A freshly overhauled lakefront home at 1246 N. Lake Way on Palm Beach's North End has changed hands for about $31 million, capping a long run on the market with a very tidy payday for its developer-owners. Reworked from top to bottom by developer Mosie Miller and his wife Michelle, the property lingered for more than a year after an extensive remodel before finally landing a buyer. With roughly 75 feet of Intracoastal frontage and a deepwater dock, the deal ranks among the pricier island sales this season.
The deed, recorded April 29, pegs the sale price at $30,822,532 and identifies the buyer as a land trust named for the property's address, according to Palm Beach Daily News. That report notes that West Palm Beach attorney Bradley McPherson of Gunster is listed as the trust's trustee. He declined to comment to reporters, keeping the ultimate owner under wraps.
Size, design and waterfront
Realtor.com records the house as a five-bedroom, seven-bath home built in 1962, with an interior of about 4,649 square feet. MLS data put the lot at roughly 0.3 acres. Deal reports and broker materials cite a total built area of about 6,856 square feet when covered loggias and patios are included, a figure some brokers use to capture the property's extensive outdoor living space.
The renovation reshaped the exterior into a cleaner Bermudian style and left the home with multiple outdoor loggias, a front-yard pool and that deepwater dock on the Intracoastal. Marketing materials highlighted the way the layout spills out to the terraces and water, underlining that the remodel was as much about lifestyle as it was about square footage.
Who listed and who bought
Miller and his wife bought the house in 2023 for roughly $21.6 million before carrying out the overhaul and putting it back on the market, according to coverage in The Real Deal. Christian Angle of Christian Angle Real Estate held the listing, while Margit Brandt of Premier Estate Properties is listed in deal filings as representing the buyer. Both brokers are named in public reports and local coverage of the transaction.
What it means for the Palm Beach market
The closing lands in the middle of a brisk spring for Palm Beach luxury real estate, where turnkey waterfront and lakefront homes continue to command premium prices from buyers who want privacy, views and minimal renovation headaches. The South Florida Business Journal ran a 31-photo slideshow of the renovated house, using images supplied by the listing brokerage, underscoring how the expanded footprint, outdoor living areas and reworked façade became the main selling points in the property's marketing campaign.
