1241 N LAKE WAY, PALM BEACH, FL 33480
Parcel: 50434303080000110 · Single Family · Zoning: 001
Assessed Value (2026)
$1,665,963
Property Details
Year Built
1952
Lot Sqft
14,017
Sales History
1
$400,000
1985-12-01
Tax Assessment History
$1,665,963
Assessed (2026)
$6,747,699
Market Value
$1,615,241
Taxable Value
$32,885
Annual Tax
2025
$1,665,963
$6,747,699
2026
$1,665,963
$6,747,699
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $1,665,963 | $6,747,699 | $1,615,241 | $32,885 | $6,584,378 | $163,321 |
| 2025 | $1,665,963 | $6,747,699 | $1,640,963 | $33,409 | $6,584,378 | $163,321 |
About 1241 N LAKE WAY, PALM BEACH, FL 33480
1241 N LAKE WAY, PALM BEACH, FL 33480 is a property built in 1952 on a 14,017 square foot lot. The property is currently owned by DE TOMASO ISABELLE H, 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 1985-12-01 for $400,000. The 2026 assessed value is $1,665,963 with a market value of $6,747,699. This breaks down to $6,584,378 for the land and $163,321 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.
1241 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 416% 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
DE TOMASO ISABELLE H
1241 N LAKE WAY, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$18,392 — $33,786
Flood $400 — $800
Property/Wind $17,992 — $32,986
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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