221 Atlantic Ave Palm Beach, FL 33480
North End Neighborhood
4
Beds
7
Baths
4,246
Sq Ft
10,000
Sq Ft Lot
Highlights
- Home Theater
- Gas Heated Pool
- Marble Flooring
- Palm Beach Public School Rated A-
- Waterfront
- Lanai
About This Home
As of December 2024Beautiful British West Indies 4 Bedroom 5.2 bath home by renowned architect Patrick Segraves. This newer built 2016 residence features 11 ft ceilings upstairs and down. An elegant double height central entrance hall leads to the spacious living room, where a wall of French doors let in maximum sunlight and open to the outdoors. There is a magnificent top of the line luxury eat-in kitchen. Covered loggias on the first and second floor overlook the lushly landscaped gardens and extended lap pool. A built-in grill, outdoor half bath and shower provide for relaxed indoor and outdoor living. The upstairs primary bedroom has his and hers marble baths and two enormous walk-in closets. Three guest bedrooms have luxury en-suite white marble baths including one on the ground floor. The home has all impact glass windows and doors, large elevator, and generator. The house is meticulously maintained to the last detail. Central in-town location, with easy access to beach, lake trail, shops and restaurants.
Last Agent to Sell the Property
Sotheby's International Realty, Inc. License #SL-3049990 Listed on: 05/02/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $84,284
Year Built
- Built in 2016
Lot Details
- 10,000 Sq Ft Lot
- Waterfront
- North Facing Home
- Back Yard Fenced
- Property is zoned RC
Home Design
- Tile Roof
- Fiber Cement Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 4,246 Sq Ft Home
- 2-Story Property
- Elevator
- Sound System
- Home Theater
- Library
Kitchen
- Eat-In Kitchen
- Single Oven
- Electric Range
- Microwave
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 4 Bedrooms
- 7 Bathrooms
- Bidet
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Impact Glass
Parking
- Attached Garage
- Garage Door Opener
Pool
- Gas Heated Pool
- Outdoor Pool
Outdoor Features
- Balcony
- Patio
- Lanai
- Attached Grill
Utilities
- Zoned Heating and Cooling
- Cable TV Available
Community Details
- No Home Owners Association
- Orange Grove Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434315030000491
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2024
Closed on
Dec 12, 2024
Sold by
101 Palm Beach Regent Lllp
Bought by
George N Snelling Llc
Seller's Agent
James Cosel
Sotheby's International Realty, Inc.
Buyer's Agent
Stephen Hall
Compass Florida, LLC
List Price
$13,900,000
Sold Price
$13,000,000
Premium/Discount to List
-$900,000
-6.47%
Total Days on Market
201
Views
51
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
-$4,274,640
Avg. Annual Appreciation
-57.19%
Purchase Details
Listed on
Feb 23, 2016
Closed on
Jun 17, 2016
Sold by
Braun Rosalie Salus
Bought by
101 Palm Beach Regent Lllp
Seller's Agent
ANDERSON OHMAN, Jr.
VALORE GROUP REAL ESTATE
Buyer's Agent
Victoria Reynolds
Tina Fanjul Associates, Inc.
List Price
$4,900,000
Sold Price
$4,900,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.16%
Interest Rate
3.54%
Purchase Details
Closed on
Jun 2, 2014
Sold by
Hostyn Peter R and Peter R Hostyn Living Revocabl
Bought by
Grossman Raphael and An Ro Da Trust
Purchase Details
Closed on
Jul 28, 2011
Sold by
Hostyn Peter R
Bought by
Peter R Hostyn Living Trust
Purchase Details
Closed on
Nov 12, 2010
Sold by
Hostyn Peter
Bought by
Peter Hostyn Charitable Trust
Similar Homes 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 | $13,000,000 | None Listed On Document | |
| Trustee Deed | $4,900,000 | First American Title | |
| Warranty Deed | $1,500,000 | Trident Title Llc | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | -- | No Value Available | |
| Previous Owner | $1,000,000 | Construction | |
| Previous Owner | $280,000 | Credit Line Revolving | |
| Previous Owner | $800,000 | Negative Amortization | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $250,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/16/2024 12/16/24 | Sold | $13,000,000 | -6.5% | $3,062 / Sq Ft |
| 11/19/2024 11/19/24 | Pending | -- | -- | -- |
| 11/01/2024 11/01/24 | Price Changed | $13,900,000 | -5.8% | $3,274 / Sq Ft |
| 06/28/2024 06/28/24 | Price Changed | $14,750,000 | +6.1% | $3,474 / Sq Ft |
| 05/02/2024 05/02/24 | For Sale | $13,900,000 | 0.0% | $3,274 / Sq Ft |
| 06/26/2023 06/26/23 | Rented | $50,000 | -16.7% | -- |
| 06/20/2023 06/20/23 | Under Contract | -- | -- | -- |
| 05/24/2023 05/24/23 | For Rent | $60,000 | +20.0% | -- |
| 01/03/2022 01/03/22 | Rented | $50,000 | 0.0% | -- |
| 12/30/2021 12/30/21 | Under Contract | -- | -- | -- |
| 11/03/2021 11/03/21 | For Rent | $50,000 | 0.0% | -- |
| 06/17/2016 06/17/16 | Sold | $4,900,000 | 0.0% | $1,089 / Sq Ft |
| 06/02/2016 06/02/16 | Pending | -- | -- | -- |
| 02/23/2016 02/23/16 | For Sale | $4,900,000 | -- | $1,089 / Sq Ft |
Source: Palm Beach Board of REALTORS®
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 | $65,826 | $5,656,578 | -- | -- |
| 2023 | $84,284 | $5,142,344 | $3,150,000 | $3,060,395 |
| 2022 | $72,621 | $4,674,858 | $0 | $0 |
| 2021 | $71,973 | $4,424,915 | $2,511,000 | $1,913,915 |
| 2020 | $82,621 | $4,998,685 | $2,700,000 | $2,298,685 |
| 2019 | $77,363 | $4,582,415 | $2,592,000 | $1,990,415 |
| 2018 | $72,549 | $4,716,264 | $2,667,000 | $2,049,264 |
| 2017 | $64,602 | $3,868,112 | $2,100,000 | $1,768,112 |
| 2016 | $27,211 | $1,525,063 | $0 | $0 |
| 2015 | $24,838 | $1,386,421 | $0 | $0 |
| 2014 | $11,739 | $667,997 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
James Cosel
J
Seller's Agent in 2024
James Cosel
Sotheby's International Realty, Inc.
(561) 309-6272
1 in this area
10 Total Sales
-
Dennis Gallo
D
Seller Co-Listing Agent in 2024
Dennis Gallo
Sotheby's International Realty, Inc.
(561) 371-7336
1 in this area
9 Total Sales
-
Stephen Hall
Buyer's Agent in 2024
Stephen Hall
Compass Florida, LLC
(561) 346-6068
19 in this area
68 Total Sales
-
Dana Koch
Buyer's Agent in 2023
Dana Koch
The Corcoran Group
(561) 379-7718
74 in this area
234 Total Sales
-
Christian Angle
Buyer's Agent in 2022
Christian Angle
Christian Angle Real Estate
(561) 629-3015
86 in this area
221 Total Sales
-
A
Seller's Agent in 2016
ANDERSON OHMAN, Jr.
VALORE GROUP REAL ESTATE
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 24-772
APN: 50-43-43-15-03-000-0491
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