NOT LISTED FOR SALE

Estimated Value: $8,072,254 - $8,639,000

0.38 Acre
$22,113,334 Price per Acre
16,474 Sq Ft Lot

Last Sold March 28, 2024

Last sale price $8,350,000 $2,467 Per Sq Ft

Current estimated payment $48,968/month

175 Days on Market

Highlights

  • Beach Front
  • Palm Beach Public School Rated A-
  • Paved or Partially Paved Lot

About This Lot

As of March 2024

Substantial 16,474 sf property on a prominent north end street with beach access & direct lake trail access. A lovingly-maintained 4 bedroom, 4.5 bathroom home with pool, and rear two-car garage with a private lane for access.

Last Agent to Sell the Property

Cara McClure

Douglas Elliman License #3177951 Listed on: 07/18/2023

Douglas Elliman

Co-Listed By

LISA WILKINSON

Douglas Elliman License #3254735

Last Buyer's Agent

Thor Brown

Compass Florida LLC (PB) License #3022293

Compass Florida LLC (PB)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,710

Year Built

  • 1961

Lot Details

  • 0.38 Acre Lot
  • Beach Front
  • Paved or Partially Paved Lot
  • Site Plan Filed
  • Property is zoned R-B(ci

Location

  • City Lot

Community Details

  • Coral Est Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303180000040

Property Details

Property Type

Land

Est. Annual Taxes

$23,710

Year Built

1961

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: N Ocean Blvd to Via Marila
  • Special Features: VirtualTour
  • Year Built: 1961

Exterior Features

  • Lot Features: Beach Front, City Lot
  • Road Surface Type: Paved
  • Waterfront: No

Lot Info

  • Parcel #: 50434303180000040
  • Development Status: Site Plan Filed
  • Lot Size: 100.0 ft x 165.0 ft
  • Lot Size Sq Ft: 16474.0
  • Zoning Description: R-B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 23710.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2023
Closed on
Mar 27, 2024
Sold by
Marilyn S Meyerhoff Revocable Trust and Meyerhoff Tom O
Bought by
216 Vm Llc
Seller's Agent
Cara McClure
Douglas Elliman
Buyer's Agent
Thor Brown
Compass Florida LLC (PB)
List Price
$10,500,000
Sold Price
$8,350,000
Premium/Discount to List
-$2,150,000
-20.48%
Total Days on Market
175
Views
143
Current Estimated Value
$8,363,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,064
Avg. Annual Appreciation
0.13%
Original Mortgage
$4,200,000
Outstanding Balance
$2,172,214
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$6,190,850

Purchase Details

Closed on
Jun 2, 2010
Sold by
Meyerhoff Marilyn
Bought by
Meyerhoff Marilyn S

Purchase Details

Closed on
Oct 28, 1997
Sold by
Le Lynne D and Chase Manhattan Bank Tr
Bought by
Mayerhoff Marilyn

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
7.55%
Mortgage Type
New Conventional
Source: Public Records

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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
216 Vm Llc $8,350,000 None Listed On Document
Meyerhoff Marilyn S -- None Available
Mayerhoff Marilyn $100 --
Meyerhoff Marilyn $1,110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 216 Vm Llc $4,200,000
Previous Owner Meyerhoff Marilyn $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Sold $8,350,000 -16.1% $2,467 / Sq Ft
01/10/2024 01/10/24 Pending -- -- --
11/29/2023 11/29/23 Price Changed $9,950,000 -5.2% $2,939 / Sq Ft
07/18/2023 07/18/23 For Sale $10,500,000 -- $3,102 / 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 $24,258 $1,590,508 -- --
2023 $23,688 $1,544,183 $0 $0
2022 $23,710 $1,499,207 $0 $0
2021 $24,159 $1,455,541 $0 $0
2020 $24,191 $1,435,445 $0 $0
2019 $24,137 $1,403,172 $0 $0
2018 $22,964 $1,377,009 $0 $0
2017 $22,951 $1,348,687 $0 $0
2016 $22,207 $1,320,947 $0 $0
2015 $22,962 $1,311,765 $0 $0
2014 $23,072 $1,301,354 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10905052

BeachesMLS

APN: 50-43-43-03-18-000-0040