NOT LISTED FOR SALE

Estimated Value: $9,141,000

5 Beds
6 Baths
7,260 Sq Ft
$1,259/Sq Ft Est. Value

Last Sold December 22, 2020

Last sale price $10,100,000 $1,391 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $58,947/month

190 Days on Market

Highlights

  • Gas Heated Pool
  • Waterfront
  • Mediterranean Architecture
  • Palm Beach Public School Rated A-
  • Wood Flooring
  • Lanai

About This Home

As of December 2020

Elegant Mediterranean residence located in the exclusive Phipps Estate. Situated on a lush and tropical lot the house has five bedrooms, six bathrooms and three half baths with total square feet of 9,776+/-. Owner's suite includes two marble baths, two walk-in closets, a sitting area, office and a private terrace. The house has meticulous detail wood beams in the living room and French doors opening to the pool, pecky cypress ceiling in the dining room, pecky cypress library with French doors opening to a covered patio. A gourmet kitchen open to the family room and dining area with French doors out to a large loggia and covered dining loggia. Other features include a summer kitchen heated pool, elevator, fireplaces, fountains and three car garage.

Last Agent to Sell the Property

Cris Condon

Sotheby's International Realty, Inc. License #392210 Listed on: 06/09/2020

Sotheby's International Realty, Inc.

Last Buyer's Agent

MICHAEL COSTELLO

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $124,229

Year Built

  • Built in 1998

Lot Details

  • 0.48 Acre Lot
  • Waterfront
  • North Facing Home
  • Back Yard Fenced
  • Property is zoned RB

Parking

  • 3 Car Attached Garage

Home Design

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

Interior Spaces

  • 7,260 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Sound System
  • Fireplace
  • Dining Room
  • Utility Room

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Partial Impact Glass

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Balcony
  • Patio
  • Lanai
  • Attached Grill

Utilities

  • Forced Air Zoned Heating and Cooling System

Community Details

  • Phipps Estates Subdivision
  • Mandatory Home Owners Association

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434314290000050

Home Details

Home Type

Single Family

Est. Annual Taxes

$124,229

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.48
  • Lot Size: 115
  • Subdivision Name: Phipps Estates
  • Architectural Style: Mediterranean, Two Story
  • Garage Yn: Yes
  • Year Built: 1998
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 124229.41
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 7260.0
  • 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): 115
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:WW Carpeting: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • General Property Description:Lot SqFt: 20909
  • WaterSewer:City Water: Yes
  • Exposure:North: Yes
  • Windows:Impact Glass-Partial: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Style:Mediterranean: Yes
  • Floors:StoneBrick: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Ice Maker, Range-Gas, Microwave, Washer, Dryer
  • Half Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Hardwood, Stone/Brick, W/W Carpeting
  • Interior Amenities: Elevator, Fireplace, Sound System, Pantry
  • Living Area: 7260.0
  • Window Features: Impact Glass-Partial
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Fireplace: 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: Balcony, Patio/Lanai, Fence-Back Wall, Built-in Grill
  • Roof: Cement Tile
  • Exterior Features:Balcony: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Built-in Grill: Yes

Garage/Parking

  • Parking Features: 3 Car, Attached
  • Garage: Yes
  • Garage:_three_ Car: Yes

Utilities

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

Condo/Co-op/Association

  • Mandatory HOA: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 20909.0
  • Parcel #: 50434314290000050
  • Zoning: RB
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 124229.41
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2020
Closed on
Dec 22, 2020
Sold by
Allinson Margarita and Arnot Courtney Ann
Bought by
Carmilani Scott and Carmilani Esther
Seller's Agent
Cris Condon
Sotheby's International Realty, Inc.
Buyer's Agent
MICHAEL COSTELLO
The Corcoran Group
List Price
$10,100,000
Sold Price
$10,100,000
Current Estimated Value
$9,141,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$959,000
Avg. Annual Appreciation
-2.11%

Purchase Details

Closed on
Feb 15, 2018
Sold by
Allinson E Edward
Bought by
Allison A Edward and A Edward Allison Revocable Trust

Purchase Details

Listed on
Oct 13, 2011
Closed on
Jan 13, 2014
Sold by
Broberg Peter S
Bought by
Allison A Edward
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Cris Condon
Sotheby's International Realty, Inc.
List Price
$6,550,000
Sold Price
$6,550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.91%

Purchase Details

Closed on
Oct 4, 2001
Sold by
Key Bank National Assn
Bought by
Broberg Peter S and Ward John D

Purchase Details

Closed on
Mar 16, 2001
Sold by
Patrick M Park I
Bought by
Key Bank National Association

Purchase Details

Closed on
Sep 16, 1998
Sold by
Phipps Estates Ltd Ptnrshp
Bought by
Park Patrick M
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
Carmilani Scott -- Attorney
Carmilani Scott $10,100,000 Attorney
Allison A Edward -- Attorney
Allison A Edward $6,550,000 Attorney
Broberg Peter S $7,250,000 --
Key Bank National Association -- --
Park Patrick M $4,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Broberg Peter S $5,690,000
Previous Owner Broberg Peter S $550,000
Previous Owner Park Patrick M $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2020 12/22/20 Sold $10,100,000 0.0% $1,391 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $10,100,000 +54.2% $1,391 / Sq Ft
01/13/2014 01/13/14 Sold $6,550,000 0.0% $902 / Sq Ft
12/05/2013 12/05/13 Pending -- -- --
10/13/2011 10/13/11 For Sale $6,550,000 -- $902 / 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 $345,056 $23,180,191 -- --
2023 $338,138 $22,505,040 $10,967,050 $12,037,990
2022 $192,858 $10,231,337 $0 $0
2021 $151,844 $9,301,215 $5,111,272 $4,189,943
2020 $124,053 $7,504,945 $4,338,275 $3,166,670
2019 $124,720 $7,389,215 $4,217,767 $3,171,448
2018 $124,462 $7,620,350 $0 $0
2017 $124,562 $7,463,614 $0 $0
2016 $125,221 $7,310,102 $0 $0
2015 $129,512 $7,259,287 $0 $0
2014 $121,470 $6,579,464 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-943

APN: 50-43-43-14-29-000-0050