$3,000,000
SOLD FEB 26, 2021

328 Chilean Ave Palm Beach, FL 33480

4 Beds
3 Baths
2,568 Sq Ft
$1,242/mo HOA Fee

Recently Sold

$1,168 Per Sq Ft

0 Day on Market

Highlights

  • Cabana
  • Wood Flooring
  • Wine Refrigerator
  • Palm Beach Public School Rated A-
  • Lanai
  • Fireplace

About This Home

As of May 2025

Sitting in the heart of town and just steps away from Worth Avenue. This beautifully updated Townhome is full of Palm Beach charm. With 4 Bedrooms and 3.5 Bathrooms and detailed features such as the barrel ceilinged living room, a chef's kitchen, hardwood floors, and lush tropical landscaping surrounding the sun drenched courtyard and heated spa. The detached guest cabana has telescoping sliding doors providing a beautiful area for outdoor entertainment. Meticulously kept and being offered fully furnished, this is home is truly turnkey and ready for season. Walk to the beach, the lake trail, or one of the many restaurants just blocks away. Only 5.5 miles from Palm Beach International Airport.

Last Agent to Sell the Property

Adam McPherson

Douglas Elliman License #SL-3331204 Listed on: 02/23/2021

Douglas Elliman

Co-Listed By

Paul Bergman

Douglas Elliman License #SL-3248699

Last Buyer's Agent

Adam McPherson

Douglas Elliman License #SL-3331204 Listed on: 02/23/2021

Douglas Elliman

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $32,410

Year Built

  • Built in 1924

HOA Fees

  • $1,242 Monthly HOA Fees

Interior Spaces

  • 2,568 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Dining Area
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters

Parking

  • Garage
  • No Garage

Pool

  • Cabana
  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Community Details

  • Chilean Condominium Community

Listing and Financial Details

  • Assessor Parcel Number 50434327800003280

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$32,410

Year Built

Built in 1924

Lot Details

0

HOA Fees

$1,242 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: Chilean Condominium
  • Garage Yn: Yes
  • Year Built: 1924
  • Location Tax Legal:Name of Building: Chilean Condominium
  • Location Tax Legal:Zoned: R-C - Medium Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 32409.58
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 2568.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • General Property Description:Maintenance Amount: 14908.0
  • General Property Description:Per: Year
  • General Property Description:_pound_ Units in Complex: 1
  • General Property Description:_pound_ Floors: 1.0
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Security System: Yes
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Oven-Single, Microwave, Washer, Dryer, Range - Gas
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood
  • Interior Amenities: Fireplace
  • Living Area: 2568.0
  • Stories: 1
  • Other Rooms:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Pool Features: Pool, Heated Gas
  • Pool Private: Yes
  • Exterior Features: Patio/Lanai, Cabana, Storm Shutters
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:Cabana: Yes

Garage/Parking

  • Parking:No Garage2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Security System
  • Heating: Central Air
  • Heating Yn: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Lot Info

  • Parcel #: 50434327800003280
  • Zoning: R-C - Medium Density

Multi Family

  • Number Of Units Total: 1
  • Maintenance Expense: 14908.0

Tax Info

  • Tax Annual Amount: 32409.58
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2025
Closed on
May 16, 2025
Sold by
Benson Douglas R and Dassenko Paul E
Bought by
Cathy B Graham Revocable Trust and Graham
Seller's Agent
Ashley Copeland
Brown Harris Stevens of Palm Beach 5225
Buyer's Agent
John Cregan
Sotheby's International Realty, Inc.
List Price
$5,495,000
Sold Price
$5,006,300
Premium/Discount to List
-$488,700
-8.89%
Views
15
Current Estimated Value
$5,206,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,722
Avg. Annual Appreciation
13.00%

Purchase Details

Listed on
Jan 10, 2022
Closed on
Feb 28, 2022
Sold by
Martin Sprock Iii Howard
Bought by
Benson Douglas R and Dassenko Paul E
Seller's Agent
Adam McPherson
Douglas Elliman
Buyer's Agent
Ashley Copeland
Brown Harris Stevens of Palm Beach 5225
List Price
$4,195,000
Sold Price
$4,195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.64%

Purchase Details

Listed on
Feb 23, 2021
Closed on
Feb 26, 2021
Sold by
Pirrie James Mcnab and Carey Marianne
Bought by
Sprock Howard Martin
Seller's Agent
Adam McPherson
Douglas Elliman
Buyer's Agent
Adam McPherson
Douglas Elliman
List Price
$3,000,000
Sold Price
$3,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.37%

Purchase Details

Listed on
Jan 21, 2014
Closed on
Aug 22, 2014
Sold by
Davis Terrie A
Bought by
Pirrie James Mcnab
Seller's Agent
Crissy Poorman
Sotheby's Intl. Realty, Inc.
Buyer's Agent
John Dewing, Jr.
Sotheby's Intl. Realty, Inc.
List Price
$2,200,000
Sold Price
$2,150,000
Premium/Discount to List
-$50,000
-2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.25%

Purchase Details

Closed on
May 22, 2009
Sold by
Drennen Daniel Edward
Bought by
Davis Terrie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2006
Sold by
326-328 Chilean Ave Llc
Bought by
Drennen Daniel Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $5,006,300 Equity Land Title
Warranty Deed $5,006,300 Equity Land Title
Warranty Deed $4,195,000 Gunster Yoakley & Stewart Pa
Warranty Deed $3,000,000 Attorney
Warranty Deed $3,000,000 Mcpherson Bradley
Warranty Deed $2,075,000 Attorney
Warranty Deed $2,000,000 Attorney
Warranty Deed $1,500,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 Purchase Money Mortgage
Previous Owner $400,000 Credit Line Revolving
Previous Owner $1,425,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Sold $5,006,300 -8.9% $2,292 / Sq Ft
04/17/2025 04/17/25 Pending -- -- --
04/04/2025 04/04/25 For Sale $5,495,000 +31.0% $2,516 / Sq Ft
02/28/2022 02/28/22 Sold $4,195,000 -7.0% $1,921 / Sq Ft
02/28/2022 02/28/22 Sold $4,510,000 +7.5% $1,730 / Sq Ft
01/29/2022 01/29/22 Pending -- -- --
01/21/2022 01/21/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $4,195,000 -6.6% $1,921 / Sq Ft
08/18/2021 08/18/21 For Sale $4,490,000 +49.7% $1,722 / Sq Ft
02/26/2021 02/26/21 Sold $3,000,000 0.0% $1,168 / Sq Ft
02/26/2021 02/26/21 Sold $3,000,000 0.0% $1,168 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
02/23/2021 02/23/21 For Sale $3,000,000 -6.3% $1,168 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
10/05/2020 10/05/20 For Sale $3,200,000 +48.8% $1,246 / Sq Ft
08/26/2014 08/26/14 Sold $2,150,000 0.0% $984 / Sq Ft
08/26/2014 08/26/14 Sold $2,150,000 -2.3% $837 / Sq Ft
08/04/2014 08/04/14 Pending -- -- --
07/27/2014 07/27/14 Pending -- -- --
01/21/2014 01/21/14 For Sale $2,200,000 +2.3% $857 / Sq Ft
10/19/2012 10/19/12 For Sale $2,150,000 -- $984 / 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 $53,568 $3,605,000 -- --
2023 $52,457 $3,500,000 $0 $3,500,000
2022 $44,009 $2,808,000 $0 $0
2021 $37,608 $2,400,000 $0 $2,400,000
2020 $33,519 $2,000,000 $0 $2,000,000
2019 $32,538 $1,900,000 $0 $1,900,000
2018 $31,502 $1,900,000 $0 $1,900,000
2017 $30,677 $1,810,000 $0 $0
2016 $29,767 $1,725,000 $0 $0
2015 $31,000 $1,725,000 $0 $0
2014 $29,587 $1,625,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-1711

APN: 50-43-43-27-80-000-3280