$177,500
SOLD JUL 8, 2019

La Palma 2860 S Ocean Blvd Unit 1030 Palm Beach, FL 33480

1 Bed
1.5 Baths
1,012 Sq Ft
$636/mo HOA Fee

Recently Sold

$175 Per Sq Ft

24% Below List Price

120 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Clubhouse
  • Palm Beach Public School Rated A-
  • Fitness Center
  • 3-minute walk to Lake Worth Beach Park

About This Home

As of October 2024

New reduced price! Unique opportunity to own a one-of-a-kind condo on the intracoastal. Enjoy scenic Intracoastal and city views from this delightful and cozy unit in desirable Las Palmas Condominium in the Palm Beach Private Island. This ground-level unit features one bedroom, one and a half bathroom, and an ample balcony with an amazing intracoastal view. Deeded beach access is across the street, just steps away from the condo. The building has 24 hours doorman, a full-time manager, fitness center, BBQ area, and a sauna. A guest unit also available for family/friends that can be rented for less than $100 per night. Leasing is ok after one year of purchase. Architect designed, and certified drawings signed by a licensed engineer. Blueprints are available to future owner at no extra cos

Last Agent to Sell the Property

Maria Dominguez

Keller Williams Realty - Welli License #3398107 Listed on: 02/07/2019

Keller Williams Realty - Welli

Last Buyer's Agent

Linda D.

Illustrated Properties License #3004207

Illustrated Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,787

Year Built

  • Built in 1971

Lot Details

HOA Fees

  • $636 Monthly HOA Fees

Interior Spaces

  • 1,012 Sq Ft Home
  • Combination Dining and Living Room
  • Closed Circuit Camera

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • Roman Tub

Parking

  • Covered Parking
  • Assigned Parking

Outdoor Features

  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Water Softener Leased
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434423030001030

Community Details

Overview

  • Association fees include management, common areas, cable TV, HVAC, laundry, maintenance structure, pest control, pool(s), roof, sewer, water
  • 91 Units
  • La Palma Condominium Subdivision
  • 6-Story Property

Amenities

  • Doorman
  • Sauna
  • Clubhouse
  • Game Room
  • Laundry Facilities
  • Bike Room
  • Community Storage Space

Recreation

  • Park

Security

  • Resident Manager or Management On Site
  • Phone Entry
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,787

Year Built

Built in 1971

Lot Details

0

HOA Fees

$636 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Lake Ave. to Ocen Blvd.North of Lake Worth Bridge, Across from Four Season Hotel.
  • Year Built: 1971
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Eat-in Kitchen, Elevator, Garden Tub/Roman Tub, Living/Dining Room, Walk-In Closet(s)
  • Appliances: Electric Range, Disposal, Microwave, Refrigerator, Water Softener Rented
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Tile, Laminate
  • Living Area: 1012.0
  • Stories: 6

Exterior Features

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

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Covered

Utilities

  • Laundry Features: Common Area
  • Security: Closed Circuit Camera(s), Door Man, Phone Entry, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 636.0
  • Community Features: Game Room, Park, Property Manager On-Site, Pool, Sauna
  • Senior Community: No
  • Amenities: Bike Storage, Clubhouse, Fitness Center, Laundry, Management, Pool, Sauna, Storage, Trash
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, HVAC, Laundry, Maintenance Structure, Pest Control, Pool(s), Roof, Sewer, Water

Lot Info

  • Parcel #: 50434423030001030
  • Zoning Description: R-D(2)
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2787.0

Multi Family

  • Number Of Units In Community: 91

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Oct 4, 2024
Sold by
Bakita Alexander T
Bought by
Eames Polly Kimball
Seller's Agent
Diana Rudman
Illustrated Properties LLC (Jupiter)
Buyer's Agent
Joan Wenzel
Douglas Elliman
List Price
$645,000
Sold Price
$583,135
Premium/Discount to List
-$61,865
-9.59%
Views
11
Current Estimated Value
$598,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,589
Avg. Annual Appreciation
4.79%

Purchase Details

Listed on
Mar 25, 2022
Closed on
Aug 8, 2022
Sold by
Gaudinier Candice A and Gaudinier Victoria L
Bought by
Bakita Alexander Thomas
Seller's Agent
Elizabeth Hoadley
Purely Palm Beach Real Estate
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$310,000
Sold Price
$310,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.91%
Original Mortgage
$217,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 7, 2019
Closed on
Jul 8, 2019
Sold by
Barrios Pablo and Barrios Joaquina
Bought by
Gaudinier Candice A and Courtney Victoria L
Seller's Agent
Maria Dominguez
Keller Williams Realty - Welli
Buyer's Agent
Linda D.
Illustrated Properties
List Price
$234,900
Sold Price
$177,500
Premium/Discount to List
-$57,400
-24.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.43%
Original Mortgage
$133,125
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 18, 2016
Closed on
Dec 9, 2016
Sold by
Federal National Mortgage Association
Bought by
Barrios Pablo and Barrios Joaquina
Seller's Agent
Amanda Glass
Sandals Realty Group, Inc.
Buyer's Agent
Maria Orozco
Engel & Volkers Wellington
List Price
$153,000
Sold Price
$145,000
Premium/Discount to List
-$8,000
-5.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%

Purchase Details

Closed on
Jun 14, 2016
Sold by
Nationstar Moertgage Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 1, 2016
Bought by
Barrios Pablo

Purchase Details

Closed on
Apr 16, 1997
Sold by
Mondor Bernard G and Mondor Madeleine
Bought by
Anderer Edward J and Anderer Elizabeth O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,165
Interest Rate
7.86%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 12, 1995
Sold by
Sarnoff C Spencer
Bought by
Mondor Bernard G and Mondor Madeleine
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $583,132 First International Title
Warranty Deed $310,000 Nu World Title & Settlement
Warranty Deed $177,500 Nu World Ttl & Setmnt Svcs L
Special Warranty Deed $145,000 First International Title
Special Warranty Deed -- None Available
Deed $125,300 --
Warranty Deed $64,900 --
Warranty Deed $50,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $217,000 New Conventional
Previous Owner $133,125 New Conventional
Previous Owner $312,750 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $50,908 Unknown
Previous Owner $70,000 Unknown
Previous Owner $20,000 Unknown
Previous Owner $55,165 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2024 10/04/24 Sold $583,135 -9.6% $576 / Sq Ft
09/11/2024 09/11/24 For Sale $645,000 +108.1% $637 / Sq Ft
08/26/2022 08/26/22 Sold $310,000 0.0% $306 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $310,000 +74.6% $306 / Sq Ft
07/08/2019 07/08/19 Sold $177,500 -24.4% $175 / Sq Ft
06/08/2019 06/08/19 Pending -- -- --
02/07/2019 02/07/19 For Sale $234,900 +62.0% $232 / Sq Ft
12/09/2016 12/09/16 Sold $145,000 -5.2% $143 / Sq Ft
11/09/2016 11/09/16 Pending -- -- --
08/18/2016 08/18/16 For Sale $153,000 -- $151 / Sq Ft
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 $4,054 $286,000 -- --
2023 $4,260 $260,000 $0 $260,000
2022 $2,251 $161,885 $0 $0
2021 $2,288 $157,170 $0 $0
2020 $2,280 $155,000 $0 $155,000
2019 $2,818 $145,000 $0 $145,000
2018 $2,741 $145,000 $0 $145,000
2017 $2,787 $145,000 $0 $0
2016 $2,247 $125,000 $0 $0
2015 $2,247 $120,000 $0 $0
2014 $742 $74,763 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10502953

BeachesMLS

APN: 50-43-44-23-03-000-1030