$5,049,225
SOLD JUN 4, 2020
4 Beds
4 Baths
4,067 Sq Ft
0.26 Acres

Recently Sold

$1,242 Per Sq Ft

9 Days on Market

Highlights

  • Pool and Spa
  • New Construction
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Waterfront
  • Bermuda Architecture

About This Home

As of June 2020

This elegant, newly constructed home was built by
Courchene Development and completed in 2019.
The residence is situated on a large lot, offering
over 4,900 total square feet, with 4 bedrooms, 4
full baths and 2 half baths. The home's open floor
plan lends itself to entertaining, both indoors and
out, with French doors opening to the outdoor
loggia, which has a built-in barbeque, pool, spa and
outdoor shower.
The solid mahogany front door leads you into the
foyer complete with an elevator, powder room,
and staircase to the second floor. The dining
room is open to the foyer and the living room for
easy entertaining and features beautiful moldings,
high ceilings, and windows looking out to the
front entry. The living room has a custom built-in
cabinet for a media center or to and/or books, as well as a wet bar with an undercounter
refrigerator and ice maker with cabinets above. In addition to the dining room, there is a breakfast area overlooking the pool. The kitchen offers top-of-the-line appliances with a six-burner Wolf range, a Thermador refrigerator and freezer, a large Thermador wine cooler, natural stone Quartzite countertops, and ample storage.

The gracious ground floor master suite has wide plank oak floors, large windows looking out to the garden and pool, two walk-in closets, a luxurious bathroom with a separate soaking tub and shower, two water closets, dual sinks, and vanity.

The library serves as a wonderful media area and/or office, conveniently located off of the kitchen/living room. A custom built-in cabinet warms up the room and adds extra storage and desk space. Three guest bedrooms are located on the second floor with wide plank oak floors, en-suite bathrooms, walk-in closets, and French doors that open onto private balconies.

The pool terrace, with beautiful limestone pavers, offers ample space for lounging and entertaining. Enjoy sitting under the covered loggia complete with built-in grill for al fresco dining. The spa and fountain feature flow into the pool making this a relaxing retreat.

Additional interior features include:
-Italian white marble flooring throughout the main
living areas
-Custom Crestron automation system with built-in
speakers and lighting
-Central vacuum system
-2-car garage
-Hurricane impact windows and doors
-Generator-ready poured slab and wiring.
-Lot Size: 100' x 115' approximately
-Ideally located one block from the beach and Lake
Trail. And only a short distance to restaurants, and
shopping

Last Agent to Sell the Property

Todd Peter

Sotheby's International Realty, Inc. License #BK-3049697 Listed on: 05/04/2020

Sotheby's International Realty, Inc.

Co-Listed By

FRANCES PETER

Sotheby's International Realty, Inc. License #3145843

Last Buyer's Agent

CHRISTIAN ANGLE

Earl A. Hollis, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,681

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 0.26 Acre Lot
  • Waterfront
  • North Facing Home
  • Property is zoned RB

Parking

  • 2 Car Garage

Home Design

  • Bermuda Architecture
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,067 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Central Vacuum
  • Library
  • Storage

Kitchen

  • Single Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door

Pool

  • Pool and Spa
  • Gas Heated Pool
  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Balcony
  • Patio
  • Lanai
  • Attached Grill

Utilities

  • Forced Air Zoned Heating and Cooling System

Community Details

  • No Home Owners Association
  • Mark Rafalsky Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434310040000470

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,681

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.26
  • Lot Size: 100
  • Subdivision Name: Mark Rafalsky
  • Architectural Style: Bermuda, Two Story
  • Garage Yn: Yes
  • Year Built: 2019
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 28681.48
  • Location Tax Legal:Tax Year2: 2018
  • General Property Description:Living Area: 4067.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 100
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • Style:Bermuda: Yes
  • General Property Description:Lot SqFt: 11500
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Pool:Salt Water: Yes
  • Special Features: None

Interior Features

  • Appliances: Disposal, Refrigerator, Refrigerator-Wine, Ice Maker, Range-Gas, Oven-Single, Microwave, Washer, Dryer, Central Vac System
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble
  • Interior Amenities: Elevator, Storage
  • Living Area: 4067.0
  • Window Features: Impact Glass-Full
  • Interior Features:Storage: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Elevator: Yes
  • Appliances:Oven-Single: Yes
  • Appliances:Range-Gas: Yes
  • Appliances:Central Vac System: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Salt Water, Heated - Gas, Spa
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco, New Construction
  • Exterior Features: Balcony, Patio/Lanai, Built-in Grill, Impact Doors, Impact Windows
  • Roof: Cement Tile
  • Exterior Features:Balcony: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Pool/Spa: Yes
  • Exterior Features:Built-in Grill: Yes
  • Construction:New Construction: Yes

Garage/Parking

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

Utilities

  • Security: Security System
  • 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: 11500.0
  • Parcel #: 50434310040000470
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 28681.48
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2021
Sold by
Ford Aaron W and Ford Julie Grace
Bought by
Ford Aaron W
Current Estimated Value
$8,542,000

Purchase Details

Listed on
May 4, 2020
Closed on
Jun 4, 2020
Sold by
Palm Beach Island Ventures Llc
Bought by
Ford Aaron W
Seller's Agent
Todd Peter
Sotheby's International Realty, Inc.
Buyer's Agent
CHRISTIAN ANGLE
Earl A. Hollis, Inc.
List Price
$5,049,225
Sold Price
$5,049,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,534,458
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2016
Closed on
Nov 18, 2016
Sold by
Forma John J
Bought by
Palm Beach Island Ventures Llc
Seller's Agent
Joseph Crawford
Keller Williams Coastal Partners
Buyer's Agent
Kourtney Pulitzer
Sotheby's Intl. Realty, Inc.
List Price
$2,250,000
Sold Price
$2,100,000
Premium/Discount to List
-$150,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.03%

Purchase Details

Closed on
May 23, 2011
Sold by
Hardy William A and Hardy Lesley B
Bought by
Forma John J and The John J Forma Revocable Trust Of 2007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2004
Sold by
Hardy Lesley B and Hardy William A
Bought by
Hardy William A and Hardy Lesley B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
3.88%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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 Type Sale Price Title Company
Interfamily Deed Transfer -- Attorney
Special Warranty Deed -- None Listed On Document
Warranty Deed $5,049,225 Patch Reef Title Company Inc
Trustee Deed $2,100,000 Title Matters Llc
Warranty Deed $1,000,000 None Available
Interfamily Deed Transfer -- Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,534,458 New Conventional
Previous Owner $1,300,000 Adjustable Rate Mortgage/ARM
Previous Owner $800,000 New Conventional
Previous Owner $150,000 Credit Line Revolving
Previous Owner $1,100,000 Negative Amortization
Previous Owner $250,000 Credit Line Revolving
Previous Owner $640,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $250,000 Credit Line Revolving
Previous Owner $182,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2020 06/04/20 Sold $5,049,225 0.0% $1,242 / Sq Ft
06/04/2020 06/04/20 Sold $5,049,225 0.0% $1,242 / Sq Ft
05/13/2020 05/13/20 Pending -- -- --
05/05/2020 05/05/20 Pending -- -- --
05/04/2020 05/04/20 For Sale $5,049,225 -19.2% $1,242 / Sq Ft
09/05/2019 09/05/19 For Sale $6,250,000 +197.6% $1,537 / Sq Ft
11/18/2016 11/18/16 Sold $2,100,000 -6.7% $835 / Sq Ft
10/19/2016 10/19/16 Pending -- -- --
09/25/2016 09/25/16 For Sale $2,250,000 0.0% $895 / Sq Ft
12/28/2015 12/28/15 Rented $11,500 -8.0% --
11/28/2015 11/28/15 Under Contract -- -- --
09/07/2015 09/07/15 For Rent $12,500 -- --
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
2021 $75,360 $4,626,675 $2,551,000 $2,075,675
2020 $67,520 $4,149,916 $2,268,375 $1,881,541
2019 $33,697 $2,070,000 $2,070,000 $0
2018 $28,681 $1,713,960 $1,713,960 $0
2017 $32,032 $1,868,686 $1,863,000 $5,686
2016 $28,199 $1,367,913 $0 $0
2015 $25,665 $1,243,557 $0 $0
2014 $24,424 $1,130,506 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 19-1750

APN: 50-43-43-10-04-000-0470