1127 N LAKE WAY, PALM BEACH, FL 33480
Parcel: 50434303120000550 · Single Family · Zoning: 001
Assessed Value (2026)
$2,835,517
Property Details
Year Built
1940
Lot Sqft
23,336
Sales History
1
$595,000
1980-01-01
Tax Assessment History
$2,835,517
Assessed (2026)
$25,772,640
Market Value
$2,784,795
Taxable Value
$56,696
Annual Tax
2025
$2,835,517
$25,772,645
2026
$2,835,517
$25,772,640
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $2,835,517 | $25,772,640 | $2,784,795 | $56,696 | $25,605,900 | $166,745 |
| 2025 | $2,835,517 | $25,772,645 | $2,810,517 | $57,220 | $25,605,900 | $166,745 |
About 1127 N LAKE WAY, PALM BEACH, FL 33480
1127 N LAKE WAY, PALM BEACH, FL 33480 is a property built in 1940 on a 23,336 square foot lot. The property is currently owned by BURKE VIRGINIA S, 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 1980-01-01 for $595,000. The 2026 assessed value is $2,835,517 with a market value of $25,772,640. This breaks down to $25,605,900 for the land and $166,745 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.
1127 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 477% 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
BURKE VIRGINIA S
1127 N LAKE WAY, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$31,023 — $56,943
Flood $400 — $800
Property/Wind $30,623 — $56,143
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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