206 Lake Drive, Palm Beach Shores, FL 33404

$6,625,000
3
BD
3
BA
1,686
SqFt
Sold Price
$6,625,000
List Price
$7,000,000
Closing Date
Apr 14, 2026
MLS#
R11168153
Subdivision
Palm Beach Shores
Status
CLOSED
Type
Single Family Residential
Bedrooms
3
Full baths
3
Living Area
1,686

Property 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 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.

Additional Information

Days on Market
0
View
Intracoastal View
Waterfront Description
Intracoastal Front, Navigable Water, No Fixed Bridges, Ocean Access, Seawall
Tax Amount
$12,511
Water Access
Dock Available, Private Dock, Unrestricted Salt Water Access, Exclusive Use, Private Dock, Water Available
Parcel Number
54434227040005350
#Garage Spaces
2
Bedroom Description
None
Front Exposure
East
Lot Size
18,437
Exterior Features
East Of Us1
Parking Restrictions
2 Or More Spaces, Open, Parking Garage
Pet Restrictions
Yes
Pets Allowed
Yes
Address
206 Lake Drive, Palm Beach Shores
SqFt Liv Area
1,686
Year Built
1953
Design
Ranch
Development Name
Palm Beach Shores
Style
House
Middle School
John F. Kennedy
Senior High School
William T Dwyer
Restrictions
Other Restrictions
Construction Type
CBS Construction
Interior Features
No Interior Features, Split Bedroom, Family Room

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing Courtesy of The Keyes Company (PBG), Contact: 561-722-1169

Selling Office: The Keyes Company (PBG).