NOT LISTED FOR SALE

Solemar Pompano Beach 1116 N Ocean Blvd Unit 501 Pompano Beach, FL 33062

Estimated Value: $2,539,000 - $2,806,000

3 Beds
3.5 Baths
2,428 Sq Ft
$3,630/mo HOA Fee

Last Sold June 14, 2024

Last sale price $2,700,000 $1,112 Per Sq Ft

Current estimated payment $21,083/month

74 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Clubhouse
  • Ocean Front
  • New Construction
  • 4-minute walk to Officer Scott A. Winters Memorial Park

About This Home

As of June 2024

The newest residence on Pompano Beach - 501 at Solemar the premier south east corner residence on the ocean featuring a flow through floor plan of 3 bedrooms 3.5 bathrooms + den, with floor to ceiling glass doors. Oversized ocean & sunset glass balconies with balcony access from every bedroom and living room. Italian kitchen cabinetry, stone countertops, Sub-Zero appliances, gas range, wine fridge, and cappuccino machine. Resort amenities: east and west pools, spa treatment rooms and services, wine tasting room, state of the art gym, screening room, club room with catering kitchen, bbq areas, fire pits, pavilions, cabanas, breakfast cafe with coffee and light bites, residents concierge, 24/7 valet. Pet friendly. Close to beachfront and waterfront dining, boat club, Hillsboro Inlet and more

Last Agent to Sell the Property

David Marder

Compass Florida, LLC License #3289330 Listed on: 03/31/2024

Compass Florida, LLC

Last Buyer's Agent

Sylvia Smith-Levine

Smith Associates, Inc License #0686136

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,880

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $3,630 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Guest Parking

Home Design

  • Concrete Block And Stucco Construction
  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,428 Sq Ft Home
  • Vaulted Ceiling
  • Blinds
  • Combination Dining and Living Room
  • Den
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Bathtub
  • Shower Only in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Washer

Home Security

Outdoor Features

  • Property has ocean access
  • Outdoor Grill

Additional Features

  • Accessible Elevator Installed
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 484330HA0130

Community Details

Overview

  • 99 Units
  • High-Rise Condominium
  • Solemar Condos
  • Solemar Subdivision
  • The community has rules related to no trucks or trailers
  • Property has 1 Level

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Trash Chute
  • Business Center
  • Community Center
  • Party Room
  • Secure Lobby
  • Elevator

Recreation

  • Tennis Courts

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • High Impact Windows
  • High Impact Door
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,880

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$3,630 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2023
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: Please use gps, less than 1 mi north of pompano beach fishing village. VAlet guest parking
  • Entry Level: 5
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • Unit Levels: 1
  • New Construction: Yes
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: Solemar
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Lobby, Elevator, Fire Sprinklers, Split Bedroom, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Utility Room/Laundry
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 2428
  • Other Equipment: Elevator, Natural Gas
  • Possible Use: Secondary
  • Stories: 20
  • Window Features: Blinds, High Impact Windows, Impact Glass
  • Bedroom Features: Entry Level, Primary Bath Shower, Primary Bath Tub
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen, Snack Bar/Counter
  • Living Room Features: Den/Library/Office, Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Ocean View, Direct Ocean, Water View
  • Exterior Features: East Of Us1, Barbeque, Open Balcony
  • Construction Type: CBS Construction, Pre-Cast Concrete Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony, Wrap Around
  • Pool Private: Yes
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Solemar
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Guest, Valet, No Trucks/Trailers

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry, Washer/Dryer Hook-Up
  • Security: Fire Sprinklers, Doorman, Elevator Secure, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 3630
  • Amenities: Barbecue, Business Center, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Pool, Private Pool, Sauna, Tennis Court(s), Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 484330HA0130
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 99
  • Number Of Units Total: 99

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2880

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2024
Closed on
Jun 14, 2024
Sold by
Dellafave John J and Dellafave Gail M
Bought by
Cooper Richard S and Holtrey Deborah L
Seller's Agent
David Marder
Compass Florida, LLC
Buyer's Agent
Sylvia Smith-Levine
Smith Associates, Inc
List Price
$2,799,000
Sold Price
$2,700,000
Premium/Discount to List
-$99,000
-3.54%
Views
10
Current Estimated Value
$2,695,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,550
Avg. Annual Appreciation
-1.85%
Original Mortgage
$1,890,000
Outstanding Balance
$1,874,370
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$767,124

Purchase Details

Closed on
Sep 20, 2023
Sold by
Prh 1116 North Ocean Llc
Bought by
Dellafave John J and Dellafave Gail M
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
Cooper Richard S $2,700,000 Coastal Title
Dellafave John J $1,734,900 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooper Richard S $1,890,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $2,700,000 -3.5% $1,112 / Sq Ft
03/31/2024 03/31/24 For Sale $2,799,000 -- $1,153 / Sq Ft
Source: MIAMI REALTORS® MLS

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
2025 $32,342 $2,408,260 $240,830 $2,167,430
2024 -- $1,561,410 $156,130 $1,405,280
2023 -- $138,220 $138,220 --
Source: Public Records

Agents Affiliated with this Home

  • David Marder

    Seller's Agent in 2024

    David Marder

    Compass Florida, LLC

    (305) 556-1111

    8 in this area

    81 Total Sales

    Section Image
  • Sylvia Smith-Levine

    Buyer's Agent in 2024

    Sylvia Smith-Levine

    Smith Associates, Inc

    (305) 975-0880

    1 in this area

    12 Total Sales

    Section Image
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About Solemar Pompano Beach

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11560189

MIAMI REALTORS® MLS

APN: 48-43-30-HA-0130

Florida Broward County Pompano Beach 33062

1116 N Ocean Blvd Unit 501, Pompano Beach, FL

This home is located at 1116 N Ocean Blvd Unit 501, Pompano Beach, FL 33062 since 31 March 2024 and is currently estimated at $2,661,033, approximately $1,095 per square foot. This property was built in 2023. 1116 N Ocean Blvd Unit 501 is a home located in Broward County with nearby schools including Pompano Beach Elementary School, Pompano Beach Middle School, and Blanche Ely High School.

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.

MIAMI REALTORS® MLS 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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