NOT LISTED FOR SALE

1040 S Ocean Blvd Delray Beach, FL 33483

Estimated Value: $7,182,000 - $10,371,997

7 Beds
8.5 Baths
6,730 Sq Ft
$1,304/Sq Ft Est. Value

Last Sold April 23, 2019

Last sale price $6,295,000 $935 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $59,710/month

79 Days on Market

Highlights

  • Newly Remodeled
  • Private Pool
  • Pool View
  • Boca Raton Community Middle School Rated A-
  • Wood Flooring
  • Great Room

About This Home

As of April 2019

New custom-built Randall Stofft-designed contemporary masterpiece on Ocean Boulevard, a short walk from the beach. An entertainer's showplace, this oasis of modern luxury brings laid-back elegance to indoor/outdoor living. A floating staircase highlights the window-walled open interiors. The expansive compound-like setting offers a fire-lit lanai with summer kitchen, sleek saltwater pool and two private guest houses.The information herein is deemed reliable and subject to errors, omissions or changes without notice. The information has been derived from architectural plans or county records. Buyer should verify all measurements

Last Agent to Sell the Property

Pascal Liguori

Premier Estate Properties, Inc License #3009820 Listed on: 01/03/2019

Last Buyer's Agent

Pascal Liguori

Premier Estate Properties, Inc License #3009820 Listed on: 01/03/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,829

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 0.35 Acre Lot
  • East Facing Home
  • Sprinkler System
  • Property is zoned R-1-AA

Parking

  • 4 Car Attached Garage
  • Garage Door Opener

Home Design

  • Metal Roof

Interior Spaces

  • 6,730 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Bar
  • Entrance Foyer
  • Great Room
  • Formal Dining Room
  • Den
  • Wood Flooring
  • Pool Views
  • Home Security System

Kitchen

  • Built-In Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Laundry Tub

Outdoor Features

  • Private Pool
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Community Details

  • Seagate Ext Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434621080050330

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,829

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: On A1A between Linton and Atlantic Ave.
  • Year Built: 2018
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: 4098

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Entrance Foyer, Elevator, Kitchen Island, Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Flooring: Other, Wood
  • Living Area: 6730.0
  • Dining Room Type: Den, Great Room, Laundry
  • Stories: 2

Exterior Features

  • Exterior Features: Outdoor Grill
  • View: Pool
  • Lot Features: Sprinklers Automatic
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: East
  • Property Condition: New Construction
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434621080050330
  • Lot Size Sq Ft: 15108.0
  • Zoning Description: R-1-AA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 16829.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2019
Closed on
Apr 19, 2019
Sold by
The South Ocean Group 1040 Llc
Bought by
Pks Les 1040 South Ocean Llc
Seller's Agent
Pascal Liguori
Premier Estate Properties, Inc
Buyer's Agent
Pascal Liguori
Premier Estate Properties, Inc
List Price
$6,995,000
Sold Price
$6,295,000
Premium/Discount to List
-$700,000
-10.01%
Current Estimated Value
$8,776,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,481,999
Avg. Annual Appreciation
5.25%

Purchase Details

Closed on
Sep 6, 2016
Sold by
South Ocean Goup 1040 Llc
Bought by
Signature Development 1040 Llc

Purchase Details

Closed on
Mar 10, 2015
Sold by
Rittenberg Leonard
Bought by
The South Ocean Group 1040 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.77%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 25, 2007
Sold by
Rittenberg Leonard
Bought by
Rittenberg Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,590,000
Interest Rate
6.14%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 30, 2003
Sold by
Kneib Patricia E
Bought by
Rittenberg Leonard and Leonard Rittenberg Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2003
Sold by
Isrow Allen N
Bought by
Kneib Patricia E

Purchase Details

Closed on
Jul 1, 2003
Sold by
Pulte Delray Intracoastal Investments Ll
Bought by
Isrow Alan

Purchase Details

Closed on
Apr 30, 2002
Sold by
Bird Michael W and Bird Bonnie A
Bought by
Pulte Delray Intracoastal Investments Ll

Purchase Details

Closed on
Sep 13, 1995
Sold by
1040 Ocean Inc
Bought by
Bird Michael W

Purchase Details

Closed on
Mar 16, 1995
Sold by
Walsh Louis R
Bought by
Bird Michael W

Purchase Details

Closed on
Jun 8, 1994
Sold by
1040 Ocean Inc
Bought by
Walsh Louis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
8.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 1994
Sold by
Denyar Judith H
Bought by
1040 Ocean Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
8.27%
Mortgage Type
Purchase Money Mortgage
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
Pks Les 1040 South Ocean Llc $6,295,000 Attorney
Signature Development 1040 Llc $1,600,000 None Available
The South Ocean Group 1040 Llc $2,300,000 None Available
Rittenberg Leonard -- Attorney
Rittenberg Leonard $2,100,000 New Republic Title Inc
Kneib Patricia E $1,325,000 --
Isrow Alan $900,000 --
Pulte Delray Intracoastal Investments Ll $2,000,000 --
Bird Michael W -- --
Bird Michael W $800,000 --
Walsh Louis R $425,000 --
1040 Ocean Inc $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The South Ocean Group 1040 Llc $1,300,000
Previous Owner Rittenberg Leonard $1,590,000
Previous Owner Rittenberg Leonard $700,000
Previous Owner Walsh Louis R $297,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2019 04/23/19 Sold $6,295,000 -10.0% $935 / Sq Ft
03/24/2019 03/24/19 Pending -- -- --
01/03/2019 01/03/19 For Sale $6,995,000 -- $1,039 / 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 $159,754 $7,439,257 -- --
2023 $164,955 $6,762,961 $0 $0
2022 $149,885 $6,148,146 $0 $0
2021 $115,923 $6,018,712 $1,080,000 $4,938,712
2020 $103,624 $5,081,113 $872,000 $4,209,113
2019 $18,169 $880,000 $880,000 $0
2018 $17,140 $848,115 $848,115 $0
2017 $16,829 $807,729 $807,729 $0
2016 $45,895 $2,159,891 $0 $0
2015 $32,400 $1,511,959 $0 $0
2014 $32,624 $1,499,959 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Pascal Liguori

    Premier Estate Properties, Inc

    (561) 414-4849

    58 in this area

    154 Total Sales

    Pascal Liguori
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Map

Source: BeachesMLS

MLS Number: R10492054

BeachesMLS

APN: 12-43-46-21-08-005-0330

Florida Palm Beach County Delray Beach 33483

1040 S Ocean Blvd, Delray Beach, FL

This home is located at 1040 S Ocean Blvd, Delray Beach, FL 33483 since 03 January 2019 and is currently estimated at $8,776,999, approximately $1,304 per square foot. This property was built in 2018. 1040 S Ocean Blvd is a home located in Palm Beach County with nearby schools including Pine Grove 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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