$925,000
SOLD MAY 18, 2023

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

3 Beds
3 Baths
2,266 Sq Ft
$1,883/mo HOA Fee

Recently Sold

$408 Per Sq Ft

23% Below List Price

119 Days on Market

Highlights

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

About This Home

As of June 2024

Large Corner Unit with views of both Atlantic Ocean and Intra Coastal Waterway. Unique 3 Bedroom/3 full Bathroom layout that boasts of a grand and welcoming floor plan with wrap around balcony. 3 Walk In Closets and Laundry Room fulfill a variety of needs. Awesome sunrises and spectacular sunsets can be experienced living in this unit. This space is totally ready for you to reimagine, to fit your Palm Beach lifestyle. It is located in one of the most prestigious and well maintained buildings in Palm Beach. Fully renovated hallways and elevators and amenities of Fitness Room, Community Room, Large Pool and Deck overlooking Nature's Inspiration of the Intra Coastal. Private Deeded Ocean Access, 24 hour security/doorperson, garage parking, and much more. Close to Palm Beach's Top Star Hotels, Fine Dining, Shopping, Oceanfront Golf Course and other Exclusive Palm Beach Venues.

Last Agent to Sell the Property

ALICE HODACH, PA

Keller Williams Palm Beach Island License #SL-3104745 Listed on: 11/22/2022

Keller Williams Palm Beach Island

Last Buyer's Agent

STEPHANIE LEFES

Sotheby's International Realty, Inc. License #3086165

Sotheby's International Realty, Inc.

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $5,442

Year Built

  • Built in 1981

Lot Details

  • East Facing Home

HOA Fees

  • $1,883 Monthly HOA Fees

Interior Spaces

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

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Open Parking

Pool

  • Outdoor Pool
  • Heated Pool

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Non-Toxic Pest Control
  • Property is near a clubhouse

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

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$5,442

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,883 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: Lake Worth Bridge East North on A1A to 2778 S Ocean Blvd. Park in Guest Spots Check in with Door Person in main lobby South Bldg.
  • 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: 5441.55
  • Location Tax Legal:Tax Year2: 2021
  • General Property Description:Living Area: 2266.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 1883.27
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 76
  • General Property Description:_pound_ Floors: 5.0
  • Waterfront-Unit:Living Room View: Yes
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: 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: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
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Intracoastal-Direct2: Yes
  • Pool:Heated Elec: 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: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 3
  • Flooring: Marble, Tile, W/W Carpeting
  • Interior Amenities: Cable, Ceiling Fan, Storage, Wndw Trmnts Included, Smoke Alarms
  • 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:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Ceiling Fan: Yes
  • Other Rooms:Dining Area: Yes

Exterior Features

  • Pool Features: Pool, Fresh Water, Heated Elec
  • Pool Private: Yes
  • Exterior Features: Balcony, Storm Shutters, Ocean Access- Deeded, Clubhouse, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Clubhouse: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry in Unit
  • Security: 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: 1883.27

Tax Info

  • Tax Annual Amount: 5441.55
  • Tax Year: 2021

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
119
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: 22-1723

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