$7,475,000
SOLD JUN 3, 2014
-- Bed
6.5 Baths
4,853 Sq Ft
0.32 Acres

Recently Sold

$1,540 Per Sq Ft

12% Below List Price

274 Days on Market

Highlights

  • Ocean Front
  • Boat Ramp
  • Newly Remodeled
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Heated Pool

About This Home

As of July 2020

Exquisite, elegant Oceanfront Mediterranean Villa offering Italianate ambiance, with ocean views from nearly every room. Luxurious outdoor loggia opens to an oceanside pool and spa. Private beach cabana at end of street. Private beach terrace. New kitchen, granite countertops. Intracoastal Waterway and bicycle path within easy reach. Restaurants, shopping, just a few minutes away. A great rental, easy living, everything to hand.

Last Agent to Sell the Property

Lore Smith

Sotheby's Intl. Realty, Inc. License #471429 Listed on: 08/02/2013

Sotheby's Intl. Realty, Inc.

Last Buyer's Agent

Grace Brown

Brown Harris Stevens of PB License #637721

Brown Harris Stevens of PB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $78,050

Year Built

  • Built in 1996 | Newly Remodeled

Lot Details

  • 0.32 Acre Lot
  • Ocean Front
  • East Facing Home
  • Corner Lot
  • Sprinkler System
  • Property is zoned RB

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Ocean
  • Garden
  • Pool

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 4,853 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Decorative Fireplace
  • Casement Windows
  • French Doors
  • Formal Dining Room
  • Marble Flooring

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Closet Cabinetry
  • Walk-In Closet
  • Roman Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Heated Pool
  • Balcony
  • Open Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434303030000092

Community Details

Overview

  • Ocean Terr Subdivision

Recreation

  • Boat Ramp
  • Boating
  • Fitness Center
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$78,050

Year Built

Built in 1996 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: I-95, E on Okeechobee, north on S County A1A, continue on N Ocean Blvd 3.5m
  • Year Built: 1996
  • Architectural Style: Mediterranean
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Elevator, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, Kitchen Island, Kitchen/Dining Combo, Pantry, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Door Features: French Doors
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Marble, Other
  • Living Area: 4853.0
  • Dining Room Type: Laundry, Storage Room
  • Stories: 2
  • Window Features: Casement Window(s)

Exterior Features

  • Exterior Features: Balcony, Porch, Patio
  • View: Garden, Ocean, Pool
  • Lot Features: Corner Lot, Sprinklers Automatic
  • Pool Features: Heated, Pool, Association, Community
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: East
  • Patio And Porch Features: Balcony, Open, Patio, Porch
  • Property Condition: New Construction
  • Roof: Barrel

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Facilities, Pool
  • Senior Community: No
  • Amenities: Fitness Center, Pool, Trail(s)
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434303030000092
  • Lot Size Sq Ft: 13939.0
  • Zoning Description: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 78050.0

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
274
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

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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 $11,975,000 Attorney
Warranty Deed $3,550,000 Attorney
Quit Claim Deed -- Attorney
Warranty Deed $7,475,000 Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $6,685,000 None Available
Warranty Deed $5,375,000 --
Warranty Deed $2,500,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $13,000,000 Construction
Closed $8,000,000 New Conventional
Previous Owner $1,715,000 Adjustable Rate Mortgage/ARM
Previous Owner $5,232,500 Adjustable Rate Mortgage/ARM
Previous Owner $373,750 Credit Line Revolving
Previous Owner $310,453 Unknown
Previous Owner $1,560,513 Unknown
Previous Owner $250,000 Credit Line Revolving
Previous Owner $1,251,000 Unknown
Previous Owner $1,375,000 Purchase Money Mortgage
Previous Owner $3,000,000 Fannie Mae Freddie Mac
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: R9966604

BeachesMLS

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