NOT LISTED FOR SALE

Estimated Value: $8,369,000 - $13,805,697

4 Beds
5 Baths
5,454 Sq Ft
$1,866/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $7,000,000 $1,283 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $62,020/month

192 Days on Market

Highlights

  • Wine Room
  • Outdoor Pool
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Waterfront
  • Mediterranean Architecture

About This Home

As of May 2020

Mediterranean estate on the ocean block immaculately maintained. Beautifully designed and finished grand foyer with sweeping staircase. Includes a library, gourmet kitchen and a large family room. The formal living area overlooks the pool. The over-sized master suite includes a sitting area complete with his and her bathrooms.

Last Agent to Sell the Property

John Dewing, Jr.

Sotheby's International Realty, Inc. License #3222308 Listed on: 05/10/2019

Sotheby's International Realty, Inc.

Co-Listed By

MORGAN ATKINS

Sotheby's International Realty, Inc. License #SL-3339178

Last Buyer's Agent

Dana Koch

The Corcoran Group License #3027862

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $87,156

Year Built

  • Built in 2001

Lot Details

  • 0.35 Acre Lot
  • Waterfront
  • South Facing Home
  • Sprinkler System
  • Property is zoned 0100 SINGLE FAMILY - GENERAL, 0100 SINGLE FAMILY -

Parking

  • 2 Car Garage

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,454 Sq Ft Home
  • Elevator
  • Central Vacuum
  • Sound System
  • Ceiling Fan
  • Fireplace
  • Casement Windows
  • Wine Room
  • Dining Room
  • Library
  • Storage

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms
  • Bidet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Balcony
  • Patio
  • Lanai

Utilities

  • Zoned Heating and Cooling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Ocean Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434314100010121

Home Details

Home Type

Single Family

Est. Annual Taxes

$87,156

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Lot Size: 129
  • Subdivision Name: Ocean Park
  • Architectural Style: Mediterranean
  • Garage Yn: Yes
  • Year Built: 2001
  • Location Tax Legal:Zoned: 0100 SINGLE FAMILY - GENERAL
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 87156.44
  • Location Tax Legal:Tax Year2: 2018
  • General Property Description:Living Area: 5454.0
  • 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): 129
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • WaterSewer:Sewer: Yes
  • General Property Description:Lot SqFt: 15246
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:South: Yes
  • Roof:Barrel Tile: Yes
  • ACHeat:Multi Zone Air: Yes
  • Style:Mediterranean: Yes
  • Windows:Casement: Yes
  • Pool:Salt Water: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Gas, Microwave, Washer, Dryer, Central Vac System, Trash Compactor
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble
  • Interior Amenities: Bidet, Cable, Ceiling Fan, Elevator, Fireplace, Sound System, Smoke Detectors, Storage, Wine Rm/Temp-Control, Pantry
  • Living Area: 5454.0
  • Window Features: Casement
  • Interior Features:Storage: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Interior Features:Bidet: Yes
  • Appliances:Range-Gas: Yes
  • Appliances:Central Vac System: Yes
  • Interior Features:Sound System: Yes
  • Interior Features:Wine RmTemp-Control: Yes
  • Appliances:Trash Compactor: Yes

Exterior Features

  • Lot Features: Up To 10,889 SF
  • Pool Features: Pool, Salt Water
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony, Patio/Lanai, Sprinkler System, Impact Doors, Impact Windows
  • Roof: Barrel
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes

Garage/Parking

  • Parking Features: 2 Car
  • Garage:_two_ Car: Yes

Utilities

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

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 15246.0
  • Parcel #: 50434314100010121
  • Zoning: 0100 SINGLE FAMILY -
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 87156.44
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2019
Closed on
May 15, 2020
Sold by
Frankel Keith and Frankel Tammy
Bought by
Tripodi Joseph V and Tripodi Sarah Lesesne
Seller's Agent
John Dewing, Jr.
Sotheby's International Realty, Inc.
Buyer's Agent
Dana Koch
The Corcoran Group
List Price
$7,000,000
Sold Price
$7,000,000
Current Estimated Value
$10,178,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,178,924
Avg. Annual Appreciation
7.17%
Original Mortgage
$4,200,000
Outstanding Balance
$3,680,790
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$6,474,563

Purchase Details

Closed on
Aug 29, 2002
Sold by
Sls Asset Management Ltd
Bought by
Frankel Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.27%

Purchase Details

Closed on
Aug 7, 2000
Sold by
Pr Jeffrey Keating
Bought by
Sls Asset Management Ltd
Source: Public Records

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
Tripodi Joseph V $7,000,000 Attorney
Frankel Keith $3,150,000 --
Sls Asset Management Ltd $1,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tripodi Joseph V $4,200,000
Previous Owner Frankel Keith $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2020 05/15/20 Sold $7,000,000 0.0% $1,283 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
05/10/2019 05/10/19 For Sale $7,000,000 -- $1,283 / 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 $99,175 $6,628,473 -- --
2023 $97,118 $6,435,411 $0 $0
2022 $97,292 $6,247,972 $0 $0
2021 $98,964 $6,065,992 $3,719,718 $2,346,274
2020 $104,348 $6,373,335 $3,600,000 $2,773,335
2019 $97,024 $5,802,551 $3,456,000 $2,346,551
2018 $87,156 $5,538,794 $3,416,569 $2,122,225
2017 $79,666 $4,828,978 $2,989,124 $1,839,854
2016 $73,159 $4,213,535 $0 $0
2015 $68,793 $3,830,486 $0 $0
2014 $68,130 $3,744,902 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 19-1123

APN: 50-43-43-14-10-001-0121