NOT LISTED FOR SALE

Palm Beach, FL 33480

Estimated Value: $3,792,000 - $25,435,795

8 Beds
11 Baths
10,568 Sq Ft
$1,383/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $13,958,675 $1,321 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $92,994/month

267 Days on Market

Highlights

  • Heated Pool
  • Garage Apartment
  • Mediterranean Architecture
  • Palm Beach Public School Rated A-
  • Wood Flooring
  • Den

About This Home

As of December 2017

Casa Giravento - Located on a prime ocean block is an extraordinary restored 1920's Maurice Fatio Mediterranean estate on a huge Palm Beach parcel with original details intact. Main house has 6 BR suites, including a first level master and library. Wonderfully scaled and surrounded by glass (12,000+ SF), it is light and elegant throughout. Superb outdoor spaces, beautiful lush gardens, 50'x25' pool with oversized cabana (includes 1 BR/2 BA/living room), multiple loggias, wine cellar, 5 fireplaces, impact glass, citrus orchard, separate guest apartment and much more.

Last Agent to Sell the Property

Dana Koch

The Corcoran Group License #3027862 Listed on: 02/20/2017

The Corcoran Group

Last Buyer's Agent

Allison Wren

The Corcoran Group License #3199580

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $112,376

Year Built

  • Built in 1928

Lot Details

  • Fenced
  • Property is zoned RA

Parking

  • 4 Car Attached Garage
  • Garage Apartment

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 10,568 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Built-In Features
  • Ceiling Fan
  • Fireplace
  • Casement Windows
  • French Doors
  • Family Room
  • Formal Dining Room
  • Den
  • Dryer

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet

Home Security

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

Outdoor Features

  • Heated Pool
  • Patio
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434335000010060

Home Details

Home Type

Single Family

Est. Annual Taxes

$112,376

Year Built

Built in 1928

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: S Ocean Blvd, right on Via La Selva
  • Year Built: 1928
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Breakfast Area, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen, French Door(s)/Atrium Door(s), Fireplace, Pantry, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator
  • Full Bathrooms: 8
  • Half Bathrooms: 3
  • Total Bedrooms: 8
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Living Area: 10568.0
  • Dining Room Type: Den, Family Room, Garage Apartment, Storage Room
  • Stories: 3
  • Window Features: Casement Window(s), Impact Glass

Exterior Features

  • Exterior Features: Fence, Outdoor Grill, Patio
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Other
  • Other Structures: Garage Apartment
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces

Utilities

  • Security: Security System, 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

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

Lot Info

  • Parcel #: 50434335000010060
  • Zoning Description: RA

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 112376.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2017
Closed on
Dec 13, 2017
Sold by
Nidel James Edward and Nidel Seltie
Bought by
Korsant Phillip B and Korsant Catherine N
Seller's Agent
Dana Koch
The Corcoran Group
Buyer's Agent
Allison Wren
The Corcoran Group
List Price
$16,900,000
Sold Price
$13,958,675
Premium/Discount to List
-$2,941,325
-17.4%
Current Estimated Value
$14,613,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$655,223
Avg. Annual Appreciation
1.49%
Original Mortgage
$10,500,000
Outstanding Balance
$8,757,199
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$6,906,486

Purchase Details

Closed on
Dec 23, 2009
Sold by
Falcone Edward
Bought by
Niedel James Edward and Niedel Selaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,999,999
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2004
Sold by
Wish Barry N and Wish Judith P
Bought by
Falcone Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
2.65%
Mortgage Type
Purchase Money Mortgage
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
Korsant Phillip B $13,958,675 Attorney
Niedel James Edward $9,300,000 Attorney
Falcone Edward $7,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Korsant Phillip B $10,500,000
Previous Owner Niedel James Edward $4,999,999
Previous Owner Falcone Edward $3,000,000
Closed Falcone Edward $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2017 12/15/17 Sold $13,958,675 -17.4% $1,321 / Sq Ft
11/15/2017 11/15/17 Pending -- -- --
02/20/2017 02/20/17 For Sale $16,900,000 -- $1,599 / 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 $186,167 $12,448,695 -- --
2023 $182,365 $12,086,112 $0 $0
2022 $182,711 $11,734,089 $0 $0
2021 $185,814 $11,392,319 $0 $0
2020 $186,245 $11,235,029 $0 $0
2019 $195,140 $11,490,722 $8,505,000 $2,985,722
2018 $189,009 $11,499,670 $8,428,998 $3,070,672
2017 $112,876 $6,722,413 $0 $0
2016 $112,376 $6,553,391 $0 $0
2015 $116,220 $6,507,836 $0 $0
2014 $116,786 $6,456,187 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dana Koch

    Seller's Agent in 2017

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    223 Total Sales

    Dana Koch
    Section Image

  • A

    Buyer's Agent in 2017

    Allison Wren

    The Corcoran Group

    (561) 655-9081

    28 Total Sales

    Allison Wren
    Section Image

  • S

    Buyer Co-Listing Agent in 2017

    Suzanne Frisbie

    The Corcoran Group

    (215) 353-8636

    106 Total Sales

    Suzanne Frisbie
    Section Image
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Source: BeachesMLS

MLS Number: R10310011

BeachesMLS

APN: 50-43-43-35-00-001-0060

Florida Palm Beach County Palm Beach

33480

This home since 20 February 2017 and is currently estimated at $14,613,898, approximately $1,382 per square foot. This property was built in 1928. This home is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community 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.

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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