NOT LISTED FOR SALE

1080 S Ocean Blvd Palm Beach, FL 33480

Estimated Value: $4,618,000

5 Beds
6 Baths
8,722 Sq Ft
$529/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $21,800,000 $2,499 Per Sq Ft

Current estimated payment $29,101/month

64 Days on Market

Highlights

  • Home Theater
  • Cabana
  • Waterfront
  • Palm Beach Public School Rated A-
  • New Construction
  • Contemporary Architecture

About This Home

As of February 2024

New light & crisp Palm Beach villa. This 5 BR & 6.2 BA home offers exceptional craftsmanship & attention to detail. Located across from the Atlantic ocean in the highly desired Palm Beach Estate Section. Glamour, luxury & beautiful symmetry combine with an intuitive design comfortably delivering a sleek transitional aesthetic characterized by intuitively delineated spaces over 3 levels of comfortable luxury living. Details include: stunning curvilinear stair, high ceilings, spacious loggia, gourmet kitchen, family room, spacious primary suite with dual luxury baths, game room, two bars, wine room, gym, theater, two laundry rooms, pool, 2 car garage, elevator & much more. Truly a ''must see.''
Additionally, 1 Year Warranty from Developer.

Last Agent to Sell the Property

Suzanne Frisbie

The Corcoran Group License #508253 Listed on: 11/14/2023

The Corcoran Group

Last Buyer's Agent

Linda R Olsson

Linda R. Olsson Inc. License #BK432027

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $77,635

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.4 Acre Lot
  • Waterfront
  • Home has East and West Exposure
  • Sprinkler System
  • Property is zoned R-A - Estate Residential

Home Design

  • Contemporary Architecture
  • Regency Architecture
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,722 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Dining Area
  • Home Theater
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Pool

  • Cabana
  • Pool and Spa
  • Gas Heated Pool
  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Balcony
  • Patio
  • Lanai

Utilities

  • Zoned Heating and Cooling

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434335040000190

Home Details

Home Type

Single Family

Est. Annual Taxes

$77,635

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.4
  • Lot Size: 143
  • Subdivision Name: Tropic Isle
  • Directions: Royal Park Bridge to Royal Palm Way. Turn south onto South Ocean Blvd. House will be on the west side of the street
  • Architectural Style: Contemporary, Regency, Three + Story
  • Year Built: 2022
  • Location Tax Legal:Zoned: R-A - Estate Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 77635.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 8722.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 143
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • WaterSewer:Sewer: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 17424
  • WaterSewer:City Water: Yes
  • Style:Three Story: Yes
  • HOA:None: Yes
  • Exposure:East: Yes
  • Roof:Barrel Tile: Yes
  • ACHeat:Multi Zone Air: Yes
  • Auto Garage Door Opener: Yes
  • Exposure:West: Yes
  • Pool:Salt Water: Yes
  • Style:Regency: Yes
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Gas, Microwave, Washer, Dryer
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Hardwood, Marble
  • Interior Amenities: Elevator, Wet Bar, Pantry
  • Living Area: 8722.0
  • Window Features: Impact Glass-Full
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Elevator: Yes
  • Other Rooms:Dining Area: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Other Rooms:Media Room: Yes
  • Other Rooms:Exercise Room: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Salt Water, Heated - Gas, Spa
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco, New Construction
  • Exterior Features: Balcony, Patio/Lanai, Cabana, Sprinkler System, Impact Doors, Impact Windows
  • Roof: Barrel
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Pool/Spa: Yes
  • Exterior Features:Cabana: Yes
  • Construction:New Construction: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached, Door Opener
  • Garage: Yes
  • Garage:_two_ Car: Yes

Utilities

  • Heating: Central Air, Central Heat, Multi Zone Air
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 17424.0
  • Parcel #: 50434335040000190
  • Zoning: R-A - Estate Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 77635.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2023
Closed on
Feb 2, 2024
Sold by
1080 South Ocean Llc
Bought by
1080 South Ocean Boulevard Trust and Hamby
Seller's Agent
Suzanne Frisbie
The Corcoran Group
Buyer's Agent
Linda R Olsson
Linda R. Olsson Inc.
List Price
$24,800,000
Sold Price
$21,800,000
Premium/Discount to List
-$3,000,000
-12.1%
Views
94
Current Estimated Value
$4,618,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,182,000
Avg. Annual Appreciation
-48.19%
Original Mortgage
$9,000,000
Outstanding Balance
$8,879,296
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
-$1,513,296

Purchase Details

Listed on
Aug 2, 2019
Closed on
Dec 28, 2020
Sold by
Zywiee David and Estate Of Jennie K Scaife
Bought by
1080 South Ocean Llc
Seller's Agent
Elizabeth Jones
Linda R. Olsson, Inc.
Buyer's Agent
Suzanne Frisbie
The Corcoran Group
List Price
$6,150,000
Sold Price
$4,600,000
Premium/Discount to List
-$1,550,000
-25.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.45%

Purchase Details

Closed on
Apr 24, 2003
Sold by
Whisman Jack P and Hand Edward S
Bought by
Scaife Jennie K

Purchase Details

Closed on
Apr 17, 1997
Sold by
Building Mgmt Corp
Bought by
Hand Edward J
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
1080 South Ocean Boulevard Trust $21,800,000 None Listed On Document
1080 South Ocean Llc $4,600,000 Attorney
Scaife Jennie K $1,900,000 --
Hand Edward J $875,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1080 South Ocean Boulevard Trust $9,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2024 02/02/24 Sold $21,800,000 -12.1% $2,499 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
11/14/2023 11/14/23 For Sale $24,800,000 +439.1% $2,843 / Sq Ft
12/30/2020 12/30/20 Sold $4,600,000 -25.2% $920 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
08/02/2019 08/02/19 For Sale $6,150,000 -- $1,230 / 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 $279,327 $17,634,413 -- --
2023 $77,635 $4,315,997 $0 $0
2022 $70,623 $3,923,634 $0 $0
2021 $69,985 $4,225,008 $3,564,000 $661,008
2020 $93,603 $5,817,151 $4,860,000 $957,151
2019 $88,084 $5,438,930 $4,725,000 $713,930
2018 $77,228 $4,904,803 $4,479,078 $425,725
2017 $69,236 $4,072,922 $3,641,527 $431,395
2016 $77,578 $4,500,460 $0 $0
2015 $77,653 $4,325,043 $0 $0
2014 $74,318 $4,085,948 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Suzanne Frisbie

    The Corcoran Group

    (215) 353-8636

    106 Total Sales

    Suzanne Frisbie
    Section Image
  • Linda R Olsson

    Buyer's Agent in 2024

    Linda R Olsson

    Linda R. Olsson Inc.

    (561) 820-9195

    92 Total Sales

    Linda R Olsson
    Section Image

  • E

    Seller's Agent in 2020

    Elizabeth Jones

    Linda R. Olsson, Inc.

    (561) 358-7823

    7 Total Sales

    Elizabeth Jones
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 23-1855

APN: 50-43-43-35-04-000-0190

Florida Palm Beach County Palm Beach 33480

1080 S Ocean Blvd, Palm Beach, FL

This home is located at 1080 S Ocean Blvd, Palm Beach, FL 33480 since 14 November 2023 and is currently estimated at $4,618,000, approximately $529 per square foot. This property was built in 2022. 1080 S Ocean Blvd is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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