NOT LISTED FOR SALE

Estimated Value: $7,543,000 - $68,370,676

8 Beds
14 Baths
11,027 Sq Ft
$3,442/Sq Ft Est. Value

Sale Details

Date Sold: March 27, 2018

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

Est. 4% decrease in value since last sale

Current estimated payment $249,658 / mo

27 Days on Market

Highlights

  • Ocean View
  • Cabana
  • Waterfront
  • Palm Beach Public School Rated A-
  • Gated Community
  • 2.04 Acre Lot

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. A relaxing loggia with a fireplace faces west. A second loggia leads to the master suite, secluded beneath a roof of its own. A true oasis, it boasts his and her offices, baths, and walk-in closets; a gym with a wet bar; and a kitchenette. The master suite's private loggia looks out toward the ocean. The poolside cabana offers a living and dining area with a fireplace and a convenient half bath. An additional guest suite with private access and a full bathroom is nearby. On the secluded lower level are a media room, wine cellar, storage and office space, a laundry room and a garage. Nearby, the private guesthouse offers a living and dining area on the first level, and on the second, four bedrooms with en suite baths, a living room, and a kitchen with a calming coral palette. Beyond the estate's lawn and a boundary of mature palms, paths wind through beautiful expanses of sand dunes toward the beach and the majestic ocean beyond.

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
  • Waterfront
  • West Facing Home
  • Property is zoned RD-1

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Tile Roof
  • 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
  • Storage
  • Ocean Views

Kitchen

  • Gas Range
  • Microwave
  • Free-Standing Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Dual Sinks
  • Soaking Tub

Laundry

  • Dryer
  • Washer

Home Security

  • Closed Circuit Camera
  • Fire and Smoke Detector

Pool

  • Cabana
  • Heated In Ground Pool

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Living Area
  • Built-In Barbecue

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434234040000010

Community Details

Overview

  • No Home Owners Association
  • Manana Ests Pl No 2 Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$510,388

Year Built

Built in 1960

Lot Details

2.04 Acres

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
  • Architectural Style: Other
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Bathtub, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Elevator, High Ceilings, Multiple En Suite Bathrooms, Storage, Soaking Tub, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Free-Standing Freezer, 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
  • Stories: 2
  • Window Features: Skylight(s)

Exterior Features

  • Exterior Features: Built-in Barbecue, Barbecue, Outdoor Living Area
  • View: Ocean
  • Lot Features: 2-3 Acres
  • Pool Features: Heated, In Ground
  • Pool Private: Yes
  • View: Yes
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: West
  • Other Structures: Cabana
  • Patio And Porch Features: Covered, Patio
  • Property Condition: Resale
  • Roof: Concrete, Tile

Garage/Parking

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

Utilities

  • Laundry Features: Inside
  • Security: Closed Circuit Camera(s), Fire Alarm, Gated Community
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Senior Community: No
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434234040000010
  • Lot Size Acres: 2.04
  • Lot Size Sq Ft: 88862.4
  • Mobile Dim Units: Feet
  • Zoning: RD-1

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%
Current Estimated Value
$37,956,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,419,362
Avg. Annual Appreciation
-0.45%

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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

Property History

Date Event Price List to Sale Price per Sq Ft
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 (Greater Fort Lauderdale)

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 $564,375 $38,877,259 -- --
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

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10397695

BeachesMLS (Greater Fort Lauderdale)

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

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