NOT LISTED FOR SALE

Estimated Value: $5,701,000 - $8,461,000

3 Beds
3.5 Baths
2,966 Sq Ft
$4,550/mo HOA Fee

Last Sold June 30, 2021

Last sale price $4,125,000 $1,391 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $48,893/month

1,829 Days on Market

Highlights

  • Fitness Center
  • Marble Flooring
  • Eat-In Kitchen
  • Palm Beach Public School Rated A-
  • Community Pool
  • Built-In Features

About This Home

As of June 2021

Beautiful, rarely available 3BR/3.1BA Il Lugano condo with gorgeous, rich finishes, hardwood flooring, and three covered balconies. Highlights include personal boat dock, high ceilings, open floor plan, and over 3,000 total square feet. Perfect for entertaining with private elevator vestibule which opens to formal entrance hall and oversized great room. Kitchen features breakfast room, granite countertops, and marble flooring. Spacious Owner's Suite with built-ins, large bath, and three walk-in closets. Il Lugano features full time manager and pool. Excellent In-Town location. To be sold As Is. All sizes approximate and subject to errors and verification. Capital contribution of 1% to be paid by buyer. Sq. Ft. per floor plan technician and subject to errors and verification.

Last Agent to Sell the Property

Christian Angle

Christian Angle Real Estate License #703536 Listed on: 05/27/2016

Last Buyer's Agent

Linda R Olsson

Linda R. Olsson, Inc. License #432027

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $46,228

Year Built

  • Built in 2002

Lot Details

  • 1

HOA Fees

  • $4,550 per month

Parking

  • 1 Car Garage

Interior Spaces

  • 2,966 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Entrance Foyer
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434315370000033

Community Details

Overview

  • Il Lugano Condo Subdivision
  • 6-Story Property

Recreation

  • Fitness Center
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$46,228

Year Built

Built in 2002

Lot Details

0

HOA Fees

$4,550 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Call LO
  • Year Built: 2002
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Entrance Foyer, Eat-in Kitchen, Elevator, Living/Dining Room, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Marble, Wood
  • Living Area: 2966.0
  • Dining Room Type: Laundry
  • Stories: 6

Exterior Features

  • Pool Features: None, Association, Community
  • Waterfront Features: Dock Access
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated, Pool
  • Senior Community: No
  • Amenities: Fitness Center, Pool

Lot Info

  • Parcel #: 50434315370000033
  • Zoning Description: R-D(2)
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 46228.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2016
Closed on
Jun 28, 2021
Sold by
Bobs Lugano Investment Llc
Bought by
Zmijewski Leonard and Leonard Zmijewski Revocable Tr
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Linda R Olsson
Linda R. Olsson, Inc.
List Price
$6,750,000
Sold Price
$4,125,000
Premium/Discount to List
-$2,625,000
-38.89%
Total Days on Market
1829
Current Estimated Value
$6,852,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,727,540
Avg. Annual Appreciation
13.79%

Purchase Details

Closed on
Dec 23, 2020
Sold by
Morrow Robert
Bought by
Bobs Lugano Investment Llc

Purchase Details

Closed on
May 15, 2002
Sold by
Csc Palm Beach Ltd Partnership
Bought by
Morrow Robert
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 Buyer Sale Price Title Company
Zmijewski Leonard $4,125,000 Attorney
Bobs Lugano Investment Llc -- Accommodation
Morrow Robert $2,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leonard Zmijewski Revocable Tr $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $4,125,000 0.0% $1,391 / Sq Ft
06/30/2021 06/30/21 Sold $4,125,000 +22816.7% $1,391 / Sq Ft
05/31/2021 05/31/21 Pending -- -- --
05/22/2021 05/22/21 Pending -- -- --
06/15/2020 06/15/20 Rented $18,000 -10.0% --
05/16/2020 05/16/20 Under Contract -- -- --
05/04/2020 05/04/20 For Rent $20,000 0.0% --
05/27/2016 05/27/16 For Sale $6,750,000 +63.6% $2,276 / Sq Ft
04/15/2016 04/15/16 For Sale $4,125,000 -- $1,391 / 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 $72,279 $4,871,305 -- --
2023 $70,671 $4,720,490 $0 $0
2022 $70,793 $4,583,000 $0 $0
2021 $71,532 $4,383,000 $0 $4,383,000
2020 $69,406 $4,183,000 $0 $4,183,000
2019 $68,269 $4,183,000 $0 $4,183,000
2018 $62,510 $4,183,000 $0 $4,183,000
2017 $60,708 $4,183,000 $0 $0
2016 $59,458 $2,940,500 $0 $0
2015 $46,228 $2,575,000 $0 $0
2014 $46,826 $2,575,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10238578

BeachesMLS

APN: 50-43-43-15-37-000-0033