28 Tropical Dr Ocean Ridge, FL 33435
4
Beds
3
Baths
2,551
Sq Ft
7,405
Sq Ft Lot
Highlights
- Property has ocean access
- Waterfront
- No HOA
- Outdoor Pool
- Lanai
- Balcony
About This Home
As of January 2020Wonderful Key West home steps to the Ocean! Enjoy the look and feel of being in Key West while living within minutes of all that Palm Beach County has to offer. This charming custom home has 3,400 SF with 4 bedroom, 3.5 bath and was designed by well-known architect, Randy Stoft. You'll love the home's Key West design, from the beautiful marble and hardwood floors, to the openness of the floor plan. Warm natural light bathes the home through large bay windows on both the main level and from the upper level balconies. The cozy living room has a gas fireplace and flows seamlessly to the formal dining area. French doors provide direct access to the outside patio and pool where you can enjoy the sounds and views of the ocean, making this home perfect for both indoor and outdoor entertaining.
The kitchen features a coffered ceiling, center island prep area, granite countertops, a breakfast bar and top quality stainless steel appliances.
The large master suite has walk-in closets, a luxurious master bath with Roman tub, and a balcony with spectacular views of the ocean.
Other amenities include a wrought iron fenced front yard with mature landscaping, a custom brick-paved walkway to the front entry, a brick-paved driveway and attached garage. While the look and feel of this home makes you think of Key West, the home is located just minutes from some of south Florida's best shopping and dining.
Last Agent to Sell the Property
The Corcoran Group License #3135349 Listed on: 03/26/2019
Last Buyer's Agent
John Lipscomb
The Corcoran Group License #SL-3388259
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,459
Year Built
- Built in 2006
Lot Details
- 7,405 Sq Ft Lot
- Waterfront
- North Facing Home
- Back Yard Fenced
Parking
- 1 Car Attached Garage
Home Design
- Metal Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 2,551 Sq Ft Home
- 2-Story Property
- Dining Area
Kitchen
- Gas Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- High Impact Windows
- High Impact Door
Outdoor Features
- Outdoor Pool
- Property has ocean access
- Balcony
- Patio
- Lanai
Utilities
- Central Heating and Cooling System
- Septic System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 46434534050010750
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2019
Closed on
Jan 9, 2020
Sold by
Meyer Florence Nicole
Bought by
Cooke Wayne and Cooke Debbie
Seller's Agent
Steven Presson
The Corcoran Group
Buyer's Agent
Steven Presson
The Corcoran Group
List Price
$1,595,000
Sold Price
$1,400,000
Premium/Discount to List
-$195,000
-12.23%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,129,744
Avg. Annual Appreciation
11.73%
Purchase Details
Listed on
Mar 26, 2019
Closed on
May 21, 2019
Sold by
Burns Michael J and Burns Rene R
Bought by
Meyer Florence Nicole and Meyer Daniel
Seller's Agent
Steven Presson
The Corcoran Group
Buyer's Agent
John Lipscomb
The Corcoran Group
List Price
$1,300,000
Sold Price
$1,300,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.28%
Original Mortgage
$484,350
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 23, 2010
Sold by
Kahn Jeffrey
Bought by
Burns Michael J and Burns Rene R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
4.18%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 2006
Sold by
Ocean Ridge Associates Llc
Bought by
Kahn Jeffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
1.24%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Dec 5, 2002
Sold by
Campagna Debra C
Bought by
Kahn Jeffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,750
Interest Rate
4.75%
Similar Home in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,400,000 | None Available | |
| Warranty Deed | $1,300,000 | Title Of America Llc | |
| Warranty Deed | $725,000 | Attorney | |
| Quit Claim Deed | -- | Unique Title Source Inc | |
| Personal Reps Deed | $345,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $484,350 | New Conventional | |
| Previous Owner | $580,000 | New Conventional | |
| Previous Owner | $1,500,000 | Negative Amortization | |
| Previous Owner | $40,000 | Balloon | |
| Previous Owner | $345,000 | Credit Line Revolving | |
| Previous Owner | $327,750 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/10/2020 01/10/20 | Sold | $1,400,000 | -12.2% | $549 / Sq Ft |
| 12/11/2019 12/11/19 | Pending | -- | -- | -- |
| 08/01/2019 08/01/19 | For Sale | $1,595,000 | +22.7% | $625 / Sq Ft |
| 05/21/2019 05/21/19 | Sold | $1,300,000 | 0.0% | $510 / Sq Ft |
| 04/30/2019 04/30/19 | Pending | -- | -- | -- |
| 03/26/2019 03/26/19 | For Sale | $1,300,000 | -- | $510 / Sq Ft |
Source: Palm Beach Board of REALTORS®
Tax History Compared to Growth
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 | $22,997 | $1,292,995 | -- | -- |
| 2023 | $22,481 | $1,255,335 | $0 | $0 |
| 2022 | $22,413 | $1,218,772 | $0 | $0 |
| 2021 | $22,348 | $1,183,274 | $797,600 | $385,674 |
| 2020 | $20,859 | $1,064,578 | $648,000 | $416,578 |
| 2019 | $17,347 | $865,271 | $459,000 | $406,271 |
| 2018 | $15,396 | $796,811 | $447,388 | $349,423 |
| 2017 | $15,459 | $804,428 | $372,823 | $431,605 |
| 2016 | $14,368 | $714,463 | $0 | $0 |
| 2015 | $13,852 | $664,861 | $0 | $0 |
| 2014 | $12,682 | $604,419 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Presson
Seller's Agent in 2020
Steven Presson
The Corcoran Group
(561) 757-0172
42 in this area
113 Total Sales
-
John Lipscomb
J
Seller Co-Listing Agent in 2020
John Lipscomb
The Corcoran Group
(561) 757-0172
9 in this area
17 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 19-791
APN: 46-43-45-34-05-001-0750
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