NOT LISTED FOR SALE

1255 S Ocean Blvd Palm Beach, FL 33480

Estimated Value: $6,895,000

5 Beds
9 Baths
11,222 Sq Ft
$614/Sq Ft Est. Value

About This Home

This home is located at 1255 S Ocean Blvd, Palm Beach, FL 33480 and is currently estimated at $6,895,000, approximately $614 per square foot. 1255 S Ocean Blvd 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2011
Sold by
Kochman Ronald S and 1255 South Ocean Boulevard Rea
Bought by
Peterffy Thoms P and Thomas P Peterffy Amended & Restated Rev
Current Estimated Value
$6,895,000

Purchase Details

Closed on
Dec 17, 2009
Sold by
Krakoff Reed
Bought by
Kochman Ronald S and 1255 South Ocean Boulevard Realty Trust

Purchase Details

Closed on
Sep 14, 2004
Sold by
7-8 Blossom Estates Llc
Bought by
Krakoff Reed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2000
Sold by
American Farm Inv Corp
Bought by
7-8 Blossom Estates Llc
Source: Public Records

Range of Values:

Collateral Analytics

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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.

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First American

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Quantarium

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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
Peterffy Thoms P $22,660,000 Attorney
Kochman Ronald S $10,650,000 Attorney
Krakoff Reed $9,400,000 --
7-8 Blossom Estates Llc $6,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krakoff Reed $8,000,000
Previous Owner Krakoff Reed $4,000,000
Previous Owner 7-8 Blossom Estates Llc $5,247,000
Source: Public Records

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 $692,425 $46,590,334 -- --
2023 $678,669 $45,233,334 $0 $0
2022 $680,053 $43,915,858 $0 $0
2021 $691,324 $42,636,755 $0 $0
2020 $693,060 $42,048,082 $35,030,000 $7,018,082
2019 $712,394 $42,321,849 $33,790,000 $8,531,849
2018 $604,393 $37,075,424 $30,810,780 $6,264,644
2017 $613,340 $38,310,190 $32,432,400 $5,877,790
2016 $587,363 $31,184,474 $0 $0
2015 $539,287 $28,349,522 $0 $0
2014 $377,253 $20,790,000 $0 $0
Source: Public Records

Map

Florida Palm Beach County Palm Beach 33480

1255 S Ocean Blvd, Palm Beach, FL

This home is located at 1255 S Ocean Blvd, Palm Beach, FL 33480 and is currently estimated at $6,895,000, approximately $614 per square foot. 1255 S Ocean Blvd 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.

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