$7,500,000
SOLD APR 12, 2018

1940 S Ocean Blvd Lantana, FL 33462

1.94 Acres
$3,865,979 Price per Acre
84,506 Sq Ft Lot

Recently Sold

16% Below List Price

0 Day on Market

Highlights

  • Beach Front
  • Ocean View
  • 1.94 Acre Lot

About This Lot

As of April 2018

The last piece of land available in Manalapan.150 x 589 feet of land sprawling from the Ocean to Intracoastal ready for you to build your home and Oceanfront cabana. Spectacular East and West Views. Manalapan residents enjoy gratis membership to the ''La Coquille Club'' located at the Eau Palm Beach Resort & Spa, ''Rated #1 Resort in FL 2015''-Conde Naste Traveler.

Last Agent to Sell the Property

Jack Elkins

William Raveis Real Estate License #3226762 Listed on: 04/12/2018

Co-Listed By

Erin Hiatt

William Raveis Real Estate License #616198

Last Buyer's Agent

Philip Lyle Smith

Luxury Resort Portfolio LLC License #3082497

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $96,799

Lot Details

  • 1.94 Acre Lot
  • Beach Front
  • Property fronts an intracoastal waterway
  • Site Plan Filed
  • Property is zoned R1-B(c

Property Views

  • Ocean
  • Intracoastal

Community Details

  • Gedney Vs Pierson Comms M Subdivision

Listing and Financial Details

  • Assessor Parcel Number 42434515000010014

Property Details

Property Type

Land

Est. Annual Taxes

$96,799

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: A1A South of Eau Palm Beach
  • Special Features: None

Exterior Features

  • View: Intercoastal, Ocean
  • Lot Features: Beach Front
  • View: Yes
  • Waterfront Features: Intracoastal Access, Ocean Front
  • Waterfront: Yes

Lot Info

  • Parcel #: 42434515000010014
  • Development Status: Site Plan Filed
  • Lot Size Acres: 1.94
  • Lot Size: 23.0 ft x 0.0 ft
  • Lot Size Sq Ft: 84688.0
  • Zoning Description: R1-B(c
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 96799.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2019
Sold by
Um Re Holdings Llc
Bought by
Mennella Frank and Mennella Dolores

Purchase Details

Listed on
Apr 12, 2018
Closed on
Apr 5, 2018
Sold by
South Ocean Living Llc
Bought by
Um Re Holdings Llc
Seller's Agent
Jack Elkins
William Raveis Real Estate
Buyer's Agent
Philip Lyle Smith
Luxury Resort Portfolio LLC
List Price
$8,900,000
Sold Price
$7,500,000
Premium/Discount to List
-$1,400,000
-15.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.02%

Purchase Details

Closed on
May 29, 2014
Sold by
Jackson Real Estate Partners Llc
Bought by
South Ocean Living Llc

Purchase Details

Closed on
Jul 15, 2009
Sold by
Broberg Peter S
Bought by
Jackson Real Estate Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
5.26%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 22, 2005
Sold by
Gerrard William T
Bought by
Brogerg Peter S and The Orchid Island Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,462,500
Interest Rate
5.61%
Mortgage Type
Unknown

Purchase Details

Closed on
May 23, 2003
Sold by
Miller Sydra
Bought by
Gerrard William T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2002
Sold by
Grace John S
Bought by
Miller Sydra and 1940 South Ocean Boulevard Revocable Tr
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Special Warranty Deed -- Attorney
Warranty Deed $7,500,000 Attorney
Warranty Deed $6,500,000 Attorney
Warranty Deed $5,475,000 Attorney
Warranty Deed $5,950,000 --
Deed $4,895,704 --
Warranty Deed $5,500,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,462,500 Unknown
Previous Owner $1,000,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 For Sale $84,888,000 +1031.8% $5,119 / Sq Ft
04/12/2018 04/12/18 Sold $7,500,000 -15.7% --
04/12/2018 04/12/18 For Sale $8,900,000 -- --
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 $495,530 $32,513,392 -- --
2023 $556,673 $36,183,344 $0 $0
2022 $131,335 $6,577,830 -- --
2021 $98,656 $5,979,845 $5,979,845 $0
2020 $95,003 $5,700,000 $5,700,000 $0
2019 $101,110 $6,000,000 $6,000,000 $0
2018 $98,382 $6,076,694 $6,076,694 $0
2017 $96,799 $5,957,543 $5,957,543 $0
2016 $94,892 $5,673,850 $0 $0
2015 $90,615 $5,158,046 $0 $0
2014 $75,132 $4,227,906 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2025

    Philip Lyle Smith

    Luxury Resort Portfolio LLC

    (561) 445-2282

    1 in this area

    5 Total Sales

    Philip Lyle Smith
    Section Image

  • C

    Seller Co-Listing Agent in 2025

    Carla Ferreira-Smith

    Luxury Resort Portfolio LLC

    (800) 644-5616

    1 in this area

    3 Total Sales

    Carla Ferreira-Smith
    Section Image

  • J

    Seller's Agent in 2018

    Jack Elkins

    William Raveis Real Estate

    (561) 373-2198

    11 in this area

    24 Total Sales

    Jack Elkins
    Section Image

  • E

    Seller Co-Listing Agent in 2018

    Erin Hiatt

    William Raveis Real Estate

    (561) 655-6570

    4 in this area

    5 Total Sales

    Erin Hiatt
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10422610

BeachesMLS

APN: 42-43-45-15-00-001-0014

Florida Palm Beach County Lantana 33462

1940 S Ocean Blvd, Lantana, FL

This home is located at 1940 S Ocean Blvd, Lantana, FL 33462 and is currently priced at $7,500,000. 1940 S Ocean Blvd is a home located in Palm Beach County with nearby schools including Lantana Elementary School, Boynton Beach Community High School, and Lantana Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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