NOT LISTED FOR SALE

The Reef 2275 S Ocean Blvd Unit 107A Floor 1 Palm Beach, FL 33480

Estimated Value: $1,256,390 - $1,757,000

2 Beds
2 Baths
1,614 Sq Ft
$926/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $865,000 $536 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $10,864/month

3 Days on Market

Highlights

  • Doorman
  • Direct Ocean View
  • Waterfront
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • Wood Flooring

About This Home

As of April 2021

The Reef, designed by famed architect Gene Lawrence, was recently landmarked! Ideally located, this oceanfront 3-level boutique building is just south of Billionaires Row in Palm Beach. Spacious 2BR/2BA condominium on the ground floor with direct outdoor access to the beach, pool, and gym. Split floorplan with living space and both bedrooms open to an expansive covered lanai for private entertaining. Beautiful, renovated kitchen features high end custom cabinetry, stainless steel appliances, and granite countertops. Includes new electric panel, electric blinds, storage unit, water filtration, wood floors and luxurious master bathroom. Pet friendly building includes doorman, on-site manager, and garage parking. Adjacent to Phipps Park Tennis and nearby Raymond Floyd Par 3 golf and dining.

Last Agent to Sell the Property

Jason Haverkamp

William Raveis Real Estate License #SL-3413049 Listed on: 03/12/2021

Last Buyer's Agent

JASON HAVERKAMP

THE FITE GROUP-Luxury Homes PB

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $8,059

Year Built

  • Built in 1974

Lot Details

  • North Facing Home

HOA Fees

  • $1,588 Monthly HOA Fees

Interior Spaces

  • 1,614 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Dining Room
  • Storage
  • Home Gym

Kitchen

  • Single Oven
  • Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Parking

  • 1 Car Garage
  • Open Parking

Eco-Friendly Details

  • Non-Toxic Pest Control

Outdoor Features

  • Outdoor Pool
  • Patio
  • Lanai

Utilities

  • Cooling Available
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434414010031070

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water
  • 78 Units
  • Reef, The Community
  • On-Site Maintenance

Amenities

  • Doorman
  • Common Area
  • Lobby
  • Elevator

Recreation

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$8,059

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,588 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: Located just south of Sloans Curve on S Ocean Blvd (A1A) or north of the Lake Worth bridge. Between Phipps Park tennis center and Raymond Floyd Par 3 golf and dining.
  • Building Name: Reef, The
  • Year Built: 1974
  • Location Tax Legal:Name of Building: Reef, The
  • Location Tax Legal:Zoned: R-C - Medium Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 8059.0
  • Location Tax Legal:Tax Year2: 2020
  • General Property Description:Living Area: 1614.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 1588.12
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 78
  • General Property Description:_pound_ Floors: 3.0
  • Waterfront-Building:Ocean - Direct: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Security System: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: 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
  • Exposure of Unit:North2: Yes
  • Floors:Hardwood: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Maintenance Includes:Cable TV: Yes
  • ACHeat:Units Air: Yes
  • ACHeat:Units Heat: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Oven-Single, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 2
  • Flooring: Hardwood, Tile
  • Interior Amenities: Storage
  • Living Area: 1614.0
  • Stories: 3
  • Window Features: Wndw Trmnts Included
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Private: Yes
  • Waterfront: Yes
  • Exterior Features: Storm Shutters, Elevator, Exercise Room, Lobby
  • Patio And Porch Features: Patio/Lanai
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Storm Shutters: Yes

Garage/Parking

  • Total Parking Spaces: 1.0
  • Parking:Garage2: Yes
  • Parking:Open Parking: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Smoke Alarms, Security System, Door Person
  • Cooling: Units Air
  • Cooling Y N: Yes
  • Heating: Units Heat
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Pool
  • Amenities: Full Time Manager
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

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

Lot Info

  • Parcel #: 50434414010031070
  • Zoning: R-C - Medium Density Residential

Rental Info

  • Pets Other: 2 pets, 20 lbs each

Multi Family

  • Number Of Units Total: 78
  • Maintenance Expense: 1588.12

Tax Info

  • Tax Annual Amount: 8059.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2022
Sold by
Ticknor Susan G
Bought by
Susan G Ticknor 2015 Family Trust
Current Estimated Value
$1,494,598

Purchase Details

Listed on
Mar 12, 2021
Closed on
Apr 19, 2021
Sold by
Levinson Kathleen E
Bought by
Amalfi Associates Llc
Seller's Agent
Jason Haverkamp
William Raveis Real Estate
Buyer's Agent
JASON HAVERKAMP
THE FITE GROUP-Luxury Homes PB
List Price
$865,000
Sold Price
$865,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%

Purchase Details

Closed on
Jun 24, 2020
Sold by
Lazarus Lisa
Bought by
Ticknor Susan G

Purchase Details

Listed on
Oct 23, 2017
Closed on
Dec 1, 2017
Sold by
Mersentes Therese
Bought by
Levinson Stephen L
Seller's Agent
Joan Wenzel
Douglas Elliman
Buyer's Agent
CONNIE STEIN
MARTHA A. GOTTFRIED, INC. 0200
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.86%

Purchase Details

Closed on
Jul 18, 2012
Sold by
Mersentes Alexander
Bought by
Mersentes Therese

Purchase Details

Closed on
Jul 22, 2004
Sold by
Vanden Kaanto Birgitta and Vanden Bruel Jacky
Bought by
Mersentes Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,900
Interest Rate
7.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2000
Sold by
Zolot Marvin M and Zolot Diane R
Bought by
Vanden Bruele Jacky B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 1996
Sold by
Suzanne Gerard and Suzanne Alexander
Bought by
Zolot Marvin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
8.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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 Buyer Sale Price Title Company
Susan G Ticknor 2015 Family Trust -- Us Deeds Pa
Amalfi Associates Llc $865,000 Attorney
Ticknor Susan G $637,500 Lighthouse Title Svcs Llc
Levinson Stephen L $525,000 Attorney
Mersentes Therese -- Attorney
Mersentes Alexander $349,900 International Title Company
Vanden Bruele Jacky B $210,000 --
Zolot Marvin M $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mersentes Alexander $279,900
Previous Owner Zolot Marvin M $150,000
Previous Owner Zolot Marvin M $198,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/19/2021 04/19/21 Sold $865,000 0.0% $536 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $865,000 +64.8% $536 / Sq Ft
12/01/2017 12/01/17 Sold $525,000 0.0% $325 / Sq Ft View Prior Sale
11/10/2017 11/10/17 Pending -- -- --
10/23/2017 10/23/17 For Sale $525,000 -- $325 / 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
2025 $17,065 $994,923 -- --
2024 $17,065 $904,475 -- --
2023 $16,199 $822,250 $0 $1,350,000
2022 $12,027 $747,500 $0 $0
2021 $8,347 $485,000 $0 $485,000
2020 $8,059 $460,000 $0 $460,000
2019 $7,633 $425,000 $0 $425,000
2018 $7,404 $425,000 $0 $425,000
2017 $4,624 $289,278 $0 $0
2016 $4,287 $283,328 $0 $0
2015 $4,430 $281,358 $0 $0
2014 $4,448 $279,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jason Haverkamp

    William Raveis Real Estate

    (561) 655-6570

    44 Total Sales

    Jason Haverkamp
    Section Image
  • Joan Wenzel

    Seller's Agent in 2017

    Joan Wenzel

    Douglas Elliman

    (561) 371-5743

    68 Total Sales

    Joan Wenzel
    Section Image

  • J

    Seller Co-Listing Agent in 2017

    JOHN MURTHA

    Douglas Elliman

  • C

    Buyer's Agent in 2017

    CONNIE STEIN

    MARTHA A. GOTTFRIED, INC. 0200

  • C

    Buyer's Agent in 2017

    Constance Stein

    William Raveis Real Estate

    (561) 655-6570

    4 Total Sales

    Constance Stein
    Section Image
See All Agents

About The Reef

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 21-418

APN: 50-43-44-14-01-003-1070

Florida Palm Beach County Palm Beach 33480

2275 S Ocean Blvd Unit 107A, Palm Beach, FL

Not Listed for Sale

Coop

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes