NOT LISTED FOR SALE

240 Ocean Terrace Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $6,114,000 - $7,829,000

3 Beds
2 Baths
2,569 Sq Ft
$2,806/Sq Ft Est. Value

Last Sold November 15, 2017

Last sale price $2,875,000 $1,119 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $45,628/month

156 Days on Market

Highlights

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

About This Home

As of November 2017

One of three streets in the North End with private beach cabana available at the end of your street. This one just happens to be the only street with a brand new beach cabana! Enjoy your private cabana with the other homeowners on Ocean terrace on an absolutely beautiful wide open expansive beach front. Ocean Terrace also offers direct access to the intracoastal lake trail. This home comes with many options: use as an investment, land bank or move in now and enjoy. Tons of options on this high elevation 100' x 118' lot on the highly sought after Ocean Terrace street in the North End.

Last Agent to Sell the Property

ELIZABETH DeWOODY

The Corcoran Group Listed on: 06/05/2017

Last Buyer's Agent

ELIZABETH DeWOODY

Florida Professional Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,474

Year Built

  • Built in 1947

Lot Details

  • 0.27 Acre Lot
  • Waterfront
  • North Facing Home
  • Back Yard Fenced
  • Sprinkler System

Parking

  • 1 Car Garage

Home Design

  • Bermuda Architecture
  • Tile Roof
  • "S" Clay Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,569 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Hung Windows
  • Dining Area
  • Storage
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Community Details

  • Voluntary home owners association

Listing and Financial Details

  • Assessor Parcel Number 50434303030000180

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,474

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.27
  • Lot Size: 100
  • Directions: Ocean to Ocean Terrace - north end Palm Beach
  • Architectural Style: Bermuda, One Story
  • Year Built: 1947
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 34474.38
  • Location Tax Legal:Tax Year2: 2016
  • General Property Description:Living Area: 2569.0
  • General Property Description:Pool: No
  • General Property Description:Waterfront: No
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 100
  • Floors:Hardwood: Yes
  • Floors:WW Carpeting: Yes
  • WaterSewer:Sewer: Yes
  • Style:Bermuda: Yes
  • General Property Description:Lot SqFt: 11761
  • WaterSewer:City Water: Yes
  • Exposure:North: Yes
  • Style:One Story: Yes
  • Roof:Clay Tile: Yes
  • Windows:Double Hung: Yes
  • HOA:Voluntary: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Range-Gas, Microwave, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Hardwood, Tile, W/W Carpeting
  • Interior Amenities: Ceiling Fan, Smoke Detectors, Storage
  • Living Area: 2569.0
  • Window Features: Double Hung
  • Interior Features:Storage: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Car
  • Garage:_one_ Car: Yes

Utilities

  • Security: Other Security
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 11761.0
  • Parcel #: 50434303030000180
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 34474.38
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2017
Closed on
Nov 15, 2017
Sold by
Heyniger Sean and Heyniger Ashly
Bought by
Aj Palm Beach Llc
Seller's Agent
ELIZABETH DeWOODY
The Corcoran Group
Buyer's Agent
ELIZABETH DeWOODY
Florida Professional Real Estate
List Price
$2,875,000
Sold Price
$2,875,000
Current Estimated Value
$7,208,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,333,458
Avg. Annual Appreciation
12.75%

Purchase Details

Closed on
Oct 31, 2016
Sold by
Heyniger Sean and Heyniger Ashley J
Bought by
Heyniger Sean and Heyniger Ashley J

Purchase Details

Closed on
Jul 1, 2016
Bought by
Heyniger Sean

Purchase Details

Listed on
Feb 1, 2016
Closed on
Feb 2, 2016
Sold by
240 Ot Llc
Bought by
240 Ocean Terrace Llc
Seller's Agent
GARY POHRER
K2 Realty, Inc.
Buyer's Agent
GARY POHRER
THE CORCORAN GROUP 2435
List Price
$3,250,000
Sold Price
$3,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$4,900,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 29, 2011
Closed on
Mar 14, 2012
Sold by
Liggett Jack Lester G
Bought by
240 Ot Llc
Seller's Agent
Earl Hollis
Earl A. Hollis, Inc.
Buyer's Agent
Gary Pohrer
Serhant
List Price
$1,600,000
Sold Price
$1,218,700
Premium/Discount to List
-$381,300
-23.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.35%

Purchase Details

Closed on
Aug 23, 2011
Sold by
Liggett Jack L and Liggett Jack Lester G
Bought by
Liggett Jack Lester G
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
Aj Palm Beach Llc $2,875,000 Attorney
Heyniger Sean -- None Available
Heyniger Sean $2,600,000 --
240 Ocean Terrace Llc $3,250,000 Attorney
240 Ot Llc $1,218,700 Atlantic Title Llc
Liggett Jack Lester G -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner David Lambert 240 Ocean Terrace Llc $4,900,000
Previous Owner Liggett Jacqueline $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2017 11/15/17 Sold $2,875,000 0.0% $1,119 / Sq Ft
11/08/2017 11/08/17 Pending -- -- --
06/05/2017 06/05/17 For Sale $2,875,000 -11.5% $1,119 / Sq Ft
02/16/2016 02/16/16 Sold $3,250,000 0.0% $1,265 / Sq Ft
02/02/2016 02/02/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $3,250,000 +166.7% $1,265 / Sq Ft
03/14/2012 03/14/12 Sold $1,218,700 0.0% $474 / Sq Ft
03/14/2012 03/14/12 Sold $1,218,700 -23.8% $474 / Sq Ft
02/13/2012 02/13/12 Pending -- -- --
02/01/2012 02/01/12 Pending -- -- --
12/29/2011 12/29/11 For Sale $1,600,000 +31.3% $623 / Sq Ft
10/05/2011 10/05/11 For Sale $1,218,700 -- $474 / 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 $73,930 $3,599,387 -- --
2023 $65,576 $3,272,170 $0 $0
2022 $56,503 $2,974,700 $0 $0
2021 $45,267 $2,770,967 $2,556,825 $214,142
2020 $41,466 $2,458,430 $2,375,863 $82,567
2019 $40,357 $2,341,414 $2,159,875 $181,539
2018 $38,725 $2,319,483 $2,159,875 $159,608
2017 $37,515 $2,197,861 $2,036,071 $161,790
2016 $34,474 $1,829,904 $0 $0
2015 $32,254 $1,663,549 $0 $0
2014 $29,243 $1,512,317 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    ELIZABETH DeWOODY

    The Corcoran Group

  • G

    Seller's Agent in 2016

    GARY POHRER

    K2 Realty, Inc.

  • E

    Seller's Agent in 2012

    Earl Hollis

    Earl A. Hollis, Inc.

    (904) 655-0406

    6 Total Sales

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 17-1310

APN: 50-43-43-03-03-000-0180

Florida Palm Beach County Palm Beach 33480 North End

240 Ocean Terrace, Palm Beach, FL

This home is located at 240 Ocean Terrace, Palm Beach, FL 33480 since 05 June 2017 and is currently estimated at $7,208,458, approximately $2,805 per square foot. This property was built in 1947. 240 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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