NOT LISTED FOR SALE

2540 S Ocean Blvd Highland Beach, FL 33487

Estimated Value: $4,450,000 - $6,161,000

4 Beds
3.5 Baths
4,323 Sq Ft
$1,225/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $3,000,000 $694 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $31,285/month

484 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Heated Pool
  • Marble Flooring
  • Boca Raton Community Middle School Rated A-
  • Deck
  • High Ceiling

About This Home

As of September 2020

Renovated in 2007, this Highland Beach estate overlooks the mesmerizing Intracoastal waterway, with 105+/- ft. of waterfrontage that includes fully equipped private dock featuring Neptune 20,000 pound high-speed beamless boatlift and floating Jet-dock. The eye-catching seawall is notable for its authentic coral boulders encompassing the waterfront of the property. Meticulously maintained, this unique estate provides exceptional amenities that include state-of-the-art security and sound system, hurricane impact windows with sun-control tint and metal seamed roof. The architectural designed landscape features unique specimen palms, manicured lawns of King Zoysia and Paspalum, as well as a 4-hole golf putting green including sand trap are illuminated with extensive landscape lighting.

Last Agent to Sell the Property

Joseph Liguori

Premier Estate Properties Inc License #487849 Listed on: 04/25/2019

Last Buyer's Agent

Steven Presson

The Corcoran Group License #3135349

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,658

Year Built

  • Built in 1987

Lot Details

  • 0.27 Acre Lot
  • Property fronts an intracoastal waterway
  • Sprinkler System
  • Property is zoned RS(cit

Parking

  • 2 Car Garage

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 4,323 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Bar
  • High Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Great Room
  • Formal Dining Room
  • Marble Flooring
  • Intracoastal Views
  • Home Security System

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated Pool
  • Balcony
  • Deck
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Highland Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24434628090000153

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,658

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Linton Boulevard, South on Highway A1A
  • Year Built: 1987
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Entrance Foyer, High Ceilings, Split Bedrooms, Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble
  • Living Area: 4323.0
  • Dining Room Type: Great Room
  • Stories: 2

Exterior Features

  • Exterior Features: Balcony, Deck, Patio
  • View: Intercoastal
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Frame
  • Patio And Porch Features: Balcony, Deck, Open, Patio
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Security: Security System
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 24434628090000153
  • Lot Size Sq Ft: 11663.0
  • Zoning Description: RS(cit
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 30658.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2019
Closed on
Sep 21, 2020
Sold by
Prince Brian John and Prince Rachel Gabay
Bought by
Saraj Hamed Y and Hays Lindsay
Seller's Agent
Joseph Liguori
Premier Estate Properties Inc
Buyer's Agent
Steven Presson
The Corcoran Group
List Price
$3,950,000
Sold Price
$3,000,000
Premium/Discount to List
-$950,000
-24.05%
Current Estimated Value
$5,295,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,295,691
Avg. Annual Appreciation
11.79%
Original Mortgage
$2,100,000
Outstanding Balance
$1,914,316
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,381,375

Purchase Details

Closed on
Jun 15, 2009
Sold by
Yomtob Ben E
Bought by
Prince Brian John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2007
Sold by
Parks Carol S and Carol S Parks Revocable Trust
Bought by
Yomtob Ben E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 1993
Sold by
Bassolino Theresa and Bassolino Ralph
Bought by
Parks Carol S
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
Saraj Hamed Y -- Attorney
Saraj Hamed Y $3,000,000 Attorney
Prince Brian John $2,785,000 Attorney
Yomtob Ben E $2,200,000 Attorney
Parks Carol S $1,025,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saraj Hamed Y $2,100,000
Previous Owner Prince Brian John $1,500,000
Previous Owner Yomtob Ben E $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2020 09/21/20 Sold $3,000,000 -24.1% $694 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
04/25/2019 04/25/19 For Sale $3,950,000 -- $914 / 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 $42,798 $2,728,538 -- --
2023 $41,906 $2,649,066 $0 $0
2022 $41,680 $2,571,909 $0 $0
2021 $41,829 $2,496,999 $1,840,000 $656,999
2020 $32,748 $1,924,380 $0 $0
2019 $32,878 $1,881,114 $0 $0
2018 $30,658 $1,846,039 $0 $0
2017 $30,490 $1,808,070 $0 $0
2016 $30,953 $1,770,881 $0 $0
2015 $32,278 $1,758,571 $0 $0
2014 $33,209 $1,744,614 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joseph Liguori

    Seller's Agent in 2020

    Joseph Liguori

    Premier Estate Properties Inc

    (561) 702-3477

    3 in this area

    169 Total Sales

    Joseph Liguori
    Section Image
  • Steven Presson

    Buyer's Agent in 2020

    Steven Presson

    The Corcoran Group

    (561) 757-0172

    4 in this area

    111 Total Sales

    Steven Presson
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10524814

BeachesMLS

APN: 24-43-46-28-09-000-0153

Florida Palm Beach County Highland Beach 33483

2540 S Ocean Blvd, Highland Beach, FL

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