NOT LISTED FOR SALE

512 S Beach Rd Hobe Sound, FL 33455

Estimated Value: $7,841,469

3.2 Acres
$2,450,459 Price per Acre
139,392 Sq Ft Lot

Last Sold February 08, 2021

Last sale price $13,000,000 $2,665 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $50,815/month

341 Days on Market

Highlights

  • Property has ocean access
  • No HOA
  • Paved or Partially Paved Lot
  • Property fronts an intracoastal waterway

About This Lot

As of February 2021

Exclusively available for the first time, this magnificent Jupiter Island double-lot spans 324 feet along the blue waters of the Intracoastal and stretches out over 3.2 acres. This is the largest Intracoastal lot available on prestigious Jupiter Island, making this truly a rare find. Currently deeded as two separate lots with two boat docks, and anchored by a four-bedroom guest house, this unique property affords intriguing opportunities. Occupy the immaculate guest house, while realizing the property's full potential. This is the last opportunity to design a truly grand private family enclave on the turquoise Intracoastal with a total allowable floor area of over 14,000 sf including two accessory buildings. Or develop two private residences, each with a total allowable floor area of over 9,000 sf including their own two accessory buildings, afforded by the separately deeded lots. See renderings for one home on one of the two lots. Lush landscaping and mature perimeter planting already exists providing seclusion and privacy. The sought-after location on the southern end of the Island allows for convenient access to restaurants, shops, airports and some of the area's finest golf courses. With the Jupiter Inlet in close proximity, with world class fishing only minutes away and the Bahamas only 55 miles off-shore, take advantage of the two deep water docks located within a desirable no-wake zone, providing ample room for yachts, sport fishing boats and other toys. Launch paddle boards and kayaks from your sandy shoreline. Peace and solitude exude from this exclusive private oasis, offering the most stunning Florida sunsets over the Intracoastal.

Last Agent to Sell the Property

Ken Meierling

Engel & Voelkers Jupiter RE License #3206011 Listed on: 11/26/2020

Engel & Voelkers Jupiter RE

Co-Listed By

Kandyce Meierling

Engel & Voelkers Jupiter RE License #3261080

Last Buyer's Agent

Christine Sheehan

The Corcoran Group License #3359590

The Corcoran Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $176,064

Lot Details

  • 3.2 Acre Lot
  • Lot Dimensions are 324' x 357' x 324' x 480'
  • Property fronts an intracoastal waterway
  • River Front
  • East Facing Home
  • Paved or Partially Paved Lot
  • 2 Lots in the community
  • Site Plan Filed

Property Views

  • Intracoastal Views

Utilities

  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 35384202400000010

Community Details

Overview

  • No Home Owners Association
  • Jupiter Island Subdivision

Recreation

  • Property has ocean access
  • No Fixed Bridges
  • Mangrove Front

Property Details

Property Type

Land

Est. Annual Taxes

$176,064

Lot Details

3.2 Acres

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • Directions: Take Beach Road Bridge (Cato's Bridge) onto Jupiter Island and head north to 510/512 South Beach Road on your left.
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Exterior Features

  • View: Intercoastal
  • Fencing: Fenced
  • Lot Features: Cleared, Other
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront Features: Intracoastal Access, Mangrove, No Fixed Bridges, Ocean Access, River Front
  • Waterfront: Yes
  • Disclosures: Foreign Seller
  • Direction Faces: East

Utilities

  • Electric: 3 Phase
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 35384202400000010
  • Current Use: Single Family
  • Development Status: Site Plan Filed
  • Lot Size Acres: 3.2
  • Lot Size: 324' x 357' x 324' x 480'
  • Lot Size Sq Ft: 139392.0
  • Number Of Lots: 2
  • Possible Use: Single Family
  • Mobile Dim Units: Feet
  • Additional Parcels Description: 353842024000000206
  • Zoning: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 176064.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2023
Sold by
510151 2 South Beach Road Llc
Bought by
Porreco Lason M
Current Estimated Value
$7,841,469

Purchase Details

Closed on
May 16, 2023
Sold by
51 South Beach Road Llc
Bought by
Simovitch Ryan and Simovitch Shona

Purchase Details

Listed on
Nov 26, 2020
Closed on
Feb 8, 2021
Sold by
Italandco Inc
Bought by
510 512 South Beach Road Llc
Seller's Agent
Ken Meierling
Engel & Voelkers Jupiter RE
Buyer's Agent
Christine Sheehan
The Corcoran Group
List Price
$13,500,000
Sold Price
$13,000,000
Premium/Discount to List
-$500,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.32%

Purchase Details

Closed on
Jan 1, 1901
Bought by
Italandco Inc
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Porreco Lason M $9,407,800 None Listed On Document
Simovitch Ryan $7,773,600 None Listed On Document
510 512 South Beach Road Llc $13,000,000 Attorney
Italandco Inc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2021 02/08/21 Sold $13,000,000 -3.7% $2,665 / Sq Ft
01/09/2021 01/09/21 Pending -- -- --
01/31/2020 01/31/20 For Sale $13,500,000 -- $2,768 / 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 $114,809 $7,453,600 -- --
2024 $145,306 $6,776,000 $6,776,000 --
2023 $145,306 $6,776,000 $6,776,000 $0
2022 $125,415 $7,296,100 $5,236,000 $2,060,100
2021 $98,761 $5,551,840 $3,850,000 $1,701,840
2020 $96,906 $5,416,310 $3,696,000 $1,720,310
2019 $98,215 $5,440,330 $3,696,000 $1,744,330
2018 $98,764 $5,411,960 $3,696,000 $1,715,960
2017 $90,343 $5,070,650 $3,696,000 $1,374,650
2016 $90,283 $5,083,480 $3,696,000 $1,387,480
2015 $73,962 $4,459,470 $3,080,000 $1,379,470
2014 $73,962 $4,172,420 $2,772,000 $1,400,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10597146

BeachesMLS (Greater Fort Lauderdale)

APN: 35-38-42-024-000-00020-6

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