NOT LISTED FOR SALE

1340 S Ocean Blvd Palm Beach, FL 33480

Estimated Value: $6,757,000

7 Beds
10 Baths
14,363 Sq Ft
$470/Sq Ft Est. Value

Last Sold July 11, 2018

Last sale price $32,495,925 $2,262 Per Sq Ft

Current estimated payment $44,687/month

564 Days on Market

Highlights

  • Lake Front
  • Property has ocean access
  • Home Theater
  • Palm Beach Public School Rated A-
  • Dock has access to electricity
  • Pool and Spa

About This Home

As of July 2018

Direct lakefront estate, newly completed. An elegant custom residence with large gracious spaces and several bedrooms with tropical water views. More than one acre of very private grounds. An exquisite new masterpiece from Mark Timothy custom homes and Marc-Michaels Interiors. Priced with furnishings.

Last Agent to Sell the Property

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 11/18/2016

Last Buyer's Agent

Dana Koch

The Corcoran Group License #3027862

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $449,105

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • Lake Front
  • Home fronts a seawall
  • Property fronts an intracoastal waterway
  • West Facing Home
  • Sprinkler System
  • Property is zoned RA

Parking

  • 4 Car Attached Garage

Home Design

  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 14,363 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Fireplace
  • Dining Room
  • Home Theater
  • Library
  • Storage
  • Utility Room

Kitchen

  • Double Oven
  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 10 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Pool

  • Pool and Spa
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Bulkhead
  • Dock has access to electricity
  • Dock made with wood
  • Balcony
  • Patio
  • Lanai
  • Attached Grill

Utilities

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

Community Details

  • No Home Owners Association
  • Casa Apava Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434402110000030

Home Details

Home Type

Single Family

Est. Annual Taxes

$449,105

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 193
  • Subdivision Name: Casa Apava
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Year Built: 2016
  • Location Tax Legal:Zoned: RA
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 449105.0
  • Location Tax Legal:Tax Year2: 2017
  • General Property Description:Living Area: 14363.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 193
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Windows:Impact Glass: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Exposure:West: Yes
  • Dock:Electric at Dock: Yes
  • Dock:Wood: Yes
  • Dock:Other Materials2: Yes
  • Waterfront:Intracoastal-Direct: Yes
  • Waterfront:Lakefront: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Range-Gas, Oven-Double, Microwave, Washer, Dryer, Central Vac System
  • Half Bathrooms: 3
  • Total Bedrooms: 7
  • Flooring: Hardwood, Marble, W/W Carpeting
  • Interior Amenities: Cable, Elevator, Fireplace, Storage, Wet Bar, Wndw Trmnts Included
  • Living Area: 14363.0
  • Window Features: Impact Glass, Impact Glass-Full
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: Yes
  • Other Rooms:Dining Area: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Appliances:Central Vac System: Yes
  • Other Rooms:Media Room: Yes

Exterior Features

  • Lot Features: 1 to 3 Acres
  • Pool Features: Pool, Spa
  • Pool Private: Yes
  • Waterfront Features: Intracoastal-Direct, Lakefront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco, New Construction
  • Exterior Features: Balcony, Patio/Lanai, Ocean Access-Deeded, Seawall/Bulkhead, Built-in Grill, Sprinkler System
  • Roof: Cement Tile
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Pool/Spa: Yes
  • Exterior Features:Built-in Grill: Yes
  • Exterior Features:SeawallBulkhead2: Yes
  • Construction:New Construction: Yes

Garage/Parking

  • Parking Features: 4 Car, Attached, Air Conditioned
  • Garage: Yes
  • Garage:Air Conditioned: Yes
  • Garage:_four_ Car: Yes

Utilities

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

Lot Info

  • Land Lease Amount Frequency: No
  • Parcel #: 50434402110000030
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 449105.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2016
Closed on
Jul 10, 2018
Sold by
Casa Apava Lot 3 Llc
Bought by
Lieber Esq Oren D and The Greene Family Trust
Seller's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
Buyer's Agent
Dana Koch
The Corcoran Group
List Price
$32,495,925
Sold Price
$32,495,925
Total Days on Market
564
Current Estimated Value
$6,757,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,738,925
Avg. Annual Appreciation
-20.36%
Original Mortgage
$19,500,000
Outstanding Balance
$16,759,089
Interest Rate
3.65%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
-$10,003,089

Purchase Details

Closed on
Sep 12, 2014
Sold by
Schar Dwight C and Dwight C Schar Revocable Trust
Bought by
Casa Apava Lot 3 Llc

Purchase Details

Closed on
Dec 15, 2005
Sold by
1001 Investments Inc
Bought by
Sklorman Sheri and 1300 South Ocean Boulevard Revocable Tr

Purchase Details

Closed on
Sep 9, 1994
Sold by
Burrows Michael C
Bought by
1001 Inv Inc

Purchase Details

Closed on
Apr 8, 1994
Sold by
Palm Bch Est Corp
Bought by
Burrows Michael C

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
7.26%
Source: Public Records

Range of Values:

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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
Lieber Esq Oren D $32,495,925 Attorney
Casa Apava Lot 3 Llc $13,440,000 Attorney
Sklorman Sheri $10,900,000 --
1001 Inv Inc $2,730,000 --
Burrows Michael C $1,700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lieber Oren D $19,500,000
Previous Owner Casa Apava Lot 3 Llc $6,900,000
Previous Owner Sklorman Sheri $63,000,000
Previous Owner Burrows Michael C $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2018 07/11/18 Sold $32,495,925 0.0% $2,262 / Sq Ft
06/05/2018 06/05/18 Pending -- -- --
11/18/2016 11/18/16 For Sale $32,495,925 -- $2,262 / Sq Ft
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 $822,808 $55,160,586 -- --
2023 $806,266 $53,553,967 $0 $0
2022 $807,905 $51,994,143 $0 $0
2021 $821,518 $50,479,750 $0 $0
2020 $411,859 $24,833,991 $13,560,000 $11,273,991
2019 $456,372 $26,960,919 $13,080,000 $13,880,919
2018 $442,321 $26,962,002 $12,168,930 $14,793,072
2017 $449,105 $26,511,693 $12,809,400 $13,702,293
2016 $210,089 $11,777,407 $0 $0
2015 $191,811 $10,706,734 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lawrence A Moens

    Lawrence A. Moens Associates, Inc.

    (561) 655-5510

    125 Total Sales

    Lawrence A Moens
    Section Image
  • Dana Koch

    Buyer's Agent in 2018

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    235 Total Sales

    Dana Koch
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 16-2519

APN: 50-43-44-02-11-000-0030

Florida Palm Beach County Palm Beach 33480

1340 S Ocean Blvd, Palm Beach, FL

This home is located at 1340 S Ocean Blvd, Palm Beach, FL 33480 since 18 November 2016 and is currently estimated at $6,757,000, approximately $470 per square foot. This property was built in 2016. 1340 S Ocean Blvd is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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