$8,000,000
Palm Beach, FL 33480
MLS# B26042044
2 beds | 3 baths | 4225 sqft
|
1 / 19
Property Description
Set on a secluded .22 acre lot at at the corner of North Lake Way and Mediterranean Road on Palm Beach Island's coveted North End, this exceptional property offers an opportunity to restore and reimagine an architectural gem or create a remarkable new residence. Just moments from the Intracoastal, inlet and ocean, and surrounded by mature tropical landscaping, this is truly a special Palm Beach offering.A rare mid-century modern residence designed by renowned Spanish architect, Javier de Olaso, reflecting the relaxed elegance of indoor-outdoor lifestyle in Ibiza. Thoughtfully designed to draw the eye toward the lush gardens, sculptures and private yard, the home enjoys beautiful views from nearly every room and the balcony.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-06-12
Status: Active
Original List Price: 9000000
List Price: $8,000,000
Current Price: $8,000,000
Negotiable Seller Concessions YN: No
Occupant Type: Vacant
Listing Service: Full Service
Seller Represented YN: Yes
Location and Legal
Country: United States
County Or Parish: Palm Beach
Street Number: 1496
Street Direction Prefix: N
Street Name: Lake
Street Suffix: Way
Municipality Type: Incorporated
Municipal Code: 50
State Or Province: FL
Postal Code: 33480
Postal Code +4: 3031
Subdivision Name: BOCA RATONE CO INLET
Area: 5001
Geographic Area: PB30
Elementary School: Palm Beach Public
High School: Palm Beach Lakes
Special Assessment YN: No
Parcel Number: 50434234030001071
Subdivision Number: 3
Zoning: R-B (city)
Flood Zone: AE,X
Directions: N Lake Way to corner of Mediterranean and N Lake Way
General Property Information
Property Sub Type: Single Family Residence
Bedrooms Total: 2
Bathrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: 1
Building Area Main: 4225
Building Area Source: Assessor
Living Area Main: 2883
Living Area Source: Assessor
Adjusted Area Main: 3161
Accessibility Features YN: No
Year Built: 1954
Garage YN: 1
Attached Garage YN: 1
Garage Spaces: 2
Covered Spaces: 2
Parking Total: 6
Gated Community YN: No
Lot Size Area: 9583.2
Lot Size Acres: 0.22
Senior Community YN: No
Land Lease YN: No
Recreation Lease YN: No
Guest House YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: 2
Direction Faces: North
Fireplace YN: No
Pool Private YN: Yes
LP/Assessed Value: 3.08
Financial Information
Application Required YN: No
Master Association YN: No
Membership Fee Required YN: No
Tax Annual Amount: 50226.34
Tax Year: 2025
Tax Assessed/SOH Value: 2600475
Tax Legal Description: BOCA RATONE CO INLET SUB REV LAKE FRONT ADD W 10 FT OF LT 107 & LT 114
Assessor Market Value: 4317875
Entry Information
Entry Level: 1
Leasing Permitted Details
Leasing Permitted YN: No
Parking Information
Open Parking Spaces: 4
Co-Ownership
Property Management YN: No
Capital Contributions
Capital Contributions YN: No
Main Level Rooms
Main Level Bathrooms: 1
Pet Details
Pet Fee YN: No
Price Calculations
Current Price To SqFt: 2774.88
Status Change Information
Major Change Timestamp: 2026-11-03T19:02:32Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-11-03T19:02:32Z
Status Change Date: 2026-06-16
Originating Details
Originating System Key: 20260617011716598313000000
Originating System ID: M00000170
Property Features
Dining Area: Breakfast Area; Dining/Living Room; Snack Bar/Counter
Exterior Features: Private Rooftop Terrace; Storage
Flooring: Concrete; Marble
Parking Features: Garage Door Opener; Attached Garage; Garage
Property Condition: Resale
Special Listing Conditions: Standard
Appliances: Electric Range; Oven; Refrigerator
Architectural Style: Mid-Century Modern
Construction Materials: Concrete
Cooling: Central Air
Fencing: Back Yard; Masonry
Heating: Central
Interior Features: Bedroom Layout - Split; Built-in Features; Entrance Foyer; Roman Tub; Storage
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Landscaped; Many Trees
Main Living Area: Entry Level
Membership: No Membership Available
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Pool Features: Free Form; In Ground
Possession: Close Of Escrow
Other Leasing Restrictions: Leasing Prohibited
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Flat
Sewer: Public Sewer
Sprinkler Description: Auto Sprinkler
Structure Type: House
Tax Information: City/County
Utilities: Cable Available; Electricity Available; Sewer Available; Water Available; Underground Utilities
View: Garden; Pool
Water Source: Public
Showing Requirements: 24 Hour Notice; Listing Agent Must Accompany; Schedule Online
Outdoor Living Spaces: Balcony; Deck; Patio; Terrace
Balcony Details: Balcony - Covered
Patio Details: Patio - Covered; Patio - Open
Room Types: Kitchen; Living Room; Master Bedroom
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Room Information
| Room Name |
| Kitchen |
| Living Room |
| Master Bedroom |
Listing Office: Compass Florida LLC
Last Updated: November - 03 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.