$13,000,000
SOLD JAN 4, 2021
4 Beds
3 Baths
3,270 Sq Ft
0.64 Acres

Recently Sold

$3,976 Per Sq Ft

182 Days on Market

Highlights

  • 134 Feet of Waterfront
  • Property has ocean access
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Gas Heated Pool
  • Bermuda Architecture

About This Home

As of March 2022

Fabulous Beach House located in the quiet north end with direct beach access and steps to the lake trail. Spacious loggia and pool. Bright living areas. Within minutes to town.
Opportunity to combine with 1287 NO Way for family compound or build a new home.

Last Agent to Sell the Property

Carole Koeppel

Sotheby's International Realty, Inc. License #327796

Sotheby's International Realty, Inc.

Last Buyer's Agent

LILLY FERREIRA

Brown Harris Stevens of Palm Beach 5225 License #3275943

Brown Harris Stevens of Palm Beach 5225

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $87,981

Year Built

  • Built in 1955

Lot Details

  • 134 Feet of Waterfront
  • Ocean Front
  • Corner Lot
  • Property is zoned 0100 SINGLE FAMILY - GENERAL, 0100 SINGLE FAMILY -

Parking

  • 2 Car Attached Garage

Home Design

  • Bermuda Architecture
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,270 Sq Ft Home
  • 2-Story Property
  • Double Hung Windows
  • Dining Area
  • Home Security System

Kitchen

  • Gas Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Forced Air Zoned Heating and Cooling System

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303070000050

Home Details

Home Type

Single Family

Est. Annual Taxes

$87,981

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 134
  • Subdivision Name: Tropic Isle
  • Architectural Style: Bermuda, Two Story
  • Year Built: 1955
  • Location Tax Legal:Zoned: 0100 SINGLE FAMILY - GENERAL
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 87981.0
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 3270.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 134
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Roof:Cement Tile: Yes
  • Style:Two Story: Yes
  • Style:Bermuda: Yes
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • General Property Description:Waterfront Ftg: 134.0
  • Windows:Double Hung: Yes
  • Waterfront:Ocean-Across Street: Yes
  • Lot Size:Corner Lot: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Range-Gas, Washer, Dryer
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble, Other Flooring
  • Living Area: 3270.0
  • Window Features: Double Hung, Other
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre, Corner Lot
  • Pool Features: Pool, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: Ocean-Across Street
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Ocean Access-Deeded
  • Roof: Cement Tile
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached
  • Garage: Yes
  • Garage:_two_ Car: Yes

Utilities

  • Security: Security System
  • Heating: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Parcel #: 50434303070000050
  • Zoning: 0100 SINGLE FAMILY -

Tax Info

  • Tax Annual Amount: 87981.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2025
Sold by
M2b Properties Llc
Bought by
M2b Properties Llc
Total Days on Market
182

Purchase Details

Closed on
Feb 14, 2025
Sold by
M2b Properties Llc
Bought by
M2b Properties Llc

Purchase Details

Listed on
May 19, 2021
Closed on
Mar 4, 2022
Sold by
Pb North Ocean Blvd Trust
Bought by
M2b Properties Llc
Seller's Agent
LILLY FERREIRA
Brown Harris Stevens of PB
Buyer's Agent
Elizabeth DeWoody
Compass Florida LLC (PB)
List Price
$19,950,000
Sold Price
$23,525,250
Premium/Discount to List
$3,575,250
17.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-26.32%
Original Mortgage
$15,000,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2020
Closed on
Dec 31, 2020
Sold by
1285 Nob Llc
Bought by
Cooper Andrew and Andrew Cooper Trust
Seller's Agent
Carole Koeppel
Sotheby's International Realty, Inc.
Buyer's Agent
LILLY FERREIRA
Brown Harris Stevens of Palm Beach 5225
List Price
$13,000,000
Sold Price
$13,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.75%
Original Mortgage
$9,075,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 22, 2015
Closed on
Jul 9, 2015
Sold by
Snyder Sheridan
Bought by
1285 Nob Llc
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Carole Koeppel
Sotheby's International Realty, Inc.
List Price
$5,734,000
Sold Price
$5,734,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.11%

Map

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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $23,525,250 Kochman & Ziska Plc
Warranty Deed $6,701,000 Attorney
Warranty Deed $5,734,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $15,000,000 New Conventional
Previous Owner $9,075,000 New Conventional
Previous Owner $517,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2025 05/17/25 For Sale $45,000,000 -9.8% --
05/17/2025 05/17/25 For Sale $49,900,000 -23.2% $8,852 / Sq Ft
05/17/2025 05/17/25 For Sale $65,000,000 +176.3% $11,531 / Sq Ft
03/04/2022 03/04/22 Sold $23,525,250 0.0% $7,175 / Sq Ft
03/04/2022 03/04/22 Sold $23,525,250 +52178.3% $7,175 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
02/02/2022 02/02/22 Pending -- -- --
09/01/2021 09/01/21 For Rent $45,000 -18.2% --
09/01/2021 09/01/21 Rented $55,000 0.0% --
05/19/2021 05/19/21 For Sale $19,950,000 0.0% $6,084 / Sq Ft
04/20/2021 04/20/21 For Sale $19,950,000 +53.5% $6,084 / Sq Ft
01/04/2021 01/04/21 Sold $13,000,000 0.0% $3,976 / Sq Ft
12/31/2020 12/31/20 Sold $13,000,000 +51900.0% $3,965 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
10/30/2020 10/30/20 Pending -- -- --
09/18/2020 09/18/20 For Rent $25,000 0.0% --
09/18/2020 09/18/20 Rented $25,000 0.0% --
05/01/2020 05/01/20 For Sale $13,000,000 -10.3% $3,976 / Sq Ft
11/22/2019 11/22/19 For Sale $14,500,000 0.0% $4,422 / Sq Ft
10/01/2017 10/01/17 Rented $25,000 0.0% --
09/01/2017 09/01/17 Under Contract -- -- --
08/18/2017 08/18/17 For Rent $25,000 0.0% --
07/09/2015 07/09/15 Sold $5,734,000 0.0% $1,749 / Sq Ft
06/22/2015 06/22/15 Pending -- -- --
05/22/2015 05/22/15 For Sale $5,734,000 -- $1,749 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $246,481 $16,432,851 -- --
2023 $224,346 $14,931,312 $14,172,900 $758,412
2022 $123,351 $7,766,252 $0 $0
2021 $114,731 $7,060,229 $6,820,000 $240,229
2020 $82,904 $4,955,735 $4,785,000 $170,735
2019 $88,327 $5,174,565 $5,000,000 $174,565
2018 $87,582 $5,561,567 $5,408,379 $153,188
2017 $78,781 $4,660,644 $4,506,982 $153,662
2016 $80,723 $4,683,271 $0 $0
2015 $31,265 $1,775,236 $0 $0
2014 $31,415 $1,761,147 $0 $0
Source: Public Records

Source: Palm Beach Board of REALTORS®

MLS Number: 20-695

APN: 50-43-43-03-07-000-0050