NOT LISTED FOR SALE

2426 Medina Way West Palm Beach, FL 33401

El Cid Neighborhood

Estimated Value: $4,563,934 - $4,844,000

5 Beds
3 Baths
2,499 Sq Ft
$1,887/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $3,000,000 $1,200 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $31,718/month

About This Home

As of April 2021

Located on an expansive 14,000 sf property, this historic El Cid compound is a rare annual rental opportunity. Offering five bedrooms and three bathrooms, the home boasts a mindful floor plan flooded in natural light with a large swimming pool, one car garage, and generous green space. Extremely private, the home is situated on high elevation with water views and one house from Flagler Drive. It is an excellent rental opportunity for extended family visits with a private dual upstairs wing. Owner would consider a seasonal rental

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2021
Closed on
Apr 15, 2021
Sold by
2426 Medina Llc
Bought by
Benoit Brian Thomas and Barneson Victoria Justine
Seller's Agent
Simon Isaacs
Simon Isaacs Real Estate LLC
Buyer's Agent
Cara McClure
Douglas Elliman
List Price
$3,275,000
Sold Price
$3,000,000
Premium/Discount to List
-$275,000
-8.4%
Current Estimated Value
$4,716,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,716,311
Avg. Annual Appreciation
11.58%
Original Mortgage
$2,100,000
Outstanding Balance
$1,916,460
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$2,799,851

Purchase Details

Listed on
Jul 8, 2020
Closed on
Jul 23, 2020
Sold by
Rosen Jeffrey and Mervis Richard
Bought by
2426 Medina Llc
Seller's Agent
LISA WILKINSON
Douglas Elliman
Buyer's Agent
Simon Isaacs
Simon Isaacs Real Estate LLC
List Price
$2,550,000
Sold Price
$2,550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.94%

Purchase Details

Listed on
Mar 30, 2016
Closed on
Apr 1, 2016
Sold by
Kirkpatrick Adele Fort and Kirkpatrick Adele Fort
Bought by
Rosen Jeffrey
Seller's Agent
NORBERTO AZQUETA JR
Sotheby's International Realty, Inc.
Buyer's Agent
LISA WILKINSON
Brown Harris Stevens of Palm Beach 5225
List Price
$2,100,000
Sold Price
$2,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.61%
Original Mortgage
$1,260,000
Interest Rate
3.2%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 19, 2009
Sold by
Kirkpatrick Adele Fort
Bought by
Kirkpatrick Adele Fort and Adele Fort Kirkpatrick Revocable Living

Purchase Details

Closed on
Feb 25, 2004
Sold by
Kirkpatrick Jefferson R and Kirkpatrick Adele Fort
Bought by
Kirkpatrick Jefferson R

Purchase Details

Closed on
Feb 25, 2003
Sold by
Kirkpatrick Jefferson R and Kirkpatrick Adele Fort
Bought by
Kirkpatrick Jefferson R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Benoit Brian Thomas $3,000,000 Attorney
2426 Medina Llc $2,396,700 Trident Title
Rosen Jeffrey $2,100,000 Attorney
Kirkpatrick Adele Fort -- Attorney
Kirkpatrick Jefferson R -- --
Kirkpatrick Jefferson R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benoit Brian Thomas $2,100,000
Previous Owner Rosen Jeffrey $1,260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2024 02/28/24 Rented $20,000 0.0% --
02/27/2024 02/27/24 Under Contract -- -- --
12/27/2023 12/27/23 For Rent $20,000 -25.9% --
09/01/2022 09/01/22 Rented $27,000 -8.5% --
08/02/2022 08/02/22 Under Contract -- -- --
06/27/2022 06/27/22 For Rent $29,500 0.0% --
04/15/2021 04/15/21 Sold $3,000,000 -8.4% $1,197 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $3,275,000 +28.4% $1,306 / Sq Ft
07/23/2020 07/23/20 Sold $2,550,000 0.0% $757 / Sq Ft
07/08/2020 07/08/20 For Sale $2,550,000 0.0% $757 / Sq Ft
09/15/2018 09/15/18 Rented $12,000 0.0% --
08/16/2018 08/16/18 Under Contract -- -- --
04/04/2017 04/04/17 For Rent $12,000 0.0% --
04/01/2016 04/01/16 Sold $2,100,000 0.0% $838 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $2,100,000 -- $838 / Sq Ft

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 $80,255 $3,909,405 -- --
2023 $78,995 $3,820,344 $2,585,000 $1,235,344
2022 $54,728 $2,625,030 $0 $0
2021 $35,167 $1,604,331 $870,000 $734,331
2020 $26,576 $1,197,208 $720,000 $477,208
2019 $26,321 $1,174,496 $690,000 $484,496
2018 $24,271 $1,111,349 $645,150 $466,199
2017 $26,691 $1,207,131 $561,000 $646,131
2016 $7,936 $387,845 $0 $0
2015 $8,095 $385,149 $0 $0
2014 $8,106 $382,092 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Cara McClure

    Douglas Elliman

    (561) 324-0896

    33 in this area

    181 Total Sales

    Cara McClure
    Section Image

  • L

    Seller Co-Listing Agent in 2024

    LISA WILKINSON

    Douglas Elliman

    (561) 723-9500

    31 in this area

    195 Total Sales

    LISA WILKINSON
    Section Image
  • Simon Isaacs

    Seller's Agent in 2021

    Simon Isaacs

    Simon Isaacs Real Estate LLC

    (561) 818-3936

    15 in this area

    133 Total Sales

    Simon Isaacs
    Section Image

  • C

    Buyer's Agent in 2018

    Crista Ryan

    Tina Fanjul Associates, Inc.

    (561) 313-1327

    3 in this area

    50 Total Sales

    Crista Ryan
    Section Image

  • N

    Seller's Agent in 2016

    NORBERTO AZQUETA JR

    Sotheby's International Realty, Inc.

See All Agents

Map

Florida Palm Beach County West Palm Beach 33401 El Cid

2426 Medina Way, West Palm Beach, FL

This home is located at 2426 Medina Way, West Palm Beach, FL 33401 and is currently estimated at $4,716,311, approximately $1,887 per square foot. 2426 Medina Way is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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