NOT LISTED FOR SALE

Estimated Value: $8,692,000 - $9,607,000

4 Beds
4 Baths
3,617 Sq Ft
$2,534/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $5,400,000 $1,493 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $57,165/month

9 Days on Market

Highlights

  • Property has ocean access
  • Outdoor Pool
  • Contemporary Architecture
  • Palm Beach Public School Rated A-
  • Waterfront
  • Wine Refrigerator

About This Home

As of December 2020

240 Sandpiper Drive has been meticulously renovated with the finest contemporary finishes while preserving the grand scale of a classic Gottried Regency home. The open floor plan and 12' ceilings make for effortless indoor-outdoor entraining. The chef's kitchen is complete with Quartz countertops, Brazilian Quartzite Island, custom cabinetry and Miele appliances. This 4 bedroom, 4 bathroom, and 1 half bathroom residence is expertly crafted with impact windows, a 5-zone A/C system, security cameras, and Wifi allowing convenience at the tap of a button.

A wall of glass sliding doors lead to a large swimming pool, and patio. 240 Sandpiper is located on one of the most desirable streets in the North End of Palm Beach and comes with deeded beach access.

Last Agent to Sell the Property

Chris Leavitt

Douglas Elliman License #SL-3232586 Listed on: 12/02/2020

Douglas Elliman

Co-Listed By

Ashley McIntosh

Douglas Elliman License #476962

Douglas Elliman

Last Buyer's Agent

ASHLEY DEFLIN-MCINTOSH

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,583

Year Built

  • Built in 1976

Lot Details

  • 0.29 Acre Lot
  • Waterfront
  • North Facing Home
  • Property is zoned R-B - Low Density Residential, R-B - Low Density

Parking

  • 1 Car Garage

Home Design

  • Contemporary Architecture
  • Tar and Gravel Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,617 Sq Ft Home
  • Dining Room
  • Utility Room
  • Tile Flooring

Kitchen

  • Double Oven
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Outdoor Features

  • Outdoor Pool
  • Property has ocean access

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Dodge Estates Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434310240000210

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,583

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.29
  • Lot Size: 100
  • Subdivision Name: Dodge Estates
  • Architectural Style: Contemporary
  • Year Built: 1976
  • Location Tax Legal:Zoned: R-B - Low Density Residential
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 50583.41
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 3617.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • 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
  • Roof:Tar Gravel: Yes
  • WaterSewer:Sewer: Yes
  • Windows:Impact Glass - Full: Yes
  • Pets:Pets Allowed: Yes
  • General Property Description:Lot SqFt: 12632
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Oven-Double, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Tile, Other Flooring
  • Living Area: 3617.0
  • Window Features: Impact Glass-Full
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Oven-Double: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Ocean Access-Deeded, Impact Doors, Impact Windows
  • Roof: Tar/Gravel
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:Ocean Access-Deeded: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 12632.0
  • Parcel #: 50434310240000210
  • Zoning: R-B - Low Density
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 50583.41
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2020
Closed on
Dec 15, 2020
Sold by
240 Sandpiper Development Llc
Bought by
Sandpiper Llc
Seller's Agent
Chris Leavitt
Douglas Elliman
Buyer's Agent
ASHLEY DEFLIN-MCINTOSH
The Corcoran Group
List Price
$5,400,000
Sold Price
$5,400,000
Current Estimated Value
$9,163,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,763,927
Avg. Annual Appreciation
11.64%

Purchase Details

Closed on
Sep 18, 2018
Sold by
Abtahi Michael Sid and Abtahi Michael Sid
Bought by
240 Sandpiper Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,651,250
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2014
Sold by
Abtahi Michael
Bought by
Michael Abtahi Living Trust

Purchase Details

Closed on
Mar 29, 2005
Sold by
Denkner Karl
Bought by
Abtahi Michael

Purchase Details

Closed on
Jul 15, 1993
Sold by
Fuchs Cornelia and Denkner Karl
Bought by
Denkner Karl
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
Sandpiper Llc $5,400,000 Attorney
240 Sandpiper Development Llc $3,735,000 Trident Title A Division Of
Michael Abtahi Living Trust -- None Available
Abtahi Michael $1,500,000 --
Denkner Karl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 240 Sandpiper Development Llc $3,850,000
Previous Owner 240 Sandpiper Development Llc $3,651,250
Previous Owner Denkner Karl $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $5,400,000 0.0% $1,493 / Sq Ft
12/18/2020 12/18/20 Sold $5,400,000 0.0% $1,493 / Sq Ft
12/11/2020 12/11/20 Pending -- -- --
12/02/2020 12/02/20 For Sale $5,400,000 -9.6% $1,493 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $5,975,000 0.0% $1,652 / Sq Ft
09/16/2016 09/16/16 Rented $10,000 0.0% --
08/17/2016 08/17/16 Under Contract -- -- --
06/30/2016 06/30/16 For Rent $10,000 -50.0% --
10/08/2014 10/08/14 For Rent $20,000 0.0% --
10/08/2014 10/08/14 Rented $20,000 +122.2% --
04/01/2013 04/01/13 Rented $9,000 0.0% --
03/02/2013 03/02/13 Under Contract -- -- --
10/29/2012 10/29/12 For Rent $9,000 -- --
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 $91,443 $4,928,369 -- --
2023 $86,240 $4,463,517 $0 $0
2022 $75,840 $4,057,743 $0 $0
2021 $60,783 $3,688,857 $2,812,617 $876,240
2020 $53,654 $3,197,421 $2,613,551 $583,870
2019 $50,781 $2,960,296 $2,375,955 $584,341
2018 $46,692 $2,887,554 $2,375,955 $511,599
2017 $42,621 $2,504,427 $2,188,820 $315,607
2016 $42,688 $2,446,122 $0 $0
2015 $40,008 $2,223,747 $0 $0
2014 -- $1,827,762 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-440

APN: 50-43-43-10-24-000-0210