NOT LISTED FOR SALE

Estimated Value: $9,275,000 - $12,679,149

4 Beds
4 Baths
4,058 Sq Ft
$2,578/Sq Ft Est. Value

Last Sold August 25, 2020

Last sale price $5,050,000 $1,244 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $70,101/month

214 Days on Market

Highlights

  • Guest House
  • Home Theater
  • Waterfront
  • Palm Beach Public School Rated A-
  • Cabana
  • Mediterranean Architecture

About This Home

As of August 2020

Solitude and serenity await you in your own private retreat on the Island of Palm Beach. This stunning Spanish oasis is positioned on an almost half acre in-town lot which is surrounded by lush tropical landscaping providing true Palm Beach living. The single story, courtyard style home boasts vaulted ceilings with floor to ceiling sliding doors and skylights allowing the natural light to shine right in, making this home magical day or night. A lovely screened lanai overlooks the serene gardens just outside the formal living room, while the extra large lanai in the front provides shade and coverage while relaxing by the pool. The home features large guest rooms with en suite baths and closets, including an engaging, expansive master suite with custom closets and gorgeous marble bathroom. The open floor plan flows from the two large living/entertaining areas with a chef's kitchen in between. A separate cabana/guest house with kitchen features a private entrance making this the perfect home to live and entertain in. The oversized three car garage and whole home generator continue to make you feel like you never have to leave. The beautiful estate is on a very quiet street just a block from the beach on one side, and Intracoastal lake path on the other.
This amazing property is just a short distance from the Breakers, the new Royal Poinciana shopping area, and all that Palm Beach has to offer.

Last Agent to Sell the Property

B. DUERR

William Raveis South Florida License #3117391 Listed on: 12/13/2019

Last Buyer's Agent

Christian Angle

Christian Angle Real Estate License #703536

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $85,348

Year Built

  • Built in 1993

Lot Details

  • 0.45 Acre Lot
  • Waterfront
  • North Facing Home
  • Back and Front Yard Fenced
  • Property is zoned RB

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,058 Sq Ft Home
  • 1-Story Property
  • Sound System
  • Ceiling Fan
  • Awning
  • Sliding Windows
  • Casement Windows
  • Dining Room
  • Home Theater
  • Library
  • Storage
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms
  • Bidet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Pool

  • Cabana
  • Gas Heated Pool
  • Outdoor Pool
  • Saltwater Pool

Additional Homes

  • Guest House

Utilities

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

Community Details

  • No Home Owners Association
  • Adams Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434314070000280

Home Details

Home Type

Single Family

Est. Annual Taxes

$85,348

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.45
  • Lot Size: 100
  • Subdivision Name: Adams Addition
  • Directions: North County to Wells Road, left on Wells Road, home on the left.
  • Architectural Style: Mediterranean, One Story
  • Year Built: 1993
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 85348.0
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 4058.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • Floors:Tile: 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:WW Carpeting: Yes
  • WaterSewer:Sewer: Yes
  • Windows:Sliding: Yes
  • General Property Description:Lot SqFt: 19602
  • WaterSewer:City Water: Yes
  • Windows:Awning: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Style:One Story: Yes
  • Roof:Barrel Tile: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Auto Garage Door Opener: Yes
  • Style:Mediterranean: Yes
  • Windows:Casement: Yes
  • Pool:Salt Water: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Gas, Oven-Double, Microwave, Washer, Dryer
  • Total Bedrooms: 4
  • Flooring: Tile, W/W Carpeting
  • Interior Amenities: Bidet, Cable, Ceiling Fan, Sound System, Smoke Detectors, Storage, Wndw Trmnts Included, Pantry
  • Living Area: 4058.0
  • Window Features: Awning, Casement, Sliding
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: 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:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Appliances:Oven-Double: Yes
  • Other Rooms:Dining Area: Yes
  • Interior Features:Bidet: Yes
  • Appliances:Range-Gas: Yes
  • Interior Features:Sound System: Yes
  • Other Rooms:Media Room: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Salt Water, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Cabana, Fence-Back Wall, Fence-Front Wall, Storm Shutters, Guesthouse/Cottage
  • Roof: Barrel
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Cabana: Yes
  • Exterior Features:GuesthouseCottage: Yes
  • Exterior Features:Fence-Front Wall: Yes

Garage/Parking

  • Parking Features: 3 Car, Attached, Door Opener
  • Garage: Yes
  • Garage:_three_ 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: Yes
  • Lot Size Sq Ft: 19602.0
  • Parcel #: 50434314070000280
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 85348.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2015
Closed on
Aug 23, 2016
Sold by
Levin Rosana
Bought by
Sechler Scott Ivan and Sechler Monica Lynn
Seller's Agent
Robert Hardin
Illustrated Properties
Buyer's Agent
Robert Hardin
Illustrated Properties
List Price
$5,200,000
Sold Price
$4,450,000
Premium/Discount to List
-$750,000
-14.42%
Current Estimated Value
$10,415,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,965,926
Avg. Annual Appreciation
10.02%
Original Mortgage
$3,115,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 1996
Sold by
Scharage Stuart L and Scharage Joan B
Bought by
Vegosen Dean
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
Sechler Scott Ivan $4,450,000 None Available
Vegosen Dean $1,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 341 Garden Road Opco Llc $2,000,000
Open Garden Road Opco Llc $100,000,000
Closed 341 Garden Road Opco Llc $2,200,000
Closed Sechler Scott Ivan $3,115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2020 08/25/20 Sold $5,050,000 0.0% $1,244 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
12/13/2019 12/13/19 For Sale $5,050,000 +13.5% $1,244 / Sq Ft
08/24/2016 08/24/16 Sold $4,450,000 -14.4% $1,097 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
10/06/2015 10/06/15 For Sale $5,200,000 -- $1,281 / 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 $150,894 $7,973,618 -- --
2023 $142,037 $7,248,744 $0 $0
2022 $123,548 $6,589,767 $0 $0
2021 $98,633 $5,990,697 $4,806,450 $1,184,247
2020 $91,594 $5,467,573 $4,022,460 $1,445,113
2019 $85,683 $5,002,898 $3,910,725 $1,092,173
2018 $83,737 $5,587,323 $4,971,371 $615,952
2017 $72,387 $4,262,062 $3,637,589 $624,473
2016 $37,163 $2,190,468 $0 $0
2015 $38,431 $2,175,241 $0 $0
2014 $38,616 $2,157,977 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 19-2459

APN: 50-43-43-14-07-000-0280