162 Palmetto Ln West Palm Beach, FL 33405
South End Neighborhood
4
Beds
4
Baths
5,483
Sq Ft
0.4
Acres
Highlights
- Home Theater
- Waterfront
- Mediterranean Architecture
- Outdoor Pool
- Wood Flooring
- Lanai
About This Home
As of October 2022One of the great homes in West Palm Beach. Once home to the Orchid Society, this authentic 1918 Mediterranean home on a 17,424 square foot lot, was renovated, expanded and restored in 2006 by renowned Boston designers Bierly Drake. With over 5,483 square feet of living space, the house features 4 bedrooms, 4 full baths and 2 half baths, a formal foyer, living room, dining room, study and a true family room. A 1,000 square foot loggia with an outdoor kitchen, living room and dining room, overlooks the infinity edge pool and makes this home the perfect space for indoor/outdoor entertaining.
There is still plenty of room for expansion. Exquisite Moroccan and Moorish fixtures and tiles compliment so many of the original, historic details that remain today.
If this house were on Clarke Avenue, it would cost $12,000,000. Don’t miss this unique opportunity.
Last Agent to Sell the Property
BURTON MINKOFF
The Corcoran Group Listed on: 02/19/2014
Last Buyer's Agent
BURTON MINKOFF
MCCANN COYNER CLARKE
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,313
Year Built
- Built in 1918
Lot Details
- Waterfront
- Sprinkler System
Home Design
- Mediterranean Architecture
- Tile Roof
- Tar and Gravel Roof
- Fiber Cement Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 5,483 Sq Ft Home
- Sound System
- Fireplace
- Dining Area
- Home Theater
- Library
Kitchen
- Eat-In Kitchen
- Single Convection Oven
- Gas Range
- Freezer
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Disposal
- Instant Hot Water
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Parking
- 2 Car Attached Garage
- Garage Door Opener
Outdoor Features
- Outdoor Pool
- Patio
- Lanai
- Attached Grill
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
- Orchid Lane Subdivision
Listing and Financial Details
- Assessor Parcel Number 74434403220000100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2022
Closed on
Oct 17, 2022
Sold by
Leidy Robert P and Ivey Day
Bought by
Dunne Michael Hammond and Dunne Patricia Eileen
Seller's Agent
Liza Pulitzer
Brown Harris Stevens of PB
Buyer's Agent
Brooke Murphy
Compass Florida LLC (PB)
List Price
$12,250,000
Sold Price
$8,683,675
Premium/Discount to List
-$3,566,325
-29.11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$478,386
Avg. Annual Appreciation
-2.81%
Original Mortgage
$5,500,000
Outstanding Balance
$4,853,666
Interest Rate
5.21%
Mortgage Type
New Conventional
Estimated Equity
$3,164,239
Purchase Details
Listed on
Feb 19, 2014
Closed on
Jun 25, 2014
Sold by
Golov Manuel and Golov Karen
Bought by
Leidy Robert P
Seller's Agent
BURTON MINKOFF
The Corcoran Group
Buyer's Agent
BURTON MINKOFF
MCCANN COYNER CLARKE
List Price
$2,388,000
Sold Price
$2,388,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.79%
Purchase Details
Closed on
May 21, 2004
Sold by
Orchid Estates West Palm Beach Lp
Bought by
Golov Manuel and Golov Karen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,347,300
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Similar Homes in West Palm Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $8,683,675 | -- | |
| Warranty Deed | $2,388,000 | Automated Land Title Co | |
| Special Warranty Deed | $1,275,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,500,000 | New Conventional | |
| Previous Owner | $2,460,000 | New Conventional | |
| Previous Owner | $1,705,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $765,000 | New Conventional | |
| Previous Owner | $349,990 | Unknown | |
| Previous Owner | $1,490,000 | Unknown | |
| Previous Owner | $150,000 | Stand Alone Second | |
| Previous Owner | $475,000 | Credit Line Revolving | |
| Previous Owner | $1,347,300 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/17/2022 10/17/22 | Sold | $8,683,675 | -29.1% | $1,584 / Sq Ft |
| 09/19/2022 09/19/22 | Pending | -- | -- | -- |
| 05/02/2022 05/02/22 | For Sale | $12,250,000 | +413.0% | $2,234 / Sq Ft |
| 06/25/2014 06/25/14 | Sold | $2,388,000 | 0.0% | $436 / Sq Ft |
| 04/10/2014 04/10/14 | Pending | -- | -- | -- |
| 02/19/2014 02/19/14 | For Sale | $2,388,000 | -- | $436 / Sq Ft |
Source: Palm Beach Board of REALTORS®
Tax History Compared to Growth
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 | $161,080 | $7,903,309 | -- | -- |
| 2023 | $157,502 | $7,673,116 | $1,539,789 | $6,133,327 |
| 2022 | $44,360 | $2,133,208 | $0 | $0 |
| 2021 | $44,402 | $2,071,076 | $0 | $0 |
| 2020 | $44,224 | $2,042,481 | $0 | $0 |
| 2019 | $43,621 | $1,996,560 | $0 | $0 |
| 2018 | $41,701 | $1,959,333 | $440,499 | $1,518,834 |
| 2017 | $46,186 | $2,137,665 | $0 | $0 |
| 2016 | $46,200 | $2,093,697 | $0 | $0 |
| 2015 | $47,148 | $2,079,143 | $0 | $0 |
| 2014 | $14,498 | $656,263 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
L
Seller's Agent in 2022
Liza Pulitzer
Brown Harris Stevens of PB
(561) 659-6400
8 in this area
59 Total Sales
-
W
Seller Co-Listing Agent in 2022
Whitney McGurk
Brown Harris Stevens of PB
(561) 659-6400
8 in this area
65 Total Sales
-
Buyer's Agent in 2022
Brooke Murphy
Compass Florida LLC (PB)
(561) 301-2128
3 in this area
33 Total Sales
-
B
Seller's Agent in 2014
BURTON MINKOFF
The Corcoran Group
-
Buyer's Agent in 2014
Burt Minkoff
Douglas Elliman
(561) 512-8978
15 in this area
66 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 14-400
APN: 74-43-44-03-22-000-0100
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