970 N LAKE WAY, PALM BEACH, FL 33480
Parcel: 50434310000010010 · Single Family · Zoning: 001
Assessed Value (2026)
$15,992,190
Property Details
Year Built
1963
Lot Sqft
60,851
Sales History
1
$5,000,000
1991-11-01
Tax Assessment History
$15,992,190
Assessed (2026)
$53,592,870
Market Value
$15,941,470
Taxable Value
$324,556
Annual Tax
2025
$15,992,190
$53,592,867
2026
$15,992,190
$53,592,870
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2026 | $15,992,190 | $53,592,870 | $15,941,470 | $324,556 | $51,359,600 | $2,233,267 |
| 2025 | $15,992,190 | $53,592,867 | $15,967,190 | $325,079 | $51,359,600 | $2,233,267 |
About 970 N LAKE WAY, PALM BEACH, FL 33480
970 N LAKE WAY, PALM BEACH, FL 33480 is a property built in 1963 on a 60,851 square foot lot. The property is currently owned by FALCIONE AUGUSTINE F & FALCIONE DOMENICA 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 1991-11-01 for $5,000,000. The 2026 assessed value is $15,992,190 with a market value of $53,592,870. This breaks down to $51,359,600 for the land and $2,233,267 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.
970 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 320% 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
FALCIONE AUGUSTINE F & FALCIONE DOMENICA L
970 N LAKE WAY, PALM BEACH, FL, 33480
Since: 2026-04-03
View owner profile →
Est. Annual Insurance
$173,115 — $317,445
Flood $400 — $800
Property/Wind $172,715 — $316,645
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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