Updated lakeside estate next door to Sylvester Stallone’s Palm Beach home lists at $95M

The house at 1460 N. Lake Way, which last sold for $21 million in 2018, has undergone a “complete overhaul and multi-year reimagination,” according to the sales description that entered the multiple listing service Oct. 4.

With 165 feet of waterfront, the property measures about three-quarters of an acre just south of the point where the land bulges slightly to the west on its approach to the inlet at the tip of the island.

The six-bedroom house was designed with architecture that recalls a West Indies-style plantation house, thanks to its broad lakeside loggia, wide verandas and two-story columns. The house has 15,954 square feet of living space, inside and out.

The estate is the most expensive property being marketed in the “active” listings of the local multiple listing service.

Agent Margit Brandt of Premier Estate Properties holds the listing.

The house was built as a custom home in 2005 by former Palm Beach Town Council President David Rosow and his wife, Jeanne, who sold it 10 years later to Pamela W. Starret, according to the deed recorded at the time.

With a mailing address in Toronto, Starret in 2021 transferred the property’s ownership using an internal deed to a Florida limited liability company named after the property’s address, courthouse records show. That company, with the same Toronto mailing address, is managed by Palm Beach real estate attorney Guy Rabideau, business records show.

Rabideau and Starret could not immediately be reached. 

Brandt told the Palm Beach Daily News the estate is an unusual lakefront find in Palm Beach.

“It is a rarity for a home of this significance to even become available along the Palm Beach island waterfront,” Brandt said. “For perspective, there are only about 25 houses north of Worth Avenue which have direct water frontage to the Intracoastal, without the Lake Trail (walking-and-bicycling path) as a barrier between the house and the water.”

The property has a new deepwater dock “ready to accommodate a large vessel,” the sales listing says. The estate’s location provides unimpeded access to the inlet at the northern tip of the island.

The property also has a 75-foot lakefront swimming pool and a cabana designed for entertaining, the listing says.

When the Rosows owned the house, one of their favorite spots was the rear loggia, which affords views of the pool, the dock and the lake, David Rosow told the Palm Beach Daily News in 2017. They enjoyed watching yachts sail to and from what is today the Safe Harbor Rybovich marina on the opposite side of the Intracoastal Waterway as well as ships travel in and out of the Port of Palm Beach.

“Jeanne and I spend countless hours out there reading and relaxing,” Rosow said at the time. “The activity (on the water) is amazing, and it’s a great place to enjoy the outside.”

The house was designed so that a person entering the front door can look straight through the reception area and out to the lakefront through glass doors in the the living room.

Among the house’s features are contemporary-style interiors with high ceilings. The layout offers two primary bedroom suites, a walk-in wine room with storage for 1,400 bottles, a bar room, a movie theater and a gym. Other amenities include a smart-home automation system and a whole-house generator. The attached guest apartment has its own entrance.