NOT LISTED FOR SALE

5 Beachway N Ocean Ridge, FL 33435

Estimated Value: $6,426,000 - $8,151,568

6 Beds
6.5 Baths
6,910 Sq Ft
$1,080/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $8,600,000 $1,245 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $54,367/month

Highlights

  • Ocean Front
  • Marble Flooring
  • High Ceiling
  • Private Pool
  • Sun or Florida Room
  • Balcony

About This Home

As of August 2024

Completely renovated oceanfront estate home sited on a 3/4 acre lot including a spectacular private 100' x 124' ft direct oceanfront parcel. This 6 bedroom, 5.1 bathroom 10,000+ total square foot home is replete with high ceilings throughout, light and bright views of the ocean from nearly every room, two main floor suites, elevator, 3 car garage, and quiet cul-de-sac location, this home leaves no stone unturned. This home is minutes to Delray Beach and popular Atlantic Ave with many options for shopping and fine dining and just 20 minutes to PBIA, Palm Beach, & West Palm Beach.

Last Agent to Rent the Property

Elizabeth DeWoody

Compass Florida LLC (PB) License #3293657 Listed on: 09/09/2024

Compass Florida LLC (PB)

Last Renter's Agent

Jonathan Postma

Coldwell Banker/BR License #3199367

Coldwell Banker/BR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $165,911

Year Built

  • Built in 1996

Lot Details

  • 0.53

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 6,910 Sq Ft Home
  • Elevator
  • Wet Bar
  • Partially Furnished
  • Bar
  • High Ceiling
  • Sun or Florida Room
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • In-Law or Guest Suite
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Gate

Outdoor Features

  • Private Pool
  • Property has ocean access
  • Balcony
  • Patio
  • Outdoor Grill
  • Porch

Additional Features

  • Ocean Front
  • Forced Air Zoned Heating and Cooling System

Community Details

  • Beachway North Subdivision

Listing and Financial Details

  • Property Available on 9/22/23
  • Assessor Parcel Number 46434527550000102

Home Details

Home Type

Single Family

Est. Annual Taxes

$165,911

Year Built

Built in 1996

Lot Details

0

Parking

3

Rental Info

  • Tenant Pays: Exterior Electric
  • Available Date: 2023-09-22

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Year Built: 1996
  • Entry Level: 1
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Closet Cabinetry, Dual Sinks, Elevator, High Ceilings, Separate Shower, Bar, Walk-In Closet(s)
  • Furnished: Partially
  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Hardwood, Marble, Wood
  • Living Area: 6910.0
  • Dining Room Type: Florida Room, In-Law Suite, Laundry

Exterior Features

  • Exterior Features: Balcony, Outdoor Grill, Patio
  • View: Ocean
  • Pool Features: Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Two or More Spaces

Utilities

  • Security: Security System, Security Gate
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other

Lot Info

  • Parcel #: 46434527550000102
  • Lot Size: 1/2 to < 1 Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2021
Closed on
Jun 7, 2021
Sold by
Lucibella Richard and Lucibella Richard J
Bought by
5 Beachway Llc
Seller's Agent
Val Coz
Douglas Elliman
Buyer's Agent
Scott Correale
One Sotheby's International Realty
List Price
$8,500,000
Sold Price
$8,600,000
Premium/Discount to List
$100,000
1.18%
Current Estimated Value
$7,404,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,195,596
Avg. Annual Appreciation
7.03%
Original Mortgage
$5,590,000
Outstanding Balance
$5,079,355
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$6,344,995

Purchase Details

Closed on
Nov 14, 2006
Sold by
Lucibella Richard J
Bought by
Kumar Roger and Kumar Angela M

Purchase Details

Closed on
Jun 17, 1993
Sold by
Arnstein and Lehr
Bought by
Lucibella Richard
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
5 Beachway Llc $8,600,000 Attorney
Kumar Roger $4,596 Attorney
Lucibella Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5 Beachway Llc $1,500,000
Open 5 Beachway Llc $5,590,000
Previous Owner Lucibella Richard J $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2024 09/09/24 For Rent $50,000 -20.0% --
08/28/2024 08/28/24 Rented $62,500 0.0% --
06/08/2021 06/08/21 Sold $8,600,000 +1.2% $1,245 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $8,500,000 -- $1,230 / 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 $165,911 $8,894,332 -- --
2023 $149,468 $8,085,756 $0 $0
2022 $138,965 $7,350,687 $0 $0
2021 $37,122 $1,944,404 $0 $0
2020 $36,637 $1,917,558 $0 $0
2019 $36,563 $1,874,446 $0 $0
2018 $34,522 $1,839,496 $0 $0
2017 $34,135 $1,801,661 $0 $0
2016 $34,421 $1,764,604 $0 $0
2015 $34,964 $1,739,297 $0 $0
2014 -- $1,725,493 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Landlord's Agent in 2024

    Elizabeth DeWoody

    Compass Florida LLC (PB)

    (561) 308-0931

    115 Total Sales

    Section Image
  • Jonathan Postma

    Tenant's Agent in 2024

    Jonathan Postma

    Coldwell Banker/BR

    (561) 843-7828

    2 in this area

    109 Total Sales

    Section Image
  • Val Coz

    Seller's Agent in 2021

    Val Coz

    Douglas Elliman

    (561) 386-8011

    26 in this area

    40 Total Sales

    Section Image

  • S

    Buyer's Agent in 2021

    Scott Correale

    One Sotheby's International Realty

    (561) 394-4600

    11 in this area

    32 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R11019608

BeachesMLS

APN: 46-43-45-27-55-000-0102

Florida Palm Beach County Ocean Ridge 33435

5 Beachway N, Ocean Ridge, FL

This home is located at 5 Beachway N, Ocean Ridge, FL 33435 since 09 September 2024 and is currently priced at $7,459,523. This property was built in 1996. 5 Beachway N is a home located in Palm Beach County with nearby schools including Forest Park Elementary School, Boynton Beach Community High School, and Congress Community Middle School.

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.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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