$6,350,000
SOLD JUL 2, 2024
3 Beds
2 Baths
1,984 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$3,201 Per Sq Ft

9% Below List Price

84 Days on Market

Highlights

  • Property has ocean access
  • Waterfront
  • Lanai
  • Palm Beach Public School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of July 2024

BETTER THAN EVER! Private serene and secluded. A chance to acquire a contemporary style home with a golf course setting. Modern kitchen, 2 gracious family rooms, 3 bedrooms and 2.5 baths. Adorable restoration of 3,061 square foot home at an incredible price!

Last Agent to Sell the Property

TONI HOLLIS

The Corcoran Group License #705878 Listed on: 02/12/2024

The Corcoran Group

Co-Listed By

Gloria More

The Corcoran Group License #119375

Last Buyer's Agent

Elaine Edwards

Brown Harris Stevens of Palm Beach 5225 License #3006502

Brown Harris Stevens of Palm Beach 5225

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $86,653

Year Built

  • Built in 1958

Lot Details

  • 10,019 Sq Ft Lot
  • Waterfront
  • North Facing Home
  • Sprinkler System
  • Property is zoned 0100 SINGLE FAMILY - GENERAL, 0100 SINGLE FAMILY -

Home Design

  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,984 Sq Ft Home
  • 1-Story Property
  • Single Hung Windows
  • Dining Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • No Garage

Outdoor Features

  • Property has ocean access
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Bahama Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434310020000150

Home Details

Home Type

Single Family

Est. Annual Taxes

$86,653

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Lot Size: 113
  • Subdivision Name: Bahama Addition
  • Directions: North County to Bahama Lane.
  • Architectural Style: One Story
  • Year Built: 1958
  • Location Tax Legal:Zoned: 0100 SINGLE FAMILY - GENERAL
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 86653.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 1984.0
  • General Property Description:Pool: No
  • General Property Description:Waterfront: No
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 113
  • Floors:Hardwood: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Pets:Pets Allowed: Yes
  • General Property Description:Lot SqFt: 10019
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Style:One Story: Yes
  • Windows:Single Hung: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Range-Electric, Microwave, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Hardwood, Tile
  • Living Area: 1984.0
  • Window Features: Single Hung
  • Other Rooms:Dining Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Range - Electric: Yes

Exterior Features

  • Lot Features: Up To 10,889 SF
  • Pool Features: No Pool
  • Pool Private: No
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Ocean Access-Deeded, Sprinkler System
  • Roof: Cement Tile
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: Yes

Garage/Parking

  • Parking Features: No Garage, Carport
  • Garage:No Garage: Yes
  • Garage/Carport Description: Yes

Utilities

  • Security: No Security
  • Heating: Central Air
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 10019.0
  • Parcel #: 50434310020000150
  • Zoning: 0100 SINGLE FAMILY -
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 86653.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
Jul 2, 2024
Sold by
250 Bahama Lane Trust and Broberg Peter S
Bought by
Prince Patrick Wood and Prince Meredith Wood
Seller's Agent
TONI HOLLIS
The Corcoran Group
Buyer's Agent
Elaine Edwards
Brown Harris Stevens of Palm Beach 5225
List Price
$6,950,000
Sold Price
$6,350,000
Premium/Discount to List
-$600,000
-8.63%
Total Days on Market
84
Views
94
Current Estimated Value
$6,532,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,391
Avg. Annual Appreciation
3.13%

Purchase Details

Listed on
Jun 6, 2022
Closed on
Jul 1, 2022
Sold by
320 Sunset Road Llc
Bought by
250 Bahama Lane Land Trust
Seller's Agent
Toni Hollis
The Corcoran Group
List Price
$6,975,000
Sold Price
$6,200,000
Premium/Discount to List
-$775,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.21%
Original Mortgage
$2,800,000
Interest Rate
5.1%
Mortgage Type
Balloon

Purchase Details

Listed on
Jun 6, 2022
Closed on
Jun 1, 2022
Sold by
Baker Jeffrey E L
Bought by
320 Sunset Road Llc
Seller's Agent
Toni Hollis
The Corcoran Group
List Price
$6,975,000
Sold Price
$6,200,000
Premium/Discount to List
-$775,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
5.1%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 19, 2010
Sold by
Baker Brenda
Bought by
Baker Jeffrey E L
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 Type Sale Price Title Company
Warranty Deed $6,350,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $6,200,000 Nagle Gary J
Warranty Deed $5,350,525 Coe & Broberg Llp
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,800,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2024 07/02/24 Sold $6,350,000 -8.6% $3,201 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
02/12/2024 02/12/24 For Sale $6,950,000 +12.1% $3,503 / Sq Ft
07/05/2022 07/05/22 Sold $6,200,000 -11.1% $3,125 / Sq Ft
06/08/2022 06/08/22 For Sale $6,975,000 0.0% $3,516 / Sq Ft
09/09/2014 09/09/14 Rented $5,025 +11.7% --
08/10/2014 08/10/14 Under Contract -- -- --
05/12/2014 05/12/14 For Rent $4,500 -- --
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 $88,107 $5,861,603 -- --
2023 $86,653 $5,714,169 $5,339,250 $374,919
2022 $49,686 $2,624,413 $0 $0
2021 $39,935 $2,428,489 $2,420,460 $8,029
2020 $36,917 $2,201,255 $2,196,720 $4,535
2019 $34,638 $2,042,624 $2,034,000 $8,624
2018 $34,449 $2,448,650 $2,440,800 $7,850
2017 $29,443 $1,835,628 $1,827,778 $7,850
2016 $28,163 $1,481,413 $0 $0
2015 $26,188 $1,346,739 $0 $0
2014 $23,657 $1,224,308 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 24-281

APN: 50-43-43-10-02-000-0150