NOT LISTED FOR SALE

Estimated Value: $8,275,000

8 Beds
15 Baths
18,300 Sq Ft
$452/Sq Ft Est. Value

Last Sold February 01, 2017

Last sale price $49,000,000 $2,678 Per Sq Ft

Current estimated payment $54,108/month

332 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • Heated Pool
  • Palm Beach Public School Rated A-
  • Newly Remodeled
  • Sauna

About This Home

As of February 2017

This new construction British Colonial oceanfront estate, due to be complete in 2016, is situated on approximately 3.49 acres with 142 feet of ocean frontage. The elegant residence, designed by Smith and Moore Architects, offers 28,500 +/- total SQ.FT of luxurious living space and spectacular ocean views. Combined the main house, guest house & cabana have 8 bedrooms, 12 full baths & 3 1/2 baths. Other features include: wine cellar, movie theater, gym, sauna, steam room, elevator, full house generator, walk-in refrigerator and freezer, 4 fireplaces, 6-car garage and much more.

Last Agent to Sell the Property

Cris Condon

Sotheby's Intl. Realty, Inc. License #392210 Listed on: 02/04/2016

Sotheby's Intl. Realty, Inc.

Last Buyer's Agent

Christian Angle

Christian Angle Real Estate License #703536

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $242,502

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • Ocean Front
  • Property is zoned RA

Parking

  • 6 Car Attached Garage
  • Driveway

Home Design

  • Concrete Roof

Interior Spaces

  • 18,300 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Built-In Features
  • Bar
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Sauna
  • Ocean Views
  • Attic

Kitchen

  • Breakfast Area or Nook
  • <<builtInOvenToken>>
  • Gas Range
  • <<microwave>>
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Gate
  • Impact Glass
  • Fire and Smoke Detector

Outdoor Features

  • Heated Pool
  • Patio

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Community Details

  • Boca Ratone Colet Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434234020000010

Home Details

Home Type

Single Family

Est. Annual Taxes

$242,502

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Parking

6

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: PB Island North on Ocean.
  • Year Built: 2016
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Breakfast Area, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Elevator, French Door(s)/Atrium Door(s), Fireplace, Pantry, Bar, Walk-In Closet(s), Attic
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 12
  • Half Bathrooms: 3
  • Total Bedrooms: 8
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Marble, Other, Wood
  • Living Area: 18300.0
  • Dining Room Type: Attic, Den, Family Room, In-Law Suite, Media Room, Sauna, Storage Room
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Patio
  • View: Ocean
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 6.0
  • Attached Garage: Yes
  • Garage Spaces: 6.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System, Security Gate, Smoke Detector(s)
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434234020000010
  • Zoning Description: RA

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 242502.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2022
Sold by
Indian Road Land Trust
Bought by
Rabil Albert and Rabil Tamara
Current Estimated Value
$8,275,000

Purchase Details

Listed on
Feb 4, 2016
Closed on
Jan 24, 2017
Sold by
101 Invian Road Kllc
Bought by
Resnick Michae3l and The Indian Raod Lant Trust
Seller's Agent
Cris Condon
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$55,000,000
Sold Price
$49,000,000
Premium/Discount to List
-$6,000,000
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-18.68%
Original Mortgage
$4,900,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 4, 2016
Closed on
Jan 1, 2017
Bought by
Indian Road Land Trust
Seller's Agent
Cris Condon
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$55,000,000
Sold Price
$49,000,000
Premium/Discount to List
-$6,000,000
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,900,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 17, 2011
Closed on
Jun 14, 2012
Sold by
Rich Robert E
Bought by
101 Indian Road Llc
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
List Price
$14,350,000
Sold Price
$14,350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.30%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rabil Albert -- --
Resnick Michae3l $49,000,000 None Available
Indian Road Land Trust $49,000,000 --
101 Indian Road Llc $143,500 Attorney
101 Indian Road Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rabil Albert $26,888,000
Previous Owner Resnick Michae3l $4,900,000
Previous Owner Resnick Michae3l $29,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2017 02/01/17 Sold $49,000,000 -10.9% $2,678 / Sq Ft
01/02/2017 01/02/17 Pending -- -- --
02/04/2016 02/04/16 For Sale $55,000,000 +283.3% $3,005 / Sq Ft
06/15/2012 06/15/12 Sold $14,350,000 0.0% $2,993 / Sq Ft
04/26/2012 04/26/12 Pending -- -- --
03/17/2011 03/17/11 For Sale $14,350,000 -- $2,993 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $652,315 $43,879,944 -- --
2023 $639,344 $42,601,362 $0 $0
2022 $640,642 $41,360,546 $0 $0
2021 $651,250 $40,155,870 $0 $0
2020 $658,455 $39,601,450 $22,660,000 $16,941,450
2019 $695,959 $41,005,244 $22,000,000 $19,005,244
2018 $702,627 $42,787,615 $21,660,000 $21,127,615
2017 $634,852 $39,409,841 $18,050,000 $21,359,841
2016 $238,855 $13,886,854 $0 $0
2015 $242,502 $13,283,078 $0 $0
2014 $219,121 $12,075,525 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10205097

BeachesMLS

APN: 50-43-42-34-02-000-0010