NOT LISTED FOR SALE

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

Estimated Value: $6,372,000 - $7,021,000

2 Beds
1.5 Baths
1,022 Sq Ft
1956 Built

Last Sold December 20, 2018

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

Est. 366% increase in value since last sale

Current estimated payment $40,932/month

266 Days on Market

Highlights

  • Heated Pool
  • Marble Flooring
  • Security Guard
  • Palm Beach Public School Rated A-
  • Intercom
  • Central Heating and Cooling System

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.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,420

Year Built

  • Built in 1956

Parking

  • Assigned Parking

Interior Spaces

  • 1,022 Sq Ft Home
  • Custom Mirrors

Kitchen

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

Flooring

  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Dual Sinks

Laundry

  • Dryer
  • Washer

Home Security

  • Intercom
  • Closed Circuit Camera

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Heated Pool
  • South Facing Home

Listing and Financial Details

  • Assessor Parcel Number 50434322180014260

Community Details

Overview

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

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,420

Year Built

Built in 1956

Lot Details

0

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
  • Architectural Style: Other
  • New Construction: No
  • DelayedMarketingYN: No
  • Special Features: None

Interior Features

  • Interior Amenities: Dual Sinks, Custom Mirrors
  • 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
  • Stories: 6

Exterior Features

  • View: Other
  • Pool Features: Heated
  • Pool Private: No
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Special Assessment
  • Construction Type: Block
  • Direction Faces: South
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Other Equipment: Intercom
  • Security: Closed Circuit Camera(s), Lobby Secured, Security Guard
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2854.32
  • Pets Allowed: No
  • Senior Community: No
  • Association: Yes
  • Common Interest: Condominium

Fee Information

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

Lot Info

  • Parcel #: 50434322180014260
  • Mobile Dim Units: Feet
  • Zoning: C-TS(c

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5419.65

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
List Price
$1,895,000
Sold Price
$1,450,000
Premium/Discount to List
-$445,000
-23.48%
Current Estimated Value
$6,761,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,311,473
Avg. Annual Appreciation
24.22%
Original Mortgage
$362,500
Outstanding Balance
$317,489
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$6,443,984

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
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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 (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 $60,580 $4,191,998 -- --
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 2016

    Cappy Abraham

    Palm Beach Residential Properties, LLC

    (561) 827-5717

    39 Total Sales

    Cappy Abraham
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About This Building

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10405822

BeachesMLS (Greater Fort Lauderdale)

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

Florida Palm Beach County Palm Beach 33480

44 Cocoanut Row Unit 426B, Palm Beach, FL

Not Listed for Sale

Condos

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