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206 Lake Drive, Palm Beach Shores FL 33404

House Recently Sold
$6,625,000

BTC: 81.06454573

ETH: 2,693.08943089

Sold on: 2026-04-14
New
Waterfront
3 bds
3 ba
1,686 sqft

Overview

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.

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Open / Parking Garage
Year Built:
1953
Lot:
0.42 Acres
Heating:
Electric
Price/sqft:
$4,152
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$525,000
$357K – $3.5M
Confidence Low
List vs. estimate
$6.5M above estimate
List $7,000,000 · +1233.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$4,151
+359.4% vs. city median $903
Based on
7 MLS comparables
+ 20 public-records sales within 0.5 mi
Median actual sale: $1.4M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$12,511
2025
View
Intracoastal View
Waterfront
Intracoastal Front, Navigable Water
Garage
2 car garage
Pets
Allowed
All facts and features
  • Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Refrigerator

    Other interior features

    • No Interior Features

    • Split Bedroom

    • Family Room

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Parking

    • 2 Or More Spaces

    • Open

    • Parking Garage

    Property

    • Levels: 1

    • Exterior Features: East Of Us1

    Lot

    • Lot: 0.42 Acres

    Other Property Information

    • Parcel Number: 54434227040005350

    • Zoning: DISTRIC C - MUL

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Sewer Connected

    • Water Connected

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $12,511

  • Source details

    • MLS ID: R11168153

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot / East Of US 1

    • Direction Faces: East

    • Other Structures: Livable

    • Architectural Style: Ranch

    • Waterfront: Yes

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1686

    • Water Source: Public

    • Lot Size Dimensions: 75x242

    • Subdivision Name: PALM BEACH SHORES

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: The Keyes Company (PBG)