NOT LISTED FOR SALE

509 S Atlantic Dr Lake Worth, FL 33462

Estimated Value: $6,886,000 - $8,027,000

6 Beds
8 Baths
6,511 Sq Ft
$1,144/Sq Ft Est. Value

Last Sold January 22, 2015

Last sale price $2,650,000 $407 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $43,603/month

153 Days on Market

Highlights

  • 75 Feet of Waterfront
  • Mediterranean Architecture
  • Fireplace
  • Pool and Spa
  • Wine Refrigerator
  • Wet Bar

About This Home

As of January 2015

Private gated waterfront estate on Hypoluxo Island in Lantana Florida. Spectacular Mediterranean home offering nearly 7000 sq ft of living space, 6 bedrooms, 6 full baths, 2 half baths (one with sauna), outdoor private massage area, sweeping direct Intracoastal views, 3 car garage and deep water dock with 3 lifts to accommodate zodiac and jet skis.

Last Agent to Sell the Property

Ashley McIntosh

Douglas Elliman License #476962 Listed on: 08/20/2014

Douglas Elliman

Co-Listed By

John Ross

Douglas Elliman License #SL-3276717

Last Buyer's Agent

WILLIAM QUIGLEY

ILLUSTRATED PROPERTIES, INC-Lantana

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,870

Year Built

  • Built in 1996

Lot Details

  • 0.42 Acre Lot
  • 75 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • East Facing Home
  • Property is zoned R1A

Parking

  • 3

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Frame Construction
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,511 Sq Ft Home
  • Wet Bar
  • Central Vacuum
  • Sound System
  • Ceiling Fan
  • Fireplace
  • Sliding Windows
  • Living Room
  • Dining Room
  • Library
  • Storage
  • Home Security System

Kitchen

  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Pool and Spa
  • Outdoor Pool

Utilities

  • Zoned Heating and Cooling

Community Details

  • Voluntary home owners association
  • Hypoluxo Island Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 40434503010000470

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,870

Year Built

Built in 1996

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.42
  • Lot Size: 75
  • Subdivision Name: Hypoluxo Island
  • Directions: South Ocean Blvd to E Ocean Ave. West to S Atlantic Dr
  • Above Grade Finished Sq Ft: 39986.67
  • Architectural Style: Mediterranean
  • Year Built: 1996
  • Location Tax Legal:Zoned: R1A
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 40870.4
  • Location Tax Legal:Tax Year2: 2013
  • General Property Description:Living Area: 6511.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 75
  • Roof:Cement Tile: Yes
  • Windows:Sliding: Yes
  • Pets:Pets Allowed: Yes
  • General Property Description:Lot SqFt: 18295
  • WaterSewer:City Water: Yes
  • Exposure:East: Yes
  • Roof:Barrel Tile: Yes
  • ACHeat:Multi Zone Air: Yes
  • Style:Mediterranean: Yes
  • General Property Description:Waterfront Ftg: 75.0
  • Waterfront:Intracoastal-Direct: Yes
  • HOA:Voluntary: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Washer, Dryer
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Flooring: Other Flooring
  • Interior Amenities: Central Vacuum, Ceiling Fan(s), Fireplace, Sound System, Storage, Wet Bar, Pantry
  • Living Area: 6511.0
  • Window Features: Sliding, Other
  • Interior Features:Storage: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Central Vac System: Yes
  • Interior Features:Sound System: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Spa
  • Pool Private: Yes
  • Waterfront Features: Intracoastal-Direct
  • Waterfront: Yes
  • Construction Type: Stucco, Block, Frame
  • Roof: Barrel, Cement Tile
  • Construction:Cement BlockStucco: Yes
  • Construction:Frame: Yes
  • Pool/Spa: Yes

Garage/Parking

  • Garage Spaces: 3.0

Utilities

  • Security: Security System, Other Security
  • Cooling: Multi Zone Air, Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes
  • Water Source: City Water

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 18295.0
  • Parcel #: 40434503010000470
  • Zoning: R1A

Tax Info

  • Tax Annual Amount: 40870.4
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2025
Sold by
Kasselman Paul G and Kasselman Becky L
Bought by
Paul G Kasselman Revocable Trust and Becky L Kasselman Revocable Trust
Current Estimated Value
$7,451,171

Purchase Details

Listed on
Aug 20, 2014
Closed on
Jan 20, 2015
Sold by
Biscan Robert S and Biscan Evelyn
Bought by
Biscan Jennifer Leigh and Biscan Dana Marie
Seller's Agent
Ashley McIntosh
Douglas Elliman
Buyer's Agent
WILLIAM QUIGLEY
ILLUSTRATED PROPERTIES, INC-Lantana
List Price
$2,650,000
Sold Price
$2,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.07%

Purchase Details

Listed on
Aug 20, 2014
Closed on
Jan 16, 2015
Sold by
Biscan Jennifer Leigh
Bought by
Kasselman Paul G and Kasselman Becky L
Seller's Agent
Ashley McIntosh
Douglas Elliman
Buyer's Agent
WILLIAM QUIGLEY
ILLUSTRATED PROPERTIES, INC-Lantana
List Price
$2,650,000
Sold Price
$2,650,000

Purchase Details

Listed on
Aug 20, 2014
Closed on
Nov 24, 2014
Sold by
Biscan Robert S
Bought by
Biscan Jennifer Leigh and Biscan Dana Marie
Seller's Agent
Ashley McIntosh
Douglas Elliman
Buyer's Agent
WILLIAM QUIGLEY
ILLUSTRATED PROPERTIES, INC-Lantana
List Price
$2,650,000
Sold Price
$2,650,000

Purchase Details

Closed on
Nov 19, 2014
Sold by
Biscan Evelyn and Biscan Robert S
Bought by
Biscan Jennifer Leigh and Biscan Dana Marie

Purchase Details

Closed on
May 4, 1999
Sold by
Brough Douglas C and Brough Claudia
Bought by
Biscan Robert S and Biscan Evelyn

Purchase Details

Closed on
May 2, 1997
Sold by
Tuscan-Harvey Homes Inc
Bought by
Brough Douglas C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$969,500
Interest Rate
7.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 1994
Sold by
Sheehan Richard F
Bought by
Tuscan Harvey Homes Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Paul G Kasselman Revocable Trust -- None Listed On Document
Biscan Jennifer Leigh -- Attorney
Biscan Jennifer Leigh -- Attorney
Kasselman Paul G -- Attorney
Kasselman Paul G $2,650,000 Attorney
Biscan Jennifer Leigh -- Attorney
Biscan Jennifer Leigh -- Attorney
Biscan Jennifer Leigh -- Attorney
Biscan Jennifer Leigh -- Attorney
Biscan Jennifer Leigh -- Attorney
Biscan Robert S $1,500,000 --
Brough Douglas C $1,385,000 --
Tuscan Harvey Homes Inc $366,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brough Douglas C $969,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2015 01/22/15 Sold $2,650,000 0.0% $407 / Sq Ft
01/20/2015 01/20/15 Pending -- -- --
08/20/2014 08/20/14 For Sale $2,650,000 -- $407 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $52,902 $2,717,427 -- --
2023 $51,434 $2,638,279 $0 $0
2022 $50,974 $2,561,436 $0 $0
2021 $50,296 $2,486,831 $0 $0
2020 $50,093 $2,452,496 $0 $0
2019 $49,460 $2,397,357 $1,800,000 $597,357
2018 $51,225 $2,550,132 $0 $0
2017 $50,788 $2,496,857 $0 $0
2016 $50,258 $2,445,501 $0 $0
2015 $41,586 $1,968,197 $0 $0
2014 -- $1,952,576 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Ashley McIntosh

    Douglas Elliman

    (561) 653-6160

    56 Total Sales

    Ashley McIntosh
    Section Image

  • J

    Seller Co-Listing Agent in 2015

    John Ross

    Douglas Elliman

    Section Image

  • W

    Buyer's Agent in 2015

    WILLIAM QUIGLEY

    ILLUSTRATED PROPERTIES, INC-Lantana

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 14-1683

APN: 40-43-45-03-01-000-0470

Florida Palm Beach County Lake Worth 33462

509 S Atlantic Dr, Lake Worth, FL

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.

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.

Nearby Homes