$4,125,000
SOLD JUN 30, 2021
3 Beds
3 Baths
2,966 Sq Ft
$4,550/mo HOA Fee

Recently Sold

$1,391 Per Sq Ft

1,863 Days on Market

Highlights

  • Doorman
  • Docks
  • Gas Heated Pool
  • Palm Beach Public School Rated A-
  • Property fronts an intracoastal waterway
  • Marble Flooring

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: 04/15/2016

Last Buyer's Agent

Linda R Olsson

Linda R. Olsson Inc. License #BK432027

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $46,228

Year Built

  • Built in 2002

Lot Details

  • Property fronts an intracoastal waterway
  • Home has sun exposure from multiple directions

HOA Fees

  • $4,550 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 2,966 Sq Ft Home
  • Window Treatments
  • Dining Area
  • Utility Room
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Single Convection Oven
  • Electric Range
  • Microwave
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Eco-Friendly Details

  • Non-Toxic Pest Control

Pool

Outdoor Features

  • Docks
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434315370000033

Community Details

Overview

  • Association fees include insurance, common area, maintenance exterior, trash, pest control
  • 14 Units
  • Il Lugano Community
  • On-Site Maintenance
  • 6-Story Property

Amenities

  • Doorman
  • Common Area
  • Lobby
  • Elevator

Recreation

  • Bike Trail
  • Gas Heated Pool
  • Outdoor Pool

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$46,228

Year Built

Built in 2002

Lot Details

0

HOA Fees

$4,550 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: Il Lugano
  • Year Built: 2002
  • Location Tax Legal:Name of Building: Il Lugano
  • Location Tax Legal:Zoned: 0400
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 46228.0
  • Location Tax Legal:Tax Year2: 2015
  • General Property Description:Living Area: 2966.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • General Property Description:Maintenance Amount: 13649.35
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 14
  • General Property Description:_pound_ Floors: 6.0
  • Exposure of Unit:East2: Yes
  • Exposure of Unit:South2: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Exposure of Unit:North2: Yes
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Waterfront-Unit:ICW-Across Bike Path2: Yes
  • Dock:Dock Space Available: Yes
  • Waterfront-Building:ICW-Across Bike Path: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Freezer, Oven-Single, Oven-Convection, Microwave, Washer, Dryer, Range - Electric
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Hardwood, Marble, W/W Carpeting
  • Interior Amenities: Cable, Wndw Trmnts Included, Smoke Alarms, Pantry
  • Living Area: 2966.0
  • Stories: 6
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Oven-Convection: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool, Heated Gas
  • Pool Private: Yes
  • Exterior Features: Balcony, Elevator, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Lobby: Yes

Garage/Parking

  • Parking:Garage2: Yes

Utilities

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

Condo/Co-op/Association

  • Amenities: Full Time Manager, Other Services
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Common Area, Maintenance Exterior, Trash, Pest Control

Lot Info

  • Development Status: Land Owned
  • Parcel #: 50434315370000033
  • Zoning: 0400

Multi Family

  • Number Of Units Total: 14
  • Maintenance Expense: 13649.35

Tax Info

  • Tax Annual Amount: 46228.0
  • Tax Year: 2015

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%
Current Estimated Value
$7,339,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,214,995
Avg. Annual Appreciation
16.23%

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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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 $4,125,000 Attorney
Warranty Deed -- Accommodation
Special Warranty Deed $2,000,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 New Conventional
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: 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 $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: Palm Beach Board of REALTORS®

MLS Number: 16-924

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