1231 N LAKE WAY, PALM BEACH, FL 33480
Parcel: 50434303040000060 · Single Family · Zoning: 001
Assessed Value (2026)
$1,321,521
Property Details
Year Built
1936
Lot Sqft
30,151
Sales History
1
$395,000
1983-05-01
Tax Assessment History
$1,321,521
Assessed (2026)
$12,426,150
Market Value
$1,270,799
Taxable Value
$25,872
Annual Tax
2025
$1,321,521
$12,426,154
2026
$1,321,521
$12,426,150
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $1,321,521 | $12,426,150 | $1,270,799 | $25,872 | $11,983,700 | $442,454 |
| 2025 | $1,321,521 | $12,426,154 | $1,296,521 | $26,396 | $11,983,700 | $442,454 |
About 1231 N LAKE WAY, PALM BEACH, FL 33480
1231 N LAKE WAY, PALM BEACH, FL 33480 is a property built in 1936 on a 30,151 square foot lot. The property is currently owned by DENNIS MICHAEL T, recorded as of 2026-04-03. The owner appears to be owner-occupied based on the mailing address matching the property address.
The most recent sale was on 1983-05-01 for $395,000. The 2026 assessed value is $1,321,521 with a market value of $12,426,150. This breaks down to $11,983,700 for the land and $442,454 for the building.
The property has the following tax exemptions: homestead. 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.
1231 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 335% 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
DENNIS MICHAEL T
1231 N LAKE WAY, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$14,672 — $26,966
Flood $400 — $800
Property/Wind $14,272 — $26,166
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
Zoom in to see property sales