NOT LISTED FOR SALE

1485 S Ocean Blvd Palm Beach, FL 33480

Estimated Value: $39,454,736

7 Beds
11 Baths
15,398 Sq Ft
$2,562/Sq Ft Est. Value

Last Sold June 14, 2018

Last sale price $41,257,000 $2,679 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $307,655/month

952 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Private Pool
  • Recreation Room
  • Palm Beach Public School Rated A-
  • Garage Apartment
  • Roman Tub

About This Home

As of June 2018

One of a kind Venetian palazzo, Jeffery W. Smith designed, 2+ acres, 300' +/- of direct Intracoastal. Rooms are of unparalleled scale and proportions, highlighting expansive water views throughout the estate. Built in 2000, Villa Venezia incorporates a sophisticated combination of Old World elegance and modern amenities in the 20,000 +/- square feet of interior and exterior living.

Last Listed By

Christian Angle

Christian Angle Real Estate License #703536 Listed on: 10/05/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $288,648

Year Built

  • Built in 2000

Lot Details

  • Property fronts an intracoastal waterway
  • East Facing Home
  • Irregular Lot
  • Property is zoned RA

Parking

  • 3 Car Attached Garage
  • Garage Apartment
  • Driveway

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 15,398 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Built-In Features
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • Recreation Room
  • Intracoastal Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • Roman Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Security Gate

Outdoor Features

  • Private Pool
  • Balcony
  • Open Patio
  • Wrap Around Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Phone Entry

Listing and Financial Details

  • Assessor Parcel Number 50434402000020010

Home Details

Home Type

Single Family

Est. Annual Taxes

$288,648

Year Built

Built in 2000

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Billionaire's Row
  • Year Built: 2000
  • Architectural Style: Mediterranean
  • Special Features: None

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Elevator, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, Kitchen Island, Pantry, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Full Bathrooms: 9
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Marble, Other, Tile
  • Living Area: 15398.0
  • Dining Room Type: Den, Garage Apartment, Laundry, Recreation, Storage Room
  • Stories: 2

Exterior Features

  • Exterior Features: Balcony, Porch, Patio
  • View: Intercoastal
  • Lot Features: Irregular Lot
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: East
  • Other Structures: Garage Apartment
  • Patio And Porch Features: Balcony, Open, Patio, Wrap Around

Garage/Parking

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

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System, Security Gate, Phone Entry
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 50434402000020010
  • Zoning Description: RA

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 288648.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2015
Closed on
Jun 14, 2018
Sold by
Martinez Roman and Estate Of Damon Mezzacappa
Bought by
Dean Thompson
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$67,500,000
Sold Price
$41,257,000
Premium/Discount to List
-$26,243,000
-38.88%
Total Days on Market
952
Current Estimated Value
$39,454,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,802,264
Avg. Annual Appreciation
-0.36%
Original Mortgage
$20,000,000
Outstanding Balance
$17,305,533
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$22,930,371

Purchase Details

Listed on
Oct 5, 2015
Closed on
Jun 4, 2018
Sold by
Mezzacappa Benjamin Frederick
Bought by
Dean Thompson
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$67,500,000
Sold Price
$41,257,000
Premium/Discount to List
-$26,243,000
-38.88%

Purchase Details

Listed on
Oct 5, 2015
Closed on
Jun 3, 2018
Sold by
Mezzacappa Jonathan Anthony
Bought by
Dean Thompson
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$67,500,000
Sold Price
$41,257,000
Premium/Discount to List
-$26,243,000
-38.88%

Purchase Details

Listed on
Oct 5, 2015
Closed on
Jun 2, 2018
Sold by
Mezzacappa Jessica
Bought by
Dean Thompson
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$67,500,000
Sold Price
$41,257,000
Premium/Discount to List
-$26,243,000
-38.88%

Purchase Details

Closed on
Dec 12, 2002
Sold by
Mezzacappa Damon and Mezzacappa Elizabeth
Bought by
Mezzacappa Elizabeth

Purchase Details

Closed on
Dec 24, 1997
Sold by
U S Trust Company Of Florida
Bought by
Mezzacappa Damon

Purchase Details

Closed on
Apr 4, 1996
Sold by
P S Addison Development Corp
Bought by
Us Trust Co Of Floirda Savings Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 1993
Sold by
A C Dev Inc
Bought by
P S Addison Dev Corp

Range of Values:

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Average Value
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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
Dean Thompson $41,257,000 Attorney
Dean Thompson -- Attorney
Dean Thompson -- Attorney
Dean Thompson -- Attorney
Mezzacappa Elizabeth -- --
Mezzacappa Damon $100 --
Us Trust Co Of Floirda Savings Bank $4,000,000 --
P S Addison Dev Corp $2,750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Dean $20,000,000
Previous Owner Us Trust Co Of Floirda Savings Bank $3,000,000
Previous Owner Us Trust Co Of Floirda Savings Bank $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2018 06/14/18 Sold $41,257,000 -38.9% $2,679 / Sq Ft
05/15/2018 05/15/18 Pending -- -- --
10/05/2015 10/05/15 For Sale $67,500,000 -- $4,384 / 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 $1,041,730 $69,878,874 -- --
2023 $1,020,828 $67,843,567 $51,329,005 $16,514,562
2022 $1,032,097 $66,459,933 $0 $0
2021 $708,969 $57,347,023 $43,773,015 $13,574,008
2020 $502,716 $30,288,141 $19,492,500 $10,795,641
2019 $542,213 $32,003,037 $18,802,500 $13,200,537
2018 $441,501 $26,896,319 $17,296,413 $9,599,906
2017 $454,958 $27,127,233 $18,206,750 $8,920,483
2016 $468,636 $27,236,265 $0 $0
2015 $287,257 $16,064,960 $0 $0
2014 $288,648 $15,937,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christian Angle

    Seller's Agent in 2018

    Christian Angle

    Christian Angle Real Estate

    (561) 629-3015

    223 Total Sales

    Christian Angle
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10173137

BeachesMLS

APN: 50-43-44-02-00-002-0010

Florida Palm Beach County Palm Beach 33480

1485 S Ocean Blvd, Palm Beach, FL

Homes for Sale in Palm Beach, FL

This home is located at 1485 S Ocean Blvd, Palm Beach, FL 33480 since 05 October 2015 and is currently priced at $39,454,736, approximately $2,562 per square foot. This property was built in 2000. 1485 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.

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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