1020 N LAKE WAY, PALM BEACH, FL 33480
Parcel: 50434303200000191 · Single Family · Zoning: 001
Assessed Value (2026)
$27,820,960
Property Details
Year Built
1998
Lot Sqft
20,321
Sales History
1
$39,900,000
2022-06-01
2
$39,900,000
2022-06-03
Tax Assessment History
$27,820,960
Assessed (2026)
$29,904,070
Market Value
$27,770,240
Taxable Value
$565,380
Annual Tax
2025
$27,820,957
$29,904,070
2026
$27,820,960
$29,904,070
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $27,820,960 | $29,904,070 | $27,770,240 | $565,380 | $22,149,900 | $7,754,170 |
| 2025 | $27,820,957 | $29,904,070 | $27,795,957 | $565,903 | $22,149,900 | $7,754,170 |
About 1020 N LAKE WAY, PALM BEACH, FL 33480
1020 N LAKE WAY, PALM BEACH, FL 33480 is a property built in 1998 on a 20,321 square foot lot. The property is currently owned by 1020 NORTH LAKE WAY REVOCABLE TRUST KRASKER PAUL A 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 2022-06-03 for $39,900,000. The 2026 assessed value is $27,820,960 with a market value of $29,904,070. This breaks down to $22,149,900 for the land and $7,754,170 for the building.
The assessed value increased 0% from $27,820,957 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 $16,161,584 recorded against this property. 1020 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 70% of the most recent sale price..
Current Owner
1020 NORTH LAKE WAY REVOCABLE TRUST KRASKER PAUL A TR
1020 N LAKE WAY, PALM BEACH, FL, 33480
Since: 2026-04-03
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Est. Annual Insurance
$200,710 — $351,344
Flood $400 — $800
Property/Wind $200,310 — $350,544
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 3.35% rate
$17,650,000
FIRST REPUBLIC BANK · 2022-06-03
1 satisfied mortgage
SATISFIED 2021-06-07
$17,762,500
USB BANK USA
Est. Total Balance $16,161,584
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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