NOT LISTED FOR SALE

Estimated Value: $38,306,314

6 Beds
7.5 Baths
10,224 Sq Ft
$3,747/Sq Ft Est. Value

Last Sold April 30, 2020

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

Est. 51% increase in value since last sale

Current estimated payment $234,834/month

51 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Waterfront
  • Palm Beach Public School Rated A-
  • Private Pool
  • 0.79 Acre Lot

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 with 119+/- 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 License #397290 Listed on: 02/10/2020

Last Buyer's Agent

JIM McCANN

Premier Estate Properties, Inc License #397290 Listed on: 02/10/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $126,167

Year Built

  • Built in 1963

Lot Details

  • 0.79 Acre Lot
  • Waterfront
  • West Facing Home

Parking

  • 4 Car Attached Garage

Property Views

  • Ocean
  • Pool

Home Design

  • Tile Roof
  • Concrete Roof

Interior Spaces

  • 10,224 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Marble Flooring
  • Home Security System

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Property has ocean access
  • Seawall
  • Balcony

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Palm Beach Subdivision

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

0.79 Acres

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North on N Ocean Blvd the house is located on the East (right) side of the road just past Via Marilla before List Rd
  • Year Built: 1963
  • Architectural Style: Colonial
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Interior Amenities: Elevator, Multiple Primary Suites, Multiple En Suite Bathrooms, Separate Shower, Upper Level Primary, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Gas Range, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Marble
  • Living Area: 10224.0
  • Stories: 3

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • View: Ocean, Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Access, Seawall
  • Waterfront: Yes
  • Disclosures: Special Assessment
  • Construction Type: Block, Stucco
  • Direction Faces: West
  • Patio And Porch Features: Balcony
  • Property Condition: Resale
  • Roof: Concrete, Tile

Garage/Parking

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

Utilities

  • Laundry Features: Inside
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Utilities: Natural Gas Available

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Senior Community: No
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434302000010031
  • Lot Size Acres: 0.79
  • Lot Size: 119 Oceanfrontage x 299 approximate
  • Lot Size Sq Ft: 34412.4
  • Mobile Dim Units: Feet
  • Zoning: R-A

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 126167.0

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
Buyer's Agent
JIM McCANN
Premier Estate Properties, Inc
List Price
$29,500,000
Sold Price
$25,371,175
Premium/Discount to List
-$4,128,825
-14%
Current Estimated Value
$38,306,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,935,139
Avg. Annual Appreciation
7.35%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 -14.0% $2,482 / Sq Ft
03/31/2020 03/31/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $29,500,000 -- $2,885 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $449,965 $27,204,576 -- --
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: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10599975

BeachesMLS (Greater Fort Lauderdale)

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

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