NOT LISTED FOR SALE

44 Cocoanut Row, Unit 426B Palm Beach, FL 33480

Estimated Value: $4,820,000 - $6,913,730

2 Beds
1.5 Baths
1,022 Sq Ft
$2,854/mo HOA Fee

Last Sold December 20, 2018

Last sale price $1,450,000 $1,419 Per Sq Ft

Est. 328% increase in value since last sale

Current estimated payment $40,422/month

278 Days on Market

Highlights

  • Doorman
  • Water Views
  • Heated Pool
  • Palm Beach Public School Rated A-
  • Fitness Center
  • 488,579 Sq Ft lot

About This Home

As of December 2018

FANTASTIC OPPORTUNITY TO OWN A HOME WITH OVER 2800 SQ. FT. OF PHENOMENAL SPACE AT PALM BEACH TOWERS. THIS PACKAGE INCLUDES A METICULOUSLY RENOVATED ONE BEDROOM + HOME OFFICE /1 1/2 BATH UNIT (THE LARGEST ONE-BEDROOM FLOOR PLAN AT THE TOWERS) WHICH CAN BE COMBINED WITH THE ADJACENT 2 BR + DEN/ 2 BATH APARTMENT NEXT DOOR. THE 2BR APT HAS NOT BEEN RENOVATED. THE SPACIOUS ONE BEDROOM APT. BOASTS TOP OF THE LINE EVERYTHING: GRANITE FLOORS, MARBLE BATHROOMS. IN ADDITION, THERE IS A SEPARATE HOME OFFICE. THIS MOVE-IN READY ONE-PLUS BEDROOM UNIT CAN BE CONNECTED TO THE YET-TO-BE RENOVATED 2 BR +DEN/2 BATH UNIT NEXT DOOR TO CREATE A SPACIOUS 4 BEDROOM APARTMENT WITH AMPLE ROOM FOR A GRACIOUS OUTDOOR TERRACE, A FAMILY ROOM AND STORAGE.

Last Agent to Sell the Property

Cappy Abraham

Palm Beach Residential Properties LLC License #3106605 Listed on: 02/14/2018

Last Buyer's Agent

Simon Isaacs

Simon Isaacs Real Estate LLC License #3341521

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,420

Year Built

  • Built in 1956

Lot Details

  • South Facing Home

HOA Fees

  • $2,854 Monthly HOA Fees

Interior Spaces

  • 1,022 Sq Ft Home
  • Custom Mirrors
  • Family Room
  • Den

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Intercom
  • Closed Circuit Camera

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Outdoor Features

  • Heated Pool
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434322180014260

Community Details

Overview

  • Association fees include management, common areas, cable TV, electricity, ground maintenance, maintenance structure, pest control, sewer, trash, water
  • Palm Beach Towers Condo Subdivision
  • 6-Story Property

Amenities

  • Doorman
  • Community Library
  • Bike Room

Recreation

  • Putting Green

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,420

Year Built

Built in 1956

Lot Details

0

HOA Fees

$2,854 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: EAST OKEECHOBEE - LEFT ON COCOANUT ROW - BUILDING LESS THAN A MILE ON LEFT.
  • Year Built: 1956
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Custom Mirrors, Intercom
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet, Marble, Tile
  • Living Area: 1022.0
  • Dining Room Type: Den, Family Room
  • Stories: 6

Exterior Features

  • View: Other, Water
  • Pool Features: Heated, None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: South
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Two or More Spaces

Utilities

  • Other Equipment: Intercom
  • Security: Closed Circuit Camera(s), Door Man, Security Guard
  • Green Building Features: Exterior Lighting
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2854.0
  • Community Features: Fitness, Pool
  • Senior Community: No
  • Amenities: Bike Storage, Fitness Center, Library, Pool, Putting Green(s), Trash
  • Association Fee Frequency: Monthly
  • Pets Allowed: Conditional, No

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Electricity, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Trash, Water

Lot Info

  • Parcel #: 50434322180014260
  • Lot Size Sq Ft: 488579.0
  • Zoning Description: C-TS(c
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5420.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2018
Closed on
Dec 19, 2018
Sold by
Manolis Michelle K
Bought by
Banastey Hayati
Seller's Agent
Cappy Abraham
Palm Beach Residential Properties LLC
Buyer's Agent
Simon Isaacs
Simon Isaacs Real Estate LLC
List Price
$1,895,000
Sold Price
$1,450,000
Premium/Discount to List
-$445,000
-23.48%
Current Estimated Value
$6,212,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,762,910
Avg. Annual Appreciation
23.55%
Original Mortgage
$362,500
Outstanding Balance
$319,370
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$5,893,540

Purchase Details

Closed on
Dec 11, 2014
Sold by
Manolis J Steven and Manolis Michelle K
Bought by
Manolis Michelle K

Purchase Details

Closed on
Feb 26, 2005
Sold by
Harris Audrey P
Bought by
Manolis J Steven and Manolis Michelle K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 1996
Sold by
Audrey P Harris Tr and Margot Serden Tr
Bought by
Harris Audrey P
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Banastey Hayati $725,000 Attorney
Manolis Michelle K -- Attorney
Manolis J Steven $430,000 --
Harris Audrey P $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banastey Hayati $362,500
Previous Owner Manolis J Steven $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2018 12/20/18 Sold $1,450,000 -23.5% $1,419 / Sq Ft
11/20/2018 11/20/18 Pending -- -- --
02/14/2018 02/14/18 For Sale $1,895,000 0.0% $1,854 / Sq Ft
05/10/2016 05/10/16 Rented $36,000 0.0% --
04/10/2016 04/10/16 Under Contract -- -- --
03/29/2016 03/29/16 For Rent $36,000 -- --
Source: BeachesMLS

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 $60,580 $4,073,856 -- --
2023 $59,327 $3,955,200 $0 $0
2022 $59,425 $3,840,000 $0 $0
2021 $30,887 $2,700,000 $0 $2,700,000
2020 $9,456 $553,106 $0 $553,106
2019 $9,354 $525,400 $0 $525,400
2018 $5,875 $345,400 $0 $345,400
2017 $5,420 $305,400 $0 $0
2016 $5,102 $280,940 $0 $0
2015 $4,672 $255,400 $0 $0
2014 $4,734 $255,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cappy Abraham

    Seller's Agent in 2018

    Cappy Abraham

    Palm Beach Residential Properties LLC

    (561) 827-5717

    40 Total Sales

    Cappy Abraham
    Section Image
  • Simon Isaacs

    Buyer's Agent in 2018

    Simon Isaacs

    Simon Isaacs Real Estate LLC

    (561) 818-3936

    126 Total Sales

    Simon Isaacs
    Section Image
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About This Building

Map

Source: BeachesMLS

MLS Number: R10405822

BeachesMLS

APN: 50-43-43-22-18-001-4260

Florida Palm Beach County Palm Beach 33480

44 Cocoanut Row Unit 426B, Palm Beach, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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