$15,995,000
510 N Lake Way
Palm Beach, FL 33480
Explore the area: Palm Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- Asking price
- $15,995,000
- Price per sq ft
- $2,564
- Original price
- $21,500,000
- Days on market
- 675
This 5-bedroom single-family home in Tangier Est went under contract with an asking price of $15,995,000, or $2,564 per square foot. The asking price has come down 25.6% from its original $21,500,000. It spent 675 days on the market before going under contract.
Estimated monthly payment
$84,061 /mo
Principal and interest only, based on $3,199,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $15,995,000
- Days on Site
- 675 Days
- Bedrooms
- 5
- Total Baths
- 7
- Full Baths
- 6
- Partial Baths
- 1
- Living Area
- 6,239 sqft
- Total Sq Ft
- 6,922 sqft
- Lot Size
- 0.39 Acres
- Year Built
- 1995
- Property Type
- Single Family
- MLS #
- R11043720
- Property Tax
- $102,388 (2024)
- Subdivision
- TANGIER EST
- County
- Palm Beach
- Status
- Under Contract
About This Property
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.
MLS media linkGeneral Features
- Property Type
- Single Family
- Status
- Under Contract
- Year Built
- 1995
- Property Condition
- Resale
- Number of Stories
- 2
- Levels
- Two
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Attached / Circular Driveway / Garage
- Direction Faces
- East
- Lot Size (Acres)
- 0.39
- Living Sq Ft
- 6,239
- Total Sq Ft
- 6,922
- Structure Type
- House
- Zoning
- R-B(ci
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Free Standing Freezer / Disposal / Ice Maker / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Marble / Other
- Interior Features
- Entrance Foyer / Family Dining Room / Kitchen Island / Multiple En Suite Bathrooms / Tub Shower / Upper Level Primary / Bar
- Main Level Bedrooms
- 1
- Main Level Baths
- 2
- Total Rooms
- 5
- Furnished
- Unfurnished
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Private Pool
- Yes
- Lot Features
- Quarter To Half Acre Lot
- Waterfront Features
- None
Community & HOA
- Security
- Security System Owned / Fire Alarm / Fire Sprinkler System / Smoke Detectors
- Utilities
- Cable Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 5001
About the Community
Tangier Est is a luxury community in Palm Beach, Palm Beach County, Florida. Properties are priced from $12,500,000 to $17,000,000. Pure Equity lists homes in Tangier Est and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 0
Frequently Asked Questions
- How do I schedule a tour of 510 N Lake Way, Palm Beach, FL 33480?
- Use the Tour button on this listing to request a showing of 510 N Lake Way, Palm Beach, FL 33480. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 510 N Lake Way, Palm Beach, FL 33480 still available?
- 510 N Lake Way, Palm Beach, FL 33480 is currently listed as Under Contract, and has been on the market 675 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 510 N Lake Way, Palm Beach, FL 33480?
- With 20% down ($3,199,000) on the $15,995,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 510 N Lake Way, Palm Beach, FL 33480 is about $84,061/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 510 N Lake Way, Palm Beach, FL 33480?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 510 N Lake Way, Palm Beach, FL 33480. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 510 N Lake Way, Palm Beach, FL 33480?
- Often, yes. The right offer on 510 N Lake Way, Palm Beach, FL 33480 depends on how it's priced against comparable single family sales in Palm Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Sotheby's Intl. Realty, Inc.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$15,995,000
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Listed by Todd Peter, Sotheby's Intl. Realty, Inc.
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Recent Sales
Recently sold homes in Tangier Est
These are the last 3 recorded closings in Tangier Est, with the price each home actually sold for rather than what it was listed at. They closed at a median of $3,059 per square foot. The most recent closed on August 10, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$12,000,000
Sold · August 10, 2026
240 Tangier Avenue
4 bed · 4 bath · 4,473 sqft · $2,683/sqft
$500,000 under the asking price
Sold$12,000,000
Sold · August 10, 2026
240 Tangier Avenue
0 bed · 0 bath
$500,000 under the asking price
Sold$16,970,000
Sold · February 17, 2026
242 Tangier Avenue
5 bed · 7 bath · 5,548 sqft · $3,059/sqft
$780,000 under the asking price
See every recorded sale in Tangier Est or find out what your Tangier Est home is worth.
