The Reef 2275 S Ocean Blvd Palm Beach, FL 33480
2
Beds
2.5
Baths
1,868
Sq Ft
$1,443/mo
HOA Fee
Highlights
- Doorman
- Ocean Front
- Marble Flooring
- Palm Beach Public School Rated A-
- Home Theater
- Community Pool
About This Home
As of June 2025Unique opportunity to purchase an ocean view 2 Bed/2.5 bath 1,868 SF apartment that has been completely gut renovated. The apartment has a South East exposure and has ocean views from both bedrooms. Owned by Simon Doonan and Jonathan Adler the apartment has been designed by Jonathan Adler and is available unfurnished or completely furnished.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,621
Year Built
- Built in 1975
Lot Details
- South Facing Home
HOA Fees
- $1,443 Monthly HOA Fees
Parking
- 1 Car Garage
Property Views
Interior Spaces
- 1,868 Sq Ft Home
- 3-Story Property
- Entrance Foyer
- Home Theater
- Marble Flooring
Kitchen
- Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
Laundry
- Dryer
- Washer
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 50434414010033040
Community Details
Overview
- Association fees include common areas, cable TV, insurance, maintenance structure, pest control, trash
- 78 Units
- Reef Condo Subdivision
Recreation
Additional Features
- Doorman
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 29, 2024
Closed on
Jun 10, 2025
Sold by
Palacorolla Thomas A and Palacorolla Barbara J
Bought by
Hershcopf Cathy
Seller's Agent
Thor Brown
Compass Florida LLC (PB)
Buyer's Agent
guy clark
Douglas Elliman
List Price
$2,250,000
Sold Price
$1,375,000
Premium/Discount to List
-$875,000
-38.89%
Views
117
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
216.91%
Purchase Details
Closed on
May 22, 2007
Sold by
Talmadge Richard and Talmadge Joyce
Bought by
Palacorolla Thomas A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 8, 2001
Sold by
Arthur Talmadge I
Bought by
Talmadge Richard E
Purchase Details
Closed on
Nov 1, 1993
Sold by
Talmadge Richard E and Sussman Joyce A
Bought by
Talmadge Arthur
Similar Homes in Palm Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,375,000 | None Listed On Document | |
| Warranty Deed | $1,375,000 | None Listed On Document | |
| Warranty Deed | $635,000 | Attorney | |
| Warranty Deed | -- | -- | |
| Quit Claim Deed | $375,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $508,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Sold | $1,375,000 | -8.3% | $736 / Sq Ft |
| 05/06/2025 05/06/25 | Pending | -- | -- | -- |
| 04/22/2025 04/22/25 | Price Changed | $1,500,000 | -11.5% | $803 / Sq Ft |
| 03/25/2025 03/25/25 | Price Changed | $1,695,000 | -5.6% | $907 / Sq Ft |
| 02/05/2025 02/05/25 | Price Changed | $1,795,000 | -4.3% | $961 / Sq Ft |
| 12/09/2024 12/09/24 | Price Changed | $1,875,000 | -3.8% | $1,004 / Sq Ft |
| 07/15/2024 07/15/24 | Price Changed | $1,950,000 | -13.3% | $1,044 / Sq Ft |
| 01/29/2024 01/29/24 | For Sale | $2,250,000 | +158.6% | $1,204 / Sq Ft |
| 06/28/2019 06/28/19 | Sold | $870,000 | -27.4% | $462 / Sq Ft |
| 05/29/2019 05/29/19 | Pending | -- | -- | -- |
| 02/06/2019 02/06/19 | For Sale | $1,198,500 | +37.7% | $636 / Sq Ft |
| 05/10/2018 05/10/18 | Sold | $870,500 | 0.0% | $462 / Sq Ft |
| 04/23/2018 04/23/18 | Pending | -- | -- | -- |
| 04/24/2017 04/24/17 | For Sale | $870,500 | -18.7% | $462 / Sq Ft |
| 02/24/2017 02/24/17 | Sold | $1,070,500 | +18.3% | $573 / Sq Ft |
| 01/25/2017 01/25/17 | Pending | -- | -- | -- |
| 12/08/2016 12/08/16 | Sold | $905,000 | 0.0% | $488 / Sq Ft |
| 12/08/2016 12/08/16 | Sold | $905,000 | 0.0% | $484 / Sq Ft |
| 11/14/2016 11/14/16 | Pending | -- | -- | -- |
| 11/08/2016 11/08/16 | Pending | -- | -- | -- |
| 07/05/2016 07/05/16 | For Sale | $905,000 | -39.5% | $488 / Sq Ft |
| 02/04/2016 02/04/16 | For Sale | $1,495,000 | +22.0% | $800 / Sq Ft |
| 12/30/2015 12/30/15 | For Sale | $1,225,000 | +113.0% | $656 / Sq Ft |
| 05/07/2015 05/07/15 | Sold | $575,000 | 0.0% | $308 / Sq Ft |
| 05/07/2015 05/07/15 | Sold | $575,000 | -17.3% | $288 / Sq Ft |
| 04/14/2015 04/14/15 | Pending | -- | -- | -- |
| 04/07/2015 04/07/15 | Pending | -- | -- | -- |
| 06/17/2014 06/17/14 | For Sale | $695,000 | +20.9% | $348 / Sq Ft |
| 10/01/2013 10/01/13 | For Sale | $575,000 | -- | $308 / Sq Ft |
Source: BeachesMLS
Tax History Compared to Growth
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 | $18,481 | $929,704 | -- | -- |
| 2023 | $17,461 | $845,185 | $0 | $1,515,000 |
| 2022 | $14,801 | $768,350 | $0 | $0 |
| 2021 | $11,959 | $720,000 | $0 | $720,000 |
| 2020 | $10,945 | $635,000 | $0 | $635,000 |
| 2019 | $10,749 | $610,000 | $0 | $610,000 |
| 2018 | $10,776 | $730,000 | $0 | $730,000 |
| 2017 | $10,496 | $730,000 | $0 | $0 |
| 2016 | $8,262 | $467,500 | $0 | $0 |
| 2015 | $7,711 | $425,000 | $0 | $0 |
| 2014 | $7,812 | $425,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
T
Seller's Agent in 2025
Thor Brown
Compass Florida LLC (PB)
(561) 301-7048
53 Total Sales
-
Buyer's Agent in 2025
guy clark
Douglas Elliman
(646) 262-3758
70 Total Sales
-
A
Seller's Agent in 2019
Ashley Copeland
Brown Harris Stevens of PB
(561) 596-5959
73 Total Sales
-
C
Buyer's Agent in 2019
Carole Koeppel
Sotheby's Intl. Realty, Inc.
(561) 329-0019
25 Total Sales
-
B
Seller's Agent in 2018
Bill Yahn
The Corcoran Group
(561) 655-9081
14 Total Sales
-
S
Buyer's Agent in 2018
SUZANNE FRISBIE
MCCANN COYNER CLARKE
About The Reef
Map
Source: BeachesMLS
MLS Number: R10194422
APN: 50-43-44-14-01-002-3040
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