NOT LISTED FOR SALE

Mayfair House East 3590 S Ocean Blvd Unit 505 Palm Beach, FL 33480

Estimated Value: $973,000 - $1,138,000

3 Beds
3 Baths
1,920 Sq Ft
$544/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $980,000 $510 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,709/month

103 Days on Market

Highlights

  • Doorman
  • Property has ocean access
  • Fitness Center
  • Direct Ocean View
  • Home fronts a seawall
  • Outdoor Pool

About This Home

As of February 2023

Best Priced 3 Bedroom, 3 Bath Direct Oceanfront on Market. Amazing waterviews from every room. All new Impact Windows and Doors. Updated kitchen and baths. Full Amenity Building includes door person, direct beach access, fitness, party room. Great location next to shopping, restaurants, Eau Resort.

Last Agent to Sell the Property

Donald Gorbach

Gorbach Realty License #BK-3055287 Listed on: 10/21/2022

Last Buyer's Agent

Cynthia Bray

Flagler Realty, LLC

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $8,631

Year Built

  • Built in 1974

Lot Details

  • Home fronts a seawall
  • East Facing Home

HOA Fees

  • $1,536 Monthly HOA Fees

Parking

  • Open Parking

Interior Spaces

  • 1,920 Sq Ft Home
  • Living Room
  • Dining Room
  • Storage
  • Home Gym
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Eco-Friendly Details

  • Non-Toxic Pest Control

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Bulkhead

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 62434435100015050

Community Details

Overview

  • Association fees include insurance, cable TV, maintenance exterior, trash, pest control, sewer, water
  • 90 Units
  • Mayfair Ocean Community
  • On-Site Maintenance
  • 9-Story Property

Amenities

  • Doorman
  • Lobby

Recreation

  • Fitness Center

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$8,631

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,536 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: Approx. 1/2 mile north of Eau Resort.
  • Building Name: Mayfair Ocean
  • Year Built: 1974
  • Location Tax Legal:Name of Building: Mayfair Ocean
  • Location Tax Legal:Zoned: R-D(1) - Moderate Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 8631.0
  • Location Tax Legal:Tax Year2: 2021
  • General Property Description:Living Area: 1920.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 1536.0
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 90
  • General Property Description:_pound_ Floors: 9.0
  • Waterfront-Building:Ocean - Direct: Yes
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: Yes
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Waterfront-Unit:Ocean - Direct2: Yes
  • Maintenance Includes:Cable TV: Yes
  • Restrictions:No Pets Allowed: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Microwave, Washer, Dryer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Tile
  • Interior Amenities: Cable, Storage
  • Living Area: 1920.0
  • Stories: 9
  • Interior Features:Storage: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Cable: Yes
  • Other Rooms:Dining Area: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Balcony, Seawall/Bulkhead, Impact Doors, Impact Windows, Ocean Access- Deeded, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:SeawallBulkhead2: Yes

Garage/Parking

  • Parking:Open Parking: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Door Person
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Exercise Facility
  • Association: Yes
  • Pets Allowed: No

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Maintenance Exterior, Trash, Pest Control, Sewer, Water

Lot Info

  • Parcel #: 62434435100015050
  • Zoning: R-D(1) - Moderate Density Residential

Multi Family

  • Number Of Units Total: 90
  • Maintenance Expense: 1536.0

Tax Info

  • Tax Annual Amount: 8631.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2022
Closed on
Feb 17, 2023
Sold by
Patricia Hoffman Revocable Trust
Bought by
Michael S Chase Trust
Seller's Agent
Donald Gorbach
Gorbach Realty
Buyer's Agent
Cynthia Bray
Flagler Realty, LLC
List Price
$1,150,000
Sold Price
$980,000
Premium/Discount to List
-$170,000
-14.78%
Views
43
Current Estimated Value
$1,044,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,552
Avg. Annual Appreciation
2.80%
Original Mortgage
$675,000
Outstanding Balance
$654,573
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$389,979

Purchase Details

Closed on
Mar 19, 2009
Sold by
Hoffman Patricia and Hoffman Myron
Bought by
Hoffman Patricia and Patricia Hoffman Revocable Trust

Purchase Details

Closed on
May 23, 2006
Sold by
Levine Robert A
Bought by
Hoffman Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
1.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 16, 1996
Sold by
Levine Arthur B
Bought by
Levine Elaine G
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
Michael S Chase Trust $914,850 --
Hoffman Patricia -- Attorney
Hoffman Patricia $600,000 Attorney
Levine Elaine G $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael S Chase Trust $675,000
Previous Owner Hoffman Patricia $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $980,000 +7.1% $510 / Sq Ft
02/17/2023 02/17/23 Sold $915,000 -16.8% $477 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
02/01/2023 02/01/23 Pending -- -- --
12/20/2022 12/20/22 Price Changed $1,100,000 0.0% $573 / Sq Ft
12/20/2022 12/20/22 Price Changed $1,100,000 -4.3% $573 / Sq Ft
10/21/2022 10/21/22 For Sale $1,150,000 0.0% $599 / Sq Ft
10/21/2022 10/21/22 Price Changed $1,150,000 0.0% $599 / Sq Ft
10/21/2022 10/21/22 For Sale $1,150,000 +17.9% $599 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $975,000 -- $508 / 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 $16,242 $820,000 -- --
2023 $11,342 $493,680 $0 $0
2022 $9,207 $448,800 $0 $0
2021 $8,631 $409,000 $0 $409,000
2020 $8,083 $379,000 $0 $379,000
2019 $5,661 $299,869 $0 $0
2018 $5,393 $294,278 $0 $0
2017 $5,388 $288,225 $0 $0
2016 $5,410 $282,297 $0 $0
2015 $5,562 $280,335 $0 $0
2014 $5,563 $278,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Donald Gorbach

    Seller's Agent in 2023

    Donald Gorbach

    Gorbach Realty

    (561) 707-6210

    11 in this area

    42 Total Sales

    Donald Gorbach
    Section Image

  • C

    Buyer's Agent in 2023

    Cynthia Bray

    Flagler Realty, LLC

  • C

    Buyer's Agent in 2023

    Cindy Bray

    William Raveis Real Estate

    (561) 655-6570

    4 in this area

    70 Total Sales

    Cindy Bray
    Section Image

  • C

    Buyer's Agent in 2023

    Cynthia Bray, PA

    William Raveis South Florida

See All Agents

About Mayfair House East

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 22-1428

APN: 62-43-44-35-10-001-5050

Florida Palm Beach County Palm Beach 33480

3590 S Ocean Blvd Unit 505, Palm Beach, FL

This home is located at 3590 S Ocean Blvd Unit 505, Palm Beach, FL 33480 since 21 October 2022 and is currently estimated at $1,044,552, approximately $544 per square foot. This property was built in 1974. 3590 S Ocean Blvd Unit 505 is a home located in Palm Beach County with nearby schools including Lantana Elementary School, Lake Worth High School, and Lantana Middle School.

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