NOT LISTED FOR SALE

Estimated Value: $8,558,000 - $24,520,319

5 Beds
7 Baths
8,022 Sq Ft
$2,062/Sq Ft Est. Value

Last Sold February 14, 2012

Last sale price $10,350,000 $1,290 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $104,969/month

136 Days on Market

Highlights

  • Wine Room
  • Home Theater
  • Gas Heated Pool
  • Palm Beach Public School Rated A-
  • Newly Remodeled
  • Waterfront

About This Home

As of February 2012

Elegant Georgian estate residence offers a 4,000 bottle wine cellar, billiard room & media theatre giving a modern touch to its overall traditional style. Beautifully designed by Tom Kirchhoff with quality construction by Hugh Davis, the home has 13+' elevation. The 50' pool and gracious gardens are surrounded by outdoor loggias off the living room, family room and well equipped gym.

Last Agent to Sell the Property

JAMES McCANN

The Corcoran Group Listed on: 09/16/2011

Last Buyer's Agent

Carole Hogan

Brown Harris Stevens of Palm Beach 5225 License #535238

Brown Harris Stevens of Palm Beach 5225

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $118,982

Year Built

  • Built in 2002 | Newly Remodeled

Lot Details

  • Waterfront
  • North Facing Home
  • Sprinkler System
  • Property is zoned RB

Parking

  • 3 Car Garage

Home Design

  • Poured Concrete
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,022 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Sound System
  • Ceiling Fan
  • Fireplace
  • Wine Room
  • Dining Room
  • Home Theater
  • Library
  • Storage
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms
  • Bidet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Impact Glass

Pool

  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Attached Grill

Utilities

  • Zoned Heating and Cooling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Mark Rafalsky Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434310040001090

Home Details

Home Type

Single Family

Est. Annual Taxes

$118,982

Year Built

Built in 2002 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 200
  • Subdivision Name: Mark Rafalsky
  • Architectural Style: Three + Story, Other Style
  • Garage Yn: Yes
  • Year Built: 2002
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 118982.0
  • Location Tax Legal:Tax Year2: 2011
  • General Property Description:Living Area: 8022.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 200
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:WW Carpeting: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Windows:Impact Glass - Full: Yes
  • WaterSewer:City Water: Yes
  • Style:Three Story: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Windows:Impact Glass: Yes
  • ACHeat:Multi Zone Air: Yes
  • Floors:StoneBrick: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Range-Gas, Oven-Double, Microwave, Washer, Dryer
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Hardwood, Stone/Brick, W/W Carpeting
  • Interior Amenities: Bidet, Cable, Ceiling Fan, Elevator, Fireplace, Intercom, Sound System, Storage, Wet Bar, Wine Rm/Temp-Control
  • Living Area: 8022.0
  • Window Features: Impact Glass, Impact Glass-Full
  • Interior Features:Storage: 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
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: Yes
  • Interior Features:Bidet: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Interior Features:Sound System: Yes
  • Other Rooms:Media Room: Yes
  • Interior Features:Intercom: Yes
  • Interior Features:Wine RmTemp-Control: Yes
  • Other Rooms:Exercise Room: Yes

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Pool Features: Pool, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco, New Construction, Poured Concrete
  • Exterior Features: Built-in Grill, Sprinkler System
  • Roof: Cement Tile
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:Built-in Grill: Yes
  • Construction:New Construction: Yes
  • Construction:Poured Concrete: Yes

Garage/Parking

  • Parking Features: 3 Car, Air Conditioned
  • Garage:_three_ Car: Yes
  • Garage:Air Conditioned: Yes

Utilities

  • Security: Security System
  • Heating: Central Air, Central Heat, Multi Zone Air
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Parcel #: 50434310040001090
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 118982.0
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2015
Sold by
Smith Thomas and Smith Diane
Bought by
Smith Thomas W
Total Days on Market
136
Current Estimated Value
$16,539,160

Purchase Details

Listed on
Sep 16, 2011
Closed on
Feb 14, 2012
Sold by
Lambert David G
Bought by
Smith Thomas and Smith Diane
Seller's Agent
JAMES McCANN
The Corcoran Group
Buyer's Agent
Carole Hogan
Brown Harris Stevens of Palm Beach 5225
List Price
$10,350,000
Sold Price
$10,350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.31%

Purchase Details

Closed on
Apr 21, 2000
Sold by
Boston Homes Inc
Bought by
Lambert David G

Purchase Details

Closed on
Dec 9, 1997
Sold by
Joyce Thomas M and Joyce Lois B
Bought by
Boston Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 1997
Sold by
Le Miriam Gilpatric
Bought by
Joyce Thomas M and Joyce Lois B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
7.43%
Mortgage Type
New Conventional
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
Smith Thomas W -- None Available
Smith Thomas $10,350,000 Attorney
Lambert David G $2,450,000 --
Boston Homes Inc $1,400,000 --
Joyce Thomas M $100 --
Joyce Thomas M $1,450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lambert David G $500,000
Previous Owner Joyce Thomas M $1,050,000
Previous Owner Joyce Thomas M $875,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2012 02/14/12 Sold $10,350,000 0.0% $1,290 / Sq Ft
01/30/2012 01/30/12 Pending -- -- --
09/16/2011 09/16/11 For Sale $10,350,000 -- $1,290 / 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 $145,526 $9,711,948 -- --
2023 $142,514 $9,429,076 $0 $0
2022 $142,646 $9,145,656 $0 $0
2021 $145,112 $8,879,278 $0 $0
2020 $145,442 $8,756,684 $0 $0
2019 $145,181 $8,559,808 $0 $0
2018 $137,921 $8,400,204 $0 $0
2017 $138,018 $8,227,428 $0 $0
2016 $138,089 $8,058,206 $0 $0
2015 $142,821 $8,002,191 $0 $0
2014 $143,512 $7,938,682 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 11-1941

APN: 50-43-43-10-04-000-1090