1521 N LAKE WAY, PALM BEACH, FL 33480
Parcel: 50434234030000940 · Single Family · Zoning: 001
Assessed Value (2026)
$3,132,017
Property Details
Year Built
1965
Lot Sqft
10,608
Sales History
1
$1,150,000
2014-03-24
Tax Assessment History
$3,132,017
Assessed (2026)
$5,849,029
Market Value
$3,132,017
Taxable Value
$63,765
Annual Tax
2025
$5,849,029
2026
$3,132,017
$5,849,029
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $3,132,017 | $5,849,029 | $3,132,017 | $63,765 | $5,627,940 | $221,089 |
| 2025 | $5,849,029 | $5,849,029 | $5,849,029 | $119,082 | $5,627,940 | $221,089 |
About 1521 N LAKE WAY, PALM BEACH, FL 33480
1521 N LAKE WAY, PALM BEACH, FL 33480 is a property built in 1965 on a 10,608 square foot lot. The property is currently owned by WORLDWIDE FABRICS LTD PARTNERSHIP, recorded as of 2026-04-03. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2014-03-24 for $1,150,000. The 2026 assessed value is $3,132,017 with a market value of $5,849,029. This breaks down to $5,627,940 for the land and $221,089 for the building.
The assessed value decreased 46% from $5,849,029 in 2025. The median household income in this area is $250,001, and the median home value is $2,000,001. The population density is 1,713 people per square mile.
1521 N LAKE WAY, PALM BEACH, FL 33480 is located in PALM BEACH, Florida. Property records, tax assessments, sales history, and ownership information for this PALM BEACH property are sourced from palm_beach County public records. The current assessed value represents 272% of the most recent sale price.
This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal..
Current Owner
WORLDWIDE FABRICS LTD PARTNERSHIP
241 BRADLEY PL, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$34,225 — $62,813
Flood $400 — $800
Property/Wind $33,825 — $62,013
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$250,001
Median Home Value$2,000,001
Pop. Density1,713/sq mi
Neighborhood 33480
84.6%
Owner-Occ
15.4%
Investor
6,443
Flips (4yr)
2,193
New Biz (3yr)
Distress Risk
MODERATE
31
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