NOT LISTED FOR SALE

1013 N Atlantic Dr Lantana, FL 33462

Estimated Value: $3,750,316 - $4,523,000

5 Beds
5 Baths
4,391 Sq Ft
$950/Sq Ft Est. Value

Last Sold February 24, 2017

Last sale price $1,875,000 $427 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $24,839/month

139 Days on Market

Highlights

  • Property has ocean access
  • Home fronts a seawall
  • Wood Flooring
  • Dock has access to electricity and water
  • Outdoor Pool
  • Lanai

About This Home

As of February 2017

This Home on prestigious Hypoluxo Island is a boater’s paradise. This beautifully renovated 4,300 sq.ft. home with 5 bedrooms and 5.5 baths is situated on the on the widest area of the Intracoastal Waterway. It includes a deep water dock that can accommodate your powerboat or sailing yacht up to 90' in length and offers nearby ocean access. From the moment you approach the brick paved curved drive you'll be impressed by the gorgeous climbing Bougainvillea that adorns the front entryway, and once inside you'll love the open floor plan, volume ceilings and wooden floors throughout. For the gourmet cook, there's the recently renovated custom tiled eat-in kitchen that opens seamlessly to the living room with bar as well as to the formal dining room.

Both rooms offer fabulous views of the Intracoastal Waterway.
The spacious master bedroom has a walk-in closet, large sliding glass doors to provide wonderful natural light, and open to a covered balcony with spectacular views of the patio, pool, and Intracoastal Waterway. The master bath has marble countertops, dual sinks, custom wooden cabinetry and a soothing walk-in sauna for relaxing after a perfect day on the water.
You'll love entertaining your family and friends as you relax and enjoy the fabulous outdoors from your private awning-covered patio with a custom Tiki Hut, outdoor kitchen with built-in grill, all part of your waterfront backyard with its two waterfalls and gorgeous pool. To make it perfect, the property is located in a quiet, no wake zone.

This upscale neighborhood of premier homes is close to the beach and to the acclaimed Eau Palm Beach. Hypoluxo Island is a lush tropical retreat located approximately 15 minutes south of the Town of Palm Beach, noted for its world renowned shopping, and is just north of trendy Delray Beach, with its superb restaurants and exciting night life.

Last Agent to Sell the Property

Steven Presson

The Corcoran Group License #3135349 Listed on: 08/17/2016

The Corcoran Group

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,712

Year Built

  • Built in 1957

Lot Details

  • 0.25 Acre Lot
  • Home fronts a seawall
  • Property fronts an intracoastal waterway
  • East Facing Home

Parking

  • 2 Car Attached Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,391 Sq Ft Home
  • 2-Story Property
  • Sliding Windows

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Bulkhead
  • Dock has access to electricity and water
  • Balcony
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 40434434110000170

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,712

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.25
  • Lot Size: 140
  • Subdivision Name: N/A
  • Directions: I-95 to Lantana exit - east to US 1, right to Ocean Avenue to North Atlantic
  • Architectural Style: Two Story, Other Style
  • Garage Yn: Yes
  • Year Built: 1957
  • Location Tax Legal:Zoned: SFR
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 22711.73
  • Location Tax Legal:Tax Year2: 2015
  • General Property Description:Living Area: 4391.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 140
  • Floors:Hardwood: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Sliding: Yes
  • General Property Description:Lot SqFt: 10890
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:East: Yes
  • Dock:Electric at Dock: Yes
  • Dock:Other Materials2: Yes
  • Waterfront:Intracoastal-Direct: Yes
  • Dock:Water at Dock: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Hardwood, Tile
  • Living Area: 4391.0
  • Window Features: Sliding
  • Appliances Dishwasher: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal-Direct
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony, Patio/Lanai, Ocean Access-No Deed, Seawall/Bulkhead
  • Roof: Other
  • Exterior Features:Balcony: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:SeawallBulkhead2: Yes
  • Exterior Features:Ocean Access-No Deed: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached
  • Garage: Yes
  • Garage:_two_ Car: Yes

Utilities

  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 40434434110000170
  • Zoning: SFR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 22711.73
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2016
Closed on
Feb 15, 2017
Sold by
Fichman Richard A and Fichmanfichman Lynn R
Bought by
Koch John Robert and Koch Susan S
Seller's Agent
Steven Presson
The Corcoran Group
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$1,875,000
Sold Price
$1,875,000
Current Estimated Value
$4,173,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,298,579
Avg. Annual Appreciation
10.11%
Original Mortgage
$875,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2011
Sold by
Marks Darren M and Marks Sarah
Bought by
Fichman Richard A and Fichman Lynn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,500
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 15, 2004
Sold by
Adonailo David T
Bought by
Marks Darren M and Marks Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,300
Interest Rate
1.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 2004
Sold by
Levine Felice and Adonailo Felice
Bought by
Adonailo David T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2001
Sold by
Sven Tumba M and Mona Tumba M
Bought by
Adonailo David T and Adonailo Felice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 1993
Sold by
Tumba Sven and Tumba Mona
Bought by
Tumba Mona and Tumba Sven
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
Koch John Robert $1,875,000 Attorney
Fichman Richard A $795,000 Multiple
Marks Darren M $1,104,500 --
Adonailo David T -- --
Adonailo David T $860,300 --
Tumba Mona -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koch John Robert $847,000
Closed Koch John Robert $875,000
Previous Owner Fichman Richard A $556,500
Previous Owner Marks Darren M $100,000
Previous Owner Marks Darren M $828,300
Previous Owner Adonailo David T $325,000
Previous Owner Tumba Sven $425,000
Previous Owner Tumba Sven $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2017 02/24/17 Sold $1,875,000 0.0% $427 / Sq Ft
02/24/2017 02/24/17 Sold $1,875,000 0.0% $427 / Sq Ft
01/25/2017 01/25/17 Pending -- -- --
01/03/2017 01/03/17 Pending -- -- --
08/17/2016 08/17/16 For Sale $1,875,000 -14.6% $427 / Sq Ft
08/01/2016 08/01/16 For Sale $2,195,000 0.0% $500 / Sq Ft
05/13/2014 05/13/14 Rented $8,500 -12.8% --
04/13/2014 04/13/14 Under Contract -- -- --
03/07/2014 03/07/14 For Rent $9,750 +30.0% --
07/31/2013 07/31/13 Rented $7,500 -11.8% --
07/01/2013 07/01/13 Under Contract -- -- --
04/18/2013 04/18/13 For Rent $8,500 -- --
Source: Palm Beach Board of REALTORS®

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 $31,225 $1,614,665 -- --
2023 $30,439 $1,567,636 $0 $0
2022 $30,174 $1,521,977 $0 $0
2021 $29,823 $1,477,648 $0 $0
2020 $29,734 $1,457,247 $0 $0
2019 $29,353 $1,424,484 $1,100,000 $324,484
2018 $29,506 $1,470,674 $0 $0
2017 $26,606 $1,361,218 $1,147,922 $213,296
2016 $24,651 $1,113,937 $0 $0
2015 $22,712 $1,012,670 $0 $0
2014 $20,406 $920,609 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 16-1737

APN: 40-43-44-34-11-000-0170