The Reef 2275 S Ocean Blvd Palm Beach, FL 33480
3
Beds
2.5
Baths
1,868
Sq Ft
$2,875/mo
HOA Fee
Highlights
- Doorman
- Ocean Front
- Great Room
- Palm Beach Public School Rated A-
- Fitness Center
- Community Pool
About This Home
As of June 2025Beautiful top floor 3 bedroom, 2.5 bathroom apartment with Ocean, Intracoastal & pool views in The Reef. Enjoy the sunrise and sunset views. Wonderful floor plan with spacious living room, modern kitchen with stainless steel appliances, and large balcony. Impact windows and doors throughout. The Reef is a landmarked Oceanfront building designed by reknown architect Gene Lawrence. Amenities include lovely large pool with private cabanas, easy beach access, fitness center, garage parking, doorman, and on-site manager. Located next to the Palm Beach Tennis Center and a few blocks from the Palm Beach Par 3 Golf Course with award winning clubhouse restaurant. Short drive to Worth Avenue, shopping, dining, and area attractions.
Last Agent to Sell the Property
Compass Florida LLC (PB) License #3022293 Listed on: 01/29/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $17,461
Year Built
- Built in 1974
Lot Details
HOA Fees
- $2,875 Monthly HOA Fees
Parking
- 1 Car Garage
- Guest Parking
Property Views
Interior Spaces
- 1,868 Sq Ft Home
- 3-Story Property
- Sliding Windows
- Entrance Foyer
- Great Room
- Combination Dining and Living Room
Kitchen
- Electric Range
- Microwave
- Ice Maker
- Dishwasher
- Trash Compactor
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Split Bedroom Floorplan
Laundry
- Laundry Room
- Washer and Dryer
Home Security
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 50434414010023040
Community Details
Overview
- Association fees include management, common areas, cable TV, insurance, maintenance structure, parking, pest control, pool(s), roof, sewer, security, trash, water
- Reef Subdivision
Amenities
- Doorman
- Elevator
Recreation
Pet Policy
- Pets Allowed
Security
- Resident Manager or Management On Site
- Card or Code Access
- Fire and Smoke Detector
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: R10954650
APN: 50-43-44-14-01-002-3040
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