MOCKING BIRD TRAIL TRACT

1197 N Lake Way, Palm Beach FL 33480

6 beds · 7.5 baths · 9,878 ft²

Closed

$19,900,000

17.08%

Est. Payment $105,916/mo

MLS Sheet Video

6

Bedrooms

7.5

Bathrooms

9,878

Sq. Ft.

2003

Year Built

2

Garage

2

Stories

623

Days on Market

Description

Built in 2003 to the highest standards, this impressive lakefront estate is characterized by high ceilings, deep overhangs, large porches, and numerous windows taking in spectacular Intracoastal Waterway and sunset views. Perfect for entertaining, the grand two-story living room has a soaring gabled ceiling with wooden beams and elegant details. Expansive second-floor windows flood the room with natural light. The home is designed for an indoor-outdoor lifestyle, with the main living spaces flowing out to porches with relaxing sitting areas overlooking 165 ft. of lntracoastal frontage, beautifully landscaped grounds, and the sumptuous pool. Boasting 9,878 sq ft of interior space, the house has five bedrooms, seven full baths and four half baths, separate staff quarters, and a spacious two-car garage. A deep-water dock can accommodate a boat of up to 100 ft., and there is also deeded access to the oceanfront beach cabana at Mockingbird Trail, making the most of this exquisite location.

Facts

MLS#
R10397823
Subdivision
MOCKING BIRD TRAIL TRACT
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
2003
Lot Size
0 sqft
Sq. Ft.
9,878 ft²
Sq. Mt.
918 m²
Price per sq. ft.
$2,015/ft²
Price per sq. mt.
$21,678/m²
Stories
2
Garage
2 spaces
Pool
Private
Days on Market
623 days
Listed
Jan 15, 2018
Last Updated
Jul 6, 2026
Price/Lot Sq.Ft.

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Palm Beach

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

July 2026

100/100
Buyers marketSellers market

103

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

7/6/2026Sold$19,900,000
4/6/2019Price change$19,900,000-17.1%
1/15/2018Listed for sale$24,000,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

1197 N Lake Way, Palm Beach FL 33480Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$122,649/mo

Principal & Interest

$105,916

Property Tax

$16,583

Insurance

$150

HOA

$0

20% ($3,980,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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