1260 N Lake Way, Palm Beach, FL 33480 — MLS photo

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1260 N Lake Way, Palm Beach, FL 33480

Active · SingleFamilyResidence

$63,500,000

1260 N Lake Way, Palm Beach, FL 33480

Beds
6
Baths
8
Living area
7,034 sq ft
$ / sq ft
$9,028/sq ft
Year built
2023
Lot size
21,279 sq ft
HOA fee
—
Annual tax
—

About this property

Completed new construction direct Intracoastal estate residence with concrete dockage. Stunning Art Deco styled residence with several ''flex'' rooms featuring walk-in closets and full baths allowing as many as 6 bedrooms/baths. Heavily landscaped grounds with multiple outdoor entertainment areas - courtyards and fountains. Motor court. HVAC oversized garage. Dramatic pool area - complete privacy from bike path. Steps to Palmo - Town Park and fantastic beach. Huge second story patios invite the best of indoor/outdoor living. Dream kitchen, dining seats 12-14 and dramatic visible wine storage. High elevation. Turn-key staged. Furniture available in whole or part, separately from stager. We are pleased to present this property which features several flexible spaces that can be crafted to suit your families particular needs and taste.

Property location

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1260 N Lake Way, Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
6
Bathrooms
8
Living area
7,034 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2023
Lot size
21,279 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Palm Beach
MLS listing ID
R11133286
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$270,048

Cap rate
0.6%
Net yield
0.6%
Cash-on-cash return
-18.2%
Gross yield
3.5%
Mortgage payment
$301,022/mo
Down payment
$15,875,000
Loan amount
$47,625,000
Annual NOI
$371,689

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.