NOT LISTED FOR SALE

The Cove South Building 2784 S Ocean Blvd Unit 502 S Palm Beach, FL 33480

Estimated Value: $1,250,000 - $1,654,000

2 Beds
2 Baths
1,777 Sq Ft
$831/Sq Ft Est. Value

Last Sold March 13, 2013

Last sale price $775,000 $436 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $10,226/month

52 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Cabana
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Marble Flooring

About This Home

As of March 2013

Like being on a magnificent luxury liner surrounded by water views. This custom renovation exudes the best of the best. Located on the top floor of this sought after boutique bldg, this NW corner has much to offer. A gourmet kitchen w/ beautiful built-ins & a sumptuous master suite, complete w/ built-ins make this one of the most desirable offerings in Palm Beach. Wrap around balcony SUPPLEMENT enhances views of this Penthouse unit. Hurricane impact doors. Office Nook is off the Living Room. The Cove is located across the street from the Four Seasons and has its own deeded beach. This unit is complete with a custom cabana.

Last Agent to Sell the Property

SCOTT GORDON

SCOTT GORDON REALTY ASSOCIATES Listed on: 01/04/2013

Last Buyer's Agent

Dana Koch

The Corcoran Group License #3027862

The Corcoran Group

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $6,910

Year Built

  • Built in 1979

Lot Details

  • Northwest Facing Home

HOA Fees

  • $1,340 Monthly HOA Fees

Interior Spaces

  • 1,777 Sq Ft Home
  • Wet Bar
  • Sound System
  • Dining Area
  • Library
  • Storage
  • Utility Room
  • Home Gym

Kitchen

  • Single Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Open Parking

Eco-Friendly Details

  • Non-Toxic Pest Control

Pool

  • Cabana
  • Outdoor Pool
  • Heated Pool

Outdoor Features

  • Property has ocean access
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434423050025020

Community Details

Overview

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

Amenities

  • Doorman
  • Common Area
  • Elevator

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$6,910

Year Built

Built in 1979

Lot Details

0

HOA Fees

$1,340 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: A1A on Intracoastal side north of Lake Worth Pier, across from Four Seasons.
  • Building Name: Cove
  • Year Built: 1979
  • Location Tax Legal:Name of Building: Cove
  • Location Tax Legal:Zoned: RD-3
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 6909.77
  • Location Tax Legal:Tax Year2: 2012
  • General Property Description:Living Area: 1777.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 4021.0
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 80
  • General Property Description:_pound_ Floors: 5.0
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: 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
  • Exposure of Unit:North2: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Pets:Pets Allowed: No
  • Exposure of Unit:West2: 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: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Oven-Single, Microwave, Washer, Dryer, Range - Electric
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Marble, Tile, W/W Carpeting
  • Interior Amenities: Cable, Sound System, Storage, Wet Bar, Wndw Trmnts Included, Smoke Alarms
  • Living Area: 1777.0
  • Stories: 5
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Wet Bar: Yes
  • Interior Features:Sound System: Yes

Exterior Features

  • Pool Features: Pool, Heated Elec
  • Pool Private: Yes
  • Exterior Features: Balcony, Cabana, Storm Shutters, 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:Ocean Access-Deeded: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Cabana: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Other 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

  • Parcel #: 50434423050025020
  • Zoning: RD-3

Multi Family

  • Number Of Units Total: 80
  • Maintenance Expense: 4021.0

Tax Info

  • Tax Annual Amount: 6909.77
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2019
Sold by
Lee Richard S
Bought by
Lee Richard S and Lee 2019 Revocable T Richard S
Current Estimated Value
$1,476,971

Purchase Details

Closed on
Dec 10, 2015
Sold by
Lee Richard S
Bought by
Kagan Peter R

Purchase Details

Closed on
Jun 6, 2014
Sold by
Meier Thomas J and Meier Susan R
Bought by
Lee Richard S

Purchase Details

Listed on
Jan 4, 2013
Closed on
Mar 4, 2013
Sold by
Gleason Grace E and Grace Ellen Bardelis Trust
Bought by
Lee Richard S
Seller's Agent
SCOTT GORDON
SCOTT GORDON REALTY ASSOCIATES
Buyer's Agent
Dana Koch
The Corcoran Group
List Price
$775,000
Sold Price
$775,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.68%

Purchase Details

Closed on
Mar 30, 2004
Sold by
Rosenthal Shirley C
Bought by
Bardelis Grace E and Grace Ellen Bardelis 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
Lee Richard S -- Attorney
Kagan Peter R $15,000 Trilogy Title Services Inc
Lee Richard S $25,000 Horizon Title Services Inc
Lee Richard S $715,000 Attorney
Bardelis Grace E $515,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bardelis Grace Ellen $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2013 03/13/13 Sold $775,000 0.0% $436 / Sq Ft
03/13/2013 03/13/13 Sold $775,000 0.0% $436 / Sq Ft
02/25/2013 02/25/13 Pending -- -- --
02/11/2013 02/11/13 Pending -- -- --
01/04/2013 01/04/13 For Sale $775,000 -32.6% $436 / Sq Ft
09/14/2010 09/14/10 For Sale $1,150,000 -- $647 / 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 $10,244 $721,097 -- --
2023 $10,024 $700,094 $0 $0
2022 $10,020 $679,703 $0 $0
2021 $10,164 $659,906 $0 $0
2020 $10,497 $650,795 $0 $0
2019 $10,467 $636,163 $0 $0
2018 $9,941 $624,301 $0 $0
2017 $9,932 $611,460 $0 $0
2016 $9,715 $598,883 $0 $0
2015 $10,043 $594,720 $0 $0
2014 $10,089 $590,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    SCOTT GORDON

    SCOTT GORDON REALTY ASSOCIATES

  • Dana Koch

    Buyer's Agent in 2013

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    226 Total Sales

    Dana Koch
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About The Cove South Building

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 13-34

APN: 50-43-44-23-05-002-5020

Florida Palm Beach County Palm Beach 33480

2784 S Ocean Blvd Unit 502 S, Palm Beach, FL

This home is located at 2784 S Ocean Blvd Unit 502 S, Palm Beach, FL 33480 since 04 January 2013 and is currently estimated at $1,476,971, approximately $831 per square foot. This property was built in 1979. 2784 S Ocean Blvd Unit 502 S is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Lake Worth Community Middle School, and Forest Hill Community High School.

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