NOT LISTED FOR SALE

501 Kay Terrace Boca Raton, FL 33432

Estimated Value: $5,618,000 - $8,655,000

6 Beds
5.5 Baths
4,813 Sq Ft
$1,467/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $6,050,000 $1,257 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $45,434/month

176 Days on Market

Highlights

  • Property has ocean access
  • Home fronts navigable water
  • Concrete Pool
  • Boca Raton Community Middle School Rated A-
  • New Construction
  • Canal View

About This Home

As of June 2022

Just Completed! This new deep-water estate is spectacularly designed and beautifully finished. Truly the trifecta of east Boca located on ''Millionaires Row'' in the Golden Triangle, this home is short walk to Mizner Park, minutes to the Boca Resort, and a quick splash to Lake Boca by boat!

Last Agent to Sell the Property

Jared Niles

Tangent Realty Corp License #3101314 Listed on: 11/22/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,262

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 9,896 Sq Ft Lot
  • Home fronts navigable water
  • Fenced
  • Sprinkler System
  • Property is zoned R1B(ci

Parking

  • 3 Car Garage
  • Garage Door Opener

Property Views

  • Canal
  • Pool

Home Design

  • Built-Up Roof

Interior Spaces

  • 4,813 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Family Room
  • Formal Dining Room
  • Open Floorplan
  • Den
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Home Security

  • Security Gate
  • Closed Circuit Camera

Pool

  • Concrete Pool
  • Saltwater Pool

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Canal Access
  • Balcony
  • Deck
  • Open Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Golden Harbour Sec 4 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06434720330020010

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,262

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Kay Terrace is located halfway between Palmetto Park Road and NE 20th St on 5th Avenue
  • Year Built: 2022
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Breakfast Area, Dining Area, Separate/Formal Dining Room, Entrance Foyer, Fireplace, High Ceilings, Kitchen/Dining Combo, Living/Dining Room, Pantry, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Gas Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Living Area: 4813.0
  • Dining Room Type: Den, Family Room, Great Room, Laundry
  • Stories: 2

Exterior Features

  • Exterior Features: Balcony, Deck, Fence, Outdoor Grill, Patio
  • View: Canal, Pool, Water
  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: Concrete, Heated, Pool, Salt Water
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Canal Access, Navigable Water, No Fixed Bridges, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Deck, Open, Patio
  • Property Condition: New Construction
  • Roof: Built-Up, Other

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

  • Security: Closed Circuit Camera(s), Security Gate
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas 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 #: 06434720330020010
  • Lot Size Sq Ft: 9896.0
  • Zoning Description: R1B(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 23262.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2021
Closed on
Jun 9, 2022
Sold by
501 Kay Terrace Llc
Bought by
Mark H Peikin Trust
Seller's Agent
Jared Niles
Tangent Realty Corp
List Price
$6,495,000
Sold Price
$6,050,000
Premium/Discount to List
-$445,000
-6.85%
Current Estimated Value
$7,061,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,011,241
Avg. Annual Appreciation
3.65%
Original Mortgage
$3,900,000
Outstanding Balance
$3,702,334
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$3,098,485

Purchase Details

Listed on
Jan 24, 2018
Closed on
May 22, 2018
Sold by
Honey Tree Properties Llc
Bought by
501 Kay Terrace Llc
Seller's Agent
Robert Tammaro
City Realty Partners, Inc
Buyer's Agent
Chad Scott
City Realty Partners, Inc
List Price
$1,199,000
Sold Price
$1,010,000
Premium/Discount to List
-$189,000
-15.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.46%

Purchase Details

Listed on
Jan 24, 2018
Closed on
Apr 3, 2018
Sold by
The Bank Of New York Mellon
Bought by
Honey Tree Properties Llc
Seller's Agent
Robert Tammaro
City Realty Partners, Inc
Buyer's Agent
Chad Scott
City Realty Partners, Inc
List Price
$1,199,000
Sold Price
$1,010,000
Premium/Discount to List
-$189,000
-15.76%

Purchase Details

Closed on
Dec 12, 2017
Sold by
Dimusto Alexander J and Dimusto Alexander
Bought by
Bank Of New York Mellon and Bank Of New York

Purchase Details

Closed on
Aug 1, 2005
Sold by
Rotinor S A
Bought by
Dimusto Alexander D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,750
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 13, 1998
Sold by
Mustain Donald R and Mustain G
Bought by
Rotinor Sa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
7.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 1997
Sold by
Abromavich Larry J
Bought by
Mustain Ii Donald R and Mustain Ii Michele G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.17%
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
Mark H Peikin Trust $6,050,000 Florida Select Title
501 Kay Terrace Llc $1,210,000 Florida Select Title Llc
Honey Tree Properties Llc $1,010,000 Landcastle Title Group Llc
Bank Of New York Mellon $900,200 Attorney
Dimusto Alexander D $1,225,000 Patch Reef Title Company Inc
Rotinor Sa $505,000 --
Mustain Ii Donald R $460,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mark H Peikin Trust $3,900,000
Previous Owner Dimusto Alexander $85,000
Previous Owner Dimusto Alexander $175,700
Previous Owner Dimusto Alexander J $200,000
Previous Owner Dimusto Alexander D $918,750
Previous Owner Dimusto Alexander $183,650
Previous Owner Mustain Ii Donald R $404,000
Previous Owner Mustain Ii Donald R $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $6,050,000 -6.9% $1,257 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
11/22/2021 11/22/21 For Sale $6,495,000 +543.1% $1,349 / Sq Ft
04/13/2018 04/13/18 Sold $1,010,000 -15.8% $366 / Sq Ft
03/14/2018 03/14/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $1,199,000 -- $434 / 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 $93,751 $5,490,108 -- --
2023 $86,062 $4,995,335 $2,472,525 $2,522,810
2022 $26,504 $1,400,719 $0 $0
2021 $23,262 $1,312,500 $1,312,500 $0
2020 $21,061 $1,180,000 $1,180,000 $0
2019 $19,557 $1,052,381 $1,050,000 $2,381
2018 $19,417 $1,076,110 $1,020,676 $55,434
2017 $17,502 $974,916 $919,528 $55,388
2016 $16,834 $854,930 $0 $0
2015 $15,203 $777,209 $0 $0
2014 $13,982 $706,554 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jared Niles

    Seller's Agent in 2022

    Jared Niles

    Tangent Realty Corp

    (561) 922-5868

    105 Total Sales

    Jared Niles
    Section Image

  • R

    Seller's Agent in 2018

    Robert Tammaro

    City Realty Partners, Inc

    (954) 344-1446

    21 Total Sales

    Robert Tammaro
    Section Image

  • C

    Buyer's Agent in 2018

    Chad Scott

    City Realty Partners, Inc

    (954) 275-1563

    16 Total Sales

    Chad Scott
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10760639

BeachesMLS

APN: 06-43-47-20-33-002-0010

Florida Palm Beach County Boca Raton 33432

501 Kay Terrace, Boca Raton, FL

This home is located at 501 Kay Terrace, Boca Raton, FL 33432 since 22 November 2021 and is currently estimated at $7,061,241, approximately $1,467 per square foot. This property was built in 2022. 501 Kay Terrace is a home located in Palm Beach County with nearby schools including Boca Raton Elementary School, Boca Raton Community Middle School, and Boca Raton Community High 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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