NOT LISTED FOR SALE

Estimated Value: $9,197,000 - $11,214,798

8 Beds
8.5 Baths
5,823 Sq Ft
$1,707/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $10,900,000 $1,872 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $57,445/month

11 Days on Market

Highlights

  • Private Pool
  • Marble Flooring
  • Separate Shower in Primary Bathroom
  • Palm Beach Public School Rated A-
  • No HOA
  • Walk-In Closet

About This Home

As of May 2024

Located on the highly desired North End of Palm Beach, this two-story residence offers a contemporary design with luxurious finishes throughout. The state-of-the-art kitchen is a highlight of this home, perfect for those who appreciate modern architecture. The property boasts a spacious pool and spa, along with a charming guest cabana. With a total of 8 bedrooms and 8.5 bathrooms, this home offers ample space for comfort and relaxation. Recent enhancements include new lighting fixtures, outdoor loggia screens, fresh landscaping, surveillance cameras, and smart home devices. Colonial Lane offers a tranquil beach cabana area with shaded palm trees, dining tables, an outdoor shower, and comfortable lounge furniture.

Last Agent to Sell the Property

Gary Pohrer

Serhant License #3068785 Listed on: 04/04/2024

Serhant

Last Buyer's Agent

Samantha Bender

Lang Realty/ BR License #3497608

Lang Realty/ BR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $67,119

Year Built

  • Built in 1962

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 150 x 94
  • South Facing Home

Parking

  • 2 Car Garage

Home Design

  • Frame Construction

Interior Spaces

  • 5,823 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer

Kitchen

  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms | 3 Main Level Bedrooms
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Private Pool
  • Forced Air Zoned Heating and Cooling System

Community Details

  • No Home Owners Association
  • El Encanto Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303110000350

Home Details

Home Type

Single Family

Est. Annual Taxes

$67,119

Year Built

Built in 1962

Lot Details

0.32 Acres

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Year Built: 1962
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Bathtub, Entrance Foyer, Main Level Primary, Soaking Tub, Separate Shower, Walk-In Closet(s)
  • Main Level Bedrooms: 3
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Flooring: Marble, Other, Wood
  • Living Area: 5823.0
  • Stories: 2

Exterior Features

  • Pool Private: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Direction Faces: South
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Garage

Utilities

  • Laundry Features: Inside, Laundry Closet
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434303110000350
  • Lot Size Acres: 0.32
  • Lot Size: 150 x 94
  • Lot Size Sq Ft: 13939.2
  • Mobile Dim Units: Feet
  • Zoning: R-B—LOW DENSITY

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 67119.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2024
Closed on
May 31, 2024
Sold by
Khizver Alexandr and Lesniak Beth
Bought by
Kaitz Steven and Kaitz Suzanne
Seller's Agent
Gary Pohrer
Serhant
Buyer's Agent
Samantha Bender
Lang Realty/ BR
List Price
$10,400,000
Sold Price
$10,900,000
Premium/Discount to List
$500,000
4.81%
Views
20
Current Estimated Value
$9,942,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$957,734
Avg. Annual Appreciation
-4.98%

Purchase Details

Listed on
Jan 2, 2019
Closed on
Jan 30, 2020
Sold by
Colonial 285 Llc
Bought by
Khizver Alexandr and Lesniak Beth
Seller's Agent
Toni Hollis
The Corcoran Group
Buyer's Agent
Gary Pohrer
Serhant
List Price
$6,000,000
Sold Price
$4,300,000
Premium/Discount to List
-$1,700,000
-28.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.96%
Original Mortgage
$3,010,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2015
Sold by
Colonial Lane Llc
Bought by
Colonial 285 Llc

Purchase Details

Listed on
Oct 24, 2012
Closed on
Jun 3, 2013
Sold by
Decaraman Christina and Goldsmith Christina De Caraman
Bought by
285 Colonial Lane Llc
Seller's Agent
Toni Hollis
The Corcoran Group
Buyer's Agent
Laurie Barfield
The Keyes Company - Stuart
List Price
$2,550,000
Sold Price
$2,200,000
Premium/Discount to List
-$350,000
-13.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.52%

Purchase Details

Closed on
Aug 18, 2000
Sold by
Goldsmith C Gerald
Bought by
Goldsmith Christina D

Purchase Details

Closed on
Aug 31, 1999
Sold by
Bank One Trust Co Tr
Bought by
Goldsmith C Gerald

Purchase Details

Closed on
May 13, 1997
Sold by
Chumley Norris G
Bought by
Bank One Trust Group
Source: Public Records
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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
Kaitz Steven $10,900,000 None Listed On Document
Khizver Alexandr $4,300,000 Attorney
Colonial 285 Llc $2,250,000 Attorney
285 Colonial Lane Llc $2,200,000 Attorney
Goldsmith Christina D -- --
Goldsmith C Gerald $530,000 --
Bank One Trust Group $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khizver Alexandr $3,010,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2024 05/31/24 Sold $10,900,000 +4.8% $1,872 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $10,400,000 +141.9% $1,786 / Sq Ft
01/31/2020 01/31/20 Sold $4,300,000 -28.3% $738 / Sq Ft View Prior Sale
01/01/2020 01/01/20 Pending -- -- --
05/25/2018 05/25/18 For Sale $6,000,000 +172.7% $1,030 / Sq Ft
06/04/2013 06/04/13 Sold $2,200,000 -13.7% $783 / Sq Ft View Prior Sale
05/05/2013 05/05/13 Pending -- -- --
10/26/2012 10/26/12 For Sale $2,550,000 -- $907 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $68,568 $8,347,844 -- --
2024 $68,568 $4,570,259 -- --
2023 $67,119 $4,437,145 $0 $0
2022 $67,231 $4,307,908 $0 $0
2021 $68,403 $4,182,435 $3,054,831 $1,127,604
2020 $64,861 $4,101,254 $2,838,622 $1,262,632
2019 $65,025 $4,387,548 $2,580,565 $1,806,983
2018 $58,524 $4,219,981 $2,580,565 $1,639,416
2017 $37,280 $2,169,100 $2,150,000 $19,100
2016 $42,819 $2,415,398 $0 $0
2015 $40,084 $2,195,816 $0 $0
2014 $36,398 $1,996,196 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10975024

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-03-11-000-0350

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