1221 N LAKE WAY, PALM BEACH, FL 33480

1221 N LAKE WAY, PALM BEACH, FL 33480 is a property built in 1940 on a 14,661 square foot lot. The property is currently owned by MCCOURT JAMIE D MCCOURT JAMIE D TR, 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 2025-06-03 for $19,200,000. There are 3 recorded sales for this property. The 2026 assessed value is $13,297,270 with a market value of $13,512,350.

This breaks down to $11,894,700 for the land and $1,617,653 for the building. The assessed value decreased 2% from $13,512,353 in 2025. 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. There are active mortgage liens totaling $11,351,494 recorded against this property.

1221 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 complete ownership history of this property spans from 2025 to 2025, with 3 recorded transactions in the public record.

The current assessed value represents 69% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase..