$963,000
SOLD DEC 7, 2021

Sutton Place 2778 S Ocean Blvd Unit 407s Palm Beach, FL 33480

2 Beds
2.5 Baths
1,830 Sq Ft
$1,275/mo HOA Fee

Recently Sold

$526 Per Sq Ft

1% Below List Price

187 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Fitness Center
  • Elevator
  • Palm Beach Public School Rated A-
  • Community Pool
  • Central Heating and Cooling System

About This Home

As of April 2023

This is a real stunner! The only Intracoastal luxury building with garage parking in Palm Beach priced under 2M. Exposure is NW and just one unit east of the water. If you are seeking the finest finishes, this newly renovated two bedroom was reconfigured with an added half bath and open floor plan and gourmet kitchen. Kitchen has large quartz island with wine refrigerator, induction top, convection oven including Bosch, Samsung and Profile appliances. New Gym, Lobbies, Hallways and Clubhouse on pool deck, Close to Four Seasons Resort, Farmers Market, Par 3 Golf Course, shopping and restaurants.. Deeded garage space 29, outside # 41

Last Agent to Sell the Property

STEPHANIE LEFES

Sotheby's Intl. Realty, Inc. License #3086165 Listed on: 05/03/2021

Sotheby's Intl. Realty, Inc.

Last Buyer's Agent

STEPHANIE LEFES

Sotheby's Intl. Realty, Inc. License #3086165 Listed on: 05/03/2021

Sotheby's Intl. Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,855

Year Built

  • Built in 1981

HOA Fees

  • $1,275 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 1,830 Sq Ft Home
  • Dishwasher
  • Washer and Dryer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434423100024070

Community Details

Overview

  • Association fees include common areas, maintenance structure, trash
  • 76 Units
  • Sutton Place Condo Subdivision
  • 5-Story Property

Amenities

  • Elevator

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,855

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,275 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: AIA NORTH OF THE FOUR SEASONS RESORT AND SPA.
  • Year Built: 1981
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Split Bedrooms
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Other
  • Living Area: 1830.0
  • Stories: 5

Exterior Features

  • View: Intercoastal
  • Pool Features: None, Association, Community
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1275.0
  • Community Features: Non-Gated, Pool
  • Senior Community: No
  • Amenities: Fitness Center, Pool, Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Structure, Other, Trash

Lot Info

  • Parcel #: 50434423100024070
  • Zoning Description: R-D(2)
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5855.0

Multi Family

  • Number Of Units In Community: 76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2022
Closed on
Apr 3, 2023
Sold by
Sisti Andrew and Sisti Gina
Bought by
Diana L Paxton Revocable Living Trust
Seller's Agent
Gina Sisti
Brown Harris Stevens of Palm Beach 5225
Buyer's Agent
STEPHANIE LEFES
Sotheby's International Realty, Inc.
List Price
$1,300,000
Sold Price
$1,300,000
Views
22
Current Estimated Value
$1,478,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,937
Avg. Annual Appreciation
5.74%

Purchase Details

Listed on
May 3, 2021
Closed on
Dec 3, 2021
Sold by
Cheng Yau Ching and Quinn William J
Bought by
Sisti Andrew and Sisti Gina
Seller's Agent
STEPHANIE LEFES
Sotheby's Intl. Realty, Inc.
Buyer's Agent
STEPHANIE LEFES
Sotheby's Intl. Realty, Inc.
List Price
$975,000
Sold Price
$963,000
Premium/Discount to List
-$12,000
-1.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.52%
Original Mortgage
$548,250
Interest Rate
2.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 13, 2015
Closed on
Mar 4, 2016
Sold by
Silken David R
Bought by
Cheng Yau Ching
Seller's Agent
STEPHANIE LEFES
Sotheby's International Realty, Inc.
Buyer's Agent
STEPHANIE LEFES
Lowell Int'l Realty Group. Inc
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.21%

Purchase Details

Closed on
May 28, 2013
Sold by
Silken Stanley S and Silken Sylvia B
Bought by
Silken Stanley S
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 $1,300,000 None Listed On Document
Warranty Deed $1,300,000 None Listed On Document
Warranty Deed $963,000 Premier Title Company Ltd
Warranty Deed $350,000 Secure Land Title & Escrow S
Interfamily Deed Transfer -- Secure Land Title & Escrow S
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $548,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2023 04/03/23 Sold $1,300,000 0.0% $710 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
11/08/2022 11/08/22 For Sale $1,300,000 +35.0% $710 / Sq Ft
12/07/2021 12/07/21 Sold $963,000 -1.2% $526 / Sq Ft
11/07/2021 11/07/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $975,000 +178.6% $533 / Sq Ft
03/04/2016 03/04/16 Sold $350,000 0.0% $191 / Sq Ft
02/09/2016 02/09/16 Pending -- -- --
08/13/2015 08/13/15 For Sale $350,000 -- $191 / 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 $6,904 $480,000 -- --
2023 $9,851 $630,000 $0 $630,000
2022 $9,568 $631,800 $0 $0
2021 $5,772 $330,000 $0 $330,000
2020 $5,855 $330,000 $0 $330,000
2019 $5,867 $330,000 $0 $330,000
2018 $5,144 $290,000 $0 $290,000
2017 $5,491 $305,000 $0 $0
2016 $5,343 $305,000 $0 $0
2015 $2,740 $192,026 $0 $0
2014 $2,749 $190,502 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10712924

BeachesMLS

APN: 50-43-44-23-10-002-4070