NOT LISTED FOR SALE

124 Brazilian Ave Palm Beach, FL 33480

Estimated Value: $8,586,000 - $27,451,980

8 Beds
10 Baths
6,755 Sq Ft
$2,668/Sq Ft Est. Value

Last Sold November 01, 2022

Last sale price $24,000,000 $3,553 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $118,137/month

56 Days on Market

Highlights

  • Saltwater Pool
  • Marble Flooring
  • Breakfast Area or Nook
  • Palm Beach Public School Rated A-
  • Den
  • Formal Dining Room

About This Home

As of November 2022

Originally built in 1925, this 8-bed, 8.2-bath estate exudes true Palm Beach style. Timeless architectural details feature Cypress coffered ceilings, arched windows, wrought iron gates, and railings. Low maintenance turf in the courtyard along with an outdoor shower, fountains and spa. The guest house has been updated with impact windows and doors, 2-beds, 2-bath, living area and bar. Expansive doors open to the pool area. Perfect In-Town location. Close proximity to Worth Avenue, restaurants, shops and the beach.

Last Agent to Sell the Property

Gary Pohrer

Serhant License #3068785 Listed on: 08/01/2022

Serhant

Last Buyer's Agent

Patricia Mahaney

Sotheby's Intl. Realty, Inc. License #656899

Sotheby's Intl. Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $129,967

Year Built

  • Built in 1925

Parking

  • 1 Car Attached Garage
  • Circular Driveway

Home Design

  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 6,755 Sq Ft Home
  • 2-Story Property
  • Bar
  • Fireplace
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Saltwater Pool
  • Patio

Additional Features

  • Property is zoned R-B - Lo
  • Central Heating and Cooling System

Community Details

  • Royal Park Add To P B In Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434323050280200

Home Details

Home Type

Single Family

Est. Annual Taxes

$129,967

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: South Ocean Blvd to Brazilian Avenue.
  • Year Built: 1925
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Area, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Fireplace, Separate Shower, Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Fireplace: Yes
  • Flooring: Hardwood, Marble, Other, Tile, Wood
  • Living Area: 6755.0
  • Dining Room Type: Den, Storage Room
  • Stories: 2

Exterior Features

  • Exterior Features: Patio
  • Pool Features: Heated, Pool, Salt Water
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Brick Veneer, Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Garage

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: No

Lot Info

  • Parcel #: 50434323050280200
  • Lot Size: Sidewalks
  • Zoning Description: R-B - Lo

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 129967.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2022
Closed on
Nov 1, 2022
Sold by
Burch Robert L and Burch Susan S
Bought by
Gulf Stream Trust
Seller's Agent
Gary Pohrer
Serhant
Buyer's Agent
Patricia Mahaney
Sotheby's Intl. Realty, Inc.
List Price
$25,000,000
Sold Price
$24,000,000
Premium/Discount to List
-$1,000,000
-4%
Views
133
Current Estimated Value
$18,018,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,981,010
Avg. Annual Appreciation
-9.26%
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
Gulf Stream Trust $24,000,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2022 11/01/22 Sold $24,000,000 -4.0% $3,553 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
08/01/2022 08/01/22 For Sale $25,000,000 -- $3,701 / 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 $271,253 $18,187,312 -- --
2023 $265,780 $17,657,584 $0 $0
2022 $153,706 $8,661,639 $0 $0
2021 $129,968 $7,997,475 $5,649,600 $2,347,875
2020 $119,407 $7,158,379 $4,830,000 $2,328,379
2019 $111,268 $6,526,113 $4,370,000 $2,156,113
2018 $105,722 $6,837,020 $4,605,167 $2,231,853
2017 $93,874 $5,556,440 $4,186,516 $1,369,924
2016 $93,239 $5,366,623 $0 $0
2015 $88,177 $4,878,748 $0 $0
2014 $80,831 $4,435,225 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gary Pohrer

    Serhant

    (561) 262-0856

    101 Total Sales

    Gary Pohrer
    Section Image

  • P

    Buyer's Agent in 2022

    Patricia Mahaney

    Sotheby's Intl. Realty, Inc.

    (561) 352-1066

    56 Total Sales

    Patricia Mahaney
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10821206

BeachesMLS

APN: 50-43-43-23-05-028-0200

Florida Palm Beach County Palm Beach 33480

124 Brazilian Ave, Palm Beach, FL

This home is located at 124 Brazilian Ave, Palm Beach, FL 33480 since 01 August 2022 and is currently estimated at $18,018,990, approximately $2,667 per square foot. This property was built in 1925. 124 Brazilian Ave 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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