NOT LISTED FOR SALE

259 Pendleton Ave Palm Beach, FL 33480

Estimated Value: $8,103,000 - $23,066,578

8 Beds
9 Baths
8,306 Sq Ft
$1,876/Sq Ft Est. Value

Last Sold July 07, 2021

Last sale price $18,437,000 $2,220 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $108,966/month

40 Days on Market

Highlights

  • Private Pool
  • Golf Course View
  • Mediterranean Architecture
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • High Ceiling

About This Home

As of July 2021

One of only a few major compounds situated directly on any Palm Beach Island golf course, 259 Pendleton Avenue is truly a rare gem located right in the heart of midtown. With 175' along the famous Breakers Ocean Golf Course, this 8,306+/- square foot, brand new home was just completed by renowned developer and designer Todd Michael Glaser. This one-of-a-kind, 8BR/9BA masterpiece combines traditional Florida elegance with all of the bells and whistles of modern living, smart technology, and innovation. Featured amenities include a generator, elevator, spa, 37' lap pool, outdoor rain shower, 2-car garage, and detached 2BR 2BA guest house with private kitchen and laundry. Most rooms in this unique, never-lived-in property offer exquisite and expansive views of the iconic Breakers Golf Cours

Last Agent to Sell the Property

Margit Brandt

Premier Estate Properties Inc. License #3430177 Listed on: 04/27/2021

Last Buyer's Agent

Christian Angle

Christian Angle Real Estate License #703536

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $70,567

Year Built

  • Built in 2021

Lot Details

  • 0.45 Acre Lot
  • Property is zoned R-B(ci

Parking

  • 2 Car Garage

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 8,306 Sq Ft Home
  • 2-Story Property
  • Elevator
  • High Ceiling
  • Den
  • Golf Course Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Reverie Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434322010010121

Home Details

Home Type

Single Family

Est. Annual Taxes

$70,567

Year Built

Built in 2021

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Between Cocoanut and N County
  • Year Built: 2021
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Elevator, High Ceilings, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Flooring: Marble, Wood
  • Living Area: 8306.0
  • Dining Room Type: Den
  • Stories: 2

Exterior Features

  • Exterior Features: Outdoor Grill
  • View: Golf Course
  • Lot Features: < 1/4 Acre
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Two or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity 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 #: 50434322010010121
  • Lot Size: 175.0 ft x 111.0 ft
  • Lot Size Sq Ft: 19484.0
  • Zoning Description: R-B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 70567.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2021
Closed on
Jul 1, 2021
Sold by
259 Pendleton Pb Llc
Bought by
Lovino Thomas and Lovino Judith
Seller's Agent
Margit Brandt
Premier Estate Properties Inc.
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$23,900,000
Sold Price
$18,437,000
Premium/Discount to List
-$5,463,000
-22.86%
Current Estimated Value
$15,584,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,852,211
Avg. Annual Appreciation
-3.84%

Purchase Details

Listed on
Nov 25, 2020
Closed on
Apr 19, 2021
Sold by
259 Pendleton Avenue Llc
Bought by
259 Pendleton Pb Llc
Seller's Agent
Suzanne Frisbie
The Corcoran Group
Buyer's Agent
Margit Brandt
Premier Estate Properties Inc.
List Price
$17,900,000
Sold Price
$17,450,000
Premium/Discount to List
-$450,000
-2.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.95%

Purchase Details

Closed on
Jul 20, 2020
Sold by
Llewellyn Legacy Llc
Bought by
259 Pendleton Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,800,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 5, 2013
Closed on
Aug 16, 2013
Sold by
Collins Garry T
Bought by
Llewellyn Legacy Llc
Seller's Agent
ELIZABETH SAVAGE
Brown Harris Stevens of PB
Buyer's Agent
G. Peter Reed
Sotheby's Intl. Realty, Inc.
Sold Price
$102,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 5, 2013
Closed on
Aug 15, 2013
Sold by
Collins Robert
Bought by
Llewellyn Legacy Llc
Seller's Agent
ELIZABETH SAVAGE
Brown Harris Stevens of PB
Buyer's Agent
G. Peter Reed
Sotheby's Intl. Realty, Inc.
Sold Price
$102,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 5, 2013
Closed on
Aug 14, 2013
Sold by
Tilney John S
Bought by
Llewellyn Legacy Llc
Seller's Agent
ELIZABETH SAVAGE
Brown Harris Stevens of PB
Buyer's Agent
G. Peter Reed
Sotheby's Intl. Realty, Inc.
Sold Price
$102,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.48%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lovino Thomas $18,437,000 Attorney
259 Pendleton Pb Llc $17,450,000 Attorney
259 Pendleton Avenue Llc $6,250,000 Attorney
Llewellyn Legacy Llc -- Attorney
Llewellyn Legacy Llc -- Attorney
Llewellyn Legacy Llc -- Attorney
Llewellyn Legacy Llc -- Attorney
Llewellyn Legacy Llc -- Attorney
Llewellyn Legacy Llc $3,700,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 259 Pendleton Avenue Llc $14,800,000
Previous Owner Llewellyn Legacy Llc $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2021 07/07/21 Sold $18,437,000 -22.9% $2,220 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $23,900,000 +37.0% $2,877 / Sq Ft
04/21/2021 04/21/21 Sold $17,450,000 -2.5% $2,101 / Sq Ft View Prior Sale
03/22/2021 03/22/21 Pending -- -- --
11/25/2020 11/25/20 For Sale $17,900,000 0.0% $2,155 / Sq Ft
11/01/2016 11/01/16 Rented $96,000 0.0% --
10/02/2016 10/02/16 Under Contract -- -- --
05/26/2016 05/26/16 For Rent $96,000 +860.0% --
09/05/2013 09/05/13 For Rent $10,000 -90.2% --
09/05/2013 09/05/13 Rented $102,000 -- --
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 $326,764 $20,400,535 -- --
2023 $302,894 $18,545,941 $0 $0
2022 $262,564 $16,859,946 $0 $0
2021 $79,188 $4,803,222 $4,800,000 $3,222
2020 $70,567 $4,203,222 $4,200,000 $3,222
2019 $78,404 $4,570,818 $4,200,000 $370,818
2018 $74,613 $4,491,013 $4,253,260 $237,753
2017 $69,825 $4,108,281 $3,866,600 $241,681
2016 $72,745 $4,219,428 $0 $0
2015 $72,569 $4,041,238 $0 $0
2014 $70,057 $3,851,142 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Margit Brandt

    Premier Estate Properties Inc.

    (561) 659-6400

    54 Total Sales

    Margit Brandt
    Section Image

  • S

    Seller's Agent in 2021

    Suzanne Frisbie

    The Corcoran Group

    (215) 353-8636

    106 Total Sales

    Suzanne Frisbie
    Section Image
  • Christian Angle

    Buyer's Agent in 2021

    Christian Angle

    Christian Angle Real Estate

    (561) 629-3015

    202 Total Sales

    Christian Angle
    Section Image

  • E

    Seller's Agent in 2016

    ELIZABETH SAVAGE

    Brown Harris Stevens of Palm Beach 5892

  • G

    Buyer's Agent in 2013

    G. Peter Reed

    Sotheby's Intl. Realty, Inc.

See All Agents

Map

Source: BeachesMLS

MLS Number: R10711496

BeachesMLS

APN: 50-43-43-22-01-001-0121

Florida Palm Beach County Palm Beach 33480

259 Pendleton Ave, Palm Beach, FL

This home is located at 259 Pendleton Ave, Palm Beach, FL 33480 since 27 April 2021 and is currently estimated at $15,584,789, approximately $1,876 per square foot. This property was built in 2021. 259 Pendleton Ave is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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