$2,500,000
SOLD JUL 22, 2025

1040 Ocean Terrace Delray Beach, FL 33483

4 Beds
3 Baths
2,741 Sq Ft
$20/mo HOA Fee

Recently Sold

$912 Per Sq Ft

7% Below List Price

26 Days on Market

Highlights

  • In Ground Spa
  • Marble Flooring
  • Pool View
  • Roman Tub
  • High Ceiling
  • Great Room

About This Home

As of July 2025

Discover the Charm and Sophistication of This Boutique Beach Area Townhome.Experience the perfect blend of casual elegance and coastal charm in this meticulously designed townhome, featuring a newly renovated private pool and spa. Nestled on a tranquil residential street with no through traffic, this home offers an ideal retreat.Key Features:3 Bedrooms + Den | 3 Baths | 1-Car GarageClassic Chicago Brick driveway adds timeless curb appeal.Inspired by British West Indies architecture, with stunning marble and wood flooring throughout.Gourmet kitchen with Corian countertops, designer cabinetry, and a spacious center island.Expansive great room with floor-to-ceiling windows, offering abundant natural light and southern exposure.

Last Agent to Sell the Property

Thomas Reutter

Reutter Investments Inc. License #568777 Listed on: 04/18/2025

Last Buyer's Agent

Scott Pressman

The Keyes Company License #3131178

The Keyes Company

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $26,506

Year Built

  • Built in 1997

Lot Details

  • 4,169 Sq Ft Lot
  • Sprinkler System

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Metal Roof

Interior Spaces

  • 2,741 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Awning
  • Great Room
  • Pool Views
  • Home Security System
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Roman Tub
  • Separate Shower in Primary Bathroom

Outdoor Features

  • In Ground Spa
  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 12434616d80000030
  • Seller Considering Concessions

Community Details

Overview

  • 4 Units
  • Gleason Street Townhomes Subdivision

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$26,506

Year Built

Built in 1997

Lot Details

0

HOA Fees

$20 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Property Sub Type Additional: Condominium,Townhouse
  • Directions: Atlantic Avenue to Ocean Blvd, go south to Ocean Terrace
  • Year Built: 1997
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Garden Tub/Roman Tub, High Ceilings, Separate Shower
  • Private Spa: Yes
  • Furnished: Unfurnished
  • Spa Features: In Ground
  • Appliances: Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble, Wood
  • Living Area: 2741.0
  • Dining Room Type: Great Room
  • Stories: 2

Exterior Features

  • Exterior Features: Awning(s), Patio
  • View: Pool
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: Pool
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces

Utilities

  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 20.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434616d80000030
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 4169.0
  • Zoning Description: RM(cit

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 26506.0

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2025
Closed on
Jul 22, 2025
Sold by
Kennedy Jane Isabel Soper
Bought by
Dipietro Salvatore Joseph
Seller's Agent
Thomas Reutter
Reutter Investments Inc.
Buyer's Agent
Scott Pressman
The Keyes Company
List Price
$2,695,000
Sold Price
$2,500,000
Premium/Discount to List
-$195,000
-7.24%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.96%
Original Mortgage
$1,600,000
Outstanding Balance
$1,600,000
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$1,060,502

Purchase Details

Listed on
May 15, 2012
Closed on
Nov 23, 2012
Sold by
Norwood Erwin E and Davidson Sue E
Bought by
Kennedy Jane Isabel Soper
Seller's Agent
Jeffrey Johnson
Douglas Elliman
Buyer's Agent
Thomas Reutter
Reutter Investments Inc.
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%

Purchase Details

Closed on
Mar 21, 2006
Sold by
Bienfait Constance C
Bought by
Norwood Erwin E and Davidson Sue E

Purchase Details

Closed on
Jul 21, 2001
Sold by
Alain Sutter M and Melanie Sutter M
Bought by
Cascio Frank E and Cascio Constance C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.16%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $2,500,000 None Listed On Document
Warranty Deed $2,500,000 None Listed On Document
Warranty Deed $950,000 Attorney
Warranty Deed $1,250,000 Southeastern Alliance Title
Warranty Deed $605,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,600,000 New Conventional
Closed $1,600,000 New Conventional
Previous Owner $509,000 Unknown
Previous Owner $500,000 Credit Line Revolving
Previous Owner $350,000 Stand Alone First
Previous Owner $300,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 Sold $2,500,000 -7.2% $912 / Sq Ft
05/21/2025 05/21/25 Pending -- -- --
04/25/2025 04/25/25 For Sale $2,695,000 +183.7% $983 / Sq Ft
11/30/2012 11/30/12 Sold $950,000 -4.5% $347 / Sq Ft
10/31/2012 10/31/12 Pending -- -- --
05/15/2012 05/15/12 For Sale $995,000 -- $363 / 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 $26,506 $1,397,151 -- --
2023 $25,436 $1,270,137 $0 $0
2022 $23,582 $1,154,670 $0 $0
2021 $21,331 $1,049,700 $0 $1,049,700
2020 $20,704 $1,009,700 $0 $1,009,700
2019 $20,133 $970,700 $0 $970,700
2018 $18,774 $924,396 $0 $924,396
2017 $18,353 $885,492 $0 $0
2016 $18,372 $861,445 $0 $0
2015 $17,938 $812,717 $0 $0
2014 $17,017 $758,989 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Reutter

    Seller's Agent in 2025

    Thomas Reutter

    Reutter Investments Inc.

    (561) 266-6590

    10 in this area

    35 Total Sales

    Thomas Reutter
    Section Image
  • Scott Pressman

    Buyer's Agent in 2025

    Scott Pressman

    The Keyes Company

    (561) 601-7774

    2 in this area

    146 Total Sales

    Scott Pressman
    Section Image
  • Jeffrey Johnson

    Seller's Agent in 2012

    Jeffrey Johnson

    Douglas Elliman

    (561) 376-4328

    4 in this area

    18 Total Sales

    Jeffrey Johnson
    Section Image
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Map

Source: BeachesMLS

MLS Number: R11082960

BeachesMLS

APN: 12-43-46-16-D8-000-0030

Florida Palm Beach County Delray Beach 33483

1040 Ocean Terrace, Delray Beach, FL

This home is located at 1040 Ocean Terrace, Delray Beach, FL 33483 and is currently priced at $2,500,000, approximately $912 per square foot. This property was built in 1997. 1040 Ocean Terrace is a home located in Palm Beach County with nearby schools including Pine Grove Elementary School, Carver Middle School, and Atlantic 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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