$8,000,000
SOLD NOV 1, 2023
3 Beds
2.5 Baths
3,126 Sq Ft
0.27 Acres

Recently Sold

$2,559 Per Sq Ft

3% Below List Price

70 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Private Pool
  • Vaulted Ceiling
  • Palm Beach Public School Rated A-
  • Garage Apartment
  • 4-minute walk to Monceaux Park

About This Home

As of November 2023

Beautifully renovated with exquisite details, enjoy this 1920's Spanish Mission style home in El Cid. A rare find with panoramic intracoastal views, the intrigue begins behind the iron gates with the most enchanting tropical gardens, outdoor terraces, and pool area, perfect for the South Florida lifestyle. A bright, airy home, it has quality finishes along with a large primary suite, separate guest apartment above a 2 car garage, full house generator, and hurricane impact glass. This special home is a must see and buying opportunity!

Last Agent to Sell the Property

Dana Koch

The Corcoran Group License #3027862 Listed on: 07/05/2023

The Corcoran Group

Last Buyer's Agent

Vincent Kessel

Compass Florida LLC License #3507694

Compass Florida LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,087

Year Built

  • Built in 1928

Lot Details

  • 0.27 Acre Lot
  • Property fronts an intracoastal waterway
  • Property is zoned SF14(c

Parking

  • 2 Car Detached Garage
  • Garage Apartment
  • Driveway

Property Views

  • Intracoastal
  • Garden

Interior Spaces

  • 3,126 Sq Ft Home
  • 2-Story Property
  • Bar
  • Vaulted Ceiling
  • French Doors
  • Formal Dining Room
  • Den
  • Sun or Florida Room

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Gate
  • Impact Glass

Pool

  • Private Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434334010080530

Community Details

Overview

  • El Cid Park Add Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,087

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: corner of Belmont and S Flagler
  • Year Built: 1928
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Dual Sinks, Eat-in Kitchen, French Door(s)/Atrium Door(s), Vaulted Ceiling(s), Bar
  • Furnished: Unfurnished
  • Appliances: Cooktop, Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Flooring: Other, Tile, Wood
  • Living Area: 3126.0
  • Dining Room Type: Den, Florida Room, Garage Apartment, Laundry, Storage Room
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • View: Garden, Intercoastal
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Disclosures: Historical, Pet on Property
  • Construction Type: Other
  • Other Structures: Garage Apartment
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Driveway, Detached, Garage, Two or More Spaces

Utilities

  • Security: Security System, Closed Circuit Camera(s), Security Gate
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Trail(s)
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 74434334010080530
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 11753.0
  • Zoning Description: SF14(c
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 41087.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2023
Closed on
Nov 1, 2023
Sold by
Nisberg Jay N and Nisberg Sally
Bought by
Nylen 2007 Split Purchase Qprt Trust and Nylen
Seller's Agent
Dana Koch
The Corcoran Group
Buyer's Agent
Vincent Kessel
Compass Florida LLC
List Price
$8,280,000
Sold Price
$8,000,000
Premium/Discount to List
-$280,000
-3.38%
Views
263
Current Estimated Value
$7,295,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$704,793
Avg. Annual Appreciation
-5.00%

Purchase Details

Listed on
Feb 21, 2018
Closed on
Jun 6, 2018
Sold by
Fullwood Michael D and Marotta Louis J
Bought by
Nisberg Jay N
Seller's Agent
Lisa Cregan
Sotheby's International Realty, Inc.
Buyer's Agent
Dana Koch
The Corcoran Group
List Price
$3,000,000
Sold Price
$3,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.88%
Original Mortgage
$2,250,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 15, 2015
Closed on
Apr 10, 2015
Sold by
Berwind James D
Bought by
Fullwood Michael D and Revocable Trust Of Michael D Fullwood
Seller's Agent
KEVIN CLARK
Sotheby's International Realty, Inc.
Buyer's Agent
GEOFFREY DARNELL
COLDWELL BANKER
List Price
$2,750,000
Sold Price
$2,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.79%

Purchase Details

Closed on
Jun 25, 2007
Sold by
Schwarz Timothy and Schwarz Sarah
Bought by
Berwind James D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,340,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2005
Sold by
Haggin Kimberly
Bought by
Schwarz Timothy

Purchase Details

Closed on
Aug 3, 1998
Sold by
Mcdonald Robert W
Bought by
Haggin Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.94%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $8,000,000 None Listed On Document
Deed $3,000,000 Attorney
Warranty Deed $2,750,000 None Available
Warranty Deed $1,675,000 Attorney
Warranty Deed $1,450,000 Phoenix Title Insurance Corp
Warranty Deed $450,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $964,000 New Conventional
Previous Owner $2,250,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,044,000 New Conventional
Previous Owner $1,340,000 Purchase Money Mortgage
Previous Owner $400,000 Credit Line Revolving
Previous Owner $303,978 Unknown
Previous Owner $250,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2023 11/01/23 Sold $8,000,000 -3.4% $2,559 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
07/05/2023 07/05/23 For Sale $8,280,000 +176.0% $2,649 / Sq Ft
06/06/2018 06/06/18 Sold $3,000,000 0.0% $960 / Sq Ft
04/20/2018 04/20/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $3,000,000 +9.1% $960 / Sq Ft
04/10/2015 04/10/15 Sold $2,750,000 0.0% $797 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
01/15/2015 01/15/15 For Sale $2,750,000 -- $797 / 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 $122,151 $5,957,736 -- --
2023 $41,391 $2,037,253 $0 $0
2022 $41,087 $1,977,916 $0 $0
2021 $41,123 $1,920,307 $0 $0
2020 $40,957 $1,893,794 $0 $0
2019 $40,398 $1,851,216 $0 $0
2018 $39,865 $1,874,456 $0 $0
2017 $39,563 $1,835,902 $1,248,637 $587,265
2016 $43,105 $1,955,662 $0 $0
2015 $30,880 $1,331,451 $0 $0
2014 $22,815 $1,013,663 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10902000

BeachesMLS

APN: 74-43-43-34-01-008-0530