NOT LISTED FOR SALE

Estimated Value: $8,543,000 - $12,346,633

4 Beds
7 Baths
5,305 Sq Ft
$1,876/Sq Ft Est. Value

Last Sold May 21, 2019

Last sale price $4,046,500 $763 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $65,182/month

418 Days on Market

Highlights

  • Private Pool
  • Wood Flooring
  • Fireplace
  • Palm Beach Public School Rated A-
  • Den
  • 2 Car Attached Garage

About This Home

As of May 2019

This Tom Kirchhoff designed home is 6,819 sf situated on 16,378 sf corner lot of Esplanade Way and North Ocean Way. Custom design and finishes by internationally known and highly awarded designer, Marc Michaels Interiors. Built in 2000: this home features an elevator, fireplace two-car garage, eat-in kitchen with breakfast nook, and an exercise room. Ample outdoor space with summer kitchen, balcony, loggia, and pool. This estate provides a great outdoor living experience with unparalleled peace and quiet just two homes from the beach. Experience all that Palm Beach has to offer from peaceful Esplanade Way.

Last Agent to Sell the Property

Gary Pohrer

Serhant License #3068785 Listed on: 02/23/2018

Serhant

Co-Listed By

Joseph Scheerer

Douglas Elliman License #3294010

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,582

Year Built

  • Built in 2000

Lot Details

  • 0.38 Acre Lot
  • Fenced
  • Property is zoned R-B(ci

Parking

  • 2 Car Attached Garage
  • Driveway

Interior Spaces

  • 5,305 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Den
  • Wood Flooring
  • Home Security System

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Community Details

  • Esplanade Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434234070000180

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,582

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: N. Lake Way North to Esplanade Way.
  • Year Built: 2000
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Entrance Foyer, Elevator, Fireplace, Separate Shower, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Gas Range, Microwave, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Hardwood, Other, Wood
  • Living Area: 5305.0
  • Dining Room Type: Den, Family Room, Laundry
  • Stories: 2

Exterior Features

  • Exterior Features: Fence, Outdoor Grill, Patio
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434234070000180
  • Lot Size: 142.0 ft x 115.0 ft
  • Lot Size Sq Ft: 16378.0
  • Zoning Description: R-B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 48582.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2018
Closed on
May 13, 2019
Sold by
Garvy Robert A and Garvy Carol K
Bought by
David G Lambert 2015 Revocable Trust
Seller's Agent
Gary Pohrer
Serhant
List Price
$5,850,000
Sold Price
$4,046,500
Premium/Discount to List
-$1,803,500
-30.83%
Total Days on Market
418
Current Estimated Value
$9,950,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,904,378
Avg. Annual Appreciation
16.06%
Original Mortgage
$3,150,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 5, 2006
Sold by
Garvy Robert A
Bought by
Garvy Robert A and Garvy Carol K

Purchase Details

Closed on
Aug 4, 1997
Sold by
Lawrence K Ingber Tr
Bought by
Garvy Robert A

Purchase Details

Closed on
May 4, 1994
Sold by
Ingber Lieba B
Bought by
Ingber Lawrence K
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 Buyer Sale Price Title Company
David G Lambert 2015 Revocable Trust $4,046,500 Attorney
Garvy Robert A -- Attorney
Garvy Robert A $450,000 --
Ingber Lawrence K -- --
Ingber Lieba B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open David G Lambert 2015 Revocable $4,150,000
Closed Lambert David G $2,000,000
Closed Lambert David G $3,150,000
Previous Owner Garvy Robert A $2,000,000
Previous Owner Garvy Robert A $1,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2019 05/21/19 Sold $4,046,500 -30.8% $763 / Sq Ft
04/21/2019 04/21/19 Pending -- -- --
02/26/2018 02/26/18 For Sale $5,850,000 -- $1,103 / 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 $111,872 $5,561,817 -- --
2023 $112,743 $5,056,197 $0 $0
2022 $99,717 $4,596,543 $0 $0
2021 $73,074 $4,664,306 $3,542,544 $1,121,762
2020 $64,253 $3,779,925 $2,830,800 $949,125
2019 $36,270 $2,079,414 $0 $0
2018 $48,585 $2,903,130 $0 $0
2017 $48,582 $2,843,418 $0 $0
2016 $47,388 $2,784,934 $0 $0
2015 $48,930 $2,761,285 $0 $0
2014 $49,166 $2,739,370 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10409165

BeachesMLS

APN: 50-43-42-34-07-000-0180