$5,000,000
SOLD SEP 18, 2018

Three Thousand South 3000 S Ocean Blvd Unit 503/504 Palm Beach, FL 33480

5 Beds
6 Baths
7,140 Sq Ft
$7,982/mo HOA Fee

Recently Sold

$700 Per Sq Ft

514 Days on Market

Highlights

  • Direct Ocean View
  • Fitness Center
  • Waterfront
  • Palm Beach Public School Rated A-
  • Pool and Spa
  • 4-minute walk to Lake Worth Beach Park

About This Home

As of September 2018

Newly renovated contemporary oceanfront unit with over 7000 sq. ft. living space. Commanding ocean views from this gorgeous 5BR/6.2BA condominium with large ocean facing terraces. Rare double unit with library, media room, gourmet kitchen, and 6 parking spaces. Full service building includes pool, spas, exercise room, and full time manager.

Last Agent to Sell the Property

Christian Angle

Christian Angle Real Estate License #703536 Listed on: 03/29/2017

Last Buyer's Agent

Linda R Olsson

Linda R. Olsson Inc. License #BK432027

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $73,724

Year Built

  • Built in 2006

Lot Details

  • Waterfront
  • Gated Home

HOA Fees

  • $7,982 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 7,140 Sq Ft Home
  • Wet Bar
  • Sound System
  • Ceiling Fan
  • Window Treatments
  • Dining Room
  • Library
  • Storage
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Double Convection Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Trash Compactor
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Pool and Spa
  • Gas Heated Pool
  • Outdoor Pool

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Additional Features

  • Non-Toxic Pest Control
  • Balcony

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number See remarks

Community Details

Overview

  • Association fees include insurance, common area, maintenance exterior, trash, pest control, sewer, water
  • 36 Units
  • Bellaria Community
  • On-Site Maintenance
  • 6-Story Property

Amenities

  • Common Area
  • Elevator

Recreation

Pet Policy

  • Pet Restriction

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$73,724

Year Built

Built in 2006

Lot Details

0

HOA Fees

$7,982 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: Bellaria
  • Year Built: 2006
  • Location Tax Legal:Name of Building: Bellaria
  • Location Tax Legal:Zoned: 0400
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 73724.0
  • Location Tax Legal:Tax Year2: 2016
  • General Property Description:Living Area: 7140.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 23946.4
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 36
  • General Property Description:_pound_ Floors: 6.0
  • Waterfront-Building:Ocean - Direct: 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:Security System: 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
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Security:Gate House: Yes
  • Security:Security Guards: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Waterfront-Unit:Ocean - Direct2: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Instant Hot Water, Oven-Double, Oven-Convection, Microwave, Washer, Dryer, Trash Compactor, Range - Gas
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Hardwood, Marble
  • Interior Amenities: Cable, Ceiling Fan, Sound System, Storage, Wet Bar, Wndw Trmnts Included, Smoke Alarms
  • Living Area: 7140.0
  • Stories: 6
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:Oven-Convection: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Ceiling Fan: Yes
  • Appliances:Oven-Double: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Interior Features:Sound System: Yes
  • Appliances:Instant Hot Water: Yes
  • Appliances:Trash Compactor: Yes

Exterior Features

  • Pool Features: Pool, Spa, Fresh Water, Heated Gas
  • Pool Private: Yes
  • Exterior Features: Balcony, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Pool/Spa: Yes

Garage/Parking

  • Parking:Garage2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Gate House, Security Guards, Security System
  • Heating: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Condo/Co-op/Association

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

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

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

Lot Info

  • Development Status: Land Owned
  • Parcel #: See remarks
  • Zoning: 0400

Multi Family

  • Number Of Units Total: 36
  • Maintenance Expense: 23946.4

Tax Info

  • Tax Annual Amount: 73724.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2017
Closed on
Sep 14, 2018
Sold by
Davidson Theresa
Bought by
Azzi Pierre E and Perseverance Holdings Trust
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Linda R Olsson
Linda R. Olsson Inc.
List Price
$5,000,000
Sold Price
$5,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%

Purchase Details

Closed on
Apr 13, 2015
Sold by
Davidson Charles and Davidson Theresa
Bought by
Davidson Theresa

Purchase Details

Closed on
Apr 10, 2015
Sold by
Tt 3000 South Ocean Blvd Llc
Bought by
Davidson Theresa

Purchase Details

Closed on
Jul 30, 2010
Sold by
Freeman Robert and Freeman Anita
Bought by
Davidson Charles and Davidson Theresa

Purchase Details

Closed on
Dec 6, 2006
Sold by
Premier Palm Beach Lp
Bought by
Freeman Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
1%
Mortgage Type
Negative Amortization
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 $5,000,000 Attorney
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Warranty Deed $1,950,000 Olympia Title Inc
Special Warranty Deed $1,960,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,500,000 New Conventional
Previous Owner $1,470,000 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2025 01/07/25 For Sale $9,995,000 +99.9% $1,379 / Sq Ft
09/18/2018 09/18/18 Sold $5,000,000 0.0% $700 / Sq Ft
08/25/2018 08/25/18 Pending -- -- --
03/29/2017 03/29/17 For Sale $5,000,000 -- $700 / 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 $68,404 $4,598,304 -- --
2023 $66,994 $4,464,373 $0 $0
2022 $67,107 $4,334,343 $0 $0
2021 $68,241 $4,208,100 $0 $0
2020 $68,396 $4,150,000 $0 $4,150,000
2019 $69,839 $4,150,000 $0 $4,150,000
2018 $75,569 $4,600,000 $0 $4,600,000
2017 $80,963 $4,850,000 $0 $0
2016 $33,723 $1,955,000 $0 $0
2015 $35,121 $1,955,000 $0 $0
2014 $32,999 $1,813,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 17-843

APN: 50-43-44-26-11-014-5030