NOT LISTED FOR SALE

11 Ocean Place Highland Beach, FL 33487

Estimated Value: $5,591,000 - $12,040,133

5 Beds
6.5 Baths
8,364 Sq Ft
$971/Sq Ft Est. Value

Last Sold March 10, 2016

Last sale price $7,800,000 $933 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $54,406/month

379 Days on Market

Highlights

  • Ocean Front
  • Gated with Attendant
  • Private Pool
  • Boca Raton Community Middle School Rated A-
  • Home Theater
  • 29,462 Sq Ft lot

About This Home

As of March 2016

** SELLER FINANCING AVAILABLE ** Interior and Exterior Completely Renovated and Remodeled in 2014. This Magnificent Bright, Airy Three Story Modern Oceanfront Beachside Getaway Boasts More Than 9,000 Square Feet Of Sleek Understated Elegance, Charm and Sophistication. Majestically Perched Atop the Powdery Sands of Ultra-Exclusive Highland Beach, Ocean Place Estates is Southern Palm Beach County's Only Guard-Gated Oceanfront Estate Enclave. Craftsman Quality Design Elements Coupled with Cutting Edge Technology Make This Glamorous Entertainers' Paradise a Sensory Delight to Behold. A Rare Jewel Conveniently Located Nearby the First Class Shopping / Dining of Mizner Park and Downtown Atlantic Avenue in Delray Beach. Short Distance to Boca Raton Executive Airport.

Last Agent to Sell the Property

Philip Lyle Smith

Luxury Resort Portfolio LLC License #3082497 Listed on: 01/25/2015

Co-Listed By

Carla Ferreira-Smith

Luxury Resort Portfolio LLC License #3087264

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $88,641

Year Built

  • Built in 1993

Lot Details

  • 0.68 Acre Lot
  • Ocean Front
  • West Facing Home
  • Corner Lot
  • Sprinkler System
  • Property is zoned RML

HOA Fees

  • $2,589 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 8,364 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Built-In Features
  • Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Decorative Fireplace
  • French Doors
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector

Outdoor Features

  • Private Pool
  • Patio
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater
  • Water Purifier

Listing and Financial Details

  • Assessor Parcel Number 24434704000060150

Community Details

Overview

  • Association fees include common areas, security
  • Ocean Place Estates Subdivision

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,641

Year Built

Built in 1993

Lot Details

0

HOA Fees

$2,589 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: South Ocean Blvd. 3/4 Mile North of Spanish River Blvd. to Ocean Place Estates Guard House
  • Year Built: 1993
  • Special Features: None

Interior Features

  • Interior Amenities: Wet Bar, Breakfast Bar, Built-in Features, Breakfast Area, Dining Area, Separate/Formal Dining Room, Elevator, French Door(s)/Atrium Door(s), Fireplace, High Ceilings, Kitchen Island, Pantry, Vaulted Ceiling(s), Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Water Purifier, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Wood
  • Living Area: 8364.0
  • Dining Room Type: Family Room, Media Room
  • Stories: 3
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Outdoor Grill, Patio
  • View: Ocean
  • Lot Features: Corner Lot, Sprinklers Automatic
  • Pool Features: Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: West
  • Patio And Porch Features: Patio
  • Roof: Spanish Tile, Tile

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System, Gated with Guard, Security Guard, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2589.0
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Security

Lot Info

  • Parcel #: 24434704000060150
  • Lot Size Sq Ft: 29462.0
  • Zoning Description: RML
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 88641.0

Multi Family

  • Number Of Units In Community: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2015
Closed on
Mar 9, 2016
Sold by
Mennella Francis A and Mennella Dolores
Bought by
Nero Donna C
Seller's Agent
Philip Lyle Smith
Luxury Resort Portfolio LLC
List Price
$9,675,000
Sold Price
$7,800,000
Premium/Discount to List
-$1,875,000
-19.38%
Current Estimated Value
$8,121,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,044
Avg. Annual Appreciation
0.42%

Purchase Details

Listed on
Mar 14, 2012
Closed on
Jun 29, 2012
Sold by
Diamond Estates Llc
Bought by
Mennella Francis A and Mennella Dolores
Seller's Agent
John List
Douglas Elliman
Buyer's Agent
Philip Lyle Smith
Luxury Resort Portfolio LLC
List Price
$5,950,000
Sold Price
$5,564,055
Premium/Discount to List
-$385,945
-6.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.56%

Purchase Details

Closed on
Oct 10, 2002
Sold by
Costello Barbara T
Bought by
Diamond Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,375,000
Interest Rate
4.92%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 10, 1995
Sold by
Highland Ocean Assoc Ltd Ptnr
Bought by
Direnzo August

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,980,000
Interest Rate
9.13%
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
Nero Donna C $7,650,000 Attorney
Mennella Francis A $5,151,055 Horizon Title Services Inc
Diamond Estates Llc $4,500,000 Horizon Title Services Inc
Direnzo August $3,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Diamond Estates Llc $3,375,000
Previous Owner Direnzo August $1,980,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2016 03/10/16 Sold $7,800,000 0.0% $933 / Sq Ft
02/10/2016 02/10/16 Rented $37,000 0.0% --
02/09/2016 02/09/16 Pending -- -- --
01/11/2016 01/11/16 Under Contract -- -- --
11/23/2015 11/23/15 For Rent $60,000 0.0% --
01/25/2015 01/25/15 For Sale $9,675,000 +73.9% $1,157 / Sq Ft
06/29/2012 06/29/12 Sold $5,564,055 -6.5% $726 / Sq Ft View Prior Sale
05/30/2012 05/30/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $5,950,000 -- $776 / Sq Ft
Source: BeachesMLS

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 $111,715 $7,077,440 -- --
2023 $109,416 $6,871,301 $0 $0
2022 $108,864 $6,671,166 $0 $0
2021 $106,563 $6,315,904 $0 $0
2020 $107,150 $6,228,702 $0 $0
2019 $107,613 $6,088,663 $3,700,300 $2,388,363
2018 $104,169 $6,200,678 $3,554,707 $2,645,971
2017 $106,116 $6,217,974 $3,554,707 $2,663,267
2016 $93,154 $5,096,258 $0 $0
2015 $86,725 $4,632,962 $0 $0
2014 $88,641 $4,560,895 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Philip Lyle Smith

    Luxury Resort Portfolio LLC

    (561) 445-2282

    4 Total Sales

    Philip Lyle Smith
    Section Image

  • C

    Seller Co-Listing Agent in 2016

    Carla Ferreira-Smith

    Luxury Resort Portfolio LLC

    (800) 644-5616

    2 Total Sales

    Carla Ferreira-Smith
    Section Image
  • John List

    Seller's Agent in 2012

    John List

    Douglas Elliman

    (561) 212-2112

    1 in this area

    20 Total Sales

    John List
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10105673

BeachesMLS

APN: 24-43-47-04-00-006-0150

Florida Palm Beach County Highland Beach 33487

11 Ocean Place, Highland Beach, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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