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1053 N Lake Way, Palm Beach, FL, 33480

5beds
6baths
6,101sqft
$26,900,000
$4,409price/sqft
$177,431/moest. monthly cost
$7,097,240/yrincome needed

About This Home

Welcome to 1053 N Lake Way, a stunning 5 bedroom plus office North End Estate with two structures - main house and guest house - all situated on an oversized lot on the sunny South side of the street. Built new in 2016, this incredible sanctuary was built to the highest quality. The custom residence features a 1,300 bottle wine cellar, library, and stunning architectural finishes throughout. Offering an excellent floor plan, designed by Michael Perry, with three bedrooms plus an office in the main house and a completely separate guest house with 2 bedrooms. Doors in the dining room were sourced originally from the New York City Public Library. The intricately landscaped outdoor spaces boast stunning loggias, bougainvillea accented pool, a bonsai garden, fire pit, and multiple options for al fresco dining. With an immaculate attention to detail, this home is a turn-key gem on an A+ North End street, with Via Marila having both the Laurie Lane alley as a service entrance and Via Marila offering beach access to some of the most desirable beaches in Palm Beach. DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2026 by the listing company. All Rights Reserved.

Getting Around

11
WalkingCar-Dependent
0
TransitVery Limited Transit
55
BikeBikeable

Schools

8/10
Palm Beach Public SchoolGrades PK-53.1 mi
3/10
Conniston Middle SchoolGrades 6-85.2 mi
2/10

Construction

Condition

  • Year built: 2016

Materials

  • Roof: Tile
  • Construction materials: Block,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bermuda
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Refrigerator,Freezer,Gas Range,Dishwasher,Microwave,Disposal,Washer,Dryer,Wine Refrigerator,Oven

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Features

  • Wet Bar,Ceiling Fan(s),Wine Rm/Temp-Control,Storage
  • Window features: Double Hung,Impact Glass
  • Flooring: Marble
  • Fireplace features: Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 7,033
  • Total interior livable area: 6,101 sqft

Kitchen

  • Level: First
  • Area: 100
  • Dimensions: 10 x 10

Living Room

  • Level: First
  • Area: 308
  • Dimensions: 22 x 14

Property

Details

  • Parcel number: 50434303180000140
  • Zoning: R-B - Low Density Residential

Features

  • Private pool: Yes
  • Patio & porch: Patio
  • Exterior features: Balcony
  • Fencing: Back Yard,Front Yard
  • Waterfront features: None

Lot

  • Lot size: 0.36 Acres
  • Lot size dimensions: 165 ft

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Heat Wave
Inland Flooding
Lightning
Tsunami

FEMA Declared Disasters in Palm Beach County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $136,021$1,632,252
Home Insurance *$7,963$95,556
Property Taxes $32,834$394,008
Electricity $613$7,367
Total$177,431$2,129,172
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$6,083,348/yr
40% on housing$5,322,930/yr
45% on housing$4,731,493/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.0%
4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$4,409This listing

vs Other Active Listings

Avg $/sqft

ZIP 33480$1,967
Palm Beach County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 33480$3,044
Palm Beach County$365

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-01-22Listed for sale$26,900,000
2014-06-30Sold$2,400,000
2013-06-05Listed for sale$2,600,000
1996-12-16Sold$560,000

For Sale by Agent

AgentMARGIT M BRANDT
BrokeragePremier Estate Properties, Inc.

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