$1,000,000
SOLD MAR 7, 2024
2 Beds
2 Baths
1,174 Sq Ft
$962/mo HOA Fee

Recently Sold

$852 Per Sq Ft

28% Below List Price

432 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Outdoor Pool
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Home Gym

About This Home

As of March 2024

Gorgeous, fully renovated luxury apt on the 17th floor with breathtaking views! A MUST SEE! Completely designer-driven with 2 en suite bdrms(or den), custom closets and doors, modern European kitchen, impact windows ,sophisticated baths, raised ceilings, Open, light-filled living and dining spaces w/ water views from every room! Fully retractable sliding doors open to the private terrace perfect for dining and entertaining. Enjoy passing yachts on the Intracoastal, stunning sunrise and sunsets and views of the Ocean, Palm Beach Island, Yacht Marina and renowned Breaker's hotel. Located in the full-service Rapallo South Condominium with beautiful grounds/pool like no other! 24-hour doorman, private parking, gym, and all the amenities a luxury building on prestigious S Flagler can offer

Last Agent to Sell the Property

LISA WILKINSON

Douglas Elliman License #SL-3254735 Listed on: 12/07/2022

Douglas Elliman

Co-Listed By

Cara McClure

Douglas Elliman License #SL-3177951

Last Buyer's Agent

Burt Minkoff

Douglas Elliman License #3027869

Douglas Elliman

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $11,431

Year Built

  • Built in 1973

Lot Details

  • East Facing Home

HOA Fees

  • $962 Monthly HOA Fees

Parking

  • 1 Parking Space

Interior Spaces

  • 1,174 Sq Ft Home
  • Dining Area
  • Storage
  • Home Gym

Kitchen

  • Single Oven
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Pool

  • Outdoor Pool
  • Heated Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434327410011704

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, water
  • 192 Units
  • Rapallo South Community
  • On-Site Maintenance
  • 19-Story Property

Amenities

  • Doorman
  • Common Area
  • Laundry Facilities
  • Elevator

Recreation

Pet Policy

  • Pet Restriction
  • Small pets allowed

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$11,431

Year Built

Built in 1973

Lot Details

0

HOA Fees

$962 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: South Flagler Drive Just North of Okeechobee Blvd
  • Building Name: Rapallo South
  • Year Built: 1973
  • Location Tax Legal:Name of Building: Rapallo South
  • Location Tax Legal:Zoned: MF32
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 11431.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 1174.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 961.77
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 192
  • General Property Description:_pound_ Floors: 19.0
  • Waterfront-Building:ICW-Across Street: Yes
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: Yes
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Microwave: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Water2: Yes
  • Laundry:Laundry in Building: Yes
  • Pets:Pets Allowed: Yes
  • Security:Security Guards: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Maintenance Includes:Cable TV: Yes
  • Pool:Heated Elec: Yes
  • Pets:Weight Restrictions: 25 lbs or Under
  • Waterfront-Unit:ICW-Across Street2: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Freezer, Ice Maker, Oven-Single, Microwave
  • Total Bedrooms: 2
  • Flooring: Other Flooring
  • Interior Amenities: Cable, Storage
  • Living Area: 1174.0
  • Stories: 19
  • Interior Features:Storage: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool, Heated Elec
  • Pool Private: Yes
  • Exterior Features: Elevator, Exercise Room, Lobby
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes

Garage/Parking

  • Parking:_one_ Car2: Yes

Utilities

  • Laundry Features: Laundry in Building
  • Security: Security Guards, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Exercise Facility
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 74434327410011704
  • Zoning: MF32

Multi Family

  • Number Of Units Total: 192
  • Maintenance Expense: 961.77

Tax Info

  • Tax Annual Amount: 11431.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2022
Closed on
Feb 29, 2024
Sold by
Annas Christopher J
Bought by
Kaufmann Robert Scott and Kaufmann Pamela D
Seller's Agent
LISA WILKINSON
Douglas Elliman
Buyer's Agent
Burt Minkoff
Douglas Elliman
List Price
$1,395,000
Sold Price
$1,000,000
Premium/Discount to List
-$395,000
-28.32%
Views
92
Current Estimated Value
$960,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,774
Avg. Annual Appreciation
-5.14%

Purchase Details

Listed on
Jan 28, 2022
Closed on
Jul 2, 2022
Sold by
Daddario Andrea C
Bought by
Annas Christopher J
Seller's Agent
LISA WILKINSON
Douglas Elliman
Buyer's Agent
LISA WILKINSON
Douglas Elliman
List Price
$669,000
Sold Price
$690,000
Premium/Discount to List
$21,000
3.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.88%
Original Mortgage
$483,000
Interest Rate
5.09%
Mortgage Type
New Conventional
Source: Public Records

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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 $1,000,000 Equity Land Title
Warranty Deed $690,000 Trident Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $483,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2024 03/07/24 Sold $1,000,000 -11.1% $852 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
10/06/2023 10/06/23 Price Changed $1,125,000 -13.4% $958 / Sq Ft
02/10/2023 02/10/23 Price Changed $1,299,000 -6.9% $1,106 / Sq Ft
12/07/2022 12/07/22 For Sale $1,395,000 +102.2% $1,188 / Sq Ft
07/07/2022 07/07/22 Sold $690,000 0.0% $635 / Sq Ft
07/06/2022 07/06/22 Sold $690,000 0.0% $635 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
05/16/2022 05/16/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $690,000 +3.1% $635 / Sq Ft
01/28/2022 01/28/22 For Sale $669,000 -- $616 / 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 $13,830 $599,500 -- --
2023 $11,431 $545,000 $0 $545,000
2022 $7,917 $328,900 $0 $0
2021 $6,698 $299,000 $0 $299,000
2020 $6,391 $282,000 $0 $282,000
2019 $7,476 $370,000 $0 $370,000
2018 $6,407 $310,000 $0 $310,000
2017 $5,845 $274,000 $0 $0
2016 $5,615 $231,594 $0 $0
2015 $5,601 $210,540 $0 $0
2014 $4,902 $191,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 22-1821

APN: 74-43-43-27-41-001-1704