NOT LISTED FOR SALE

Villa Magna Condominiums 2727 S Ocean Blvd Unit 1503 Highland Beach, FL 33487

Estimated Value: $2,398,000 - $4,174,000

3 Beds
4.5 Baths
3,077 Sq Ft
3.84 Acres

Last Sold October 09, 2013

Last sale price $1,912,500 $622 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $19,557/month

Highlights

  • Doorman
  • Ocean Front
  • Community Cabanas
  • Boca Raton Community Middle School Rated A-
  • Boat Ramp
  • Fitness Center

About This Home

As of February 2014

RARE OPPORTUNITY TO RENT A DIRECT OCEAN AND INTRACOASTAL SPECTACULAR PENTHOUSE WITH BREATHTAKING SOUTH, EAST, AND WEST VIEWS AND TERRACES FROM EVERY ROOM. INCLUDES A POOLSIDE FULLY FURNISHED CABANA AND BOAT SLIP. Located in Highland Beach between vibrant Delray and Boca Raton this 3,077 square foot gem features 3 bedrooms, 4 1/2 bathrooms, gourmet kitchen, master suite complete with his/her bath and 2 car garage spaces. Entertaining becomes fun with its 2,000 plus square foot roof terrace complete with full summer kitchen, bar and bathroom. The Villa Magna features a private beach, beautiful pool and spa, fitness center and club room. You will love and enjoy all this exciting area has to offer. A must see for the most discerning client.

Last Agent to Rent the Property

Candace Friis

The Corcoran Group License #582187 Listed on: 10/22/2013

The Corcoran Group

Last Renter's Agent

Jody Bandremer

Granath Realty Group, Inc License #433210

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,860

Year Built

  • 1982

Lot Details

  • Sprinkler System

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Property Views

Interior Spaces

  • 3,077 Sq Ft Home
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Bar
  • Entrance Foyer
  • Sauna
  • Closed Circuit Camera

Kitchen

  • Built-In Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Stacked Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Roman Tub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Property has ocean access
  • Canal Access
  • Seawall
  • Deck
  • Open Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Reverse Cycle Heating System
  • Electric Water Heater
  • Water Purifier
  • Municipal Trash

Listing and Financial Details

  • Property Available on 12/1/13
  • Assessor Parcel Number 24434628510001503

Community Details

Overview

  • 89 Units
  • Villa Magna Condo Subdivision

Amenities

  • Doorman
  • Community Library

Recreation

  • Boat Ramp
  • Boating
  • Community Cabanas
  • Community Spa

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$21,860

Year Built

1982

Lot Details

0

Parking

2

Rental Info

  • Tenant Pays: Exterior Electric
  • Available Date: 2013-12-01

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Linton east to A1A/S Ocean Blvd, south to building on east side
  • Carport Y N: No
  • Entry Level: 15
  • Special Features: None
  • Year Built: 1982

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Closet Cabinetry, Entrance Foyer, Elevator, Garden Tub/Roman Tub, Separate Shower, Stacked Bedrooms, Bar, Walk-In Closet(s), Central Vacuum
  • Spa Features: Community
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Trash Compactor, Water Purifier, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Marble
  • Living Area: 3077.0
  • Dining Room Type: Laundry, Sauna

Exterior Features

  • Exterior Features: Balcony, Deck, Outdoor Grill, Patio
  • View: Canal, Ocean, Pool
  • Lot Features: Sprinklers Automatic
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Boat Ramp/Lift Access, Canal Access, Dock Access, Intracoastal Access, Ocean Access, Ocean Front, Seawall
  • Waterfront: Yes
  • Patio And Porch Features: Balcony, Deck, Open, Patio

Garage/Parking

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

Utilities

  • Laundry Features: Laundry Tub
  • Security: Closed Circuit Camera(s), Door Man, Key Card Entry, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air, Electric, Reverse Cycle
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Boat Facilities, Property Manager On-Site, Pool
  • Senior Community: No
  • Amenities: Cabana, Fitness Center, Library, Management, Pool, Spa/Hot Tub, Trash
  • Pets Allowed: No

Lot Info

  • Parcel #: 24434628510001503

Multi Family

  • Number Of Units In Community: 89

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2013
Closed on
Sep 11, 2013
Sold by
Story Prescott M and Thornhill Kathleen A
Bought by
Munn Gail E
Seller's Agent
Scot Karp
Premier Estate Properties Inc
Buyer's Agent
Candace Friis
The Corcoran Group
List Price
$2,250,000
Sold Price
$1,912,500
Premium/Discount to List
-$337,500
-15%
Current Estimated Value
$3,211,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,298,625
Avg. Annual Appreciation
4.18%
Original Mortgage
$600,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 14, 2002
Sold by
Kottler Mark
Bought by
Story Prescott M and Thornhill Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
7.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 10, 1997
Sold by
Arnesano Joseph and Arnesano Louise E
Bought by
Kottler Mark
Source: Public Records

Range of Values:

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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
Munn Gail E $1,812,500 Attorney
Story Prescott M $1,825,000 --
Kottler Mark $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Munn Gail E $525,001
Closed Munn Gail E $600,000
Previous Owner Story Prescott M $825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2014 02/01/14 Rented $10,000 -33.3% --
01/02/2014 01/02/14 Under Contract -- -- --
10/22/2013 10/22/13 For Rent $15,000 0.0% --
10/09/2013 10/09/13 Sold $1,912,500 -15.0% $622 / Sq Ft
09/09/2013 09/09/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $2,250,000 -- $731 / 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 $21,860 $1,412,733 -- --
2023 $21,395 $1,371,585 $0 $0
2022 $21,268 $1,331,636 $0 $0
2021 $21,335 $1,292,850 $0 $0
2020 $21,445 $1,275,000 $0 $1,275,000
2019 $28,348 $1,630,400 $0 $0
2018 $26,428 $1,600,000 $0 $1,600,000
2017 $27,277 $1,625,000 $0 $0
2016 $27,841 $1,600,000 $0 $0
2015 $29,055 $1,550,000 $0 $0
2014 $30,141 $1,550,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Landlord's Agent in 2014

    Candace Friis

    The Corcoran Group

    (561) 573-9966

    4 in this area

    151 Total Sales

    Section Image

  • J

    Tenant's Agent in 2014

    Jody Bandremer

    Granath Realty Group, Inc

    (954) 270-8770

    1 Total Sale

    Section Image

  • S

    Seller's Agent in 2013

    Scot Karp

    Premier Estate Properties Inc

    (561) 394-7700

    14 in this area

    148 Total Sales

    Section Image
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About Villa Magna Condominiums

Map

Source: BeachesMLS

MLS Number: R9987597

BeachesMLS

APN: 24-43-46-28-51-000-1503

Florida Palm Beach County Highland Beach 33487

2727 S Ocean Blvd Unit 1503, Highland Beach, FL

This home is located at 2727 S Ocean Blvd Unit 1503, Highland Beach, FL 33487 since 22 October 2013 and is currently priced at $3,211,125. This property was built in 1982. 2727 S Ocean Blvd Unit 1503 is a home located in Palm Beach County with nearby schools including J. C. Mitchell Elementary School, Boca Raton Community Middle School, and Boca Raton 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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