NOT LISTED FOR SALE

119 Reef Rd Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $7,571,000 - $9,830,140

0 Acre
-- Price per Acre
0 Sq Ft Lot

Last Sold June 22, 2018

Last sale price $3,021,750

Est. 191% increase in value since last sale

Current estimated payment $57,766/month

85 Days on Market

About This Lot

As of June 2018

Fantastic opportunity to own on one of the most coveted streets on the North End of the island. What sets this property apart is the access that all residents of Reef Road have to the best private cabana on the beach. This is the only property on the island available with access from two streets. Buyer can design their home with access from both Reef Road and Esplanade. All sizes must be verified and Sale is subject to cancellation of Unity of title with the Town of Palm Beach. Sale may not take place until cancellation of Unity of title takes place.

Last Agent to Sell the Property

Gary Pohrer

Serhant License #3068785 Listed on: 02/26/2018

Serhant

Co-Listed By

Joseph Scheerer

Douglas Elliman License #3294010

Last Buyer's Agent

STEPHEN McPARTLIN

Linda A. Gary Real Estate License #3287847

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $48,582

Lot Details

  • Lot Dimensions are 113 x 105
  • Irregular Lot
  • Property is zoned R-B(ci

Location

  • City Lot

Community Details

  • Esplanade Ests Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434234070000180

Property Details

Property Type

Land

Est. Annual Taxes

$48,582

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: N. Lake Way North to Esplanade Way.
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: City Lot, Irregular Lot
  • Waterfront: No

Lot Info

  • Parcel #: 50434234070000180
  • Development Status: Raw Land
  • Lot Size: 113 X 105
  • Zoning Description: R-B(ci

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 48582.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2018
Closed on
Jun 22, 2018
Sold by
Garvy Robert A and Garvy Carol K
Bought by
Falb Robert M and Robert M Falb Revocable Trust
Seller's Agent
Gary Pohrer
Serhant
Buyer's Agent
STEPHEN McPARTLIN
Linda A. Gary Real Estate
List Price
$3,295,000
Sold Price
$3,021,750
Premium/Discount to List
-$273,250
-8.29%
Current Estimated Value
$8,800,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,778,893
Avg. Annual Appreciation
16.94%

Purchase Details

Closed on
Jan 22, 2003
Sold by
Gullotta Susan C
Bought by
Garvy Robert A and Robert A Garvy Revocable Trust

Purchase Details

Closed on
Jan 18, 2003
Sold by
Garvy Robert A
Bought by
Garvy Robert A and Robert A Garvy Revocable Trust

Purchase Details

Closed on
Feb 3, 1994
Sold by
Cunningham Eleanor H
Bought by
Cunningham Eleanor H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Falb Robert M $3,021,750 Attorney
Garvy Robert A $975,000 --
Garvy Robert A -- --
Cunningham Eleanor H -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2018 06/22/18 Sold $3,021,750 -8.3% --
05/23/2018 05/23/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $3,295,000 -- --
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 $117,767 $7,945,863 -- --
2023 $119,978 $8,018,527 $0 $0
2022 $120,201 $7,784,978 $0 $0
2021 $73,161 $4,498,184 $2,613,327 $1,884,857
2020 $40,053 $2,428,366 $2,428,366 $0
2019 $37,186 $2,207,605 $2,207,605 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Gary Pohrer

    Serhant

    (561) 262-0856

    35 in this area

    104 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Joseph Scheerer

    Douglas Elliman

    (561) 655-8600

    14 in this area

    68 Total Sales

    Section Image

  • S

    Buyer's Agent in 2018

    STEPHEN McPARTLIN

    Linda A. Gary Real Estate

    (917) 664-3480

    11 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10409168

BeachesMLS

APN: 50-43-42-34-08-000-0480

Florida Palm Beach County Palm Beach 33480 North End

119 Reef Rd, Palm Beach, FL

This home is located at 119 Reef Rd, Palm Beach, FL 33480 since 26 February 2018 and is currently estimated at $8,690,535. 119 Reef Rd is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes 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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