$2,850,000
SOLD DEC 7, 2012
3 Beds
3 Baths
2,981 Sq Ft
0.26 Acres

Recently Sold

$956 Per Sq Ft

173 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Property has ocean access
  • Bermuda Architecture
  • Palm Beach Public School Rated A-
  • Pool and Spa
  • Lanai

About This Home

As of June 2025

Direct waterfront property with panoramic views. Spacious living room with fireplace and separate dining room. Large lanai and lovely pool area with spa.

Last Agent to Sell the Property

SUSAN REYMOND

Sotheby's International Realty, Inc. License #3008330 Listed on: 05/03/2012

Last Buyer's Agent

JAMES MCCANN

THE CORCORAN GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,824

Year Built

  • Built in 1957

Lot Details

  • 100 Feet of Waterfront
  • Lake Front
  • Property fronts an intracoastal waterway
  • Northeast Facing Home
  • Sprinkler System
  • Property is zoned RB

Home Design

  • Bermuda Architecture
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,981 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Central Vacuum
  • Ceiling Fan
  • Fireplace
  • Dining Room
  • Library

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Pool

  • Pool and Spa
  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sea Isle Estates Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434234010000230

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,824

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 100
  • Subdivision Name: Sea Isle Estates
  • Directions: North Ocean Boulevard to Inlet.
  • Above Grade Finished Sq Ft: 34000.0
  • Architectural Style: Bermuda, One Story
  • Year Built: 1957
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 20823.74
  • Location Tax Legal:Tax Year2: 2011
  • General Property Description:Living Area: 2981.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: 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): 100
  • Pool:Heated - Gas: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Style:Bermuda: Yes
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Style:One Story: Yes
  • Exposure:East: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Auto Garage Door Opener: Yes
  • Floors:Parquet: Yes
  • General Property Description:Waterfront Ftg: 100.0
  • Waterfront:Intracoastal-Direct: Yes
  • Waterfront:Lakefront: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Range-Electric, Microwave, Washer, Dryer, Central Vac System
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Parquet, Tile
  • Interior Amenities: Cable, Ceiling Fan, Fireplace, Smoke Detectors, Wet Bar
  • Living Area: 2981.0
  • Window Features: Other
  • Other Rooms:Dining Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Smoke Detectors: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Central Vac System: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Heated - Gas, Spa
  • Pool Private: Yes
  • Waterfront Features: Intracoastal-Direct, Lakefront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Ocean Access-No Deed, Storm Shutters, Sprinkler System
  • Roof: Cement Tile
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Storm Shutters: Yes
  • Pool/Spa: Yes
  • Exterior Features:Ocean Access-No Deed: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached, Door Opener
  • Garage: Yes
  • Garage:_two_ Car: Yes

Utilities

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

Lot Info

  • Land Lease Amount Frequency: Yes
  • Parcel #: 50434234010000230
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 20823.74
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2024
Closed on
Jun 2, 2025
Sold by
Hedley Lisa A and Wick Walter D
Bought by
173 E Inlet Land Trust and Tighe
Seller's Agent
Kourtney Pulitzer
Sotheby's International Realty, Inc.
Buyer's Agent
Margit Brandt
Premier Estate Properties, Inc. - Palm Beach
List Price
$25,900,000
Sold Price
$23,750,000
Premium/Discount to List
-$2,150,000
-8.3%
Views
90

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-97.50%
Original Mortgage
$13,800,000
Outstanding Balance
$13,785,944
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
-$1,101,264

Purchase Details

Closed on
Mar 1, 2017
Sold by
Mnuchin Robert
Bought by
Hedley Lisa A and The Lily Claire Hedley Trust

Purchase Details

Listed on
May 3, 2012
Closed on
Dec 7, 2012
Sold by
Raffo Richard A
Bought by
Hedley Lisa A
Seller's Agent
SUSAN REYMOND
Sotheby's International Realty, Inc.
Buyer's Agent
JAMES MCCANN
THE CORCORAN GROUP
List Price
$2,850,000
Sold Price
$2,850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.52%
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 Type Sale Price Title Company
Warranty Deed $23,750,000 None Listed On Document
Warranty Deed $23,750,000 None Listed On Document
Quit Claim Deed -- Attorney
Warranty Deed $2,850,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $13,800,000 New Conventional
Closed $13,800,000 New Conventional
Previous Owner $3,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,300,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,200,000 New Conventional
Previous Owner $805,000 Unknown
Previous Owner $803,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 Sold $23,750,000 -4.8% $6,965 / Sq Ft
03/17/2025 03/17/25 Pending -- -- --
02/14/2025 02/14/25 Price Changed $24,950,000 -3.7% $7,317 / Sq Ft
10/15/2024 10/15/24 For Sale $25,900,000 +808.8% $7,595 / Sq Ft
12/07/2012 12/07/12 Sold $2,850,000 0.0% $956 / Sq Ft
10/23/2012 10/23/12 Pending -- -- --
05/03/2012 05/03/12 For Sale $2,850,000 -- $956 / 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 $63,762 $4,314,175 -- --
2023 $62,479 $4,188,519 $0 $0
2022 $62,583 $4,066,523 $0 $0
2021 $63,597 $3,948,081 $0 $0
2020 $64,487 $3,893,571 $0 $0
2019 $64,364 $3,806,032 $0 $0
2018 $61,144 $3,735,066 $0 $0
2017 $61,176 $3,658,243 $0 $0
2016 $61,115 $3,583,000 $0 $0
2015 $63,205 $3,558,093 $0 $0
2014 $49,028 $2,645,544 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 12-1113

APN: 50-43-42-34-01-000-0230