Palm Beach

940 N Lake Way, Palm Beach FL 33480

5 beds · 6.5 baths · 7,448 ft²

Closed

$55,000,000

Est. Payment $292,733/mo

MLS Sheet Video

5

Bedrooms

6.5

Bathrooms

7,448

Sq. Ft.

1974

Year Built

2

Garage

1

Stories

5

Days on Market

Description

Magnificent Lake Front Regency situated on high elevation with amazing panoramic views!! Deep water concrete dock which can accommodate up to a 130' yacht and includes a 40k lb lift and a 15k lb lift for smaller boats. Private deeded beach access! Spacious floor plan features high ceilings, 5 bedrooms, 6.5 baths, 2 kitchens, 2 offices, media room, billiards room, 4 bars, several water features inside and outside, Gas fireplace, oversized travertine pool terrace and covered loggias perfect for entertaining!!

Facts

MLS#
R10881164
Subdivision
Palm Beach
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1974
Lot Size
0 sqft
Sq. Ft.
7,448 ft²
Sq. Mt.
692 m²
Price per sq. ft.
$7,385/ft²
Price per sq. mt.
$79,480/m²
Stories
1
Garage
2 spaces
Pool
Private
Days on Market
5 days
Listed
Apr 12, 2023
Last Updated
Jul 1, 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).

7/1/2026Sold$55,000,000
4/12/2023Listed for sale$55,000,000

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

Location

940 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

$338,716/mo

Principal & Interest

$292,733

Property Tax

$45,833

Insurance

$150

HOA

$0

20% ($11,000,000)
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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