NOT LISTED FOR SALE

Estimated Value: $7,206,000 - $20,101,279

5 Beds
6 Baths
9,141 Sq Ft
$1,494/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $8,000,000 $875 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $88,060/month

168 Days on Market

Highlights

  • Wine Room
  • Home Theater
  • Waterfront
  • Palm Beach Public School Rated A-
  • Gas Heated Pool
  • Marble Flooring

About This Home

As of July 2014

Important Mediterranean home on a 25,000 square foot lot in the private enclave of Phipps Estates Palm Beach. No detail has been overlooked in this 5 bedroom 9 bath home built new in 2000. All the rooms open to lovely loggias and gardens overlooking the pool with beautiful coquina patios and marble fountains. There is a summer kitchen and bar in the loggia with pool bath. Important Mediterranean home on a 25,000 square foot lot in the private enclave of Phipps Estates Palm Beach. No detail has been overlooked in this 5 bedroom 9 bath home built new in 2000. Beautifully proportioned living room and dining room with seating for 20. There is a classically elegant wood paneled library fit for a general. The large paneled family/media room has a pub style bar and a wine cellar for any collector. The Kitchen and butler's pantry are professionally outfitted and have a large eat in area. All the rooms open to lovely loggias and gardens overlooking the pool with beautiful coquina patios and marble fountains. There is a summer kitchen and bar in the loggia with pool bath. The home has a full house generator a 3 car garage and a magnificent entry and motor court.

Last Agent to Sell the Property

Kim Raich

Sotheby's International Realty, Inc. License #0536911 Listed on: 12/20/2013

Sotheby's International Realty, Inc.

Last Buyer's Agent

ASHLEY COPELAND

Brown Harris Stevens of Palm Beach 0039

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $115,087

Year Built

  • Built in 2000

Lot Details

  • Waterfront
  • South Facing Home
  • Gated Home
  • Property is zoned RB

Parking

  • 3 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 9,141 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Sound System
  • Ceiling Fan
  • Fireplace
  • Wine Room
  • Dining Room
  • Home Theater
  • Library
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Double Convection Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Impact Glass

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Balcony
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Mandatory Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 50434314290000081

Home Details

Home Type

Single Family

Est. Annual Taxes

$115,087

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 25,000 square ft
  • Subdivision Name: N/A
  • Architectural Style: Mediterranean, Two Story
  • Year Built: 2000
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 115086.66
  • Location Tax Legal:Tax Year2: 2013
  • General Property Description:Living Area: 9141.0
  • 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): 25,000 square ft
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • WaterSewer:City Water: Yes
  • Exposure:South: Yes
  • Windows:Impact Glass: Yes
  • Roof:Barrel Tile: Yes
  • Security:Gate House: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Style:Mediterranean: Yes
  • Floors:StoneBrick: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Range-Gas, Oven-Double, Oven-Convection, Microwave, Washer, Dryer
  • Half Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Hardwood, Marble, Stone/Brick
  • Interior Amenities: Cable, Ceiling Fan, Elevator, Fireplace, Intercom, Sound System, Wet Bar, Wine Rm/Temp-Control, Pantry
  • Living Area: 9141.0
  • Window Features: Impact Glass, Impact Glass-Full
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:Oven-Convection: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Interior Features:Sound System: Yes
  • Other Rooms:Media Room: Yes
  • Interior Features:Intercom: Yes
  • Interior Features:Wine RmTemp-Control: Yes

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Pool Features: Pool, Fresh Water, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony, Patio/Lanai
  • Roof: Barrel
  • Exterior Features:Balcony: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes

Garage/Parking

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

Utilities

  • Security: Gate House, Security System, Other Security
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Mandatory HOA: Yes

Lot Info

  • Land Lease Amount Frequency: Yes
  • Parcel #: 50434314290000081
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 115086.66
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2016
Sold by
Collins J Barclay
Bought by
Collins Ii J Barclay
Total Days on Market
168
Current Estimated Value
$13,653,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Outstanding Balance
$3,090,288
Interest Rate
2.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$10,563,352

Purchase Details

Listed on
Dec 20, 2013
Closed on
Jul 31, 2014
Sold by
Haig Alexander P and Haig Brian
Bought by
Evans Leslie R
Seller's Agent
Kim Raich
Sotheby's International Realty, Inc.
Buyer's Agent
ASHLEY COPELAND
Brown Harris Stevens of Palm Beach 0039
List Price
$8,000,000
Sold Price
$8,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.06%

Purchase Details

Closed on
Mar 21, 2013
Sold by
Haig Alexander P
Bought by
Haig Alexander P and Alexander M Haig Jr Revocable Trust

Purchase Details

Closed on
Dec 30, 2008
Sold by
244 Via Las Brisas Llc
Bought by
Haig Alexander P and Haig Patricia

Purchase Details

Closed on
Jun 25, 2008
Sold by
Campbell Mary L
Bought by
Via Las Brisas Llc

Purchase Details

Closed on
Dec 20, 2006
Sold by
Swanrinos Llc
Bought by
Campbell Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,780,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 2005
Sold by
Cohen Stephen R
Bought by
Swanrinos Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,560,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 11, 2003
Sold by
Cohen Stephen R
Bought by
Cohen Stephen R

Purchase Details

Closed on
Oct 15, 2003
Sold by
Cohen Stephen R and Cohen Linda K
Bought by
Cohen Stephen R

Purchase Details

Closed on
May 20, 1999
Sold by
Phipps Estates Ltd Ptnrshp
Bought by
Addison Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,250,000
Interest Rate
6.87%
Mortgage Type
Balloon
Source: Public Records

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Range of Values:

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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
Collins Ii J Barclay -- None Available
Evans Leslie R -- Attorney
Evans Leslie R $8,000,000 Attorney
Haig Alexander P -- Attorney
Haig Alexander P -- Attorney
Via Las Brisas Llc -- Attorney
Campbell Mary L $9,725,000 None Available
Swanrinos Llc $8,400,000 --
Cohen Stephen R -- --
Cohen Stephen R -- --
Addison Development Corp $1,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Ii J Barclay $4,000,000
Previous Owner Campbell Lewis B $2,000,000
Previous Owner Campbell Mary L $7,780,000
Previous Owner Swanrinos Llc $7,560,000
Previous Owner Addison Development Corp $3,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2014 07/31/14 Sold $8,000,000 0.0% $875 / Sq Ft
06/06/2014 06/06/14 Pending -- -- --
12/20/2013 12/20/13 For Sale $8,000,000 -- $875 / 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 $136,992 $9,188,382 -- --
2023 $134,203 $8,920,759 $0 $0
2022 $134,455 $8,660,931 $0 $0
2021 $136,723 $8,408,671 $0 $0
2020 $137,044 $8,292,575 $4,711,662 $3,580,913
2019 $137,890 $8,171,045 $4,580,783 $3,590,262
2018 $161,182 $9,873,523 $5,823,158 $4,050,365
2017 $166,401 $9,975,447 $5,260,305 $4,715,142
2016 $155,431 $8,800,000 $0 $0
2015 $176,709 $9,854,257 $0 $0
2014 $152,254 $7,847,074 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 13-2703

APN: 50-43-43-14-29-000-0081