Set on a secluded .22 acre lot at at the corner of North Lake Way and Mediterranean Road on Palm Beach Island’s coveted North End, this exceptional property offers an opportunity to restore and reimagine an architectural gem or create a remarkable new residence. Just moments from the Intracoastal, inlet and ocean, and surrounded by mature tropical landscaping, this is truly a special Palm Beach offering.A rare mid-century modern residence designed by renowned Spanish architect, Javier de Olaso, reflecting the relaxed elegance of indoor-outdoor lifestyle in Ibiza. Thoughtfully designed to draw the eye toward the lush gardens, sculptures and private yard, the home enjoys beautiful views from nearly every room and the balcony.
Listing Provided Courtesy of Compass Florida LLC at 561-285-4283
Property Details
Price:
$8,000,000
MLS #:
B26042044
Status:
Active
Beds:
2
Baths:
2.5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
BOCA RATONE CO INLET
Neighborhood:
5001
Listed Date:
Jun 16, 2026
Finished Sq Ft:
2,883
Total Sq Ft:
4,225
Lot Size:
417,444,192 sqft / 0.22 acres (approx)
Year Built:
1954
See this Listing
Schools
Elementary School:
Palm Beach Public
High School:
Palm Beach Lakes
Interior
Appliances
Electric Range, Oven, Refrigerator
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air
Flooring
Concrete, Marble
Heating
Central
Interior Features
Bedroom Layout – Split, Built-in Features, Entrance Foyer, Roman Tub, Storage
Levels
Two
Main Level Bathrooms
1
Exterior
Architectural Style
Mid Century Modern
Attached Garage YN
1
Construction Materials
Concrete
Covered Spaces
2
Direction Faces
North
Exterior Features
Balcony, Private Rooftop Terrace, Storage
Fencing
Back Yard, Masonry
Garage Spaces
2
Lot Features
Corner Lot, Landscaped, Many Trees
Open Parking Spaces
4
Parking Features
Attached Garage, Garage, Garage Door Opener
Parking Spots
6
Parking Total
6
Patio And Porch Features
Patio – Open, Patio – Covered, Terrace, Patio, Deck
Roof
Flat
Stories
2
View
Garden, Pool
Financial
Tax Year
2025
Taxes
$50,226
Map
Community
- Address1496 N Lake Way Palm Beach FL
- SubdivisionBOCA RATONE CO INLET
- CityPalm Beach
- CountyPalm Beach
- Zip Code33480
Market Summary
Current real estate data for Single Family in Palm Beach as of Nov 05, 2026
103
Single Family Listed
164
Avg DOM
4,406
Avg $ / SqFt
$31,246,262
Avg List Price
Property Summary
- Located in the BOCA RATONE CO INLET subdivision, 1496 N Lake Way Palm Beach FL is a Single Family for sale in Palm Beach, FL, 33480. It is listed for $8,000,000 and features 2 beds, 3 baths, and has approximately 2,883 square feet of living space, and was originally constructed in 1954. The current price per square foot is $2,775. The average price per square foot for Single Family listings in Palm Beach is $4,406. The average listing price for Single Family in Palm Beach is $31,246,262.
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