NOT LISTED FOR SALE

Estimated Value: $8,951,000 - $9,659,000

7 Beds
10 Baths
10,397 Sq Ft
$895/Sq Ft Est. Value

Last Sold February 28, 2018

Last sale price $7,700,000 $741 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $71,238/month

568 Days on Market

Highlights

  • Property has ocean access
  • Gated with Attendant
  • 0.74 Acre Lot
  • Boca Raton Community Middle School Rated A-
  • Heated Pool
  • Home fronts a canal

About This Home

As of February 2018

RARE INVESTMENT OPPORTUNITY
Residing in Royal Palm Yacht & Country Club on two prime buildable deepwater lots with land value approaching $8 Million, this gated compound sprawls across 216+/- feet outfitted for multi-yacht dockage - offering a rare value. Exotic Medjool date palms line the stately Chicago brick motor court that circles around a tiered fountain at the formal entry, continuing to the discreet four-bay garage and guest parking area. The entire water side of the residence opens to the spectacular tiered terrace featuring grand loggias with a summer kitchen by the immense pool and separate spa. Lush lawns expand the outdoor entertainment space to either side. Disclaimer: The information provided herein including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all enclosed information. Prospects' use of any information herein is acknowledgement of this disclaimer and that Prospect shall perform their own due diligence. Prospects shall not rely on this information when entering into a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed, please do not consider this a solicitation. In the event a Buyer defaults, no commission will be paid to either Broker on the Deposits retained by the Seller. "No Commissions Paid until Title Passes." Buyer pays title insurance, Florida documentary stamps, and all other closing costs for New Construction and land use. Copyright 2016 Listing Company. All Rights Reserved.

Last Agent to Sell the Property

Joseph Liguori

Premier Estate Properties Inc License #487849 Listed on: 06/27/2016

Last Buyer's Agent

Aracelli Brown

CJM Properties, Inc. License #658957

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $148,771

Year Built

  • Built in 2005

Lot Details

  • 0.74 Acre Lot
  • Lot Dimensions are 170 x 153 x 216 x 178
  • Home fronts a canal
  • Northeast Facing Home
  • Sprinkler System

HOA Fees

  • $394 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Garden
  • Pool

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 10,397 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • High Ceiling
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Formal Dining Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Split Bedroom Floorplan
  • Bidet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Heated Pool
  • Spa

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06434729100020220

Community Details

Overview

  • Association fees include common areas, security
  • Royal Palm Yacht & Country Club Subdivision

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$148,771

Year Built

Built in 2005

Lot Details

0.74 Acres

HOA Fees

$394 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Take Royal Palm Way to Date Palm Road, left on East Coconut Palm Road. The property is on the right.
  • Year Built: 2005
  • Unit Levels: Multi/Split, Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Wet Bar, Breakfast Bar, Bidet, Built-in Features, Breakfast Area, Bathtub, Central Vacuum, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Eat-in Kitchen, Elevator, High Ceilings, Jetted Tub, Pantry, Sitting Area in Primary, Split Bedrooms, Storage, Soaking Tub, Separate Shower
  • Private Spa: Yes
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Free-Standing Freezer, Ice Maker, Microwave, Oven, Refrigerator, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 3
  • Total Bedrooms: 7
  • Door Features: French Doors
  • Entry Location: Entry Level Living Area Y
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Wood
  • Living Area: 10397.0
  • Stories: 2

Exterior Features

  • Exterior Features: Built-in Barbecue, Balcony, Barbecue, Outdoor Kitchen, Outdoor Living Area
  • View: Garden, Pool
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, In Ground
  • Pool Private: Yes
  • Road Frontage Type: Public Road
  • View: Yes
  • Waterfront Features: Canal Front, No Fixed Bridges, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block, Other
  • Direction Faces: Northeast
  • Patio And Porch Features: Covered, Open, Patio, Balcony
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Circular Driveway, Driveway, Garage, Garage Door Opener

Utilities

  • Security: Gated with Guard, Security Guard
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 394.0
  • Pets Allowed: Yes
  • Community Features: Home Owners Association
  • Senior Community: No
  • Amenities: None
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Security

Lot Info

  • Parcel #: 06434729100020220
  • Lot Size Acres: 0.74
  • Lot Size: 170 x 153 x 216 x 178
  • Lot Size Sq Ft: 32234.4
  • Mobile Dim Units: Feet
  • Zoning: R1A

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 148771.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2019
Sold by
380 E Coconut Palm Road Land Trust
Bought by
Weissman Richard and Weissman Robin
Current Estimated Value
$9,343,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,999,999
Outstanding Balance
$4,288,921
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,016,079

Purchase Details

Listed on
Jun 27, 2016
Closed on
Feb 28, 2018
Sold by
Elias Howard and Elias Cindy
Bought by
Rolnick Michael and 380 E Coconut Palm Road Land Trust
Seller's Agent
Joseph Liguori
Premier Estate Properties Inc
Buyer's Agent
Aracelli Brown
CJM Properties, Inc.
List Price
$9,150,000
Sold Price
$7,700,000
Premium/Discount to List
-$1,450,000
-15.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.40%
Original Mortgage
$5,000,000
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2003
Sold by
Dassler Sigrid
Bought by
Elias Howard and Elias Cindy

Purchase Details

Closed on
Jan 16, 2001
Sold by
Rales Norman R
Bought by
Dassler Sigrid

Purchase Details

Closed on
Dec 4, 1997
Sold by
Keynejad Jamshid M and Keynejad Pamela
Bought by
Rales Norman R

Purchase Details

Closed on
Jul 29, 1994
Sold by
Sthilaire Richard W and Sthilaire Teena
Bought by
Keynejad Jamshid Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
8.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 1993
Sold by
St Hilaire Lorraine Y
Bought by
St Hilaire Richard W and St Hilaire Sr Richard W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Weissman Richard $4,600,000 Attorney
Egan Pamela $4,200,000 None Available
Rolnick Michael $7,700,000 Attorney
Elias Howard $4,675,000 --
Dassler Sigrid $4,400,000 --
Rales Norman R $1,000,000 --
Keynejad Jamshid Mark $850,000 --
St Hilaire Richard W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weissman Richard $4,999,999
Previous Owner Rolnick Michael $5,000,000
Previous Owner Keynejad Jamshid Mark $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2018 02/28/18 Sold $7,700,000 -15.8% $741 / Sq Ft
01/29/2018 01/29/18 Pending -- -- --
06/27/2016 06/27/16 For Sale $9,150,000 -- $880 / Sq Ft
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 $274,289 $16,601,293 -- --
2024 $274,289 $16,133,617 -- --
2023 $268,472 $15,665,919 $0 $0
2022 $266,743 $15,211,545 $0 $0
2021 $66,754 $3,696,840 $3,685,000 $11,840
2020 $60,728 $3,362,917 $3,350,000 $12,917
2019 $144,029 $7,733,091 $6,000,000 $1,733,091
2018 $151,319 $8,504,989 $5,029,681 $3,475,308
2017 $148,771 $8,227,231 $4,572,437 $3,654,794
2016 $131,438 $7,121,533 $0 $0
2015 $135,158 $7,072,029 $0 $0
2014 $135,730 $7,015,902 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10246384

BeachesMLS (Greater Fort Lauderdale)

APN: 06-43-47-29-10-002-0220

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