NOT LISTED FOR SALE

3060 S Ocean Blvd Lantana, FL 33462

Estimated Value: $2,033,000 - $15,515,533

3 Beds
4 Baths
2,404 Sq Ft
$3,650/Sq Ft Est. Value

Last Sold July 11, 2023

Last sale price $16,500,000 $6,864 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $62,791/month

236 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Property has ocean access
  • 1.3 Acre Lot
  • Direct Ocean View
  • Dock has access to electricity
  • Wood Flooring

About This Home

As of July 2023

Best of both worlds! A coveted opportunity to build your dream home on the east side of A1A ! The town of Manalapan allows you to build a home on the oceanside with a 1000 SF cabana and 250 Ft of decking on the intracoastal side or the main house on intracoastal side with the cabana on the ocean side. The rectangular symmetry of this property provides an open pallet for design. A boater's dream with proximity very close to Boynton Inlet! Manalapan residents are automatically welcomed to the private La Coquille Club at The Eau Palm Beach Resort and Spa.

Last Agent to Sell the Property

SHELLY NEWMAN

The Corcoran Group License #SL 3260908 Listed on: 11/17/2022

The Corcoran Group

Last Buyer's Agent

Vince Spadea Jr.

Douglas Elliman License #SL-3423395

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,700

Year Built

  • Built in 1942

Lot Details

  • 1.3 Acre Lot
  • 200 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • Home has East and West Exposure
  • Property is zoned R1A

Parking

  • Attached Garage

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Asphalt Roof

Interior Spaces

  • 2,404 Sq Ft Home
  • Fireplace
  • Dining Room
  • Library
  • Direct Ocean Views

Kitchen

  • Single Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Dock has access to electricity
  • Dock made with wood
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Septic System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 42434510010000053

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,700

Year Built

Built in 1942

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.3
  • Lot Size: 100
  • Subdivision Name: Tropic Isle
  • Directions: Just north of Boyton Beach Inlet or just south of the magnificent 200 South Ocean Blvd. Estate
  • Architectural Style: Other Style
  • Year Built: 1942
  • Location Tax Legal:Zoned: R1A
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 20700.0
  • Location Tax Legal:Tax Year2: 2022
  • General Property Description:Living Area: 2404.0
  • General Property Description:Pool: No
  • General Property Description:Waterfront: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 100
  • Floors:Hardwood: Yes
  • General Property Description:Lot SqFt: 56628
  • Roof:Asphalt Shingle: Yes
  • HOA:None: Yes
  • Exposure:East: Yes
  • Exposure:West: Yes
  • Dock:Electric at Dock: Yes
  • Dock:Wood: Yes
  • General Property Description:Waterfront Ftg: 200.0
  • Waterfront:Intracoastal-Direct: Yes
  • Waterfront:Ocean-Direct: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Oven-Single, Microwave, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Hardwood, Tile
  • Interior Amenities: Fireplace
  • Living Area: 2404.0
  • Window Features: Other
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Lot Features: 1 to 3 Acres
  • Pool Features: No Pool
  • Pool Private: No
  • Waterfront Features: Intracoastal-Direct, Ocean-Direct
  • Waterfront: Yes
  • Construction Type: Other, Frame
  • Exterior Features: Ocean Access-Deeded
  • Patio And Porch Features: Patio/Lanai
  • Roof: Asphalt
  • Exterior Features:PatioLanai: Yes
  • Construction:Frame: Yes
  • Construction:Other Construction: Yes
  • Exterior Features:Ocean Access-Deeded: Yes

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Attached
  • Garage: Yes

Utilities

  • Security: No Security
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water/Sewer/Septic: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 56628.0
  • Parcel #: 42434510010000053
  • Zoning: R1A

Tax Info

  • Tax Annual Amount: 20700.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2022
Closed on
Jul 11, 2023
Sold by
Gerald Kent Shortz Living Trust and Utz Kathryn Bretton
Bought by
Chernett Jorey
Seller's Agent
SHELLY NEWMAN
The Corcoran Group
Buyer's Agent
Vince Spadea Jr.
Douglas Elliman
List Price
$17,900,000
Sold Price
$16,500,000
Premium/Discount to List
-$1,400,000
-7.82%
Views
71
Current Estimated Value
$8,774,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,725,733
Avg. Annual Appreciation
-23.83%
Original Mortgage
$10,725,000
Outstanding Balance
$8,968,374
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
-$194,107

Purchase Details

Closed on
Nov 12, 2009
Sold by
Shortz Md Gerald Kent
Bought by
Shortz Gerald Kent and Gerald Kent Shortz Living Trust
Source: Public Records

Range of Values:

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Average Value
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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
Chernett Jorey $16,500,000 None Listed On Document
Shortz Gerald Kent -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chernett Jorey $10,725,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2023 07/11/23 Sold $16,500,000 -7.8% $6,864 / Sq Ft
11/17/2022 11/17/22 For Sale $17,900,000 -- $7,446 / 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 $202,381 $13,250,000 -- --
2023 $167,497 $10,863,063 $10,686,080 $176,983
2022 $20,700 $1,337,997 $0 $0
2021 $20,956 $1,299,026 $0 $0
2020 $20,867 $1,281,091 $0 $0
2019 $20,615 $1,252,288 $0 $0
2018 $19,426 $1,228,938 $0 $0
2017 $19,086 $1,203,661 $0 $0
2016 $19,227 $1,178,904 $0 $0
2015 $20,046 $1,170,709 $0 $0
2014 $20,115 $1,161,418 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    SHELLY NEWMAN

    The Corcoran Group

    (612) 860-4599

    4 in this area

    15 Total Sales

    SHELLY NEWMAN
    Section Image

  • V

    Buyer's Agent in 2023

    Vince Spadea Jr.

    Douglas Elliman

    (561) 655-8600

    3 in this area

    20 Total Sales

    Vince Spadea Jr.
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 22-1685

APN: 42-43-45-10-01-000-0053

Florida Palm Beach County Lantana 33462

3060 S Ocean Blvd, Lantana, FL

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