NOT LISTED FOR SALE

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

Estimated Value: $3,176,623

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

Last Sold May 06, 2024

Last sale price $3,150,000 $1,686 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $21,179/month

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 Listed on: 03/17/2024

The Corcoran Group

Co-Listed By

Lisa LaReau

Illustrated Properties License #3328357

Illustrated Properties

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

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
Current Estimated Value
$3,176,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,623
Avg. Annual Appreciation
-3.70%

Purchase Details

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

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Pbx4 Llc $3,150,000 None Listed On Document
Pbx4 Llc $3,150,000 None Listed On Document
Wean Raymond John -- --
Wean Raymond John -- --
Wean Raymond John $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wean Raymond J $157,500
Previous Owner Wean Raymond John $219,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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

  • B

    Seller's Agent in 2024

    Beth Cole

    The Corcoran Group

    (561) 758-1541

    13 Total Sales

    Section Image
  • Lisa LaReau

    Seller Co-Listing Agent in 2024

    Lisa LaReau

    Illustrated Properties

    (561) 366-1121

    3 Total Sales

    Section Image

  • J

    Seller's Agent in 2020

    Jason Haverkamp

    William Raveis Real Estate

    (561) 655-6570

    46 Total Sales

    Section Image

  • N

    Buyer's Agent in 2020

    NON MEMBER

    NON MEMBER FIRM

  • Burt Minkoff

    Seller's Agent in 2019

    Burt Minkoff

    Douglas Elliman

    (561) 512-8978

    66 Total Sales

    Section Image

  • J

    Buyer's Agent in 2019

    John Ross

    Douglas Elliman

    (561) 715-4163

    7 Total Sales

    Section Image
See All Agents

About The Reef

Map

Source: BeachesMLS

MLS Number: R10969454

BeachesMLS

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

Florida Palm Beach County Palm Beach 33480

2275 S Ocean Blvd Unit 108, Palm Beach, FL

This home is located at 2275 S Ocean Blvd Unit 108, Palm Beach, FL 33480 since 17 March 2024 and is currently priced at $3,176,623, approximately $1,700 per square foot. This property was built in 1974. 2275 S Ocean Blvd Unit 108 is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Lake Worth Community Middle School, and Forest Hill Community High School.

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.

BeachesMLS 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.

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