1496 N Lake Way, Palm Beach, FL 33480 (MLS# B26042044)

1496 N Lake Way, Palm Beach, FL 33480

$9,000,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 4,225 Status: Active
Current Price: $9,000,000 List Date: 6/17/2026 Last Modified: 9/04/2026

Overview

Description

A rare mid-century modern residence designed by renowned Spanish architect, Javier de Olaso, reflecting the relaxed elegance of indoor-outdoor lifestyle in Ibiza. Thoughtfully designed to draw the eye toward the lush gardens, sculptures and private yard, the home enjoys beautiful views from nearly every room and the balcony. Set on a secluded .22 acre corner lot at North Lake Way and Mediterranean Road on Palm Beach Island's coveted North End, this exceptional property offers an opportunity to restore and reimagine an architectural gem or create a remarkable new residence. Just moments from the Intracoastal, inlet and ocean, and surrounded by mature tropical landscaping, this is truly a special Palm Beach offering.

Listing Details MLS# B26042044

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
2
Bathrooms Total
3
Bathrooms Full
2
Bathrooms Half
Yes
Building Area Main
4225
Building Area Source
Assessor
Living Area Main
2883
Living Area Source
Assessor
Adjusted Area Main
3161
Accessibility Features YN
No
Year Built
1954
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Parking Total
6
Gated Community YN
No
Lot Size Area
9583.2
Lot Size Acres
0.22
Senior Community YN
No
Land Lease YN
No
Recreation Lease YN
No
Guest House YN
No
Outdoor Living Spaces YN
Yes
Stories Total
2
Stories
2
Direction Faces
North
Fireplace YN
No
Pool Private YN
Yes
LP/Assessed Value
3.46

Property Features

Dining Area: Breakfast Area; Dining/Living Room; Snack Bar/Counter Exterior Features: Private Rooftop Terrace; Storage Flooring: Concrete; Marble Parking Features: Garage Door Opener; Attached Garage; Garage Property Condition: Resale Special Listing Conditions: Standard Appliances: Electric Range; Oven; Refrigerator Architectural Style: Mid-Century Modern Construction Materials: Concrete Cooling: Central Air Fencing: Back Yard; Masonry Heating: Central Interior Features: Bedroom Layout - Split; Built-in Features; Entrance Foyer; Roman Tub; Storage Levels: Two Listing Terms: Cash; Conventional Lot Features: Corner Lot; Landscaped; Many Trees Main Living Area: Entry Level Membership: No Membership Available Pets Allowed YN: Yes Pets Allowed: No Restrictions Pool Features: Free Form; In Ground Possession: Close Of Escrow Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Flat Sewer: Public Sewer Sprinkler Description: Auto Sprinkler Structure Type: House Tax Information: City/County Utilities: Cable Available; Electricity Available; Sewer Available; Water Available; Underground Utilities View: Garden; Pool Water Source: Public Showing Requirements: 24 Hour Notice; Listing Agent Must Accompany; Schedule Online Outdoor Living Spaces: Balcony; Deck; Patio; Terrace Balcony Details: Balcony - Covered Patio Details: Patio - Covered; Patio - Open Room Types: Kitchen; Living Room; Master Bedroom Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
9000000
Negotiable Seller Concessions YN
No
Occupant Type
Vacant
Listing Service
Full Service
Seller Represented YN
Yes

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
1496
Street Direction Prefix
N
Street Name
Lake
Street Suffix
Way
Municipality Type
Incorporated
Municipal Code
50
State Or Province
FL
Postal Code
33480
Postal Code +4
3031
Subdivision Name
BOCA RATONE CO INLET
Area
5001
Geographic Area
PB30
Elementary School
Palm Beach Public
High School
Palm Beach Lakes
Special Assessment YN
No
Parcel Number
50434234030001071
Subdivision Number
3
Zoning
R-B (city)
Flood Zone
AE,X
Directions
N Lake Way to corner of Mediterranean and N Lake Way

Financial Information

Application Required YN
No
Master Association YN
No
Membership Fee Required YN
No
Tax Annual Amount
50226.34
Tax Year
2025
Tax Assessed/SOH Value
2600475
Tax Legal Description
BOCA RATONE CO INLET SUB REV LAKE FRONT ADD W 10 FT OF LT 107 & LT 114
Assessor Market Value
4317875

Status Change Information

Major Change Timestamp
2026-06-17T03:42:56Z
Major Change Type
New Listing
Status Change Date
2026-06-16

More Information

Entry Information

Entry Level
Yes

Leasing Permitted Details

Leasing Permitted YN
No

Parking Information

Open Parking Spaces
4

Capital Contributions

Capital Contributions YN
No

Co-Ownership

Property Management YN
No

Main Level Rooms

Main Level Bathrooms
Yes

Pet Details

Pet Fee YN
No

Price Calculations

Current Price To SqFt
3121.74

Originating Details

Originating System Key
20260617011716598313000000
Originating System ID
M00000170

Room Information

Room Name
Kitchen
Living Room
Master Bedroom
IDX
Listing Office: Compass Florida LLC
Last Updated: September - 04 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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