NOT LISTED FOR SALE

Estimated Value: $22,737,243

0.54 Acre
$41,900,090 Price per Acre
23,638 Sq Ft Lot

Last Sold May 12, 2022

Last sale price $18,224,000 $1,689 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $144,653/month

17 Days on Market

About This Lot

As of May 2022

Spectacular oversized, secluded 23,638 SF+/- parcel. This is the last available parcel in Phipps Estates and the best off-water lot available in Palm Beach.

Last Agent to Sell the Property

JIM McCANN

Premier Estate Properties, Inc License #397290 Listed on: 03/25/2022

Last Buyer's Agent

Kerry Warwick

The Corcoran Group License #697948

The Corcoran Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $249,024

Year Built

  • 1996

Lot Details

  • 0.54 Acre Lot
  • Interior Lot
  • Site Plan Filed
  • Property is zoned RB

HOA Fees

  • $1,100 Monthly HOA Fees

Location

  • City Lot

Community Details

  • Phipps Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434314290000020

Property Details

Property Type

Land

Est. Annual Taxes

$249,024

Year Built

1996

Lot Details

0

HOA Fees

$1,100 per month

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Royal Park Bridge east to N County Road, Via las Brisas is approx 1.5 miles on the west side of the road inside Phipps Estates
  • Special Features: None
  • Year Built: 1996

Exterior Features

  • Lot Features: City Lot, Interior Lot
  • Waterfront: No

Condo/Co-op/Association

  • Association Fee: 1100.0
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 50434314290000020
  • Development Status: Site Plan Filed
  • Lot Size Sq Ft: 23638.0
  • Zoning Description: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 249024.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2024
Sold by
228 Vlb Land Trust and Bruno Christian S
Bought by
Via Las Brisas Llc
Total Days on Market
17
Current Estimated Value
$22,737,243

Purchase Details

Listed on
Mar 25, 2022
Closed on
May 11, 2022
Sold by
228 Via Las Brisas Llc
Bought by
228 Vlb Land Trust
Seller's Agent
JIM McCANN
Premier Estate Properties, Inc
Buyer's Agent
Kerry Warwick
The Corcoran Group
List Price
$19,900,000
Sold Price
$18,224,000
Premium/Discount to List
-$1,676,000
-8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.52%

Purchase Details

Closed on
Aug 20, 2021
Sold by
228 Via Las Brisas Llc
Bought by
230 Via Las Brisas Llc

Purchase Details

Listed on
Jan 8, 2021
Closed on
Apr 19, 2021
Sold by
228 Las Brisas Corporation
Bought by
228 Via Las Brisas Llc
Seller's Agent
JIM McCANN
Premier Estate Properties, Inc
Buyer's Agent
JIM McCANN
Premier Estate Properties, Inc
List Price
$25,500,000
Sold Price
$22,990,650
Premium/Discount to List
-$2,509,350
-9.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.27%

Purchase Details

Closed on
Apr 14, 1997
Sold by
Phipps Lot 2 Corp
Bought by
Max & Jill Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
7.69%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 12, 1996
Sold by
Phipps Estates Ltd Partnership
Bought by
Phipps Lot 2 Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
7.29%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Via Las Brisas Llc -- None Listed On Document
228 Vlb Land Trust $18,224,000 Rabideau Klein
230 Via Las Brisas Llc -- Accommodation
228 Via Las Brisas Llc $22,990,650 Attorney
Max & Jill Corporation $1,300,000 --
Phipps Lot 2 Corp $1,150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phipps Lot 2 Corp $3,500,000
Previous Owner Phipps Lot 2 Corp $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2022 05/12/22 Sold $18,224,000 -8.4% $1,689 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $19,900,000 -13.4% $1,844 / Sq Ft
04/19/2021 04/19/21 Sold $22,990,650 -9.8% $2,131 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $25,500,000 -- $2,364 / 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 $191,030 $12,745,620 -- --
2023 $187,241 $12,381,650 $12,381,650 $0
2022 $144,167 $9,216,200 $0 $0
2021 $249,024 $15,627,216 $9,606,154 $6,021,062
2020 $226,016 $13,602,373 $8,995,252 $4,607,121
2019 $227,314 $13,396,497 $8,745,384 $4,651,113
2018 $250,502 $15,873,327 $11,117,260 $4,756,067
2017 $233,927 $14,583,569 $9,038,423 $5,545,146
2016 $223,799 $12,280,673 $0 $0
2015 $218,736 $11,164,248 $0 $0
2014 $203,617 $10,149,316 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10786700

BeachesMLS

APN: 50-43-43-14-29-000-0020