$14,900,000
Palm Beach, FL 33480
MLS# R11124839
Status: Closed
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Property Description
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!
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2025-09-17
Status: Closed
Original List Price: 16100000
Sold Price: $14,900,000
Current Price: $14,900,000
Negotiable Seller Concessions YN: No
LP/Acre: 28750000
Location and Legal
Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1333
Street Direction Prefix: N
Street Name: Lake
Street Suffix: Way
City Name: Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: OCEAN TERRACE
Area: 5001
Geographic Area: PB30
Elementary School: Palm Beach Public
High School: Palm Beach Lakes
Parcel Number: 50434303030000151
Zoning: R-B(ci
General Property Information
Property Sub Type: Unimproved Land
Lot Size Acres: 0.56
Lot Size Square Feet: 24349
Lot Size Dimensions: 100.0 ft x 113.0 ft
Direction Faces: South
LP/SqFt: 661.22
Status Change Information
Major Change Timestamp: 2026-04-30T22:52:09Z
Major Change Type: Status Change
Status Change Date: 2026-04-30
Under Contract Date: 2026-03-02
Close Date: 2026-04-30
Close Price: 14900000
Buyer Financing: Cash
SP/Acre: 26607142.86
Short Sale Details
Short Sale Addendum: No
Financial Information
Tax Year: 2025
Tax Annual Amount: 177421
Tax Legal Description: OCEAN TERRACE W 90 FT OF LT 15 & LT 16
Originating Details
Originating System Key: 20250917174045856134000000
Originating System ID: M00000170
Property Features
Current Use: Other
Development Status: Unrecorded Plat
Documents Available: None
Location of Property: Subdivision
Possession: Close Of Escrow
Possible Use: Single Family
Sewer: Public Sewer
Trees: Other
Utilities: Electricity Available; Sewer Available
Vegetation: Grassed; Other
Listing Terms: Cash; Conventional
Lot Features: Home
Road Frontage Type: Public Road
Road Surface Type: Paved
Water Source: Other
Showing Requirements: Call Listing Agent
Contingencies: None
Acreage Description: 1/2 To Less Than 1 Acre Lot
Supplements
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Listing Office: Premier Estate Properties Inc.
Last Updated: April - 30 - 2026
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