$8,500,000
SOLD AUG 29, 2014
6 Beds
7 Baths
8,330 Sq Ft
0.45 Acres

Recently Sold

$1,020 Per Sq Ft

455 Days on Market

Highlights

  • Property has ocean access
  • Guest House
  • Home Theater
  • Palm Beach Public School Rated A-
  • Wine Room
  • Cabana

About This Home

As of August 2014

New construction on lg.lot in ocean block on the south side. Built with the highest quality materials. Impact wood doors and windows. Pure white Limestone floors throught the entire home. Master suite with den on the first floor. 4 guest bedrms upstairs with baths and laundry. Large family room. Exercise gym w ba overlooking the pool and spa. Full outdoor kit w barbq, sink, bar and fireplace.

Last Agent to Sell the Property

Kim Raich

Sotheby's International Realty, Inc. License #0536911 Listed on: 03/25/2013

Sotheby's International Realty, Inc.

Last Buyer's Agent

KIM RAICH

Linda A. Gary Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $116,042

Year Built

  • Built in 2009 | Newly Remodeled

Lot Details

  • Waterfront
  • Home has sun exposure from multiple directions
  • Sprinkler System
  • Property is zoned RB

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Tile Roof
  • "S" Clay Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,330 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Sound System
  • Ceiling Fan
  • Fireplace
  • Casement Windows
  • Wine Room
  • Dining Room
  • Home Theater
  • Library
  • Utility Room
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Double Convection Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal
  • Instant Hot Water

Flooring

  • Stone
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms
  • Bidet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Garage Apartment

Pool

  • Cabana
  • Pool and Spa
  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Balcony
  • Patio
  • Lanai
  • Attached Grill

Additional Homes

  • Guest House

Utilities

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

Community Details

  • No Home Owners Association
  • Adams Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434314070000690

Home Details

Home Type

Single Family

Est. Annual Taxes

$116,042

Year Built

Built in 2009 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 100
  • Subdivision Name: Adams Addition
  • Architectural Style: Mediterranean, Two Story
  • Year Built: 2009
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 116041.63
  • Location Tax Legal:Tax Year2: 2012
  • General Property Description:Living Area: 8330.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 100
  • Pool:Heated - Gas: Yes
  • Floors:Marble: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Exposure:East: Yes
  • Roof:Barrel Tile: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Style:Mediterranean: Yes
  • Roof:Clay Tile: Yes
  • Floors:StoneBrick: Yes
  • Windows:Casement: Yes
  • Exposure:West: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Instant Hot Water, Range-Gas, Oven-Double, Oven-Convection, Microwave, Washer, Dryer, Central Vac System
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Flooring: Marble, Stone/Brick, Other Flooring
  • Interior Amenities: Bidet, Cable, Ceiling Fan, Fireplace, Intercom, Sound System, Smoke Detectors, Wet Bar, Wine Rm/Temp-Control, Wndw Trmnts Included, Pantry
  • Living Area: 8330.0
  • Window Features: Casement, Impact Glass-Full
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:Oven-Convection: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: Yes
  • Other Rooms:Dining Area: Yes
  • Interior Features:Bidet: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Appliances:Central Vac System: Yes
  • Interior Features:Sound System: Yes
  • Other Rooms:Media Room: Yes
  • Appliances:Instant Hot Water: Yes
  • Interior Features:Intercom: Yes
  • Interior Features:Wine RmTemp-Control: Yes
  • Other Rooms:Exercise Room: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Fresh Water, Heated - Gas, Spa
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco, New Construction
  • Exterior Features: Balcony, Patio/Lanai, Cabana, Ocean Access-No Deed, Built-in Grill, Sprinkler System, Guesthouse/Cottage
  • Roof: Barrel, Clay Tile
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Pool/Spa: Yes
  • Exterior Features:Built-in Grill: Yes
  • Exterior Features:Cabana: Yes
  • Exterior Features:GuesthouseCottage: Yes
  • Exterior Features:Ocean Access-No Deed: Yes
  • Construction:New Construction: Yes

Garage/Parking

  • Parking Features: 2 Car
  • Garage:_two_ Car: Yes
  • Other Rooms:Garage Apartment: Yes

Utilities

  • Security: Security System, Other Security
  • Heating: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Parcel #: 50434314070000690
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 116041.63
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2013
Closed on
Aug 14, 2014
Sold by
Johnston Jay A
Bought by
Taselaar Pieter and Taselaar Nina
Seller's Agent
Kim Raich
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Kim Raich
Sotheby's Intl. Realty, Inc.
List Price
$9,975,000
Sold Price
$8,500,000
Premium/Discount to List
-$1,475,000
-14.79%
Total Days on Market
455
Current Estimated Value
$13,532,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,032,188
Avg. Annual Appreciation
4.42%

Purchase Details

Closed on
Oct 28, 2013
Sold by
Johnston Jay A and Johnston Kirsten
Bought by
Johnston Jay A

Purchase Details

Closed on
Jul 28, 2005
Sold by
Hajduk Gertrude
Bought by
Johnston Jay A and Johnston Kirsten

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.37%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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 $8,500,000 Attorney
Interfamily Deed Transfer $1,500,000 Attorney
Warranty Deed $5,150,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $7,425,000 Adjustable Rate Mortgage/ARM
Previous Owner $3,000,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2014 08/29/14 Sold $8,500,000 0.0% $1,020 / Sq Ft
08/29/2014 08/29/14 Sold $8,500,000 -14.8% $1,020 / Sq Ft
07/30/2014 07/30/14 Pending -- -- --
06/23/2014 06/23/14 Pending -- -- --
12/27/2013 12/27/13 For Sale $9,975,000 +17.4% $1,197 / Sq Ft
03/25/2013 03/25/13 For Sale $8,500,000 -- $1,020 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $114,600 $7,648,985 -- --
2023 $112,219 $7,426,199 $0 $0
2022 $112,424 $7,209,902 $0 $0
2021 $114,368 $6,999,905 $0 $0
2020 $114,624 $6,903,259 $4,043,501 $2,859,758
2019 $115,242 $6,797,156 $3,931,181 $2,865,975
2018 $120,563 $7,350,468 $0 $0
2017 $120,648 $7,199,283 $0 $0
2016 $120,768 $7,051,208 $0 $0
2015 $124,906 $7,002,193 $0 $0
2014 $114,124 $6,279,576 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 13-742

APN: 50-43-43-14-07-000-0690