About 206 Lake Drive
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.
Features of 206 Lake Drive
| MLS® # | R11168153 |
|---|---|
| USD | $6,625,000 |
| CAD | $9,210,870 |
| CNY | 元44,480,250 |
| EUR | €5,743,915 |
| GBP | £4,918,533 |
| RUB | ₽560,794,325 |
| Last Listing Price | $7,000,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | Public Records |
| Acres | 0.42 |
| Year Built | 1953 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Restrictions | Other Restrictions |
| Style | Ranch |
| Status | Closed |
| HOPA | No Hopa |
| Membership Equity | No |
Community Information
| Address | 206 Lake Drive |
|---|---|
| Area | 5240 |
| Subdivision | PALM BEACH SHORES |
| City | Palm Beach Shores |
| County | Palm Beach |
| State | FL |
| Zip Code | 33404 |
Amenities
| Amenities | Boating |
|---|---|
| Utilities | Sewer Available, Water Available |
| Parking | Open, Garage, Attached Garage |
| # of Garages | 2 |
| View | Intracoastal |
| Is Waterfront | Yes |
| Waterfront | No Fixed Bridge, Ocean Access, Navigable Water, Seawall, Intracoastal, No Fixed Bridges |
| Has Pool | No |
| Boat Services | Private Dock,Water Available,Exclusive Use |
| Pets Allowed | Yes, No Restrictions |
| Subdivision Amenities | Boating |
Interior
| Interior Features | Bedroom Layout - Split, None |
|---|---|
| Appliances | Refrigerator |
| Heating | Electric |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
| Master Bedroom | None |
Exterior
| Roof | Composition, Other, Shingle |
|---|---|
| Construction | CBS |
| Front Exposure | East |
School Information
| Elementary | Lincoln |
|---|---|
| Middle | John F. Kennedy (Palm Beach) |
| High | William T. Dwyer |
Additional Information
| Date Closed | April 14th, 2026 |
|---|---|
| Date Listed | March 3rd, 2026 |
| Days on Market | 196 |
| Zoning | DISTRIC C - MUL |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Parcel ID | 54434227040005350 |
Listing Details
| Office | The Keyes Company (PBG) |
|---|