The Reef 2275 S Ocean Blvd Unit 307 & 308 Palm Beach, FL 33480
Estimated payment $35,649/month
Total Views
3,328
3
Beds
5
Baths
3,711
Sq Ft
$1,346
Price per Sq Ft
Highlights
- Doorman
- Direct Ocean View
- Fitness Center
- Palm Beach Public School Rated A-
- Property has ocean access
- Cabana
About This Home
Rarely available, this extraordinary direct oceanfront penthouse, boasting 4,720 total sq. ft., has coveted wrap around east and southeast balconies. Stunning water views from every room! All required building work will be finished by end of the summer and assessments are paid! The prestigious Reef will be a new building with all new landscaping, new driveways, hallways, and lobbies. Comprised of 3 bedrooms, with possibility of 4th bedroom, 4.1 baths, dining room, library and chef's kitchen, all renovated with real hardwood flooring, high end finishes and brand new hurricane impact windows. Garage parking for 2 cars, poolside cabana, direct beach access, fully equipped fitness center, two extra-large storage spaces, pet friendly. This prestigious Landmarked SEE MORE: full service building is located next to the Palm Beach Tennis Center and a few blocks from the P B Par 3 Golf Course, top restaurants, and only a short drive to Worth Avenue.
Listing Agent
Brown Harris Stevens of Palm Beach 5225 License #3610607 Listed on: 09/17/2024
Property Details
Home Type
- Condo-Op
Est. Annual Taxes
- $25,698
Year Built
- Built in 1974
Lot Details
- Southeast Facing Home
HOA Fees
- $5,602 Monthly HOA Fees
Interior Spaces
- 3,711 Sq Ft Home
- 3-Story Property
- Wet Bar
- Sound System
- Ceiling Fan
- Dining Room
- Library
- Utility Room
- Home Gym
Kitchen
- Double Oven
- Electric Range
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 5 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- Home Security System
- High Impact Windows
- Fire and Smoke Detector
Parking
- Garage
- Parking Available
Eco-Friendly Details
- Non-Toxic Pest Control
Pool
- Cabana
- Gas Heated Pool
- Outdoor Pool
Outdoor Features
- Property has ocean access
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 50434414010023070
Community Details
Overview
- Association fees include insurance, common area, maintenance exterior, trash, pest control, sewer, water
- 78 Units
- Reef, The Community
- On-Site Maintenance
Amenities
- Doorman
- Common Area
- Lobby
- Elevator
Recreation
Pet Policy
- Small pets allowed
Security
- Resident Manager or Management On Site
Map
About The Reef
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Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2025 03/03/25 | Price Changed | $4,995,000 | -16.1% | $1,346 / Sq Ft |
| 01/30/2025 01/30/25 | Price Changed | $5,950,000 | -5.5% | $1,603 / Sq Ft |
| 09/17/2024 09/17/24 | For Sale | $6,299,000 | -- | $1,697 / Sq Ft |
Source: Palm Beach Board of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,796,666 | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Deed | -- | Attorney | |
| Warranty Deed | $600,000 | None Available | |
| Warranty Deed | $1,700,000 | Phoenix Title Insurance Corp | |
| Warranty Deed | $260,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $250,000 | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $415,900 | New Conventional | |
| Previous Owner | $360,000 | Credit Line Revolving | |
| Previous Owner | $650,000 | Purchase Money Mortgage | |
| Previous Owner | $234,000 | No Value Available |
Source: Public Records
Similar Homes in Palm Beach, FL
Source: Palm Beach Board of REALTORS®
MLS Number: 24-1316
APN: 50-43-44-14-01-002-3070
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