$6,600,000
SOLD MAY 16, 2018
5 Beds
6.5 Baths
8,940 Sq Ft
0.52 Acres

Recently Sold

$738 Per Sq Ft

8% Below List Price

6 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Private Pool
  • Formal Dining Room
  • Boca Raton Community Middle School Rated A-
  • Marble Flooring
  • Fireplace

About This Home

As of May 2018

This home is located at 1824 Royal Palm Way, Boca Raton, FL 33432 and is currently priced at $6,600,000, approximately $738 per square foot. This property was built in 2001. 1824 Royal Palm Way is a home located in Palm Beach County with nearby schools including Boca Raton Elementary School, Boca Raton Community Middle School, and Boca Raton Community High School.

Last Agent to Sell the Property

David Roberts

Royal Palm Properties LLC License #464265 Listed on: 04/09/2018

Last Buyer's Agent

Karli Henion

Lux Properties License #3234727

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $81,196

Year Built

  • Built in 2001

Lot Details

  • 0.52 Acre Lot
  • Property fronts an intracoastal waterway
  • West Facing Home
  • Property is zoned R1A(ci

HOA Fees

  • $210 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Intracoastal
  • Garden
  • Pool

Interior Spaces

  • 8,940 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Additional Features

  • Private Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 06434729100130380

Community Details

Overview

  • Association fees include common areas, security
  • Royal Palm Yacht & Countr Subdivision

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$81,196

Year Built

Built in 2001

Lot Details

0

HOA Fees

$210 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Camino Real entrance. Royal Palm Way to the property on the left side.
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, Dining Area, Separate/Formal Dining Room, Entrance Foyer, French Door(s)/Atrium Door(s), Fireplace, Split Bedrooms, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Carpet, Marble
  • Living Area: 8940.0
  • Dining Room Type: Family Room, Laundry
  • Stories: 2

Exterior Features

  • View: Garden, Intercoastal, Pool
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: West

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security Guard
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 210.0
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Security

Lot Info

  • Parcel #: 06434729100130380
  • Lot Size Sq Ft: 22842.0
  • Zoning Description: R1A(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 81196.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2018
Closed on
May 9, 2018
Sold by
Bachman Marshall J and Lee Bachman Revocable Trust
Bought by
Donoff Craig and 1824 Royal Palm Way Land Trust
Seller's Agent
David Roberts
Royal Palm Properties LLC
Buyer's Agent
Karli Henion
Lux Properties
List Price
$7,200,000
Sold Price
$6,600,000
Premium/Discount to List
-$600,000
-8.33%
Current Estimated Value
$10,338,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,738,470
Avg. Annual Appreciation
6.32%

Purchase Details

Closed on
Jan 17, 2013
Sold by
Bachman Lee G and Bachman Gilbert
Bought by
Bachman Gilbert and Bachman Marshall J

Purchase Details

Closed on
Sep 7, 1999
Sold by
Alyce E Erickson Tr
Bought by
Bachman Lee G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 1996
Sold by
Erickson Charles F
Bought by
Erickson Alyce A

Purchase Details

Closed on
Nov 17, 1994
Sold by
Erickson Alyce A and Erickson Alyce E
Bought by
Erickson Alyce E
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 $6,600,000 Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $1,800,000 --
Quit Claim Deed $100 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,000,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2022 01/14/22 For Rent $45,000 +12.5% --
01/14/2022 01/14/22 Rented $40,000 +60.0% --
09/14/2020 09/14/20 Rented $25,000 -9.1% --
09/14/2020 09/14/20 For Rent $27,500 +44.7% --
03/15/2019 03/15/19 Rented $19,000 -24.0% --
02/13/2019 02/13/19 Under Contract -- -- --
08/21/2018 08/21/18 For Rent $25,000 0.0% --
05/16/2018 05/16/18 Sold $6,600,000 -8.3% $738 / Sq Ft
04/16/2018 04/16/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $7,200,000 -- $805 / 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 $192,539 $10,805,047 -- --
2023 $184,013 $9,822,770 $9,433,560 $2,729,675
2022 $161,486 $8,929,791 $0 $0
2021 $148,416 $8,337,052 $5,197,500 $3,139,552
2020 $133,587 $7,379,993 $4,725,000 $2,654,993
2019 $135,278 $7,262,203 $4,500,000 $2,762,203
2018 $127,710 $7,175,304 $4,730,415 $2,444,889
2017 $81,196 $4,523,387 $0 $0
2016 $81,589 $4,430,350 $0 $0
2015 $83,887 $4,399,553 $0 $0
2014 $84,241 $4,364,636 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10421672

BeachesMLS

APN: 06-43-47-29-10-013-0380