NOT LISTED FOR SALE

Estimated Value: $39,121,480

6 Beds
7 Baths
10,224 Sq Ft
$3,826/Sq Ft Est. Value

Last Sold April 30, 2020

Last sale price $25,371,175 $2,482 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $244,911/month

52 Days on Market

Highlights

  • 119 Feet of Waterfront
  • Direct Ocean View
  • 0.79 Acre Lot
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • Contemporary Architecture

About This Home

As of April 2020

Mid-Century Modern Direct Oceanfront is an Art Collectors Dream! Spectacular broad views set the perfect backdrop for art collections on tall, wide walls. The residence perches elegantly on a nicely elevated 34,387+/-SF oceanfront parcel boasting 119'+/-of direct ocean frontage. The home flows perfectly for indoor & outdoor living and entertaining. Two fabulous masters on the 2nd level. 6 Bedrooms total including 2 staff rooms off the service hall. 4-Car stacked garage. Not another like it in Palm Beach! DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another agent, please do not consider this a solicitation for the listing. In the event a Buyer defaults, no commission will be paid to either Broker on the Deposits retained by the Seller. "No Commissions Paid until Title Passes." Copyright 2020 Listing Company. All Rights Reserved.

Last Agent to Sell the Property

JIM McCANN

Premier Estate Properties, Inc. - Palm Beach License #BK-397290 Listed on: 02/10/2020

Last Buyer's Agent

JAMES MCCANN

THE CORCORAN GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $126,167

Year Built

  • Built in 1963

Lot Details

  • 0.79 Acre Lot
  • 119 Feet of Waterfront
  • Home has East and West Exposure
  • Property is zoned RA

Parking

  • 4 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 10,224 Sq Ft Home
  • 1-Story Property
  • Single Hung Windows
  • Marble Flooring
  • Direct Ocean Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Pool

  • Outdoor Pool

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 50434302000010031

Home Details

Home Type

Single Family

Est. Annual Taxes

$126,167

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.79
  • Lot Size: 119 Appr
  • Subdivision Name: PB
  • Architectural Style: Contemporary, One Story
  • Garage Yn: Yes
  • Year Built: 1963
  • Location Tax Legal:Zoned: RA
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 126167.0
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 10224.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • General Property Description:Lot Dim (1): 119 Appr
  • Floors:Marble: Yes
  • Roof:Cement Tile: Yes
  • General Property Description:Lot SqFt: 34387
  • HOA:None: Yes
  • Style:One Story: Yes
  • Windows:Single Hung: Yes
  • Exposure:East: Yes
  • Exposure:West: Yes
  • General Property Description:Waterfront Ftg: 119.0
  • Waterfront:Ocean-Direct: Yes
  • Special Features: None

Interior Features

  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Marble
  • Living Area: 10224.0
  • Window Features: Single Hung

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Ocean-Direct
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Roof: Cement Tile
  • Construction:Cement BlockStucco: Yes

Garage/Parking

  • Parking Features: 4 Car, Attached
  • Garage: Yes
  • Garage:_four_ Car: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 34387.0
  • Parcel #: 50434302000010031
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 126167.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2020
Closed on
Apr 30, 2020
Sold by
Mandel Thomas A and Smith Bradley S
Bought by
1063 N Ocean Blvd Llc
Seller's Agent
JIM McCANN
Premier Estate Properties, Inc. - Palm Beach
Buyer's Agent
JAMES MCCANN
THE CORCORAN GROUP
List Price
$25,371,175
Sold Price
$25,371,175
Current Estimated Value
$39,121,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,750,305
Avg. Annual Appreciation
8.27%
Source: Public Records

Range of Values:

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Average Value
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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
1063 N Ocean Blvd Llc $25,371,175 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2020 04/30/20 Sold $25,371,175 0.0% $2,482 / Sq Ft
04/02/2020 04/02/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $25,371,175 -- $2,482 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $449,965 $24,731,433 -- --
2023 $387,371 $22,483,121 $0 $0
2022 $353,757 $20,439,201 $0 $0
2021 $378,759 $23,333,063 $18,572,500 $4,760,563
2020 $313,072 $18,910,495 $16,634,500 $2,275,995
2019 $126,665 $7,489,966 $0 $0
2018 $120,311 $7,350,310 $0 $0
2017 $120,401 $7,199,128 $0 $0
2016 $120,766 $7,051,056 $0 $0
2015 $124,904 $7,002,042 $0 $0
2014 $125,508 $6,946,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-310

APN: 50-43-43-02-00-001-0031