NOT LISTED FOR SALE

Estimated Value: $8,125,000

0.55 Acre
$14,772,727 Price per Acre
23,958 Sq Ft Lot

Last Sold July 17, 2020

Last sale price $11,975,000 $2,468 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $53,735/month

243 Days on Market

Highlights

  • Beach Front
  • Palm Beach Public School Rated A-
  • Paved or Partially Paved Lot

About This Lot

As of July 2020

113 x 210, shovel ready, 23,000 +/- sq. ft. vacant lot with direct ocean views plus an additional 50' wide parcel ocean side connecting to the beach. High elevation offers panoramic views for a 10,000+/- sq. ft. home.

Last Agent to Sell the Property

Linda Gary

Linda A. Gary Real Estate License #130558 Listed on: 10/17/2019

Co-Listed By

Geoff Darnell

Brown Harris Stevens of PB License #3059407

Last Buyer's Agent

Christian Angle

Christian Angle Real Estate License #703536

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $130,185

Year Built

  • 1996

Lot Details

  • 0.55 Acre Lot
  • Beach Front
  • Paved or Partially Paved Lot
  • Property is zoned R-B(ci

Community Details

  • Ocean Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303030000090

Property Details

Property Type

Land

Est. Annual Taxes

$130,185

Year Built

1996

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North corner of N Ocean Blvd and Ocean Terrace
  • Special Features: VirtualTour
  • Year Built: 1996

Exterior Features

  • Lot Features: Beach Front
  • Road Surface Type: Paved
  • Waterfront: Yes

Lot Info

  • Parcel #: 50434303030000090
  • Development Status: Raw Land
  • Lot Size Acres: 0.55
  • Lot Size: 113
  • Lot Size Sq Ft: 24313.0
  • Zoning Description: R-B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 130185.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2019
Closed on
Jul 15, 2020
Sold by
Giardina Vickie
Bought by
Rabideau Guy and The 1332 Ocean Trust
Seller's Agent
Linda Gary
Linda A. Gary Real Estate
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$13,500,000
Sold Price
$11,975,000
Premium/Discount to List
-$1,525,000
-11.3%
Total Days on Market
243
Current Estimated Value
$8,125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,850,000
Avg. Annual Appreciation
-7.64%
Original Mortgage
$8,000,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2013
Closed on
Jun 16, 2014
Sold by
Smith Austin A and Smith Stephen C
Bought by
Giardina Vickie and Avery Pb Realty Trust
Seller's Agent
Lore Smith
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Grace Brown
Brown Harris Stevens of PB
List Price
$8,495,000
Sold Price
$7,475,000
Premium/Discount to List
-$1,020,000
-12.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%
Original Mortgage
$1,715,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 2, 2013
Closed on
Jun 13, 2014
Sold by
Chapin Foundation Inc
Bought by
Giardina Vickie and Avery Pb Realty Trust
Seller's Agent
Lore Smith
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Grace Brown
Brown Harris Stevens of PB
List Price
$8,495,000
Sold Price
$7,475,000
Premium/Discount to List
-$1,020,000
-12.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,715,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 2, 2013
Closed on
May 30, 2014
Sold by
Easterwood Mark
Bought by
Giardina Vickie and Avery Pb Realty Trust
Seller's Agent
Lore Smith
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Grace Brown
Brown Harris Stevens of PB
List Price
$8,495,000
Sold Price
$7,475,000
Premium/Discount to List
-$1,020,000
-12.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,715,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 29, 2007
Sold by
Smith Stephen C and Smith Austin A
Bought by
Smith Austin A

Purchase Details

Closed on
Jan 3, 2006
Sold by
Franpearl Equities Corp
Bought by
Easterwood Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,375,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2004
Sold by
Scarpa John F
Bought by
P F Realty Co and Franpeal Equities Corp

Purchase Details

Closed on
Dec 26, 1996
Sold by
Solcon 3000 Inc
Bought by
Scarpa John F
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
Rabideau Guy $11,975,000 Attorney
Giardina Vickie $3,550,000 Attorney
Giardina Vickie -- Attorney
Giardina Vickie $7,475,000 Attorney
Smith Austin A -- Attorney
Easterwood Mark $6,685,000 None Available
P F Realty Co $5,375,000 --
Scarpa John F $2,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rabideau Guy $13,000,000
Closed Rabideau Guy $8,000,000
Previous Owner Giardina Vickie $1,715,000
Previous Owner Giardina Vickie $5,232,500
Previous Owner Giardina Vickie $373,750
Previous Owner Easterwood Mark $310,453
Previous Owner Easterwood Mark $1,560,513
Previous Owner Easterwood Mark $250,000
Previous Owner Easterwood Mark $1,251,000
Previous Owner Easterwood Mark $1,375,000
Previous Owner Franpearl Equities Corp $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $11,975,000 -11.3% $2,468 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
10/17/2019 10/17/19 For Sale $13,500,000 +80.6% $2,782 / Sq Ft
06/03/2014 06/03/14 Sold $7,475,000 0.0% $1,540 / Sq Ft
06/03/2014 06/03/14 Sold $7,475,000 -12.0% $1,540 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
05/04/2014 05/04/14 Pending -- -- --
08/02/2013 08/02/13 For Sale $8,495,000 +13.6% $1,750 / Sq Ft
03/28/2013 03/28/13 For Sale $7,475,000 -- $1,540 / 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 $517,892 $34,752,680 -- --
2023 $227,744 $11,726,773 $19,508,500 $13,579
2022 $169,698 $10,660,703 $0 $0
2021 $158,753 $9,691,548 $9,680,000 $11,548
2020 $118,625 $7,101,908 $7,090,000 $11,908
2019 $130,185 $8,012,089 $8,000,000 $12,089
2018 $153,470 $9,502,362 $6,913,802 $2,588,560
2017 $140,759 $8,352,163 $5,761,502 $2,590,661
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10570439

BeachesMLS

APN: 50-43-43-03-03-000-0090