$1,750,000
SOLD JAN 17, 2023

The Plaza of the Palm Beaches 525 S Flagler Dr Unit 1101 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood
3 Beds
2 Baths
2,091 Sq Ft
$2,163/mo HOA Fee

Recently Sold

$837 Per Sq Ft

26% Below List Price

39 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Outdoor Pool
  • Property fronts an intracoastal waterway
  • Tennis Courts
  • 2-minute walk to South Cove Natural Area

About This Home

As of January 2023

Desirable three bedroom, two and a half baths condo with spectacular ocean and lake views.

Last Agent to Sell the Property

Andrew Thomka-Gazdik

Sotheby's International Realty, Inc. License #3024904 Listed on: 11/03/2022

Sotheby's International Realty, Inc.

Last Buyer's Agent

Andrew Thomka-Gazdik

Sotheby's International Realty, Inc. License #3024904 Listed on: 11/03/2022

Sotheby's International Realty, Inc.

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $7,917

Year Built

  • Built in 1986

Lot Details

  • Home has sun exposure from multiple directions
  • Gated Home

HOA Fees

  • $2,163 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 2,091 Sq Ft Home
  • Wet Bar
  • Dining Area
  • Storage
  • Home Gym

Kitchen

  • Single Oven
  • Electric Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Eco-Friendly Details

  • Non-Toxic Pest Control

Pool

  • Outdoor Pool
  • Heated Pool

Outdoor Features

  • Tennis Courts

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 74434322250001101

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water
  • 221 Units
  • The Plaza Of The Palm Beaches Community
  • On-Site Maintenance
  • 31-Story Property

Amenities

  • Doorman
  • Common Area
  • Elevator

Recreation

Pet Policy

  • Pet Restriction
  • Small pets allowed

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$7,917

Year Built

Built in 1986

Lot Details

0

HOA Fees

$2,163 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: The Plaza of the Palm Beaches
  • Year Built: 1986
  • Location Tax Legal:Name of Building: The Plaza of the Palm Beaches
  • Location Tax Legal:Zoned: R-D(1) - Moderate Density Residential
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 7917.0
  • Location Tax Legal:Tax Year2: 2022
  • General Property Description:Living Area: 2091.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 6488.0
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 221
  • General Property Description:_pound_ Floors: 31.0
  • Waterfront-Building:ICW-Across Street: Yes
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Exposure of Unit:North2: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Pets:Pets Allowed: Yes
  • Security:Gate House: Yes
  • Exposure of Unit:West2: Yes
  • Security:Security Guards: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Maintenance Includes:Cable TV: Yes
  • Pool:Heated Elec: Yes
  • Floors:StoneBrick: Yes
  • Pets:Weight Restrictions: 25 lbs or Under
  • Waterfront-Unit:ICW-Across Street2: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Oven-Single, Microwave, Washer, Dryer, Range - Electric
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble, Stone/Brick, W/W Carpeting, Other Flooring
  • Interior Amenities: Cable, Storage, Wet Bar, Smoke Alarms
  • Living Area: 2091.0
  • Stories: 31
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Interior Features:Wet Bar: Yes

Exterior Features

  • Pool Features: Pool, Fresh Water, Heated Elec
  • Pool Private: Yes
  • Exterior Features: Balcony, Storm Shutters, Tennis Court - Hard, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Tennis Court - Hard: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Storm Shutters: Yes

Garage/Parking

  • Parking:Garage2: Yes
  • Parking:_one_ Car2: Yes
  • Parking:Covered Parking: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Gate House, Security Guards, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Exercise Facility
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 74434322250001101
  • Zoning: R-D(1) - Moderate

Multi Family

  • Number Of Units Total: 221
  • Maintenance Expense: 6488.0

Tax Info

  • Tax Annual Amount: 7917.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2022
Closed on
Jan 5, 2023
Sold by
Diane Milley Revocable Trust
Bought by
Equity Flagler 11A Llc
Seller's Agent
Andrew Thomka-Gazdik
Sotheby's International Realty, Inc.
Buyer's Agent
Andrew Thomka-Gazdik
Sotheby's International Realty, Inc.
List Price
$2,350,000
Sold Price
$1,750,000
Premium/Discount to List
-$600,000
-25.53%
Views
7
Current Estimated Value
$2,445,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$695,636
Avg. Annual Appreciation
13.46%

Purchase Details

Closed on
Nov 3, 2022
Sold by
Milley Diana J
Bought by
Milley-Mendoza Diana and Milley-Mendoza Diana

Purchase Details

Closed on
Oct 10, 2003
Sold by
Asencio Diego C and Asencio Nancy R
Bought by
Milley Diana J

Purchase Details

Closed on
Sep 8, 1999
Sold by
Bette J Bialek Tr and Samuel M Bialek Tr
Bought by
Asencio Diego C and Asencio Nancy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,500
Interest Rate
7.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 1997
Sold by
Bialek Betty J and Bialek Samuel M
Bought by
Bialek Bette J and Bialek Samuel M

Purchase Details

Closed on
Apr 5, 1996
Sold by
Katzell Jeffrey
Bought by
Bialek Bette J

Purchase Details

Closed on
Jan 31, 1994
Sold by
Mclean Mildred B
Bought by
Katzell Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.1%
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 Type Sale Price Title Company
Warranty Deed $1,750,000 --
Warranty Deed $1,750,000 None Listed On Document
Deed -- --
Warranty Deed $700,000 --
Deed $505,000 --
Warranty Deed $100 --
Warranty Deed $382,000 --
Warranty Deed $282,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $353,500 New Conventional
Previous Owner $132,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2023 01/17/23 Sold $1,750,000 -25.5% $837 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
12/12/2022 12/12/22 For Sale $2,350,000 0.0% $1,124 / Sq Ft
11/03/2022 11/03/22 For Sale $2,350,000 -- $1,124 / 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 $35,556 $1,650,000 -- --
2023 $33,640 $1,550,000 $0 $1,550,000
2022 $7,917 $392,435 $0 $0
2021 $7,897 $381,005 $0 $0
2020 $7,853 $375,745 $0 $0
2019 $8,048 $367,297 $0 $0
2018 $7,340 $360,448 $0 $0
2017 $7,246 $353,034 $0 $0
2016 $7,227 $345,773 $0 $0
2015 $7,364 $343,369 $0 $0
2014 $7,369 $340,644 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Thomka-Gazdik

    Seller's Agent in 2023

    Andrew Thomka-Gazdik

    Sotheby's International Realty, Inc.

    (561) 714-8955

    30 in this area

    50 Total Sales

    Andrew Thomka-Gazdik
    Section Image
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About The Plaza of the Palm Beaches

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 22-1596

APN: 74-43-43-22-25-000-1101

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

525 S Flagler Dr Unit 1101, West Palm Beach, FL

This home is located at 525 S Flagler Dr Unit 1101, West Palm Beach, FL 33401 and is currently priced at $1,750,000, approximately $836 per square foot. This property was built in 1986. 525 S Flagler Dr Unit 1101 is a home located in Palm Beach County with nearby schools including U. B. Kinsey/Palmview Elementary School, Conniston Middle School, and Forest Hill Community High School.

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