1063 N Ocean Blvd Palm Beach, FL 33480
North End NeighborhoodEstimated Value: $39,239,532
6
Beds
7
Baths
10,224
Sq Ft
$3,838/Sq Ft
Est. Value
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 2020Mid-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
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
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
Total Days on Market
52
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,868,357
Avg. Annual Appreciation
8.93%
Original Mortgage
$17,758,800
Outstanding Balance
$13,025,619
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$26,213,913
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1063 N Ocean Blvd Llc | $25,371,175 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1063 N Ocean Blvd Llc | $17,758,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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
-
JIM McCANN
J
Seller's Agent in 2020
JIM McCANN
Premier Estate Properties, Inc. - Palm Beach
(561) 307-1525
31 in this area
79 Total Sales
-
J
Buyer's Agent in 2020
JAMES MCCANN
THE CORCORAN GROUP
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 20-310
APN: 50-43-43-02-00-001-0031
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