NOT LISTED FOR SALE

Estimated Value: $8,252,000 - $9,299,035

5 Beds
8 Baths
7,509 Sq Ft
$1,150/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $8,250,000 $1,099 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $53,494/month

42 Days on Market

Highlights

  • Dock made with wood
  • Pool and Spa
  • Marble Flooring
  • Beacon Cove Intermediate School Rated A-
  • Home fronts a canal
  • Lanai

About This Home

As of October 2024

Step into this elegant, timeless, and ultra-private waterfront estate, a masterpiece of design and luxury. Completely reimagined in 2007, this residence is perfect for both indoor and outdoor entertaining. The estate features 5 spacious bedrooms and 6.2 luxurious baths, offering the ultimate in comfort and style. As you pass through the wrought iron gate, you're welcomed into a sophisticated, resort-style oasis. The pool and patio area, designed for relaxation, are surrounded by serene sights and sounds that make everyday living feel like a retreat. Inside, custom details abound, from the updated kitchen, which opens to the family room, to the chef's dream appliances, including a large gas range, double refrigerator/freezer, and a butler's pantry complete with a coffee machine, wine storage, and bar seating.
The primary suite is a sanctuary in itself, featuring a cozy sitting room with views of the waterway, a luxurious marble bath, a private garden, boutique-style walk-in closets, and an adjacent slumber room or office. The guest accommodations are equally impressive, with two expansive bedrooms in the main house, each with a private bath, and two additional bedrooms in the two-story guest house. A second-floor loft provides a versatile space perfect for a family room or additional living area. For movie lovers, the private theater offers a cinematic experience with ample seating. Outdoors, the protected dock with two lifts can accommodate a large yacht, with direct access to the Intracoastal Waterways just minutes away. This estate is more than just a home; it's a lifestyle, a private retreat, and a true treasure. Don't miss the chance to see this exceptional property in person.

Last Agent to Sell the Property

Robert Thomson

Waterfront Properties & Club Communities License #SL-0465514 Listed on: 08/22/2024

Waterfront Properties & Club Communities

Last Buyer's Agent

Darlene Streit

The Corcoran Group License #3496596

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $105,136

Year Built

  • Built in 1991

Lot Details

  • Home fronts a canal
  • South Facing Home
  • Gated Home
  • Sprinkler System
  • Property is zoned R1

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,509 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Library
  • Impact Glass

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Pool and Spa
  • Outdoor Pool

Outdoor Features

  • Dock made with wood
  • Patio
  • Lanai
  • Attached Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 30434118110005700

Community Details

Overview

  • Admirals Cove Subdivision
  • Mandatory Home Owners Association

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$105,136

Year Built

Built in 1991

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 0.5314 acres
  • Subdivision Name: Admirals Cove
  • Directions: Admirals Cove is located off of Alt A1A between Toney Drive and Frederick Small Road
  • Garage Yn: Yes
  • Year Built: 1991
  • Location Tax Legal:Zoned: R1
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 105136.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 7509.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 0.5314 acres
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • Pets:Pets Allowed: Yes
  • WaterSewer:City Water: Yes
  • Exposure:South: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Security:Gate House: Yes
  • Auto Garage Door Opener: Yes
  • Security:Security Guards: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Waterfront:Canal: Yes
  • Dock:Wood: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Range-Gas, Microwave, Washer, Dryer
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Hardwood, Marble, W/W Carpeting
  • Interior Amenities: Ceiling Fan(s), Fireplace, Wet Bar, Pantry
  • Living Area: 7509.0
  • Window Features: Impact Glass-Full
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Spa
  • Pool Private: Yes
  • Waterfront Features: Canal
  • Waterfront: Yes
  • Construction Type: Stucco, Block
  • Exterior Features: Built-in Grill, Sprinkler System
  • Patio And Porch Features: Patio/Lanai
  • Roof: Other
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Pool/Spa: Yes
  • Exterior Features:Built-in Grill: Yes

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Attached, Door Opener, Other
  • Garage: Yes
  • Garage:Other7: Yes

Utilities

  • Security: Gate House, Security Guards
  • Cooling: Multi Zone Air, Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat, Multi Zone Heat
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Water Source: City Water

Condo/Co-op/Association

  • Mandatory HOA: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Parcel #: 30434118110005700
  • Zoning: R1

Tax Info

  • Tax Annual Amount: 105136.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Oct 31, 2024
Sold by
Mccullough Owen A and Mccullough Nicole H
Bought by
Heinz Raymond and Scharoff Anne
Seller's Agent
Robert Thomson
Waterfront Properties & Club Communities
Buyer's Agent
Darlene Streit
The Corcoran Group
List Price
$8,650,000
Sold Price
$8,250,000
Premium/Discount to List
-$400,000
-4.62%
Views
58
Current Estimated Value
$8,633,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$383,759
Avg. Annual Appreciation
3.73%

Purchase Details

Listed on
May 4, 2022
Closed on
Aug 19, 2022
Sold by
Leonard Abramson Revocable Trust
Bought by
Mccullough Owen All and Mccullough Nicole H
Seller's Agent
Thomas Frankel
Admirals Cove Realty Co Inc
Buyer's Agent
Ann Cusa
Serhant
List Price
$9,500,000
Sold Price
$7,500,000
Premium/Discount to List
-$2,000,000
-21.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.43%
Original Mortgage
$4,999,999
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 13, 2020
Closed on
Dec 8, 2020
Sold by
Traub Freddie J and Marlene Greenebaum Residence T
Bought by
Abramson Leonard and The Maine Merchant Bank Llc
Seller's Agent
Robert Thomson
Waterfront Properties & Club C
List Price
$7,000,000
Sold Price
$6,750,000
Premium/Discount to List
-$250,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%

Purchase Details

Closed on
Apr 30, 2007
Sold by
Mariner Drive Associates Llc
Bought by
Katz Gerald M and The Marlene Greenebaum Residence Trust

Purchase Details

Closed on
Sep 28, 2001
Sold by
Rosen Marvin S
Bought by
Mariner Drive Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,765,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 1999
Sold by
Cirincione William G and Cirincione N
Bought by
Rosen Marvin S

Purchase Details

Closed on
Nov 10, 1997
Sold by
Cirincione William G
Bought by
Cirincione William G and Cirincione Beeyan N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Heinz Raymond $7,760,000 First International Title
Mccullough Owen All $7,000,000 Jupiter Title
Abramson Leonard $6,475,000 Assured Title Agency
Katz Gerald M $5,915,000 Attorney
Mariner Drive Associates Llc $1,495,000 --
Rosen Marvin S $1,095,000 --
Cirincione William G $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccullough Owen All $4,999,999
Previous Owner Mariner Drive Associates Llc $2,765,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2024 10/31/24 Sold $8,250,000 -1.2% $1,099 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
09/13/2024 09/13/24 Price Changed $8,350,000 -3.5% $1,112 / Sq Ft
08/22/2024 08/22/24 For Sale $8,650,000 +15.3% $1,152 / Sq Ft
08/19/2022 08/19/22 Sold $7,500,000 -21.1% $999 / Sq Ft View Prior Sale
07/20/2022 07/20/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $9,500,000 +40.7% $1,265 / Sq Ft
12/08/2020 12/08/20 Sold $6,750,000 -3.6% $899 / Sq Ft View Prior Sale
11/08/2020 11/08/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $7,000,000 -- $932 / 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
2025 $103,932 $6,979,873 -- --
2024 $103,932 $6,137,915 -- --
2023 $105,136 $6,091,417 $4,200,000 $1,891,417
2022 $108,271 $5,636,868 $0 $0
2021 $94,588 $5,124,425 $2,100,000 $3,024,425
2020 $74,324 $4,001,511 $0 $0
2019 $73,596 $3,911,545 $0 $0
2018 $70,129 $3,836,727 $0 $0
2017 $70,183 $3,757,813 $0 $0
2016 $70,551 $3,680,522 $0 $0
2015 $72,370 $3,654,937 $0 $0
2014 $73,451 $3,625,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 24-1197

APN: 30-43-41-18-11-000-5700