NOT LISTED FOR SALE

The Reef 2275 S Ocean Blvd Unit 208A Palm Beach, FL 33480

Estimated Value: $1,356,000 - $1,935,031

2 Beds
2 Baths
1,683 Sq Ft
$1,004/Sq Ft Est. Value

Last Sold January 30, 2020

Last sale price $745,000 $443 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $12,320/month

154 Days on Market

Highlights

  • Doorman
  • Property has ocean access
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • Lanai

About This Home

As of January 2020

Live in a landmark! Spacious, gracious and stylish 2 bedroom, 2 bath at The Reef, Palm Beach's iconic mid century masterpiece.
Completely private, forever-protected Phipps Ocean Park views from each and every room, with the glittering West Palm Beach skyline visible in the distance from the expansive terrace.

Last Agent to Sell the Property

Burt Minkoff

Douglas Elliman License #3027869 Listed on: 08/19/2019

Douglas Elliman

Last Buyer's Agent

BURTON MINKOFF

MCCANN COYNER CLARKE

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $6,998

Year Built

  • Built in 1974

Lot Details

  • Home has North and South Exposure

HOA Fees

  • $1,466 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 1,683 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Dining Area
  • Storage
  • Home Gym
  • Marble Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Outdoor Features

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434414010032080

Community Details

Overview

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

Amenities

  • Doorman
  • Common Area
  • Lobby
  • Elevator

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$6,998

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,466 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: 0407 Residential - Total Value - Condominium - Residential
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 6998.0
  • Location Tax Legal:Tax Year2: 2018
  • General Property Description:Living Area: 1683.0
  • General Property Description:Pool: No
  • General Property Description:Waterfront: No
  • General Property Description:Maintenance Amount: 4398.0
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 78
  • General Property Description:_pound_ Floors: 3.0
  • Exposure of Unit:South2: Yes
  • Pool:Pool3: 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:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Exposure of Unit:North2: Yes
  • Floors:Marble: Yes
  • Maintenance Includes:Cable TV: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Ice Maker, Oven-Single, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 2
  • Flooring: Marble
  • Interior Amenities: Cable, Storage, Wet Bar, Smoke Alarms
  • Living Area: 1683.0
  • Stories: 3
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Wet Bar: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: No
  • Exterior Features: Balcony, Patio/Lanai, Storm Shutters, 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:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Storm Shutters: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Door Person
  • Heating: Central Air, 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, Sewer, Water

Lot Info

  • Parcel #: 50434414010032080
  • Zoning: 0407 Residential - Total

Multi Family

  • Number Of Units Total: 78
  • Maintenance Expense: 4398.0

Tax Info

  • Tax Annual Amount: 6998.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2021
Sold by
Normile Dorita H
Bought by
Normile Dorita H and Normile James S
Total Days on Market
154
Current Estimated Value
$1,689,258

Purchase Details

Listed on
Aug 19, 2019
Closed on
Jan 30, 2020
Sold by
Wilkie Richard A and Stolman Steven S
Bought by
Normile Dorita H
Seller's Agent
Burt Minkoff
Douglas Elliman
Buyer's Agent
BURTON MINKOFF
MCCANN COYNER CLARKE
List Price
$745,000
Sold Price
$745,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.57%

Purchase Details

Listed on
Feb 5, 2016
Closed on
Apr 15, 2016
Sold by
2275 Ocean208 Llc
Bought by
Wilkie Richard A
Seller's Agent
Maxime Kaan Lilly
International Realty of Florida
Buyer's Agent
Burt Minkoff
Douglas Elliman
List Price
$575,000
Sold Price
$515,000
Premium/Discount to List
-$60,000
-10.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.23%
Original Mortgage
$386,250
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2015
Sold by
Vetromile Maria G and Pnc Bank National Association
Bought by
2275 Ocean208 Llc

Purchase Details

Closed on
Jul 7, 2005
Sold by
Filtzer Frances S
Bought by
Vetromile Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
10%
Mortgage Type
Stand Alone First
Source: Public Records

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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
Normile Dorita H -- Attorney
Normile Dorita H $745,000 Trident Title
Wilkie Richard A $515,000 Weston Title & Escrow Inc
2275 Ocean208 Llc $342,300 None Available
Vetromile Maria G $350,000 Eastern National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilkie Richard A $386,250
Previous Owner Vetromille Maria G $105,000
Previous Owner Vetromile Maria G $190,000
Previous Owner Vetromile Maria G $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2020 01/30/20 Sold $745,000 0.0% $443 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
08/19/2019 08/19/19 For Sale $745,000 +44.7% $443 / Sq Ft
04/15/2016 04/15/16 Sold $515,000 -10.4% $371 / Sq Ft
03/16/2016 03/16/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $575,000 -- $414 / 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 $16,467 $705,430 -- --
2023 $15,620 $641,300 $0 $1,500,000
2022 $11,038 $583,000 $0 $0
2021 $9,077 $530,000 $0 $530,000
2020 $7,246 $450,120 $0 $0
2019 $7,223 $440,000 $0 $440,000
2018 $6,998 $440,000 $0 $440,000
2017 $7,549 $425,000 $0 $0
2016 $6,031 $345,000 $0 $0
2015 $5,740 $315,000 $0 $0
2014 $5,816 $315,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Burt Minkoff

    Seller's Agent in 2020

    Burt Minkoff

    Douglas Elliman

    65 Total Sales

    Burt Minkoff
    Section Image

  • B

    Buyer's Agent in 2020

    BURTON MINKOFF

    MCCANN COYNER CLARKE

  • M

    Seller's Agent in 2016

    Maxime Kaan Lilly

    International Realty of Florida

See All Agents

About The Reef

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 19-1676

APN: 50-43-44-14-01-003-2080

Florida Palm Beach County Palm Beach 33480

2275 S Ocean Blvd Unit 208A, Palm Beach, FL

This home is located at 2275 S Ocean Blvd Unit 208A, Palm Beach, FL 33480 since 19 August 2019 and is currently estimated at $1,689,258, approximately $1,003 per square foot. This property was built in 1974. 2275 S Ocean Blvd Unit 208A 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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