$16,175,000
SOLD MAR 31, 2025
4 Beds
6 Baths
4,723 Sq Ft
0.45 Acres

Recently Sold

$3,425 Per Sq Ft

5% Below List Price

22 Days on Market

Highlights

  • Cabana
  • Waterfront
  • Regency Architecture
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Lanai

About This Home

As of March 2025

This home is located at 220 Wells Rd, Palm Beach, FL 33480 and is currently priced at $16,175,000, approximately $3,424 per square foot. This property was built in 1989. 220 Wells Rd is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

Last Agent to Sell the Property

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 01/08/2025

Last Buyer's Agent

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740 Listed on: 01/08/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $79,230

Year Built

  • Built in 1989

Lot Details

  • Waterfront
  • Home has North and South Exposure
  • Back and Front Yard Fenced
  • Property is zoned R-B - Low Density Residential

Parking

  • Attached Garage

Home Design

  • Regency Architecture
  • Tar and Gravel Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,723 Sq Ft Home
  • 1-Story Property
  • Sliding Windows
  • Dining Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Electric Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Cabana
  • Outdoor Pool

Outdoor Features

  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Adams Addition Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434314070000260

Home Details

Home Type

Single Family

Est. Annual Taxes

$79,230

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 100
  • Subdivision Name: Adams Addition
  • Architectural Style: Regency, One Story
  • Garage Yn: Yes
  • Year Built: 1989
  • Location Tax Legal:Zoned: R-B - Low Density Residential
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 79230.0
  • Location Tax Legal:Tax Year2: 2024
  • General Property Description:Living Area: 4723.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 100
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Roof:Tar Gravel: Yes
  • WaterSewer:Sewer: Yes
  • Windows:Sliding: Yes
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Style:One Story: Yes
  • Style:Regency: Yes
  • Garage 2 Car: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Range-Electric, Oven-Double, Washer, Dryer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble, Tile, W/W Carpeting
  • Interior Amenities: Pantry
  • Living Area: 4723.0
  • Window Features: Sliding
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Range - Electric: Yes
  • Appliances:Oven-Double: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Cabana, Fence-Back Wall, Fence-Front Wall
  • Roof: Tar/Gravel
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Cabana: Yes
  • Exterior Features:Fence-Front Wall: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes
  • Water Source: City Water, Sewer

Lot Info

  • Land Lease Amount Frequency: No
  • Parcel #: 50434314070000260
  • Zoning: R-B - Low Density Residential

Tax Info

  • Tax Annual Amount: 79230.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2023
Sold by
Regine Traulsen Living Trust
Bought by
Reisner Lorin
Current Estimated Value
$11,159,231

Purchase Details

Closed on
Jun 7, 2019
Sold by
Traulsen Regine and Diamond William J
Bought by
Traulsen Regine and Regine Traulsen Living Trust

Purchase Details

Closed on
Sep 28, 2009
Sold by
Gennari Jean A
Bought by
Gennari Jean A and Jean A Gennari Florida Qualified Persona

Purchase Details

Closed on
Jan 15, 2004
Sold by
Goldsmith C Gerald
Bought by
Traulsen Regine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,447,250
Interest Rate
3.95%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 8, 1994
Sold by
Prosperi A Paul
Bought by
Goldsmith C Gerald

Purchase Details

Closed on
Jun 14, 1994
Sold by
Bk 1 Cleveland N A
Bought by
Prosperi A Paul
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 Type Sale Price Title Company
Warranty Deed $3,600,000 None Listed On Document
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $3,765,000 --
Quit Claim Deed -- --
Deed $1,730,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,500,000 Credit Line Revolving
Previous Owner $2,447,250 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Sold $16,175,000 -4.6% $3,425 / Sq Ft
01/30/2025 01/30/25 Pending -- -- --
01/08/2025 01/08/25 For Sale $16,950,000 -- $3,589 / 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 $79,230 $5,270,469 -- --
2023 $77,552 $5,116,960 $0 $0
2022 $77,685 $4,967,922 $0 $0
2021 $79,051 $4,823,225 $0 $0
2020 $79,218 $4,756,632 $0 $0
2019 $79,070 $4,649,689 $0 $0
2018 $75,136 $4,562,992 $0 $0
2017 $75,172 $4,469,140 $0 $0
2016 $74,775 $4,377,218 $0 $0
2015 $77,335 $4,346,790 $0 $0
2014 $77,708 $4,312,292 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 25-42

APN: 50-43-43-14-07-000-0260