NOT LISTED FOR SALE

Estimated Value: $8,812,000 - $16,532,282

4 Beds
5 Baths
4,128 Sq Ft
$2,807/Sq Ft Est. Value

Last Sold November 25, 2020

Last sale price $7,440,000 $1,802 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $80,991/month

16 Days on Market

Highlights

  • Property has ocean access
  • Pool and Spa
  • Waterfront
  • Palm Beach Public School Rated A-
  • New Construction
  • Marble Flooring

About This Home

As of November 2020

Brand new custom 4 bedroom home designed by Smith & Moore. Designer gardens and brick paver drive welcomes you home. Marble flooring enhances the natural light on the first floor. An elegant foyer opens to the living room w/fireplace & formal dining area, open kitchen w/breakfast area, family room & living room w/fireplace and dining area all overlook the covered loggia, pergola patio and pool garden. A guest suite and library compete the 1st level. The upstairs master suite with breakfast bar and separate baths and walk-in closets is joined by 2 more en-suite guest suites. All living areas enjoy covered outdoor spaces with travertine tile & overlook the spa, heated pool with sun shelf and gardens. 2-car garage, elevator, full generator and Beach Cabana rights complete the offering. DISCLAIMER: Information published or otherwise provided by Premier Estate Properties, Inc. and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Premier Estate Properties, Inc. expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. Premier Estate Properties, Inc. participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to Premier Estate Properties, Inc. and may be listed or have sold with other members of the Multiple Listing Service. Transactions where Premier Estate Properties, Inc. represented both buyers and sellers are calculated as two sales. Premier Estate Properties, Inc.'s marketplace is all of the following: Vero Beach, Town of Orchid, Indian River Shores, Town of Palm Beach, West Palm Beach, Manalapan Beach, Point Manalapan, Hypoluxo Island, Ocean Ridge, Gulf Stream, Delray Beach, Highland Beach, Boca Raton, East Deerfield Beach, Hillsboro Beach, Hillsboro Shores, East Pompano Beach, Lighthouse Point, Sea Ranch Lakes and Fort Lauderdale. Cooperating Brokers are advised that in the event of a Buyer default, no commission will be paid to a cooperating Broker on the Deposits retained by the Seller. No commissions are paid to any cooperating broker until title passes or upon actual commencement of a lease. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Copyright 2020 Premier Estate Properties, Inc. All Rights Reserved.

Last Agent to Sell the Property

JIM McCANN

Premier Estate Properties, Inc. - Palm Beach License #BK-397290 Listed on: 10/12/2020

Last Buyer's Agent

Todd Peter

GRIKITIS PETER GROUP LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,847

Year Built

  • Built in 2020 | New Construction

Lot Details

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

Parking

  • 2 Car Attached Garage

Home Design

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

Interior Spaces

  • 4,128 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Sound System
  • Ceiling Fan
  • Fireplace
  • Dining Area
  • Library

Kitchen

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

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Pool

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

Outdoor Features

  • Property has ocean access
  • Balcony
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Ocean Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303030000110

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,847

Year Built

Built in 2020 | 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: Ocean Terrace
  • Architectural Style: Two Story, Other Style
  • Garage Yn: Yes
  • Year Built: 2020
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 38847.0
  • Location Tax Legal:Tax Year2: 2020
  • General Property Description:Living Area: 4128.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: 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
  • General Property Description:Lot SqFt: 11300
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:South: Yes
  • Windows:Impact Glass: Yes
  • Pool:Salt Water: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Gas, Oven-Single, Microwave, Washer, Dryer, Central Vac System
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood, Marble
  • Interior Amenities: Cable, Ceiling Fan, Elevator, Fireplace, Sound System, Smoke Detectors, Wet Bar, Wndw Trmnts Included
  • Living Area: 4128.0
  • Window Features: Impact Glass, Impact Glass-Full
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Appliances:Central Vac System: Yes
  • Interior Features:Sound 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, Ocean Access-Deeded, 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
  • Exterior Features:Ocean Access-Deeded: Yes
  • Pool/Spa: Yes
  • Construction:New Construction: Yes

Garage/Parking

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

Utilities

  • Security: Security System
  • Heating: Central Air
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 11300.0
  • Parcel #: 50434303030000110
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 38847.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2021
Sold by
Volling Jeffrey and Volling Lisa
Bought by
Burger Thomas A and Burger Devon
Current Estimated Value
$11,586,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500,000
Outstanding Balance
$5,245,024
Interest Rate
2.33%
Mortgage Type
New Conventional
Estimated Equity
$6,000,929

Purchase Details

Listed on
Oct 12, 2020
Closed on
Nov 25, 2020
Sold by
1963 Trust 211 Ocean Terrace Llc
Bought by
Volling Jeffrey and Volling Lisa
Seller's Agent
JIM McCANN
Premier Estate Properties, Inc. - Palm Beach
Buyer's Agent
Todd Peter
GRIKITIS PETER GROUP LLC
List Price
$7,440,000
Sold Price
$7,440,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.07%
Original Mortgage
$5,000,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2018
Sold by
Asplundh Carl Hj and Smith Rowland M
Bought by
1963 Trust 211 Ocean Terrace Llc

Purchase Details

Closed on
Jan 20, 2017
Sold by
Stefanski Marc
Bought by
Hj Asplundh Jr Carl and Smith Rowland M

Purchase Details

Closed on
Dec 14, 2015
Sold by
201 Ocean Terrace Llc
Bought by
Stefanski Marc

Purchase Details

Closed on
Jun 14, 2012
Sold by
Cooney Robert A and Cooney Anne Tennant
Bought by
211 Ocean Terrace Llc

Purchase Details

Closed on
Oct 9, 1996
Sold by
Cooney Robert A and Cooney Anne
Bought by
Cooney Robert A and Cooney Anne T

Purchase Details

Closed on
Nov 13, 1995
Sold by
Eardensohn Victoria G and Eardensohn Paul D
Bought by
Cooney Robert A and Tennant Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
7.55%
Mortgage Type
New Conventional
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
Burger Thomas A $12,475,000 Attorney
Volling Jeffrey $7,440,000 Attorney
1963 Trust 211 Ocean Terrace Llc $2,750,000 Attorney
Hj Asplundh Jr Carl $3,000,000 Attorney
Stefanski Marc $5,699,000 Attorney
211 Ocean Terrace Llc $1,236,750 Attorney
Cooney Robert A $100 --
Cooney Robert A $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burger Thomas A $6,500,000
Previous Owner Volling Jeffrey $5,000,000
Previous Owner Cooney Robert A $274,000
Previous Owner Cooney Robert A $351,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $7,440,000 0.0% $1,802 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $7,440,000 -- $1,802 / 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 $214,323 $12,815,738 -- --
2023 $218,764 $11,650,671 $0 $0
2022 $164,797 $10,591,519 $0 $0
2021 $96,839 $5,922,036 $2,475,357 $3,446,679
2020 $38,682 $2,300,161 $2,300,161 $0
2019 $35,965 $2,091,055 $2,091,055 $0
2018 $34,827 $2,091,055 $2,091,055 $0
2017 $33,860 $1,988,763 $1,988,763 $0
2016 $34,207 $1,988,763 $0 $0
2015 $25,293 $1,385,450 $0 $0
2014 $22,855 $1,259,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-1710

APN: 50-43-43-03-03-000-0110