NOT LISTED FOR SALE

2649 Lake Dr Unit 1-8 Riviera Beach, FL 33404

Estimated Value: $582,000 - $2,177,000

2 Beds
14 Baths
6,640 Sq Ft
$167/Sq Ft Est. Value

Last Sold October 27, 2021

Last sale price $4,700,000 $708 Per Sq Ft

Current estimated payment $7,015/month

29 Days on Market

Highlights

  • Property has ocean access
  • Property fronts an intracoastal waterway
  • Balcony
  • William T. Dwyer High School Rated A-
  • Gated Community
  • 4-minute walk to Phil Foster Memorial Park

About This Home

As of October 2021

Welcome to an Investors waterfront haven! The Bali Condominium offers 6 two bedroom, 1.5 bath condos and one larger combined condo on the second floor with sweeping Intracoastal views featuring two bedrooms and two baths. This 7 condo complex is a boaters paradise with 8 boat slips, 5 with boat lifts and 3 in water slips. 5 storage units on property, community balcony and 8 tenant parking spots, each spot offers the capability to hold 2 cars. There is an expansive green space to make tenants comfortable and an upstairs and downstairs laundry room to accommodate everyone's needs. The Bali is fully gated for privacy. Call today for additional information. Do not miss this opportunity to own an amazing income producing waterfront oasis!

Last Agent to Sell the Property

Emmy Buckman

Illustrated Properties LLC (Co License #330094 Listed on: 09/27/2021

Illustrated Properties LLC (Co

Co-Listed By

Blair Kirwan

Brown Harris Stevens of PB License #3394433

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,889

Year Built

  • Built in 1973

Lot Details

  • Property fronts an intracoastal waterway
  • Fenced

Interior Spaces

  • 6,640 Sq Ft Home
  • 2-Story Property
  • Intracoastal Views

Flooring

  • Tile
  • Terrazzo

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Seawall
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 56434227200001020

Community Details

Overview

  • 2 Units
  • Bali Subdivision

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,889

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Take North Ocean Drive to Lake Drive. Go North to property on the left
  • Year Built: 1973
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Terrazzo, Tile
  • Living Area: 6640.0

Exterior Features

  • Exterior Features: Balcony, Fence
  • View: Intercoastal
  • Pool Features: None
  • Waterfront Features: Intracoastal Access, No Fixed Bridges, Ocean Access, Seawall
  • Waterfront: Yes
  • Construction Type: Other
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale
  • Roof: Other

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: Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 56434227200001020
  • Zoning Description: RMH 15

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 11889.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2022
Sold by
Finch Properties Llc
Bought by
Nipoti Holdings Llc
Current Estimated Value
$1,111,697

Purchase Details

Closed on
Sep 20, 2012
Sold by
Jpmorgan Chase Bank National Association
Bought by
Texas Aquatic Harvesting Inc

Purchase Details

Closed on
Aug 24, 2010
Sold by
Mizener Scott
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Mar 28, 2001
Sold by
Marie Russo I
Bought by
Mizener Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,050
Interest Rate
7.02%
Mortgage Type
New Conventional
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
Nipoti Holdings Llc -- None Listed On Document
Texas Aquatic Harvesting Inc $59,400 Fidelity Natl Title Fl Inc
Jpmorgan Chase Bank National Association -- None Available
Mizener Scott $99,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mizener Scott $94,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2021 10/27/21 Sold $4,700,000 +4.4% $708 / Sq Ft
09/27/2021 09/27/21 For Sale $4,500,000 -- $678 / Sq Ft
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 $14,224 $685,000 -- --
2023 $14,318 $685,000 $0 $685,000
2022 $10,665 $499,500 $0 $0
2021 $1,316 $56,000 $0 $56,000
2020 $1,324 $56,000 $0 $56,000
2019 $1,273 $53,000 $0 $53,000
2018 $1,244 $53,000 $0 $53,000
2017 $1,259 $53,000 $0 $0
2016 $1,283 $53,000 $0 $0
2015 $1,244 $48,400 $0 $0
2014 $1,142 $44,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Emmy Buckman

    Seller's Agent in 2021

    Emmy Buckman

    Illustrated Properties LLC (Co

    (561) 863-8740

    11 in this area

    22 Total Sales

    Emmy Buckman
    Section Image

  • B

    Seller Co-Listing Agent in 2021

    Blair Kirwan

    Brown Harris Stevens of PB

    (561) 659-6400

    1 in this area

    23 Total Sales

    Blair Kirwan
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10748218

BeachesMLS

APN: 56-43-42-27-20-000-1020

Florida Palm Beach County Riviera Beach 33404

2649 Lake Dr Unit 1-8, Riviera Beach, FL

This home is located at 2649 Lake Dr Unit 1-8, Riviera Beach, FL 33404 since 27 September 2021 and is currently estimated at $1,111,697, approximately $167 per square foot. This property was built in 1973. 2649 Lake Dr Unit 1-8 is a home located in Palm Beach County with nearby schools including Lincoln Elementary School, William T. Dwyer High School, and John F. Kennedy Middle 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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