NOT LISTED FOR SALE

234 Ocean Terrace Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $7,902,000 - $9,319,000

4 Beds
4 Baths
3,844 Sq Ft
$2,273/Sq Ft Est. Value

Last Sold July 02, 2020

Last sale price $4,970,000 $1,293 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $57,313/month

608 Days on Market

Highlights

  • Property has ocean access
  • Cabana
  • Contemporary Architecture
  • Palm Beach Public School Rated A-
  • Waterfront
  • Wood Flooring

About This Home

As of July 2020

This gorgeous 1-story home features a bright and open floorplan bathed in
natural light through the floor-to-ceiling windows that offer lush views of the
tropical landscaping and pool/spa.
Top-of-the-line finishes abound in this north end oasis. Built 2015. Deeded beach cabana.

Last Agent to Sell the Property

Dana Koch

The Corcoran Group License #3027862 Listed on: 11/01/2018

The Corcoran Group

Co-Listed By

Paulette Koch

The Corcoran Group License #3068398

Last Buyer's Agent

Dana Koch

The Corcoran Group License #3027862 Listed on: 11/01/2018

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,460

Year Built

  • Built in 2015

Lot Details

  • 0.27 Acre Lot
  • Waterfront
  • North Facing Home
  • Back Yard Fenced
  • Property is zoned R-B - Low Density Residential, R-B - Low Density

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,844 Sq Ft Home
  • 1-Story Property
  • Sound System
  • Ceiling Fan
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector

Pool

  • Cabana
  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Forced Air Zoned Heating and Cooling System

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434303030000190

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,460

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.27
  • Lot Size: 100
  • Subdivision Name: Tropic Isle
  • Architectural Style: Contemporary, One Story
  • Garage Yn: Yes
  • Year Built: 2015
  • Location Tax Legal:Zoned: R-B - Low Density Residential
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 45460.0
  • Location Tax Legal:Tax Year2: 2018
  • General Property Description:Living Area: 3844.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 100
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:WW Carpeting: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 11761
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Style:One Story: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Range-Gas, Microwave, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood, W/W Carpeting
  • Interior Amenities: Ceiling Fan, Sound System, Smoke Detectors
  • Living Area: 3844.0
  • Window Features: Impact Glass-Full
  • Other Rooms:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Range-Gas: Yes
  • Interior Features:Sound System: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Cabana, Fence-Back Wall, Ocean Access-Deeded
  • Roof: Cement Tile
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Cabana: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached
  • Garage: Yes
  • Garage:_two_ Car: Yes

Utilities

  • Security: Security System
  • Heating: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 11761.0
  • Parcel #: 50434303030000190
  • Zoning: R-B - Low Density
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 45460.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2018
Closed on
Jul 1, 2020
Sold by
Polites Catherine and Ferro Kevin
Bought by
Pisa Christina Murphy and Pisa Christina Murphy
Seller's Agent
Dana Koch
The Corcoran Group
Buyer's Agent
Dana Koch
The Corcoran Group
List Price
$4,970,000
Sold Price
$4,970,000
Current Estimated Value
$9,183,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,213,264
Avg. Annual Appreciation
12.77%

Purchase Details

Listed on
Oct 24, 2016
Closed on
Dec 15, 2016
Sold by
Lambert David
Bought by
Polites Catherine and Ferro Kevin
Seller's Agent
JAMES McCANN
The Corcoran Group
Buyer's Agent
James Edwards
Sotheby's International Realty, Inc.
List Price
$4,741,250
Sold Price
$4,741,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.34%

Purchase Details

Closed on
Dec 20, 2013
Sold by
Calesa Edward F and Calesa Sandra
Bought by
Lambert David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 16, 2012
Closed on
Apr 8, 2013
Sold by
Lido Llc
Bought by
Calesa Edward F and Calesa Sandra
Seller's Agent
Paulette Koch
The Corcoran Group
Buyer's Agent
GARY POHRER
THE CORCORAN GROUP 2435
List Price
$1,625,000
Sold Price
$1,625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.05%
Original Mortgage
$1,218,750
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2003
Sold by
Guidi Claudio A
Bought by
Lido Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
6.03%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 6, 2000
Sold by
Norwood Irene M
Bought by
Guidi Claudio A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.97%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Pisa Christina Murphy $4,970,000 Attorney
Polites Catherine $4,741,750 Attorney
Lambert David $2,100,000 Attorney
Calesa Edward F $1,625,000 Attorney
Lido Llc $1,650,000 Premier Title Company Ltd
Guidi Claudio A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lambert David $1,680,000
Previous Owner Calesa Edward F $1,218,750
Previous Owner Calesa Edward F $1,218,750
Previous Owner Lido Llc $1,320,000
Previous Owner Guidi Claudio A $200,000
Previous Owner Guidi Claudio A $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2020 07/02/20 Sold $4,970,000 +3686.7% $1,293 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
12/26/2019 12/26/19 Rented $131,250 0.0% --
11/26/2019 11/26/19 Under Contract -- -- --
01/04/2019 01/04/19 For Rent $131,250 0.0% --
11/01/2018 11/01/18 For Sale $4,970,000 +4.8% $1,293 / Sq Ft
12/15/2016 12/15/16 Sold $4,741,250 0.0% $1,233 / Sq Ft
12/13/2016 12/13/16 Pending -- -- --
10/24/2016 10/24/16 For Sale $4,741,250 +191.8% $1,233 / Sq Ft
04/08/2013 04/08/13 Sold $1,625,000 0.0% $786 / Sq Ft
02/21/2013 02/21/13 Pending -- -- --
11/16/2012 11/16/12 For Sale $1,625,000 -- $786 / 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 $84,407 $4,661,460 -- --
2023 $80,992 $4,237,691 $0 $0
2022 $71,273 $3,852,446 $0 $0
2021 $57,002 $3,502,224 $2,548,941 $953,283
2020 $55,620 $3,361,672 $2,368,537 $993,135
2019 $55,756 $3,299,692 $2,153,215 $1,146,477
2018 $45,428 $2,816,680 $0 $0
2017 $45,460 $2,758,746 $2,100,295 $658,451
2016 $47,770 $2,767,451 $0 $0
2015 $31,216 $1,772,461 $0 $0
2014 $31,365 $1,758,394 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dana Koch

    Seller's Agent in 2020

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    69 in this area

    229 Total Sales

    Section Image

  • P

    Seller Co-Listing Agent in 2020

    Paulette Koch

    The Corcoran Group

    (561) 227-4416

    53 in this area

    144 Total Sales

    Section Image

  • J

    Seller's Agent in 2016

    JAMES McCANN

    The Corcoran Group

  • J

    Buyer's Agent in 2016

    James Edwards

    Sotheby's International Realty, Inc.

    (561) 370-4141

    1 in this area

    22 Total Sales

    Section Image

  • G

    Buyer's Agent in 2013

    GARY POHRER

    THE CORCORAN GROUP 2435

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 18-2104

APN: 50-43-43-03-03-000-0190

Florida Palm Beach County Palm Beach 33480 North End

234 Ocean Terrace, Palm Beach, FL

This home is located at 234 Ocean Terrace, Palm Beach, FL 33480 since 01 November 2018 and is currently estimated at $8,737,295, approximately $2,272 per square foot. This property was built in 2015. 234 Ocean Terrace is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

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