NOT LISTED FOR SALE

Estimated Value: $7,258,000 - $8,112,000

5 Beds
6 Baths
4,860 Sq Ft
$1,568/Sq Ft Est. Value

Last Sold February 28, 2025

Last sale price $6,750,000 $1,389 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $45,280/month

81 Days on Market

Highlights

  • Heated Spa
  • Garden View
  • No HOA
  • Marble Flooring
  • High Ceiling
  • 4-minute walk to Anchor Park

About This Home

As of February 2025

Welcome to 511 Seagate Drive, a residence where modern design meets the timeless allure of coastal living. This 5 bedroom, 4.2 bath home is a 2014 Richard Jones designed residence that showcases clean lines, high ceilings, and an airy focus on open spaces. Nestled in an excellent location on Delray Beach's barrier island in the heart of the Seagate community, the property provides a sanctuary of calm that rests just a stone's throw away from both the Atlantic Ocean and the energetic pulse of Atlantic Avenue.
Upon stepping inside, visitors discover a home bathed in natural light, with floor-to-ceiling glass sliders that invite the outdoors in and vice-versa. The interior features warm oak floors and warm accent lighting that complement a refined coastal contemporary aesthetic. The home's open ground floor living space is anchored by a beautiful modern kitchen that is immaculately designed for anyone who loves to cook and entertain. Outfitted with natural gas appliances, sleek cabinetry, and ample counter space, it effortlessly balances function with sophisticated style. Via floor-to-ceiling sliding doors, the space seamlessly extends out to a private lanai that overlooks a sunlit pool surrounded by lush greenery and a backyard that offers a secluded oasis, perfect for quiet morning coffee or lively evening gatherings under the stars. This home's successful blending of indoor and outdoor living makes it an ideal space for enjoying Delray Beach's year-round sunshine and balmy weather.
Practicality meets luxury at this home, where each bedroom is thoughtfully positioned to offer privacy. Two downstairs bedrooms, one of which is currently fitted as an office, round out the ground floor, and three upstairs bedrooms include the home's primary suite, which features its own serene view of the tropical landscape along with dual closets and a spa-like primary bathroom. Additional amenities include a locking front gate and a spacious three-car garage that provides generous storage for beach gear, bikes, golf cart and more.
Situated just minutes from the beach and world-class shopping and dining on Atlantic Avenue, 511 Seagate Drive offers a unique balance of relaxed coastal vibes and modern convenience. This is a home designed for those who want to bask in both coastal comfort and an authentic connection to the vibrant Delray Beach community.

Last Agent to Sell the Property

Cameron Sydenham

The Corcoran Group License #3073556 Listed on: 11/15/2024

The Corcoran Group

Last Buyer's Agent

Cole Devitt

Premier Estate Properties, Inc License #3359382

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $68,120

Year Built

  • Built in 2014

Lot Details

  • 0.3 Acre Lot
  • West Facing Home
  • Interior Lot
  • Paved or Partially Paved Lot
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • 6 Open Parking Spaces
  • Garage Door Opener

Property Views

  • Garden
  • Pool

Home Design

  • Metal Roof

Interior Spaces

  • 4,860 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • High Ceiling
  • Plantation Shutters
  • Entrance Foyer
  • Open Floorplan
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Heated Spa
  • In Ground Spa
  • Heated Pool
  • Outdoor Shower

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 12434621060030090

Community Details

Overview

  • No Home Owners Association
  • Seagate Subdivision, Coastal Custom Floorplan

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$68,120

Year Built

Built in 2014

Lot Details

0.3 Acres

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: A1A a couple blocks south of Atlantic Ave.
  • Year Built: 2014
  • Architectural Style: Other, Traditional
  • Unit Levels: Multi/Split, Two
  • New Construction: No
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Breakfast Area, Bathtub, Dual Sinks, Entrance Foyer, Family/Dining Room, High Ceilings, Kitchen/Dining Combo, Pantry, Split Bedrooms, Storage, Soaking Tub, Separate Shower, Upper Level Primary, Walk-In Closet(s)
  • Main Level Bedrooms: 1
  • Private Spa: Yes
  • Furnished: Partially
  • Spa Features: Heated, In Ground
  • Appliances: Cooktop, Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Entry Location: Entry Level Living Area Y
  • Flooring: Marble, Wood
  • Living Area: 4860.0
  • Stories: 2
  • Window Features: Drapes, Plantation Shutters, Storm Window(s)

Exterior Features

  • Exterior Features: Outdoor Living Area, Outdoor Shower
  • View: Garden, Pool
  • Fencing: Fenced
  • Lot Features: Interior Lot, 1/4 to 1/2 Acre Lot, Many Trees, Sprinklers Automatic, Sprinkler System, < 1/4 Acre
  • Pool Features: Heated, In Ground
  • Pool Private: Yes
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Direction Faces: West
  • Patio And Porch Features: Covered, Patio, Porch
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Open Parking Spaces: 6.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Golf Cart Garage, Garage Door Opener

Utilities

  • Laundry Features: Inside
  • Security: Security System Owned, Fire Alarm, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Senior Community: No
  • Amenities: Trail(s)
  • Association: No
  • Pets Allowed: No Pet Restrictions, Yes

Lot Info

  • Parcel #: 12434621060030090
  • Lot Size Acres: 0.3
  • Lot Size: 113.0 ft x 117.0 ft
  • Lot Size Sq Ft: 13068.0
  • Mobile Dim Units: Feet
  • Zoning: R-1-AA

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 68120.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2024
Closed on
Feb 28, 2025
Sold by
Hynes John B
Bought by
Chung Paul and Chung Jihae
Seller's Agent
Cameron Sydenham
The Corcoran Group
Buyer's Agent
Cole Devitt
Premier Estate Properties, Inc
List Price
$6,850,000
Sold Price
$6,750,000
Premium/Discount to List
-$100,000
-1.46%
Views
6
Current Estimated Value
$7,621,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$871,070
Avg. Annual Appreciation
12.90%
Original Mortgage
$4,250,000
Outstanding Balance
$4,205,744
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$3,415,326

Purchase Details

Listed on
Dec 28, 2018
Closed on
Feb 28, 2019
Sold by
Keating Timothy J and Keating Ann M
Bought by
Hynes John B
Seller's Agent
Pascal Liguori
Premier Estate Properties, Inc
Buyer's Agent
Pascal Liguori
Premier Estate Properties, Inc
List Price
$4,150,000
Sold Price
$3,800,000
Premium/Discount to List
-$350,000
-8.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.03%

Purchase Details

Listed on
Mar 14, 2014
Closed on
Dec 29, 2014
Sold by
Mjh Fern 76 Llc
Bought by
Keating Timothy J
Seller's Agent
NICHOLAS MALINOSKY
Douglas Elliman
Buyer's Agent
Jilly Cammisa
Premier Estate Properties, Inc
List Price
$2,995,000
Sold Price
$2,900,000
Premium/Discount to List
-$95,000
-3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%
Original Mortgage
$2,030,000
Interest Rate
2.3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 28, 2012
Sold by
Smith Robert S and Smith Michelle
Bought by
Mjh Fern 76 Llc

Purchase Details

Closed on
Jul 2, 2004
Sold by
Carr Christopher B and Carr Karen
Bought by
Smith Robert S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 2000
Sold by
Pr Thomas F Markey Jr
Bought by
Carr Christophe B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.93%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chung Paul $6,750,000 None Listed On Document
Hynes John B $3,800,000 Attorney
Keating Timothy J $2,900,000 K Title Company Llc
Mjh Fern 76 Llc $1,050,000 Attorney
Smith Robert S $880,000 Delray Title & Abstract Co
Carr Christophe B $437,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chung Paul $4,250,000
Previous Owner Keating Timothy J $2,030,000
Previous Owner Smith Robert S $704,000
Previous Owner Carr Christophe B $140,000
Previous Owner Carr Christophe B $43,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2025 02/28/25 Sold $6,750,000 -1.5% $1,389 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
11/15/2024 11/15/24 For Sale $6,850,000 +80.3% $1,409 / Sq Ft
02/28/2019 02/28/19 Sold $3,800,000 -8.4% $782 / Sq Ft View Prior Sale
01/29/2019 01/29/19 Pending -- -- --
12/28/2018 12/28/18 For Sale $4,150,000 +43.1% $854 / Sq Ft
12/29/2014 12/29/14 Sold $2,900,000 -3.2% $633 / Sq Ft View Prior Sale
11/29/2014 11/29/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $2,995,000 -- $654 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $72,712 $3,990,819 -- --
2024 $72,712 $3,628,017 -- --
2023 $68,120 $3,298,197 $0 $0
2022 $63,612 $2,998,361 $0 $0
2021 $55,218 $2,725,783 $1,278,048 $1,447,735
2020 $54,270 $2,655,522 $1,236,000 $1,419,522
2019 $52,181 $2,524,658 $1,200,000 $1,324,658
2018 $52,562 $2,598,730 $1,212,079 $1,386,651
2017 $51,741 $2,507,168 $1,212,079 $1,295,089
2016 $54,407 $2,522,409 $0 $0
2015 $50,393 $2,293,099 $0 $0
2014 $17,568 $788,344 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R11037337

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-21-06-003-0090

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