NOT LISTED FOR SALE

Estimated Value: $5,964,000 - $10,670,281

5 Beds
8 Baths
9,205 Sq Ft
$904/Sq Ft Est. Value

Last Sold June 12, 2023

Last sale price $11,250,000 $1,222 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $57,557/month

144 Days on Market

Highlights

  • Golf Course Community
  • Home Theater
  • Home fronts a lagoon or estuary
  • Marsh Pointe Elementary School Rated A
  • Heated In Ground Pool
  • Sauna

About This Home

As of June 2023

This truly one-of-a-kind, rare to market, custom estate boasts over 9,200sf on 1.3 acres; one of the largest lots in Old Marsh. No expense was spared completely renovating this exquisite estate with the finest details, including millwork & rare stones. The list of upgrades is endless, fit for admirers of design & details. 5 bed, 8 bath, 1,200sf kitchen, gym, sauna, library & spacious covered outdoor kitchen/bar for optimal entertaining. Huge backyard with a vanishing edge pool overlooks the natural beauty of wetlands preserve, transporting you into total privacy & a tropical oasis. Old Marsh Golf Club is one of the finest gated golf communities in Palm Beach County with just 180 homes, & holds a Pete Dye nationally ranked championship course. No tee times. Minutes to beaches & attractions.

Last Agent to Sell the Property

Jordan Lederman

Fortune International Realty License #3245821 Listed on: 01/18/2023

Fortune International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,265

Year Built

  • Built in 2002

Lot Details

  • 1.28 Acre Lot
  • Home fronts a lagoon or estuary
  • Northeast Facing Home
  • Oversized Lot
  • Property is zoned RE

HOA Fees

  • $629 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Electric Vehicle Home Charger
  • Automatic Garage Door Opener
  • Circular Driveway
  • Open Parking

Property Views

  • Lagoon
  • Garden

Home Design

  • Substantially Remodeled
  • Concrete Block With Brick
  • Concrete Roof

Interior Spaces

  • 9,205 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Blinds
  • Great Room
  • Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Recreation Room
  • Sun or Florida Room
  • Sauna

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • Two Primary Bathrooms
  • 8 Full Bathrooms
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom
  • Bathtub

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Outdoor Features

  • Heated In Ground Pool
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Marsh Pointe Elementary School
  • Watson B. Duncan Middle School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 00424128030001990

Community Details

Overview

  • Club Membership Required
  • Old Marsh Golf Club,Old Marsh Golf Club Subdivision

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,265

Year Built

Built in 2002

Lot Details

0

HOA Fees

$629 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Co List Office Mls Id: FLL277002511
  • Co List Office Phone: (305) 400-6393
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: OLD MARSH GOLF CLUB,Old Marsh Golf Club
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Gas Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Bar, Built-in Features, Cooking Island, Vaulted Ceiling(s), Walk-In Closet(s), Den/Library/Office, Family Room, Florida Room, Great Room, Media Room, Recreation Room, Sauna, Utility Room/Laundry
  • Full Bathrooms: 8
  • Total Bedrooms: 5
  • Door Features: High Impact Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 9205
  • Other Equipment: Automatic Garage Door Opener, Central Vacuum
  • Possible Use: Unknown/Withheld
  • Window Features: Complete Impact Glass, Blinds, High Impact Windows
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub, Sitting Area - Primary Bedroom
  • Dining Room Features: Eat-In Kitchen, Formal Dining, Snack Bar/Counter
  • Living Room Features: Den/Library/Office, Family Room, Florida Room, Great Room, Media Room, Recreation Room, Sauna, Utility Room/Laundry
  • Master Bathroom Features: 2 Primary Bathrooms, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • Roof: Concrete, Other
  • View: Garden, Lagoon
  • Exterior Features: Barbeque, Built-In Grill, Lighting
  • Construction Type: Concrete Block With Brick
  • Direction Faces: Northeast
  • Lot Features: 1 To Less Than 2 Acre Lot, Oversized Lot
  • Patio And Porch Features: Screened Porch
  • Pool Features: In Ground, Heated
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: Yes
  • Waterfront Features: Lagoon, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: OLD MARSH GOLF CLUB
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Electric Vehicle Charging Station(s)

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association Fee: 1888
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Community Features: Clubhouse, Tennis Court(s), Golf Course Community
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Marsh Pointe Elementary
  • Middle Or Junior School: Watson B. Duncan

Lot Info

  • Parcel Number: 00424128030001990
  • Lot Size Sq Ft: 55545
  • Zoning: RE
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 52265

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2023
Closed on
Jun 12, 2023
Sold by
13001 Asset Holdingco Llc
Bought by
Richter William L and Richter Grace Lee
Seller's Agent
Jordan Lederman
Fortune International Realty
List Price
$12,000,000
Sold Price
$11,250,000
Premium/Discount to List
-$750,000
-6.25%
Views
111
Current Estimated Value
$8,317,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,932,859
Avg. Annual Appreciation
-17.72%

Purchase Details

Closed on
Mar 30, 2023
Sold by
Sabella Richard and Sabella Lynn
Bought by
13001 Asset Holdingco Llc

Purchase Details

Listed on
Jun 6, 2013
Closed on
May 29, 2015
Sold by
Reed Donald B and Reed Corrine C
Bought by
Sabella Richard
Seller's Agent
Jeff Lichtenstein
Echo Fine Properties
Buyer's Agent
Michael Galleher
Lighthouse Realty Group, Inc
List Price
$3,500,000
Sold Price
$2,750,000
Premium/Discount to List
-$750,000
-21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%
Original Mortgage
$2,200,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 19, 2000
Sold by
Araskog Rand V and Araskog Jessie M
Bought by
Reed Donald B
Source: Public Records

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 Buyer Sale Price Title Company
Richter William L $11,250,000 None Listed On Document
13001 Asset Holdingco Llc -- None Listed On Document
Sabella Richard $2,750,000 None Available
Reed Donald B $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sabella Richard $3,000,000
Previous Owner Sabella Richard $2,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2023 06/12/23 Sold $11,250,000 -6.3% $1,222 / Sq Ft
01/18/2023 01/18/23 For Sale $12,000,000 +336.4% $1,304 / Sq Ft
06/03/2015 06/03/15 Sold $2,750,000 -21.4% $309 / Sq Ft
05/04/2015 05/04/15 Pending -- -- --
06/06/2013 06/06/13 For Sale $3,500,000 -- $393 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $151,382 $9,053,925 -- --
2023 $53,542 $3,099,388 $0 $0
2022 $52,265 $3,009,115 $0 $0
2021 $51,868 $2,921,471 $0 $0
2020 $51,678 $2,881,135 $0 $0
2019 $51,532 $2,816,359 $0 $0
2018 $48,962 $2,763,846 $690,851 $2,072,995
2017 $48,531 $2,707,428 $704,950 $2,002,478
2016 $42,588 $2,275,505 $0 $0
2015 $49,480 $2,609,858 $0 $0
2014 $49,614 $2,589,145 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11327279

MIAMI REALTORS® MLS

APN: 00-42-41-28-03-000-1990