$18,250,000
$6M PRICE DROP

1048 S Ocean Blvd Palm Beach, FL 33480

Estimated payment $104,161/month

Total Views 42,236
5 Beds
9 Baths
6,676 Sq Ft
$2,734 Price per Sq Ft

Highlights

  • Ocean Front
  • Private Pool
  • Furnished
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Great Room

About This Home

Sited within the Presidential Security Zone just two streets north of Mar-a-Lago, this elegant John Volk-designed Regency home offers timeless Palm Beach appeal with private deeded beach access and sweeping ocean views. Featuring five bedrooms, six full and two half baths, the residence includes two oceanview balconies and a 40-by-20-foot lap pool surrounded by manicured gardens. Perfect for entertaining or as a serene seaside retreat, the property presents an exceptional opportunity to reimagine, renovate, or build a dream home in the prestigious Estate Section--steps from the sand and minutes from Worth Avenue.

Listing Agent

Elizabeth DeWoody

Compass Florida LLC License #3293657 Listed on: 04/25/2024

Compass Florida LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $101,360

Year Built

  • Built in 1952

Lot Details

  • 0.29 Acre Lot
  • Ocean Front
  • Property is zoned R-A(ci

Parking

  • 2 Car Attached Garage
  • Circular Driveway

Property Views

  • Ocean
  • Pool

Interior Spaces

  • 6,676 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Furnished
  • Bar
  • Great Room
  • Marble Flooring
  • Home Security System

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434335000020290

Home Details

Home Type

Single Family

Est. Annual Taxes

$101,360

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Corner of South Ocean Blvd and Algoma rd. Front entrance on S Ocean Blvd.
  • Year Built: 1952
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Elevator, Bar
  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Marble
  • Living Area: 6676.0
  • Dining Room Type: Great Room
  • Stories: 2

Exterior Features

  • Exterior Features: Balcony, Patio
  • View: Ocean, Pool
  • Pool Features: Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: No
  • Construction Type: Other
  • Patio And Porch Features: Balcony, Open, Patio
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Garage

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 50434335000020290
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 12741.0
  • Zoning Description: R-A(ci

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 101360.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $112,344 $5,871,015 -- --
2023 $101,360 $5,337,286 $0 $0
2022 $92,966 $4,852,078 $0 $0
2021 $72,500 $4,410,980 $3,300,000 $1,110,980
2020 $75,458 $4,712,505 $3,240,000 $1,472,505
2019 $69,997 $4,266,376 $3,150,000 $1,116,376
2018 $61,711 $3,897,019 $3,247,962 $649,057
2017 $55,676 $3,288,185 $2,640,620 $647,565
2016 $65,002 $3,769,289 $0 $0
2015 $65,300 $3,635,519 $0 $0
2014 $63,097 $3,467,569 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2025 11/12/25 For Rent $40,000 0.0% --
10/30/2025 10/30/25 Price Changed $18,250,000 -23.8% $2,734 / Sq Ft
04/25/2024 04/25/24 For Sale $23,950,000 0.0% $3,587 / Sq Ft
12/27/2022 12/27/22 Rented $52,000 -67.1% --
10/11/2022 10/11/22 Rented $158,000 +143.1% --
09/11/2022 09/11/22 Under Contract -- -- --
12/17/2021 12/17/21 For Rent $65,000 -58.9% --
03/19/2021 03/19/21 For Rent $158,000 +953.3% --
10/09/2020 10/09/20 Rented -- -- --
09/09/2020 09/09/20 Under Contract -- -- --
03/10/2020 03/10/20 For Rent $15,000 -- --
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,125,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $900,000 No Value Available
Source: Public Records

Source: BeachesMLS

MLS Number: R10981591

BeachesMLS

APN: 50-43-43-35-00-002-0290