Ocean Terrace, 1333 N Lake Way

$16.1M7.5%
$14,900,000
0.56
Acre
Status
Sold - Apr 30, 2026
Size
0.56 Acres (2,262 m2)
Price
$26,607,143/Acre ($6,587/m2)
Type
Land
MLS Number
R11124839
On Site
363 Days
Updated
137 Days ago
Page Views
0
The possibilities are endless at this prime lot with access to the Ocean Terrace Beach Cabana! This oversized lot measuring .56 acres ( 223 feet x 110 + - ) is located on the coveted North End of Palm Beach Island. A rare opportunity, this oversized assemblage includes an existing on-site structure and offers the chance to build a new construction home close to the beach. In addition to being nearby the prestigious Sailfish Club of Florida, this special lot includes easy access to the popular Lake Trail, which is literally just a few steps from the property. The neighborhood feels like you are in the Bahamas, but is also just minutes away from the full array of amenities, infrastructure, entertainment, and five-star dining which Palm Beach and West Palm Beach have to offer! 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. "No payments made until title passes" 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 2025 by the listing company. All Rights Reserved.

Features

All features
  • Current Use: Other
  • Approx SqFt Total Area: 24349
  • Property SqFt: 24349
  • Remarks: The possibilities are endless at this prime lot with access to the Ocean Terrace Beach Cabana! This oversized lot measuring .56 acres ( 223 feet x 110 + - ) is located on the coveted North End of Palm Beach Island. A rare opportunity, this oversized assemblage includes an existing on-site structure and offers the chance to build a new construction home close to the beach. In addition to being nearby the prestigious Sailfish Club of Florida, this special lot includes easy access to the popular Lake Trail, which is literally just a few steps from the property. The neighborhood feels like you are in the Bahamas, but is also just minutes away from the full array of amenities, infrastructure, entertainment, and five-star dining which Palm Beach and West Palm Beach have to offer! 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. "No payments made until title passes" 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 2025 by the listing company. All Rights Reserved.
  • Internet Remarks: The possibilities are endless at this prime lot with access to the Ocean Terrace Beach Cabana! This oversized lot measuring .56 acres ( 223 feet x 110 + - ) is located on the coveted North End of Palm Beach Island. A rare opportunity, this oversized assemblage includes an existing on-site structure and offers the chance to build a new construction home close to the beach. In addition to being nearby the prestigious Sailfish Club of Florida, this special lot includes easy access to the popular Lake Trail, which is literally just a few steps from the property. The neighborhood feels like you are in the Bahamas, but is also just minutes away from the full array of amenities, infrastructure, entertainment, and five-star dining which Palm Beach and West Palm Beach have to offer! 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. "No payments made until title passes" 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 2025 by the listing company. All Rights Reserved.
  • Waterfront: No info
  • Directions: South
  • Days on Market: 166
  • Closing Date: 2026-04-30
  • Compass Point: N
  • Office Name: Premier Estate Properties Inc.
  • Taxes: 177421
  • Tax Year: 2025
  • Listing Date: 2025-09-16T20:00:00.000-00:00
  • Lot Size Square Feet: 24349

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Price History

Current
$14.9M
High
$16.1M
Low
$14.9M
Total Change
-7.5%
$16.2M$15.5M$14.8MSep 25Apr 26Apr 26
Date
Event
Price
Change
Price Per
04/30/2026
Sold
$14.9M
0%
$612 ft2
$6,587 m2
04/30/2026
Price Reduced
$14.9M
-7.45%
$612 ft2
$6,587 m2
09/17/2025
Listed
$16.1M
 
$661 ft2
$7,117 m2
04/30/2026
$14.9M
Event
Sold
Change
0%
Price Per
$612 ft2
$6,587 m2
04/30/2026
$14.9M
Event
Price Reduced
Change
-7.45%
Price Per
$612 ft2
$6,587 m2
09/17/2025
$16.1M
Event
Listed
Price Per
$661 ft2
$7,117 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Margit Brandt • Premier Estate Properties Inc. • Buyer Agency Compensation .

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Scores

Walk Score®
Car-Dependent. Almost all errands require a car
7

100
Bike Score®
Somewhat Bikeable. Minimal bike infrastructure
40

100
Sound Score®
Bearable noise
76

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
31

100
Local Score
Limited local amenities nearby
0

100
Community Snapshot
4 – 4 BR
Bedrooms
$10M – $10M
Price Tier
2,673 - 8,533
SqFt Range
2015
Year Build
2
Total Floors

Subdivision Amenities

Beach Access
Beach Rights
Cabana
None

Palm Beach
Ultra Luxury
Ultra Luxury Homes & Condos