$870,500
SOLD MAY 10, 2018

The Reef 2275 S Ocean Blvd Palm Beach, FL 33480

2 Beds
2 Baths
1,884 Sq Ft
$1,622/mo HOA Fee

Recently Sold

$462 Per Sq Ft

364 Days on Market

Highlights

  • Doorman
  • Direct Ocean View
  • Waterfront
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • Marble Flooring

About This Home

As of June 2025

Unique 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.

Last Agent to Sell the Property

Bill Yahn

The Corcoran Group License #3158295 Listed on: 04/24/2017

The Corcoran Group

Last Buyer's Agent

SUZANNE FRISBIE

MCCANN COYNER CLARKE

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $8,171

Year Built

  • Built in 1974

Lot Details

  • Southeast Facing Home

HOA Fees

  • $1,622 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 1,884 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Dining Area
  • Utility Room
  • Home Gym
  • Marble Flooring
  • Hurricane or Storm Shutters

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434414010033040

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

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$8,171

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,622 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: RD-1
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 8170.71
  • Location Tax Legal:Tax Year2: 2016
  • General Property Description:Living Area: 1884.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 4866.53
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 78
  • General Property Description:_pound_ Floors: 3.0
  • Waterfront-Building:Ocean - Direct: Yes
  • Exposure of Unit:East2: Yes
  • 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
  • Floors:Marble: Yes
  • Lease Restrictions Pets W Restrictions: 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
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Marble
  • Interior Amenities: Cable, Ceiling Fan, Wndw Trmnts Included, Pantry
  • Living Area: 1884.0
  • Stories: 3
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Ceiling Fan: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Balcony, Storm Shutters, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: 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

  • Development Status: Land Owned
  • Parcel #: 50434414010033040
  • Zoning: RD-1

Multi Family

  • Number Of Units Total: 78
  • Maintenance Expense: 4866.53

Tax Info

  • Tax Annual Amount: 8170.71
  • Tax Year: 2016

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
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 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: 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 $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

    Section Image
  • guy clark

    Buyer's Agent in 2025

    guy clark

    Douglas Elliman

    (646) 262-3758

    70 Total Sales

    Section Image

  • A

    Seller's Agent in 2019

    Ashley Copeland

    Brown Harris Stevens of PB

    (561) 596-5959

    73 Total Sales

    Section Image

  • C

    Buyer's Agent in 2019

    Carole Koeppel

    Sotheby's Intl. Realty, Inc.

    (561) 329-0019

    25 Total Sales

    Section Image

  • B

    Seller's Agent in 2018

    Bill Yahn

    The Corcoran Group

    (561) 655-9081

    14 Total Sales

    Section Image

  • S

    Buyer's Agent in 2018

    SUZANNE FRISBIE

    MCCANN COYNER CLARKE

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About The Reef

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 17-1060

APN: 50-43-44-14-01-002-3040

Florida Palm Beach County Palm Beach 33480

2275 S Ocean Blvd, Palm Beach, FL

This home is located at 2275 S Ocean Blvd, Palm Beach, FL 33480 and is currently priced at $870,500, approximately $462 per square foot. This property was built in 1974. 2275 S Ocean Blvd 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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