242 Everglade Ave Palm Beach, FL 33480
North End NeighborhoodEstimated Value: $7,829,000 - $8,777,439
5
Beds
5
Baths
3,660
Sq Ft
$2,224/Sq Ft
Est. Value
Highlights
- Gas Heated Pool
- Marble Flooring
- Lanai
- Palm Beach Public School Rated A-
- Mediterranean Architecture
- Fireplace
About This Home
As of March 2022Dramatic double mahogany doors open into this exquisite 3,660-sq.-ft., classic Palm Beach-style townhouse on an oversized lot, with soaring 14-ft. ceilings, five bedrooms, five-and-a-half baths and a lushly landscaped private pool. This renowned Euro Homes-built residence completed in 1998 features an elevator, marble floors, crown moldings, and custom windows on both levels. This rarely-available property on one of the most coveted streets on Palm Beach Island is down the street from The Breakers and Royal Poinciana Way, and one block from the beach. As the adjoining townhome is also for sale, there is a once-in-a-lifetime opportunity to combine the two, for the first time in history, into a magnificent 7,000-plus-sq.-ft. mansion with a four-car garage, for an unrivaled in-town residence. Those fortunate enough to pass through the arched mahogany doors will find an entry boasting a beautiful foyer with a graceful marble staircase lined with wrought-iron and wooden railings leading up to the second level, which can also be accessed by the private elevator. Upstairs there is a spacious master suite with dual bathrooms, as well as dual walk-in closets, in addition to three other bedrooms. A spacious gourmet chef's kitchen with beautifully-made custom cabinetry is adjacent to a breakfast nook/casual dining area. In addition there is a proper formal dining room and a living room featuring an opulent cast-stone fireplace. The living room has sliding doors leading out to an inviting pool area with an outdoor kitchen, which is perfectly situated due to its highly desirable southern exposure. The two-car garage has been equipped with an entire wall of custom cabinetry for additional storage. This garage was most recently used as a second home office, but can easily be utilized for two vehicles or as the perfect space for a private home gym/fitness center.
The property has had only one owner, who originally commissioned it 23 years ago and maintained it in meticulous condition, while updating systems and appliances and similar items as necessary. The elegant layout, classical elements and architectural details, spacious rooms and lofty ceiling height all speak to Palm Beach's position as America's premier resort community for affluent society, tastemakers, and the international jet set. The central air conditioning assures constant comfort. It is the perfect pied-à-terre for those interested in partaking in all that the area has to offer, from yachting to polo, championship golf, and unparalleled luxury retail and hospitality, all located within a short distance from the property. Also nearby are Bradley Park, the bicycle trail, the acclaimed Meat Market steakhouse, Temple Emanu-El, and the Palm Beach Yacht Club directly across Flagler Memorial Bridge.
The neighborhood is one of the most prestigious in Palm Beach, and certainly the most desirable for those seeking the unparalleled convenience of an in-town residence. Among the most important places that are a mere few blocks' walk from the front door are Greene's Pharmacy, a c.1938 luncheonette and gathering place for Palm Beach's most prominent residents; The Royal Ponciana Plaza, an incomparably luxury retail destination where "style, energy and spirit collide," designed for "indulgence, inspiration and retreat," where one can buy everything from a loaf of freshly-baked rye bread to an Hèrmes Birkin bag; and the famed Biltmore and Breakers hotels, icons of Palm Beach style and elegancethe latter offering membership at The Breakers Ocean Club, where you can choose to avail yourself of the pools, spa, beach club, tennis courts and 36 holes of championship golf, as well as some of the best restaurants in the Southeastern United States and the gorgeous HMF bar / lounge.
Regarding the unprecedented opportunity to combine 242 and 246 Everglade Avenue, also designed in the Mediterranean Revival style, into one truly unparalleled residence, the complementary architecture and current layout offer the ability to create a very desirable and spacious estate without having to completely redesign the entire structure. The seller has two proposed blueprints that show how this concept could be executed and its maximum potential realized. The combined residence would have nine bedrooms and ten-and-a-half bathrooms with two private elevators and a four-car garage, on over 1/4-acre of the most sought-after Palm Beach real estate. The existing driveways could be redesigned into a single circular driveway, while substantial privacy hedges could be installed along the front of the property, as well as a grand gated entry, setting it apart from neighboring residences. There are many other options which could allow you to finally design your dream home directly in the heart of Palm Beach by combining the two properties, which has never been done before in the history of the town.
Both townhomes, which are housed in a standalone structure, were constructed by Euro Homes. For over 30 years Euro Homes has been recognized as Palm Beach's premier custom home builders, and 242-246 Everglade Avenue is one of the best examples of their Old World, artisan craftsmanship and attention to detail. Euro Homes only builds estate homes in the town of Palm Beach and thus retains an exclusivity matched only by its reputation for excellence. Founder and President Zack Ciomek "takes great pride in the knowledge that every project's plan remains true to the heritage of Palm Beach architecture by delivering and creating homes of unparalleled excellence in design and construction techniques," as the company puts it.
Please contact Samantha Curry at Douglas Elliman directly for more details.
Last Agent to Sell the Property
Douglas Elliman License #3031158 Listed on: 01/25/2022
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $28,933
Year Built
- Built in 1998
Lot Details
- 6,098 Sq Ft Lot
- North Facing Home
- Back Yard Fenced
- Sprinkler System
Parking
- 2 Car Attached Garage
Home Design
- Mediterranean Architecture
- Barrel Roof Shape
- Concrete Block And Stucco Construction
Interior Spaces
- 3,660 Sq Ft Home
- 2-Story Property
- Elevator
- Central Vacuum
- Ceiling Fan
- Fireplace
- Dining Room
- Library
- Storage
- Utility Room
- Marble Flooring
Kitchen
- Eat-In Kitchen
- Electric Range
- Microwave
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
- Bidet
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- Home Security System
- Intercom
Pool
- Gas Heated Pool
- Outdoor Pool
Outdoor Features
- Patio
- Lanai
- Attached Grill
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 50434314100050111
Community Details
Overview
- Property has a Home Owners Association
Security
- Hurricane or Storm Shutters
- High Impact Windows
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 11, 2024
Sold by
Sussman Michael
Bought by
Sussman Michael and Licht Renee
Total Days on Market
7
Current Estimated Value
Purchase Details
Listed on
Jan 25, 2022
Closed on
Mar 29, 2022
Sold by
Buchman Peter M
Bought by
Sussman Michael and 242 Everglade Avenue Llc
Seller's Agent
Samantha Curry
Douglas Elliman
Buyer's Agent
Paulette Koch
The Corcoran Group
List Price
$7,500,000
Sold Price
$7,500,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.61%
Purchase Details
Listed on
Jan 25, 2022
Closed on
Mar 9, 2022
Sold by
Shirley M Buchman Revocable Trust
Bought by
Buchman Peter M
Seller's Agent
Samantha Curry
Douglas Elliman
Buyer's Agent
Paulette Koch
The Corcoran Group
List Price
$7,500,000
Sold Price
$7,500,000
Purchase Details
Closed on
Feb 25, 2015
Sold by
Buchman Shirley M and Buchman Shirley
Bought by
Buchman Shirley M and The Shirley M Buchman Revocable Trust
Purchase Details
Closed on
Mar 12, 1998
Sold by
Euro Homes I Inc
Bought by
Buchman Sylvan and Buchman Shirley
Purchase Details
Closed on
Mar 27, 1997
Sold by
Euro Homes Inc
Bought by
Euro Homes I Inc
Purchase Details
Closed on
Jun 30, 1995
Sold by
250 Everglade Inc
Bought by
Euro Homes Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
7.79%
Similar Home in Palm Beach, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sussman Michael | -- | None Listed On Document | |
| Sussman Michael | -- | None Listed On Document | |
| Sussman Michael | $7,051,800 | Mclaughlin & Stern Pllc | |
| Buchman Peter M | -- | New Title Company Name | |
| Buchman Shirley M | -- | Attorney | |
| Buchman Sylvan | $1,450,000 | -- | |
| Euro Homes I Inc | $100 | -- | |
| Euro Homes Inc | $1,200,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Euro Homes Inc | $1,300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/30/2022 03/30/22 | Sold | $7,500,000 | 0.0% | $2,049 / Sq Ft |
| 03/30/2022 03/30/22 | Sold | $7,500,000 | 0.0% | $2,049 / Sq Ft |
| 02/28/2022 02/28/22 | Pending | -- | -- | -- |
| 02/01/2022 02/01/22 | Pending | -- | -- | -- |
| 01/25/2022 01/25/22 | For Sale | $7,500,000 | -9.1% | $2,049 / Sq Ft |
| 12/03/2021 12/03/21 | For Sale | $8,250,000 | -- | $2,254 / Sq Ft |
Source: Palm Beach Board of REALTORS®
Tax History Compared to Growth
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 | $111,271 | $7,045,638 | -- | -- |
| 2023 | $96,261 | $6,405,125 | $2,696,600 | $3,708,525 |
| 2022 | $28,484 | $1,871,756 | $0 | $0 |
| 2021 | $28,933 | $1,817,239 | $0 | $0 |
| 2020 | $29,740 | $1,792,149 | $0 | $0 |
| 2019 | $29,678 | $1,751,856 | $0 | $0 |
| 2018 | $28,206 | $1,719,191 | $0 | $0 |
| 2017 | $28,207 | $1,683,831 | $0 | $0 |
| 2016 | $27,772 | $1,649,198 | $0 | $0 |
| 2015 | $28,720 | $1,637,734 | $0 | $0 |
| 2014 | $28,865 | $1,624,736 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Samantha Curry
Seller's Agent in 2022
Samantha Curry
Douglas Elliman
(561) 331-1196
5 in this area
83 Total Sales
-
Paulette Koch
P
Buyer's Agent in 2022
Paulette Koch
The Corcoran Group
(561) 227-4416
54 in this area
146 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 21-1714
APN: 50-43-43-14-10-005-0111
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