces, inside and out where catching your moments of peace and serenity can be found. There are three waterfalls around the property serving as ideal places to reflect. This property has what we all want. A place which we can call all our own. The quietness of the north end can be felt. The fragrance of tropical flowers waft in the air. The breezes from the intracoastal one day will be replaced by the ocean breezes the next. There are three balconies upstairs in the main house. One on the east side and two on the west looking over your magnificent views as boats making their way through the intracoastal gently move by. Well maintained with loving care this spectacular property is waiting for you. As a personal testimony, there are many wonder houses in Palm Beach, but we have never seen one that reveals such understated elegance.

Primary Features

County: Palm Beach
Half Baths: 3
Property Sub Type: Single Family Residence
Property Type: Residential
Subdivision: Esplanade Ests
Year Built: 1940
Zoning: RA

Interior

AC/Heat: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat, Other (See Remarks)
Appliances: Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Instant Hot Water, Microwave, Oven-Double, Range-Gas, Refrigerator, Washer
Floors: Hardwood, Marble, Tile
Interior Features: Cable, Ceiling Fan, Fireplace, Smoke Detectors, Sound System, Storage, Wet Bar, Wndw Trmnts Included
Living Area: 10933
Other Rooms: Dining Room, Eat-in Kitchen, Exercise Room, Garage Apartment, Library/Den, Pantry, Utility Room
Staff Bath: 5
Staff Bedrooms: 5

External

Construction: Cement Block/Stucco
Dock: Concrete, Electric at Dock, Water at Dock, Wood
Exposure: West
Exterior Features: Balcony, Built-in Grill, Fence-Back Wall, Guesthouse/Cottage, Impact Doors, Patio/Lanai, Seawall/Bulkhead, Storm Shutters
Garage: 3 Car, Attached, Door Opener
Landmark: No Landmarks
Lot Dimensions: 159
Lot Dimensions (2): 230
Lot Dimensions (3): 118
Lot Dimensions (4): 198
Lot Size: 1/2 Acre to 1 Acre
Pool: yes
Pool Description: Heated - Electric, Pool, Salt Water
Pool Size: 36 X 17
Roof: Barrel Tile, Other
Style: Mediterranean, Traditional
Water/Sewer: City Water, Sewer
Windows: Awning, Impact Glass-Partial, Other, Single Hung

Location

Area: 01 - Wells Rd & North
HOA: None
Municipality: Palm Beach
Waterfront: yes
Waterfront Description: Intracoastal-Direct
Waterfront Footage: 159

Additional

Certified Flood Elevation: no
Certified Survey: no
Homestead Exempt: yes
Ok to Lease: no
Pets Allowed: yes
Security: Other Security, Security System

Financial

Price/Front Ft: 3345.97
Tax Year: 2020
Terms: Cash Terms

Zoning Info




© 2021 Palm Beach Board of Realtors MLS (PBBORMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Bradford P. Miller Real Estate. Data last updated: Sunday, May 9th, 2021 at 05:06:47 AM.

Contact - Listing ID 21-216

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Linda Olsson

101 Bradley Place
Palm Beach, FL 33480
Phone: 5618209195
Fax: 5618209253

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