NOT LISTED FOR SALE

127 Peruvian Ave Unit 2040 Palm Beach, FL 33480

Palm Beach Area

Estimated Value: $2,754,222

2 Beds
2 Baths
1,428 Sq Ft
1973 Built

Sale Details

Date Sold: March 31, 2023

Last sale price $2,500,000 $1,751 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $19,168 / mo

187 Days on Market

Highlights

  • Direct Ocean View
  • Vaulted Ceiling
  • Main Floor Primary Bedroom
  • Intercom to Front Desk
  • Marble Flooring
  • Community Pool

About This Home

As of March 2023

Highly sought-after Chalet by the Ocean 2 bedroom, 2 bath apartment sits only 300 feet from the beach on Peruvian Avenue's ocean-block. Just one street north of world famous Worth Avenue and comfortable walking distances to downtown Palm Beach restaurants and hotel gathering spots. Three blocks east to the town docks, park and the Lake Trail. This apartment has been meticulously maintained and is in pristine condition. Balcony seating with lush tropical landscaping views and a glimpse of the Atlantic's blue water. Heated pool and ample off street parking with one covered spot.

Co-Listed By

Christine Gibbons

Sotheby's Intl. Realty, Inc. License #682260

Sotheby's Intl. Realty, Inc.

Last Buyer's Agent

Lucinda Ryder

Regency Realty Services License #488353

Regency Realty Services
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,493

Year Built

  • Built in 1973

HOA Fees

  • $1,434 Monthly HOA Fees

Property Views

  • Direct Ocean
  • Garden
  • Pool

Home Design

  • Entry on the 2nd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,428 Sq Ft Home
  • 3-Story Property
  • Custom Mirrors
  • Built-In Features
  • Vaulted Ceiling
  • Entrance Foyer
  • Marble Flooring

Kitchen

  • Microwave
  • Free-Standing Freezer
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Central Heating
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Balcony
  • South Facing Home

Listing and Financial Details

  • Assessor Parcel Number 50434326070002040

Community Details

Overview

  • Chalet By The Ocean Condo Subdivision
  • Mandatory home owners association

Amenities

  • Trash Chute
  • Intercom to Front Desk
  • Bike Room

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Phone Entry
  • Complete Storm Protection
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,493

Year Built

Built in 1973

Lot Details

0 Sq Ft Lot

HOA Fees

$1,434 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1973
  • Property Sub Type: Condominium
  • Co List Office Mls Id: FLL988061
  • Co List Office Phone: 561-659-3555
  • Directions: Ocean block of Peruvian Ave, north side of street. Park in large lot adjacent to the building on the east side.
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Condo
  • Subdivision Name: CHALET BY THE OCEAN CONDO
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • LastStatus: Active With Contract
  • CurrentPrice: 2500000
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Electric Water Heater, Trash Compactor, Dishwasher, Disposal, Free-Standing Freezer, Ice Maker, Microwave, Refrigerator
  • Interior Amenities: Built-in Features, Closet Cabinetry, Custom Mirrors, Entrance Foyer, Pantry, Volume Ceilings, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Foyer
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 1428
  • Stories: 3
  • Window Features: Complete Other Protection
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Ground Level
  • Living Room Features: Pantry
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • View: Garden, Ocean, Pool, Direct Ocean, Ocean View
  • Exterior Features: Exterior Cat Walk, Balcony
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Other Structures: Livable
  • Pool Features: Community
  • Pool Private: Yes
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: Assigned, Awning, Covered, Guest
  • Total Parking Spaces: 1

Utilities

  • Green Building Features: Trash Chute
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Alarm, Smoke Detector(s), Smoke Detector, Phone Entry, Intercom In Lobby
  • Utilities: Cable Connected, Cable Available

Condo/Co-op/Association

  • Association Fee: 1434
  • Amenities: Bike Storage, Community Pool, Pool, Private Pool, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Mandatory Hoa, Pool

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 50434326070002040
  • Lot Size Sq Ft: 180
  • Zoning: R-C(ci

Rental Info

  • Pets Allowed: No, Yes

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 15493

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Mar 31, 2023
Sold by
Bought by
Buyer's Agent
Lucinda Ryder
Regency Realty Services
List Price
$3,450,000
Sold Price
$2,500,000
Premium/Discount to List
-$950,000
-27.54%
Current Estimated Value
$2,754,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,222
Avg. Annual Appreciation
2.93%

Purchase Details

Listed on
Apr 15, 2014
Closed on
Sep 22, 2014
Sold by
Bought by
Seller's Agent
W.PETER MAHLER
WILSHIRE INTL. REALTY
Buyer's Agent
W.PETER MAHLER
WILSHIRE INTL. REALTY
List Price
$685,000
Sold Price
$685,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.39%
Original Mortgage
$544,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 1997
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,500,000 None Listed On Document
$685,000 Premier Title Company Ltd
-- Attorney
-- Attorney
$247,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $483,000
Previous Owner $478,000
Previous Owner $544,000
Previous Owner $544,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2023 03/31/23 Sold $2,500,000 -27.5% $1,751 / Sq Ft
03/01/2023 03/01/23 Pending -- -- --
08/26/2022 08/26/22 For Sale $3,450,000 0.0% $2,416 / Sq Ft
08/28/2020 08/28/20 Rented $12,500 0.0% --
07/29/2020 07/29/20 Under Contract -- -- --
07/09/2020 07/09/20 For Rent $12,500 +13.6% --
11/05/2019 11/05/19 Rented $11,000 -12.0% --
10/06/2019 10/06/19 Under Contract -- -- --
05/22/2019 05/22/19 For Rent $12,500 -70.2% --
11/02/2018 11/02/18 Rented $42,000 0.0% --
10/03/2018 10/03/18 Under Contract -- -- --
06/04/2018 06/04/18 For Rent $42,000 +236.0% --
10/23/2017 10/23/17 Rented $12,500 0.0% --
09/23/2017 09/23/17 Under Contract -- -- --
04/14/2017 04/14/17 For Rent $12,500 -44.4% --
01/16/2015 01/16/15 Rented $22,500 0.0% --
01/16/2015 01/16/15 For Rent $22,500 0.0% --
09/22/2014 09/22/14 Sold $685,000 0.0% $476 / Sq Ft View Prior Sale
08/21/2014 08/21/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $685,000 0.0% $476 / Sq Ft
03/23/2012 03/23/12 Rented $2,500 0.0% --
02/22/2012 02/22/12 Under Contract -- -- --
10/05/2011 10/05/11 For Rent $2,500 -- --
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $31,335 $2,100,000
2024 $31,335 $2,100,000
2023 $24,845 $1,080,652 $0 $0
2022 $21,073 $982,411 $0 $0
2021 $15,493 $1,025,000 $0 $1,025,000
2020 $14,611 $925,000 $0 $925,000
2019 $14,022 $900,000 $0 $900,000
2018 $12,216 $800,000 $0 $800,000
2017 $10,586 $610,000 $0 $0
2016 $9,643 $555,000 $0 $0
2015 $10,040 $555,000 $0 $0
2014 $9,717 $530,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: R10827582

MIAMI REALTORS® MLS

APN: 50-43-43-26-07-000-2040

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