$1,940,000
SOLD JUN 14, 2024

Sutton Place 2778 S Ocean Blvd Unit 404 Palm Beach, FL 33480

3 Beds
3 Baths
2,266 Sq Ft
$2,381/mo HOA Fee

Recently Sold

$856 Per Sq Ft

14% Below List Price

95 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Outdoor Pool
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Wine Refrigerator

About This Home

As of June 2024

Stunning Turnkey Opportunity! Enjoy this gorgeous newly renovated 3 bedroom, 3 full bath filled with natural light and clear intracoastal views. Thoughtfully designed and meticulously renovated using quality materials, tasteful finishes and appointed with sophisticated furnishings. Highlights include neutral 48'' x 48'' porcelain flooring, leathered quartzite waterfall kitchen island, Thermador appliances, hurricane impact windows/doors, motorized shades, spacious laundry room and custom fitted storage. Full service building with deeded beach access, newly designed common areas, fitness center, pool, spa and 2 car parking with one garage space. A Must See!

Last Agent to Sell the Property

Fern Fodiman

Sotheby's International Realty, Inc. License #3229026 Listed on: 02/02/2024

Sotheby's International Realty, Inc.

Last Buyer's Agent

Phatavanh Olsen

Douglas Elliman License #BK-3308465

Douglas Elliman

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $5,297

Year Built

  • Built in 1981

Lot Details

  • Home has sun exposure from multiple directions

HOA Fees

  • $2,381 Monthly HOA Fees

Interior Spaces

  • 2,266 Sq Ft Home
  • Dining Area
  • Storage
  • Utility Room
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Open Parking

Eco-Friendly Details

  • Non-Toxic Pest Control

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434423100024040

Community Details

Overview

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

Amenities

  • Doorman
  • Common Area
  • Lobby
  • Elevator

Recreation

  • Outdoor Pool

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$5,297

Year Built

Built in 1981

Lot Details

0

HOA Fees

$2,381 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: Lake Worth Bridge East to A1A South Ocean Boulevard North. 2778 1/3 mile on the Intracoastal Waterway.
  • Building Name: Sutton Place
  • Year Built: 1981
  • Location Tax Legal:Name of Building: Sutton Place
  • Location Tax Legal:Zoned: RD-1
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 5297.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 2266.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 7142.55
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 76
  • General Property Description:_pound_ Floors: 5.0
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: Yes
  • Exposure of Unit:East2: Yes
  • Exposure of Unit:South2: 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
  • Security:Security System: Yes
  • Security:Door Person: 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:West2: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Intracoastal-Direct2: Yes
  • Restrictions:No Pets Allowed: Yes
  • Waterfront-Unit:Intracoastal-Direct3: Yes
  • Waterfront-Building:Ocean- Across Street: Yes
  • Waterfront-Unit:Ocean- Across Street2: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Oven-Convection, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 3
  • Flooring: Other Flooring
  • Interior Amenities: Cable, Storage, Wndw Trmnts Included, Smoke Alarms, Pantry
  • Living Area: 2266.0
  • Stories: 5
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:Oven-Convection: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes

Exterior Features

  • Pool Features: Pool, Fresh Water
  • Pool Private: Yes
  • Exterior Features: Balcony, Impact Doors, Impact Windows, Ocean Access- Deeded, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Exterior Features:Ocean Access-Deeded: Yes

Garage/Parking

  • Parking:Garage2: Yes
  • Parking:_two_ Car2: Yes
  • Parking:Open Parking: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Security System, Door Person
  • 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 #: 50434423100024040
  • Zoning: RD-1

Multi Family

  • Number Of Units Total: 76
  • Maintenance Expense: 7142.55

Tax Info

  • Tax Annual Amount: 5297.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
Jun 14, 2024
Sold by
Carruthers Thomas G and Carruthers Linda
Bought by
Linda L Feulner Revocable Trust and Feulner
Seller's Agent
Fern Fodiman
Sotheby's International Realty, Inc.
Buyer's Agent
Phatavanh Olsen
Douglas Elliman
List Price
$2,250,000
Sold Price
$1,940,000
Premium/Discount to List
-$310,000
-13.78%
Total Days on Market
95
Views
78
Current Estimated Value
$1,920,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,966
Avg. Annual Appreciation
-1.05%

Purchase Details

Listed on
Nov 22, 2022
Closed on
May 2, 2023
Sold by
Kraft Katherine J
Bought by
Kraft Katherine J
Seller's Agent
ALICE HODACH, PA
Keller Williams Palm Beach Island
Buyer's Agent
STEPHANIE LEFES
Sotheby's International Realty, Inc.
List Price
$1,195,000
Sold Price
$925,000
Premium/Discount to List
-$270,000
-22.59%
Views
69

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
98.53%

Purchase Details

Closed on
Jan 6, 2011
Sold by
Kraft Katherine J
Bought by
Kraft Katherine J and Katherine J Kraft Living Trust

Purchase Details

Closed on
Nov 24, 2009
Sold by
Klufer Alyse Joel
Bought by
Kraft Katherine J

Purchase Details

Closed on
Nov 25, 1994
Sold by
Scott Vera Betty
Bought by
Klufer Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
8.82%
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 $1,940,000 None Listed On Document
Warranty Deed $925,000 None Listed On Document
Interfamily Deed Transfer -- Attorney
Warranty Deed $380,000 Attorney
Warranty Deed $185,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $650,000 Balloon
Previous Owner $82,200 Credit Line Revolving
Previous Owner $60,000 Credit Line Revolving
Previous Owner $166,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $1,940,000 -3.0% $856 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
04/08/2024 04/08/24 Price Changed $1,999,000 -11.2% $882 / Sq Ft
02/02/2024 02/02/24 For Sale $2,250,000 +143.2% $993 / Sq Ft
05/18/2023 05/18/23 Sold $925,000 -14.0% $408 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
02/03/2023 02/03/23 Price Changed $1,075,000 -10.0% $474 / Sq Ft
11/22/2022 11/22/22 For Sale $1,195,000 -- $527 / Sq Ft
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 $15,594 $1,020,000 -- --
2023 $5,297 $370,916 $0 $0
2022 $5,351 $360,113 $0 $0
2021 $5,443 $349,624 $0 $0
2020 $5,442 $344,797 $0 $0
2019 $5,420 $337,045 $0 $0
2018 $5,149 $330,761 $0 $0
2017 $5,135 $323,958 $0 $0
2016 $4,863 $317,295 $0 $0
2015 $5,025 $315,089 $0 $0
2014 $5,046 $312,588 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 24-208

APN: 50-43-44-23-10-002-4040