R
Seller's Agent in 2024
Richard Frisbie
The Corcoran Group
(561) 394-7700
1 in this area
3 Total Sales
220 Arabian Rd Palm Beach, FL 33480
North End NeighborhoodEstimated Value: $7,128,000
0.26
Acre
$27,680,812
Price per Acre
11,217
Sq Ft Lot
Highlights
- Beach Front
- Palm Beach Public School Rated A-
- Paved or Partially Paved Lot
About This Lot
As of April 2024Rare opportunity for a custom build in Palm Beach's north end with approved ARCOM plans. Price listed is for Land only. Architect Roger Janssen has envisioned a beautiful and thoughtfully designed 6BR/7BA home on this quintessential north end street. Approximate square footage is 4,557 total and 3,711 under air which excludes the garage. Total enclosed is approx. 4,997 which includes 440 sf for garage. Arabian also includes beach access to one of the deepest/most pristine beaches on PB island. This is a rare opportunity you don't want to miss.
Last Agent to Sell the Property
The Corcoran Group License #3417714 Listed on: 12/06/2023
Property Details
Property Type
- Land
Est. Annual Taxes
- $73,560
Lot Details
- 0.26 Acre Lot
- Beach Front
- Paved or Partially Paved Lot
- Property is zoned R-B
Community Details
- Boca Ratone Colet Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434234020000772
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 6, 2023
Closed on
Mar 29, 2024
Sold by
220 Arabian Llc and 206 Caribbean Llc
Bought by
220 Arabian Road Llc
Seller's Agent
Richard Frisbie
The Corcoran Group
Buyer's Agent
Stephen Ploof
Compass Florida LLC
List Price
$8,900,000
Sold Price
$8,500,000
Premium/Discount to List
-$400,000
-4.49%
Views
41
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,372,000
Avg. Annual Appreciation
-9.47%
Original Mortgage
$8,250,000
Outstanding Balance
$8,104,258
Interest Rate
6.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$976,258
Purchase Details
Listed on
Dec 1, 2022
Closed on
Feb 14, 2023
Sold by
Wick Walter D
Bought by
206 Caribbean Llc
Seller's Agent
Tommy Holmes
Illustrated Properties LLC
Buyer's Agent
pbb.rets.frisst
pbb.rets.RETS_OFFICE
List Price
$8,895,000
Sold Price
$4,600,000
Premium/Discount to List
-$4,295,000
-48.29%
Views
56
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.18%
Purchase Details
Listed on
Jun 10, 2022
Closed on
Jun 30, 2022
Sold by
Carlino Richard J
Bought by
Wick Walter D
Seller's Agent
Stephen Hall
Compass Florida LLC
Buyer's Agent
Tommy Holmes
Illustrated Properties
List Price
$6,975,000
Sold Price
$6,750,000
Premium/Discount to List
-$225,000
-3.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-46.67%
Purchase Details
Closed on
May 5, 2015
Sold by
Carlino Peter M and Carlino David E
Bought by
Carlino Richard J
Purchase Details
Closed on
May 4, 2015
Sold by
Carlino Capital Management Corporation
Bought by
Carlino Richard J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 220 Arabian Road Llc | $8,500,000 | Trident Title | |
| 220 Arabian Road Llc | $8,500,000 | Trident Title | |
| 206 Caribbean Llc | $4,600,000 | -- | |
| Wick Walter D | $6,750,000 | None Listed On Document | |
| Carlino Richard J | $1,400,000 | None Available | |
| Carlino Richard J | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 220 Arabian Road Llc | $8,250,000 | |
| Closed | 220 Arabian Road Llc | $8,250,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/01/2024 04/01/24 | Sold | $8,500,000 | -4.5% | $3,454 / Sq Ft | |
| 02/11/2024 02/11/24 | Pending | -- | -- | -- | |
| 12/09/2023 12/09/23 | For Sale | $8,900,000 | +93.5% | $3,616 / Sq Ft | |
| 02/14/2023 02/14/23 | Sold | $4,600,000 | -48.3% | $1,869 / Sq Ft | View Prior Sale |
| 02/11/2023 02/11/23 | Pending | -- | -- | -- | |
| 12/01/2022 12/01/22 | For Sale | $8,895,000 | +31.8% | $3,614 / Sq Ft | |
| 07/06/2022 07/06/22 | Sold | $6,750,000 | -3.2% | $2,743 / Sq Ft | View Prior Sale |
| 06/10/2022 06/10/22 | For Sale | $6,975,000 | -- | $2,834 / Sq Ft |
Source: BeachesMLS (Greater Fort Lauderdale)
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 |
|---|---|---|---|---|
| 2025 | $92,733 | $5,934,980 | -- | -- |
| 2024 | $92,733 | $6,236,096 | -- | -- |
| 2023 | $73,560 | $4,887,372 | $4,887,372 | $0 |
| 2022 | $53,544 | $2,831,058 | $0 | $0 |
| 2021 | $42,278 | $2,623,418 | $2,456,304 | $167,114 |
| 2020 | $38,764 | $2,339,717 | $2,282,456 | $57,261 |
| 2019 | $37,787 | $2,232,943 | $2,074,960 | $157,983 |
| 2018 | $36,285 | $2,215,743 | $2,074,960 | $140,783 |
| 2017 | $35,432 | $2,116,875 | $1,975,319 | $141,556 |
| 2016 | $22,149 | $2,145,129 | $0 | $0 |
| 2015 | $30,959 | $1,595,176 | $0 | $0 |
| 2014 | $28,060 | $1,450,160 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Frisbie
-
Suzanne Frisbie
S
Seller Co-Listing Agent in 2024
Suzanne Frisbie
The Corcoran Group
(561) 373-0941
28 in this area
86 Total Sales
-
Stephen Ploof
S
Buyer's Agent in 2024
Stephen Ploof
Compass Florida LLC
(561) 655-6881
1 in this area
2 Total Sales
-
Tommy Holmes
Seller's Agent in 2023
Tommy Holmes
Illustrated Properties LLC
(203) 570-0026
2 in this area
24 Total Sales
-
p
Buyer's Agent in 2023
pbb.rets.frisst
pbb.rets.RETS_OFFICE
-
Stephen Hall
Seller's Agent in 2022
Stephen Hall
Compass Florida LLC
(561) 346-6068
13 in this area
58 Total Sales
Map
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: R10942009
APN: 50-43-42-34-02-000-0772
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