561206 Lake Drive, Palm Beach Shores, FL 33404
$6,625,000
Property Type:
Residential
Bedrooms:
3
Baths:
3
Square Footage:
2,318
Status:
Closed
Current Price:
$6,625,000
List Date:
3/03/2026
Last Modified:
4/14/2026
Description
Exceptional waterfront development opportunity in the Town of Palm Beach Shores. Spanning approximately 0.42 acres along the Intracoastal Waterway, this property offers direct access to the Atlantic Ocean within minutes and no fixed bridges. Positioned across from Peanut Island and just north of the Palm Beach Inlet, the location provides outstanding boating convenience and wide water views. Zoned C, the parcel allows for multiple potential uses including single-family, multi-family, or hospitality (subject to town approvals). The property features approximately 75 ft of waterfront with an existing 99 ft dock and is located in an area experiencing continued coastal enhancement and investment. Palm Beach Shores is a unique seaside municipality situated on the southern tip of Singer Island
Supplements: bordered by the Atlantic Ocean, Lake Worth Lagoon, and the Palm Beach Inlet. Residents enjoy walkable access to the beach, a community pavilion, local parks, and nearby marinas. Close to waterfront dining, shopping, golf courses, and Palm Beach International Airport. Buyer to verify zoning, permitted uses, and development requirements with the Town of Palm Beach Shores.
More Information MLS# R11168153
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: No
Listing Date: 2026-03-03
Status: Closed
Original List Price: 7000000
Sold Price: $6,625,000
Current Price: $6,625,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Palm Beach Shores
Postal Zip: 33404
Geographic Area: PB28
Special Assessment YN: No
Country: United States
Street Number: 206
Street Name: Lake
Street Suffix: Drive
State Or Province: FL
Postal Code: 33404
Subdivision Name: PALM BEACH SHORES
Area: 5240
Elementary School: Lincoln
Middle Or Junior School: John F. Kennedy (Palm Beach)
High School: William T. Dwyer
Parcel Number: 54434227040005350
Zoning: DISTRIC C - MUL
Directions: Blue Heron Blvd east to Lake Drive, make a right, property on the right.
General Property Information
Living Area Main: 1686
Lot Size Dimensions: 75 X 242 (.42ACRES)
Gated Community YN: No
Lot Size Area: 18437
Senior Community YN: No
Furnished: Unfurnished
Stories Total: 1
Stories: 1
Pool Private YN: No
Year Roof Installed: 1996
Property Sub Type: Single Family Residence
Bedrooms Total: 3
Bathrooms Total: 3
Bathrooms Full: 3
Building Area Main: 2318
Building Area Source: Public Records
Year Built: 1953
Garage YN: 1
Attached Garage YN: 1
Garage Spaces: 2
Covered Spaces: 2
Lot Size Acres: 0.42
Frontage Length: 75
Waterfront YN: 1
Direction Faces: East
Financial Information
Association Deposit YN: No
Membership Fee Required YN: No
Tax Annual Amount: 12511.1
Tax Year: 2025
Tax Legal Description: PALM BEACH SHORES LT 535
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2026-04-14T19:34:21Z
Major Change Type: Status Change
Status Change Date: 2026-04-14
Under Contract Date: 2026-03-03
Close Date: 2026-04-14
Close Price: 6625000
Amenities
Boating: 1
Parking Features
Open: 1
Attached Garage: 1
Garage: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Possession
Close Of Escrow: 1
Negotiable: 1
Sewer
Public Sewer: 1
Special Information
Flood Zone: 1
Property Survey Available: 1
Sold As-Is: 1
Utilities
Sewer Available: 1
Water Available: 1
Heating
Electric: 1
Water Access
No Fixed Bridge: 1
Ocean Access: 1
Water View
Intracoastal: 1
Appliances
Refrigerator: 1
Construction Materials
CBS: 1
Interior Features
Bedroom Layout - Split: 1
None: 1
Listing Terms
Cash: 1
Conventional: 1
Road Frontage Type
East of US-1: 1
Public Road: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Shingle: 1
Other: 1
Water Source
Public: 1
Waterfront Features
Intracoastal: 1
Navigable Water: 1
Seawall: 1
No Fixed Bridges: 1
Architectural Style
Ranch: 1
Boat and Dock Information
Dock: Yes
Dock Details: YES
Boat and Dock Features
Private Dock: 1
Water Available: 1
Exclusive Use: 1
Cooling
Central Air: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Schedule Online: 1
Text Listing Agent: 1
Main Level Rooms
Main Level Bathrooms: 3
Main Level Bedrooms: 3
Master Bedroom/Bath
None: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Restrictions
Other Restrictions: 1
Storm Protection Details
None: 1
Tax Information
City/County: 1
Other Exemption: 1
Showing Details
Pet(s) on Premises: No
Contingencies
None: 1
Room Types
Family Room: 1
Kitchen: 1
Kitchen Level: Main
Living Room: 1
Living Room Level: Main
Master Bedroom: 1
Master Bedroom Level: Main
Price Calculations
Current Price To SqFt: 4151.83
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Originating Details
Originating System Key: 20260206165220741297000000
Originating System ID: M00000170
Property Features
Parking Features: Open; Attached Garage; Garage
Property Condition: Resale
Appliances: Refrigerator
Architectural Style: Ranch
Boat and Dock Features: Private Dock; Water Available; Exclusive Use
Construction Materials: CBS
Cooling: Central Air
Heating: Electric
Interior Features: Bedroom Layout - Split; None
Listing Terms: Cash; Conventional
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Possession: Close Of Escrow; Negotiable
Restrictions: Other Restrictions
Road Frontage Type: East of US-1; Public Road
Road Surface Type: Paved
Roof: Composition; Shingle; Other
Sewer: Public Sewer
Special Information: Flood Zone; Property Survey Available; Sold As-Is
Storm Protection Details: None
Tax Information: City/County; Other Exemption
Utilities: Sewer Available; Water Available
Water Access: No Fixed Bridge; Ocean Access
Water Source: Public
Water View: Intracoastal
Waterfront Features: Intracoastal; Navigable Water; Seawall; No Fixed Bridges
Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Schedule Online; Text Listing Agent
Contingencies: None
Room Types: Family Room; Kitchen; Living Room; Master Bedroom
Acreage Description: 1/4 To Less Than 1/2 Acre Lot
Room Information
Living Room
Length: 15.00
Length: 15.00
Width: 10.00
Width: 10.00
Level: Main
Kitchen
Length: 12.00
Length: 12.00
Width: 12.00
Width: 12.00
Level: Main
Master Bedroom
Length: 12.00
Length: 12.00
Width: 12.00
Width: 12.00
Level: Main
Family Room
Documents
Survey ›
Listing Office:
The Keyes Company (PBG)
Last Updated: April - 14 - 2026
Broker Attribution:
561-722-1169
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
561