255 Valencia Rd West Palm Beach, FL 33401
El Cid NeighborhoodEstimated Value: $6,080,000 - $8,098,000
6
Beds
5
Baths
4,352
Sq Ft
$1,702/Sq Ft
Est. Value
Highlights
- Guest House
- Pool and Spa
- Wood Flooring
- Palm Beach Public School Rated A-
- Waterfront
- Mediterranean Architecture
About This Home
As of March 2022A very special EL Cid compound residence on attractive Valencia Road, this exceptional 1920's property has been completely renovated to the highest standards. This remarkable residence offers complete privacy with lushly landscaped & gated grounds. The main home has an elegant living room, dining room, family room, chef's kitchen with a Viking Stove, Sub-Zero refrigerator, & a wet bar. The kitchen opens to a beautiful heated pool & spa, outdoor dining area, pergola, & covered loggia. The covered loggia adjacent to the pool is the perfect place to relax & entertain.
In the main house, there are 5 bedrooms; the first-floor bedroom could be a bedroom or den/office. The primary bedroom on the second level has an adjacent sitting room & a balcony with water views. There are also 3 bedrooms & an upstairs laundry room on the second floor.
The gated entry opens to an elegant driveway leading to a two-car garage, second laundry room, which could also be an office or exercise room. Upstairs, the separate guest cottage has a living room, kitchen, bedroom, & bath. There are many upgrades to the home & property, including: Sonos system, new A/C, electrical upgrading, a new water heater, & outdoor lighting.
Last Agent to Sell the Property
The Corcoran Group License #508253 Listed on: 11/12/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $62,055
Year Built
- Built in 1925
Lot Details
- 0.29 Acre Lot
- Waterfront
- Home has North and South Exposure
- Property is zoned SF-14-C3
Parking
- 2 Car Garage
Home Design
- Mediterranean Architecture
- Barrel Roof Shape
- Frame Construction
- Tile
Interior Spaces
- 4,352 Sq Ft Home
- 2-Story Property
- Wet Bar
- Single Hung Windows
- Home Security System
Kitchen
- Gas Range
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Laundry
- Dryer
- Washer
Pool
- Pool and Spa
- Gas Heated Pool
- Outdoor Pool
Outdoor Features
- Balcony
- Patio
- Lanai
Additional Features
- Guest House
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- El Cid Subdivision
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 74434327210090500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 12, 2021
Closed on
Mar 3, 2022
Sold by
Leeds Jeffrey T and Leeds Elizabeth
Bought by
Kastanis Taki and Kastanis Jackelyn
Seller's Agent
Suzanne Frisbie
The Corcoran Group
Buyer's Agent
Cara McClure
Douglas Elliman
List Price
$6,900,000
Sold Price
$6,900,000
Total Days on Market
73
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,191
Avg. Annual Appreciation
2.21%
Original Mortgage
$4,160,000
Interest Rate
2.45%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 12, 2021
Sold by
255 Valencia Llc
Bought by
Leeds Jeffrey and Leeds Elizabeth
Purchase Details
Listed on
May 27, 2020
Closed on
Jul 10, 2020
Sold by
Heimowitz Daniel N and Heimowitz Deborah
Bought by
255 Valencia Llc
Seller's Agent
MIA MORRISON
William Raveis South Florida
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$3,335,000
Sold Price
$3,335,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.73%
Original Mortgage
$1,500,000
Interest Rate
2.65%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 31, 2014
Closed on
Dec 29, 2014
Sold by
Han Ben H and Perais Han Laetitia M
Bought by
Heimowitz Daniel N and Heimowitz Deborah
Seller's Agent
Benjamin Stein
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Mia Morrison
The Corcoran Group
List Price
$2,950,000
Sold Price
$3,050,000
Premium/Discount to List
$100,000
3.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.63%
Original Mortgage
$2,000,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jun 27, 2007
Sold by
Han Ben H and Perais Han Laetitia M
Bought by
Han Ben H and Perais Han Laettia M
Purchase Details
Closed on
Feb 28, 2007
Sold by
River Light Viii Llc
Bought by
Han Ben H and Perais Han Laetitia M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,855,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 13, 2004
Sold by
Naegele Jennifer J
Bought by
River Light Viii Llc
Purchase Details
Closed on
Dec 10, 2002
Sold by
Davis Steve J and Davis Leslie A
Bought by
Naegele Jennifer J
Purchase Details
Closed on
Aug 18, 1999
Sold by
Miller Bradford P and Miller Pamela M
Bought by
Davis Steve J and Davis Leslie A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
7.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 4, 1996
Sold by
Marshman Homer H and Marshman Cheryl A
Bought by
Miller Bradford P and Miller Pamela M
Similar Homes in West Palm Beach, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kastanis Taki | $6,900,000 | -- | |
| Leeds Jeffrey | $5,600,000 | Attorney | |
| 255 Valencia Llc | $3,335,000 | Attorney | |
| Heimowitz Daniel N | $3,050,000 | Attorney | |
| Han Ben H | -- | Attorney | |
| Han Ben H | $2,650,000 | Attorney | |
| River Light Viii Llc | $1,125,000 | -- | |
| Naegele Jennifer J | $1,850,000 | Phoenix Title Insurance Corp | |
| Davis Steve J | $775,000 | -- | |
| Miller Bradford P | $420,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kastanis Taki | $900,000 | |
| Previous Owner | Kastanis Taki | $4,160,000 | |
| Previous Owner | 255 Valencia Llc | $1,500,000 | |
| Previous Owner | Heimowitz Daniel N | $2,000,000 | |
| Previous Owner | Han Ben H | $500,000 | |
| Previous Owner | Han Ben H | $1,855,000 | |
| Previous Owner | Han Ben H | $250,000 | |
| Previous Owner | Miller Bradford P | $1,033,150 | |
| Previous Owner | Miller Bradford P | $620,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2022 03/03/22 | Sold | $6,900,000 | 0.0% | $1,585 / Sq Ft |
| 01/24/2022 01/24/22 | Pending | -- | -- | -- |
| 11/12/2021 11/12/21 | For Sale | $6,900,000 | +106.9% | $1,585 / Sq Ft |
| 07/10/2020 07/10/20 | Sold | $3,335,000 | 0.0% | $622 / Sq Ft |
| 06/12/2020 06/12/20 | Pending | -- | -- | -- |
| 05/27/2020 05/27/20 | For Sale | $3,335,000 | +9.3% | $622 / Sq Ft |
| 12/29/2014 12/29/14 | Sold | $3,050,000 | 0.0% | $701 / Sq Ft |
| 12/29/2014 12/29/14 | Sold | $3,050,000 | +3.4% | $701 / Sq Ft |
| 11/29/2014 11/29/14 | Pending | -- | -- | -- |
| 07/31/2014 07/31/14 | For Sale | $2,950,000 | -3.3% | $678 / Sq Ft |
| 07/25/2014 07/25/14 | Pending | -- | -- | -- |
| 07/02/2014 07/02/14 | For Sale | $3,050,000 | -- | $701 / Sq Ft |
Source: Palm Beach Board of REALTORS®
Tax History Compared to Growth
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 | $143,625 | $7,049,954 | -- | -- |
| 2023 | $140,433 | $6,844,616 | $2,249,000 | $4,595,616 |
| 2022 | $94,561 | $4,472,438 | $0 | $0 |
| 2021 | $62,055 | $2,840,724 | $1,015,000 | $1,825,724 |
| 2020 | $54,150 | $2,494,311 | $840,000 | $1,654,311 |
| 2019 | $54,352 | $2,480,465 | $805,000 | $1,675,465 |
| 2018 | $47,603 | $2,189,699 | $670,450 | $1,519,249 |
| 2017 | $58,474 | $2,655,249 | $583,000 | $2,072,249 |
| 2016 | $56,175 | $2,496,431 | $0 | $0 |
| 2015 | $55,042 | $2,379,851 | $0 | $0 |
| 2014 | $25,218 | $1,116,951 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Suzanne Frisbie
S
Seller's Agent in 2022
Suzanne Frisbie
The Corcoran Group
(215) 353-8636
7 in this area
113 Total Sales
-
Cara McClure
C
Buyer's Agent in 2022
Cara McClure
Douglas Elliman
(561) 324-0896
33 in this area
181 Total Sales
-
M
Seller's Agent in 2020
MIA MORRISON
William Raveis South Florida
-
Christian Angle
Buyer's Agent in 2020
Christian Angle
Christian Angle Real Estate
(561) 629-3015
14 in this area
223 Total Sales
-
B
Seller's Agent in 2014
BEN STEIN
Brown Harris Stevens of Palm Beach 5225
-
Benjamin Stein
B
Seller's Agent in 2014
Benjamin Stein
Sotheby's Intl. Realty, Inc.
(561) 955-0633
1 in this area
11 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 21-1614
APN: 74-43-43-27-21-009-0500
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