NOT LISTED FOR SALE

2291 Ibis Isle Rd E Palm Beach, FL 33480

Estimated Value: $2,800,000 - $11,517,762

4 Beds
5 Baths
4,345 Sq Ft
$1,648/Sq Ft Est. Value

Last Sold February 26, 2024

Last sale price $12,500,000 $2,877 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $49,498/month

104 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Pool and Spa
  • Contemporary Architecture
  • Palm Beach Public School Rated A-
  • New Construction
  • Lanai

About This Home

As of February 2024

Brand New Waterfront home on sought after Ibis Isle. State of the Art-Luxurious New Construction built by Courchene Development. This 4bedroom/4.1Bath home sits directly on the Intracoastal providing breathtaking waterfront vistas for miles. Recently completed, and move in ready, this spectacular home has all the bells and whistles! Equipped with a Crestron Smart Home System. Gourmet kitchen and appliances to satisfy the most discerning chef. Custom cabinetry and built-ins, and elegant book matched marble on the fireplace and in bathrooms. Soaring High Impact floor to ceiling windows & doors throughout, lushly landscaped backyard featuring a large heated lap pool with spa, spacious covered loggia for dining al fresco and so much more making this the perfect home for indoor/outdoor living.

Last Agent to Sell the Property

Chris Deitz

Compass Florida, LLC License #631706 Listed on: 10/24/2023

Compass Florida, LLC

Co-Listed By

Michael Costello

Compass Florida, LLC License #SL-3336872

Last Buyer's Agent

Valentina Kraver

Douglas Elliman License #SL-3393055

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,633

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.28 Acre Lot
  • Property fronts an intracoastal waterway
  • East Facing Home
  • Sprinkler System
  • Property is zoned R-B - Low Density Residential

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture

Interior Spaces

  • 4,345 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Fireplace
  • Sliding Windows
  • Living Room
  • Dining Area
  • Library
  • Storage
  • Tile Flooring
  • Impact Glass

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Pool and Spa
  • Outdoor Pool

Outdoor Features

  • Balcony
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Ibis Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434415010000390

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,633

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.28
  • Lot Size: 100
  • Subdivision Name: Ibis Isle
  • Directions: South Ocean Blvd to Ibis Isle to 2291
  • Architectural Style: Contemporary
  • New Construction: Yes
  • Year Built: 2023
  • Location Tax Legal:Zoned: R-B - Low Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 3633.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 4345.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 100
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • Windows:Sliding: Yes
  • General Property Description:Lot SqFt: 12197
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Windows:Impact Glass: Yes
  • Exposure:East: Yes
  • Auto Garage Door Opener: Yes
  • Waterfront:Intracoastal-Direct: Yes
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Tile
  • Interior Amenities: Elevator, Fireplace, Storage, Other (See Remarks), Pantry
  • Living Area: 4345.0
  • Window Features: Impact Glass, Impact Glass-Full, Sliding
  • Interior Features:Storage: Yes
  • Interior Features:Other (See Remarks)3: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Spa
  • Pool Private: Yes
  • Waterfront Features: Intracoastal-Direct
  • Waterfront: Yes
  • Exterior Features: Balcony, Sprinkler System
  • Patio And Porch Features: Patio/Lanai
  • Property Condition: New Construction
  • Roof: Other
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:PatioLanai: Yes
  • Pool/Spa: Yes
  • Construction:New Construction: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Door Opener
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes
  • Utilities: Sewer
  • Water Source: City Water

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 12197.0
  • Parcel #: 50434415010000390
  • Zoning: R-B - Low Density Residential

Tax Info

  • Tax Annual Amount: 3633.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2023
Closed on
Feb 26, 2024
Sold by
2291 Ibis Isle Llc
Bought by
Ibis Isle Road East Llc
Seller's Agent
Chris Deitz
Compass Florida, LLC
Buyer's Agent
Valentina Kraver
Douglas Elliman
List Price
$13,895,000
Sold Price
$12,500,000
Premium/Discount to List
-$1,395,000
-10.04%
Views
139
Current Estimated Value
$7,158,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,341,119
Avg. Annual Appreciation
-26.38%

Purchase Details

Listed on
Mar 26, 2019
Closed on
Oct 5, 2020
Sold by
Eriksen Lynne
Bought by
2291 Ibis Isle Llc
Seller's Agent
Pamela Seals
Illustrated Properties LLC (Co
Buyer's Agent
Ashley Copeland
Brown Harris Stevens of PB
List Price
$2,400,000
Sold Price
$1,450,000
Premium/Discount to List
-$950,000
-39.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.14%
Original Mortgage
$1,015,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 15, 2013
Closed on
Sep 16, 2013
Sold by
2291 Ibis Isle Road East Acquisitions En
Bought by
Erikse Lynne
Seller's Agent
Tarek Kirschen
MMLS Assoc.-Inactive Member
List Price
$1,295,000
Sold Price
$1,000,000
Premium/Discount to List
-$295,000
-22.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%

Purchase Details

Listed on
Jun 10, 2013
Closed on
May 10, 2013
Sold by
Johnson Wayne
Bought by
2291 Ibis Isle Road East Acquisition Ent
Seller's Agent
Douglas Rill
Century 21 America's Choice
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$880,000
Sold Price
$880,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.34%

Purchase Details

Listed on
Oct 10, 2012
Closed on
Dec 28, 2012
Sold by
Mayer Freidel R
Bought by
2291 Ibis Isle Road East Llc
Seller's Agent
Douglas Rill
Century 21 America's Choice/WPB
Buyer's Agent
George Gamble
Century 21 America's Choice/WPB
List Price
$850,000
Sold Price
$700,000
Premium/Discount to List
-$150,000
-17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.08%
Original Mortgage
$795,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2006
Sold by
Mayer Friedel
Bought by
Mayer Friedel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ibis Isle Road East Llc $12,500,000 None Listed On Document
2291 Ibis Isle Llc $1,450,000 Homepartners Title Svcs Llc
2291 Ibis Isle Llc $1,450,000 New Title Company Name
Erikse Lynne $1,000,000 Universal Land Title Llc
2291 Ibis Isle Road East Acquisition Ent $799,000 Attorney
2291 Ibis Isle Road East Llc $700,000 Standard Title Insurance Age
Johnson Wayne $799,000 Attorney
Mayer Friedel -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2291 Ibis Isle Llc $1,015,000
Previous Owner Johnson Wayne $795,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2024 02/26/24 Sold $12,500,000 -10.0% $2,877 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
10/24/2023 10/24/23 For Sale $13,895,000 +858.3% $3,198 / Sq Ft
10/09/2020 10/09/20 Sold $1,450,000 -39.6% $688 / Sq Ft View Prior Sale
09/09/2020 09/09/20 Pending -- -- --
03/26/2019 03/26/19 For Sale $2,400,000 +140.0% $1,139 / Sq Ft
09/16/2013 09/16/13 Sold $1,000,000 -22.8% $400 / Sq Ft View Prior Sale
08/26/2013 08/26/13 Pending -- -- --
08/15/2013 08/15/13 For Sale $1,295,000 +47.2% $519 / Sq Ft
06/20/2013 06/20/13 Sold $880,000 0.0% $418 / Sq Ft View Prior Sale
06/10/2013 06/10/13 For Sale $880,000 +25.7% $418 / Sq Ft
12/28/2012 12/28/12 Sold $700,000 -17.6% $332 / Sq Ft View Prior Sale
11/28/2012 11/28/12 Pending -- -- --
10/11/2012 10/11/12 For Sale $850,000 -- $403 / 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
2025 $142,537 $10,001,726 -- --
2024 $142,537 $8,476,011 -- --
2023 $35,467 $1,687,950 $0 $0
2022 $33,127 $1,534,500 $0 $0
2021 $24,212 $1,434,834 $1,395,000 $39,834
2020 $27,336 $1,922,027 $1,725,000 $197,027
2019 $26,222 $1,855,387 $1,725,000 $130,387
2018 $22,543 $1,620,141 $1,463,616 $156,525
2017 $18,602 $1,116,292 $1,108,800 $7,492
2016 $16,795 $932,361 $0 $0
2015 $15,355 $847,601 $0 $0
2014 $15,539 $846,713 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Deitz

    Seller's Agent in 2024

    Chris Deitz

    Compass Florida, LLC

    (561) 655-6570

    20 Total Sales

    Chris Deitz
    Section Image
  • Michael Costello

    Seller Co-Listing Agent in 2024

    Michael Costello

    Compass Florida, LLC

    (561) 803-7779

    44 Total Sales

    Michael Costello
    Section Image
  • Valentina Kraver

    Buyer's Agent in 2024

    Valentina Kraver

    Douglas Elliman

    (305) 975-5530

    25 Total Sales

    Valentina Kraver
    Section Image
  • Pamela Seals

    Seller's Agent in 2020

    Pamela Seals

    Illustrated Properties LLC (Co

    (561) 531-3939

    75 Total Sales

    Pamela Seals
    Section Image

  • A

    Buyer's Agent in 2020

    Ashley Copeland

    Brown Harris Stevens of PB

    (561) 596-5959

    71 Total Sales

    Ashley Copeland
    Section Image
  • Douglas Rill

    Seller's Agent in 2013

    Douglas Rill

    Century 21 America's Choice

    (561) 659-3630

    7 Total Sales

    Douglas Rill
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 23-1686

APN: 50-43-44-15-01-000-0390

Florida Palm Beach County Palm Beach 33480

2291 Ibis Isle Rd E, Palm Beach, FL

Not Listed for Sale

Detached

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