NOT LISTED FOR SALE

250 NE 5th Ave Boca Raton, FL 33432

Estimated Value: $5,197,000 - $25,948,281

7 Beds
10 Baths
10,538 Sq Ft
$1,478/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $22,000,000 $2,088 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $113,075/month

168 Days on Market

Highlights

  • 225 Feet of Waterfront
  • Boat Ramp
  • Private Pool
  • Boca Raton Community Middle School Rated A-
  • Intracoastal View
  • 3-minute walk to Wildflower Park

About This Home

As of November 2021

Magnificent, private, gated compound in East Boca Raton. This estate home sits on 1.7 acres of land and features 225ft of dockage in a no wake zone. Special features include fortress-like construction, 2 bedroom guesthouse, covered boat slip for a boat up to 30ft, porte-cochere, summer kitchen, gazebo, large resort style pool with sun shelf, office, media room, clubroom, large open kitchen with wolf and subzero appliances, large covered loggias for entertaining, elevator, generator, wine room, expansive private master suite and so much more.

Last Agent to Sell the Property

Jonathan Postma

Coldwell Banker/BR License #3199367 Listed on: 05/04/2021

Coldwell Banker/BR

Last Buyer's Agent

Nancy Gefen

Signature Int'l Premier Properties License #694753

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $255,194

Year Built

  • Built in 2008

Lot Details

  • 1.62 Acre Lot
  • 225 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • Property is zoned R1B(ci

Parking

  • 4 Car Attached Garage

Home Design

  • Aluminum Roof

Interior Spaces

  • 10,538 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Bar
  • High Ceiling
  • Fireplace
  • Great Room
  • Family Room
  • Formal Dining Room
  • Den
  • Recreation Room
  • Loft
  • Intracoastal Views
  • Dryer

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete
  • Marble

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet

Home Security

  • Home Security System
  • Security Gate
  • Fire and Smoke Detector

Outdoor Features

  • Private Pool
  • Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 06434720250010080

Community Details

Overview

  • Kinney P D & H D Gates Subdivision

Recreation

  • Boat Ramp
  • Boating

Home Details

Home Type

Single Family

Est. Annual Taxes

$255,194

Year Built

Built in 2008

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Palmetto Park Rd East to NE 5th Ave. North to property
  • Year Built: 2008
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Area, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen, Elevator, Fireplace, High Ceilings, Living/Dining Room, Bar, Walk-In Closet(s), Loft
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Fireplace: Yes
  • Flooring: Concrete, Marble, Wood
  • Living Area: 10538.0
  • Dining Room Type: Den, Family Room, Great Room, Loft, Recreation
  • Stories: 2

Exterior Features

  • Exterior Features: Patio
  • View: Intercoastal
  • Road Frontage Type: Waterfront
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Aluminum

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces

Utilities

  • Security: Security System, Security Gate, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Sewer Available

Condo/Co-op/Association

  • Community Features: Boat Facilities, Non-Gated
  • Senior Community: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 06434720250010080
  • Lot Size Sq Ft: 70354.0
  • Zoning Description: R1B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 255194.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2021
Closed on
Nov 19, 2021
Sold by
Flancbaum Morris and Rizzuto Susan
Bought by
Gefen Gregory S and The 250 Ne 5Th Ave Land Trust
Seller's Agent
Jonathan Postma
Coldwell Banker/BR
Buyer's Agent
Nancy Gefen
Signature Int'l Premier Properties
List Price
$26,500,000
Sold Price
$22,000,000
Premium/Discount to List
-$4,500,000
-16.98%
Current Estimated Value
$15,572,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,427,359
Avg. Annual Appreciation
-8.40%

Purchase Details

Listed on
Nov 1, 2018
Closed on
Jan 3, 2019
Sold by
Perez Joseph H
Bought by
Flancbaum Morris
Seller's Agent
Jonathan Postma
Coldwell Banker/BR
Buyer's Agent
Jonathan Postma
Coldwell Banker/BR
List Price
$16,500,000
Sold Price
$16,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%

Purchase Details

Listed on
Oct 4, 2011
Closed on
Jun 7, 2012
Sold by
Fifth Third Bank
Bought by
Perez Joseph H
Seller's Agent
Joseph Liguori
Premier Estate Properties Inc
Buyer's Agent
Gerard Liguori
Premier Estate Properties Inc
List Price
$13,900,000
Sold Price
$9,750,000
Premium/Discount to List
-$4,150,000
-29.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%
Original Mortgage
$5,000,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 6, 2010
Sold by
Talbott Gregory K and Talbott Mimi
Bought by
Fifth Third Bank

Purchase Details

Closed on
Feb 28, 2006
Sold by
County Of Palm Beach
Bought by
Talbott Gregory K

Purchase Details

Closed on
Dec 24, 2003
Sold by
2500 Associates Ltd
Bought by
Talbott Gregory K

Purchase Details

Closed on
Aug 24, 1999
Sold by
Donna Rodney K and Donna Longman
Bought by
2500 Associates Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
7.65%
Mortgage Type
Balloon
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
Gefen Gregory S $22,000,000 Attorneys Key Title Llc
Flancbaum Morris $16,500,000 Attorney
Perez Joseph H $9,750,000 Attorney
Fifth Third Bank -- None Available
Fifth Third Bank $1,500,100 None Available
Talbott Gregory K -- Attorney
Talbott Gregory K $4,000,000 --
2500 Associates Ltd $2,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Joseph H $5,000,000
Previous Owner 2500 Associates Ltd $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2021 11/19/21 Sold $22,000,000 -17.0% $2,088 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $26,500,000 +60.6% $2,515 / Sq Ft
01/03/2019 01/03/19 Sold $16,500,000 0.0% $1,566 / Sq Ft View Prior Sale
12/04/2018 12/04/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $16,500,000 +69.2% $1,566 / Sq Ft
06/11/2012 06/11/12 Sold $9,750,000 -29.9% $925 / Sq Ft View Prior Sale
05/12/2012 05/12/12 Pending -- -- --
10/04/2011 10/04/11 For Sale $13,900,000 -- $1,319 / Sq Ft
Source: BeachesMLS

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 $376,848 $22,046,123 -- --
2023 $344,261 $20,041,930 $14,818,500 $5,223,430
2022 $332,289 $18,903,417 $0 $0
2021 $258,758 $14,352,662 $0 $0
2020 $255,194 $14,154,499 $10,080,000 $4,074,499
2019 $163,466 $8,819,402 $0 $0
2018 $153,259 $8,654,958 $0 $0
2017 $152,544 $8,476,942 $0 $0
2016 $153,315 $8,302,588 $0 $0
2015 $157,658 $8,244,874 $0 $0
2014 $158,326 $8,179,438 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Postma

    Seller's Agent in 2021

    Jonathan Postma

    Coldwell Banker/BR

    (561) 843-7828

    104 Total Sales

    Jonathan Postma
    Section Image

  • N

    Buyer's Agent in 2021

    Nancy Gefen

    Signature Int'l Premier Properties

    (561) 271-9085

    74 Total Sales

    Nancy Gefen
    Section Image
  • Kathy Green

    Buyer Co-Listing Agent in 2021

    Kathy Green

    Signature Int'l Premier Properties

    (561) 212-9447

    74 Total Sales

    Kathy Green
    Section Image
  • Joseph Liguori

    Seller's Agent in 2012

    Joseph Liguori

    Premier Estate Properties Inc

    (561) 702-3477

    171 Total Sales

    Joseph Liguori
    Section Image

  • G

    Buyer's Agent in 2012

    Gerard Liguori

    Premier Estate Properties Inc

    (561) 394-7700

    21 Total Sales

    Gerard Liguori
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10713336

BeachesMLS

APN: 06-43-47-20-25-001-0080

Florida Palm Beach County Boca Raton 33432

250 NE 5th Ave, Boca Raton, FL

This home is located at 250 NE 5th Ave, Boca Raton, FL 33432 since 04 May 2021 and is currently estimated at $15,572,641, approximately $1,477 per square foot. This property was built in 2008. 250 NE 5th Ave is a home located in Palm Beach County with nearby schools including Boca Raton Elementary School, Boca Raton Community Middle School, and Boca Raton 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.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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