NOT LISTED FOR SALE

1305 N Ocean Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $7,184,000 - $9,050,988

3 Beds
3 Baths
3,051 Sq Ft
$2,670/Sq Ft Est. Value

Last Sold February 25, 2019

Last sale price $2,895,000 $949 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $49,477/month

49 Days on Market

Highlights

  • Wood Flooring
  • Sun or Florida Room
  • 2 Car Attached Garage
  • Palm Beach Public School Rated A-
  • Formal Dining Room
  • Walk-In Closet

About This Home

As of February 2019

Spacious Bermuda style home with deeded access to beach and shared cabana. Expansive 32' living room with 9 1/2 ft ceiling. Formal dining room with beamed ceiling plus large loggia. Spacious second floor master suite with exceptional closet space. Hardwood floors. Recently updated. Cabana fee $300 per year.

Last Agent to Sell the Property

Carol Hickman

Sotheby's Intl. Realty, Inc. License #187958 Listed on: 12/07/2018

Sotheby's Intl. Realty, Inc.

Last Buyer's Agent

Heather Woolems

Sotheby's Intl. Realty, Inc. License #701755

Sotheby's Intl. Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,830

Year Built

  • Built in 1955

Lot Details

  • West Facing Home
  • Sprinkler System
  • Property is zoned RB

Parking

  • 2 Car Attached Garage

Home Design

  • Frame Construction
  • Tar and Gravel Roof
  • Concrete Roof

Interior Spaces

  • 3,051 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • French Doors
  • Formal Dining Room
  • Sun or Florida Room
  • Electric Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • Osceola Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434234110000142

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,830

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: N. Ocean Blvd to Ocean Terr. Left on Ocean Terr. then left of N. Ocean Way
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, French Door(s)/Atrium Door(s), Split Bedrooms, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Electric Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Flooring: Ceramic Tile, Wood
  • Living Area: 3051.0
  • Dining Room Type: Florida Room
  • Stories: 3

Exterior Features

  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Frame
  • Direction Faces: West
  • Roof: Concrete, Tar/Gravel

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434234110000142
  • Zoning Description: RB

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 22830.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2018
Closed on
Feb 19, 2019
Sold by
Sullivan David T and Sullivan Rita D
Bought by
1305 N Ocean Way Llc
Seller's Agent
Carol Hickman
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Heather Woolems
Sotheby's Intl. Realty, Inc.
List Price
$2,895,000
Sold Price
$2,895,000
Current Estimated Value
$8,147,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,252,497
Avg. Annual Appreciation
16.89%
Original Mortgage
$2,460,750
Outstanding Balance
$2,159,028
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$5,988,469

Purchase Details

Closed on
Aug 12, 2011
Sold by
Vander Grift Joan R and Van Der Grift Paul J
Bought by
Sullivan David T and Sullivan Rita D

Purchase Details

Closed on
Jan 13, 1997
Sold by
Deitz William A and Deitz Rosalie
Bought by
Vandergrift Joan R

Purchase Details

Closed on
Oct 11, 1995
Sold by
Alberts James D and Kasse Jane A
Bought by
Deitz William A and Deitz Rosalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.72%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1305 N Ocean Way Llc $2,895,000 Attorney
Sullivan David T $1,200,000 Attorney
Vandergrift Joan R $420,000 --
Deitz William A $300 --
Deitz William A $388,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1305 N Ocean Way Llc $2,460,750
Previous Owner Deitz William A $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2019 02/25/19 Sold $2,895,000 0.0% $949 / Sq Ft
01/26/2019 01/26/19 Pending -- -- --
12/07/2018 12/07/18 For Sale $2,895,000 -- $949 / Sq Ft
Source: BeachesMLS

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 $75,363 $4,092,031 -- --
2023 $76,492 $3,720,028 $4,276,451 $2,506,345
2022 $57,101 $3,033,856 $0 $0
2021 $45,771 $2,771,156 $2,149,266 $621,890
2020 $42,272 $2,507,319 $1,997,149 $510,170
2019 $24,020 $1,410,885 $0 $0
2018 $22,838 $1,384,578 $0 $0
2017 $22,830 $1,356,100 $0 $0
2016 $22,332 $1,328,208 $0 $0
2015 $23,091 $1,318,975 $0 $0
2014 $23,202 $1,308,507 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Carol Hickman

    Sotheby's Intl. Realty, Inc.

    (561) 659-3555

    1 Total Sale

    Carol Hickman
    Section Image

  • H

    Buyer's Agent in 2019

    Heather Woolems

    Sotheby's Intl. Realty, Inc.

    (561) 301-0928

    2 in this area

    4 Total Sales

    Heather Woolems
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10486594

BeachesMLS

APN: 50-43-42-34-11-000-0142

Florida Palm Beach County Palm Beach 33480 North End

1305 N Ocean Way, Palm Beach, FL

This home is located at 1305 N Ocean Way, Palm Beach, FL 33480 since 07 December 2018 and is currently estimated at $8,147,497, approximately $2,670 per square foot. This property was built in 1955. 1305 N Ocean Way is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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