1123 N LAKE WAY, PALM BEACH, FL 33480
Parcel: 50434303110000361 · Single Family · Zoning: 001
Assessed Value (2026)
$3,838,853
Property Details
Year Built
1985
Lot Sqft
13,900
Sales History
1
$2,000,000
2014-01-24
Tax Assessment History
$3,838,853
Assessed (2026)
$6,881,056
Market Value
$3,788,131
Taxable Value
$77,123
Annual Tax
2025
$3,838,853
$6,881,056
2026
$3,838,853
$6,881,056
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $3,838,853 | $6,881,056 | $3,788,131 | $77,123 | $6,534,360 | $346,696 |
| 2025 | $3,838,853 | $6,881,056 | $3,813,853 | $77,647 | $6,534,360 | $346,696 |
About 1123 N LAKE WAY, PALM BEACH, FL 33480
1123 N LAKE WAY, PALM BEACH, FL 33480 is a property built in 1985 on a 13,900 square foot lot. The property is currently owned by RICH THOMAS L, 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 2014-01-24 for $2,000,000. The 2026 assessed value is $3,838,853 with a market value of $6,881,056. This breaks down to $6,534,360 for the land and $346,696 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.
There are active mortgage liens totaling $5,568,007 recorded against this property. 1123 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 192% 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
RICH THOMAS L
1123 N LAKE WAY, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$34,949 — $62,989
Flood $400 — $800
Property/Wind $34,549 — $62,189
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
Mortgages
ACTIVE
$5,850,000
M & T BANK · 2022-04-28
1 satisfied mortgage
SATISFIED 2020-08-14
$1,150,000
M & T BANK
Est. Total Balance $5,568,007
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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