$8,200,000
SOLD JUL 1, 2024

1554 N Ocean Way Palm Beach, FL 33480

North End Neighborhood
4 Beds
3.5 Baths
3,113 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$2,634 Per Sq Ft

8% Below List Price

Highlights

  • Heated Pool
  • Wood Flooring
  • Formal Dining Room
  • Palm Beach Public School Rated A-
  • Den
  • Circular Driveway

About This Home

As of July 2024

This wonderful 4 Bed/3.5 Bath beach home is steps to the best beach in town. This family home sits in the quietest part of the far North End with direct beach access.

Last Agent to Sell the Property

Linda R Olsson

Linda R. Olsson, Inc. License #432027 Listed on: 05/28/2024

Last Buyer's Agent

Linda R Olsson

Linda R. Olsson, Inc. License #432027 Listed on: 05/28/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $71,802

Year Built

  • Built in 1958

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 71x122
  • Sprinkler System
  • Property is zoned 50R-B

Parking

  • 1 Car Garage
  • Circular Driveway

Home Design

  • Concrete Roof

Interior Spaces

  • 3,113 Sq Ft Home
  • 1-Story Property
  • Casement Windows
  • Family Room
  • Formal Dining Room
  • Den
  • Impact Glass
  • Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Heated Pool
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Tropic Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434234020000260

Home Details

Home Type

Single Family

Est. Annual Taxes

$71,802

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Year Built: 1958
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Carpet, Wood
  • Living Area: 3113.0
  • Dining Room Type: Den, Family Room
  • Stories: 1
  • Window Features: Casement Window(s), Impact Glass

Exterior Features

  • Exterior Features: Balcony
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434234020000260
  • Lot Size: 71x122
  • Lot Size Sq Ft: 9583.0
  • Zoning Description: 50R-B
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 71802.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Jul 1, 2024
Sold by
Frank Quinn Stepan 2010 Trust and Stepan Frank Quinn
Bought by
1554 N Ocean Way Llc
Seller's Agent
Linda R Olsson
Linda R. Olsson, Inc.
Buyer's Agent
Linda R Olsson
Linda R. Olsson, Inc.
List Price
$8,950,000
Sold Price
$8,200,000
Premium/Discount to List
-$750,000
-8.38%
Total Days on Market
0
Views
3
Current Estimated Value
$8,570,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,745
Avg. Annual Appreciation
4.87%

Purchase Details

Closed on
May 10, 2022
Sold by
Quinn Stepan Frank
Bought by
Frank Quinn Stepan 2010 Trust
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 Type Sale Price Title Company
Warranty Deed $8,200,000 None Listed On Document
Warranty Deed -- Mayer Brown Llp
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $8,200,000 -8.4% $2,634 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $8,950,000 -- $2,875 / 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 $74,370 $4,338,602 -- --
2023 $71,802 $3,944,184 $0 $0
2022 $63,654 $3,585,622 $0 $0
2021 $53,144 $3,270,919 $2,122,986 $1,147,933
2020 $49,429 $3,017,442 $1,972,729 $1,044,713
2019 $47,768 $3,003,209 $1,793,390 $1,209,819
2018 $42,914 $2,879,210 $1,793,390 $1,085,820
2017 $38,664 $2,434,282 $1,760,082 $674,200
2016 $37,872 $2,023,990 $0 $0
2015 $35,925 $1,839,991 $0 $0
2014 $32,465 $1,672,719 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda R Olsson

    Seller's Agent in 2024

    Linda R Olsson

    Linda R. Olsson, Inc.

    (561) 820-9195

    22 in this area

    93 Total Sales

    Linda R Olsson
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10990984

BeachesMLS

APN: 50-43-42-34-02-000-0260

Florida Palm Beach County Palm Beach 33480 North End

1554 N Ocean Way, Palm Beach, FL

This home is located at 1554 N Ocean Way, Palm Beach, FL 33480 and is currently priced at $8,200,000, approximately $2,634 per square foot. This property was built in 1958. 1554 N Ocean Way 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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