$575,000
SOLD MAY 7, 2015

The Reef 2275 S Ocean Blvd Palm Beach, FL 33480

3 Beds
2.5 Baths
2,000 Sq Ft
$1,359/mo HOA Fee

Recently Sold

$288 Per Sq Ft

17% Below List Price

293 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Ceramic Tile Flooring
  • Palm Beach Public School Rated A-
  • Community Pool
  • Central Heating and Cooling System

About This Home

As of June 2025

Great opportunity to own this large 3BR/2.5BA apartment in sought after Oceanfront building. Total high end renovation with Ocean and Intracoastal views, hurricane impact doors, and high ceilings. Full service building with garage parking, new stylish lobby & common areas, fitness center, and doorman. 2 pets ok.

Last Agent to Sell the Property

Joan Wenzel

Douglas Elliman License #597469 Listed on: 06/17/2014

Douglas Elliman

Co-Listed By

B. DUERR

One Sotheby's International Re License #3117391

Last Buyer's Agent

Jacqueline Zimmerman

Douglas Elliman License #3158513

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,138

Year Built

  • Built in 1975

Lot Details

HOA Fees

  • $1,359 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

Interior Spaces

  • 2,000 Sq Ft Home
  • 3-Story Property
  • Ceramic Tile Flooring

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 504344140013040

Community Details

Overview

  • Association fees include common areas, cable TV, insurance, maintenance structure, pest control, sewer, trash, water
  • 78 Units
  • Reef Condo Subdivision

Amenities

  • Doorman

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,138

Year Built

Built in 1975

Lot Details

0

HOA Fees

$1,359 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Call listing agent
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Ceramic Tile
  • Living Area: 2000.0
  • Dining Room Type: Storage Room
  • Stories: 3

Exterior Features

  • View: Intercoastal, Ocean
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Security: Door Man
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available, Water Available

Condo/Co-op/Association

  • Association Fee: 1359.0
  • Community Features: Pool
  • Senior Community: No
  • Amenities: Pool
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Maintenance Structure, Pest Control, Sewer, Trash, Water

Lot Info

  • Parcel #: 504344140013040
  • Zoning Description: RD-1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 7138.0

Multi Family

  • Number Of Units In Community: 78

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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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: 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 $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

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Map

Source: BeachesMLS

MLS Number: R10049885

BeachesMLS

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