NOT LISTED FOR SALE

Estimated Value: $8,134,000 - $11,154,893

5 Beds
8 Baths
8,880 Sq Ft
$1,067/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $10,350,000 $1,166 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $69,170/month

89 Days on Market

Highlights

  • Beach
  • Golf Course Community
  • Home Theater
  • Timber Trace Elementary School Rated A
  • Gated with Attendant
  • Heated Pool

About This Home

As of July 2022

Great opportunity to own an immaculate one-acre golf course home within the Custom Estates section of exclusive Old Palm Golf Club! This sprawling one story home boasts volume ceilings, beautiful custom temperature controlled wine room, lavish theater room, spacious office, exquisite master suite with His & Her bathrooms, morning bar & large walk in closets with storage to the ceiling. The family room is perfect for entertaining, featuring a sunken wet bar, breakfast nook and is open to the gourmet kitchen with double islands, 2 1/2 ovens, 2 microwaves, 2 sinks and walk in pantry. Between the kitchen and dining room is the large butler serving pantry w/ wine refrigerator, sink and additional storage.The screened-in covered lanai is a great place to host a bar-be-cue or gather with

Last Agent to Sell the Property

Rebecca Ardizzone

Old Palm Real Estate License #3547752 Listed on: 03/16/2022

Last Buyer's Agent

Rebecca Ardizzone

Old Palm Real Estate License #3547752 Listed on: 03/16/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $79,007

Year Built

  • Built in 2015

Lot Details

  • 1.04 Acre Lot
  • Fenced
  • Property is zoned PCD(ci

HOA Fees

  • $1,275 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 8,880 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Built-In Features
  • Bar
  • High Ceiling
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Golf Course Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

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

Outdoor Features

  • Heated Pool
  • Patio
  • Outdoor Grill

Utilities

  • Cooling Available
  • Heating Available
  • Underground Utilities
  • Co-Op Membership Included
  • Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 52424135060001710

Community Details

Overview

  • Association fees include common areas, cable TV, security
  • Private Membership Available
  • Old Palm Golf Club Subdivision

Amenities

  • Sauna
  • Clubhouse

Recreation

  • Beach
  • Golf Course Community
  • Community Pool
  • Community Spa
  • Putting Green
  • Trails

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$79,007

Year Built

Built in 2015

Lot Details

0

HOA Fees

$1,275 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: From I-95 exit onto PGA Blvd West for approx 1.5 miles to Old Palm Drive.
  • Year Built: 2015
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Breakfast Area, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Fireplace, High Ceilings, Pantry, Split Bedrooms, Bar, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Softener Owned, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Tile, Wood
  • Living Area: 8880.0
  • Dining Room Type: Den, Family Room, Laundry, Media Room, Storage Room
  • Stories: 1
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Fence, Outdoor Grill, Patio
  • View: Golf Course
  • Pool Features: Heated, Pool, Association, Community
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Spanish Tile, Tile

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Driveway, Garage, Garage Door Opener

Utilities

  • Security: Security System, Gated with Guard, Security Guard, Smoke Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1275.0
  • Community Features: Beach, Club Membership Available, Clubhouse, Golf, Golf Course Community, Gated, Pool, Sauna
  • Senior Community: No
  • Amenities: Clubhouse, Golf Course, Private Membership, Pool, Putting Green(s), Sauna, Trail(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Security

Lot Info

  • Parcel #: 52424135060001710
  • Lot Size Sq Ft: 45424.0
  • Zoning Description: PCD(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 79007.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2022
Closed on
Jul 14, 2022
Sold by
Howard Silverstein
Bought by
Foster Ian and Foster Kelly
Seller's Agent
Rebecca Ardizzone
Old Palm Real Estate
Buyer's Agent
Rebecca Ardizzone
Old Palm Real Estate
List Price
$10,950,000
Sold Price
$10,350,000
Premium/Discount to List
-$600,000
-5.48%
Current Estimated Value
$9,758,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$591,772
Avg. Annual Appreciation
-4.64%
Original Mortgage
$9,999,999
Outstanding Balance
$9,455,669
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
-$507,079

Purchase Details

Listed on
Feb 6, 2021
Closed on
Jun 30, 2021
Sold by
Mcmillen Douglas A and Mcmillen Lorraine
Bought by
Silverstein Howard
Seller's Agent
Cornelius McGinnis
Old Palm Real Estate
Buyer's Agent
Liza Pulitzer
Brown Harris Stevens of PB
List Price
$7,500,000
Sold Price
$7,051,800
Premium/Discount to List
-$448,200
-5.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.62%

Purchase Details

Closed on
Nov 14, 2017
Sold by
Pickerill Sarah and Sousa Helen
Bought by
Pickerill Sarah

Purchase Details

Listed on
Apr 11, 2014
Closed on
Sep 22, 2014
Sold by
Op Lot 171 Llc
Bought by
Mcmillen Douglas A
Seller's Agent
Cornelius McGinnis
Old Palm Real Estate
Buyer's Agent
Cornelius McGinnis
Old Palm Real Estate
List Price
$1,995,000
Sold Price
$1,950,000
Premium/Discount to List
-$45,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.05%

Purchase Details

Closed on
Sep 21, 2005
Sold by
Communities Finance Co Llc
Bought by
Pine Tree Homes At Palm Beach Gdns Llc
Source: Public Records

Range of Values:

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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
Foster Ian $10,350,000 Gray Robinson Pa
Silverstein Howard $7,051,800 Trident Title
Pickerill Sarah -- Title Inc
Mcmillen Douglas A $1,950,000 Attorney
Pine Tree Homes At Palm Beach Gdns Llc $1,100,000 Wci Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foster Ian $9,999,999
Previous Owner Mcmillen Douglas A $3,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2022 07/14/22 Sold $10,350,000 -5.5% $1,166 / Sq Ft
06/14/2022 06/14/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $10,950,000 +55.3% $1,233 / Sq Ft
06/30/2021 06/30/21 Sold $7,051,800 -6.0% $794 / Sq Ft
05/31/2021 05/31/21 Pending -- -- --
02/06/2021 02/06/21 For Sale $7,500,000 +284.6% $845 / Sq Ft
09/22/2014 09/22/14 Sold $1,950,000 -2.3% $220 / Sq Ft
08/23/2014 08/23/14 Pending -- -- --
04/11/2014 04/11/14 For Sale $1,995,000 -- $225 / 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 $168,021 $8,993,699 -- --
2023 $175,337 $9,269,777 $6,500,000 $2,769,777
2022 $128,704 $6,459,991 $0 $0
2021 $79,007 $3,695,071 $0 $0
2020 $78,416 $3,644,054 $1,440,000 $2,204,054
2019 $89,590 $4,122,287 $0 $0
2018 $86,079 $4,045,424 $0 $0
2017 $83,045 $3,960,834 $0 $0
2016 $82,791 $3,879,367 $0 $0
2015 $34,764 $1,425,182 $0 $0
2014 $24,022 $760,607 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10784411

BeachesMLS

APN: 52-42-41-35-06-000-1710