$2,600,000
PENDING

Estimated payment $18,961/month

Total Views 2,896
2 Beds
2.5 Baths
1,857 Sq Ft
$1,400 Price per Sq Ft

Highlights

  • Boat Ramp
  • Community Cabanas
  • New Construction
  • Property fronts an intracoastal waterway
  • Fitness Center
  • Wood Flooring

About This Home

In its preconstruction phase, Olara will rise 26 stories along the Intracoastal waterway, only one mile from Palm Beach Island and downtown West Palm Beach. The unparalleled resort-style amenities encompass 2 acres, including a 6th floor amenity deck and managed by ARCH Amenities, known for managing the 5-star Eau Palm Beach Resort and Spa, state-of-the-art fitness and wellness facilities designed by The Wright Fit, private dock with houseboat and water sports, and a celebrity chef-helmed waterfront restaurant and epicurean market. Beautifully finished 2- to 4+ BR residences designed by NY-based Gabellini Shephard. Full building generator. Low monthly HOA. Live the resort lifestyle without the resort fees.

Listing Agent

Mary Newton

Douglas Elliman License #3024255 Listed on: 01/19/2024

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $133,546

Year Built

  • New Construction

Lot Details

  • Property fronts an intracoastal waterway

HOA Fees

  • $2,002 Monthly HOA Fees

Parking

  • 2 Car Garage

Interior Spaces

  • 1,857 Sq Ft Home
  • Great Room
  • Wood Flooring
  • Washer and Dryer

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Home Security

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434315160010110

Community Details

Overview

  • Olara Subdivision
  • 26-Story Property

Amenities

  • Sauna
  • Business Center

Recreation

  • Boat Ramp
  • Boating
  • Community Cabanas

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$133,546

Year Built

New Construction

Lot Details

0

HOA Fees

$2,002 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 2027
  • Entry Level: 11
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: 4098

Interior Features

  • Interior Amenities: Dual Sinks, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Wood
  • Living Area: 1857.0
  • Dining Room Type: Great Room
  • Stories: 26

Exterior Features

  • Pool Features: None
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: New Construction

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available

Condo/Co-op/Association

  • Association Fee: 2002.0
  • Community Features: Boat Facilities, Non-Gated, Property Manager On-Site, Sauna
  • Senior Community: No
  • Amenities: Business Center, Cabana, Fitness Center, Management, Sauna
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 74434315160010110
  • Zoning Description: PUD

Tax Info

  • Tax Year: 2027

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $133,546 $6,206,295 -- --
2023 $185,944 $8,113,127 -- --
2022 $162,795 $7,375,570 -- --
2021 $89,130 $3,772,678 $1,402,882 $2,369,796
2020 $89,880 $3,773,764 $1,402,882 $2,370,882
2019 $86,172 $3,563,098 $1,335,897 $2,227,201
2018 $82,567 $3,535,042 $1,296,941 $2,238,101
2017 $81,287 $3,454,804 $1,235,182 $2,219,622
2016 $76,864 $3,190,439 $0 $0
2015 $74,114 $2,982,899 $0 $0
2014 $71,740 $2,837,123 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2024 04/17/24 Pending -- -- --
01/19/2024 01/19/24 For Sale $2,600,000 -- $1,400 / Sq Ft
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $8,500,000 Attorney
Special Warranty Deed $4,483,000 Attorney
Warranty Deed $34,000 --
Warranty Deed $1,010,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $380,000,000 New Conventional
Closed $50,100,000 New Conventional
Closed $9,000,000 Commercial
Previous Owner $3,375,000 Commercial
Source: Public Records

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Source: BeachesMLS

MLS Number: R10951949

BeachesMLS

APN: 74-43-43-15-16-001-0110