1040 N LAKE WAY, PALM BEACH, FL 33480
Parcel: 50434303180000151 · Single Family · Zoning: 001
Assessed Value (2026)
$28,459,850
Property Details
Year Built
1954
Lot Sqft
19,281
Sales History
1
$32,000,000
2022-02-08
2
$32,000,000
2022-04-20
Tax Assessment History
$28,459,850
Assessed (2026)
$28,512,450
Market Value
$28,459,850
Taxable Value
$579,420
Annual Tax
2025
$28,512,449
2026
$28,459,850
$28,512,450
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $28,459,850 | $28,512,450 | $28,459,850 | $579,420 | $22,117,500 | $6,394,949 |
| 2025 | $28,512,449 | $28,512,449 | $28,512,449 | $580,491 | $22,117,500 | $6,394,949 |
About 1040 N LAKE WAY, PALM BEACH, FL 33480
1040 N LAKE WAY, PALM BEACH, FL 33480 is a property built in 1954 on a 19,281 square foot lot. The property is currently owned by 1040 N LAKEWAY LLC, 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 2022-04-20 for $32,000,000. The 2026 assessed value is $28,459,850 with a market value of $28,512,450. This breaks down to $22,117,500 for the land and $6,394,949 for the building.
The assessed value decreased 0% from $28,512,449 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.
1040 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 2022 to 2022, with 2 recorded transactions in the public record.
The current assessed value represents 89% of the most recent sale price..
Current Owner
1040 N LAKEWAY LLC
29 COMMONWEALTH AVE UNIT PH, BOSTON, MA, 02116
Since: 2026-04-03
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Est. Annual Insurance
$307,766 — $564,305
Flood $400 — $800
Property/Wind $307,366 — $563,505
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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