R
Seller's Agent in 2021
Richard True
The Corcoran Group
(561) 655-9081
1 in this area
2 Total Sales
280 El Pueblo Way Palm Beach, FL 33480
North End Neighborhood
7
Beds
8
Baths
9,143
Sq Ft
0.58
Acres
Highlights
- Property has ocean access
- Wine Room
- New Construction
- Palm Beach Public School Rated A-
- Cabana
- Garage Apartment
About This Home
As of December 2021The luxury of land with a new home that architecturally blends with the neighborhood in a sought after North End of Palm Beach. Offering an idyllic setting for families who desire a quality of life that includes pristine beaches, miles of walking / jogging / biking along Lake Trail and all the amenities South Florida has to offer.
Unique opportunity to purchase a new estate sized home on spectacular double lot 200' X 125', 25,000 SF lot with mature specimen Banyan trees, gracious 9,143 SF +/- estate home under construction, superior finishes throughout this gracious residence featuring: 7 bedrooms, 8 baths, + 2 power rooms, including:, spacious first floor master suite with dual baths and dressing rooms, separate poolside guest house + staff/guest above 3-car garage. Completion 2021
Last Agent to Sell the Property
The Corcoran Group License #3221820 Listed on: 01/22/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $68,757
Year Built
- Built in 2021 | New Construction
Lot Details
- 0.58 Acre Lot
- Waterfront
- North Facing Home
- Back Yard Fenced
- Corner Lot
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 9,143 Sq Ft Home
- 2-Story Property
- Wine Room
- Dining Area
- Library
- Utility Room
- Home Gym
Kitchen
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 7 Bedrooms
- 8 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- High Impact Windows
- High Impact Door
Parking
- 2 Car Attached Garage
- Garage Apartment
Pool
- Cabana
- Pool and Spa
- Outdoor Pool
Outdoor Features
- Property has ocean access
- Patio
- Lanai
Utilities
- Forced Air Zoned Heating and Cooling System
Community Details
- No Home Owners Association
- El Encanto Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434302010000100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 22, 2021
Closed on
Dec 24, 2021
Sold by
Courchene Development Corporation
Bought by
Ganek David and Ganek Danielle
Seller's Agent
Richard True
The Corcoran Group
Buyer's Agent
Maria Mendelsohn
Douglas Elliman-Wellington
List Price
$22,710,886
Sold Price
$22,710,886
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
-$2,599,379
Avg. Annual Appreciation
-3.23%
Original Mortgage
$15,750,000
Outstanding Balance
$14,371,390
Interest Rate
2.38%
Mortgage Type
New Conventional
Estimated Equity
$5,740,117
Purchase Details
Listed on
Feb 20, 2020
Closed on
Sep 2, 2020
Sold by
280 El Pueblo Way Llc
Bought by
Courchene Development Corporation
Seller's Agent
JIM McCANN
Premier Estate Properties, Inc
Buyer's Agent
JIM McCANN
Premier Estate Properties, Inc
List Price
$7,500,000
Sold Price
$6,800,000
Premium/Discount to List
-$700,000
-9.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
149.32%
Purchase Details
Closed on
Jun 14, 2019
Sold by
Frankel Thomas and Frankel Marietta
Bought by
280 El Pueblo Way Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,850,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jul 24, 1995
Sold by
Surman William R
Bought by
Frankel Thomas and Frankel Marietta
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
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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 | $22,710,866 | Patch Reef Title | |
| Warranty Deed | $22,710,866 | Patch Reef Title | |
| Warranty Deed | $6,800,000 | Attorney | |
| Warranty Deed | $5,500,000 | Jupiter Title Co Llc | |
| Joint Tenancy Deed | $850,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $15,750,000 | New Conventional | |
| Closed | $15,750,000 | New Conventional | |
| Previous Owner | $3,850,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $417,000 | Unknown | |
| Previous Owner | $400,000 | Unknown | |
| Previous Owner | $350,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/28/2021 12/28/21 | Sold | $22,710,886 | 0.0% | $2,484 / Sq Ft |
| 03/17/2021 03/17/21 | Pending | -- | -- | -- |
| 01/22/2021 01/22/21 | For Sale | $22,710,886 | +234.0% | $2,484 / Sq Ft |
| 09/03/2020 09/03/20 | Sold | $6,800,000 | -9.3% | $1,890 / Sq Ft |
| 08/04/2020 08/04/20 | Pending | -- | -- | -- |
| 02/20/2020 02/20/20 | For Sale | $7,500,000 | -- | $2,084 / 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 | $355,686 | $23,844,699 | -- | -- |
| 2023 | $397,942 | $26,443,300 | $12,326,008 | $14,117,292 |
| 2022 | $284,314 | $18,248,936 | $0 | $0 |
| 2021 | $86,073 | $5,212,069 | $5,212,069 | $0 |
| 2020 | $68,757 | $4,078,466 | $4,078,466 | $0 |
| 2019 | $20,694 | $1,169,392 | $0 | $0 |
| 2018 | $19,725 | $1,147,588 | $0 | $0 |
| 2017 | $19,697 | $1,123,984 | $0 | $0 |
| 2016 | $18,422 | $1,100,866 | $0 | $0 |
| 2015 | $19,047 | $1,093,214 | $0 | $0 |
| 2014 | $19,137 | $1,084,538 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Richard True
-
Maria Mendelsohn
Buyer's Agent in 2021
Maria Mendelsohn
Douglas Elliman-Wellington
(561) 758-1605
1 in this area
72 Total Sales
-
JIM McCANN
J
Seller's Agent in 2020
JIM McCANN
Premier Estate Properties, Inc
(561) 307-1525
25 in this area
71 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 21-122
APN: 50-43-43-02-01-000-0100
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