NOT LISTED FOR SALE

196 Banyan Rd Palm Beach, FL 33480

Estimated Value: $7,142,000 - $28,210,717

7 Beds
13 Baths
7,157 Sq Ft
$2,470/Sq Ft Est. Value

Sale Details

Date Sold: December 8, 2014

Last sale price $12,000,000 $1,677 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $107,773 / mo

140 Days on Market

Highlights

  • Private Pool
  • Separate Shower in Primary Bathroom
  • 3 Car Garage
  • Palm Beach Public School Rated A-
  • Central Heating and Cooling System
  • North Facing Home

About This Home

As of December 2014

“La Loma,” is one of John Volk’s most important Palm Beach estates. In 1929, when Volk was commissioned to build this grand three story Mediterranean Revival home, he chose to raise the elevation of the property to make the home stand out from Addison Mizner’s nearby Mediterranean Revival homes. The extraordinary detail and beauty of the home and stunning grounds make this home a truly one of a kind Palm Beach residence.

Last Agent to Sell the Property

Cris Condon

Sotheby's Intl. Realty, Inc. License #392210 Listed on: 05/29/2014

Sotheby's Intl. Realty, Inc.

Co-Listed By

Todd Peter

Sotheby's Intl. Realty, Inc. License #3049697

Last Buyer's Agent

Christian Angle

Christian Angle Real Estate License #703536

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $100,851

Year Built

  • Built in 1929

Lot Details

  • 38,333 Sq Ft Lot
  • North Facing Home
  • Property is zoned RA

Parking

  • 3 Car Garage

Interior Spaces

  • 7,157 Sq Ft Home
  • 2-Story Property
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Separate Shower in Primary Bathroom
  • Soaking Tub

Laundry

  • Dryer
  • Washer

Additional Features

  • Private Pool
  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 50434326000020200

Home Details

Home Type

Single Family

Est. Annual Taxes

$100,851

Year Built

Built in 1929

Lot Details

0.88 Acres

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Okeechobee blvd to PB Island.
  • Year Built: 1929
  • Unit Levels: Two
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Bathtub, Pantry, Soaking Tub, Separate Shower
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Refrigerator, Washer
  • Full Bathrooms: 10
  • Half Bathrooms: 3
  • Total Bedrooms: 7
  • Flooring: Other
  • Living Area: 7157.0
  • Stories: 2

Exterior Features

  • Pool Private: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Concrete
  • Direction Faces: North

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community Features: Home Owners Association
  • Senior Community: No
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434326000020200
  • Lot Size Acres: 0.88
  • Lot Size: DP 212
  • Lot Size Sq Ft: 38332.8
  • Mobile Dim Units: Feet
  • Zoning: RA

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 100850.61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2014
Closed on
Dec 4, 2014
Sold by
Bardes Merrilyn
Bought by
Agostinelli Robert Frank
Seller's Agent
Cris Condon
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$14,500,000
Sold Price
$12,000,000
Premium/Discount to List
-$2,500,000
-17.24%
Current Estimated Value
$17,676,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,676,359
Avg. Annual Appreciation
3.45%

Purchase Details

Closed on
Jan 24, 2005
Sold by
Bardes Merrilyn
Bought by
Bardes Merrilyn

Purchase Details

Closed on
Sep 17, 1997
Sold by
Aperretar S A
Bought by
Bardes Merrilyn

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
7.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 1994
Sold by
Barnett Bk Palm Bch Cty N A
Bought by
Apperetar S A
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Agostinelli Robert Frank $12,000,000 Attorney
Bardes Merrilyn -- --
Bardes Merrilyn $100 --
Bardes Merrilyn $3,900,000 --
Apperetar S A $2,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bardes Merrilyn $1,000,000
Previous Owner Bardes Merrilyn $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2014 12/08/14 Sold $12,000,000 -17.2% $1,677 / Sq Ft
11/08/2014 11/08/14 Pending -- -- --
05/29/2014 05/29/14 For Sale $14,500,000 -- $2,026 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $168,689 $11,613,703 -- --
2024 $168,689 $11,286,397 -- --
2023 $165,236 $10,957,667 $0 $0
2022 $165,551 $10,638,512 $0 $0
2021 $168,378 $10,328,652 $0 $0
2020 $168,770 $10,186,047 $0 $0
2019 $168,468 $9,957,035 $0 $0
2018 $160,017 $9,771,379 $0 $0
2017 $159,882 $9,554,730 $7,932,016 $1,622,714
2016 $180,117 $10,501,721 $0 $0
2015 $186,293 $10,428,720 $0 $0
2014 $102,937 $5,702,654 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10044838

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-26-00-002-0200

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