991 N LAKE WAY, PALM BEACH, FL 33480
Parcel: 50434303200000460 · Single Family · Zoning: 001
Assessed Value (2026)
$12,312,370
Property Details
Year Built
1945
Lot Sqft
14,396
Sales History
1
$9,422,539
2021-04-30
Tax Assessment History
$12,312,370
Assessed (2026)
$18,015,270
Market Value
$12,312,370
Taxable Value
$250,670
Annual Tax
2025
$18,015,274
2026
$12,312,370
$18,015,270
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $12,312,370 | $18,015,270 | $12,312,370 | $250,670 | $6,746,400 | $11,268,870 |
| 2025 | $18,015,274 | $18,015,274 | $18,015,274 | $366,777 | $6,746,400 | $11,268,874 |
About 991 N LAKE WAY, PALM BEACH, FL 33480
991 N LAKE WAY, PALM BEACH, FL 33480 is a property built in 1945 on a 14,396 square foot lot. The property is currently owned by 991 N LAKE WAY 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 2021-04-30 for $9,422,539. The 2026 assessed value is $12,312,370 with a market value of $18,015,270. This breaks down to $6,746,400 for the land and $11,268,870 for the building.
The assessed value decreased 32% from $18,015,274 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.
There are active mortgage liens totaling $5,000,000 recorded against this property. 991 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 131% 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
991 N LAKE WAY TRUST KRASKER PAUL A TR
991 N LAKE WAY, PALM BEACH, FL, 33480
Since: 2026-04-03
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Est. Annual Insurance
$133,373 — $244,584
Flood $400 — $800
Property/Wind $132,973 — $243,784
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
$5,000,000
FIRST REPUBLIC BANK · 2022-07-28
Est. Total Balance $5,000,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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