$3,150,000
SOLD MAY 6, 2024

The Reef 2275 S Ocean Blvd Unit 108 Palm Beach, FL 33480

2 Beds
2.5 Baths
1,868 Sq Ft
$2,893/mo HOA Fee

Recently Sold

$1,686 Per Sq Ft

7% Below List Price

49 Days on Market

Highlights

  • Ocean Front
  • Fitness Center
  • Great Room
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Community Pool

About This Home

As of May 2024

Rarely available direct oceanfront lanai at The Reef, an exceptional landmark condominium designed by renowned architect Gene Lawrence. This lanai lives like a private home with an expansive terrace, direct views of the ocean and beach access just steps away. The apartment boasts an open floor plan with unobstructed ocean views. New impact glass, an open kitchen and marble floors all create an easy feeling oasis. Amenities include a new gym and indoor garage parking. The Reef is a pet-friendly building with a fantastic location: walk to the Par 3 Golf Course and its waterfront Al Fresco restaurant, the Four Seasons, and the newly designed Phipps Ocean Park with tennis and pickleball. Worth Avenue is a short scenic drive away. It really just doesn't get any better than than this!

Last Agent to Sell the Property

Beth Cole

The Corcoran Group License #3077938

The Corcoran Group

Co-Listed By

Lisa LaReau

Illustrated Properties License #3328357

Last Buyer's Agent

Lisa LaReau

Illustrated Properties License #3328357

Illustrated Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,685

Year Built

  • Built in 1974

Lot Details

HOA Fees

  • $2,893 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener

Property Views

  • Garden

Interior Spaces

  • 1,868 Sq Ft Home
  • 3-Story Property
  • Bar
  • Ceiling Fan
  • Blinds
  • Great Room
  • Combination Dining and Living Room
  • Home Security System
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Outdoor Features

  • Property has ocean access
  • Patio

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434414010021080

Community Details

Overview

  • Association fees include common areas, cable TV, ground maintenance, maintenance structure, parking, pool(s), roof, sewer, security, trash
  • 78 Units
  • Reef Condo Subdivision

Amenities

  • Elevator

Recreation

Security

  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,685

Year Built

Built in 1974

Lot Details

0

HOA Fees

$2,893 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: East side of S Ocean Blvd, first development south of Phipps Ocean Park. Use south entrance and use guest parking in front of south building.
  • Year Built: 1974
  • Entry Level: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dual Sinks, Living/Dining Room, Separate Shower, Bar, Walk-In Closet(s)
  • Private Spa: No
  • Furnished: Unfurnished
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet, Marble, Tile
  • Living Area: 1868.0
  • Dining Room Type: Great Room, Storage Room
  • Stories: 3
  • Window Features: Blinds, Impact Glass

Exterior Features

  • Exterior Features: Patio
  • View: Garden, Ocean
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Garage, Garage Door Opener

Utilities

  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2893.0
  • Community Features: Non-Gated, Pool
  • Senior Community: No
  • Amenities: Fitness Center, Pool, Elevator(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Maintenance Grounds, Maintenance Structure, Parking, Pool(s), Roof, Sewer, Security, Trash

Lot Info

  • Parcel #: 50434414010021080
  • Lot Size: East of US-1
  • Zoning Description: R-C(ci

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8685.0

Multi Family

  • Number Of Units In Community: 78

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 Price Changed $3,350,000 0.0% $1,793 / Sq Ft
03/06/2025 03/06/25 For Rent $25,000 0.0% --
01/13/2025 01/13/25 For Sale $3,495,000 +11.0% $1,871 / Sq Ft
05/06/2024 05/06/24 Sold $3,150,000 -7.2% $1,686 / Sq Ft
03/17/2024 03/17/24 For Sale $3,395,000 +228.0% $1,817 / Sq Ft
11/20/2020 11/20/20 Sold $1,035,000 0.0% $641 / Sq Ft
11/17/2020 11/17/20 Pending -- -- --
10/07/2020 10/07/20 For Sale $1,035,000 +24.0% $641 / Sq Ft
04/12/2019 04/12/19 Sold $835,000 -5.0% $517 / Sq Ft
03/13/2019 03/13/19 Pending -- -- --
12/06/2018 12/06/18 For Sale $879,000 +140.8% $545 / Sq Ft
03/17/2015 03/17/15 Sold $365,000 0.0% $226 / Sq Ft
02/12/2015 02/12/15 Pending -- -- --
12/23/2014 12/23/14 For Sale $365,000 -- $226 / Sq Ft
Source: BeachesMLS

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 $8,906 $605,577 -- --
2023 $8,685 $587,939 $0 $0
2022 $8,678 $570,815 $0 $0
2021 $8,830 $554,189 $0 $0
2020 $8,837 $546,537 $0 $0
2019 $8,810 $534,249 $0 $0
2018 $8,371 $524,288 $0 $0
2017 $8,359 $513,504 $0 $0
2016 $8,064 $502,942 $0 $0
2015 $8,337 $499,446 $0 $0
2014 $8,374 $495,482 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $157,500 New Conventional
Previous Owner $219,700 Unknown
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $3,150,000 None Listed On Document
Warranty Deed $3,150,000 None Listed On Document
Quit Claim Deed -- --
Quit Claim Deed -- --
Personal Reps Deed $700,000 --
Source: Public Records

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Source: BeachesMLS

MLS Number: R10969454

BeachesMLS

APN: 50-43-44-14-01-002-1080