218 La Puerta Way Palm Beach, FL 33480
North End Neighborhood
0.29
Acre
$17,068,966
Price per Acre
12,632
Sq Ft Lot
Highlights
- Beach Front
- Palm Beach Public School Rated A-
- Interior Lot
About This Lot
As of June 2020In the hot North End of Palm Beach Island exists this very rare opportunity to create all of one's dreams: Close to the Beach, Beach Access, Oversized Street, 2 Street Lot. Endless opportunities with this 100 x 250 lot, can have one of the last huge lots (totaling over 26,000+/- SF) or have 2 build-able lots of 100 x 125 each. Only 4 houses off the beach.Renderings are what could possibly be built on total lot. Plans for 10BR/10.3BA, Exercise Room, Message Room, main house 6BR/6.2BA, separate guest house with 4 car garage, 4/4 guest house, garages and main house on separate streets, a very rare opportunity. Plans are subject to PB Town code and zoning, asking price does not include permits or building plans.
Last Agent to Sell the Property
William Raveis Real Estate License #3226762 Listed on: 11/18/2016
Property Details
Property Type
- Land
Est. Annual Taxes
- $62,908
Year Built
- 1940
Lot Details
- 0.29 Acre Lot
- Beach Front
- Interior Lot
- Paved or Partially Paved Lot
- Site Plan Filed
- Property is zoned RB
Community Details
- El Encanto In Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434302010000310
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 31, 2021
Sold by
Marcus Jeffrey A and Marcus Nicola
Bought by
Jones Kevin R
Total Days on Market
112
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000,000
Outstanding Balance
$6,419,852
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$3,597,437
Purchase Details
Listed on
Nov 21, 2018
Closed on
Jun 9, 2020
Sold by
218 Lpw Llc
Bought by
Marcus Jeffery A and Marcus Nicola
Seller's Agent
SUZANNE FRISBIE
Premier Estate Properties, Inc. - Palm Beach
Buyer's Agent
SUZANNE FRISBIE
MCCANN COYNER CLARKE
List Price
$5,939,000
Sold Price
$5,939,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.04%
Purchase Details
Closed on
Dec 19, 2013
Sold by
Ocean Way Llc
Bought by
Champion Venture Holdings Llc
Purchase Details
Closed on
Jun 9, 2005
Sold by
Lowenthal Terriann
Bought by
Ocean Way Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,475,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 4, 2004
Sold by
Lowenthal Eleanor
Bought by
Lowenthal Terriann
Similar Property in Palm Beach, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $10,340,000 | Attorney | |
| Warranty Deed | $5,939,000 | Attorney | |
| Warranty Deed | $3,500,000 | Attorney | |
| Warranty Deed | $3,300,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,500,000 | Credit Line Revolving | |
| Open | $7,000,000 | Commercial | |
| Previous Owner | $2,475,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2020 06/09/20 | Sold | $5,939,000 | 0.0% | $1,301 / Sq Ft |
| 06/01/2020 06/01/20 | Pending | -- | -- | -- |
| 11/21/2018 11/21/18 | For Sale | $5,939,000 | +20.0% | $1,301 / Sq Ft |
| 04/10/2017 04/10/17 | Sold | $4,950,000 | -14.7% | $1,337 / Sq Ft |
| 03/11/2017 03/11/17 | Pending | -- | -- | -- |
| 11/18/2016 11/18/16 | For Sale | $5,800,000 | -- | $1,566 / Sq Ft |
Source: BeachesMLS
Tax History Compared to Growth
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 | $132,263 | $8,857,772 | -- | -- |
| 2023 | $148,001 | $9,828,563 | $0 | $0 |
| 2022 | $148,281 | $9,542,294 | $0 | $0 |
| 2021 | $89,853 | $5,468,915 | $2,737,281 | $2,731,634 |
| 2020 | $84,085 | $5,031,126 | $2,543,547 | $2,487,579 |
| 2019 | $38,949 | $2,312,315 | $2,312,315 | $0 |
| 2018 | $37,684 | $2,312,315 | $2,312,315 | $0 |
| 2015 | $37,017 | $2,036,175 | $0 | $0 |
| 2014 | $33,764 | $1,851,068 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
S
Seller's Agent in 2020
SUZANNE FRISBIE
Premier Estate Properties, Inc. - Palm Beach
-
p
Buyer's Agent in 2020
pbb.rets.frisst
pbb.rets.RETS_OFFICE
-
Jack Elkins
J
Seller's Agent in 2017
Jack Elkins
William Raveis Real Estate
(561) 373-2198
25 Total Sales
-
Erin Hiatt
E
Seller Co-Listing Agent in 2017
Erin Hiatt
William Raveis Real Estate
(561) 655-6570
5 Total Sales
Map
Source: BeachesMLS
MLS Number: R10285051
APN: 50-43-43-02-01-000-0310
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