255 Valencia Rd West Palm Beach, FL 33401
El Cid Neighborhood
6
Beds
5
Baths
5,364
Sq Ft
0.29
Acres
Highlights
- Gas Heated Pool
- Garage Apartment
- Wood Flooring
- Palm Beach Public School Rated A-
- Waterfront
- Mediterranean Architecture
About This Home
As of March 2022A special and important 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 and gated grounds. The main home has an elegant living room, family room, open chef's kitchen with dining area, a wet bar and power room. The kitchen and dining area opens to a beautiful heated pool and spa, outdoor dining area, covered pergola and terrace. A covered loggia adjacent to the pool and terrace provide a perfect place to relax and entertain.
In the main house there are 5 bedrooms; one on the first floor could be a bedroom or den/office. Master bedroom on the second level has an adjacent sitting room, balcony with water views There are also 3 guest bedrooms and upstairs laundry room. 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 separate guest cottage has living room, separate kitchen, bedroom and bath. Many upgrades to the home and property including: Sonos system, new A/C, electrical upgrading, new hot water heater, and out door lighting.
Last Agent to Sell the Property
MIA MORRISON
William Raveis South Florida License #3077087 Listed on: 05/27/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $143,625
Year Built
- Built in 1925
Lot Details
- 0.29 Acre Lot
- Waterfront
- Home has sun exposure from multiple directions
- Property is zoned R-1-AA-B (Single Family Residential), R-1-AA-B (Single Family
Home Design
- Mediterranean Architecture
- Barrel Roof Shape
- Frame Construction
- Tile
Interior Spaces
- 5,364 Sq Ft Home
- 2-Story Property
- Wet Bar
- Sound System
- Fireplace
- Double Hung Windows
- Dining Area
- Storage
Kitchen
- Eat-In Kitchen
- Double Oven
- Electric Range
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Hurricane or Storm Shutters
- High Impact Windows
- Fire and Smoke Detector
Parking
- 2 Car Garage
- Garage Apartment
Pool
- Gas Heated Pool
- Outdoor Pool
Outdoor Features
- Balcony
- Patio
- Lanai
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
- El Cid Subdivision
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 7443427210090500
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
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
$877,965
Avg. Annual Appreciation
2.62%
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
17.45%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $6,900,000 | -- | |
| Warranty Deed | $5,600,000 | Attorney | |
| Warranty Deed | $3,335,000 | Attorney | |
| Warranty Deed | $3,050,000 | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $2,650,000 | Attorney | |
| Warranty Deed | $1,125,000 | -- | |
| Warranty Deed | $1,850,000 | Phoenix Title Insurance Corp | |
| Warranty Deed | $775,000 | -- | |
| Warranty Deed | $420,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $900,000 | Credit Line Revolving | |
| Previous Owner | $4,160,000 | New Conventional | |
| Previous Owner | $1,500,000 | New Conventional | |
| Previous Owner | $2,000,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $1,855,000 | Purchase Money Mortgage | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $1,033,150 | New Conventional | |
| Previous Owner | $620,000 | New Conventional |
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
-
S
Seller's Agent in 2022
Suzanne Frisbie
The Corcoran Group
(215) 353-8636
8 in this area
109 Total Sales
-
C
Buyer's Agent in 2022
Cara McClure
Douglas Elliman
(561) 655-8600
30 in this area
174 Total Sales
-
M
Seller's Agent in 2020
MIA MORRISON
William Raveis South Florida
-
Buyer's Agent in 2020
Christian Angle
Christian Angle Real Estate
(561) 629-3015
13 in this area
209 Total Sales
-
B
Seller's Agent in 2014
BEN STEIN
Brown Harris Stevens of Palm Beach 5225
-
B
Seller's Agent in 2014
Benjamin Stein
Sotheby's Intl. Realty, Inc.
(561) 955-0633
10 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 20-839
APN: 74-43-43-27-21-009-0500
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