MOCKINGBIRD TRAIL TRACT

1221 N Lake Way, Palm Beach FL 33480

5 beds · 5.5 baths · 3,202 ft²

Closed

$23,500,000

5.81%

Est. Payment $125,077/mo

MLS Sheet Video

5

Bedrooms

5.5

Bathrooms

3,202

Sq. Ft.

1940

Year Built

2

Garage

2

Stories

306

Days on Market

Description

A beautifully renovated, masterful landmark of Modernist architecture, the Boat House combines the very best elements of life in Palm Beach - the perfect spot on the lakefront with dock and boat-lift, deeded ocean access at the Mockingbird neighborhood beach cabana, and an incredibly elegant, exquisitely renovated, move-in ready home. This nautically themed Art Moderne home faces prow-forward toward dramatic sunsets, its rooftop deck overlooking the pool, dock and sparkling Intracoastal. Sea-going touches include seamed hardwood floors, porthole windows and white-piped terrace railings. The house received a full renovation a few years ago and the current owners then made meaningful improvements of their own. Those improvements include all new AC units including one for the garage, a high-end water filtration system, an oversized wine and beverage fridge, a smart home tech center and electric awning for the dining terrace. And to top it all off- an outdoor infrared sauna! Mockingbird is one of the very few Palm Beach streets with both a private neighborhood beach cabanas and direct lake trail access. (video available)

Facts

MLS#
R10996763
Subdivision
MOCKINGBIRD TRAIL TRACT
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1940
Lot Size
14,810 ft²
Sq. Ft.
3,202 ft²
Sq. Mt.
297 m²
Price per sq. ft.
$7,339/ft²
Price per sq. mt.
$79,125/m²
Stories
2
Garage
2 spaces
Pool
Private
Days on Market
306 days
Listed
Jun 16, 2024
Last Updated
Jul 27, 2026
Price/Lot Sq.Ft.
$1,587/ft²

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

September 2026

100/100
Buyers marketSellers market

72

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).

7/27/2026Sold$23,500,000
1/30/2025Price change$23,500,000-5.8%
6/16/2024Listed for sale$24,950,000

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

Location

1221 N Lake Way, Palm Beach FL 33480Directions

Estimated Monthly Payment

$144,810/mo

Principal & Interest

$125,077

Property Tax

$19,583

Insurance

$150

HOA

$0

20% ($4,700,000)
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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