$365,000
SOLD MAR 17, 2015

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

2 Beds
2 Baths
1,614 Sq Ft
$1,224/mo HOA Fee

Recently Sold

$226 Per Sq Ft

51 Days on Market

Highlights

  • Doorman
  • Direct Ocean View
  • Fitness Center
  • Palm Beach Public School Rated A-
  • Property has ocean access
  • Outdoor Pool

About This Home

As of May 2024

Palm Beach Island oceanfront condo lives like a home & has garage parking. Lots of square feet, big rooms, large kitchen, luxurious master suite, new granite baths, walk-in closets, washer/dryer, new floors, & freshly painted. Convenient, ground floor terrace provides outdoor living; perfect for pets! Beautifully maintained & updated building, doorman, tropical atrium, pool, & private beach access

Last Agent to Sell the Property

ELIZABETH BRIDGES

The Corcoran Group Listed on: 12/23/2014

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $5,544

Year Built

  • Built in 1974

Lot Details

  • North Facing Home

HOA Fees

  • $1,224 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 1,614 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Ceiling Fan
  • Dining Area
  • Storage
  • Home Gym
  • Hurricane or Storm Shutters

Kitchen

  • Single Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Eco-Friendly Details

  • Non-Toxic Pest Control

Outdoor Features

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434414010031080

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

Recreation

Pet Policy

  • Pet Restriction
  • Small pets allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$5,544

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,224 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: Reef, The
  • Year Built: 1974
  • Location Tax Legal:Name of Building: Reef, The
  • Location Tax Legal:Zoned: RD-1
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 5544.0
  • Location Tax Legal:Tax Year2: 2014
  • General Property Description:Living Area: 1614.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 3671.0
  • General Property Description:Per: Quarter
  • 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
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: 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:WW Carpeting: Yes
  • Pets:Pets Allowed: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Maintenance Includes:Cable TV: Yes
  • Pets:Weight Restrictions: 25 lbs or Under
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Oven-Single, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 2
  • Flooring: Tile, W/W Carpeting
  • Interior Amenities: Cable, Ceiling Fan, Storage, Wet Bar, Wndw Trmnts Included
  • Living Area: 1614.0
  • Stories: 3
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Wet Bar: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Patio/Lanai, Storm Shutters, Ocean Access- Deeded, Exercise Room, Lobby
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Storm Shutters: Yes

Garage/Parking

  • Parking:Garage2: Yes
  • Parking:_one_ Car2: Yes
  • Parking:Covered Parking: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Other Security, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Exercise Facility
  • Association: Yes

Fee Information

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

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434414010031080
  • Zoning: RD-1

Multi Family

  • Number Of Units Total: 78
  • Maintenance Expense: 3671.0

Tax Info

  • Tax Annual Amount: 5544.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2024
Closed on
May 6, 2024
Sold by
Wean Suzanne Cole and Wean Raymond John
Bought by
Pbx4 Llc
Seller's Agent
Beth Cole
The Corcoran Group
Buyer's Agent
Lisa LaReau
Illustrated Properties
List Price
$3,395,000
Sold Price
$3,150,000
Premium/Discount to List
-$245,000
-7.22%
Views
54

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.56%

Purchase Details

Closed on
May 23, 2003
Sold by
Weisman Peter Franklin
Bought by
Wean Raymond John
Source: Public Records

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Range of Values:

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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 $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

Mortgage History

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

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 Price Changed $3,350,000 -4.1% $1,793 / Sq Ft
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: 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 $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

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 14-2635

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