259 Merrain Rd Palm Beach, FL 33480
North End Neighborhood
5
Beds
6.5
Baths
4,842
Sq Ft
0.38
Acres
Highlights
- Private Pool
- Marble Flooring
- 2 Car Attached Garage
- Palm Beach Public School Rated A-
- Formal Dining Room
- Walk-In Closet
About This Home
As of April 2025This absolutely stunning Old Palm Beach style custom estate designed by Tom Kirchhoff and featured in Architectural Digest is in outstanding condition on one of the most desirable north end streets with direct beach and Lake Trail street access. Meticulous and thoughtful, its many details include well scaled rooms, ultra high ceilings, downstairs primary suite with dual baths and bay window overlooking the lush gardens by Mario Nievera. Its free flowing floor plan includes an open kitchen, breakfast and family room, formal dining room, library, two amazing outdoor loggias, gracious two story foyer, beautiful millwork and pecky cypress. This is one of the most serene properties with a fabulous pool and spa to relax and enjoy everything harmonious for wonderful indoor/outdoor living.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $96,172
Year Built
- Built in 2001
Lot Details
- 0.38 Acre Lot
- Property is zoned R-B(ci
Parking
- 2 Car Attached Garage
Interior Spaces
- 4,842 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Formal Dining Room
- Marble Flooring
Kitchen
- Cooktop
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- Private Pool
Utilities
- Forced Air Zoned Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 50434303050000060
Community Details
Overview
- Mc Intosh Homesites P B I Subdivision
Recreation
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2024
Closed on
Apr 28, 2025
Sold by
Fensterstock Lee and Fensterstock Ann
Bought by
Jordan Gerald R and Jordan Darlene Luccio
Seller's Agent
Dana Koch
The Corcoran Group
Buyer's Agent
Suzanne Frisbie
The Corcoran Group
List Price
$19,500,000
Sold Price
$15,153,700
Premium/Discount to List
-$4,346,300
-22.29%
Views
177
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
-$3,639,549
Avg. Annual Appreciation
-66.67%
Original Mortgage
$10,000,000
Outstanding Balance
$9,989,319
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$1,524,832
Purchase Details
Listed on
Oct 3, 2012
Closed on
Feb 11, 2013
Sold by
Jacobs Joseph and Jacobs Michelle
Bought by
Fensterstock Lee and Fensterstock Ann
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Heather Woolems
Sotheby's International Realty, Inc.
List Price
$4,712,500
Sold Price
$4,712,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.04%
Original Mortgage
$3,063,125
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
May 15, 2009
Sold by
Woolems James M and Woolems Eleanor
Bought by
Jacobs Joseph and Jacobs Michelle
Purchase Details
Closed on
Sep 2, 1995
Sold by
Sturrock June M
Bought by
Woolems James M and Woolems Eleanor R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.76%
Similar Homes in 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 | $15,153,700 | Lighthouse Title Services | |
| Special Warranty Deed | $4,712,500 | Attorney | |
| Warranty Deed | $4,583,500 | Attorney | |
| Warranty Deed | $450,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $10,000,000 | New Conventional | |
| Previous Owner | $4,850,000 | Balloon | |
| Previous Owner | $3,083,000 | New Conventional | |
| Previous Owner | $3,063,125 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $2,400,000 | Unknown | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $1,500,000 | Credit Line Revolving | |
| Previous Owner | $300,000 | Credit Line Revolving | |
| Previous Owner | $950,000 | New Conventional | |
| Previous Owner | $300,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2025 04/29/25 | Sold | $15,153,700 | -15.3% | $3,130 / Sq Ft |
| 03/20/2025 03/20/25 | Pending | -- | -- | -- |
| 02/05/2025 02/05/25 | Price Changed | $17,900,000 | -3.2% | $3,697 / Sq Ft |
| 12/06/2024 12/06/24 | Price Changed | $18,500,000 | -5.1% | $3,821 / Sq Ft |
| 05/01/2024 05/01/24 | For Sale | $19,500,000 | +313.8% | $4,027 / Sq Ft |
| 02/15/2013 02/15/13 | Sold | $4,712,500 | 0.0% | $973 / Sq Ft |
| 01/18/2013 01/18/13 | Pending | -- | -- | -- |
| 10/03/2012 10/03/12 | For Sale | $4,712,500 | -- | $973 / Sq Ft |
Source: BeachesMLS
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 | $96,172 | $6,426,584 | -- | -- |
| 2023 | $94,176 | $6,239,402 | $0 | $0 |
| 2022 | $94,344 | $6,057,672 | $0 | $0 |
| 2021 | $95,967 | $5,881,235 | $3,639,342 | $2,241,893 |
| 2020 | $96,939 | $5,882,447 | $3,381,763 | $2,500,684 |
| 2019 | $89,809 | $5,309,357 | $3,074,330 | $2,235,027 |
| 2018 | $80,447 | $5,029,544 | $3,074,330 | $1,955,214 |
| 2017 | $73,117 | $4,320,581 | $2,603,672 | $1,716,909 |
| 2016 | $73,403 | $4,230,750 | $0 | $0 |
| 2015 | $70,063 | $3,846,136 | $0 | $0 |
| 2014 | $63,622 | $3,496,487 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Dana Koch
The Corcoran Group
(561) 379-7718
70 in this area
228 Total Sales
-
S
Buyer's Agent in 2025
Suzanne Frisbie
The Corcoran Group
(215) 353-8636
36 in this area
109 Total Sales
-
Seller's Agent in 2013
Christian Angle
Christian Angle Real Estate
(561) 629-3015
82 in this area
209 Total Sales
-
H
Buyer's Agent in 2013
Heather Woolems
Sotheby's International Realty, Inc.
(561) 301-0928
2 in this area
5 Total Sales
Map
Source: BeachesMLS
MLS Number: R10983446
APN: 50-43-43-03-05-000-0060
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