$1,500,000
SOLD JAN 2, 2025

227 Brazilian Ave Unit 3F Palm Beach, FL 33480

2 Beds
2 Baths
1,040 Sq Ft
$1,070/mo HOA Fee

Recently Sold

$1,442 Per Sq Ft

32% Below List Price

289 Days on Market

Highlights

  • Wood Flooring
  • Wine Refrigerator
  • Eat-In Kitchen
  • Palm Beach Public School Rated A-
  • Balcony
  • Living Room

About This Home

As of January 2025

Rare, in-town opportunity! 2 bed/1.5 baths, offering 1,040 total square feet + east facing balcony. Located just step to Worth Ave, the beach, lake trail, town docks, and upscale dining and shopping options, this gem is a true embodiment of Palm Beach living. 2-covered parking spaces and low HOA. This condo is a must-see for those seeking the perfect Palm Beach lifestyle!

Last Agent to Sell the Property

Brooke Murphy

Compass Florida, LLC License #SL-3399869 Listed on: 03/08/2024

Compass Florida, LLC

Co-Listed By

Kyle Blackmon

Compass Florida, LLC License #3467907

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $10,157

Year Built

  • Built in 1970

HOA Fees

  • $1,070 Monthly HOA Fees

Interior Spaces

  • 1,040 Sq Ft Home
  • 4-Story Property
  • Living Room
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Covered Parking

Additional Features

  • Non-Toxic Pest Control
  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434323110000180

Community Details

Overview

  • Association fees include insurance, common area, maintenance exterior, trash, pest control, sewer, water
  • 30 Units
  • Brazilian Community
  • On-Site Maintenance

Amenities

  • Common Area
  • Laundry Facilities
  • Elevator

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$10,157

Year Built

Built in 1970

Lot Details

0

HOA Fees

$1,070 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: Royal Palm Way to S. County Rd to Brazilian Ave
  • Building Name: Brazilian
  • Year Built: 1970
  • Location Tax Legal:Name of Building: Brazilian
  • Location Tax Legal:Zoned: R-C - Medium Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 10157.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Pool: No
  • General Property Description:Waterfront: No
  • General Property Description:Maintenance Amount: 1070.0
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 30
  • General Property Description:_pound_ Floors: 4.0
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Floors:Hardwood: Yes
  • Laundry:Laundry in Building: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Oven-Single, Microwave, Range - Electric
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Hardwood, Tile
  • Stories: 4
  • Other Rooms:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: No Pool
  • Pool Private: No
  • Exterior Features: Balcony, Elevator
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes

Garage/Parking

  • Parking:Covered Parking: Yes
  • Parking 2 Car2: Yes

Utilities

  • Laundry Features: Laundry in Building
  • Security: Other Security
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434323110000180
  • Zoning: R-C - Medium Density Residential

Multi Family

  • Number Of Units Total: 30
  • Maintenance Expense: 1070.0

Tax Info

  • Tax Annual Amount: 10157.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
Jan 2, 2025
Sold by
Kam 2021 Irrevocable Trust and Murphy Robert W
Bought by
Leyva Marcus
Seller's Agent
Brooke Murphy
Compass Florida, LLC
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$2,195,000
Sold Price
$1,500,000
Premium/Discount to List
-$695,000
-31.66%
Views
64
Current Estimated Value
$1,556,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,640
Avg. Annual Appreciation
4.80%

Purchase Details

Closed on
Feb 16, 2021
Sold by
Murphy Kathleen A
Bought by
Murphy Robert W and The Kam 2021 Irrevocable Trust

Purchase Details

Closed on
Apr 17, 2010
Sold by
Murphy James J
Bought by
Murphy Kathleen A

Purchase Details

Closed on
Nov 12, 1997
Sold by
First National In Palm Beach
Bought by
Murphy James J
Source: Public Records

Range of Values:

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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 $1,500,000 None Listed On Document
Interfamily Deed Transfer -- Attorney
Warranty Deed $79,000 Attorney
Deed $125,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2025 01/02/25 Sold $1,500,000 -14.3% $1,442 / Sq Ft
12/22/2024 12/22/24 Pending -- -- --
08/23/2024 08/23/24 Price Changed $1,750,000 -7.9% $1,683 / Sq Ft
04/30/2024 04/30/24 Price Changed $1,900,000 -7.3% $1,827 / Sq Ft
04/15/2024 04/15/24 Price Changed $2,050,000 -6.6% $1,971 / Sq Ft
03/08/2024 03/08/24 For Sale $2,195,000 -- $2,111 / 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 $10,086 $657,300 -- --
2023 $10,157 $657,300 $0 $657,300
2022 $9,829 $615,850 $0 $0
2021 $8,171 $485,000 $0 $485,000
2020 $8,298 $485,000 $0 $485,000
2019 $8,470 $485,000 $0 $485,000
2018 $7,823 $485,000 $0 $485,000
2017 $7,044 $405,000 $0 $0
2016 $6,719 $385,000 $0 $0
2015 $3,958 $255,024 $0 $0
2014 $3,973 $253,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 24-440

APN: 50-43-43-23-11-000-0180