$7,500,000
SOLD JUL 29, 2016
5 Beds
6 Baths
4,420 Sq Ft
0.37 Acres

Recently Sold

$1,697 Per Sq Ft

289 Days on Market

Highlights

  • Property has ocean access
  • Home Theater
  • Newly Remodeled
  • Palm Beach Public School Rated A-
  • Pool and Spa
  • Waterfront

About This Home

As of June 2025

Gorgeous 5BR/6.2BA Ocean Block Mediterranean on Wells Road. Sunny home has library, fireplace, marble and hardwood flooring, and 2 car garage. Fantastic indoor and outdoor living spaces make this home perfect for entertaining. Backyard features loggias, pool, and spa. Master suite with dual closets and baths opens onto large balcony.

Last Agent to Sell the Property

Christian Angle

Christian Angle Real Estate License #703536 Listed on: 09/08/2015

Last Buyer's Agent

Paulette Koch

The Corcoran Group License #3068398

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $95,571

Year Built

  • Built in 1986 | Newly Remodeled

Lot Details

  • Waterfront
  • Home has North and South Exposure
  • Back Yard Fenced
  • Sprinkler System
  • Property is zoned R-B - Low Density Residential, R-B - Low Density

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,420 Sq Ft Home
  • Wet Bar
  • Sound System
  • Ceiling Fan
  • Dining Room
  • Home Theater
  • Library
  • Storage
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms
  • Bidet

Laundry

  • Dryer
  • Washer

Home Security

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

Parking

  • 2 Car Garage
  • Garage Door Opener

Pool

  • Pool and Spa
  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Balcony

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Adams Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434314080000053

Home Details

Home Type

Single Family

Est. Annual Taxes

$95,571

Year Built

Built in 1986 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 125
  • Subdivision Name: Adams Addition
  • Architectural Style: Mediterranean
  • Year Built: 1986
  • Location Tax Legal:Zoned: R-B - Low Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 95570.75
  • Location Tax Legal:Tax Year2: 2014
  • General Property Description:Living Area: 4420.0
  • 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
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 125
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • WaterSewer:Sewer: Yes
  • Windows:Impact Glass - Full: Yes
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Windows:Impact Glass: Yes
  • Roof:Barrel Tile: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Auto Garage Door Opener: Yes
  • Style:Mediterranean: Yes
  • Floors:StoneBrick: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Instant Hot Water, Range-Gas, Oven-Double, Microwave, Washer, Dryer
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Hardwood, Marble, Stone/Brick
  • Interior Amenities: Bidet, Cable, Ceiling Fan, Sound System, Smoke Detectors, Storage, Wet Bar, Pantry
  • Living Area: 4420.0
  • Window Features: Impact Glass, Impact Glass-Full, Other
  • Interior Features:Storage: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Appliances:Oven-Double: Yes
  • Interior Features:Bidet: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Interior Features:Sound System: Yes
  • Other Rooms:Media Room: Yes
  • Appliances:Instant Hot Water: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Fresh Water, Heated - Gas, Spa
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco, New Construction
  • Exterior Features: Balcony, Fence-Back Wall, Ocean Access-Deeded, Sprinkler System
  • Roof: Barrel
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Pool/Spa: Yes
  • Construction:New Construction: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Land Lease Amount Frequency: Yes
  • Parcel #: 50434314080000053
  • Zoning: R-B - Low Density

Tax Info

  • Tax Annual Amount: 95570.75
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2018
Closed on
Apr 5, 2018
Sold by
Zaro Jerold L and H Franklin Land Trust
Bought by
Knop John Richard and Beluchie Leslee Helene
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
CHRISTIAN ANGLE
Earl A. Hollis, Inc.
List Price
$6,786,250
Sold Price
$6,786,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%
Original Mortgage
$5,000,000
Outstanding Balance
$4,341,839
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$6,631,707

Purchase Details

Listed on
Sep 8, 2015
Closed on
Jul 1, 2016
Bought by
H Franklin Land Trust
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Paulette Koch
The Corcoran Group
List Price
$7,500,000
Sold Price
$7,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.71%

Purchase Details

Closed on
Mar 28, 2013
Sold by
110 Wells Road Llc
Bought by
Pappas James A

Purchase Details

Closed on
Dec 11, 2008
Sold by
Leibovit Joanne N
Bought by
110 Wells Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,137,500
Interest Rate
6.38%
Mortgage Type
Unknown
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Trustee Deed $6,786,250 Attorney
Deed $7,500,000 --
Warranty Deed $6,687,500 Attorney
Warranty Deed $4,607,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,000,000 New Conventional
Previous Owner $227,500 Unknown
Previous Owner $1,137,500 Unknown
Previous Owner $8,000,000 Purchase Money Mortgage
Previous Owner $120,000 No Value Available
Previous Owner $250,000 Unknown
Previous Owner $200,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Sold $17,850,000 -18.5% $4,038 / Sq Ft
05/27/2025 05/27/25 Pending -- -- --
02/24/2025 02/24/25 Price Changed $21,900,000 -8.4% $4,955 / Sq Ft
01/08/2025 01/08/25 Price Changed $23,900,000 -9.8% $5,407 / Sq Ft
09/23/2024 09/23/24 Price Changed $26,500,000 -7.0% $5,995 / Sq Ft
05/06/2024 05/06/24 For Sale $28,500,000 +320.0% $6,448 / Sq Ft
04/10/2018 04/10/18 Sold $6,786,250 0.0% $1,535 / Sq Ft
02/14/2018 02/14/18 Pending -- -- --
01/09/2018 01/09/18 For Sale $6,786,250 -9.5% $1,535 / Sq Ft
07/29/2016 07/29/16 Sold $7,500,000 0.0% $1,697 / Sq Ft
06/23/2016 06/23/16 Pending -- -- --
09/08/2015 09/08/15 For Sale $7,500,000 -- $1,697 / 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 $80,856 $5,430,152 -- --
2023 $79,199 $5,271,992 $0 $0
2022 $79,336 $5,118,439 $0 $0
2021 $80,669 $4,969,358 $0 $0
2020 $80,852 $4,900,748 $0 $0
2019 $80,548 $4,781,484 $3,258,938 $1,522,546
2018 $97,837 $6,250,501 $5,385,652 $864,849
2017 $87,988 $5,242,706 $4,378,579 $864,127
2016 $100,183 $5,814,678 $0 $0
2015 $100,652 $5,608,840 $0 $0
2014 $95,571 $5,257,152 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 15-1865

APN: 50-43-43-14-08-000-0053