NOT LISTED FOR SALE

1023 Russell Dr Unit 1,2,3 Highland Beach, FL 33487

Estimated Value: $1,332,340 - $3,214,000

0.25 Acre
$7,913,408 Price per Acre
11,000 Sq Ft Lot

Last Sold August 15, 2022

Last sale price $2,750,000

Est. 27% decrease in value since last sale

Current estimated payment $12,390/month

228 Days on Market

Highlights

  • Beach Front
  • Property has ocean access
  • Intracoastal View
  • Boca Raton Community Middle School Rated A-

About This Lot

As of August 2022

Wow! Gorgeous triplex on 100' of deep waterfrontage in Highland Beach, FL! This impeccable multi-family investment property offers an amazing place to live for you as you collect revenue from tenants of your choice. Sited on an extra wide 150' canal out back that looks clearly at the Intracoastal so boating & views are abundantly appreciated! This Triplex consists of three condominium units offered together so the opportunities are many. Live and collect rent from tenants on the dock space and the other two 2 bedrooms units above or rent it all. Single larger ground floor unit and 2car garage below...See mor

Last Agent to Sell the Property

David Gunther

Atlantic Waterfront Properties License #3285299 Listed on: 11/29/2021

Co-Listed By

Geoff Braboy

Compass Florida LLC License #3281634

Last Buyer's Agent

David Gunther

Atlantic Waterfront Properties License #3285299 Listed on: 11/29/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $17,950

Lot Details

  • 0.25 Acre Lot
  • Beach Front
  • Home fronts navigable water
  • Property fronts an intracoastal waterway
  • Site Plan Filed
  • Property is zoned 0400

Property Views

  • Intracoastal
  • Canal
  • Pool

Location

  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 24434704410000010

Community Details

Overview

  • Beachside Condo Subdivision

Recreation

  • Property has ocean access
  • No Fixed Bridges
  • Canal Access
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$17,950

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Business
  • Property Sub Type Additional: Commercial
  • Directions: A1A from Linton south or Spanish River north to Russell Drive than west to th property on the right.
  • Special Features: VirtualTour

Exterior Features

  • View: Canal, Intercoastal, Pool
  • Lot Features: Beach Front, City Lot, < 1/4 Acre
  • View: Yes
  • Waterfront Features: Canal Access, Intracoastal Access, Navigable Water, No Fixed Bridges, Ocean Access, Seawall
  • Waterfront: Yes

Lot Info

  • Parcel #: 24434704410000010
  • Development Status: Site Plan Filed
  • Lot Size: 100
  • Lot Size Sq Ft: 11000.0
  • Zoning Description: 0400
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 17950.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2024
Sold by
Hb 1023 Llc
Bought by
Wild Oak Farmstead Llc
Current Estimated Value
$1,998,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,030,000
Outstanding Balance
$348,562
Interest Rate
7.22%
Mortgage Type
Construction
Estimated Equity
$1,745,441

Purchase Details

Listed on
Nov 29, 2021
Closed on
Aug 15, 2022
Sold by
Goldberg Family Declaration Of Trust
Bought by
Hb 1023 Llc
Seller's Agent
David Gunther
Atlantic Waterfront Properties
Buyer's Agent
David Gunther
Atlantic Waterfront Properties
List Price
$2,750,000
Sold Price
$2,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.91%
Original Mortgage
$3,000,000
Interest Rate
5.3%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 4, 2019
Sold by
Goldberg David and Goldberg Jaye
Bought by
Goldberg David C and Goldberg Jaye M

Purchase Details

Closed on
Nov 29, 1995
Sold by
Edward B Houck Tr and Evelyn E Houck Tr
Bought by
Goldberg David C and Goldberg Jaye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,600
Interest Rate
7.31%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wild Oak Farmstead Llc $3,200,000 Rtc Title
Hb 1023 Llc $2,750,000 Susan J Brotman Pa
Goldberg David C -- Attorney
Goldberg David C $227,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wild Oak Farmstead Llc $2,030,000
Previous Owner Hb 1023 Llc $3,000,000
Previous Owner Goldberg David C $480,000
Previous Owner Goldberg David C $480,000
Previous Owner Goldberg David C $107,680
Previous Owner Goldberg David C $142,500
Previous Owner Goldberg David C $302,000
Previous Owner Goldberg David C $300,000
Previous Owner Goldberg David C $75,000
Previous Owner Goldberg David C $181,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2022 08/15/22 Sold $2,750,000 0.0% --
07/16/2022 07/16/22 Pending -- -- --
11/29/2021 11/29/21 For Sale $2,750,000 -- --
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 $16,251 $1,018,600 -- --
2023 $14,909 $926,000 $0 $926,000
2022 $3,949 $282,125 $0 $0
2021 $3,943 $273,908 $0 $0
2020 $3,955 $270,126 $0 $0
2019 $3,958 $264,053 $0 $0
2018 $3,670 $259,130 $0 $0
2017 $3,762 $253,800 $0 $0
2016 $3,683 $248,580 $0 $0
2015 $3,963 $246,852 $0 $0
2014 $4,067 $244,893 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Gunther

    Seller's Agent in 2022

    David Gunther

    Atlantic Waterfront Properties

    (954) 651-4789

    8 in this area

    106 Total Sales

    David Gunther
    Section Image
  • Geoff Braboy

    Seller Co-Listing Agent in 2022

    Geoff Braboy

    Compass Florida LLC

    (561) 699-3455

    11 in this area

    139 Total Sales

    Geoff Braboy
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10761623

BeachesMLS

APN: 24-43-47-04-41-000-0010

Florida Palm Beach County Highland Beach 33487

1023 Russell Dr Unit 1,2,3, Highland Beach, FL

This home is located at 1023 Russell Dr Unit 1,2,3, Highland Beach, FL 33487 since 29 November 2021 and is currently estimated at $1,998,335. 1023 Russell Dr Unit 1,2,3 is a home located in Palm Beach County with nearby schools including J. C. Mitchell Elementary School, Boca Raton Community Middle School, and Boca Raton Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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