NOT LISTED FOR SALE

1112 Coral Way Riviera Beach, FL 33404

Estimated Value: $1,933,530 - $2,536,000

5 Beds
9 Baths
4,950 Sq Ft
$461/Sq Ft Est. Value

Sale Details

Date Sold: June 2, 2023

Last sale price $1,950,000 $394 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $15,353 / mo

41 Days on Market

Highlights

  • Private Pool
  • Waterfront
  • Outdoor Living Area
  • William T. Dwyer High School Rated A-
  • Canal View
  • 4 Car Attached Garage

About This Home

As of June 2023

This extra-large lot (15,150 sqft) has deep water dockage and 75' of waterfrontage. The property offers southern exposure and is minutes from the Lake Worth Inlet and Peanut Island, with no fixed bridges to get to the ocean. The dock can accommodate up to 55' boat or multiple boat lifts. Only a short walk to the beautiful Singer Island beaches. This price reflects lot value only. See video for walk-through. Gutted shell and functional boat lift on property. Available separately: A sealed set of plans for a two-story 4,950 sqft custom home with 1,970 sqft garage and pool. MORE - Marine permits authorize the following: 1) Remove an existing dock, floating platform, and boatlift and install a 203 sqft dock and new boatlift 2) Install 74 linear feet of seawall within 18 inches (wetface to wetface) of an existing wall; and 3) Construct 74 linear feet of seawall cap along an existing seawall. All measurements approximate. Refer to plans.

Last Agent to Sell the Property

Erin Sykes

SYKES License #3477065 Listed on: 03/12/2023

SYKES

Last Buyer's Agent

Shannon Reed

Sotheby's Intl. Realty, Inc. License #3115910

Sotheby's Intl. Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,891

Year Built

  • Built in 2022

Lot Details

  • 15,150 Sq Ft Lot
  • Waterfront
  • South Facing Home
  • Property is zoned RS-5(c

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Interior Spaces

  • 4,950 Sq Ft Home
  • 2-Story Property
  • Canal Views

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms

Outdoor Features

  • Private Pool
  • Outdoor Living Area

Schools

  • Lincoln Elementary School
  • John F. Kennedy Middle School
  • William T. Dwyer High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • Palm Beach Isles 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 56434222060001000

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,891

Year Built

Built in 2022

Lot Details

0.35 Acres

HOA Fees

$20 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: PGA Blvd east to Singer Island, had south on Ocean Ave. then make a right into Palm Beach Isles, Island Drive. Make an immediate left onto Coral Way. House will be on the left side.
  • Year Built: 2022
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Main Level Bedrooms: 2
  • Furnished: Unfurnished
  • Full Bathrooms: 5
  • Half Bathrooms: 4
  • Total Bedrooms: 5
  • Living Area: 4950.0
  • Stories: 2

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: Canal
  • Pool Private: Yes
  • View: Yes
  • Waterfront: Yes
  • Direction Faces: South

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes

Utilities

  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 20.0
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Lincoln
  • High School: William T. Dwyer
  • Middle Or Junior School: John F. Kennedy (Palm Beach)

Lot Info

  • Parcel #: 56434222060001000
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246.0
  • Mobile Dim Units: Feet
  • Zoning: RS-5(c

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 25890.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2023
Closed on
Jun 2, 2023
Sold by
Kitzen Ira and Kitzen Alayne
Bought by
Lopresti Angelo P and Lopresti Ellen A
Seller's Agent
Erin Sykes
SYKES
Buyer's Agent
Shannon Reed
Sotheby's Intl. Realty, Inc.
List Price
$2,800,000
Sold Price
$1,950,000
Premium/Discount to List
-$850,000
-30.36%
Views
20
Current Estimated Value
$2,282,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,133
Avg. Annual Appreciation
5.46%

Purchase Details

Closed on
Jul 29, 2022
Sold by
Martin Mobarak-Prado
Bought by
Kitzen Ira and Kitzen Alayne

Purchase Details

Listed on
Dec 8, 2015
Closed on
Jan 29, 2016
Sold by
Morgan Susan B
Bought by
Mobarak Prado Martin
Seller's Agent
Jeff Grant
RE/MAX Ocean Properties
Buyer's Agent
Jeff Grant
RE/MAX Ocean Properties
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.44%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Lopresti Angelo P $1,950,000 Union Title Services
Kitzen Ira $1,760,000 Tropical Land Title
Mobarak Prado Martin $900,000 Premiere Title South Fl Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/02/2023 06/02/23 Sold $1,950,000 -17.0% $394 / Sq Ft
04/22/2023 04/22/23 Pending -- -- --
03/31/2023 03/31/23 Price Changed $2,350,000 -16.1% $475 / Sq Ft
03/11/2023 03/11/23 For Sale $2,800,000 +211.1% $566 / Sq Ft
01/29/2016 01/29/16 Sold $900,000 -5.3% $383 / Sq Ft View Prior Sale
12/30/2015 12/30/15 Pending -- -- --
12/08/2015 12/08/15 For Sale $950,000 -- $404 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $37,943 $1,771,772 -- --
2024 $37,943 $1,831,661 -- --
2023 $37,644 $1,804,968 $1,715,952 $89,016
2022 $25,891 $1,091,235 $0 $0
2021 $22,138 $1,043,327 $952,000 $91,327
2020 $19,968 $901,847 $800,000 $101,847
2019 $20,019 $895,434 $792,000 $103,434
2018 $18,798 $872,354 $767,599 $104,755
2017 $17,237 $779,020 $673,333 $105,687
2016 $15,640 $691,179 $0 $0
2015 $7,344 $353,906 $0 $0
2014 $7,498 $351,097 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10872968

BeachesMLS (Greater Fort Lauderdale)

APN: 56-43-42-22-06-000-1000

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