NOT LISTED FOR SALE

514 NW 8th Ave Delray Beach, FL 33444

Downtown Delray Beach Neighborhood

Estimated Value: $3,189,000 - $4,257,000

6 Beds
5.5 Baths
4,503 Sq Ft
$796/Sq Ft Est. Value

Last Sold September 29, 2020

Last sale price $1,985,000 $441 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $21,391/month

80 Days on Market

Highlights

  • Lake Front
  • Canal View
  • High Ceiling
  • Saltwater Pool
  • Wood Flooring
  • Great Room

About This Home

As of September 2020

Waterfront! Spectacular modern coastal home on wide canal leading to Lake Ida. A large addition, along with an entire house and lot renovation, brings this home into the 2020's. SIX bedrooms, 5 1/2 modern designer baths, 2 master suites, chef's kitchen with Wolf gas stove, wood flooring throughout & soaring impact glass windows & doors are just some of the outstanding features. Relax on multi level patios and decks overlooking the water & large heated salt water pool with spa. Entire 2nd story has just been completed, and has never been lived in. Upstairs master with views of the water, features 2 walk-in closets, a bath with dual sinks & a separate soaking tub overlooking the lush landscaping. Convenient gated side parking pad for boat or RV. No HOA. Located in the Lake Ida Neighborhood

Last Agent to Sell the Property

Steve Martel

Coldwell Banker Realty /Delray Beach License #3236838 Listed on: 06/10/2020

Coldwell Banker Realty /Delray Beach

Last Buyer's Agent

Steve Martel

Coldwell Banker Realty /Delray Beach License #3236838 Listed on: 06/10/2020

Coldwell Banker Realty /Delray Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,007

Year Built

  • Built in 1990

Lot Details

  • 0.31 Acre Lot
  • Lake Front
  • Fenced
  • Sprinkler System
  • Property is zoned R-1-AA

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Metal Roof

Interior Spaces

  • 4,503 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Skylights
  • Great Room
  • Den
  • Canal Views

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Outdoor Features

  • Saltwater Pool
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 12434608180030110

Community Details

Overview

  • Lake Ida Shores Subdivision

Recreation

  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,007

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Atlantic Ave to N Swinton Ave to left onto NW 9th St. NW 9th St turns into Lake Shore Dr to left onto NW 8th Ave.
  • Year Built: 1990
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dual Sinks, High Ceilings, Skylights, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Tile, Wood
  • Living Area: 4503.0
  • Dining Room Type: Den, Great Room, Laundry
  • Stories: 2
  • Window Features: Impact Glass, Skylight(s)

Exterior Features

  • Exterior Features: Fence, Patio
  • View: Canal
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Pool, Salt Water
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Metal, Other

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated, Park
  • Senior Community: No
  • Amenities: Trail(s)
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 12434608180030110
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 13601.0
  • Zoning Description: R-1-AA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 13007.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Sep 29, 2020
Sold by
Schwalbe Tiffany and Rice Peter O
Bought by
Sheikh Andrea Beth and Sheikh Andrea Beth
Seller's Agent
Steve Martel
Coldwell Banker Realty /Delray Beach
Buyer's Agent
Steve Martel
Coldwell Banker Realty /Delray Beach
List Price
$2,400,000
Sold Price
$1,985,000
Premium/Discount to List
-$415,000
-17.29%
Current Estimated Value
$3,582,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,597,955
Avg. Annual Appreciation
12.35%
Original Mortgage
$1,588,000
Outstanding Balance
$1,412,441
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,170,514

Purchase Details

Closed on
Feb 27, 2008
Sold by
Honeycutt Leslie A and Honeycutt Christine L
Bought by
Rice Peter O and Schwalbe Tiffany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 1993
Sold by
Sillence Scott F
Bought by
Honeycutt Leslie A and Honeycutt Christine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
7.34%
Source: Public Records

Range of Values:

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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
Sheikh Andrea Beth $1,985,000 Independence Ttl Ins Agcy In
Rice Peter O $550,000 Alliant Title & Escrow
Honeycutt Leslie A $122,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheikh Andrea Beth $1,588,000
Previous Owner Rice Peter O $335,000
Previous Owner Honeycutt Leslie A $115,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2020 09/29/20 Sold $1,985,000 -17.3% $441 / Sq Ft
08/30/2020 08/30/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $2,400,000 -- $533 / 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 $31,199 $1,733,044 -- --
2023 $31,421 $1,682,567 $0 $0
2022 $31,240 $1,633,560 $0 $0
2021 $31,393 $1,585,981 $0 $0
2020 $13,172 $677,120 $0 $0
2019 $13,007 $661,896 $0 $0
2018 $12,475 $649,554 $0 $0
2017 $12,447 $636,194 $0 $0
2016 $12,526 $623,109 $0 $0
2015 $12,863 $618,778 $0 $0
2014 $6,972 $344,701 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Steve Martel

    Coldwell Banker Realty /Delray Beach

    (561) 278-0300

    24 in this area

    62 Total Sales

    Steve Martel
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10629562

BeachesMLS

APN: 12-43-46-08-18-003-0110

Florida Palm Beach County Delray Beach 33444 Downtown Delray Beach

514 NW 8th Ave, Delray Beach, FL

This home is located at 514 NW 8th Ave, Delray Beach, FL 33444 since 10 June 2020 and is currently estimated at $3,582,955, approximately $795 per square foot. This property was built in 1990. 514 NW 8th Ave is a home located in Palm Beach County with nearby schools including Plumosa School of the Arts, Carver Community Middle School, and Atlantic 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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