NOT LISTED FOR SALE

1473 N Ocean Blvd Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $7,896,000 - $69,856,244

8 Beds
14 Baths
11,027 Sq Ft
$3,526/Sq Ft Est. Value

Last Sold March 27, 2018

Last sale price $39,376,200 $3,571 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $265,261/month

37 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • 88,862 Sq Ft lot
  • Palm Beach Public School Rated A-
  • Heated Pool
  • Marble Flooring

About This Home

As of March 2018

Along perhaps the most beautiful stretch of shoreline in Palm Beach, this serene and secluded compound enjoys 2.04 gated acres with 156' of frontage on the Atlantic Ocean. The estate includes an impressive main residence, a private four-bedroom guesthouse and an inviting swimming pool with a delightful cabana. Outside, native flora gives way to manicured gardens and an expanse of lush oceanfront lawn. Throughout the public spaces of the main residence--which include a living room, a formal dining room, a media room and a chef's kitchen--ceilings are voluminous, light is plentiful, and views of the ocean are direct and alluring. The kitchen is impeccably outfitted with white lacquer cabinetry, an island, two Wolf ovens, two cooktops, and a Sub-Zero refrigerator-freezer.

Last Agent to Sell the Property

Cris Condon

Sotheby's Intl. Realty, Inc. License #392210 Listed on: 01/18/2018

Sotheby's Intl. Realty, Inc.

Co-Listed By

Todd Peter

Sotheby's Intl. Realty, Inc. License #3049697

Last Buyer's Agent

Christian Angle

Christian Angle Real Estate License #703536

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $510,388

Year Built

  • Built in 1960

Lot Details

  • 2.04 Acre Lot
  • Ocean Front
  • West Facing Home
  • Property is zoned RD-1

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Concrete Roof

Interior Spaces

  • 11,027 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Built-In Features
  • High Ceiling
  • Skylights
  • Decorative Fireplace
  • French Doors
  • Entrance Foyer
  • Formal Dining Room
  • Home Theater
  • Den
  • Sun or Florida Room
  • Ocean Views

Kitchen

  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Closed Circuit Camera
  • Impact Glass

Outdoor Features

  • Heated Pool
  • Patio
  • Outdoor Grill

Utilities

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

Community Details

  • Manana Ests Pl No 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434234040000010

Home Details

Home Type

Single Family

Est. Annual Taxes

$510,388

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Call agent for directions.
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Elevator, French Door(s)/Atrium Door(s), Fireplace, High Ceilings, Skylights, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 11
  • Half Bathrooms: 3
  • Total Bedrooms: 8
  • Door Features: French Doors
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Marble, Other, Wood
  • Living Area: 11027.0
  • Dining Room Type: Den, Florida Room, Laundry, Media Room, Storage Room
  • Stories: 2
  • Window Features: Impact Glass, Skylight(s)

Exterior Features

  • Exterior Features: Outdoor Grill, Patio
  • View: Ocean
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: West
  • Patio And Porch Features: Patio
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Closed Circuit Camera(s), Security Gate
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434234040000010
  • Lot Size Sq Ft: 88862.0
  • Zoning Description: RD-1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 510388.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2018
Closed on
Mar 26, 2018
Sold by
Endigan Llc
Bought by
Powers William C
Seller's Agent
Cris Condon
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$49,500,000
Sold Price
$39,376,200
Premium/Discount to List
-$10,123,800
-20.45%
Total Days on Market
37
Current Estimated Value
$38,876,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$500,078
Avg. Annual Appreciation
-0.18%
Original Mortgage
$25,000,000
Outstanding Balance
$21,261,160
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$17,614,962

Purchase Details

Closed on
Jul 27, 2012
Sold by
Gaines Stanley N and Gaines Gay Hart
Bought by
Endigan Llc

Purchase Details

Closed on
Oct 29, 2009
Sold by
Hart Gaines Stanley N and Hart Gaines Gay
Bought by
Noble Causeway Llc

Purchase Details

Closed on
May 2, 2005
Sold by
Hart Gaines Gay and Gaines Stanley N
Bought by
Gaines Stanley N

Purchase Details

Closed on
Mar 31, 2000
Sold by
Gay H Gaines Tr
Bought by
Cowell Casey

Purchase Details

Closed on
May 5, 1998
Sold by
Gertrude G Maxwell Tr
Bought by
Gaines Gay H

Purchase Details

Closed on
Apr 29, 1997
Sold by
Incj Casa De Bella Tierra
Bought by
Suntrust Bank
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 Buyer Sale Price Title Company
Powers William C $39,376,200 Attorney
Endigan Llc $41,500,000 Attorney
Noble Causeway Llc $1,350,000 Attorney
Gaines Stanley N -- Attorney
Gaines Stanley N -- --
Cowell Casey $4,000,000 --
Gaines Gay H $6,500,000 --
Suntrust Bank $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Powers William C $25,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2018 03/27/18 Sold $39,376,200 -20.5% $3,571 / Sq Ft
02/25/2018 02/25/18 Pending -- -- --
01/18/2018 01/18/18 For Sale $49,500,000 -- $4,489 / 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 $564,375 $37,781,593 -- --
2023 $552,961 $36,681,158 $0 $0
2022 $554,074 $35,612,775 $0 $0
2021 $563,470 $34,575,510 $0 $0
2020 $564,834 $34,098,136 $29,870,000 $4,228,136
2019 $568,386 $33,600,526 $29,000,000 $4,600,526
2018 $518,530 $32,772,059 $28,705,176 $4,066,883
2017 $470,242 $28,049,163 $23,920,980 $4,128,183
2016 $510,388 $29,653,799 $0 $0
2015 $521,815 $28,676,935 $0 $0
2014 $473,413 $26,069,941 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Cris Condon

    Sotheby's Intl. Realty, Inc.

    (561) 301-2211

    3 in this area

    16 Total Sales

    Cris Condon
    Section Image

  • T

    Seller Co-Listing Agent in 2018

    Todd Peter

    Sotheby's Intl. Realty, Inc.

    (561) 659-3555

    15 in this area

    73 Total Sales

    Todd Peter
    Section Image
  • Christian Angle

    Buyer's Agent in 2018

    Christian Angle

    Christian Angle Real Estate

    (561) 629-3015

    89 in this area

    222 Total Sales

    Christian Angle
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10397695

BeachesMLS

APN: 50-43-42-34-04-000-0010

Florida Palm Beach County Palm Beach 33480 North End

1473 N Ocean Blvd, Palm Beach, FL

This home is located at 1473 N Ocean Blvd, Palm Beach, FL 33480 since 18 January 2018 and is currently estimated at $38,876,122, approximately $3,525 per square foot. This property was built in 1960. 1473 N Ocean Blvd 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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