NOT LISTED FOR SALE

1198 N Ocean Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $13,991,252

3 Beds
3 Baths
2,471 Sq Ft
$5,662/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $11,825,000 $4,786 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $83,391/month

21 Days on Market

Highlights

  • Property has ocean access
  • Outdoor Pool
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Waterfront
  • Bermuda Architecture

About This Home

As of June 2022

Rare opportunity to come to market! Located on a pristine corner lot, 1198 N Ocean Blvd is a Bermuda Style home with 3 bedrooms and a den / 3 bathrooms only three properties from the ocean on the North End of the Island. Perfect for entertaining in every way including a gorgeous pool area with outdoor dining space and spacious living room with a fireplace. This property has privileges at the best oceanfront cabana on the entire island that has access only from its streets residents.

Last Agent to Sell the Property

GARY POHRER

Douglas Elliman License #SL3068785 Listed on: 02/15/2022

Last Buyer's Agent

GARY POHRER

THE CORCORAN GROUP 2435

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,499

Year Built

  • Built in 1951

Lot Details

  • 0.29 Acre Lot
  • Waterfront
  • Southeast Facing Home
  • Corner Lot
  • Irregular Lot
  • Sprinkler System
  • Property is zoned R-B - Low Density Residential

Parking

  • Attached Garage

Home Design

  • Bermuda Architecture
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,471 Sq Ft Home
  • 1-Story Property
  • Dining Room

Kitchen

  • Convection Oven
  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Pool

  • Outdoor Pool
  • Heated Pool

Outdoor Features

  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Mockingbird Trl Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434303090000171

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,499

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.29
  • Lot Size: 126
  • Subdivision Name: Mockingbird Trl
  • Architectural Style: Bermuda, One Story
  • Garage Yn: Yes
  • Year Built: 1951
  • Location Tax Legal:Zoned: R-B - Low Density Residential
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 21499.0
  • Location Tax Legal:Tax Year2: 2021
  • General Property Description:Living Area: 2471.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 126
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Windows:Impact Glass - Full: Yes
  • Style:Bermuda: Yes
  • General Property Description:Lot SqFt: 12806
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:South: Yes
  • Style:One Story: Yes
  • Exposure:East: Yes
  • Pool:Heated - Electric: Yes
  • Lot Size:Irregular Lot: Yes
  • Lot Size:Corner Lot: Yes
  • Garage 2 Car: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Range-Gas, Oven-Convection, Microwave, Washer, Dryer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Hardwood, Marble, Tile
  • Living Area: 2471.0
  • Window Features: Impact Glass-Full
  • Other Rooms:Dining Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Oven-Convection: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF, Corner Lot, Irregular Lot
  • Pool Features: Pool, Fresh Water, Heated - Electric
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Ocean Access-Deeded, Sprinkler System, Impact Doors, Impact Windows
  • Roof: Cement Tile
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes
  • Water Source: City Water, Sewer

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 12806.0
  • Parcel #: 50434303090000171
  • Zoning: R-B - Low Density Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 21499.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
Jun 30, 2022
Sold by
Kuhlman Homestead Trust
Bought by
Williams Douglas L and Sirchio Gabrielle J
Seller's Agent
GARY POHRER
Douglas Elliman
Buyer's Agent
GARY POHRER
THE CORCORAN GROUP 2435
List Price
$11,825,000
Sold Price
$11,825,000
Current Estimated Value
$13,991,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,166,252
Avg. Annual Appreciation
5.47%
Original Mortgage
$5,000,000
Outstanding Balance
$4,674,514
Interest Rate
3.13%
Mortgage Type
New Conventional
Estimated Equity
$9,316,738

Purchase Details

Closed on
Feb 10, 2021
Sold by
Kuhlman J T J and Kuhlman Kerry Anne
Bought by
Kuhlman J T J and Kuhlman Kerry Anne

Purchase Details

Closed on
Oct 8, 2010
Sold by
Kuhlman John Thane and Kuhlman Kerry Anne
Bought by
Kuhlman J T

Purchase Details

Closed on
Jun 4, 2010
Sold by
Nordhausen Kuhlman Alice
Bought by
Kuhlman John Thane

Purchase Details

Closed on
Mar 19, 2009
Sold by
Nordhausen Kuhlman Alice
Bought by
Kuhlman Alice Nordhausen

Purchase Details

Closed on
Jan 23, 2002
Sold by
Kuhlman Alice N and Estate Of Thane Anderson Kuhlm
Bought by
Kuhlman Alice Nordhausen and Thane Anderson Kuhlman Credit Shelter Tr
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Williams Douglas L $11,825,000 Jones Foster Pa
Kuhlman J T J -- Attorney
Kuhlman J T -- Attorney
Kuhlman John Thane -- Attorney
Kuhlman Alice Nordhausen -- Attorney
Kuhlman Alice -- Attorney
Kuhlman Alice Nordhausen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Douglas L $5,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $11,825,000 0.0% $4,786 / Sq Ft
06/30/2022 06/30/22 Sold $11,825,000 0.0% $4,786 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
03/08/2022 03/08/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $11,825,000 -0.6% $4,786 / Sq Ft
01/17/2022 01/17/22 For Sale $11,900,000 -- $4,816 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $85,885 $5,751,525 -- --
2023 $116,210 $7,722,226 $5,584,005 $2,138,221
2022 $21,113 $1,346,285 $0 $0
2021 $21,499 $1,307,073 $0 $0
2020 $21,528 $1,289,027 $0 $0
2019 $21,479 $1,260,046 $0 $0
2018 $20,426 $1,236,552 $0 $0
2017 $20,415 $1,211,119 $0 $0
2016 $19,890 $1,186,209 $0 $0
2015 $20,565 $1,177,963 $0 $0
2014 $20,663 $1,168,614 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    GARY POHRER

    Douglas Elliman

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 22-87

APN: 50-43-43-03-09-000-0171

Florida Palm Beach County Palm Beach 33480 North End

1198 N Ocean Way, Palm Beach, FL

This home is located at 1198 N Ocean Way, Palm Beach, FL 33480 since 15 February 2022 and is currently estimated at $13,991,252, approximately $5,662 per square foot. This property was built in 1951. 1198 N Ocean Way 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.

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.

Nearby Homes