NOT LISTED FOR SALE

2600 Building 2600 S Ocean Blvd Unit 502S Palm Beach, FL 33480

Estimated Value: $1,914,600

2 Beds
2 Baths
1,569 Sq Ft
$1,220/Sq Ft Est. Value

Last Sold November 14, 2018

Last sale price $850,000 $542 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $12,508/month

103 Days on Market

Highlights

  • Direct Ocean View
  • Property has ocean access
  • Tennis Courts
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Heated Pool and Spa

About This Home

As of November 2018

Panoramic Palm Beach ocean views await in this totally and exquisitely renovated unit with beautiful finishes throughout. The two bedroom, two bath home features an open floor plan with gorgeous marble flooring, unique frosted glass retractable doors connecting to both bedrooms and a dramatic dropped ceiling in the living room.
The stunning chef's kitchen features custom cabinetry, top of the line Thermador appliances, induction cook top, wine refrigerator and Caesarstone countertops. A laundry room with full size machines and a hallway storage room are added features.
All three buildings that make up the 2600 Condominium have recently undergone completed concrete restoration with the installation of new roofs, balconies, hurricane impact windows, railings and the exterior has been freshly painted. The pool deck and spa area lead out to an expansive part of the beach, giving you an exclusive slice of paradise. A well-managed building, the 2600 has close to $1 million in reserves. This unit is resort living at its finest; you won't want to miss it!

Last Agent to Sell the Property

JUDITH LYONS

THE FITE GROUP-Luxury Homes PB Listed on: 08/01/2018

Co-Listed By

KENNETH LYONS

THE FITE GROUP-Luxury Homes PB

Last Buyer's Agent

Matthias Fretz

Douglas Elliman-Jupiter License #SL-3283808

Douglas Elliman-Jupiter

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $8,547

Year Built

  • Built in 1977

Lot Details

  • Waterfront
  • Northeast Facing Home
  • Gated Home

HOA Fees

  • $1,283 Monthly HOA Fees

Interior Spaces

  • 1,569 Sq Ft Home
  • Window Treatments
  • Dining Area
  • Storage
  • Utility Room
  • Home Gym
  • Marble Flooring
  • Fire and Smoke Detector

Kitchen

  • Single Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • No Garage

Eco-Friendly Details

  • Non-Toxic Pest Control

Pool

  • Heated Pool and Spa
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Tennis Courts

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434423060025020

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water
  • 80 Units
  • 2600 Building Community
  • On-Site Maintenance
  • 5-Story Property

Amenities

  • Common Area
  • Lobby
  • Elevator

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$8,547

Year Built

Built in 1977

Lot Details

0

HOA Fees

$1,283 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: North of the Lake Worth Bridge, on east side of A1A, just south of the Par 3 Golf Course.
  • Building Name: 2600 Building
  • Garage Yn: Yes
  • Year Built: 1977
  • Location Tax Legal:Name of Building: 2600 Building
  • Location Tax Legal:Zoned: RD-1
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 8547.0
  • Location Tax Legal:Tax Year2: 2017
  • General Property Description:Living Area: 1569.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 3847.97
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 80
  • General Property Description:_pound_ Floors: 5.0
  • Waterfront-Building:Ocean - Direct: Yes
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: Yes
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Exposure of Unit:North2: Yes
  • Floors:Marble: Yes
  • Security:Gate House: Yes
  • Waterfront-Unit:Ocean - Direct2: Yes
  • Maintenance Includes:Cable TV: Yes
  • Pool:Heated Elec: Yes
  • Restrictions:No Pets Allowed: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Oven-Single, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 2
  • Flooring: Marble
  • Interior Amenities: Cable, Storage, Wndw Trmnts Included, Smoke Alarms
  • Living Area: 1569.0
  • Stories: 5
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool, Spa, Heated Elec
  • Pool Private: Yes
  • Exterior Features: Balcony, Ocean Access- Deeded, Tennis Court - Hard, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Tennis Court - Hard: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Pool/Spa: Yes

Garage/Parking

  • Parking:_two_ Car2: Yes
  • Parking:No Garage2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Gate House
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Exercise Facility
  • Association: Yes
  • Pets Allowed: No

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434423060025020
  • Zoning: RD-1

Multi Family

  • Number Of Units Total: 80
  • Maintenance Expense: 3847.97

Tax Info

  • Tax Annual Amount: 8547.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2018
Closed on
Nov 12, 2018
Sold by
Overbeck Harriet
Bought by
Ludwig Bryan
Seller's Agent
JUDITH LYONS
THE FITE GROUP-Luxury Homes PB
Buyer's Agent
Matthias Fretz
Douglas Elliman-Jupiter
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$1,914,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,064,600
Avg. Annual Appreciation
15.65%
Original Mortgage
$637,500
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 5, 2014
Closed on
Apr 2, 2015
Sold by
Parlow Carol Marion
Bought by
Overbeck Harriet
Seller's Agent
JUDITH LYONS
THE FITE GROUP
Buyer's Agent
BILL KIRK
MARTHA A. GOTTFRIED, INC. 0200
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.36%
Original Mortgage
$200,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 13, 2013
Sold by
Krongold Parlow Reva
Bought by
Parlow Carol Marion
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
Ludwig Bryan $850,000 Attorney
Overbeck Harriet $375,000 None Available
Parlow Carol Marion $135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ludwig Bryan $590,000
Closed Ludwig Bryan $637,500
Previous Owner Overbeck Harriet K $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2018 11/14/18 Sold $850,000 0.0% $542 / Sq Ft
11/12/2018 11/12/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $850,000 +126.7% $542 / Sq Ft
04/02/2015 04/02/15 Sold $375,000 0.0% $251 / Sq Ft
02/17/2015 02/17/15 Pending -- -- --
06/05/2014 06/05/14 For Sale $375,000 0.0% $251 / Sq Ft
06/17/2013 06/17/13 Rented $1,800 -40.0% --
05/18/2013 05/18/13 Under Contract -- -- --
04/01/2013 04/01/13 For Rent $3,000 -- --
Source: Palm Beach Board of REALTORS®

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 $7,809 $529,793 -- --
2023 $7,608 $514,362 $0 $0
2022 $7,598 $499,381 $0 $0
2021 $7,735 $484,836 $0 $0
2020 $7,738 $478,142 $0 $0
2019 $7,714 $467,392 $0 $0
2018 $7,834 $490,000 $0 $490,000
2017 $8,547 $490,000 $0 $0
2016 $7,579 $435,000 $0 $0
2015 $7,770 $423,500 $0 $0
2014 $7,086 $385,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 18-1467

APN: 50-43-44-23-06-002-5020