$7,025,000
SOLD FEB 26, 2024
5 Beds
7 Baths
3,670 Sq Ft
8,625 Sq Ft Lot

Recently Sold

$1,914 Per Sq Ft

5% Below List Price

65 Days on Market

Highlights

  • New Construction
  • Saltwater Pool
  • Mediterranean Architecture
  • Palm Beach Public School Rated A-
  • Wood Flooring
  • Great Room

About This Home

As of February 2024

8625 SF Lot | Heart of El Cid 4 Bedroom,4.5 Bathroom Main House 1 Bedroom, 1 full Bathroom, Cottage | One Car Garage | Port-Cochere | Pool; Walnut Wood Floors, Vanbert Kitchen (Solid Oak Custom Cabinets), Wolf Appliances (Sub-zero, Wolf, Cove) Dornbracht Master Bath (Fluted Walnut Cabinets), Exquisite Finishes throughout, Elevator, Custom live wall with copper scuppers, outdoor shower (Stained Cedar) and more...

Last Agent to Sell the Property

Tommy Holmes

Illustrated Properties License #3286356 Listed on: 11/22/2023

Illustrated Properties

Last Buyer's Agent

Lori D'aversa

RE/MAX Prestige Realty/WPB License #3265924

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,313

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 8,625 Sq Ft Lot
  • Fenced
  • Property is zoned SF14-C3

Parking

  • 1 Car Garage

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 3,670 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Great Room
  • Den
  • Impact Glass

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Saltwater Pool
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Water Not Available

Community Details

  • Pershing Park Lake Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 74434327320010120

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,313

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: From S Flagler, West on Pershing Way, North side of street (Lake Block)
  • Year Built: 2023
  • Architectural Style: Mediterranean
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: 4098

Interior Features

  • Interior Amenities: Wet Bar, Elevator
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Tile, Wood
  • Living Area: 3670.0
  • Dining Room Type: Den, Great Room, Storage Room
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Balcony, Fence
  • Lot Features: < 1/4 Acre
  • Pool Features: Heated, Pool, Salt Water
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: New Construction

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: None, Water Not Available
  • Water Source: None

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 74434327320010120
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 8625.0
  • Zoning Description: SF14-C3
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 23313.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2023
Closed on
Feb 26, 2024
Sold by
Moore Gayle Mattson
Bought by
Pershing Associates Llc
Seller's Agent
Tommy Holmes
Illustrated Properties
Buyer's Agent
Lori D'aversa
RE/MAX Prestige Realty/WPB
List Price
$7,395,000
Sold Price
$7,025,000
Premium/Discount to List
-$370,000
-5%
Views
37
Current Estimated Value
$6,415,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$609,060
Avg. Annual Appreciation
-6.32%

Purchase Details

Listed on
Sep 30, 2020
Closed on
Oct 27, 2020
Sold by
Dunn Nancy
Bought by
Moore Gayle Mattson
Seller's Agent
LISA WILKINSON
Douglas Elliman
Buyer's Agent
Tommy Holmes
Illustrated Properties
List Price
$1,050,000
Sold Price
$1,000,000
Premium/Discount to List
-$50,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.58%

Purchase Details

Closed on
Jan 25, 2019
Sold by
Bate Hugh D and Bate Sarah E
Bought by
Dunn Nancy

Purchase Details

Closed on
Oct 3, 1996
Sold by
Hynes John and Caniff Lisa M
Bought by
Bate Hugh D and Bate Sarah E

Purchase Details

Closed on
Nov 2, 1993
Sold by
Hynes John and Hynes Jackie
Bought by
Hynes John
Source: Public Records

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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
Warranty Deed $7,025,000 None Listed On Document
Warranty Deed $1,000,000 Standard Title Ins Agcy Inc
Warranty Deed $935,000 Attorney
Warranty Deed $170,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,525,000 New Conventional
Previous Owner $1,615,835 Construction
Previous Owner $332,000 New Conventional
Previous Owner $75,000 Unknown
Previous Owner $525,000 Unknown
Previous Owner $423,000 Unknown
Previous Owner $150,000 Credit Line Revolving
Previous Owner $300,000 Unknown
Previous Owner $30,000 New Conventional
Previous Owner $30,000 New Conventional
Previous Owner $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2024 02/26/24 Sold $7,025,000 -5.0% $1,914 / Sq Ft
01/27/2024 01/27/24 Pending -- -- --
11/22/2023 11/22/23 For Sale $7,395,000 +639.5% $2,015 / Sq Ft
10/27/2020 10/27/20 Sold $1,000,000 -4.8% $577 / Sq Ft
09/30/2020 09/30/20 For Sale $1,050,000 -- $606 / 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 $94,455 $4,413,878 -- --
2023 $23,313 $877,250 $1,688,750 $0
2022 $21,774 $797,500 $0 $0
2021 $20,833 $945,207 $725,000 $220,207
2020 $13,431 $640,923 $0 $0
2019 $4,518 $233,255 $0 $0
2018 $4,260 $228,906 $0 $0
2017 $4,189 $224,198 $0 $0
2016 $4,175 $219,587 $0 $0
2015 $4,256 $218,061 $0 $0
2014 $4,260 $216,330 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10938016

BeachesMLS

APN: 74-43-43-27-32-001-0120