NOT LISTED FOR SALE

Palm Beach, FL 33480

Estimated Value: $5,760,000 - $14,461,457

5 Beds
6.5 Baths
6,318 Sq Ft
$1,600/Sq Ft Est. Value

Last Sold January 03, 2017

Last sale price $7,650,000 $1,211 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $60,299/month

244 Days on Market

Highlights

  • Heated Pool
  • Marble Flooring
  • Separate Shower in Primary Bathroom
  • Palm Beach Public School Rated A-
  • No HOA
  • Closet Cabinetry

About This Home

As of January 2017

Experience the epitome of luxurious in-town living. Located on the Ocean block of Peruvian Avenue, this home, originally built in 1997, was totally renovated and reconfigured in 2011. A soaring two story entry welcomes you to marble covered floors that glisten from the natural light beaming through impact windows and French doors. A large gourmet kitchen, loaded with every amenity available, awaits a large gathering of family and friends. The wrought iron spiral staircase winds its way from the foyer to the second floor where you will find a massive master suite complete with his and her closets and a fabulous master bath, a library with custom built bookcases and a wet bar, 2 additional bedrooms with en suite baths, and a large open balcony overlooking the lushly landscaped grounds. loaded with every amenity available, awaits a large gathering of family and A downstairs guest suite keeps guests close to the action and has French doors opening to the beautiful and extremely private heated pool. Or if more privacy is desired, your guests can retire to a large 1 bedroom, 1 bath apartment with an office above the 4 car garage. Enjoy all that this home has to offer and Palm Beach has to offer in this unique location just 1 block north of Worth Avenue.

Last Agent to Sell the Property

STEPHEN SIMPSON

William Raveis Real Estate License #3085739 Listed on: 02/19/2016

William Raveis Real Estate

Last Buyer's Agent

Non-Member

Non-Member Selling Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $65,917

Year Built

  • Built in 1997

Lot Details

  • Lot Dimensions are 100x125
  • South Facing Home
  • Sprinkler System

Parking

  • 4 Car Garage
  • Garage Door Opener

Interior Spaces

  • 6,318 Sq Ft Home
  • 2-Story Property
  • Custom Mirrors
  • French Doors
  • Marble Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Closet Cabinetry
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Heated Pool
  • Open Patio

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 50434323050090480

Community Details

Overview

  • No Home Owners Association
  • Royal Park Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$65,917

Year Built

Built in 1997

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Call listing agent
  • Year Built: 1997
  • Architectural Style: Traditional
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Bathtub, Closet Cabinetry, Dual Sinks, French Door(s)/Atrium Door(s), Custom Mirrors, Sitting Area in Primary, Soaking Tub, Separate Shower, Upper Level Primary
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Free-Standing Freezer, Disposal, Ice Maker, Oven, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Entry Location: Entry Level Living Area Y
  • Flooring: Marble
  • Living Area: 6318.0
  • Stories: 2

Exterior Features

  • Exterior Features: Lighting, Outdoor Living Area
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Association
  • Pool Private: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Concrete
  • Direction Faces: South
  • Patio And Porch Features: Open
  • Property Condition: Resale

Garage/Parking

  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Garage, Garage Door Opener

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Laundry Tub
  • Security: Smoke Detector(s)
  • Cooling: Zoned
  • Cooling Y N: Yes
  • Heating: Zoned
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community Features: Street Lights
  • Senior Community: No
  • Amenities: Pool, Sidewalks
  • Association: No

Lot Info

  • Parcel #: 50434323050090480
  • Lot Size: 100x125
  • Mobile Dim Units: Feet
  • Zoning: RC

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 65917.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2016
Closed on
Jan 3, 2017
Sold by
Raymond Beverlee Miller
Bought by
Sullivan Melissa
Seller's Agent
STEPHEN SIMPSON
William Raveis Real Estate
Buyer's Agent
Non-Member
Non-Member Selling Office
List Price
$8,950,000
Sold Price
$7,650,000
Premium/Discount to List
-$1,300,000
-14.53%
Current Estimated Value
$10,110,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,460,729
Avg. Annual Appreciation
3.14%
Original Mortgage
$500,000
Outstanding Balance
$393,105
Interest Rate
2.95%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$9,717,624

Purchase Details

Closed on
Mar 23, 2016
Sold by
Slocum Michael J
Bought by
Miller Beverlee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
3.73%

Purchase Details

Listed on
Jan 12, 2012
Closed on
May 30, 2013
Sold by
Ulrich Axel
Bought by
Raymond Beverlee Miller
Seller's Agent
Toni Hollis
The Corcoran Group
Buyer's Agent
STEPHEN SIMPSON
William Raveis Real Estate
List Price
$6,495,000
Sold Price
$4,550,000
Premium/Discount to List
-$1,945,000
-29.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%

Purchase Details

Closed on
Sep 16, 2010
Sold by
Grant Richard H and Slingluff Gail G
Bought by
Ulrich Axel

Purchase Details

Closed on
May 24, 1996
Sold by
Roddy Eleanore F
Bought by
Grant Richard H and Grant Helen K

Purchase Details

Closed on
Mar 24, 1994
Sold by
Roddy Eleonore F and Roddy Edward U
Bought by
Roddy Eleonore F
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Sullivan Melissa $7,650,000 Attorney
Miller Beverlee -- --
Raymond Beverlee Miller $4,550,000 Attorney
Ulrich Axel $2,601,110 Attorney
Grant Richard H $650,000 --
Roddy Eleonore F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullivan Melissa $500,000
Previous Owner Roddy Eleonore F $1,700,000
Previous Owner Roddy Eleonore F --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/03/2017 01/03/17 Sold $7,650,000 -14.5% $1,211 / Sq Ft
12/04/2016 12/04/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $8,950,000 +96.7% $1,417 / Sq Ft
05/31/2013 05/31/13 Sold $4,550,000 -29.9% $539 / Sq Ft View Prior Sale
05/01/2013 05/01/13 Pending -- -- --
01/16/2012 01/16/12 For Sale $6,495,000 -- $769 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $95,427 $6,577,252 -- --
2024 $95,427 $6,391,887 -- --
2023 $93,461 $6,205,716 $0 $0
2022 $93,626 $6,024,967 $0 $0
2021 $95,214 $5,849,483 $0 $0
2020 $95,433 $5,768,721 $0 $0
2019 $95,261 $5,639,023 $3,230,000 $2,409,023
2018 $92,881 $5,681,171 $0 $0
2017 $81,007 $4,807,497 $3,070,111 $1,737,386
2016 $63,738 $3,734,092 $0 $0
2015 $65,917 $3,708,135 $0 $0
2014 $66,236 $3,678,705 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    STEPHEN SIMPSON

    William Raveis Real Estate

    (561) 262-6263

    40 Total Sales

    STEPHEN SIMPSON
    Section Image

  • N

    Buyer's Agent in 2017

    Non-Member

    Non-Member Selling Office

  • T

    Seller's Agent in 2013

    Toni Hollis

    The Corcoran Group

    (561) 655-6570

    22 Total Sales

    Toni Hollis
    Section Image
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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10209626

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-23-05-009-0480

Florida Palm Beach County Palm Beach

33480

Not Listed for Sale

Detached

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