NOT LISTED FOR SALE

Estimated Value: $1,322,877

1 Bed
1.5 Baths
893 Sq Ft
1973 Built

Sale Details

Date Sold: April 5, 2013

Last sale price $235,000 $263 Per Sq Ft

Est. 463% increase in value since last sale

Current estimated payment $8,601 / mo

152 Days on Market

Highlights

  • Fitness Center
  • Outdoor Living Area
  • Elevator
  • Palm Beach Public School Rated A-
  • Community Pool
  • Plantation Shutters

About This Home

As of April 2013

Beautiful 1bed/1.5bath condo directly behind the Palm Beach Grill. Updated unit with 18'' ceramic tile floors in living rm and on the spacious balcony with great view,crown molding, plantation shutters. Condo fee includes ELECTRIC, WATER, BASIC CABLE! Enjoy Palm Beach living in this full service building with 24 hr conceirge and valet parking-- they assist with airport shuttle, groceries, packages and dinner reservations. Steps away from some of the best restaurants, shopping and attractions on the Island. Publix grocery store only 3 blocks away. Public beach and Worth Ave are 5 min drive. Building has on site commercial businesses- the upscale Towers restaurant, bank, beauty salon, deli/mini mart, tailor. This unit's deeded parking space is very close ... (see supplement for full remar Beautiful 1bed/1.5bath condo directly behind the Palm Beach Grill. Updated unit with 18'' ceramic tile floors in living rm and on the spacious balcony with great view,crown molding, plantation shutters. Condo fee includes ELECTRIC, WATER, BASIC CABLE!Enjoy Palm Beach living in this full service building with 24 hr conceirge and valet parking-- they assist with airport shuttle, groceries, packages and dinner reservations. Steps away from some of the best restaurants, shopping and attractions on the Island. Publix grocery store only 3 blocks away. Public beach and Worth Ave are 5 min drive. Building has on site commercial businesses- the upscale Towers restaurant, bank, beauty salon, deli/mini mart, tailor. This unit's deeded parking space is very close to a private side entrance which allows for very easy access. This partially furnished unit has built in entertainment center with 30'' LG flat screen. Beautiful leather chairs with down feather stuffing, custom wooden dining room table, contemporary track lighting. 50% MORTGAGE RULE, 1 LEASE EVERY 3 YEARS-MIN 6 MONTHS/MAX 12 MONTHS, NO PET BUILDING. General contractor estimate for installing stackable washer/dryer in kitchen closet was $2000.

Last Agent to Sell the Property

Davidde Giordano

Water Pointe Realty Group License #3239735 Listed on: 10/16/2012

Last Buyer's Agent

J. Richard Allison

Valore Group Real Estate License #631505

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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,133

Year Built

  • Built in 1973

Lot Details

  • South Facing Home

HOA Fees

  • $1,036 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

  • 893 Sq Ft Home
  • Plantation Shutters
  • Home Security System

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Outdoor Features

  • Outdoor Living Area
  • Porch

Utilities

  • Cooling Available
  • Heating Available
  • Three-Phase Power
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 50434322180011020

Community Details

Overview

  • Association fees include cable TV, electricity, insurance, water
  • 277 Units
  • Palm Beach Towers Condo Subdivision
  • 6-Story Property

Amenities

  • Elevator
  • Secure Lobby

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,133

Year Built

Built in 1973

Lot Details

0 Sq Ft Lot

HOA Fees

$1,036 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Okeechobee Blvd East, Left on Cocoanut, Building on left 1 mile
  • Year Built: 1973
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Water Heater
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 893.0
  • Stories: 6
  • Window Features: Plantation Shutters

Exterior Features

  • Exterior Features: Outdoor Living Area
  • Pool Features: Association
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: South
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Security: Security System, Lobby Secured, Smoke Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Electric: 3 Phase

Condo/Co-op/Association

  • Association Fee: 1036.0
  • Pets Allowed: No
  • Senior Community: No
  • Amenities: Elevator(s), Fitness Center, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Cable TV, Electricity, Insurance, Water

Lot Info

  • Parcel #: 50434322180011020
  • Mobile Dim Units: Feet
  • Zoning: RES

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 4133.0

Multi Family

  • Number Of Units In Community: 277

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2026
Sold by
Northern Trust Company and Mary Louise Schwab Trust
Bought by
Current Estimated Value
$1,322,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Outstanding Balance
$1,033,983
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$288,894

Purchase Details

Listed on
Oct 16, 2012
Closed on
Apr 5, 2013
Sold by
Palumbo William
Bought by
Schwab Mary Louise and The Mary Louise Schwab Trust
Seller's Agent
Davidde Giordano
Water Pointe Realty Group
Buyer's Agent
J. Richard Allison
Valore Group Real Estate
List Price
$278,000
Sold Price
$235,000
Premium/Discount to List
-$43,000
-15.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.71%

Purchase Details

Closed on
Feb 10, 2010
Sold by
Rau John C and Handler Joanne
Bought by
Palumbo William

Purchase Details

Closed on
Apr 11, 2006
Sold by
Rau John C
Bought by
Rau John C and Handler Joanne

Purchase Details

Closed on
Sep 15, 2005
Sold by
Rau Margaret I
Bought by
Rau John C

Purchase Details

Closed on
Apr 30, 2004
Sold by
Rau Margaret I
Bought by
Rau Margaret I and Margaret I Rau Revocable Trust

Purchase Details

Closed on
Dec 21, 2001
Sold by
Denkner Karl
Bought by
Rau Margaret I

Purchase Details

Closed on
Jul 10, 2000
Sold by
Beato Aleida
Bought by
Denkner Karl

Purchase Details

Closed on
Jan 30, 1998
Sold by
Four 59 Bloor St West Ltd
Bought by
Beato Aleida
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,300,000 None Listed On Document
Briger Cristin -- None Listed On Document
Schwab Mary Louise $235,000 None Available
Palumbo William $290,000 Premier Title Company Ltd
Rau John C -- Attorney
Rau John C -- --
Rau Margaret I -- --
Rau Margaret I $180,000 Premier Title Company Ltd
Denkner Karl $102,500 --
Beato Aleida $65,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,040,000
Previous Owner Rau John C $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/05/2013 04/05/13 Sold $235,000 -15.5% $263 / Sq Ft
03/06/2013 03/06/13 Pending -- -- --
10/16/2012 10/16/12 For Sale $278,000 -- $311 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,168 $97,396
2024 $1,168 $94,651
2023 $1,111 $91,894 $0 $0
2022 $1,088 $89,217 $0 $0
2021 $1,103 $86,618 $0 $0
2020 $1,092 $85,422 $0 $0
2019 $1,079 $83,501 $0 $0
2018 $1,023 $81,944 $0 $0
2017 $1,006 $80,259 $0 $0
2016 $766 $78,608 $0 $0
2015 $788 $78,062 $0 $0
2014 $788 $77,442 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R3317836

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-22-18-001-1020

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