NOT LISTED FOR SALE

201 Banyan Rd Palm Beach, FL 33480

Estimated Value: $5,034,000 - $11,770,949

6 Beds
7.5 Baths
6,308 Sq Ft
$1,375/Sq Ft Est. Value

Last Sold February 24, 2021

Last sale price $7,630,000 $1,210 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $56,271/month

185 Days on Market

Highlights

  • Heated Pool
  • Roman Tub
  • Attic
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • High Ceiling

About This Home

As of February 2021

Stately and sophisticated, this 1930's Georgian sits in the heart of the prestigious Estate Section. Spacious, bright living spaces include entry foyer with 17' ceilings, proper formal dining room and living room, gourmet kitchen, library, office, 6 bedrooms and 7 1/2 baths. This stunning home has gorgeous crown molding detail, walls painted by Italian artists, a 1200 bottle temperature controlled wine room, 19th Century Georgian mantels on Living Room and bedroom fireplaces, master with his & hers baths and extensive walk-in closets, surround sound inside and out, impact windows & doors, new roof and a full house generator capable of running all 14 tons of A/C. A 600+ square foot poolside loggia is breathtaking with (MORE)

Last Agent to Sell the Property

Cathy Casella

Brown Harris Stevens of PB License #3050060 Listed on: 07/23/2020

Brown Harris Stevens of PB

Last Buyer's Agent

Christian Angle

Christian Angle Real Estate License #703536

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $95,469

Year Built

  • Built in 1932

Lot Details

  • 0.35 Acre Lot
  • Fenced
  • Sprinkler System
  • Property is zoned RA

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Tile Roof

Interior Spaces

  • 6,308 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • High Ceiling
  • Ceiling Fan
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Family Room
  • Den
  • Pool Views
  • Pull Down Stairs to Attic

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Clay
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Roman Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Heated Pool
  • Open Patio
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434326000020380

Community Details

Overview

  • El Bravo Park Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$95,469

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: South County Road between A1A & Worth on the Northwest corner of Banyan and South County. Entrance is on South County
  • Year Built: 1932
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Attic, Wet Bar, Bidet, Dual Sinks, Entrance Foyer, French Door(s)/Atrium Door(s), Fireplace, Garden Tub/Roman Tub, High Ceilings, Pull Down Attic Stairs, Split Bedrooms, Walk-In Closet(s)
  • Appliances: Built-In Oven, Dryer, Dishwasher, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Carpet, Clay, Marble, Wood
  • Living Area: 6308.0
  • Dining Room Type: Den, Family Room, Laundry
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Fence, Porch, Patio
  • View: Pool
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Brick Veneer, Block
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Flat, Tile

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, Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Trail(s)
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434326000020380
  • Lot Size: 162.0 ft x 94.0 ft
  • Lot Size Sq Ft: 15382.0
  • Zoning Description: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 95469.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2020
Closed on
Feb 24, 2021
Sold by
Hamm Edward H and Amended And Restated Tr Of Edw
Bought by
Lipschutz Lester E and 201 Banyan Trust
Seller's Agent
Cathy Casella
Brown Harris Stevens of PB
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$9,500,000
Sold Price
$7,630,000
Premium/Discount to List
-$1,870,000
-19.68%
Current Estimated Value
$8,671,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,041,650
Avg. Annual Appreciation
2.80%

Purchase Details

Closed on
Jul 20, 2017
Sold by
Hamm Edward Hersey
Bought by
Hamm Edward H and Restated Trust Of Edward H Hamm

Purchase Details

Closed on
May 8, 2017
Sold by
Simmons Carol
Bought by
Hamm Edward Hersey

Purchase Details

Closed on
May 11, 2010
Sold by
Rathborne Carol Simmons and Simmons Carol
Bought by
Simmons Carol and The Carol Simmons Revocable Trust

Purchase Details

Closed on
May 8, 2002
Sold by
1604 Lp
Bought by
Rathborne Carol Simmons

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
7.18%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Lipschutz Lester E $7,630,000 Attorney
Hamm Edward H -- Attorney
Hamm Edward Hersey $9,000,000 None Available
Simmons Carol -- Attorney
Rathborne Carol Simmons $3,950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rathborne Carol Simmons $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2021 02/24/21 Sold $7,630,000 -19.7% $1,210 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
07/23/2020 07/23/20 For Sale $9,500,000 -- $1,506 / 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 $123,551 $8,334,841 -- --
2023 $121,082 $8,092,079 $0 $0
2022 $121,308 $7,856,387 $0 $0
2021 $96,478 $5,935,217 $3,960,000 $1,975,217
2020 $95,554 $5,722,734 $3,888,000 $1,834,734
2019 $95,845 $5,620,910 $3,780,000 $1,840,910
2018 $94,627 $5,734,363 $3,529,367 $2,204,996
2017 $93,170 $5,524,507 $3,188,227 $2,336,280
2016 $90,551 $5,254,685 $0 $0
2015 $91,831 $5,116,412 $0 $0
2014 $86,864 $4,777,326 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10641076

BeachesMLS

APN: 50-43-43-26-00-002-0380