Home » Properties » 1421 N Lake Way, Palm Beach FL 33480

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1421 N Lake Way, Palm Beach FL 33480 - 4BR Single Family Home

Spacious 4-bedroom, 3-bath home in Palm Beach's North End with updated interiors, guest cottage, heated pool, and approved custom rebuild plans.

$10,900,000

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MLS #R11078527

Listing Updated: 2026-07-17 06:40:37

Listed By: Douglas Elliman

Overview

Located in the coveted North End of Palm Beach on Cabana Street, this 4-bedroom, 3-bath single-family residence offers a unique opportunity. The main house features elegant wood flooring, spacious closets, and tastefully designed bathrooms with walk-in showers. A charming guest cottage connected by a covered walkway provides two additional bedrooms and a full bath, perfect for visitors or extended family. The beautifully landscaped grounds include a heated pool and spillover spa, creating a private oasis. The oversized lot comes with previously approved ARCOM plans for a custom rebuild, allowing buyers to envision a larger, modern home with 5,585 LSF and 6,293 TSF. This property balances immediate livability with future potential in a prime Palm Beach location near the Sailfish Club and bike path.

Property Highlights

4 bedrooms, 3 bathrooms, guest cottage, heated pool, updated interiors, oversized lot, approved rebuild plans, North End Palm Beach location, 2-car garage.

Property Details

City: Palm Beach

State: FL

Zip Code: 33480

Address: 1421 N Lake Way, Palm Beach FL 33480

Year Built: 1950

Property Type: Residential

Property Sub Type: Single Family Residence

Listing Office Name: Douglas Elliman

County: Palm Beach County

Garage Spaces: 2

Parking Features: 2 Or More Spaces, Parking Garage

Interior Features: Cooking Island, Entrance Foyer, Stacked Bedroom, Great Room

Exterior Features: East Of Us1

Waterfront: No

Pool: Yes

HOA Fee: $0

Annual Tax: $108,933

Days On Market: 474 Days

Original Listing Description

RARE OPPORTUNITY!! Palm Beach's coveted North End on Cabana street. This exceptional property offers endless possibilities. Perfectly livable yet primed for a custom rebuild, this oversized lot comes with previously approved ARCOM plans (plans are expired, not to resubmit), allowing for a seamless transition to your dream home. Proposed home will be 5,585 LSF and 6,293 TSF, with 4-beds in the main house plus convertible den (office/library) and 2-bed in guest house. Currently, the beautifully updated main house features two elegant bedrooms with rich wood flooring, spacious closets, and two tastefully designed bathrooms with walk-in showers. A charming guest cottage, connected by a covered walkway, provides a private retreat with two additional bedrooms, a cozy sitting area, and a full bath. The meticulously landscaped grounds are a private oasis, complete with a heated pool and spillover spa, surrounded by lush greenery. Whether you choose to enjoy this serene setting as is or bring your vision to life with the approved new construction plans, this prime North End location ensures unparalleled luxury and value. Close proximity to the Sailfish Club and bike path. A rare chance to build or enjoy as is-don't miss this extraordinary opportunity!

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1421 N Lake Way, Palm Beach FL 33480

About This Neighborhood

Situated in Palm Beach's prestigious North End, this property benefits from a serene residential environment known for its privacy and exclusivity. The neighborhood features well-maintained streets, proximity to waterfront clubs, and easy access to recreational paths. Residents enjoy a peaceful setting while remaining close to the vibrant cultural and social amenities Palm Beach offers.

Walkability & Lifestyle

The property enjoys easy access to nearby bike paths and walking routes, encouraging an active lifestyle. Residents can explore local dining, shopping, and waterfront areas within a short drive. The North End's quiet streets and proximity to recreational amenities make daily errands and leisure activities convenient and enjoyable.

Things To Do Nearby

Palm Beach offers a range of lifestyle activities including boating, golf, dining, and cultural events. The nearby Sailfish Club and waterfront areas provide opportunities for socializing and outdoor recreation. Residents can enjoy beaches, parks, and local entertainment venues, contributing to a well-rounded living experience.

Nearby Schools

Palm Beach offers access to quality educational institutions within reasonable commuting distance. Families benefit from a variety of public and private school options in the area, providing convenient access to academic resources and extracurricular activities. The neighborhood's residential character supports a family-friendly environment.

Why Buyers Like This Area

Buyers appreciate this North End Palm Beach home for its combination of classic charm and potential for customization. The spacious lot and approved plans offer flexibility, while the existing updated home and guest cottage provide immediate comfort. The location offers privacy, access to waterfront clubs, and proximity to recreational amenities, appealing to diverse buyer needs.

Investment Potential

This Palm Beach property offers a blend of immediate livability and redevelopment potential. The existing home is updated and functional, appealing to buyers seeking a move-in ready residence. Additionally, the oversized lot with approved ARCOM plans presents an opportunity for a custom rebuild, which may attract buyers interested in creating a larger, modern estate. The location in the North End, near the Sailfish Club and bike path, enhances desirability among seasonal residents and year-round homeowners alike.

Market Trends

The Palm Beach real estate market continues to attract buyers seeking luxury single-family homes in prime locations. Properties in the North End are especially sought after due to limited inventory and the area's established reputation. Buyers value the combination of historic charm and potential for modern redevelopment, contributing to sustained interest in this segment of the market.

Rental Income Potential

While this property is primarily suited for owner-occupants, its location and amenities may appeal to tenants seeking seasonal rentals. The guest cottage adds flexibility for accommodating guests or renters. The proximity to popular local attractions and waterfront amenities supports consistent tenant interest during peak seasons.