$24,244,175
SOLD JUN 12, 2020

516 S Ocean Blvd Palm Beach, FL 33480

5 Beds
7 Baths
8,423 Sq Ft
0.52 Acres

Recently Sold

$2,878 Per Sq Ft

211 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Property has ocean access
  • Marble Flooring
  • Palm Beach Public School Rated A-
  • Cabana
  • Mediterranean Architecture

About This Home

As of April 2025

Modern Seaside Mediterranean with deeded beach parcel. Ensconced on a ½+ acre lot directly across from the beach, this casually elegant estate enjoys sweeping ocean views and every amenity for relaxed living. Gracious entertaining comes naturally in the ocean-side living room with gas fireplace, media room with full bar, formal dining room for 10, all served by a gourmet chef's marble island kitchen with top-tier appliances and butler's pantry. Beachside living is enhanced with dual ocean view and pool view covered loggias, an oversized heated pool with built-in spa, cabana w/bath and covered patio for poolside dining. Amenities include: elevator, 3-car garage, full house generator, 2 laundry rooms, east & west loggias. DISCLAIMER:
The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. If your property is currently listed, please do not consider this a solicitation. In the event a Buyer defaults, no commission will be paid to either Broker on the Deposits retained by the Seller. "No Commissions Paid until Title Passes." Copyright 2019 Listing Company. All Rights Reserved.

Last Agent to Sell the Property

JIM McCANN

Premier Estate Properties, Inc. - Palm Beach License #BK-397290 Listed on: 10/14/2019

Last Buyer's Agent

JAMES MCCANN

THE CORCORAN GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $222,293

Year Built

  • Built in 2015

Lot Details

  • 0.52 Acre Lot
  • 100 Feet of Waterfront
  • Ocean Front
  • East Facing Home
  • Back Yard Fenced
  • Property is zoned RA

Parking

  • 3 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,423 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Central Vacuum
  • Fireplace
  • Dining Room
  • Library

Kitchen

  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Cabana
  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Property has ocean access
  • Balcony
  • Attached Grill

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Singer Addition Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434326030000040

Home Details

Home Type

Single Family

Est. Annual Taxes

$222,293

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.52
  • Lot Size: 100 approx
  • Subdivision Name: Singer Addition
  • Architectural Style: Mediterranean, Two Story
  • Year Built: 2015
  • Location Tax Legal:Zoned: RA
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 222293.0
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Living Area: 8423.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 100 approx
  • Pool:Heated - Gas: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 22651
  • HOA:None: Yes
  • Windows:Impact Glass: Yes
  • Exposure:East: Yes
  • Roof:Barrel Tile: Yes
  • Style:Mediterranean: Yes
  • General Property Description:Waterfront Ftg: 100.0
  • Waterfront:Ocean-Across Street: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Range-Gas, Microwave, Washer, Dryer, Central Vac System
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Marble, W/W Carpeting
  • Interior Amenities: Cable, Elevator, Fireplace, Smoke Detectors, Pantry
  • Living Area: 8423.0
  • Window Features: Impact Glass, Impact Glass-Full
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Range-Gas: Yes
  • Appliances:Central Vac System: Yes

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Pool Features: Pool, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: Ocean-Across Street
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony, Cabana, Fence-Back Wall, Ocean Access-Deeded, Built-in Grill, Impact Doors, Impact Windows
  • Roof: Barrel
  • Exterior Features:Balcony: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Built-in Grill: Yes
  • Exterior Features:Cabana: Yes

Garage/Parking

  • Parking Features: 3 Car, Attached, Air Conditioned
  • Garage: Yes
  • Garage:_three_ Car: Yes
  • Garage:Air Conditioned: Yes

Utilities

  • Security: Security System

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 22651.0
  • Parcel #: 50434326030000040
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 222293.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2019
Closed on
Jun 12, 2020
Sold by
Sinclair Christopher A and Sinclair Margaret D
Bought by
Rabideau Guy and The 516S0b Trust
Seller's Agent
JIM McCANN
Premier Estate Properties, Inc. - Palm Beach
Buyer's Agent
JAMES MCCANN
THE CORCORAN GROUP
List Price
$24,244,175
Sold Price
$24,244,175
Current Estimated Value
$27,917,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,673,241
Avg. Annual Appreciation
2.75%

Purchase Details

Listed on
Jan 23, 2013
Closed on
Aug 1, 2013
Sold by
516 South Ocean Boulevard Llc
Bought by
Sinclair Christopher A and Sinclair Margaret D
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
JIM McCANN
Premier Estate Properties, Inc
List Price
$9,900,000
Sold Price
$8,694,912
Premium/Discount to List
-$1,205,088
-12.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.10%

Purchase Details

Closed on
Aug 4, 2011
Sold by
516 Ocean Blvd Llc
Bought by
516 South Ocean Boulevard Llc

Purchase Details

Closed on
Apr 15, 2010
Sold by
Feldman Robert M and Feldman Amy
Bought by
516 Ocean Blvd Llc

Purchase Details

Closed on
Sep 30, 2008
Sold by
516 South Ocean Holdings Inc
Bought by
Feldman Robert M and Feldman Amy

Purchase Details

Closed on
Dec 1, 2005
Sold by
South Ocean Drive Llc
Bought by
516 South Ocean Holdings Inc

Purchase Details

Closed on
Sep 30, 2005
Sold by
South Ocean Drive Llc
Bought by
516 South Ocean Holdings Inc

Purchase Details

Closed on
Dec 21, 2004
Sold by
Perillo Joseph and Pfister Suzanne
Bought by
South Ocean Drive Llc
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 Type Sale Price Title Company
Warranty Deed $24,244,175 Attorney
Warranty Deed $8,694,911 Attorney
Warranty Deed $6,200,000 Attorney
Warranty Deed -- None Available
Warranty Deed $10,400,000 None Available
Special Warranty Deed -- --
Warranty Deed $8,050,000 --
Deed $6,250,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $14,025,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2025 04/24/25 Sold $51,420,000 -10.6% $5,168 / Sq Ft
04/10/2025 04/10/25 Pending -- -- --
03/06/2025 03/06/25 Price Changed $57,500,000 -4.2% $5,779 / Sq Ft
12/12/2024 12/12/24 For Sale $60,000,000 +147.5% $6,031 / Sq Ft
06/12/2020 06/12/20 Sold $24,244,175 0.0% $2,878 / Sq Ft
05/12/2020 05/12/20 Pending -- -- --
10/14/2019 10/14/19 For Sale $24,244,175 +178.8% $2,878 / Sq Ft
08/01/2013 08/01/13 Sold $8,694,912 0.0% --
08/01/2013 08/01/13 Sold $8,694,912 -12.2% --
07/02/2013 07/02/13 Pending -- -- --
05/07/2013 05/07/13 Pending -- -- --
01/23/2013 01/23/13 For Sale $9,900,000 +13.9% --
10/11/2012 10/11/12 For Sale $8,694,912 -- --
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 $436,545 $25,922,917 -- --
2023 $422,527 $23,566,288 $0 $0
2022 $393,538 $21,423,898 $0 $0
2021 $317,312 $19,476,271 $12,400,000 $7,076,271
2020 $211,813 $12,803,156 $8,700,000 $4,103,156
2019 $223,173 $13,212,025 $0 $0
2018 $211,950 $12,965,677 $0 $0
2017 $212,133 $12,698,998 $8,314,166 $4,384,832
2016 $215,735 $12,582,409 $0 $0
2015 $142,341 $7,796,745 $0 $0
2014 $128,617 $7,087,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dana Koch

    Seller's Agent in 2025

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    224 Total Sales

    Dana Koch
    Section Image

  • L

    Buyer's Agent in 2025

    Lawrence A Moens

    Lawrence A. Moens Associates

    (561) 655-5510

    119 Total Sales

    Lawrence A Moens
    Section Image

  • J

    Seller's Agent in 2020

    JIM McCANN

    Premier Estate Properties, Inc. - Palm Beach

    (561) 307-1525

    71 Total Sales

    JIM McCANN
    Section Image

  • J

    Buyer's Agent in 2020

    JAMES MCCANN

    THE CORCORAN GROUP

  • Christian Angle

    Seller's Agent in 2013

    Christian Angle

    Christian Angle Real Estate

    (561) 629-3015

    202 Total Sales

    Christian Angle
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 19-1959

APN: 50-43-43-26-03-000-0040

Florida Palm Beach County Palm Beach 33480

516 S Ocean Blvd, Palm Beach, FL

This home is located at 516 S Ocean Blvd, Palm Beach, FL 33480 and is currently priced at $24,244,175, approximately $2,878 per square foot. This property was built in 2015. 516 S Ocean Blvd is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill 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.

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