221 Monroe Dr West Palm Beach, FL 33405
Southland Park Neighborhood
3
Beds
3.5
Baths
2,261
Sq Ft
0.29
Acres
Highlights
- Free Form Pool
- Garage Apartment
- Wood Flooring
- Palm Beach Public School Rated A-
- Fruit Trees
- Spanish Architecture
About This Home
As of June 2024This exceptional opportunity is yours to renovate a one-of-a-kind historic, Spanish estate, at 221 Monroe Drive in West Palm Beach. Nestled between the coveted El Cid and SoSo neighborhoods, this stately pool home on a through street to the Intracoastal Waterway provides a rare opportunity for a home buyer, investor or builder. This 1925 eye catching home sits on an almost 13,000 square foot lot with plentiful fruit trees and has a detached garage and guest cottage. Original wood burning fireplace, original hardwood floors and other unique original architectural features make this home truly special.
Last Agent to Sell the Property
The Corcoran Group License #3406548 Listed on: 03/01/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,260
Year Built
- Built in 1925
Lot Details
- 0.29 Acre Lot
- Fenced
- Sprinkler System
- Fruit Trees
- Property is zoned SF14(c
Parking
- 1 Car Attached Garage
- Garage Apartment
- Driveway
- On-Street Parking
Home Design
- Spanish Architecture
- Barrel Roof Shape
- Frame Construction
- Tar and Gravel Roof
- Built-Up Roof
Interior Spaces
- 2,261 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Decorative Fireplace
- Awning
- Double Hung Metal Windows
- Blinds
- Arched Windows
- Family Room
- Formal Dining Room
- Den
Kitchen
- Electric Range
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- In-Law or Guest Suite
Laundry
- Laundry in Garage
- Dryer
- Washer
Home Security
- Security Lights
- Fire and Smoke Detector
Pool
- Free Form Pool
- Pool is Self Cleaning
- Fence Around Pool
- Pool Equipment or Cover
Outdoor Features
- Patio
Utilities
- Zoned Heating and Cooling
- Well
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 74434334090090560
Community Details
Overview
- Southland Park Subdivision
Recreation
- Park
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 6, 2024
Sold by
Pb Real Estate Investors Llc
Bought by
Mcs Investment Loc Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,013,207
Outstanding Balance
$2,370,757
Interest Rate
6.12%
Mortgage Type
Construction
Estimated Equity
$3,340,767
Purchase Details
Listed on
Mar 27, 2024
Closed on
Jun 20, 2024
Sold by
Falcon Endeavors Inc
Bought by
Pb Real Estate Investors Llc
Seller's Agent
Gus Renny
Renny Realty LLC
Buyer's Agent
Ashley Luebke
Nest Seekers Florida, LLC
List Price
$2,599,999
Sold Price
$2,400,000
Premium/Discount to List
-$199,999
-7.69%
Views
53
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
124.86%
Purchase Details
Listed on
Jan 31, 2024
Closed on
Mar 13, 2024
Sold by
Georges Heather and Georges Andrew
Bought by
Falcon Endeavors Inc
Seller's Agent
Alexis Waller
Brown Harris Stevens of Palm Beach 6598
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$3,495,000
Sold Price
$1,500,000
Premium/Discount to List
-$1,995,000
-57.08%
Views
53
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
405.66%
Original Mortgage
$1,200,000
Interest Rate
6.77%
Mortgage Type
Construction
Purchase Details
Listed on
Mar 1, 2022
Closed on
Apr 15, 2022
Sold by
Everman Judith A
Bought by
Georges Heather
Seller's Agent
Amy Triggs
The Corcoran Group
Buyer's Agent
Alexis Waller
Brown Harris Stevens of PB
List Price
$1,950,000
Sold Price
$2,700,000
Premium/Discount to List
$750,000
38.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-26.37%
Similar Homes in West 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 |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Special Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $2,400,000 | None Listed On Document | |
| Warranty Deed | $1,500,000 | None Listed On Document | |
| Warranty Deed | $2,700,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,013,207 | Construction | |
| Closed | $4,013,207 | Construction | |
| Previous Owner | $1,200,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/09/2024 10/09/24 | For Sale | $9,800,000 | +308.3% | $1,855 / Sq Ft |
| 06/28/2024 06/28/24 | Sold | $2,400,000 | -7.7% | $858 / Sq Ft |
| 03/27/2024 03/27/24 | For Sale | $2,599,999 | +73.3% | $930 / Sq Ft |
| 03/14/2024 03/14/24 | Sold | $1,500,000 | -24.1% | $564 / Sq Ft |
| 02/01/2024 02/01/24 | Price Changed | $1,975,000 | -24.0% | $742 / Sq Ft |
| 11/08/2023 11/08/23 | Price Changed | $2,600,000 | -11.9% | $977 / Sq Ft |
| 09/20/2023 09/20/23 | Price Changed | $2,950,000 | -15.6% | $1,109 / Sq Ft |
| 04/12/2023 04/12/23 | For Sale | $3,495,000 | +29.4% | $1,313 / Sq Ft |
| 04/15/2022 04/15/22 | Sold | $2,700,000 | +38.5% | $1,194 / Sq Ft |
| 03/16/2022 03/16/22 | Pending | -- | -- | -- |
| 03/01/2022 03/01/22 | For Sale | $1,950,000 | -- | $862 / 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 | $46,256 | $2,237,043 | -- | -- |
| 2023 | $48,650 | $2,337,588 | $1,502,725 | $834,863 |
| 2022 | $38,143 | $1,786,525 | $0 | $0 |
| 2021 | $6,260 | $308,674 | $0 | $0 |
| 2020 | $6,222 | $304,412 | $0 | $0 |
| 2019 | $6,131 | $297,568 | $0 | $0 |
| 2018 | $5,763 | $292,020 | $0 | $0 |
| 2017 | $5,658 | $286,014 | $0 | $0 |
| 2016 | $5,643 | $280,131 | $0 | $0 |
| 2015 | $5,752 | $278,184 | $0 | $0 |
| 2014 | $5,762 | $275,976 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ashley Luebke
Seller's Agent in 2024
Ashley Luebke
Nest Seekers Florida, LLC
(561) 308-3984
1 in this area
8 Total Sales
-
Gus Renny
Seller's Agent in 2024
Gus Renny
Renny Realty LLC
(305) 778-7114
4 in this area
10 Total Sales
-
Alexis Waller
A
Seller's Agent in 2024
Alexis Waller
Brown Harris Stevens of PB
(561) 659-6400
26 in this area
55 Total Sales
-
Deborah Ginsburg
Seller Co-Listing Agent in 2024
Deborah Ginsburg
Nest Seekers Florida, LLC
(215) 260-5154
7 Total Sales
-
Amy Triggs
A
Seller's Agent in 2022
Amy Triggs
The Corcoran Group
(561) 541-7280
7 in this area
30 Total Sales
-
Marla Fountain
M
Seller Co-Listing Agent in 2022
Marla Fountain
The Corcoran Group
(561) 371-2534
7 in this area
32 Total Sales
Map
Source: BeachesMLS
MLS Number: R10780257
APN: 74-43-43-34-09-009-0560
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