NOT LISTED FOR SALE

340 S Ocean Blvd Unit Phd Palm Beach, FL 33480

Estimated Value: $4,512,000 - $5,020,000

2 Beds
2 Baths
1,809 Sq Ft
1967 Built

Last Sold December 04, 2020

Last sale price $3,300,000 $1,824 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $29,116/month

180 Days on Market

Highlights

  • Property has ocean access
  • Community Cabanas
  • Waterfront
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Clubhouse

About This Home

As of December 2020

Fantastic opportunity! Rare beautifully maintained 2 bedroom 2 bath Penthouse unit in desirable Lowell House. Spacious covered balconies with northern and western views. Assigned covered parking. Full service pet friendly building. Walk to restaurants, shops, Worth Avenue, the beach and all that Palm Beach has to offer.

Last Agent to Sell the Property

Stephen Hall

Compass Florida LLC License #3094127 Listed on: 11/30/2020

Compass Florida LLC

Last Buyer's Agent

ASHLEY O'NEIL

Brown Harris Stevens of PB License #3401738

Brown Harris Stevens of PB

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $43,507

Year Built

  • Built in 1967

Lot Details

  • Waterfront
  • South Facing Home

Interior Spaces

  • 1,809 Sq Ft Home
  • Bar
  • Combination Dining and Living Room
  • Wood Flooring
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Free-Standing Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Balcony
  • Covered Patio or Porch
  • Outdoor Living Area

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434323070000290

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common areas, cable TV, HVAC, insurance, ground maintenance, pest control, sewer, security, trash, water
  • Lowell House Condo Lts 53 And 54 Blk H Royal Park Subdivision
  • 5-Story Property

Amenities

  • Clubhouse
  • Elevator
  • Secure Lobby

Recreation

  • Fitness Center
  • Community Cabanas
  • Community Pool

Pet Policy

  • Limit on the number of pets

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$43,507

Year Built

Built in 1967

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: corner of South Ocean Blvd and Australian Ave.
  • Year Built: 1967
  • New Construction: No
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Eat-in Kitchen, Living/Dining Room, Tub Shower, Bar
  • Furnished: Unfurnished
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Free-Standing Freezer, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Wood
  • Living Area: 1809.0
  • Stories: 5

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • View: City
  • Pool Features: Association
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes
  • Construction Type: Other
  • Direction Faces: South
  • Patio And Porch Features: Covered, Balcony
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Inside
  • Security: Security System, Lobby Secured
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2211.0
  • Pets Allowed: Yes
  • Community Features: Property Manager On-Site
  • Senior Community: No
  • Amenities: Cabana, Clubhouse, Fitness Center, Pool, Elevator(s)
  • Association: Yes
  • Pets Allowed: Number Limit, Pet Restrictions, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, HVAC, Insurance, Maintenance Grounds, Pest Control, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 50434323070000290
  • Mobile Dim Units: Feet
  • Zoning: R-D(2)

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 43506.7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2021
Sold by
Towana Llc
Bought by
Hupp William T and Hupp Diana W
Current Estimated Value
$4,769,682

Purchase Details

Listed on
Nov 30, 2020
Closed on
Dec 3, 2020
Sold by
Gaynor Vere W and Gaynor Susan
Bought by
Towana Llc
Seller's Agent
Stephen Hall
Compass Florida LLC
Buyer's Agent
ASHLEY O'NEIL
Brown Harris Stevens of PB
List Price
$4,250,000
Sold Price
$3,300,000
Premium/Discount to List
-$950,000
-22.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%

Purchase Details

Closed on
Jan 17, 2006
Sold by
Gaynor Vere W
Bought by
Gaynor Vere W and Gaynor Susan

Purchase Details

Closed on
Apr 1, 2004
Sold by
Baker Elsie Leigh and Leigh Elsie
Bought by
Gaynor Vere W

Purchase Details

Closed on
Jun 1, 1998
Sold by
Schleger Susanne
Bought by
Leigh Douglas and Leigh Elsie
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Hupp William T -- Accommodation
Towana Llc $3,300,000 Premier Title Company Ltd
Gaynor Vere W -- None Available
Gaynor Vere W $1,175,000 --
Leigh Douglas $500,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2020 12/04/20 Sold $3,300,000 -22.4% $1,824 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $4,250,000 0.0% $2,349 / Sq Ft
05/02/2019 05/02/19 For Rent $25,000 +100.0% --
05/02/2019 05/02/19 Rented $12,500 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $48,321 $3,362,332 -- --
2024 $48,321 $3,267,572 -- --
2023 $47,330 $3,172,400 $0 $0
2022 $47,404 $3,080,000 $0 $0
2021 $42,087 $2,575,000 $0 $2,575,000
2020 $42,775 $2,575,000 $0 $2,575,000
2019 $43,680 $2,575,000 $0 $2,575,000
2018 $42,273 $2,575,000 $0 $2,575,000
2017 $43,195 $2,575,000 $0 $0
2016 $42,237 $2,450,000 $0 $0
2015 $16,501 $955,191 $0 $0
2014 $16,578 $947,610 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10625988

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-23-07-000-0290

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