NOT LISTED FOR SALE

324 Cherry Ln Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $7,608,000

6 Acres
$1,356,633 Price per Acre
244,284 Sq Ft Lot

Last Sold April 17, 2012

Last sale price $9,200,000 $87 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $49,263/month

153 Days on Market

Highlights

  • Dock made with concrete
  • Palm Beach Public School Rated A-
  • Property fronts an intracoastal waterway

About This Lot

As of April 2012

A rare intracoastal building opportunity. The last remaining buildable parcel with high elevation, stunning views and complete privacy. Approx. 30,000 SF with a deep water dock built in 2006. Survey available.

Last Agent to Sell the Property

Paulette Koch

The Corcoran Group License #3068398 Listed on: 11/01/2011

The Corcoran Group

Co-Listed By

Dana Koch

The Corcoran Group License #3027862

Last Buyer's Agent

Paulette Koch

The Corcoran Group License #3068398 Listed on: 11/01/2011

The Corcoran Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $127,048

Lot Details

  • Property fronts an intracoastal waterway
  • West Facing Home
  • Cleared Lot
  • Property is zoned RB

Interior Spaces

  • 106,000 Sq Ft Home
  • Water Views

Listing and Financial Details

  • Assessor Parcel Number 50434310090000111

Community Details

Overview

  • Cherry Lane Add Subdivision

Recreation

  • Bulkhead
  • Dock made with concrete

Property Details

Property Type

Land

Est. Annual Taxes

$127,048

Lot Details

0

Listing Details

  • Property Sub Type: Single Family/Residential Estate
  • Prop. Type: Land
  • Subdivision Name: Cherry Lane Add
  • Above Grade Finished Sq Ft: 106000.0
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Taxes2: 127048.0
  • Location Tax Legal:Tax Year2: 2010
  • General Property Description:Waterfront: Yes
  • General Property Description:Lot Dim (1): 100
  • Exposure:West: Yes
  • Land Improvements:Electric Available: Yes
  • Street Type:Paved: Yes
  • WaterSewer:City Water at Site: Yes
  • WaterSewer:Sewer at Site: Yes
  • Dock:Concrete: Yes
  • Miscellaneous:Waterview: Yes
  • Miscellaneous:Land Cleared: Yes
  • Waterfront:ICW-Across Bikepath: Yes
  • Miscellaneous:SeawallBulkhead: Yes
  • Special Features: None

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Waterfront Features: ICW-Across Bikepath
  • Waterfront: Yes

Utilities

  • Utilities: Electric Available
  • Water Source: City Water at Site, Sewer at Site

Lot Info

  • Parcel #: 50434310090000111
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 127048.0
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2011
Closed on
Apr 11, 2012
Sold by
Minikes Cheryl
Bought by
700 North Lake Llc
Seller's Agent
Paulette Koch
The Corcoran Group
Buyer's Agent
Paulette Koch
The Corcoran Group
List Price
$9,200,000
Sold Price
$9,200,000
Current Estimated Value
$7,608,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,592,000
Avg. Annual Appreciation
-2.49%

Purchase Details

Closed on
May 12, 2006
Sold by
Beaty Keith D and Beaty Linda L
Bought by
Minikes Cheryl

Purchase Details

Closed on
Jan 6, 2006
Sold by
Fisher Joyce C and Joyce C Fisher Revocable Trust
Bought by
700 North Lake Llc

Purchase Details

Closed on
Mar 15, 2005
Sold by
Peterson Eleanor
Bought by
Beaty Keith D

Purchase Details

Closed on
Feb 23, 2005
Sold by
Reeve Lawrence R
Bought by
Beaty Keith

Purchase Details

Closed on
Jun 20, 1996
Sold by
Reeve Eleanor W
Bought by
Reeve Eleanor W
Source: Public Records

Range of Values:

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Average Value
Not Available
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
700 North Lake Llc $9,200,000 Attorney
Minikes Cheryl $11,700,000 --
700 North Lake Llc $50,000,000 None Available
Beaty Keith D -- --
Beaty Keith D $7,800,000 --
Beaty Keith -- --
Reeve Eleanor W $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 700 North Lake Llc $100,000
Previous Owner Minikes Cheryl $3,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2012 04/17/12 Sold $9,200,000 0.0% $87 / Sq Ft
04/02/2012 04/02/12 Pending -- -- --
11/01/2011 11/01/11 For Sale $9,200,000 -- $87 / 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 $1,646,623 $109,722,793 -- --
2023 $1,620,292 $107,017,742 $103,633,613 $3,384,129
2022 $1,645,068 $98,970,983 $0 $0
2021 $1,568,353 $103,573,221 $100,553,190 $3,020,031
2020 $1,363,923 $81,794,201 $77,540,000 $4,254,201
2019 $1,381,000 $81,107,265 $76,300,000 $4,807,265
2018 $1,223,716 $74,293,195 $69,823,411 $4,469,784
2017 $1,206,051 $77,624,137 $73,498,327 $4,125,810
2016 $1,170,094 $61,231,733 $0 $0
2015 $1,068,946 $55,665,212 $0 $0
2014 $916,688 $50,488,698 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2012

    Paulette Koch

    The Corcoran Group

    (561) 227-4416

    53 in this area

    144 Total Sales

    Section Image
  • Dana Koch

    Seller Co-Listing Agent in 2012

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    69 in this area

    229 Total Sales

    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 11-1037

APN: 50-43-43-10-09-000-0111

Florida Palm Beach County Palm Beach 33480 North End

324 Cherry Ln, Palm Beach, FL

This home is located at 324 Cherry Ln, Palm Beach, FL 33480 since 01 November 2011 and is currently estimated at $7,608,000, approximately $71 per square foot. 324 Cherry Ln is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

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