NOT LISTED FOR SALE

The Cove South Building 2784 S Ocean Blvd Unit 202S Palm Beach, FL 33480

Estimated Value: $2,307,000 - $2,617,000

4 Beds
3.5 Baths
2,440 Sq Ft
$2,113/mo HOA Fee

Last Sold June 30, 2023

Last sale price $2,097,125 $859 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $17,448/month

51 Days on Market

Highlights

  • Doorman
  • Property has ocean access
  • Fitness Center
  • Palm Beach Public School Rated A-
  • Property fronts an intracoastal waterway
  • Clubhouse

About This Home

As of June 2023

This may be the most remarkable Direct Intracoastal Units on South Ocean Blvd! Inside this 4 bedroom + 3.5 bath unit are stunning porcelain floors throughout, marble baths, custom cabinetry, electric shades & impact doors. The galley style kitchen has bar seating and opens to the living area. Relax and watch the boats from the oversized wraparound balcony which offers breathtaking sunset views & gorgeous water views. The Cove is a Premier Boutique Building located directly across from the Four Seasons Hotel. It has Deeded Beach Access, an out of this world 75; Swimming Pool & Gardens, Fitness Center, Doormen, Guest Suite, & Great Management. This custom furnished unit is available as a turnkey and comes with 3 Assigned Parking Spaces & Storage.

Last Agent to Sell the Property

Scott Gordon

Douglas Elliman License #383426 Listed on: 04/14/2023

Douglas Elliman

Co-Listed By

Mindy Gordon

Douglas Elliman License #3257148

Douglas Elliman

Last Buyer's Agent

Mindy Gordon

Douglas Elliman License #3257148

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,788

Year Built

  • Built in 1975

Lot Details

HOA Fees

  • $2,113 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 2,440 Sq Ft Home
  • Entrance Foyer
  • Florida or Dining Combination
  • Closed Circuit Camera
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Parking

  • Open Parking
  • Assigned Parking

Outdoor Features

  • Property has ocean access
  • Balcony
  • Wrap Around Porch

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434423050022020

Community Details

Overview

  • Association fees include management, common areas, cable TV, HVAC, insurance, ground maintenance, pest control, sewer, security, trash, water
  • 80 Units
  • Cove Condo Subdivision
  • 5-Story Property

Amenities

  • Doorman
  • Clubhouse
  • Bike Room
  • Community Storage Space

Recreation

Security

  • Resident Manager or Management On Site
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,788

Year Built

Built in 1975

Lot Details

0

HOA Fees

$2,113 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: North on A1A past Lake Worth Beach to the Four Seasons Hotel. The Cove is directly across the street on the Intracoastal
  • Year Built: 1975
  • Entry Level: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Closet Cabinetry, Dual Sinks, Entrance Foyer, Family/Dining Room, Separate Shower, Walk-In Closet(s)
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble, Tile
  • Living Area: 2440.0
  • Stories: 5
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: None, Association, Community
  • Waterfront Features: Intracoastal Access, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Wrap Around
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Open Parking: Yes
  • Parking Features: Assigned, Open

Utilities

  • Security: Closed Circuit Camera(s), Door Man
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2113.0
  • Community Features: Non-Gated, Property Manager On-Site, Pool
  • Senior Community: No
  • Amenities: Bike Storage, Clubhouse, Fitness Center, Management, Pool, Storage, Trash
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, HVAC, Insurance, Maintenance Grounds, Pest Control, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 50434423050022020
  • Zoning Description: R-D(2)

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 14788.0

Multi Family

  • Number Of Units In Community: 80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Jun 29, 2023
Sold by
Roselin Phillip
Bought by
Lippman Mark J
Seller's Agent
Scott Gordon
Douglas Elliman
Buyer's Agent
Mindy Gordon
Douglas Elliman
List Price
$2,995,000
Sold Price
$2,097,125
Premium/Discount to List
-$897,875
-29.98%
Views
27
Current Estimated Value
$2,449,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,117
Avg. Annual Appreciation
3.00%
Original Mortgage
$1,572,988
Outstanding Balance
$1,536,002
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$702,256

Purchase Details

Closed on
Apr 5, 2010
Sold by
Lang Susan and Helene R Schwartz Revocable Tr
Bought by
Roselin Phillip

Purchase Details

Closed on
Mar 31, 2010
Sold by
Pace Sara and Pace Christopher
Bought by
Roselin Phillip

Purchase Details

Closed on
Mar 29, 2010
Sold by
Josenhans David and Josenhans Katherine
Bought by
Roselin Phillip

Purchase Details

Closed on
Feb 19, 2010
Sold by
Mangel Michael
Bought by
Lang Susan and Helene R Schwartz Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Lippman Mark J $2,247,125 Producers Title
Roselin Phillip $450,000 Attorney
Roselin Phillip -- Attorney
Roselin Phillip -- Attorney
Lang Susan -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lippman Mark J $1,572,988
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $2,097,125 -30.0% $859 / Sq Ft
06/05/2023 06/05/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $2,995,000 0.0% $1,227 / Sq Ft
08/16/2019 08/16/19 Rented $13,500 +68.8% --
07/17/2019 07/17/19 Under Contract -- -- --
06/05/2019 06/05/19 For Rent $8,000 -27.3% --
06/29/2017 06/29/17 Rented $11,000 -8.3% --
05/30/2017 05/30/17 Under Contract -- -- --
05/23/2017 05/23/17 For Rent $12,000 +140.0% --
05/12/2015 05/12/15 Rented $5,000 -52.4% --
04/12/2015 04/12/15 Under Contract -- -- --
03/20/2015 03/20/15 For Rent $10,500 -- --
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 $25,120 $1,700,000 -- --
2023 $15,125 $955,900 $0 $0
2022 $14,788 $869,000 $0 $0
2021 $13,235 $790,000 $0 $790,000
2020 $12,783 $750,000 $0 $750,000
2019 $13,048 $750,000 $0 $750,000
2018 $12,548 $750,000 $0 $750,000
2017 $12,144 $750,000 $0 $0
2016 $11,246 $611,994 $0 $0
2015 $11,143 $556,358 $0 $0
2014 $9,576 $505,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10881658

BeachesMLS

APN: 50-43-44-23-05-002-2020