$8,953,000
RENTED DEC 20, 2024
8 Beds
9 Baths
6,668 Sq Ft
$1,343 Price per Sq Ft

Last Sold January 08, 2016

Last sale price $4,275,000 $641 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $69,295/month

Highlights

  • Property has ocean access
  • Guest House
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Cabana
  • Lanai

About This Home

As of December 2024

The only 8 bedroom available in Palm Beach ! Brand new construction with Utmost Sophistication for this amazing new Palm Beach property on almost half an acre with private beach access and oceanfront deck. 2 oversized master suites. Exquisite interior design. Air conditioned garage. Large kitchen. Guesthouse. Available for the season or annual.

Last Agent to Rent the Property

Suzanne Stoll

Sotheby's International Realty, Inc. License #3076616 Listed on: 04/26/2024

Sotheby's International Realty, Inc.

Last Renter's Agent

Brian Mahoney

The Corcoran Group License #3501016

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $246,138

Year Built

  • Built in 2022

Lot Details

  • 0.46

Parking

  • Parking Available

Interior Spaces

  • 6,668 Sq Ft Home
  • 2-Story Property
  • Sound System
  • Ceiling Fan
  • Dining Room
  • Library
  • Utility Room

Kitchen

  • Double Oven
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Cabana
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Forced Air Zoned Heating and Cooling System
  • No Utilities
  • Cable TV Available

Additional Features

  • East Facing Home
  • Guest House

Listing and Financial Details

  • Security Deposit $175,000
  • 12 Month Lease Term
  • Seasonal Lease Term

Community Details

Overview

  • Front Yard Maintenance
  • First Addition Subdivision
  • On-Site Maintenance

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$246,138

Year Built

Built in 2022

Lot Details

0

Rental Info

  • Tenant Pays: Tenant Pays
  • Pets Other: 1dog under 10 pounds

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential Lease
  • Subdivision Name: First Addition
  • Directions: Left after the bridge, Northwards on North Lake Way.
  • Architectural Style: Two Story
  • Building Name: N/A
  • Year Built: 2022
  • Location Tax Legal:Name of Building: N/A
  • General Property Description:Living Area: 6668.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Style:Two Story: Yes
  • Contract Information:Deposit Amount: 175000.0
  • Laundry:Laundry in Unit2: Yes
  • Pets:Pets Allowed: Pets w/Restrictions
  • Utilities Included:None Included: Yes
  • Lease Type:Annual: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Pets:Pet Type: Dogs
  • Services Included:Yard Services: Yes
  • Lease Type:Seasonal: Yes
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Oven-Double, Microwave, Washer, Dryer
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Flooring: Hardwood, Marble, W/W Carpeting
  • Interior Amenities: Cable, Ceiling Fan, Elevator, Sound System, Smoke Alarms
  • Living Area: 6668.0
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Ceiling Fan: Yes
  • Appliances:Oven-Double: Yes
  • Other Rooms:Dining Area: Yes
  • Interior Features:Smoke Alarms2: Yes
  • Interior Features:Sound System: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Patio/Lanai, Cabana, Ocean Access-Deeded, Impact Doors, Impact Windows, Elevator, Guest House/Cottage
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Cabana: Yes
  • Exterior Features:GuesthouseCottage: Yes

Garage/Parking

  • Parking 2 Car2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Security System
  • Heating: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Rent Includes: None
  • Amenities: Yard Services

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2015
Closed on
Dec 28, 2015
Sold by
Duriez Margaret Dorrance Norris
Bought by
N Ocean Llc
Seller's Agent
Patricia Mahaney
Sotheby's International Realty, Inc.
Buyer's Agent
ELIZABETH JONES
BARCLAYS INTERNATIONAL REALTY
List Price
$4,275,000
Sold Price
$4,275,000
Current Estimated Value
$8,953,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,678,000
Avg. Annual Appreciation
8.17%

Purchase Details

Listed on
Aug 27, 2014
Closed on
Aug 29, 2014
Sold by
Simy Holdings Inc
Bought by
Duriez Margaret Dorrance Norris
Seller's Agent
STEVE HALL
HALL REAL ESTATE
Buyer's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
List Price
$3,800,000
Sold Price
$3,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%

Purchase Details

Closed on
Jul 9, 2003
Sold by
Haft Stuart J
Bought by
Lifmac S A
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
N Ocean Llc $4,275,000 Attorney
Duriez Margaret Dorrance Norris $3,375,800 Attorney
Lifmac S A $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open N Ocean Llc $4,000,000
Closed N Ocean Llc $3,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Rented $115,000 -20.7% --
05/21/2024 05/21/24 Price Changed $145,000 -17.1% $22 / Sq Ft
04/26/2024 04/26/24 For Rent $175,000 0.0% --
01/08/2016 01/08/16 Sold $4,275,000 0.0% $1,513 / Sq Ft
01/08/2016 01/08/16 Sold $4,275,000 0.0% $1,513 / Sq Ft
12/09/2015 12/09/15 Pending -- -- --
11/11/2015 11/11/15 Pending -- -- --
09/17/2015 09/17/15 For Sale $4,275,000 -2.8% $1,513 / Sq Ft
04/03/2015 04/03/15 For Sale $4,400,000 +15.8% $1,558 / Sq Ft
08/30/2014 08/30/14 Sold $3,800,000 0.0% $1,345 / Sq Ft
08/27/2014 08/27/14 Pending -- -- --
08/27/2014 08/27/14 For Sale $3,800,000 -- $1,345 / 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 $246,138 $15,471,261 -- --
2023 $242,373 $14,064,783 -- --
2022 $99,532 $4,817,607 -- --
2021 $72,567 $4,379,643 $4,379,643 $0
2020 $68,609 $4,069,690 $4,069,690 $0
2019 $63,799 $3,699,445 $3,699,445 $0
2018 $60,027 $3,699,745 $3,699,745 $0
2017 $54,741 $3,198,366 $3,198,366 $0
2016 $55,012 $3,198,366 $0 $0
2015 $49,825 $2,781,188 $0 $0
2014 $26,285 $1,358,597 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Palm Beach Board of REALTORS®

MLS Number: 24-736

APN: 50-43-43-03-04-000-0020