$475,000
SOLD JUL 31, 2024

La Palma 2860 S Ocean Blvd Unit 4160 Palm Beach, FL 33480

2 Beds
2 Baths
1,210 Sq Ft
$1,067/mo HOA Fee

Recently Sold

$393 Per Sq Ft

27% Below List Price

3 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Outdoor Pool
  • Palm Beach Public School Rated A-
  • Fitness Center
  • 3-minute walk to Lake Worth Beach Park

About This Home

As of July 2024

DIRECTLY ACROSS FROM THE BEACH with deeded access. Complete Turnkey. Beautifully renovated 2BR unit in prime Palm Beach Location near Four Seasons Resort. State of the Art eat-in kitchen with all new Bosch appliances. Split bedroom flr plan includes private guest suite. closets galore. Full Service Bldg includes 24/7 doorperson, salt water pool, fitness, clubroom, and guest rental apartment. Nearby golf, restaurants, farmers market. Best apartment at Best price! Parking -1 cov'd and 1 open prkg

Last Agent to Sell the Property

JOAN McAULEY

Windsor Properties of Palm Beach License #127604 Listed on: 06/14/2024

Last Buyer's Agent

Donald Gorbach

Gorbach Realty License #BK-3055287

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $2,155

Year Built

  • Built in 1971

Lot Details

  • East Facing Home

HOA Fees

  • $1,067 Monthly HOA Fees

Interior Spaces

  • 1,210 Sq Ft Home
  • Dining Area
  • Storage
  • Home Gym
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Parking

  • Covered Parking
  • Open Parking

Eco-Friendly Details

  • Non-Toxic Pest Control

Outdoor Features

  • Outdoor Pool
  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434423030004160

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water
  • 91 Units
  • La Palma Community
  • On-Site Maintenance
  • 6-Story Property

Amenities

  • Doorman
  • Common Area
  • Laundry Facilities
  • Elevator

Recreation

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$2,155

Year Built

Built in 1971

Lot Details

0

HOA Fees

$1,067 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: Approx. 1/4 mile south of Four Seasons Resort. Across from Lake Worth Beach
  • Building Name: La Palma
  • Year Built: 1971
  • Location Tax Legal:Name of Building: La Palma
  • Location Tax Legal:Zoned: R-D(2) - Heavy Density Residential
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 2155.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 1210.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 3200.0
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 91
  • General Property Description:_pound_ Floors: 6.0
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: 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
  • Laundry:Laundry in Building: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Intracoastal-Direct2: Yes
  • Waterfront-Unit:Ocean- Across Street2: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Oven-Single
  • Total Bedrooms: 2
  • Flooring: Tile
  • Interior Amenities: Cable, Storage, Wndw Trmnts Included, Smoke Alarms
  • Living Area: 1210.0
  • Stories: 6
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Balcony, 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

Garage/Parking

  • Parking:Open Parking: Yes
  • Parking:Covered Parking: Yes

Utilities

  • Laundry Features: Laundry in Building
  • Security: Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Exercise Facility
  • Association: Yes

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

  • Development Status: Land Owned
  • Parcel #: 50434423030004160
  • Zoning: R-D(2) - Heavy Density

Rental Info

  • Pets Other: Emotional Support

Multi Family

  • Number Of Units Total: 91
  • Maintenance Expense: 3200.0

Tax Info

  • Tax Annual Amount: 2155.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2024
Closed on
Jul 31, 2024
Sold by
Mcauley Joan
Bought by
Gorbach Donald
Seller's Agent
JOAN McAULEY
Windsor Properties of Palm Beach
Buyer's Agent
Donald Gorbach
Gorbach Realty
List Price
$650,000
Sold Price
$475,000
Premium/Discount to List
-$175,000
-26.92%
Total Days on Market
3
Views
42
Current Estimated Value
$546,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,507
Avg. Annual Appreciation
18.17%
Original Mortgage
$356,250
Outstanding Balance
$353,800
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$192,707

Purchase Details

Closed on
Jan 31, 2005
Sold by
Burlile Charles C
Bought by
Mcauley Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.54%
Mortgage Type
Credit Line Revolving
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 $475,000 None Listed On Document
Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $356,250 New Conventional
Previous Owner $104,661 Credit Line Revolving
Previous Owner $102,000 Stand Alone Second
Previous Owner $50,000 Credit Line Revolving
Previous Owner $25,000 Credit Line Revolving
Previous Owner $240,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $475,000 -26.9% $393 / Sq Ft
06/17/2024 06/17/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $650,000 -- $537 / 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 $2,236 $163,751 -- --
2023 $2,155 $158,982 $0 $0
2022 $2,134 $154,351 $0 $0
2021 $2,169 $149,855 $0 $0
2020 $2,161 $147,786 $0 $0
2019 $2,145 $144,463 $0 $0
2018 $2,038 $141,769 $0 $0
2017 $2,021 $138,853 $0 $0
2016 $1,753 $135,997 $0 $0
2015 $1,809 $135,052 $0 $0
2014 $1,814 $133,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 24-954

APN: 50-43-44-23-03-000-4160