PALM BEACH SHORES
206 Lake Drive, Palm Beach Shores FL 33404
3 beds · 3 baths · 1,686 ft²
$7,000,000
Est. Payment $37,257/mo
3
Bedrooms
3
Bathrooms
1,686
Sq. Ft.
1953
Year Built
2
Garage
1
Stories
0
Days on Market
Description
Exceptional waterfront development opportunity in the Town of Palm Beach Shores. Spanning approximately 0.42 acres along the Intracoastal Waterway, this property offers direct access to the Atlantic Ocean within minutes and no fixed bridges. Positioned across from Peanut Island and just north of the Palm Beach Inlet, the location provides outstanding boating convenience and wide water views. Zoned C, the parcel allows for multiple potential uses including single-family, multi-family, or hospitality (subject to town approvals). The property features approximately 75 ft of waterfront with an existing 99 ft dock and is located in an area experiencing continued coastal enhancement and investment. Palm Beach Shores is a unique seaside municipality situated on the southern tip of Singer Island bordered by the Atlantic Ocean, Lake Worth Lagoon, and the Palm Beach Inlet. Residents enjoy walkable access to the beach, a community pavilion, local parks, and nearby marinas. Close to waterfront dining, shopping, golf courses, and Palm Beach International Airport. Buyer to verify zoning, permitted uses, and development requirements with the Town of Palm Beach Shores.
Facts
- MLS#
- R11168153
- Subdivision
- PALM BEACH SHORES
- Property Type
- Residential
- Property Sub Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 18,295 ft²
- Sq. Ft.
- 1,686 ft²
- Sq. Mt.
- 157 m²
- Price per sq. ft.
- $4,152/ft²
- Price per sq. mt.
- $44,586/m²
- Stories
- 1
- Garage
- 2 spaces
- Pool
- —
- Days on Market
- —
- Listed
- Mar 3, 2026
- Last Updated
- May 18, 2026
- Price/Lot Sq.Ft.
- $383/ft²
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Market insights for Palm Beach Shores
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
July 2026
91
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).
| 5/18/2026 | Sold | $7,000,000 |
| 3/3/2026 | Listed for sale | $7,000,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Estimated Monthly Payment
$43,240/mo
Principal & Interest
$37,257
Property Tax
$5,833
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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