NOT LISTED FOR SALE

1260 S Ocean Blvd Lantana, FL 33462

Estimated Value: $45,279,384

1.46 Acres
$30,953,215 Price per Acre
63,721 Sq Ft Lot

Last Sold March 28, 2022

Last sale price $40,000,000

Est. 13% increase in value since last sale

Current estimated payment $276,491/month

25 Days on Market

Highlights

  • Ocean Front
  • 63,721 Sq Ft lot
  • Paved or Partially Paved Lot

About This Lot

As of March 2022

Ocean to intracoastal lot in exclusive Manalapan. All plans and permitting in hand for contemporary 27,500 sq ft masterpiece. Team in place consisting of RWB Construction, Marc Michaels Interior Design, and the Benedict Bullock Architecture Group. Construction can begin immediately with planned completion in fall 2023. Save over a year of planning and permitting. Unique opportunity.

Last Agent to Sell the Property

Robert Preston

Beaches Realty LLC License #3431339 Listed on: 01/28/2022

Last Buyer's Agent

Jack Elkins

William Raveis Real Estate License #3226762

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $175,165

Lot Details

  • 1.46 Acre Lot
  • Ocean Front
  • Property fronts an intracoastal waterway
  • Paved or Partially Paved Lot
  • Site Plan Filed
  • Property is zoned R-1C

Property Views

  • Ocean
  • Intracoastal

Location

  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 42434502010000161

Community Details

Overview

  • Hypoluxo Beach Map Subdivision

Recreation

  • Property has ocean access
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$175,165

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: South on S Ocean Blvd. Lot on left side.
  • Special Features: VirtualTour

Exterior Features

  • View: Intercoastal, Ocean
  • Lot Features: City Lot
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront Features: Intracoastal Access, Ocean Access, Ocean Front, Seawall
  • Waterfront: Yes

Lot Info

  • Parcel #: 42434502010000161
  • Development Status: Site Plan Filed
  • Lot Size: 155.0 ft x 380.0 ft
  • Lot Size Sq Ft: 63721.0
  • Zoning Description: R-1C
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 175165.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2022
Closed on
Mar 28, 2022
Sold by
1260 S Ocean Llc
Bought by
Saltbox Llc and Artemis Realty Llc
Seller's Agent
Robert Preston
Beaches Realty LLC
Buyer's Agent
Jack Elkins
William Raveis Real Estate
List Price
$42,500,000
Sold Price
$40,000,000
Premium/Discount to List
-$2,500,000
-5.88%
Current Estimated Value
$45,279,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,279,384
Avg. Annual Appreciation
3.64%

Purchase Details

Closed on
Mar 17, 2021
Sold by
1260 Manalapan Properties Llc
Bought by
1260 S Ocean Llc

Purchase Details

Closed on
Nov 4, 2009
Sold by
Subotnick Stuart and Subotnick Anita
Bought by
1260 Manalapan Properties Llc

Purchase Details

Closed on
Nov 15, 2007
Sold by
Browning Doris and Thomas Barbara
Bought by
Subotnick Stuart

Purchase Details

Closed on
Aug 12, 2005
Sold by
Browning Doris and Browning Tomas Barbara
Bought by
Browning Doris

Purchase Details

Closed on
Feb 14, 2001
Sold by
Rothman Phyllis and Rothman I
Bought by
Rothman George Trust and C
Source: Public Records

Range of Values:

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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
Saltbox Llc -- Kenneth M Kaleel Pa
1260 S Ocean Llc $15,450,000 Attorney
1260 S Ocean Llc $15,450,000 None Listed On Document
1260 Manalapan Properties Llc $6,800,000 Attorney
Subotnick Stuart $6,580,000 Attorney
Browning Doris -- --
Rothman George Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2022 03/28/22 Sold $40,000,000 -5.9% --
02/26/2022 02/26/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $42,500,000 -- --
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 $448,479 $29,390,357 -- --
2023 $412,324 $26,771,498 $26,750,600 $20,898
2022 $265,047 $16,773,110 -- --
2021 $175,165 $10,819,869 $10,800,600 $19,269
2020 $158,681 $9,520,564 $9,500,000 $20,564
2019 $162,789 $10,021,480 $10,000,000 $21,480
2018 $144,962 $9,560,894 $9,539,842 $21,052
2017 $134,083 $8,937,767 $8,915,740 $22,027
2016 $128,308 $7,056,999 $0 $0
2015 $122,657 $6,415,454 $0 $0
2014 $104,268 $5,832,231 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Robert Preston

    Beaches Realty LLC

    (561) 386-7305

    1 in this area

    7 Total Sales

    Robert Preston
    Section Image

  • J

    Buyer's Agent in 2022

    Jack Elkins

    William Raveis Real Estate

    (561) 373-2198

    11 in this area

    24 Total Sales

    Jack Elkins
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10773633

BeachesMLS

APN: 42-43-45-02-01-000-0161

Florida Palm Beach County Lantana 33462

1260 S Ocean Blvd, Lantana, FL

This home is located at 1260 S Ocean Blvd, Lantana, FL 33462 since 28 January 2022 and is currently estimated at $45,279,384. 1260 S Ocean Blvd is a home located in Palm Beach County with nearby schools including Lantana Elementary School, Lake Worth High School, and Lantana Middle 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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