$8,450,000
SOLD FEB 25, 2020
8 Beds
7.5 Baths
8,514 Sq Ft
0.33 Acres

Recently Sold

$992 Per Sq Ft

22% Below List Price

253 Days on Market

Highlights

  • Ocean View
  • Vaulted Ceiling
  • Great Room
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Den

About This Home

As of February 2020

Just one property from the Atlantic is this outstanding 1920's Addison Mizner designed residence on prestigious Dunbar Road. ''Costa Bella'' has been updated to today's luxury standards and offers 4 principal bedrooms plus 4 additional sea view guestrooms. Oceanview master suite has dual baths and large walk in closets. Impeccable original details include exquisite plaster relief ceilings, massive stone staircase, gorgeous tilework, soaring stenciled pecky cypress ceilings and oversized windows that provide streams of light throughout. Huge chefs kitchen with family room and butler's pantry. Spacious basement level wine cellar and three-car garage. Beach access steps away. The ultimate house for entertaining and gracious daily living.

Last Agent to Sell the Property

Wally Turner

Sotheby's Intl. Realty, Inc. License #584810 Listed on: 05/17/2019

Sotheby's Intl. Realty, Inc.

Last Buyer's Agent

Dragana Connaughton

Sotheby's Intl. Realty, Inc. License #454712

Sotheby's Intl. Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,887

Year Built

  • Built in 1920

Lot Details

  • 0.33 Acre Lot
  • Property is zoned R-B(ci

Parking

  • 3 Car Garage

Interior Spaces

  • 8,514 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Great Room
  • Den
  • Ocean Views

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Adams Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434314070000372

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,887

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Palm Beach Island off of County Road
  • Year Built: 1920
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Entrance Foyer, French Door(s)/Atrium Door(s), Fireplace, Pantry, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Gas Water Heater, Refrigerator, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Marble, Other, Wood
  • Living Area: 8514.0
  • Dining Room Type: Den, Great Room, In-Law Suite
  • Stories: 2

Exterior Features

  • View: Ocean
  • Pool Features: None
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Garage Yn: Yes

Utilities

  • Laundry Features: Laundry Tub
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434314070000372
  • Lot Size Sq Ft: 14300.0
  • Zoning Description: R-B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 36887.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2019
Closed on
Feb 25, 2020
Sold by
Wohl Benjamin and Wohl Elys
Bought by
Yang Linqing
Seller's Agent
Wally Turner
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Dragana Connaughton
Sotheby's Intl. Realty, Inc.
List Price
$10,900,000
Sold Price
$8,450,000
Premium/Discount to List
-$2,450,000
-22.48%
Total Days on Market
253
Current Estimated Value
$13,396,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,946,113
Avg. Annual Appreciation
9.14%

Purchase Details

Closed on
Oct 25, 1999
Sold by
North Ocean Partners Llc
Bought by
Wohl Benjamin and Wohl Elys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.91%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Warranty Deed $8,037,150 Attorney
Warranty Deed $1,000,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $750,000 Credit Line Revolving
Previous Owner $200,000 Unknown
Previous Owner $150,000 Credit Line Revolving
Previous Owner $125,101 Unknown
Previous Owner $96,000 New Conventional
Previous Owner $550,000 New Conventional
Previous Owner $550,000 New Conventional
Previous Owner $450,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2020 02/25/20 Sold $8,450,000 0.0% $992 / Sq Ft
02/25/2020 02/25/20 Sold $8,450,000 -22.5% $992 / Sq Ft
02/04/2020 02/04/20 Pending -- -- --
01/26/2020 01/26/20 Pending -- -- --
05/17/2019 05/17/19 For Sale $10,900,000 +29.0% $1,280 / Sq Ft
12/12/2018 12/12/18 For Sale $8,450,000 -- $992 / 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 $98,179 $6,595,113 -- --
2023 $96,178 $6,403,022 $0 $0
2022 $96,351 $6,216,526 $0 $0
2021 $97,967 $6,035,462 $3,771,130 $2,264,332
2020 $38,898 $2,357,144 $0 $0
2019 $38,819 $2,304,149 $0 $0
2018 $36,874 $2,261,186 $0 $0
2017 $36,887 $2,214,678 $0 $0
2016 $36,796 $2,169,126 $0 $0
2015 $38,052 $2,154,048 $0 $0
2014 $38,234 $2,136,952 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10531252

BeachesMLS

APN: 50-43-43-14-07-000-0372