A home along the Intracoastal Waterway in Palm Beach appears likely to be torn down after it sold for $23 million.
Rebecca Dixon Dean , of St. Augustine, sold the 2,190-square-foot home at 1265 N. Lake Way to 1265 North Lake Way LLC, managed by local attorney Maura Ziska . It’s not clear who truly owns the LLC. Alexis Waller and Ann Summers of Brown Harris Stevens represented the seller in the deal, while Lawrence Moens of Lawrence A. Moens Associates worked with the buyer.
The home was built on the 0.44-acre site in 1957. It has been owned by the Dixon family for over 45 years.
The brokers’ listing advertised the size of the lot, but didn’t mention the features of the home. That’s a strong indication this was being marketed as an opportunity to tear down the existing home and build a larger mansion. The brokers said it was priced for the land value and comes with a deep-water dock that is perfect for boaters.
There’s strong demand from wealthy people to move to Palm Beach, and relatively few homes for sale on the water, so buyers are willing to pay large sums for waterfront property.
