NOT LISTED FOR SALE

206 Phipps Plaza Palm Beach, FL 33480

Estimated Value: $6,739,093

7 Beds
8 Baths
10,017 Sq Ft
$673/Sq Ft Est. Value

Last Sold November 02, 2018

Last sale price $4,220,000 $421 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $47,388/month

203 Days on Market

Highlights

  • Outdoor Pool
  • Waterfront
  • Mediterranean Architecture
  • Palm Beach Public School Rated A-
  • Wood Flooring
  • Lanai

About This Home

As of November 2018

Notable centerpiece estate property with a commanding view of historic Phipps Plaza. Prior home & office to Society Architect, John Volk & his family. Originally built in the 1920s. Revised & renovated over the years by Volk. The property is composed of a main residence with a separate guest residence. Offering includes a modern and airy office (aprox. 1925 SF). Additional amenities: Private garden, pool & two elevators. This estate includes beach access with 2 private carports. Through a private entryway onto Seaview Avenue, The Four Arts, and Palm Beach Day Academy are comfortable walking distances.

Last Agent to Sell the Property

BRUCE BERRY

The Corcoran Group License #SL-3378571 Listed on: 03/29/2018

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,062

Year Built

  • Built in 1926

Lot Details

  • 0.26 Acre Lot
  • Waterfront
  • Home has sun exposure from multiple directions
  • Back and Front Yard Fenced
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Tile

Interior Spaces

  • 10,017 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Ceiling Fan
  • Fireplace
  • Jalousie or louvered window
  • Awning
  • Single Hung Windows
  • Sliding Windows
  • Dining Room
  • Library
  • Utility Room
  • Hurricane or Storm Shutters

Kitchen

  • Double Oven
  • Electric Range
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Patio
  • Lanai

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Phipps Plaza Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434322100000012

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,062

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.26
  • Lot Size: 146
  • Subdivision Name: Phipps Plaza
  • Directions: Royal Palm Way east, left to S County Road to Phipps Plaza on left
  • Architectural Style: Mediterranean, Two Story
  • Garage Yn: Yes
  • Year Built: 1926
  • Location Tax Legal:Zoned: SFR
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 24062.0
  • Location Tax Legal:Tax Year2: 2017
  • General Property Description:Living Area: 10017.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 146
  • Floors:Hardwood: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Sliding: Yes
  • General Property Description:Lot SqFt: 11326
  • WaterSewer:City Water: Yes
  • Windows:Awning: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Windows:Single Hung: Yes
  • Roof:Barrel Tile: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Style:Mediterranean: Yes
  • Floors:StoneBrick: Yes
  • Exposure:West: Yes
  • Windows:Jalousie: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Electric, Oven-Double, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Flooring: Hardwood, Stone/Brick, Other Flooring
  • Interior Amenities: Cable, Ceiling Fan, Elevator, Fireplace, Pantry
  • Living Area: 10017.0
  • Window Features: Awning, Single Hung, Jalousie, Sliding
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: Yes

Exterior Features

  • Lot Features: Up To 10,889 SF
  • Pool Features: Pool, Fresh Water
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Hollow Tile
  • Exterior Features: Patio/Lanai, Fence-Back Wall, Fence-Front Wall, Storm Shutters, Sprinkler System
  • Roof: Barrel
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Fence-Front Wall: Yes
  • Construction:Hollow Tile: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached
  • Garage: Yes
  • Garage:_two_ Car: Yes

Utilities

  • Heating: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 11326.0
  • Parcel #: 50434322100000012
  • Zoning: SFR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 24062.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2018
Closed on
Oct 31, 2018
Sold by
Vold John K
Bought by
206 Phipps Plaza Llc
Seller's Agent
BRUCE BERRY
The Corcoran Group
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$4,220,000
Sold Price
$4,220,000
Current Estimated Value
$6,739,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,519,093

Purchase Details

Closed on
Oct 19, 2010
Sold by
Sablowsky Robert and Volk John K
Bought by
Volk John K

Purchase Details

Closed on
Dec 5, 2006
Sold by
Volk Lillian Jane Kinney
Bought by
Volk John K

Purchase Details

Closed on
Feb 24, 1998
Sold by
Lillian J K Volk Tr
Bought by
Volk Lillian J

Purchase Details

Closed on
Dec 10, 1996
Sold by
Lillian Jane Kinney Volk Tr
Bought by
Volk Lillian J K

Purchase Details

Closed on
Apr 15, 1996
Sold by
Volk Lillian Jane
Bought by
Volk Lillian J K
Source: Public Records

Range of Values:

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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
206 Phipps Plaza Llc $4,220,000 Attorney
Volk John K -- Attorney
Volk John K -- Attorney
Volk John K -- Attorney
Volk Lillian J $100 --
Volk Lillian J K $100 --
Volk Lillian J K $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 206 Phipps Plaza Llc $4,700,000
Previous Owner Volk John K $150,000
Previous Owner Volk John K $225,000
Previous Owner Volk John K $225,000
Previous Owner Volk John K $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2018 11/02/18 Sold $4,220,000 0.0% $421 / Sq Ft
10/18/2018 10/18/18 Pending -- -- --
03/29/2018 03/29/18 For Sale $4,220,000 -- $421 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $122,028 $5,878,045 -- --
2023 $127,520 $5,343,677 $0 $0
2022 $118,724 $4,857,888 $0 $0
2021 $97,026 $7,880,942 $6,121,440 $1,759,502
2020 $67,749 $4,014,784 $2,352,000 $1,662,784
2019 $63,334 $3,667,175 $2,128,000 $1,539,175
2018 $24,024 $1,418,361 $0 $0
2017 $24,062 $1,390,800 $0 $0
2016 $23,736 $1,353,285 $0 $0
2015 $24,231 $1,331,795 $0 $0
2014 $24,371 $1,321,101 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 18-765

APN: 50-43-43-22-10-000-0012