R
Seller's Agent in 2024
Richard True
The Corcoran Group
(561) 655-9081
2 Total Sales
323 Chilean Ave Palm Beach, FL 33480
4
Beds
5
Baths
5,200
Sq Ft
9,583
Sq Ft Lot
Highlights
- Guest House
- Cabana
- Garage Apartment
- Palm Beach Public School Rated A-
- New Construction
- Waterfront
About This Home
As of December 2024Welcome to 323 Chilean Avenue, a true masterpiece nestled in the serene heart of Palm Beach. This iconic property has been meticulously reimagined using cutting-edge construction techniques, showcasing the perfect blend of luxury and sophistication. Spanning an expansive 5,200 square feet, the main residence and guest house boast four bedrooms, 4.5 bathrooms, a functional office, and a cozy family room. The guest house features a bedroom/office, full bathroom, a unique cabana bath, an elegant outdoor shower and two car garage. This stunning property seamlessly integrates innovative technology, offering every essential amenity, including a whole-house generator and electric vehicle charging station. To complete the ultimate living experience, the property is presented fully furnished, ready for you to move in and enjoy.
Last Agent to Sell the Property
The Corcoran Group License #3221820 Listed on: 09/10/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $77,797
Year Built
- Built in 2024 | New Construction
Lot Details
- 9,583 Sq Ft Lot
- Waterfront
- South Facing Home
- Property is zoned SF14
Home Design
- Barrel Roof Shape
- Concrete Block And Stucco Construction
Interior Spaces
- 5,200 Sq Ft Home
- 2-Story Property
- Fireplace
- Dining Area
- Library
- Storage
- Utility Room
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Double Oven
- Gas Range
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- High Impact Windows
- High Impact Door
- Fire and Smoke Detector
Parking
- Detached Garage
- Garage Apartment
Pool
- Cabana
- Outdoor Pool
Outdoor Features
- Patio
- Lanai
Additional Features
- Guest House
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Royal Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434323050060420
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 10, 2024
Closed on
Dec 16, 2024
Sold by
323 Chilean Llc
Bought by
323 Chilean Pb Llc
Seller's Agent
Richard True
The Corcoran Group
Buyer's Agent
John Cregan
Sotheby's International Realty, Inc.
List Price
$22,995,000
Sold Price
$19,500,000
Premium/Discount to List
-$3,495,000
-15.2%
Views
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,654,089
Avg. Annual Appreciation
-54.74%
Purchase Details
Closed on
Oct 18, 2023
Sold by
True Richard Cushing and 323 Chilean Revocable Trust
Bought by
323 Chilean Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500,000
Interest Rate
7.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 6, 2023
Sold by
Courchene Development Corporation
Bought by
323 Chilean Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
6.27%
Purchase Details
Listed on
Apr 12, 2019
Closed on
Jan 11, 2021
Sold by
Gilbert Mark D and Gilbert Nancy B
Bought by
Courchene Development Corporation
Seller's Agent
JIM McCANN
Premier Estate Properties, Inc. - Palm Beach
Buyer's Agent
JAMES MCCANN
THE CORCORAN GROUP
List Price
$2,600,000
Sold Price
$2,600,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.78%
Purchase Details
Closed on
Dec 21, 2015
Sold by
Danbeth Llc
Bought by
Gilbert Mark D and Gilbert Nancy B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Dec 10, 2014
Closed on
Jun 8, 2015
Sold by
Kane David P
Bought by
Danbeth Llc
Seller's Agent
DANA SILLIMAN
KELLER WILLIAMS REALTY LUXURY HOME DIVISION
Buyer's Agent
Martin List
Robert E. List Company
List Price
$2,325,000
Sold Price
$2,325,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.18%
Purchase Details
Closed on
Aug 30, 1995
Sold by
Cinque Gay
Bought by
Kane David P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,750
Interest Rate
7.76%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $19,500,000 | None Listed On Document | |
| Warranty Deed | $5,044,609 | None Listed On Document | |
| Warranty Deed | $7,960,818 | Patch Reef Title | |
| Warranty Deed | $7,960,818 | Patch Reef Title | |
| Warranty Deed | $2,600,000 | Attorney | |
| Quit Claim Deed | -- | Mortgage Information Svcs In | |
| Warranty Deed | $2,325,000 | First American Title Ins Co | |
| Warranty Deed | $443,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $7,500,000 | New Conventional | |
| Previous Owner | $2,500,000 | No Value Available | |
| Previous Owner | $2,500,000 | New Conventional | |
| Previous Owner | $750,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $343,750 | No Value Available | |
| Closed | $2,500,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/17/2024 12/17/24 | Sold | $19,500,000 | -15.2% | $3,750 / Sq Ft |
| 11/26/2024 11/26/24 | Pending | -- | -- | -- |
| 09/10/2024 09/10/24 | For Sale | $22,995,000 | +784.4% | $4,422 / Sq Ft |
| 01/11/2021 01/11/21 | Sold | $2,600,000 | 0.0% | $673 / Sq Ft |
| 09/22/2020 09/22/20 | Pending | -- | -- | -- |
| 04/12/2019 04/12/19 | For Sale | $2,600,000 | +11.8% | $673 / Sq Ft |
| 06/08/2015 06/08/15 | Sold | $2,325,000 | 0.0% | $842 / Sq Ft |
| 06/08/2015 06/08/15 | Sold | $2,325,000 | 0.0% | $842 / Sq Ft |
| 05/09/2015 05/09/15 | Pending | -- | -- | -- |
| 02/10/2015 02/10/15 | Pending | -- | -- | -- |
| 12/10/2014 12/10/14 | For Sale | $2,325,000 | -10.5% | $842 / Sq Ft |
| 01/02/2014 01/02/14 | For Sale | $2,599,000 | -- | $942 / Sq Ft |
Source: Palm Beach Board of REALTORS®
Tax History Compared to Growth
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 | $100,400 | $7,140,834 | -- | -- |
| 2023 | $77,797 | $3,744,541 | $0 | $0 |
| 2022 | $53,612 | $3,404,128 | $0 | $0 |
| 2021 | $40,697 | $2,497,738 | $2,475,000 | $22,738 |
| 2020 | $37,798 | $2,289,351 | $2,100,000 | $189,351 |
| 2019 | $34,555 | $1,996,996 | $1,900,000 | $96,996 |
| 2018 | $36,348 | $2,182,305 | $1,957,332 | $224,973 |
| 2017 | $33,732 | $1,970,770 | $1,779,393 | $191,377 |
| 2016 | $33,228 | $1,921,975 | $0 | $0 |
| 2015 | $7,750 | $462,613 | $0 | $0 |
| 2014 | $7,785 | $458,941 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Richard True
-
John Cregan
Buyer's Agent in 2024
John Cregan
Sotheby's International Realty, Inc.
(847) 651-7210
57 Total Sales
-
JIM McCANN
J
Seller's Agent in 2021
JIM McCANN
Premier Estate Properties, Inc. - Palm Beach
(561) 307-1525
71 Total Sales
-
J
Buyer's Agent in 2021
JAMES MCCANN
THE CORCORAN GROUP
-
D
Seller's Agent in 2015
DANA SILLIMAN
KELLER WILLIAMS REALTY LUXURY HOME DIVISION
-
Martin List
M
Buyer's Agent in 2015
Martin List
Robert E. List Company
(561) 655-7150
2 Total Sales
Map
Source: Palm Beach Board of REALTORS®
MLS Number: 24-1287
APN: 50-43-43-23-05-006-0420
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