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1421 N Lake Way, Palm Beach, FL 33480

Palm Beach, FL

$10,900,000

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4
Bedrooms
3
Bathrooms
3,186
Square Feet
0.31
Acres
1950
Year Built

North End Compound on Cabana Street

A 0.31-acre oversized lot on Cabana Street in the North End of Palm Beach presents two distinct paths: retain the updated 1950 main house and guest cottage as they stand, or pursue a custom rebuild using previously approved ARCOM plans for a 6,293 total square foot residence. The property sits in close proximity to the Sailfish Club and the bike path along the North End.

Property Profile

  • Location: North Lake Way, North Shore, Palm Beach
  • Lot Size: 0.31 acres (oversized for North End)
  • Proposed New Construction: 5,585 LSF / 6,293 TSF per expired ARCOM plans
  • Proposed Layout: 4-bed main house with den, 2-bed guest house
  • Existing Structures: Main house and guest cottage (1950), covered walkway
  • Pool: Heated in-ground pool with spillover spa
  • Proximity: Sailfish Club and North End bike path

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Complete Specifications

Property Sub TypeSingle Family Residence
SubdivisionNORTH SHORE
Year Built1950
Architectural StyleContemporary
Total Square Feet3,186 sq ft
Square Feet Under Air2,388 sq ft
Bedrooms4
Full Baths3
Half Baths0
CoolingCentral Air
HeatingCentral
Garage Spaces2
Lot Size0.31 acres
PoolHeated, In Ground
CommunityNORTH SHORE
ViewGarden, Pool
WaterfrontNone
Association FeeNone
Tax Annual Amount$108,933
Tax Year2024
MLS Status Active
Last Updated July 22, 2026
Listed Date April 4, 2025
Days on Market 493
Data Source BeachesMLS BeachesMLS
MLS Number R11078527
Listing Brokerage Douglas Elliman
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!

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1421 N Lake Way, Palm Beach, FL 33480

Palm Beach, FL 33480

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