NOT LISTED FOR SALE

250 Palmo Way Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $8,439,000 - $23,944,064

8 Beds
9 Baths
8,940 Sq Ft
$1,811/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $17,000,000 $1,902 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $112,237/month

Highlights

  • Property has ocean access
  • Gas Heated Pool
  • Waterfront
  • Palm Beach Public School Rated A-
  • Garage Apartment
  • 0.64 Acre Lot

About This Home

As of June 2021

Built to the highest standards, this north-end home is situated on a rare oversized lot measuring 0.64 +/- acres. The property offers a main residence featuring 7 bedrooms, 8 full baths and 2 half baths, a 1 brd/2 bath guest house, and a 3-car garage, offering total combined square footage of 11,000 +/- sq. ft.
With custom details throughout, spacious light-filled rooms, new chef's island kitchen, south-facing master bedroom with private terrace overlooking the pool area and beautiful tropical gardens designed by Nievera Williams Design the main residence offers gracious and serene living.
The expansive grounds include a large swimming pool, out-door fireplace, herb-garden, and open loggia all of which provide the perfect setting for entertaining, and privacy. Beach & Lake Trail Acces

Last Agent to Sell the Property

Patricia Mahaney

Sotheby's International Realty, Inc. License #656899 Listed on: 03/24/2021

Sotheby's International Realty, Inc.

Last Buyer's Agent

MARLEY GOODMAN

ILLUSTRATED PROPERTIES LLC WPB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $145,092

Year Built

  • Built in 2017

Lot Details

  • 0.64 Acre Lot
  • Waterfront
  • Home has North and South Exposure
  • Back and Front Yard Fenced
  • Sprinkler System
  • Property is zoned R-B - Low Density Residential, R-B - Low Density

Home Design

  • Contemporary Architecture
  • Wood Shingle Roof
  • Wood Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,940 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Fireplace
  • Dining Room
  • Library
  • Storage

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Parking

  • 3 Car Detached Garage
  • Garage Apartment

Pool

  • Gas Heated Pool
  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Property has ocean access
  • Balcony

Utilities

  • Zoned Heating and Cooling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434303040000070

Home Details

Home Type

Single Family

Est. Annual Taxes

$145,092

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.64
  • Lot Size: 100
  • Subdivision Name: Tropic Isle
  • Architectural Style: Contemporary, Two Story
  • Garage Yn: Yes
  • Year Built: 2017
  • Location Tax Legal:Zoned: R-B - Low Density Residential
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 145092.19
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 8940.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 100
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 27878
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Windows:Impact Glass: Yes
  • ACHeat:Multi Zone Air: Yes
  • Pool:Salt Water: Yes
  • Roof:Wood Shingle: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Gas, Oven-Double, Washer, Dryer
  • Half Bathrooms: 3
  • Total Bedrooms: 8
  • Flooring: Hardwood, Marble, Other Flooring
  • Interior Amenities: Cable, Elevator, Fireplace, Smoke Detectors, Storage, Wet Bar, Pantry
  • Living Area: 8940.0
  • Window Features: Impact Glass, Impact Glass-Full
  • Interior Features:Storage: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Pool Features: Pool, Salt Water, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony, Fence-Back Wall, Fence-Front Wall, Ocean Access-No Deed, Sprinkler System, Impact Doors, Impact Windows
  • Roof: Wood
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Fence-Front Wall: Yes
  • Exterior Features:Ocean Access-No Deed: Yes

Garage/Parking

  • Parking Features: 3 Car, Detached, Air Conditioned
  • Garage:_three_ Car: Yes
  • Garage Detached: Yes
  • Other Rooms:Garage Apartment: Yes
  • Garage:Air Conditioned: Yes

Utilities

  • Security: Security System, Other Security
  • Heating: Central Air, Central Heat, Multi Zone Air
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 27878.0
  • Parcel #: 50434303040000070
  • Zoning: R-B - Low Density
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 145092.19
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2024
Sold by
Bellobella Family Trust and Venice Family Trust
Bought by
Robert Steven Crespi Revocable Trust and Crespi
Total Days on Market
0
Current Estimated Value
$16,191,532

Purchase Details

Listed on
Mar 24, 2021
Closed on
Jun 3, 2021
Sold by
Duriez Margaret and Duriez Franck
Bought by
Hanegan James D and The Bellobella Family Trust
Seller's Agent
Patricia Mahaney
Sotheby's International Realty, Inc.
Buyer's Agent
MARLEY GOODMAN
ILLUSTRATED PROPERTIES LLC WPB
List Price
$17,000,000
Sold Price
$17,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.71%

Purchase Details

Closed on
Mar 19, 2015
Sold by
Neff Richard B
Bought by
Duriez Margaret

Purchase Details

Closed on
Feb 18, 2005
Sold by
Neff Richard B and Neff Joan Russell
Bought by
Neff Richard B
Source: Public Records

Range of Values:

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Average Value
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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
Robert Steven Crespi Revocable Trust $25,000,000 None Listed On Document
Hanegan James D $17,000,000 Attorney
Duriez Margaret $4,700,000 None Available
Neff Richard B -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2021 06/08/21 Sold $17,000,000 0.0% $1,902 / Sq Ft
06/08/2021 06/08/21 Sold $17,000,000 0.0% $1,902 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
03/24/2021 03/24/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $17,000,000 +0.3% $1,902 / Sq Ft
06/11/2020 06/11/20 For Sale $16,950,000 -- $1,896 / 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 $256,169 $17,122,612 -- --
2023 $250,942 $16,623,895 $0 $0
2022 $251,430 $16,139,704 $0 $0
2021 $145,600 $8,882,892 $0 $0
2020 $145,922 $8,760,249 $0 $0
2019 $145,662 $8,563,293 $0 $0
2018 $135,294 $8,403,624 $4,657,338 $3,746,286
2017 $66,384 $3,882,653 $3,882,653 $0
2016 $66,782 $3,882,653 $0 $0
2015 $13,045 $758,669 $0 $0
2014 $13,106 $752,648 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Patricia Mahaney

    Sotheby's International Realty, Inc.

    (561) 352-1066

    13 in this area

    56 Total Sales

    Patricia Mahaney
    Section Image

  • M

    Buyer's Agent in 2021

    MARLEY GOODMAN

    ILLUSTRATED PROPERTIES LLC WPB

  • M

    Buyer's Agent in 2021

    MARLEY OVERMAN

    Illustrated Properties LLC 6730

    (561) 793-2300

    6 in this area

    9 Total Sales

    MARLEY OVERMAN
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-970

APN: 50-43-43-03-04-000-0070

Florida Palm Beach County Palm Beach 33480 North End

250 Palmo Way, Palm Beach, FL

This home is located at 250 Palmo Way, Palm Beach, FL 33480 since 24 March 2021 and is currently estimated at $16,191,532, approximately $1,811 per square foot. This property was built in 2017. 250 Palmo Way is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

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