A classic Palm Beach estate on the Intracoastal Waterway is on the market for the first time in more than 30 years, listed by Chris Leavitt, director of luxury sales for Douglas Elliman in South Florida.
Priced at $15.5 million, the two-story, traditional home at 377 North Lake Way features five bedrooms and six-and-a-half bathrooms amid 6,400 square feet of space. Situated on nearly half an acre, the home offers deep water dockage for a 60-foot yacht, said Leavitt, who stars in Bravo’s “Million Dollar Listing Miami.”
Among the home’s key selling points is its “prime location,” within walking distance to town, Leavitt said.
“You have the privacy and exclusivity of being on the Intracoastal, on the water, yet you’re very close to town,” he said.
Built in 1941, the home was purchased for $1.4 million in 1984 by its current owner, Alan L. Shulman, according to Palm Beach County property records. The house was expanded in 1995 to take advantage of the views from a massive, 35-foot by 27-foot living room, and a master bedroom suite with two full baths and a sitting room.
Additional features include a heated pool, built-in gas grill, three-car garage, motor court, fireplace and gourmet kitchen with double stainless steel appliances.
“You can put your own stamp on it,” said Leavitt, whose primary home is in Palm Beach, “or you can tear it down and build your own dream home.”