1496 N Lake Way, Palm Beach, FL 33480

$8,000,000 · Active

  • 2 beds
  • 2.5 baths
  • 2,883 sq ft
  • 149 days on market
  • Single Family Residence
  • Built 1954
  • Lot 9,583.2 sq ft
  • 4,225 sq ft total
  • 2 garage spaces
  • Palm Beach County
  • MLS# B26042044
  • Boca Ratone Co Inlet
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About this home

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.

Video Tour

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Features

Schools

  • Elementary: Palm Beach Public
  • High: Palm Beach Lakes

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Compass Florida LLC · brokerfl@compass.com · Listing agent: Margaret Sutton

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 1496 N Lake Way.

Before You Make an Offer

How buying a home in South Florida works

Your Buyer May Already Be Working With BreakThru Realty

Buyers come to BreakThru Realty searching for homes like this one, and many have shared their exact requirements with us: the neighborhood, the price, the bedrooms, the pool, the timing. If you own a home nearby and are weighing a sale, a broker can check it against those requirements before you list, and if no buyer on file fits, show you how we would reach the rest of the market.

BreakThru Realty works with hundreds of prequalified buyers searching for properties. Before you list, a broker reviews what you own, the market around it and whether an existing buyer's requirements match. If none does, you see how we would position it to reach other qualified buyers.

Find Out If We Have Your Buyer · Discuss Selling With BreakThru Realty

A potential match is a conversation, not an offer, until the buyer sees your property and makes one. No buyer is named and nothing about your property or business is shared until you decide to proceed.

Questions About 1496 N Lake Way

How much is 1496 N Lake Way?
1496 N Lake Way is listed at $8,000,000, which is about $2,775 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 1496 N Lake Way?
The listing reports annual property taxes of $50,226 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 1496 N Lake Way built?
1496 N Lake Way was built in 1954 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 1496 N Lake Way been on the market?
1496 N Lake Way has been listed for 149 days, and the asking price has been reduced from $9,000,000. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 1496 N Lake Way?
The MLS lists Palm Beach Public (elementary), Palm Beach Lakes (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 1496 N Lake Way?
Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.

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The 3 bedroom home at 1465 N Lake Way, Palm Beach, FL 33480 is comparable and listed for sale at $8,500,000. Another comparable home, 217 Plantation Road, Palm Beach, FL 33480, sold for $7,100,000 in September 2026. Other Palm Beach neighborhoods include Ibis Isle and In-Town. Nearby ZIP codes include 33404 and 33410. This property also neighbors Palm Beach Shores, Riviera Beach, and Lake Park. Compare it with the Palm Beach housing market report.