$1,215,000
SOLD MAY 27, 2025

The Reef 2275 S Ocean Blvd Unit 202 Palm Beach, FL 33480

2 Beds
2 Baths
1,614 Sq Ft
$2,893/mo HOA Fee

Recently Sold

$753 Per Sq Ft

44% Below List Price

322 Days on Market

Highlights

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

About This Home

As of May 2025

Classic two bedroom apartment with stunning ocean vistas. The Reef, a historic landmark condominium , is known as the Boutique Resort Gem on the island of Palm Beach. Indoor garage parking, a newly installed gym, and being pet friendly are also part of this wonderful lifestyle. Steps to the newly designed Phipps Park with specimen foliage and top tennis facilities are another benefit. Walk to the Par Three Golf Course, top restaurants and just a five minute drive to iconic Worth Avenue. Welcome to Paradise!

Last Agent to Sell the Property

Lisa LaReau

Illustrated Properties LLC License #SL-3328357 Listed on: 11/21/2024

Illustrated Properties LLC

Last Buyer's Agent

Burt Minkoff

Douglas Elliman License #3027869

Douglas Elliman

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $13,826

Year Built

  • Built in 1974

Lot Details

  • Northeast Facing Home

HOA Fees

  • $2,893 Monthly HOA Fees

Interior Spaces

  • 1,614 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Dining Area
  • Storage
  • Home Gym
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Garage
  • Parking Available

Eco-Friendly Details

  • Non-Toxic Pest Control

Outdoor Features

  • Outdoor Pool
  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434414010022020

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

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$13,826

Year Built

Built in 1974

Lot Details

0

HOA Fees

$2,893 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • 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.
  • Building Name: Reef, The
  • Year Built: 1974
  • Location Tax Legal:Name of Building: Reef, The
  • Location Tax Legal:Zoned: RC
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 13826.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 1614.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 2893.0
  • 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
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: Yes
  • Exposure of Unit:East2: 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
  • 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
  • Pets:Pets Allowed: Yes
  • Waterfront-Unit:Ocean - Direct2: Yes
  • Maintenance Includes:Cable TV: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Oven-Single, Microwave, Washer, Dryer, Range - Electric
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile, Other Flooring
  • Interior Amenities: Cable, Storage, Smoke Alarms, Pantry
  • Living Area: 1614.0
  • Stories: 3
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Other Rooms:Pantry: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Balcony, Ocean Access- Deeded, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Ocean Access-Deeded: Yes

Garage/Parking

  • Parking:Garage2: Yes
  • Parking 2 Car2: Yes
  • Parking 1 Car2: Yes

Utilities

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

Condo/Co-op/Association

  • 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 #: 50434414010022020
  • Zoning: RC

Multi Family

  • Number Of Units Total: 78
  • Maintenance Expense: 2893.0

Tax Info

  • Tax Annual Amount: 13826.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2024
Closed on
May 27, 2025
Sold by
Wean Susanne C
Bought by
Eric D Goldberg 2006 Revocable Trust and Goldberg
Seller's Agent
Lisa LaReau
Illustrated Properties LLC
Buyer's Agent
Burt Minkoff
Douglas Elliman
List Price
$2,175,000
Sold Price
$1,215,000
Premium/Discount to List
-$960,000
-44.14%
Views
48
Current Estimated Value
$1,321,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,091
Avg. Annual Appreciation
29.90%

Purchase Details

Closed on
Oct 30, 1998
Sold by
Rackoff Barbara W
Bought by
Wean Susanne C
Source: Public Records

Range of Values:

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Average Value
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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 $1,215,000 None Listed On Document
Warranty Deed $1,215,000 None Listed On Document
Warranty Deed $255,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 Sold $1,215,000 -28.3% $753 / Sq Ft
03/28/2025 03/28/25 Pending -- -- --
02/20/2025 02/20/25 Price Changed $1,695,000 -22.1% $1,050 / Sq Ft
11/21/2024 11/21/24 For Sale $2,175,000 0.0% $1,348 / Sq Ft
10/02/2024 10/02/24 Off Market $2,175,000 -- --
05/10/2024 05/10/24 For Sale $2,175,000 -- $1,348 / 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 $14,612 $765,325 -- --
2023 $13,826 $695,750 $0 $1,150,000
2022 $11,932 $632,500 $0 $0
2021 $9,807 $575,000 $0 $575,000
2020 $9,543 $550,000 $0 $550,000
2019 $9,739 $550,000 $0 $550,000
2018 $8,680 $505,000 $0 $505,000
2017 $8,402 $505,000 $0 $0
2016 $7,235 $415,000 $0 $0
2015 $7,353 $405,000 $0 $0
2014 $7,354 $396,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa LaReau

    Seller's Agent in 2025

    Lisa LaReau

    Illustrated Properties LLC

    (561) 366-1121

    3 Total Sales

    Lisa LaReau
    Section Image
  • Burt Minkoff

    Buyer's Agent in 2025

    Burt Minkoff

    Douglas Elliman

    (561) 512-8978

    63 Total Sales

    Burt Minkoff
    Section Image
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About The Reef

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 24-815

APN: 50-43-44-14-01-002-2020

Florida Palm Beach County Palm Beach 33480

2275 S Ocean Blvd Unit 202, Palm Beach, FL

This home is located at 2275 S Ocean Blvd Unit 202, Palm Beach, FL 33480 and is currently priced at $1,215,000, approximately $752 per square foot. This property was built in 1974. 2275 S Ocean Blvd Unit 202 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.

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