NOT LISTED FOR SALE

The Reef 2275 S Ocean Blvd Unit 307/308 Cs1 Palm Beach, FL 33480

Estimated Value: $4,170,000 - $5,990,580

4 Beds
4.5 Baths
4,720 Sq Ft
$3,381/mo HOA Fee

Last Sold June 12, 2019

Last sale price $2,800,000 $593 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $33,953/month

88 Days on Market

Highlights

  • Ocean Front
  • Fitness Center
  • Elevator
  • Palm Beach Public School Rated A-
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of June 2019

Absolute perfection. Looks like something out of Architectural Digest. 4BR/4.5BA south east corner top floor direct oceanfront residence. With 3,711 square feet under air, this beautifully designed condo lives like an oceanfront house. Every room has an ocean view. Top notch finishes, no detail overlooked. Cabana included in sale. Two small pets permitted. SQUARE FOOTAGE PER FLOORPLAN DRAFTSMAN.

Last Agent to Sell the Property

Jeffrey Cloninger

Sotheby's Intl. Realty, Inc. License #619094 Listed on: 02/13/2019

Sotheby's Intl. Realty, Inc.

Last Buyer's Agent

William Kirk

Compass Florida LLC (PB) License #3224168

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,203

Year Built

  • Built in 1974

Lot Details

  • 6

HOA Fees

  • $3,381 Monthly HOA Fees

Interior Spaces

  • 4,720 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Dual Sinks

Laundry

  • Dryer
  • Washer

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434414010023070

Community Details

Overview

  • Association fees include common areas, sewer, trash, water
  • Reef Condo Subdivision

Amenities

  • Elevator

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,203

Year Built

Built in 1974

Lot Details

0

HOA Fees

$3,381 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: South on Ocean Blvd to address
  • Year Built: 1974
  • Entry Level: 3
  • Year Built Details: Resale
  • Pets No Pets Comments: Other Pet Restrictions:Possible Restrictions
  • Special Features: None

Interior Features

  • Interior Amenities: Dual Sinks
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood, Other, Wood
  • Living Area: 4720.0
  • Stories: 3

Exterior Features

  • View: Ocean
  • Pool Features: None
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 3381.0
  • Senior Community: No
  • Amenities: Fitness Center, Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Sewer, Trash, Water

Lot Info

  • Parcel #: 50434414010023070
  • Lot Size: 5 to <10 Acres
  • Lot Size Sq Ft: 261614.0
  • Zoning Description: R-C(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 13203.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2019
Closed on
Jun 12, 2019
Sold by
Benjamin Linda J
Bought by
Ladove Lawrence and Ladove Linda A
Seller's Agent
Jeffrey Cloninger
Sotheby's Intl. Realty, Inc.
Buyer's Agent
William Kirk
Compass Florida LLC (PB)
List Price
$2,975,000
Sold Price
$2,800,000
Premium/Discount to List
-$175,000
-5.88%
Total Days on Market
88
Current Estimated Value
$5,056,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,256,193
Avg. Annual Appreciation
10.39%

Purchase Details

Closed on
Feb 21, 2012
Sold by
Benjamin Roger E
Bought by
Benjamin Roger E

Purchase Details

Closed on
Feb 13, 2012
Sold by
Key Bank Na
Bought by
Benjamin Roger E

Purchase Details

Closed on
Dec 30, 2005
Sold by
Chase Whitaker Frances and Whitaker Frances Chase Revocab
Bought by
Genser Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.28%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 3, 2005
Sold by
English Chester F and English Adrenee T
Bought by
Key Bank Na and Robert E Benjamin Residential Property R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2002
Sold by
Nederlander Barbara
Bought by
Spinelli Paul B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
6.01%

Purchase Details

Closed on
Jan 17, 1994
Sold by
Smith Philip G and Smith Florence
Bought by
Smith Philip G

Purchase Details

Closed on
Jun 25, 1993
Sold by
Chanoff David
Bought by
Smith Philip G
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 Buyer Sale Price Title Company
Ladove Lawrence $2,796,666 Attorney
Benjamin Roger E -- Attorney
Benjamin Roger E -- Attorney
Genser Joan $600,000 None Available
Key Bank Na $1,700,000 Phoenix Title Insurance Corp
Spinelli Paul B $260,000 --
Smith Philip G -- --
Smith Philip G $250,000 --
Silow Mark L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benjamin Roger E $415,900
Previous Owner Genser Joan $360,000
Previous Owner Key Bank Na $650,000
Previous Owner Spinelli Paul B $234,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2019 06/12/19 Sold $2,800,000 -5.9% $593 / Sq Ft
05/13/2019 05/13/19 Pending -- -- --
02/13/2019 02/13/19 For Sale $2,975,000 -- $630 / 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 $26,264 $1,772,840 -- --
2023 $25,698 $1,721,204 $0 $0
2022 $25,726 $1,671,072 $0 $0
2021 $26,162 $1,622,400 $0 $0
2020 $26,212 $1,600,000 $0 $1,600,000
2019 $13,899 $836,879 $0 $0
2018 $13,203 $821,275 $0 $0
2017 $13,196 $804,383 $0 $0
2016 $12,965 $787,838 $0 $0
2015 $13,405 $782,361 $0 $0
2014 $13,467 $776,152 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jeffrey Cloninger

    Sotheby's Intl. Realty, Inc.

    (561) 659-3555

    28 Total Sales

    Jeffrey Cloninger
    Section Image

  • W

    Buyer's Agent in 2019

    William Kirk

    Compass Florida LLC (PB)

    6 Total Sales

    William Kirk
    Section Image
See All Agents

About The Reef

Map

Source: BeachesMLS

MLS Number: R10504543

BeachesMLS

APN: 50-43-44-14-01-002-3070

Florida Palm Beach County Palm Beach 33480

2275 S Ocean Blvd Unit 307/308 Cs1, Palm Beach, FL

This home is located at 2275 S Ocean Blvd Unit 307/308 Cs1, Palm Beach, FL 33480 since 13 February 2019 and is currently estimated at $5,056,193, approximately $1,071 per square foot. This property was built in 1974. 2275 S Ocean Blvd Unit 307/308 Cs1 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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