510 N Lake Way, Palm Beach FL 33480, PALM BEACH, FL, 33480
Active621 days on marketListed Dec 6, 2024MLS #R11043720
About this home
510 N Lake Way, Palm Beach FL 33480
This British Colonial residence offers 6,922± total square feet with five bedrooms and six and a half bathrooms. Set on a 100' x 172' lot at the corner of Tangier Avenue and North Lake Way, the property features a large pool, covered loggia, and beautifully maintained grounds. The spacious foyer opens to the formal living room and a central gallery hall that connects the main living areas. The family room, located on the south side, opens through French doors to the covered loggia and pool. On the north side, the gallery leads to the formal dining room, library, and kitchen with adjoining dining area—an ideal layout for both everyday living and entertaining. Two guest bedrooms are located on the first floor, each with en suite baths and walk-in closets—one currently serving as a library. Additional first-floor features include a powder room, laundry room, and a two-car garage with separate service drive. Upstairs, the primary suite offers exceptional space and privacy with four walk-in closets, dual bathrooms, and ample storage. Two additional guest bedrooms on this level each include en suite baths and walk-in closets. Ideally situated on Palm Beach's North End, the residence is just moments from the Lake Trail, beaches, restaurants, and world-class shopping.
Facts & features
The home at a glance
5
Bedrooms
6.5
Bathrooms
6,239
Sqft
0.39 ac
Lot size
2
Garage
1995
Year built
2
Levels
$2,724
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$106,770 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$106,770/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Palm Beach actives
$2,724 vs $1,242
Days on market
621 vs 112 typical
Where $2,724/sqft sits among the 193 Palm Beach actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Palm Beach
Get to know Palm Beach. See the full Palm Beach guide →
PALM BEACH 33480 — neighborhood snapshot
Population
10,901
Median age
69.4
Median income
$151,121
Median home value
$1,218,500
Avg household
1.69
Households w/ children
246
For the school run
Palm Beach County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Palm Beach market
$365K → $5.0M
Palm Beach median sold, yr/yr
91.4%
Sale-to-list ratio (12 mo)
4 of 193
Palm Beach actives have cut their price
This home is listed 4203% above the PALM BEACH 33480 median. See the full Palm Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 510 N Lake Way
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$16,970,000
242 Tangier Avenue, Palm Beach FL 33480 · same community
5 bd · 7 ba · 5,548 sqft · $3,059/sqft · 47 DOM
Sold · Jun ’26$21,000,000
242 Wells Road, Palm Beach FL 33480
4 bd · 6.5 ba · 5,988 sqft · $3,507/sqft · 207 DOM
Sold · Sep ’25$4,902,600
622 N Flagler Drive # 201, West Palm Beach FL 33401
4 bd · 4.5 ba · 5,335 sqft · $919/sqft · 638 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Iain Robinson
Broker Associate · CENTURY 21 Edge
Tours, negotiation, and every question about 510 N Lake Way — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 510 N Lake Way — before you fall in love.
See it in person
Schedule a tour
Live availability from Iain's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
510 N Lake Way FAQs
What would the monthly payment be for 510 N Lake Way, Palm Beach FL 33480?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $106,770/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 510 N Lake Way, Palm Beach FL 33480?+
The most recent tax bill on record (2024) was $102,388. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 510 N Lake Way, Palm Beach FL 33480?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Palm Beach?+
At $16,995,000, this home is listed about 581% above the Palm Beach median of $2,495,000. The market section on this page shows how the area is trending.
Which schools are assigned to 510 N Lake Way, Palm Beach FL 33480?+
Lantana Elementary School (elementary), Lantana Middle School (middle), Lake Worth High School (high), Glades Construction Academy At West Technical (high) — Palm Beach County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$16,995,000 runs 4203% above the PALM BEACH 33480 median — but at 6,239 sqft it's also nearly 3 times the size of the typical Palm Beach listing.
02Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
03Time on market is leverage
621 days on market against a Palm Beach median of 112 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $21,500,000, now $16,995,000 — a $4.5M cut. The full history is in the market section below.
Keep looking
Similar homes nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New Palm Beach homes, in your inbox
Like 510 N Lake Way, Palm Beach FL 33480 but not quite? A daily digest of every new listing in Palm Beach — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Iain to ping you on any price or status change →