$775,000
SOLD APR 11, 2023
2 Beds
2 Baths
1,348 Sq Ft
$964/mo HOA Fee

Recently Sold

$575 Per Sq Ft

21% Below List Price

166 Days on Market

Highlights

  • Doorman
  • Ocean View
  • Fitness Center
  • Palm Beach Public School Rated A-
  • Property fronts an intracoastal waterway
  • 5-minute walk to Norton Gallery Park

About This Home

As of March 2024

Are you dreaming of a warm sunny place to roost for the winter? Look no further! There are positively breathtaking, panoramic views of the Intracoastal and Island of Palm Beach from every room of this 7th floor condo. Your slice of paradise is waiting for you. Enjoy gorgeous sunrises while you sip your coffee on the balcony. And then there are the multi-million-dollar yachts and pleasure craft leisurely cruising up and down the Intracoastal. What a peaceful way to start your day. The Rapallo is a full-service, pet friendly building just steps from buzzing downtown West Palm Beach and the chic Island of Palm Beach and all it has to offer. This unit is a clean slate for its new owner. Only your imagination is your limitation. It is approximately 1400 square feet, split floor pla

Last Agent to Sell the Property

Bo Allen

Illustrated Properties LLC Brokerage Phone: (561) 329-9997 License #602992 Listed on: 10/26/2022

Illustrated Properties LLC

Co-Listed By

Erin Allen

Illustrated Properties LLC Brokerage Phone: (561) 329-9997 License #3229588

Last Buyer's Agent

Amanda Warnick

Sterling Real Estate Group LLC License #3297618

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,671

Year Built

  • Built in 1973

Lot Details

HOA Fees

  • $964 Monthly HOA Fees

Property Views

  • Garden

Interior Spaces

  • 1,348 Sq Ft Home
  • Furnished
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Jettted Tub and Separate Shower in Primary Bathroom

Parking

  • Open Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 74434327400007070

Community Details

Overview

  • Association fees include common areas, cable TV, insurance, laundry, ground maintenance, maintenance structure, pest control, pool(s), sewer, security, trash, water
  • 156 Units
  • High-Rise Condominium
  • Rapallo Condo Subdivision
  • 19-Story Property

Amenities

  • Doorman
  • Community Library
  • Laundry Facilities
  • Elevator

Recreation

  • Trails

Security

  • Resident Manager or Management On Site
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,671

Year Built

Built in 1973

Lot Details

0

HOA Fees

$964 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Okeechobee Blvd. east to Flagler, south on Flagler to building.
  • Year Built: 1973
  • Architectural Style: High Rise
  • Entry Level: 7
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Area, Jetted Tub, Living/Dining Room, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Furnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Laminate
  • Living Area: 1348.0
  • Stories: 19

Exterior Features

  • View: Garden, Intercoastal, Ocean, Pool
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Open Parking: Yes
  • Parking Features: Assigned, Open

Utilities

  • Laundry Features: Common Area
  • Security: Door Man
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 964.0
  • Community Features: Gated, Property Manager On-Site, Pool, Street Lights, Sidewalks
  • Senior Community: No
  • Amenities: Bike Storage, Fitness Center, Laundry, Library, Management, Pool, Trail(s), Trash, Elevator(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Pest Control, Pool(s), Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 74434327400007070
  • Lot Size: East of US-1
  • Zoning Description: MF32(c

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2671.0

Multi Family

  • Number Of Units In Community: 156

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2023
Closed on
Mar 12, 2024
Sold by
Bell Meghan E
Bought by
Miller Barbara B
Seller's Agent
Amanda Warnick
Sterling Real Estate Group LLC
Buyer's Agent
Andrew Miller
Simon Isaacs Real Estate LLC
List Price
$1,299,000
Sold Price
$1,150,000
Premium/Discount to List
-$149,000
-11.47%
Views
49
Current Estimated Value
$1,119,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,960
Avg. Annual Appreciation
-5.96%

Purchase Details

Listed on
Oct 26, 2022
Closed on
Apr 12, 2023
Sold by
Thelma D Leonard Revocable Trust
Bought by
Bell Meghan E
Seller's Agent
Bo Allen
Illustrated Properties LLC
Buyer's Agent
Amanda Warnick
Sterling Real Estate Group LLC
List Price
$975,000
Sold Price
$775,000
Premium/Discount to List
-$200,000
-20.51%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.57%

Purchase Details

Closed on
May 18, 2021
Sold by
Leonard Thelma and Leonard Thelma D
Bought by
Leonard Thelma D and Thelma D Leonard Revocable Tru
Source: Public Records

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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 $1,150,000 None Listed On Document
Warranty Deed $775,000 Trident Title
Interfamily Deed Transfer -- Accommodation
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2024 03/12/24 Sold $1,150,000 +48.4% $853 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
02/11/2024 02/11/24 Off Market $775,000 -- --
11/05/2023 11/05/23 For Sale $1,299,000 +67.6% $964 / Sq Ft
04/11/2023 04/11/23 Sold $775,000 -13.8% $575 / Sq Ft
11/10/2022 11/10/22 Price Changed $899,000 -7.8% $667 / Sq Ft
10/26/2022 10/26/22 For Sale $975,000 -- $723 / Sq Ft
Source: BeachesMLS

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 $19,126 $925,000 -- --
2023 $18,230 $875,000 $0 $875,000
2022 $2,694 $160,603 $0 $0
2021 $2,671 $155,925 $0 $0
2020 $2,650 $153,772 $0 $0
2019 $2,602 $150,315 $0 $0
2018 $2,422 $147,512 $0 $0
2017 $2,366 $144,478 $0 $0
2016 $2,351 $141,506 $0 $0
2015 $2,396 $140,522 $0 $0
2014 $2,395 $139,407 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10841509

BeachesMLS

APN: 74-43-43-27-40-000-7070