NOT LISTED FOR SALE

2901 S Ocean Blvd Unit 5 Highland Beach, FL 33487

Estimated Value: $4,743,000 - $5,608,000

4 Beds
4.5 Baths
6,300 Sq Ft
$4,845/mo HOA Fee

Last Sold November 02, 2020

Last sale price $3,600,000 $571 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $37,754/month

210 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Fitness Center
  • Boca Raton Community Middle School Rated A-
  • Boat Ramp
  • Clubhouse

About This Home

As of November 2020

This oceanfront Penthouse spans the entire top floor of the Highlands Place Building. Take your secured elevator from the residential lobby up directly to the skylighted foyer with ocean views. Private wrap around rooftop terrace with 360 degree views of Ocean, Intracoastal, and City. This 6300 square foot Penthouse has four beds and four and half baths, combined with an over 8000 square foot terrace. So much potential to create one of the most spectacular residences in Palm Beach County. Perfectly situated in between Delray Beach and Boca Raton, enjoy the Florida lifestyle without having maintenance to worry about. Customize, transform, re-imagine! Every door and window has just been replaced with new impact glass. New deck and flooring on terraces. Single slab Imported Italian marble.

Last Agent to Sell the Property

Cheran Marek

Douglas Elliman License #677157 Listed on: 03/06/2020

Douglas Elliman

Co-Listed By

John Gluek

One Sotheby's International Realty License #3362547

Last Buyer's Agent

Matthew Dugow

Compass Florida, LLC License #3275887

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $51,749

Year Built

  • Built in 1989

Lot Details

  • Ocean Front

HOA Fees

  • $4,845 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit
  • Guest Parking
  • Assigned Parking

Home Design

  • Entry on the 12th floor

Interior Spaces

  • 6,300 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Bar
  • High Ceiling
  • Decorative Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Den
  • Closed Circuit Camera

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • In-Law or Guest Suite
  • Dual Sinks
  • Roman Tub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer
  • Laundry Tub

Outdoor Features

  • Balcony
  • Deck
  • Open Patio
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 24434633370001202

Community Details

Overview

  • Association fees include management, cable TV, insurance, legal/accounting, parking, pest control, pool(s), recreation facilities, roof, sewer, security, trash, water
  • 45 Units
  • Highlands Place Subdivision, Entire Top Floor Of Building. Floorplan
  • 12-Story Property

Amenities

  • Doorman
  • Sauna
  • Clubhouse
  • Game Room
  • Elevator
  • Bike Room

Recreation

  • Boat Ramp
  • Boating
  • Fitness Center
  • Community Pool
  • Putting Green

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$51,749

Year Built

Built in 1989

Lot Details

0

HOA Fees

$4,845 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: South Ocean Blvd, south of Linton & north of Spanish River Blvd, Oceanside.
  • Year Built: 1989
  • Entry Level: 12
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Breakfast Area, Closet Cabinetry, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Fireplace, Garden Tub/Roman Tub, High Ceilings, Split Bedrooms, Separate Shower, Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Decorative
  • Flooring: Carpet, Marble
  • Living Area: 6300.0
  • Dining Room Type: Den, Family Room, In-Law Suite, Laundry
  • Stories: 12

Exterior Features

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

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Attached, Garage, Guest, Two or More Spaces

Utilities

  • Laundry Features: Laundry Tub
  • Security: Closed Circuit Camera(s), Door Man, Smoke Detector(s)
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available

Condo/Co-op/Association

  • Association Fee: 4845.0
  • Community Features: Boat Facilities, Game Room, Non-Gated, Property Manager On-Site, Pool, Sauna
  • Senior Community: No
  • Amenities: Bike Storage, Clubhouse, Fitness Center, Management, Pool, Putting Green(s), Sauna, Trash, Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Legal/Accounting, Parking, Pest Control, Pool(s), Recreation Facilities, Roof, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 24434633370001202
  • Zoning Description: Resident
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 51749.0

Multi Family

  • Number Of Units In Community: 45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2020
Closed on
Oct 28, 2020
Sold by
Highland Beach Property Llc
Bought by
Lipscomb Bryan S and Lipscomb Karissa
Seller's Agent
Cheran Marek
Douglas Elliman
Buyer's Agent
Matthew Dugow
Compass Florida, LLC
List Price
$3,895,000
Sold Price
$3,600,000
Premium/Discount to List
-$295,000
-7.57%
Current Estimated Value
$5,200,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,600,374
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
Jun 28, 2011
Sold by
Pettinaro Verino
Bought by
Highland Beach Property Llc

Purchase Details

Closed on
Aug 3, 2007
Sold by
De Exchange Llc
Bought by
Pettinaro Verino

Purchase Details

Closed on
Jun 5, 2007
Sold by
Harvey Polly and Polly Harriett
Bought by
De Exchange Llc
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Lipscomb Bryan S $3,600,000 Attorney
Highland Beach Property Llc -- Attorney
Pettinaro Verino -- None Available
De Exchange Llc $3,500,000 Preferred Title Inc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2020 11/02/20 Sold $3,600,000 -7.6% $571 / Sq Ft
10/03/2020 10/03/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $3,895,000 -- $618 / 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 $67,622 $3,893,175 -- --
2023 $59,183 $3,539,250 $0 $0
2022 $56,461 $3,217,500 $0 $0
2021 $49,677 $2,925,000 $0 $2,925,000
2020 $50,655 $2,925,000 $0 $2,925,000
2019 $52,496 $2,950,000 $0 $2,950,000
2018 $46,943 $2,775,000 $0 $2,775,000
2017 $46,400 $2,700,000 $0 $0
2016 $48,118 $2,700,000 $0 $0
2015 $49,606 $2,650,000 $0 $0
2014 $49,796 $2,541,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cheran Marek

    Seller's Agent in 2020

    Cheran Marek

    Douglas Elliman

    (561) 870-8855

    1 in this area

    56 Total Sales

    Cheran Marek
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    John Gluek

    One Sotheby's International Realty

    (561) 278-0433

    1 in this area

    30 Total Sales

    John Gluek
    Section Image
  • Matthew Dugow

    Buyer's Agent in 2020

    Matthew Dugow

    Compass Florida, LLC

    (305) 400-9507

    1 in this area

    57 Total Sales

    Matthew Dugow
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10607148

BeachesMLS

APN: 24-43-46-33-37-000-1201

Florida Palm Beach County Highland Beach 33487

2901 S Ocean Blvd Unit 5, Highland Beach, FL

This home is located at 2901 S Ocean Blvd Unit 5, Highland Beach, FL 33487 since 06 March 2020 and is currently estimated at $5,200,374, approximately $825 per square foot. This property was built in 1989. 2901 S Ocean Blvd Unit 5 is a home located in Palm Beach County with nearby schools including J. C. Mitchell Elementary School, Boca Raton Community Middle School, and Boca Raton Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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