NOT LISTED FOR SALE

130 Algoma Rd Palm Beach, FL 33480

Estimated Value: $6,622,000 - $14,876,399

4 Beds
7 Baths
6,288 Sq Ft
$1,659/Sq Ft Est. Value

Sale Details

Date Sold: December 10, 2024

Last sale price $14,314,562 $2,276 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $73,469 / mo

Highlights

  • Property has ocean access
  • Pool
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Colonial Architecture
  • Lanai

About This Home

As of February 2025

This luxurious new construction rental located in the Estate Section of Palm Beach offers 4BD,4.5BA plus office. This elegantly decorated coastal contemporary home boasts a large entrance hall, high ceilings and a spacious open living room and dining area perfect for entertaining. The kitchen is equipped with high end appliances, bar and butler's pantry and joins a large family room flooded with natural light, tray ceilings for a bright and airy feel. Two laundry rooms for added convenience. The expansive primary suite includes a seating area, large private terrace, two baths and walk in closets. The exterior showcases a covered patio overlooking a lovely garden, heated pool, large grassy lawn. Beach access, full house generator and 2 car garage complete this beautiful home.

Last Agent to Rent the Property

ELIZABETH SAVAGE

Brown Harris Stevens of Palm Beach 6598 License #SL-3067550 Listed on: 02/05/2025

Brown Harris Stevens of Palm Beach 6598

Last Renter's Agent

Dana Koch

The Corcoran Group License #3027862

The Corcoran Group

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2023

Lot Details

  • 0.36

Parking

  • Garage

Home Design

  • Colonial Architecture

Interior Spaces

  • 6,288 Sq Ft Home
  • Wet Bar
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Fire and Smoke Detector
  • Pest Guard System

Pool

Outdoor Features

  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Non-Toxic Pest Control
  • South Facing Home

Community Details

  • Community Pool
  • Pool Services

Listing and Financial Details

  • Security Deposit $125,000
  • Rent includes cable TV, electricity, water, sewer
  • Seasonal Lease Term
  • Assessor Parcel Number 50434335000020300

Home Details

Home Type

Single Family

Year Built

Built in 2023

Lot Details

0.36 Acres

Rental Info

  • Tenant Pays: Tenant Pays

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential Lease
  • Subdivision Name: N/A
  • Directions: South on Palm Beach to Algoma Road, home is on the South side of the street.
  • Architectural Style: Colonial
  • Building Name: N/A
  • Year Built: 2023
  • Location Tax Legal:Name of Building: N/A
  • General Property Description:Living Area: 6288.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Exposure of Unit:South2: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Contract Information:Deposit Amount: 125000.0
  • Laundry:Laundry in Unit2: Yes
  • Pets:Pets Allowed: No
  • Utilities Included:Basic Cable TV: Yes
  • Utilities Included:Water: Yes
  • Utilities Included:Sewer3: Yes
  • Services Included:Pest Control2: Yes
  • Services Included:Trash Removal: Yes
  • Utilities Included:Electric: Yes
  • Lease Type:Seasonal: Yes
  • Services Included:Pool Services: Yes
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Disposal, Freezer, Range-Gas, Oven-Single, Microwave, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble
  • Interior Amenities: Cable, Wet Bar, Smoke Alarms, Pantry
  • Living Area: 6288.0
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Wet Bar: Yes
  • Interior Features:Smoke Alarms2: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Patio/Lanai, Ocean Access-Deeded
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: Yes

Garage/Parking

  • Parking:Garage2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Rent Includes: Cable TV, Electricity, Water, Sewer
  • Amenities: Pest Control, Trash Removal, Pool Services

Lot Info

  • Parcel #: 50434335000020300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
Dec 10, 2024
Sold by
130 Algoma Llc
Bought by
Maq Holdings Llc
Seller's Agent
Paulette Koch
The Corcoran Group
Buyer's Agent
ELIZABETH SAVAGE
Brown Harris Stevens of Palm Beach 6598
List Price
$22,000,000
Sold Price
$14,314,563
Premium/Discount to List
-$7,685,437
-34.93%
Views
213
Current Estimated Value
$10,430,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,883,763
Avg. Annual Appreciation
-20.76%

Purchase Details

Listed on
May 21, 2020
Closed on
Jan 12, 2021
Sold by
Carson Creek Corp
Bought by
130 Algoma Llc
Seller's Agent
JOHN STEPHENSON LLC
The Corcoran Group
Buyer's Agent
Paulette Koch
The Corcoran Group
List Price
$4,100,000
Sold Price
$4,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.68%
Original Mortgage
$3,350,000
Interest Rate
2.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 2000
Sold by
Eklund Christopher S
Bought by
Carson Creek Corp

Purchase Details

Closed on
Jul 8, 1998
Sold by
Beall Kenneth S and Beall Blair
Bought by
Eklund Christophe S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.04%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Maq Holdings Llc $14,314,562 Lighthouse Title Services
130 Algoma Llc $4,100,000 None Listed On Document
Carson Creek Corp $1,400,000 --
Eklund Christophe S $663,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 130 Algoma Llc $3,350,000
Previous Owner Eklund Christophe S $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/25/2025 02/25/25 Rented $125,000 0.0% --
02/05/2025 02/05/25 For Rent $125,000 0.0% --
12/10/2024 12/10/24 Sold $14,314,563 -18.2% $2,276 / Sq Ft View Prior Sale
11/26/2024 11/26/24 Pending -- -- --
05/20/2024 05/20/24 Price Changed $17,500,000 -7.9% $2,783 / Sq Ft
03/25/2024 03/25/24 Price Changed $18,995,000 -5.0% $3,021 / Sq Ft
01/04/2024 01/04/24 Price Changed $19,995,000 -13.1% $3,180 / Sq Ft
08/04/2023 08/04/23 Price Changed $23,000,000 +4.5% $3,658 / Sq Ft
02/14/2022 02/14/22 For Sale $22,000,000 +436.6% $3,499 / Sq Ft
01/12/2021 01/12/21 Sold $4,100,000 0.0% $1,473 / Sq Ft View Prior Sale
12/04/2020 12/04/20 Pending -- -- --
05/21/2020 05/21/20 For Sale $4,100,000 0.0% $1,473 / Sq Ft
04/21/2018 04/21/18 Rented $7,250 -27.5% --
03/22/2018 03/22/18 Under Contract -- -- --
11/08/2017 11/08/17 For Rent $10,000 -- --
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
2025 $222,566 $13,860,251 -- --
2024 $222,566 $14,447,650 -- --
2023 $103,282 $6,633,000 $0 $0
2022 $94,569 $6,030,000 $0 $0
2021 $56,949 $3,421,598 $3,300,000 $121,598
2020 $55,030 $3,254,515 $3,240,000 $14,515
2019 $52,657 $3,163,195 $3,150,000 $13,195
2018 $47,221 $2,996,398 $2,990,280 $6,118
2017 $42,042 $2,440,299 $2,431,122 $9,177
2016 $41,935 $2,310,000 $0 $0
2015 $44,497 $2,474,313 $0 $0
2014 $42,922 $2,355,749 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Landlord's Agent in 2025

    ELIZABETH SAVAGE

    Brown Harris Stevens of Palm Beach 6598

    (561) 317-5152

    16 Total Sales

    ELIZABETH SAVAGE
    Section Image
  • Dana Koch

    Tenant's Agent in 2025

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    189 Total Sales

    Dana Koch
    Section Image

  • P

    Seller's Agent in 2024

    Paulette Koch

    The Corcoran Group

    (561) 227-4416

    118 Total Sales

    Paulette Koch
    Section Image

  • J

    Seller's Agent in 2021

    JOHN STEPHENSON LLC

    The Corcoran Group

  • P

    Seller's Agent in 2018

    Phatavanh Olsen

    Douglas Elliman

    (917) 463-7299

    16 Total Sales

    Phatavanh Olsen
    Section Image

  • D

    Seller Co-Listing Agent in 2018

    Derek Olsen

    Douglas Elliman

    (917) 434-2160

    16 Total Sales

    Derek Olsen
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 25-224

APN: 50-43-43-35-00-002-0300

Florida Palm Beach County Palm Beach 33480

130 Algoma Rd, Palm Beach, FL

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