$1,600,000
SOLD JAN 16, 2015

1026 N Atlantic Dr Lantana, FL 33462

4 Beds
4 Baths
3,858 Sq Ft
0.32 Acres

Recently Sold

$415 Per Sq Ft

20% Below List Price

439 Days on Market

Highlights

  • Boat Ramp
  • Newly Remodeled
  • Roman Tub
  • Property fronts an intracoastal waterway
  • Gunite Pool
  • Marble Flooring

About This Home

As of August 2021

Gorgeous Island Estate re-built in 2005 offers ultimate waterfront enjoyment. This prestigious Hypoluxo Island 4,485-square foot estate on a large waterfront lot, offers a rare opportunity to enjoy the sought-after casual lifestyle. A brick drive brings one to an intimate covered garden entry of this delightful Island home with four bedrooms and four bathrooms. The foyer leads into the light-filled great room that flows into a semi-circular dining room with two story windows that offer views of the landscaped gardens, patios, pool, spa and dock. These rooms feature soaring coffered and custom wood ceilings marble floors and finely crafted moldings. Off the main entry are two attractive and very private guest bedroom suites.

Last Agent to Sell the Property

Jack Elkins

William Raveis Real Estate License #3226762 Listed on: 10/03/2013

Co-Listed By

Erin Hiatt

William Raveis Real Estate License #616198

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,481

Year Built

  • Built in 1964 | Newly Remodeled

Lot Details

  • Property fronts an intracoastal waterway
  • Property is zoned RC

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 3,858 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Bar
  • High Ceiling
  • Fireplace
  • Blinds
  • Entrance Foyer
  • Family Room
  • Open Floorplan
  • Den
  • Intracoastal Views

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • 4 Full Bathrooms
  • Roman Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Outdoor Features

  • Gunite Pool
  • Patio

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 40434434110000380

Community Details

Overview

  • Hypoluxo Island Subdivision

Recreation

  • Boat Ramp
  • Boating

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,481

Year Built

Built in 1964 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: A1A to Ocean Avenue, West to 1st light, right on N Atlantic Drive.
  • Year Built: 1964
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: 4098

Interior Features

  • Interior Amenities: Closet Cabinetry, Entrance Foyer, Family/Dining Room, Fireplace, Garden Tub/Roman Tub, High Ceilings, Living/Dining Room, Pantry, Split Bedrooms, Bar, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Gas Range, Microwave, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Carpet, Marble
  • Living Area: 3858.0
  • Dining Room Type: Den, Family Room, Laundry
  • Stories: 1
  • Window Features: Blinds, Impact Glass

Exterior Features

  • Exterior Features: Patio
  • View: Intercoastal
  • Lot Features: < 1/4 Acre
  • Pool Features: Gunite, Heated, Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: New Construction

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer, Septic Tank
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Facilities, Sidewalks
  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 40434434110000380
  • Zoning Description: RC

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 26481.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
Aug 16, 2021
Sold by
Malagon Timothy Steven Lee and 1993 Timothy S L Malagon Trust
Bought by
Fain Stuart M and Boneta Martha
Seller's Agent
Mike Hilghman
Florida Premier Realty of the Palm Beaches LLC
Buyer's Agent
Simon Isaacs
Simon Isaacs Real Estate LLC
List Price
$2,300,000
Sold Price
$2,350,000
Premium/Discount to List
$50,000
2.17%
Current Estimated Value
$3,666,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,316,394
Avg. Annual Appreciation
11.98%

Purchase Details

Listed on
Oct 3, 2013
Closed on
Jan 12, 2015
Sold by
Ganek Jeffrey P and Wright William J
Bought by
Malagon Timothy Steven Lee
Seller's Agent
Jack Elkins
William Raveis Real Estate
List Price
$1,995,000
Sold Price
$1,600,000
Premium/Discount to List
-$395,000
-19.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%

Purchase Details

Closed on
Dec 20, 2004
Sold by
Lynn Joe
Bought by
Ganek Jeffrey P and Wright William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,251,250
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 2001
Sold by
Diane M Balsara I
Bought by
Lynn Joseph S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
7.1%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,242,900 Title Pros Of Florida Llc
Warranty Deed $1,600,000 Attorney
Warranty Deed $1,925,000 --
Warranty Deed $600,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 Credit Line Revolving
Previous Owner $1,251,250 Purchase Money Mortgage
Previous Owner $150,000 Credit Line Revolving
Previous Owner $420,000 New Conventional
Closed $288,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2021 08/16/21 Sold $2,350,000 +2.2% $609 / Sq Ft
07/17/2021 07/17/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $2,300,000 +43.8% $596 / Sq Ft
01/16/2015 01/16/15 Sold $1,600,000 0.0% $415 / Sq Ft
01/13/2015 01/13/15 Sold $1,600,000 0.0% $415 / Sq Ft
12/31/2014 12/31/14 Pending -- -- --
12/17/2014 12/17/14 Pending -- -- --
12/02/2014 12/02/14 For Sale $1,600,000 -19.8% $415 / Sq Ft
10/03/2013 10/03/13 For Sale $1,995,000 -- $517 / 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 $61,087 $2,954,255 -- --
2023 $54,250 $2,685,686 $0 $0
2022 $49,412 $2,441,533 $0 $0
2021 $32,584 $1,613,774 $0 $0
2020 $32,481 $1,591,493 $0 $0
2019 $32,065 $1,555,712 $0 $0
2018 $30,633 $1,526,705 $654,316 $872,389
2017 $32,632 $1,565,641 $688,754 $876,887
2016 $31,689 $1,503,873 $0 $0
2015 $30,241 $1,379,400 $0 $0
2014 $27,588 $1,254,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R9982525

BeachesMLS

APN: 40-43-44-34-11-000-0380