206 Lake Drive, Palm Beach Shores, FL 33404

$7,000,000

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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.

206 Lake Drive | MLS# RX-11168153

This single family home located at 206 Lake Drive, Palm Beach Shores, FL 33404 is currently listed for sale with an asking price of $7,000,000. This property was built in 1953 and has 3 bedrooms and 3 full baths with 2318 sq. ft. Lake Drive is located in the PALM BEACH SHORES subdivision. Search PALM BEACH SHORES real estate on ricfair.watsonrealtycorp.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central
Garage: 2 car attached
Heating: Electric
Home Style: Ranch
Lot Size: 0.42 Acres
Roof Type: Comp Shingle, Other
Stories: 1.0
Taxes: $12,511
Year Built: 1953
Square Feet: 2,318

Feature Descriptions

Community Features: Boating
Days on Site: 1
Equipment/Appliances: Refrigerator
Exterior: CBS
Flooring: Tile
Furnished: Unfurnished
Interior Amenities: None, Split Bedroom
Lot: 1/4 to 1/2 Acre, East of US-1,Flood Zone, Paved Road, Public Road
Lot Dimensions: 75 X 242 (.42ACRES)
Membership Fee Required: No
Other Rooms: Family
Parking Notes: Garage - Attached, Open
SQFT Living: 1686
Utilities: Public Sewer, Public Water
Waterfront: Intracoastal, Navigable, No Fixed Bridges, Ocean Access, Seawall
Water Frontage: 75

Room Sizes

Living Room: 15.00 X 10.00 Level - Main
Kitchen: 12.00 X 12.00 Level - Main
Primary Bedroom: 12.00 X 12.00 Level - Main

Listed By / Shown By

Listed By

Agency Name: The Keyes Company (PBG)
Agency Phone: (561) 845-6036

Shown By

Agent Name: Ric Fair
Agent Phone: (352) 443-2970
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 36,839.31 per month $33,755.06 Principal & Interest $1,042.58 Property Tax $2,041.67 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/05/2026. The listing information on this page last changed on 03/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/05/2026 12:07:33 AM EST) or GAMLS (last updated Wed 03/04/2026 11:15:00 PM EST) or Stellar MLS (last updated Wed 03/04/2026 11:58:58 PM EST) or SPC MLS (last updated Wed 03/04/2026 11:20:38 PM EST) or Martin MLS (last updated Wed 03/04/2026 11:38:12 PM EST) or Indian River MLS (last updated Wed 03/04/2026 11:30:24 PM EST) or Daytona MLS (last updated Wed 03/04/2026 11:36:48 PM EST) or Northeast Florida MLS (last updated Wed 03/04/2026 11:58:41 PM EST) or Beaches MLS (last updated Wed 03/04/2026 11:55:59 PM EST) or BORMLS (last updated Wed 03/04/2026 11:15:45 PM EST) or Golden Isles MLS (last updated Wed 03/04/2026 11:26:34 PM EST) or Amelia/Nassau MLS (last updated Wed 03/04/2026 11:25:17 PM EST) or Dixie Gilchrist Levy MLS (last updated Wed 03/04/2026 11:42:25 PM EST). Real estate listings held by brokerage firms other than Watson Realty Corp., REALTORS ® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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