NOT LISTED FOR SALE

Estimated Value: $6,945,000 - $28,632,544

7 Beds
13 Baths
7,157 Sq Ft
$2,486/Sq Ft Est. Value

Sale Details

Date Sold: December 8, 2014

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

Est. 48% increase in value since last sale

Current estimated payment $110,983 / mo

163 Days on Market

Highlights

  • Pool
  • Soaking Tub and Shower Combination in Primary Bathroom
  • 3 Car Garage
  • Palm Beach Public School Rated A-
  • Central Heating and Cooling System
  • Family Room

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.

Co-Listed By

Todd Peter

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

Sotheby's Intl. Realty, Inc.

Last Buyer's Agent

Christian Angle

Christian Angle Real Estate License #703536

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $100,850

Year Built

  • Built in 1929

Lot Details

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

Parking

  • 3 Car Garage
  • Parking Garage Space

Interior Spaces

  • 7,157 Sq Ft Home
  • Property has 2 Levels
  • Family Room
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Soaking Tub and Shower Combination in Primary Bathroom
  • Bathtub
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Pool

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434326000020200

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$100,850

Year Built

Built in 1929

Lot Details

0.88 Acres

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1929
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: FLL988061
  • Co List Office Phone: 561-659-3555
  • Directions: Okeechobee blvd to PB Island.
  • Garage Yn: Yes
  • Horses: No
  • Unit Levels: 2
  • Lot Size Acres: 0.88
  • New Construction: No
  • Building Stories: 2
  • Structure Type: House
  • Subdivision Name: N/A
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • LastStatus: Pending
  • CurrentPrice: 12000000
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Interior Amenities: Pantry, Family Room
  • Full Bathrooms: 10
  • Half Bathrooms: 3
  • Total Bedrooms: 7
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 7157
  • Stories: 2
  • Bedroom Features: Primary Bath Shower, Primary Bath Tub
  • Living Room Features: Family Room, Pantry
  • Master Bathroom Features: Shower Only, Tub Only

Exterior Features

  • Construction Type: Concrete Block Construction
  • Direction Faces: North
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Other Structures: Livable
  • Pool Private: Yes
  • View: No
  • Waterfront: No

Garage/Parking

  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: 2 Or More Spaces, Parking Garage
  • Total Parking Spaces: 3

Utilities

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

Condo/Co-op/Association

  • Amenities: None, Private Pool
  • Association: Yes
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 50434326000020200
  • Lot Size Sq Ft: 38333
  • Zoning: RA

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 100850

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2014
Closed on
Dec 4, 2014
Sold by
Bought by
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
$17,788,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,788,772
Avg. Annual Appreciation
3.44%
Original Mortgage
$9,000,000
Interest Rate
0.0325%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 24, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 17, 1997
Sold by
Bought by

Purchase Details

Closed on
May 5, 1994
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$12,000,000 Attorney
-- --
$3,900,000 --
$100 --
$2,300,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $7,000,000
Closed $9,000,000
Previous Owner $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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: MIAMI REALTORS® MLS

MLS Number: R10044838

MIAMI REALTORS® MLS

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

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