NOT LISTED FOR SALE

Estimated Value: $5,558,000 - $8,125,163

5 Beds
6 Baths
5,882 Sq Ft
$1,163/Sq Ft Est. Value

Last Sold August 03, 2020

Last sale price $5,158,460 $877 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $46,856/month

179 Days on Market

Highlights

  • Property has ocean access
  • Gunite Pool
  • Vaulted Ceiling
  • Property fronts an intracoastal waterway
  • 19,768 Sq Ft lot
  • Roman Tub

About This Home

As of August 2020

Enjoy expansive views of Palm Beach and the intracoastal waterway from this spectacular home on South Flagler Drive. This recently renovated West Indies style home, with almost 3,000 sq. ft. outdoor living space offers spectacular water views from almost every room. The open floor plan is bright and airy offering a unique mix of indoor and outdoor living spaces. This West Indies style home offers five bedrooms, four baths, two half baths, full impact glass, high end appliances, high ceilings and a third floor playroom. Also a two car garage, deep water dock with two boat lifts, large swimming pool, and the finest interior and exterior finishes. On almost a half an acre corner lot, enjoy the lush tropical landscaping that gives this home a private compound feel. A must see!

Last Agent to Sell the Property

Angela Koch

Douglas Elliman License #3037547 Listed on: 01/06/2020

Douglas Elliman

Co-Listed By

Joseph Scheerer

Douglas Elliman License #3294010

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,124

Year Built

  • Built in 1986

Lot Details

  • 0.45 Acre Lot
  • Property fronts an intracoastal waterway
  • Fenced
  • Corner Lot
  • Sprinkler System
  • Property is zoned SF7

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Intracoastal
  • Garden
  • Pool

Home Design

  • Metal Roof

Interior Spaces

  • 5,882 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Awning
  • French Doors
  • Entrance Foyer
  • Great Room
  • Family Room
  • Formal Dining Room
  • Den
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Slate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Roman Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Lights
  • Security Gate
  • Intercom
  • Impact Glass
  • Fire and Smoke Detector

Outdoor Features

  • Gunite Pool
  • Property has ocean access
  • Fixed Bridges
  • Balcony
  • Open Patio
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Worth Court Subdivision

Listing and Financial Details

  • Assessor Parcel Number 74434403030000260

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,124

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: South on Flagler from Southern.
  • Year Built: 1986
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Breakfast Area, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, French Door(s)/Atrium Door(s), Garden Tub/Roman Tub, High Ceilings, Living/Dining Room, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s), Attic, Intercom
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Flooring: Carpet, Marble, Slate, Wood
  • Living Area: 5882.0
  • Dining Room Type: Attic, Den, Family Room, Great Room, Laundry
  • Stories: 3
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Awning(s), Balcony, Fence, Porch, Patio
  • View: Garden, Intercoastal, Pool
  • Lot Features: Corner Lot, Sprinklers Automatic
  • Pool Features: Gunite, Heated, Pool
  • Pool Private: Yes
  • Waterfront Features: Fixed Bridge, Intracoastal Access, Ocean Access
  • Waterfront: Yes
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Other Equipment: Intercom
  • Security: Security System, Security Gate, Security Lights, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 74434403030000260
  • Lot Size Sq Ft: 19768.0
  • Zoning Description: SF7
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 41124.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2022
Sold by
Lachman Gary S and Fellner Linda
Bought by
Gary S Lachman Revocable Living Trust and Linda Fellner Lachman Declaration Of Trust
Current Estimated Value
$6,841,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Outstanding Balance
$5,585,996
Interest Rate
2.38%
Mortgage Type
New Conventional
Estimated Equity
$3,083,673

Purchase Details

Listed on
Jan 6, 2020
Closed on
Jul 22, 2020
Sold by
Koch Angela and Stockham Angela B
Bought by
Lachman Gary S
Seller's Agent
Angela Koch
Douglas Elliman
List Price
$4,790,000
Sold Price
$5,158,460
Premium/Discount to List
$368,460
7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.81%
Original Mortgage
$1,750,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2008
Sold by
Papanicolaou Alexandra
Bought by
Stockham Angela B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,520,000
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2000
Sold by
Tabakin Ben and Tabakin Sondra J
Bought by
Papanicolaou Alexandra

Purchase Details

Closed on
Jan 28, 1999
Sold by
Carson Donald W
Bought by
Tabakin Ben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Gary S Lachman Revocable Living Trust -- Equity Land Title
Lachman Gary S $5,158,460 Attorney
Stockham Angela B $2,800,000 Attorney
Papanicolaou Alexandra $1,600,000 --
Tabakin Ben $925,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gary S Lachman Revocable Living Trust $6,000,000
Previous Owner Lachman Gary S $1,750,000
Previous Owner Stockman Angela B $795,722
Previous Owner Stockham Angela $10,636
Previous Owner Stockham Angela B $425,000
Previous Owner Stockham Angela B $1,520,000
Previous Owner Tabakin Ben $500,000
Previous Owner Tabakin Ben $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2020 08/03/20 Sold $5,158,460 +7.7% $877 / Sq Ft
07/04/2020 07/04/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $4,790,000 -- $814 / Sq Ft
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 $114,932 $5,647,094 -- --
2023 $110,897 $5,410,952 $0 $0
2022 $110,132 $5,253,351 $0 $0
2021 $88,193 $4,042,680 $2,793,000 $1,249,680
2020 $41,972 $1,939,990 $0 $0
2019 $41,399 $1,896,373 $0 $0
2018 $39,574 $1,861,014 $0 $0
2017 $39,274 $1,822,737 $0 $0
2016 $39,283 $1,785,247 $0 $0
2015 $40,088 $1,772,837 $0 $0
2014 $40,154 $1,758,767 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10589459

BeachesMLS

APN: 74-43-44-03-03-000-0260