$5,000,000
SOLD MAY 30, 2025
4 Beds
5 Baths
2,406 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$2,078 Per Sq Ft

21% Below List Price

391 Days on Market

Highlights

  • Property has ocean access
  • Guest House
  • Waterfront
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • Bermuda Architecture

About This Home

As of May 2025

Unleash your creativity and reimagine the potential of this charming Bermuda home nestled on the Northend of Palm Beach. Featuring 4 bedrooms and 4.5 bathrooms, the main residence includes a beamed living room with high ceilings. Outside, mature & lush tropical landscaping frames the property, creating a tranquil oasis for relaxation. A separate one bedroom one bath with kitchenette guest cottage provides privacy and convenience for visitors. Located a short distance from pristine beaches, upscale shopping, and fine dining, offering an unparalleled opportunity to embrace the Palm Beach lifestyle.

Last Agent to Sell the Property

Dana Koch

The Corcoran Group License #3027862 Listed on: 02/02/2024

The Corcoran Group

Co-Listed By

Paulette Koch

The Corcoran Group License #3068398

Last Buyer's Agent

Alexis Waller

Brown Harris Stevens of Palm Beach 6598 License #SL-3411126

Brown Harris Stevens of Palm Beach 6598

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,893

Year Built

  • Built in 1951

Lot Details

  • 10,019 Sq Ft Lot
  • Waterfront
  • North Facing Home
  • Sprinkler System

Parking

  • Garage

Home Design

  • Bermuda Architecture
  • Barrel Roof Shape

Interior Spaces

  • 2,406 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal
  • Instant Hot Water

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Patio
  • Lanai

Additional Features

  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Cherry Lane Add Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434310090000030

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,893

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Lot Size: 125
  • Subdivision Name: Cherry Lane Add
  • Architectural Style: Bermuda
  • Year Built: 1951
  • Location Tax Legal:Zoned: SFR
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 16893.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 2406.0
  • 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
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 125
  • WaterSewer:Sewer: Yes
  • Windows:Impact Glass - Full: Yes
  • Style:Bermuda: Yes
  • General Property Description:Lot SqFt: 10019
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Windows:Impact Glass: Yes
  • Roof:Barrel Tile: Yes
  • Garage 2 Car: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Instant Hot Water, Range-Electric, Microwave, Washer, Dryer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Tile
  • Interior Amenities: Ceiling Fan, Smoke Detectors, Wndw Trmnts Included
  • Living Area: 2406.0
  • Window Features: Impact Glass, Impact Glass-Full
  • Interior Features:Wndw Trmnts Included: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Smoke Detectors: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Instant Hot Water: Yes

Exterior Features

  • Lot Features: Up To 10,889 SF
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Other Construction
  • Exterior Features: Patio/Lanai, Ocean Access-No Deed, Sprinkler System, Guesthouse/Cottage
  • Roof: Barrel
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:PatioLanai: Yes
  • Construction:Other Construction: Yes
  • Exterior Features:GuesthouseCottage: Yes
  • Exterior Features:Ocean Access-No Deed: Yes

Garage/Parking

  • Parking Features: 2 Car

Utilities

  • Security: Security System
  • 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
  • Lot Size Sq Ft: 10019.0
  • Parcel #: 50434310090000030
  • Zoning: SFR

Tax Info

  • Tax Annual Amount: 16893.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
May 30, 2025
Sold by
Golding Harriet and Fagan Stephen
Bought by
Clifford Nancy Demmon
Seller's Agent
Dana Koch
The Corcoran Group
Buyer's Agent
Alexis Waller
Brown Harris Stevens of Palm Beach 6598
List Price
$6,350,000
Sold Price
$5,000,000
Premium/Discount to List
-$1,350,000
-21.26%
Views
188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.54%
Original Mortgage
$3,500,000
Outstanding Balance
$3,496,169
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$1,812,899

Purchase Details

Closed on
Oct 20, 2008
Sold by
Maison R Marcel and Maison Joyce
Bought by
Golding Harriet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,264,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 1997
Sold by
Dora Mae Digby Tr
Bought by
Aison R Marcel M and Aison Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 1994
Sold by
Digby Dora M
Bought by
Digby Dora M
Source: Public Records

Similar Home in Palm Beach, FL

  • 231 Cocoanut Row, Palm Beach, FL 33480

    $3,995,000

    • 3 Beds
    • 2 Baths
    • 1,027 Sq Ft
    • 231 Cocoanut Row
    • Palm Beach, FL

    A Palm Beach jewel in the heart of Town! Updated 3 bedroom, 2 bathroom home with beautiful natural light, high ceilings, and charming living spaces. Outdoor space includes a wrap-around terrace, heated pool with separate pool cabana and deeded beach access. Impact windows provide added security for a true ''lock-and-leave'' island cottage with easy access to lake trail, restaurants and shops.

    Cara McClure Douglas Elliman

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $5,000,000 Trident Title
Warranty Deed $5,000,000 Trident Title
Warranty Deed $1,580,000 Attorney
Warranty Deed $310,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,500,000 New Conventional
Closed $3,500,000 New Conventional
Previous Owner $850,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,264,000 Purchase Money Mortgage
Previous Owner $350,000 Credit Line Revolving
Previous Owner $215,000 Unknown
Previous Owner $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 Price Changed $5,095,000 +1.9% $2,118 / Sq Ft
05/30/2025 05/30/25 Sold $5,000,000 -1.9% $2,078 / Sq Ft
02/27/2025 02/27/25 Pending -- -- --
01/17/2025 01/17/25 Price Changed $5,095,000 -7.3% $2,118 / Sq Ft
04/30/2024 04/30/24 Price Changed $5,495,000 -6.1% $2,284 / Sq Ft
03/11/2024 03/11/24 Price Changed $5,850,000 -7.9% $2,431 / Sq Ft
02/02/2024 02/02/24 For Sale $6,350,000 0.0% $2,639 / Sq Ft
09/24/2012 09/24/12 Rented $5,000 0.0% --
08/25/2012 08/25/12 Under Contract -- -- --
06/13/2012 06/13/12 For Rent $5,000 -- --
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 $17,308 $1,139,903 -- --
2023 $16,894 $1,106,702 $0 $0
2022 $16,902 $1,074,468 $0 $0
2021 $17,218 $1,043,173 $0 $0
2020 $17,235 $1,028,770 $0 $0
2019 $17,194 $1,005,640 $0 $0
2018 $16,357 $986,889 $0 $0
2017 $16,342 $966,591 $0 $0
2016 $15,770 $946,710 $0 $0
2015 $16,304 $940,129 $0 $0
2014 $16,382 $932,668 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 24-216

APN: 50-43-43-10-09-000-0030