NOT LISTED FOR SALE

1695 N Ocean Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $9,657,000 - $91,056,056

9 Beds
10 Baths
15,606 Sq Ft
$3,227/Sq Ft Est. Value

Last Sold March 10, 2016

Last sale price $43,700,000 $2,800 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $363,752/month

50 Days on Market

Highlights

  • 110 Feet of Waterfront
  • Direct Ocean View
  • Guest House
  • Palm Beach Public School Rated A-
  • Property has ocean access
  • Wine Room

About This Home

As of March 2016

Rare & Spectacular 2.5+ Acres Direct Oceanfront on the North End Dunes with deep sandy beach. Furnished Grand Manor Home w/5BR/6Ba & stand-alone 4BR/4Ba guest house. Large proportion rooms, high ceilings, 1st & 2nd floor master suites, game room, club room & pub, media room, gym, wine storage & enoteca, east & west facing pools, outdoor kitchen, elevator, generator. 12+ car garage.

Last Agent to Sell the Property

JAMES McCANN

The Corcoran Group Listed on: 01/14/2016

Last Buyer's Agent

pbb.rets.frisst

pbb.rets.RETS_OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $217,070

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 0.85 Acre Lot
  • 110 Feet of Waterfront
  • Home has East and West Exposure
  • Sprinkler System
  • Property is zoned RA

Home Design

  • Tile Roof
  • Fiber Cement Roof

Interior Spaces

  • 15,606 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Sound System
  • Fireplace
  • Wine Room
  • Dining Room
  • Home Theater
  • Library
  • Home Gym
  • Direct Ocean Views

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 10 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Parking

  • Garage
  • Bathroom In Garage

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Balcony

Additional Features

  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Boca Raton Co Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434234020000020

Home Details

Home Type

Single Family

Est. Annual Taxes

$217,070

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.85
  • Lot Size: 110 Oceanfront
  • Subdivision Name: Boca Raton Co
  • Above Grade Finished Sq Ft: 500000.0
  • Architectural Style: Three + Story, Other Style
  • Garage Yn: Yes
  • Year Built: 2016
  • Location Tax Legal:Zoned: RA
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 217070.0
  • Location Tax Legal:Tax Year2: 2015
  • General Property Description:Living Area: 15606.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 110 Oceanfront
  • Pool:Heated - Gas: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Roof:Cement Tile: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 37026
  • Style:Three Story: Yes
  • HOA:None: Yes
  • Exposure:East: Yes
  • Exposure:West: Yes
  • General Property Description:Waterfront Ftg: 110.0
  • Waterfront:Ocean-Direct: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Range-Gas, Oven-Double, Microwave, Washer, Dryer, Central Vac System
  • Half Bathrooms: 4
  • Total Bedrooms: 9
  • Flooring: Marble, W/W Carpeting
  • Interior Amenities: Elevator, Fireplace, Sound System, Wet Bar, Wine Rm/Temp-Control
  • Living Area: 15606.0
  • Window Features: Impact Glass-Full
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: 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
  • Interior Features:Wine RmTemp-Control: Yes
  • Other Rooms:Exercise Room: Yes

Exterior Features

  • Lot Features: 1 to 3 Acres
  • Pool Features: Pool, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: Ocean-Direct
  • Waterfront: Yes
  • Construction Type: New Construction
  • Exterior Features: Balcony, Ocean Access-Deeded, Sprinkler System, Guesthouse/Cottage
  • Roof: Cement Tile
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:GuesthouseCottage: Yes
  • Construction:New Construction: Yes

Garage/Parking

  • Parking Features: Air Conditioned, Toilet in Garage
  • Garage:Air Conditioned: Yes
  • Garage:Toilet in Garage: Yes

Utilities

  • Security: Security System
  • Heating: Central Air
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 37026.0
  • Parcel #: 50434234020000020
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 217070.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2017
Sold by
Tropin Kenneth G
Bought by
1565 Property Associates Llc
Total Days on Market
50
Current Estimated Value
$50,356,528

Purchase Details

Closed on
Sep 15, 2016
Sold by
Frisbie David W
Bought by
1695 Now Llc

Purchase Details

Closed on
May 23, 2016
Sold by
Frisbie David W
Bought by
Tropin Kenneth G and Kennneth G Tropin Revocable Tr

Purchase Details

Listed on
Jan 14, 2016
Closed on
Mar 10, 2016
Sold by
1695 Now Llc
Bought by
Tropin Kenneth G and Kenneth G Tropin Revocable Trust
Seller's Agent
JAMES McCANN
The Corcoran Group
Buyer's Agent
pbb.rets.frisst
pbb.rets.RETS_OFFICE
List Price
$43,700,000
Sold Price
$43,700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.55%

Purchase Details

Closed on
Aug 28, 2012
Sold by
Milstein Richard C
Bought by
1695 Now Llc

Purchase Details

Closed on
Aug 13, 2012
Sold by
Gordon Andrew S and Bessent Scott K H
Bought by
Browne Christopher H

Purchase Details

Closed on
Aug 8, 2012
Sold by
Bessent Scott K H
Bought by
Browne Christopher H

Purchase Details

Closed on
Aug 7, 2012
Sold by
Gordon Andrew S
Bought by
Browne Christopher H

Purchase Details

Closed on
Mar 24, 2010
Sold by
Browne Christopher H and Gordon Andrew S
Bought by
Browne Christopher H

Purchase Details

Closed on
Jan 22, 2008
Sold by
Browne Christopher H
Bought by
Browne Christopher H

Purchase Details

Closed on
Jul 19, 2006
Sold by
Frisbie David W
Bought by
Browne Christopher H

Purchase Details

Closed on
Jun 17, 2004
Sold by
Smythe Robert and Andracsek Virginia
Bought by
Frisbie David W and 1695 North Ocean Way Realty Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,900,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2004
Sold by
Keybank Na
Bought by
Frisbie David W and 1695 North Ocean Way Realty Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,900,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
1565 Property Associates Llc -- None Available
1695 Now Llc -- None Available
Tropin Kenneth G -- Attorney
Tropin Kenneth G $43,700,000 None Available
1695 Now Llc $9,520,000 Attorney
Browne Christopher H -- Attorney
Browne Christopher H -- Attorney
Browne Christopher H -- Attorney
Browne Christopher H -- Attorney
Browne Christopher H -- Attorney
Browne Christopher H $10,950,000 None Available
Frisbie David W -- --
Frisbie David W $5,583,389 --
Frisbie David W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1565 Property Associates Llc $50,000,000
Closed 1565 Property Associates Llc $14,200,000
Previous Owner Frisbie David W $3,900,000
Previous Owner Frisbie David W $3,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2016 03/10/16 Sold $43,700,000 0.0% $2,800 / Sq Ft
03/04/2016 03/04/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $43,700,000 -- $2,800 / 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 $972,933 $64,693,944 -- --
2023 $952,814 $62,809,654 $0 $0
2022 $954,742 $60,980,247 $0 $0
2021 $971,484 $59,204,123 $0 $0
2020 $973,749 $58,386,709 $42,231,164 $16,155,545
2019 $1,008,225 $59,181,046 $41,001,164 $18,179,882
2018 $648,143 $39,343,203 $19,606,982 $19,736,221
2017 $606,589 $36,278,831 $16,339,202 $19,939,629
2016 $595,935 $32,768,008 $0 $0
2015 $217,070 $11,519,200 $0 $0
2014 $196,023 $10,472,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    JAMES McCANN

    The Corcoran Group

  • p

    Buyer's Agent in 2016

    pbb.rets.frisst

    pbb.rets.RETS_OFFICE

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 16-143

APN: 50-43-42-34-02-000-0020

Florida Palm Beach County Palm Beach 33480 North End

1695 N Ocean Way, Palm Beach, FL

This home is located at 1695 N Ocean Way, Palm Beach, FL 33480 since 14 January 2016 and is currently estimated at $50,356,528, approximately $3,226 per square foot. This property was built in 2016. 1695 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.

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