NOT LISTED FOR SALE

1700 S Ocean Blvd Palm Beach, FL 33480

Estimated Value: $5,365,000 - $60,699,746

6 Beds
8 Baths
9,626 Sq Ft
$3,432/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $41,000,000 $4,259 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $226,525/month

323 Days on Market

Highlights

  • 115 Feet of Waterfront
  • Property has ocean access
  • Home Theater
  • Palm Beach Public School Rated A-
  • Wine Room
  • New Construction

About This Home

As of November 2021

NEW OCEANFRONT CONSTRUCTION NOW COMPLETED! - July of 2021

Palm Beach Perfection! Elegant classic regency architecture with soft contemporary interior design – fully embracing today's style of living. The ultimate in oceanfront living!
The World Class Team creates a residence with exceptional commitment throughout to quality, cutting edge technology, and construction. Likely the first in Palm Beach to offer reinforced poured concrete construction including roof.
115' w x approximately 147' (to the high water line) private beach parcel.
Interior Design: MARC-MICHAELS DESIGN GROUP
Architect: SKA ARCHITECTURE & PLANNER
Landscape Architect: LYNN BENDER LANDSCAPE ARCHITECTURE
General Contractor: MARK TIMOTHY INC.

Last Agent to Sell the Property

SHELLY NEWMAN

The Corcoran Group License #SL 3260908 Listed on: 12/16/2020

The Corcoran Group

Last Buyer's Agent

CHRISTIAN ANGLE

Earl A. Hollis, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $72,804

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.73 Acre Lot
  • 115 Feet of Waterfront
  • Ocean Front
  • West Facing Home
  • Corner Lot
  • Sprinkler System
  • Property is zoned R-AA - Large Estate Residential, R-AA - Large Estate

Home Design

  • Regency Architecture
  • Poured Concrete

Interior Spaces

  • 9,626 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Sound System
  • Ceiling Fan
  • Fireplace
  • Wine Room
  • Dining Room
  • Home Theater
  • Library
  • Storage
  • Utility Room
  • Home Gym

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

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

Parking

  • 2 Car Attached Garage
  • Garage Apartment
  • Bathroom In Garage

Pool

  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Property has ocean access
  • Balcony
  • Patio
  • Lanai

Utilities

  • Zoned Heating and Cooling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434411020000010

Home Details

Home Type

Single Family

Est. Annual Taxes

$72,804

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.73
  • Lot Size: 115'
  • Subdivision Name: Tropic Isle
  • Directions: South on Ocean Blvd. from Southern Boulevard.
  • Architectural Style: Regency, Three + Story
  • Year Built: 2021
  • Location Tax Legal:Zoned: R-AA - Large Estate Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 72804.0
  • Location Tax Legal:Tax Year2: 2021
  • General Property Description:Living Area: 9626.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 115'
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • WaterSewer:Sewer: Yes
  • Windows:Impact Glass - Full: Yes
  • Pets:Pets Allowed: Yes
  • General Property Description:Lot SqFt: 31942
  • WaterSewer:City Water: Yes
  • Style:Three Story: Yes
  • HOA:None: Yes
  • Pool:Heated - Electric: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Exposure:West: Yes
  • General Property Description:Waterfront Ftg: 115.0
  • Pool:Salt Water: Yes
  • Style:Regency: Yes
  • Waterfront:Ocean-Across Street: Yes
  • Lot Size:Corner Lot: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Range-Electric, Oven-Double, Microwave, Washer, Dryer
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Flooring: Hardwood, Marble, W/W Carpeting
  • Interior Amenities: Cable, Ceiling Fan, Elevator, Fireplace, Sound System, Smoke Detectors, Storage, Wet Bar, Wine Rm/Temp-Control, Wndw Trmnts Included, Pantry
  • Living Area: 9626.0
  • Window Features: Impact Glass-Full
  • Interior Features:Storage: Yes
  • 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
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Smoke Detectors: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: Yes
  • Interior Features:Wet Bar: 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: 1/2 Acre to 1 Acre, Corner Lot
  • Pool Features: Pool, Salt Water, Heated - Electric
  • Pool Private: Yes
  • Waterfront Features: Ocean-Across Street
  • Waterfront: Yes
  • Construction Type: New Construction, Poured Concrete, Other Construction
  • Exterior Features: Balcony, Patio/Lanai, Ocean Access-Deeded, Sprinkler System, Impact Doors, Impact Windows
  • Roof: Other
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Exterior Features:PatioLanai: Yes
  • Construction:Other Construction: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Construction:New Construction: Yes
  • Construction:Poured Concrete: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached, Air Conditioned, Toilet in Garage
  • Garage: Yes
  • Garage:_two_ Car: Yes
  • Other Rooms:Garage Apartment: Yes
  • Garage:Air Conditioned: Yes
  • Garage:Toilet in Garage: Yes

Utilities

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

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 31942.0
  • Parcel #: 50434411020000010
  • Zoning: R-AA - Large Estate
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 72804.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
Nov 22, 2021
Sold by
Ocean Villa Holdings Llc
Bought by
1700 S Ocean Blvd Llc
Seller's Agent
SHELLY NEWMAN
The Corcoran Group
Buyer's Agent
CHRISTIAN ANGLE
Earl A. Hollis, Inc.
List Price
$41,000,000
Sold Price
$41,000,000
Current Estimated Value
$33,032,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,967,627
Avg. Annual Appreciation
-5.61%
Original Mortgage
$21,000,000
Outstanding Balance
$19,481,283
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$13,613,006

Purchase Details

Closed on
Apr 10, 2014
Sold by
Bell Nancy Maxwell
Bought by
Ocean Villa Holdings Llc

Purchase Details

Closed on
Apr 8, 2014
Sold by
Caso Bart
Bought by
Ocean Villa Holdings Llc

Purchase Details

Closed on
May 21, 1998
Sold by
Pr Nancy L Harrison
Bought by
Maxwell Gertrude

Purchase Details

Closed on
Apr 27, 1995
Sold by
Hobbs James F and Maxine Hobbs E
Bought by
Chace Gloria B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
8.35%
Source: Public Records

Range of Values:

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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
1700 S Ocean Blvd Llc $41,000,000 Attorney
Ocean Villa Holdings Llc -- Attorney
Ocean Villa Holdings Llc -- Attorney
Ocean Villa Holdings Llc $4,000,000 Counselors Title Company Llc
Maxwell Gertrude $1,300,000 --
Chace Gloria B $54,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1700 S Ocean Blvd Llc $21,000,000
Previous Owner Maxwell Gertrude $14,143,200
Previous Owner Chace Gloria B $43,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $41,000,000 0.0% $4,259 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
12/16/2020 12/16/20 For Sale $41,000,000 -- $4,259 / 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 $529,120 $35,531,743 -- --
2023 $570,554 $37,959,709 $8,177,200 $29,782,509
2022 $571,045 $36,809,338 -- --
2021 $88,119 $6,200,000 $6,200,000 $0
2020 $72,492 $4,350,000 $4,350,000 $0
2019 $84,964 $5,000,000 $5,000,000 $0
2018 $79,888 $5,110,170 $5,110,170 $0
2017 $71,666 $4,258,475 $4,258,475 $0
2016 $71,810 $4,174,976 $0 $0
2015 $90,107 $5,020,195 $0 $0
2014 $78,212 $4,243,968 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    SHELLY NEWMAN

    The Corcoran Group

    (612) 860-4599

    16 Total Sales

    Section Image

  • C

    Buyer's Agent in 2021

    CHRISTIAN ANGLE

    Earl A. Hollis, Inc.

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-2188

APN: 50-43-44-11-02-000-0010

Florida Palm Beach County Palm Beach 33480

1700 S Ocean Blvd, Palm Beach, FL

This home is located at 1700 S Ocean Blvd, Palm Beach, FL 33480 since 16 December 2020 and is currently estimated at $33,032,373, approximately $3,431 per square foot. This property was built in 2021. 1700 S Ocean Blvd is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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