NOT LISTED FOR SALE

Estimated Value: $7,612,000 - $8,266,000

6 Beds
5 Baths
6,029 Sq Ft
$1,318/Sq Ft Est. Value

Last Sold July 08, 2024

Last sale price $7,600,000 $1,261 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $47,685/month

41 Days on Market

Highlights

  • 103 Feet of Waterfront
  • Dock has access to electricity
  • Pool and Spa
  • Beacon Cove Intermediate School Rated A-
  • Guest House
  • Marble Flooring

About This Home

As of July 2024

Boaters Paradise - with over 100' of prime water frontage this home is perfect for those who like water crafts. Located on a quiet cul-de-sac in prestigious Admirals Cove this property is a dream opportunity. The interior of the home has been upgraded, large guest rooms, stunning primary bedroom and bath and 3.5 car garage. No better sunsets than from this property that has water views from 3 different directions. This property will not last!!

Last Agent to Sell the Property

Robert Thomson

Waterfront Properties & Club Communities License #SL-0465514 Listed on: 03/13/2024

Last Buyer's Agent

Robert Thomson

Waterfront Properties & Club Communities License #SL-0465514 Listed on: 03/13/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,070

Year Built

  • Built in 1992

Lot Details

  • 0.6 Acre Lot
  • 103 Feet of Waterfront
  • Home fronts a canal
  • East Facing Home
  • Gated Home
  • Property is zoned R-1-AA-B (Single Family Residential), R-1-AA-B (Single Family

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,029 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace
  • Dining Room
  • Library

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Pool

  • Pool and Spa
  • Outdoor Pool

Outdoor Features

  • Dock has access to electricity
  • Dock made with wood
  • Patio
  • Lanai
  • Attached Grill

Additional Homes

  • Guest House

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 30434118070005400

Community Details

Overview

  • Admirals Cove Subdivision
  • Mandatory Home Owners Association

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,070

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.6
  • Lot Size: 0.5995 acre
  • Subdivision Name: Admirals Cove
  • Directions: Admirals Cove is located off of Alt A1A between Frederick Small Road and Toney Penna Drive
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Year Built: 1992
  • Location Tax Legal:Zoned: R-1-AA-B (Single Family Residential)
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 52069.6
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 6029.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 0.5995 acre
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • General Property Description:Lot SqFt: 26116
  • WaterSewer:City Water: Yes
  • Style:One Story: Yes
  • Exposure:East: Yes
  • Security:Gate House: Yes
  • Auto Garage Door Opener: Yes
  • Security:Security Guards: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Waterfront:Canal: Yes
  • Dock:Electric at Dock: Yes
  • Dock:Wood: Yes
  • General Property Description:Waterfront Ftg: 103.0
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Range-Gas, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Hardwood, Marble
  • Interior Amenities: Cable, Ceiling Fan, Fireplace
  • Living Area: 6029.0
  • Window Features: Other
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Pool Features: Pool, Spa
  • Pool Private: Yes
  • Waterfront Features: Canal
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Built-in Grill, Guesthouse/Cottage
  • Roof: Other
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Pool/Spa: Yes
  • Exterior Features:Built-in Grill: Yes
  • Exterior Features:GuesthouseCottage: Yes

Garage/Parking

  • Parking Features: 3 Car, Detached, Door Opener
  • Garage:_three_ Car: Yes
  • Garage Detached: Yes

Utilities

  • Security: Gate House, Security Guards
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Mandatory HOA: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 26116.0
  • Parcel #: 30434118070005400
  • Zoning: R-1-AA-B (Single Family
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 52069.6
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
Jun 27, 2024
Sold by
Ulrich Dirk and Ulrich Marina
Bought by
Madden Don A and Madden Lisa
Seller's Agent
Robert Thomson
Waterfront Properties & Club Communities
Buyer's Agent
Robert Thomson
Waterfront Properties & Club Communities
List Price
$8,950,000
Sold Price
$7,600,000
Premium/Discount to List
-$1,350,000
-15.08%
Views
60
Current Estimated Value
$7,946,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,762
Avg. Annual Appreciation
5.85%
Original Mortgage
$4,800,000
Outstanding Balance
$1,231,725
Interest Rate
7.03%
Mortgage Type
Construction
Estimated Equity
$6,868,359

Purchase Details

Listed on
May 2, 2020
Closed on
Sep 1, 2020
Sold by
Landis William Robert and Landis Pamela J
Bought by
Ulrich Dirk and Ulrich Marina
Seller's Agent
Thomas Frankel
Admirals Cove Realty Co Inc
List Price
$4,875,000
Sold Price
$3,925,000
Premium/Discount to List
-$950,000
-19.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.72%
Original Mortgage
$2,747,500
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 15, 2011
Closed on
Dec 21, 2012
Sold by
Levitan Arnold I and Levitan Anita B
Bought by
Landis Ii William Robert and Robert Landis W
Seller's Agent
Alan Welles
House Realty
Buyer's Agent
Robert Thomson
Waterfront Properties & Club C
List Price
$2,900,000
Sold Price
$2,100,000
Premium/Discount to List
-$800,000
-27.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.44%
Original Mortgage
$1,575,000
Interest Rate
3.38%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Madden Don A $7,600,000 First International Title
Ulrich Dirk $3,925,000 Jupiter Title Co Llc
Landis Ii William Robert $2,100,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Madden Don A $4,800,000
Previous Owner Ulrich Dirk $2,747,500
Previous Owner Landis Ii William Robert $1,575,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $7,600,000 -4.9% $1,261 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
02/19/2024 02/19/24 Price Changed $7,995,000 -10.7% $1,326 / Sq Ft
02/07/2024 02/07/24 For Sale $8,950,000 +128.0% $1,484 / Sq Ft
09/01/2020 09/01/20 Sold $3,925,000 -19.5% $651 / Sq Ft
08/02/2020 08/02/20 Pending -- -- --
05/02/2020 05/02/20 For Sale $4,875,000 +132.1% $809 / Sq Ft
12/15/2012 12/15/12 Sold $2,100,000 -27.6% $299 / Sq Ft
11/15/2012 11/15/12 Pending -- -- --
12/15/2011 12/15/11 For Sale $2,900,000 -- $413 / 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 $52,634 $3,122,858 -- --
2023 $52,070 $3,031,901 $0 $0
2022 $52,237 $2,941,360 $0 $0
2021 $52,041 $2,855,689 $2,520,000 $335,689
2020 $42,400 $2,296,243 $0 $0
2019 $41,979 $2,244,617 $0 $0
2018 $40,015 $2,202,764 $0 $0
2017 $40,038 $2,157,457 $0 $0
2016 $40,241 $2,113,082 $0 $0
2015 $41,276 $2,098,393 $0 $0
2014 $41,891 $2,081,739 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 24-252

APN: 30-43-41-18-07-000-5400