1197 N LAKE WAY, PALM BEACH, FL 33480
Parcel: 50434303090000020 · Single Family · Zoning: 001
Assessed Value (2026)
$25,581,050
Property Details
Year Built
2002
Lot Sqft
35,961
Sales History
1
$10non-market transfer
2019-10-17
Tax Assessment History
$25,581,050
Assessed (2026)
$39,878,750
Market Value
$25,581,050
Taxable Value
$520,810
Annual Tax
2025
$39,878,751
2026
$25,581,050
$39,878,750
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $25,581,050 | $39,878,750 | $25,581,050 | $520,810 | $36,771,900 | $3,106,851 |
| 2025 | $39,878,751 | $39,878,751 | $39,878,751 | $811,899 | $36,771,900 | $3,106,851 |
About 1197 N LAKE WAY, PALM BEACH, FL 33480
1197 N LAKE WAY, PALM BEACH, FL 33480 is a property built in 2002 on a 35,961 square foot lot. The property is currently owned by 1197 N LAKE WAY LAND TRUST HANLON M TIMOTHY TR, 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 2019-10-17 for $10. The 2026 assessed value is $25,581,050 with a market value of $39,878,750. This breaks down to $36,771,900 for the land and $3,106,851 for the building.
The assessed value decreased 36% from $39,878,751 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.
1197 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..
Current Owner
1197 N LAKE WAY LAND TRUST HANLON M TIMOTHY TR
340 ROYAL POINCIANA WAY STE 321, PALM BEACH, FL, 33480
Since: 2026-04-03
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Est. Annual Insurance
$138,537 — $231,029
Flood $400 — $800
Property/Wind $138,137 — $230,229
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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