NOT LISTED FOR SALE

1030 S Ocean Blvd Palm Beach, FL 33480

Estimated Value: $3,609,000 - $61,159,504

8 Beds
13 Baths
14,017 Sq Ft
$2,310/Sq Ft Est. Value

Last Sold April 04, 2022

Last sale price $48,500,000 $3,460 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $221,856/month

59 Days on Market

Highlights

  • 155 Feet of Waterfront
  • Ocean View
  • Fitness Center
  • Palm Beach Public School Rated A-
  • Property has ocean access
  • New Construction

About This Home

As of April 2022

Newly Completed, Neoclassic home in the coveted ''Estate Section'' on Palm Beach Island. This 14,000+ SF, 8 bedroom, 13 bath home features a chef's gourmet kitchen, library, media room, heated pool w/ spa and cabana room. The basement includes a custom wine cellar, game room, home gym w/ steam shower, and highly advanced media/theater room. The sprawling owner's suite features a large terrace with ocean views, dual custom walk-in closets with dressing areas, separate Roman tub, and steam shower. The home sits at the highest elevation with gorgeous spanning views of the Atlantic Ocean and deeded beach access across the street. Offered furnished as seen excluding artwork. Artwork can be purchased in separate agreement.

Last Agent to Sell the Property

Chris Deitz

Compass Florida LLC License #631706 Listed on: 01/04/2022

Compass Florida LLC

Co-Listed By

B. DUERR

Compass Florida LLC License #3117391

Last Buyer's Agent

Christian Angle

Christian Angle Real Estate License #703536

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $109,318

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.58 Acre Lot
  • 155 Feet of Waterfront
  • Ocean Front
  • Fenced
  • Sprinkler System
  • Property is zoned RA

Parking

  • 3 Car Attached Garage
  • Garage Apartment
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Ocean
  • Pool

Home Design

  • Concrete Roof

Interior Spaces

  • 14,017 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Custom Mirrors
  • Bar
  • High Ceiling
  • Ceiling Fan
  • Decorative Fireplace
  • Double Hung Metal Windows
  • Arched Windows
  • Sliding Windows
  • Wood Frame Window
  • French Doors
  • Entrance Foyer
  • Great Room
  • Family Room
  • Formal Dining Room
  • Open Floorplan
  • Den
  • Recreation Room
  • Sun or Florida Room
  • Sauna
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Closet Cabinetry
  • Bidet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Security Lights
  • Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Saltwater Pool
  • Property has ocean access
  • Balcony
  • Open Patio
  • Outdoor Grill
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434335000020220

Community Details

Amenities

  • Sauna
  • Game Room
  • Community Library
  • Bike Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$109,318

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: SOUTHERN BLVD EAST TO SOUTH OCEAN BLVD NORTH TO 1030
  • Year Built: 2021
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Wet Bar, Breakfast Bar, Bidet, Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Eat-in Kitchen, Elevator, Family/Dining Room, French Door(s)/Atrium Door(s), Fireplace, High Ceilings, Kitchen/Dining Combo, Living/Dining Room, Custom Mirrors, Pantry, Separate Shower, Bar
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 10
  • Half Bathrooms: 3
  • Total Bedrooms: 8
  • Door Features: French Doors
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Marble, Other, Wood
  • Living Area: 14017.0
  • Dining Room Type: Attic, Den, Family Room, Garage Apartment, Great Room, Recreation, Sauna, Storage Room, Dining Room, Florida Room
  • Stories: 3
  • Window Features: Arched, Double Hung, Drapes, Impact Glass, Sliding, Wood Frames

Exterior Features

  • Exterior Features: Balcony, Fence, Outdoor Grill, Porch, Patio
  • View: Ocean, Pool
  • Road Frontage Type: Waterfront
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Pool, Salt Water, Association, Community
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Other Structures: Garage Apartment
  • Patio And Porch Features: Balcony, Open, Patio, Porch
  • Property Condition: New Construction
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System, Security Lights, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Game Room, Non-Gated, Pool, Sauna, Sidewalks
  • Senior Community: No
  • Amenities: Bike Storage, Fitness Center, Library, Pool, Sauna, Spa/Hot Tub, Trail(s)
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434335000020220
  • Lot Size: 1/2 to < 1 Acre
  • Lot Size Sq Ft: 25378.0
  • Zoning Description: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 109318.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2023
Sold by
1030 South Ocean Trust
Bought by
Semsem Fl Llc
Current Estimated Value
$32,384,252

Purchase Details

Closed on
Jun 7, 2018
Sold by
Porreca Vanessa
Bought by
1030Socean Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,500,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 16, 2001
Sold by
Nicholas Porreca M and Nicholas Porreca M
Bought by
Porreca Vanessa
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
Semsem Fl Llc -- --
Semsem Fl Llc -- None Listed On Document
1030Socean Llc $7,600,000 None Available
Porreca Vanessa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1030Socean Llc $11,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2022 04/04/22 Sold $48,500,000 -7.6% $3,460 / Sq Ft
03/05/2022 03/05/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $52,500,000 -- $3,745 / 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 $624,184 $41,861,166 -- --
2023 $587,828 $39,052,477 $18,046,182 $21,006,295
2022 $324,700 $18,328,514 $0 $0
2021 $108,592 $6,600,000 $6,600,000 $0
2020 $108,367 $6,480,000 $6,480,000 $0
2019 $107,604 $6,300,000 $6,300,000 $0
2018 $75,564 $4,573,917 $0 $0
2017 $75,595 $4,479,840 $0 $0
2016 $74,956 $4,387,698 $0 $0
2015 $77,521 $4,357,198 $0 $0
2014 $77,895 $4,322,617 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Deitz

    Seller's Agent in 2022

    Chris Deitz

    Compass Florida LLC

    (561) 655-6570

    19 Total Sales

    Chris Deitz
    Section Image
  • B. DUERR

    Seller Co-Listing Agent in 2022

    B. DUERR

    Compass Florida LLC

    (305) 962-1876

    72 Total Sales

    B. DUERR
    Section Image
  • Christian Angle

    Buyer's Agent in 2022

    Christian Angle

    Christian Angle Real Estate

    (561) 629-3015

    202 Total Sales

    Christian Angle
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10767787

BeachesMLS

APN: 50-43-43-35-00-002-0220

Florida Palm Beach County Palm Beach 33480

1030 S Ocean Blvd, Palm Beach, FL

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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