$475,000
SOLD APR 8, 2020

La Palma 2860 S Ocean Blvd Unit 5060 Palm Beach, FL 33480

3 Beds
2 Baths
1,668 Sq Ft
$1,147/mo HOA Fee

Recently Sold

$285 Per Sq Ft

6 Days on Market

Highlights

  • Doorman
  • Lake Front
  • Fitness Center
  • Palm Beach Public School Rated A-
  • Property has ocean access
  • 3-minute walk to Lake Worth Beach Park

About This Home

As of April 2024

Gorgeous DIRECT UNOBSTRUCTED Intracoastal views - Amazing! 3 Bedroom 2 bath with spacious dining room. Off the kitchen is a door that leads directly to the terrace. Beautiful DIRECT Intracoastal views - absolutely GORGEOUS!!! Exceptional value, 1 of a kind unit. Open to showings. This unit will sell FAST!!! Needs a little TLC - decorate it just the way you want.

Last Agent to Sell the Property

JOAN McAULEY

Windsor Properties of Palm Beach License #127604 Listed on: 03/02/2020

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $5,106

Year Built

  • Built in 1971

Lot Details

  • Southwest Facing Home
  • Sprinkler System

HOA Fees

  • $1,147 Monthly HOA Fees

Interior Spaces

  • 1,668 Sq Ft Home
  • Dining Room
  • Storage
  • Tile Flooring
  • Hurricane or Storm Shutters

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Covered Parking
  • Open Parking

Eco-Friendly Details

  • Non-Toxic Pest Control

Pool

  • Outdoor Pool
  • Heated Pool

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434423030005060

Community Details

Overview

  • Association fees include insurance, cable TV, trash, pest control, sewer, water
  • 91 Units
  • La Palma Community
  • 6-Story Property

Amenities

  • Doorman
  • Laundry Facilities
  • Elevator

Recreation

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$5,106

Year Built

Built in 1971

Lot Details

0

HOA Fees

$1,147 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: La Palma
  • Year Built: 1971
  • Location Tax Legal:Name of Building: La Palma
  • Location Tax Legal:Zoned: RD-1
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 5106.0
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 1668.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 3442.28
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 91
  • General Property Description:_pound_ Floors: 6.0
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: Yes
  • Exposure of Unit:South2: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Laundry:Laundry in Building: Yes
  • Exposure of Unit:West2: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Lakefront2: Yes
  • Pool:Heated Elec: Yes
  • Waterfront-Unit:Intracoastal-Direct3: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Oven-Double, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 3
  • Flooring: Tile, Other Flooring
  • Interior Amenities: Cable, Storage, Wndw Trmnts Included
  • Living Area: 1668.0
  • Stories: 6
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Appliances:Oven-Double: Yes

Exterior Features

  • Pool Features: Heated Elec
  • Pool Private: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Exterior Features: Balcony, Sprinkler System, Storm Shutters- Auto, Elevator, Lobby, Ocean Acc-Not Deeded
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Ocean Acc-Not Deeded: Yes
  • Exterior Features:Storm Shutters- Auto: Yes

Garage/Parking

  • Parking:_one_ Car2: Yes
  • 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, Trash, Pest Control, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434423030005060
  • Zoning: RD-1

Multi Family

  • Number Of Units Total: 91
  • Maintenance Expense: 3442.28

Tax Info

  • Tax Annual Amount: 5106.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2024
Closed on
Apr 10, 2024
Sold by
Maryann Petrides Revocable Trust and Petrides Maryann
Bought by
Hecht Leon
Seller's Agent
guy clark
Douglas Elliman
Buyer's Agent
Joan Wenzel
Douglas Elliman
List Price
$1,295,000
Sold Price
$1,400,000
Premium/Discount to List
$105,000
8.11%
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.98%

Purchase Details

Closed on
Aug 24, 2022
Sold by
Maryann Petrides
Bought by
Mary Ann Petrides Revocable Trust

Purchase Details

Listed on
Mar 2, 2020
Closed on
Apr 11, 2020
Sold by
Shamash Donald
Bought by
Petrides Maryann
Seller's Agent
JOAN McAULEY
Windsor Properties of Palm Beach
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.42%
Original Mortgage
$356,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2018
Sold by
Shamash Donald and Will Of David Shamash
Bought by
Shamash Donald

Purchase Details

Closed on
Apr 27, 2018
Sold by
Driscoll David C and Estate Of David Shamash
Bought by
Shamash Donald and Family Trust Under The Will Of
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 $1,400,000 None Listed On Document
Warranty Deed -- --
Warranty Deed $475,000 First International Ttl Inc
Deed Of Distribution -- Attorney
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $356,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Price Changed $1,325,000 -5.0% $794 / Sq Ft
02/26/2025 02/26/25 Price Changed $1,395,000 -6.1% $836 / Sq Ft
02/03/2025 02/03/25 Price Changed $1,485,000 -3.3% $890 / Sq Ft
01/03/2025 01/03/25 For Sale $1,535,000 +9.6% $920 / Sq Ft
04/10/2024 04/10/24 Sold $1,400,000 +8.1% $839 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
03/02/2024 03/02/24 For Sale $1,295,000 +172.6% $776 / Sq Ft
04/08/2020 04/08/20 Sold $475,000 0.0% $285 / Sq Ft
03/08/2020 03/08/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $475,000 -- $285 / 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 $12,881 $879,611 -- --
2023 $14,018 $910,000 $0 $910,000
2022 $4,680 $318,695 $0 $0
2021 $4,758 $309,413 $0 $0
2020 $5,024 $282,000 $0 $282,000
2019 $5,125 $282,000 $0 $282,000
2018 $4,973 $282,000 $0 $282,000
2017 $5,069 $282,000 $0 $0
2016 $4,775 $272,000 $0 $0
2015 $4,743 $257,400 $0 $0
2014 $4,346 $234,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-433

APN: 50-43-44-23-03-000-5060