$1,275,000
SOLD MAR 22, 2024
1 Bed
1 Bath
900 Sq Ft
$1,481/mo HOA Fee

Recently Sold

$1,417 Per Sq Ft

36% Below List Price

153 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Pool and Spa
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Home Gym

About This Home

As of March 2024

Great 900 SF, 1 bed/1 bath Penthouse unit at Palm Beach Towers. Wonderful view of the Breakers and views of the surrounding treetops. This is a great opportunity to raise the ceilings from 8' to 10' which can only be done in the penthouses. A great renovation project for the discerning buyer. DISCLAIMER: The written and verbal information provided 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 information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering 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 commision will be paid to either Broker on the Deposits retained by the Seller. "No Commissio Paid until Title Passes." Copyright 2019 Listing Company. All Rights Reserved.

Last Agent to Sell the Property

Burt Minkoff

Douglas Elliman License #3027869

Douglas Elliman

Last Buyer's Agent

Burt Minkoff

Douglas Elliman License #3027869

Douglas Elliman

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $8,245

Year Built

  • Built in 1956

Lot Details

  • Southeast Facing Home

HOA Fees

  • $1,481 Monthly HOA Fees

Interior Spaces

  • 900 Sq Ft Home
  • Dining Area
  • Home Gym
  • Fire and Smoke Detector

Kitchen

  • Single Oven
  • Electric Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • No Garage

Pool

  • Pool and Spa
  • Outdoor Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434322180006060

Community Details

Overview

  • Association fees include insurance, common area, maintenance exterior, trash, sewer, water
  • 277 Units
  • Pb Towers Community
  • On-Site Maintenance
  • 6-Story Property

Amenities

  • Doorman
  • Common Area
  • Elevator

Recreation

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$8,245

Year Built

Built in 1956

Lot Details

0

HOA Fees

$1,481 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: PB Towers
  • Garage Yn: Yes
  • Year Built: 1956
  • Location Tax Legal:Name of Building: PB Towers
  • Location Tax Legal:Zoned: R-D(2) - Heavy Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 8245.04
  • Location Tax Legal:Tax Year2: 2022
  • General Property Description:Living Area: 900.0
  • General Property Description:Pool: No
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 4443.42
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 277
  • General Property Description:_pound_ Floors: 6.0
  • Exposure of Unit:East2: Yes
  • Exposure of Unit:South2: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Floors:WW Carpeting: Yes
  • Pets:Pets Allowed: No
  • Security:Security Guards: Yes
  • Waterfront-Building:Intracoastal-Direct2: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Oven-Single, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 1
  • Flooring: Tile, W/W Carpeting
  • Interior Amenities: Cable, Smoke Alarms
  • Living Area: 900.0
  • Stories: 6
  • Interior Features:Smoke Alarms: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool, Spa
  • Pool Private: No
  • Exterior Features: Elevator, Exercise Room, Lobby
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Pool/Spa: Yes

Garage/Parking

  • Parking:_one_ Car2: Yes
  • Parking:No Garage2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Security Guards, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Exercise Facility, Other Services
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Common Area, Maintenance Exterior, Trash, Sewer, Water

Lot Info

  • Parcel #: 50434322180006060
  • Zoning: R-D(2) - Heavy Density

Multi Family

  • Number Of Units Total: 277
  • Maintenance Expense: 4443.42

Tax Info

  • Tax Annual Amount: 8245.04
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2023
Closed on
Mar 22, 2024
Sold by
Daniels Myrna
Bought by
Gerald Sprayregen Trust and Sprayregen
Seller's Agent
Burt Minkoff
Douglas Elliman
Buyer's Agent
Burt Minkoff
Douglas Elliman
List Price
$2,000,000
Sold Price
$1,275,000
Premium/Discount to List
-$725,000
-36.25%
Total Days on Market
153
Views
86

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
86.73%

Purchase Details

Closed on
Jul 25, 1995
Sold by
Lipscher Eleanor
Bought by
Daniels Myrna

Map

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $1,275,000 None Listed On Document
Warranty Deed $75,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Pending -- -- --
03/12/2025 03/12/25 For Sale $2,995,000 +134.9% --
03/22/2024 03/22/24 Sold $1,275,000 -20.3% $1,417 / Sq Ft
03/06/2024 03/06/24 Pending -- -- --
01/05/2024 01/05/24 Price Changed $1,599,000 -20.1% $1,777 / Sq Ft
10/05/2023 10/05/23 For Sale $2,000,000 -- $2,222 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $12,719 $489,512 -- --
2023 $9,020 $445,011 $0 $791,391
2022 $8,245 $404,555 $0 $0
2021 $6,179 $384,602 $0 $384,602
2020 $5,963 $384,814 $0 $384,814
2019 $5,710 $372,600 $0 $372,600
2018 $5,037 $342,600 $0 $342,600
2017 $4,901 $342,600 $0 $0
2016 $4,408 $228,360 $0 $0
2015 $3,816 $207,600 $0 $0
2014 $3,867 $207,600 $0 $0
Source: Public Records

Source: Palm Beach Board of REALTORS®

MLS Number: 23-1538

APN: 50-43-43-22-18-000-6060