$14,314,562
SOLD DEC 10, 2024 RENTED FEB 25, 2025

130 Algoma Rd Palm Beach, FL 33480

5 Beds
7 Baths
6,288 Sq Ft
0.44 Acres

Recently Sold

$2,276 Per Sq Ft

35% Below List Price

1,016 Days on Market

Highlights

  • Property has ocean access
  • New Construction
  • Waterfront
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • Colonial Architecture

About This Home

As of December 2024

Just completed on an oversized lot, this five bedroom, 6.1 marble bath estate has ultra-high ceilings and spacious rooms throughout. Stately entry foyer, separate bar with 2 refrigerators, hardwood floors and recessed lighting throughout. Bright and light, every room has at least two walls of windows/doors. The primary suite has two luxurious bathrooms, large walk-in closets, and a generous private terrace. The kitchen has quality cabinetry and appliances and expands onto a spacious family room. The east side of the property has a wonderfully sized garden area, and the west aide has an outdoor loggia that is adjacent to the oversized pool/spa. Additionally, there is an elevator, storage, 2 laundry rooms, air-conditioned two car garage and a generator.

Last Agent to Sell the Property

Paulette Koch

The Corcoran Group License #3068398 Listed on: 02/14/2022

The Corcoran Group

Co-Listed By

Dana Koch

The Corcoran Group License #3027862

Last Buyer's Agent

ELIZABETH SAVAGE

Brown Harris Stevens of Palm Beach 6598 License #SL-3067550

Brown Harris Stevens of Palm Beach 6598

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $222,566

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.44 Acre Lot
  • Waterfront
  • North Facing Home
  • Sprinkler System

Parking

  • Attached Garage

Home Design

  • Colonial Architecture
  • Tile Roof
  • "S" Clay Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,288 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Loggia
  • Fireplace
  • Great Room
  • Family Room
  • Dining Area
  • Library

Kitchen

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

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Balcony

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • None Given Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434335000020300

Home Details

Home Type

Single Family

Est. Annual Taxes

$222,566

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.44
  • Lot Size: 117
  • Subdivision Name: None Given
  • Architectural Style: Colonial, Two Story
  • Garage Yn: Yes
  • Year Built: 2023
  • Location Tax Legal:Zoned: SFR
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 222566.0
  • Location Tax Legal:Tax Year2: 2024
  • General Property Description:Living Area: 6288.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 117
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • Pets:Pets Allowed: Yes
  • General Property Description:Lot SqFt: 19166
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Roof:Clay Tile: Yes
  • Garage 2 Car: Yes
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Range-Gas, Oven-Single, Microwave, Washer, Dryer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Hardwood, Marble
  • Interior Amenities: Cable, Elevator, Fireplace, Wet Bar, Wndw Trmnts Included
  • Living Area: 6288.0
  • Window Features: Impact Glass-Full
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Fresh Water
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco, New Construction
  • Exterior Features: Balcony, Ocean Access-Deeded, Sprinkler System, Impact Doors, Impact Windows
  • Roof: Clay Tile
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Construction:New Construction: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 19166.0
  • Parcel #: 50434335000020300
  • Zoning: SFR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 222566.0
  • Tax Year: 2024

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
219
Current Estimated Value
$10,463,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,851,427
Avg. Annual Appreciation
-45.18%

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

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Range of Values:

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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 $14,314,562 Lighthouse Title Services
Warranty Deed $4,100,000 Attorney
Warranty Deed $1,400,000 --
Warranty Deed $663,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $9,750,000 New Conventional
Previous Owner $3,350,000 Commercial
Previous Owner $500,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
12/04/2020 12/04/20 Pending -- -- --
05/21/2020 05/21/20 For Sale $4,100,000 0.0% $1,473 / Sq Ft
05/01/2018 05/01/18 Rented $7,250 0.0% --
04/01/2018 04/01/18 Under Contract -- -- --
11/09/2017 11/09/17 For Rent $7,250 -- --
Source: Palm Beach Board of REALTORS®

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 $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

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 22-211

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