$7,000,000
Sold · October 8, 2025
740 N Lake Way
Palm Beach, FL 33480
Explore the area: Palm Beach homes for sale · Palm Beach County real estate
Sale Summary
What this home sold for
- Sold price
- $7,000,000
- Vs. list price
- 11.9% under
- Days on market
- 14
- Price per sq ft
- $2,339
This 3-bedroom single-family home in Rafalsky Mark sold for $7,000,000 on October 8, 2025. That was 11.9% below its final list price of $7,950,000. It spent 14 days on the market. At $2,339 per square foot, it closed 17% below the $2,817 median of the 3 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $7,000,000
- Sold On
- October 8, 2025
- Days on Site
- 14 Days
- Bedrooms
- 3
- Total Baths
- 4
- Full Baths
- 3
- Partial Baths
- 1
- Living Area
- 2,993 sqft
- Total Sq Ft
- 3,294 sqft
- Lot Size
- 0.25 Acres
- Year Built
- 1985
- Property Type
- Single Family
- MLS #
- R11123937
- Property Tax
- $108,912 (2024)
- Subdivision
- RAFALSKY MARK
- County
- Palm Beach
- Status
- Sold
About This Property
Exceptional North End Opportunity! Unlock the potential of this prime 10,882± SF Island parcel, perfectly positioned on a rare coral ridge with an impressive 13+ feet of elevation. Whether you choose to reimagine the existing Regency-style residence or build your dream home, the possibilities are endless. The current layout features soaring ceilings, 3 bedrooms, 3.5 baths, a sparkling pool, new roof, and a whole-house generator—providing an excellent foundation for a stunning transformation. A coveted North End location combines privacy, prestige, and proximity to the best of Palm Beach. 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.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 1985
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 1
- Attached Garage
- Yes
- Parking
- Attached / Garage
- Direction Faces
- East
- Lot Size (Acres)
- 0.25
- Living Sq Ft
- 2,993
- Total Sq Ft
- 3,294
- Zoning
- R-B(ci
Interior Features
- Appliances
- Dryer / Dishwasher / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Marble
- Fireplace
- Yes
- Interior Features
- Dual Sinks
- Laundry
- Inside
- Main Level Bedrooms
- 3
- Main Level Baths
- 4
- Furnished
- Unfurnished
Exterior Features
- Construction
- Block
- Private Pool
- Yes
- Lot Features
- Less Than Quarter Acre
- Waterfront Features
- None
Community & HOA
- Association Amenities
- None
- Utilities
- Natural Gas Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 5001
About the Community
Rafalsky Mark is a luxury community in Palm Beach, Palm Beach County, Florida. Properties are priced from $9,000,000 to $16,900,000. Pure Equity lists homes in Rafalsky Mark 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
- 1
- Median List Price
- $8,995,000
- Median $/Sq Ft
- $3,553
- Avg Days on Market
- 523
Frequently Asked Questions
- How do I schedule a tour of 740 N Lake Way, Palm Beach, FL 33480?
- Use the Tour button on this listing to request a showing of 740 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 740 N Lake Way, Palm Beach, FL 33480 still available?
- 740 N Lake Way, Palm Beach, FL 33480 is currently listed as Sold, and has been on the market 14 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 740 N Lake Way, Palm Beach, FL 33480?
- With 20% down ($1,590,000) on the $7,950,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 740 N Lake Way, Palm Beach, FL 33480 is about $41,781/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 740 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 740 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 740 N Lake Way, Palm Beach, FL 33480?
- Often, yes. The right offer on 740 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 Premier Estate Properties, 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 July 1, 2026.
$7,000,000
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Listed by James L. McCann, Premier Estate Properties, Inc
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Recent Sales
Recently sold homes in Rafalsky Mark
These are the last 3 recorded closings in Rafalsky Mark, with the price each home actually sold for rather than what it was listed at. They closed at a median of $2,817 per square foot. The most recent closed on September 8, 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$6,960,000
Sold · September 8, 2026
265 Fairview Road
3 bed · 3.5 bath · 2,471 sqft · $2,817/sqft
$490,000 under the asking price
Sold$12,689,525
Sold · July 20, 2026
234 Ridgeview Drive
4 bed · 6.5 bath · 4,504 sqft · $2,817/sqft
$1,460,475 under the asking price
Sold$6,410,000
Sold · May 1, 2026
257 Fairview Road
4 bed · 4 bath · 2,263 sqft · $2,833/sqft
$185,000 under the asking price
See every recorded sale in Rafalsky Mark or find out what your Rafalsky Mark home is worth.
