The Plaza of the Palm Beaches 525 S Flagler Dr Unit 1501 West Palm Beach, FL 33401
Downtown West Palm Beach Neighborhood
3
Beds
2.5
Baths
2,091
Sq Ft
$2,924/mo
HOA Fee
Highlights
- Doorman
- Fitness Center
- Clubhouse
- Ocean Front
- Gated with Attendant
- 2-minute walk to South Cove Natural Area
About This Home
As of December 2024Experience unparalleled luxury in this stunning direct oceanfront residence at The Plaza in downtown West Palm Beach, located along the coveted S Flagler Drive. This exquisite corner unit boasts floor-to-ceiling glass windows, offering unobstructed views of the intracoastal waterway and ocean from all main living areas, as well as breathtaking sunset views from the bedrooms and their private balcony. Meticulously renovated with a sophisticated design, the home seamlessly integrates the water views, natural light, and vibrant sunsets into its inviting layout. Spanning over 2,091sq sqft, this 3-bedroom, 2.5-bath residence features gorgeous white oak flooring, custom gallery lighting, full impact glass, and a chef's kitchen equipped with Bosch appliances. The smart home system include...
Last Agent to Sell the Property
Douglas Elliman License #3391612 Listed on: 06/12/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $22,574
Year Built
- Built in 1986
Lot Details
HOA Fees
- $2,924 Monthly HOA Fees
Parking
- Over 1 Space Per Unit
- Guest Parking
- Assigned Parking
Property Views
Interior Spaces
- 2,091 Sq Ft Home
- Custom Mirrors
- Furnished or left unfurnished upon request
- Built-In Features
- Bar
- Sliding Windows
- Entrance Foyer
- Family Room
- Combination Dining and Living Room
- Closed Circuit Camera
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Breakfast Bar
- Electric Range
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Closet Cabinetry
- Walk-In Closet
- Dual Sinks
- Roman Tub
- Separate Shower in Primary Bathroom
Laundry
- Laundry Room
- Washer and Dryer
Outdoor Features
- Open Patio
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Municipal Trash
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 74434322250001501
Community Details
Overview
- Association fees include management, common areas, insurance, maintenance structure, parking, pest control, pool(s), roof, sewer, security, trash, water
- 221 Units
- High-Rise Condominium
- Plaza Of The Palm Beaches Subdivision, ''A'' Floorplan
- 33-Story Property
Amenities
- Doorman
- Business Center
- Elevator
- Bike Room
- Community Storage Space
Recreation
- Community Spa
- Trails
Pet Policy
- Pets Allowed
Security
- Gated with Attendant
- Resident Manager or Management On Site
- Impact Glass
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 12, 2024
Closed on
Dec 20, 2024
Sold by
Lourie Claude M and Lourie Roger
Bought by
Schoenhofer Denis and Schoenhofer Julie
Seller's Agent
Christopher Cronican
Douglas Elliman
Buyer's Agent
Lori Cronican
Douglas Elliman
List Price
$2,690,000
Sold Price
$2,100,000
Premium/Discount to List
-$590,000
-21.93%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,115
Avg. Annual Appreciation
6.20%
Purchase Details
Listed on
Feb 5, 2021
Closed on
Apr 30, 2021
Sold by
Russell Graham Maxwell
Bought by
Lourie Claude M
Seller's Agent
ANDERSON OHMAN, Jr.
Illustrated Properties
Buyer's Agent
Robert Jackson
Bob Jackson, Inc.
List Price
$1,550,000
Sold Price
$1,425,000
Premium/Discount to List
-$125,000
-8.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.24%
Original Mortgage
$400,000
Interest Rate
3.1%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 14, 2003
Sold by
Meyer Kenneth and Meyer Amy
Bought by
Russell Graham Maxwell
Similar Homes in West Palm Beach, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,100,000 | First American Title Insurance | |
| Warranty Deed | $2,100,000 | First American Title Insurance | |
| Warranty Deed | $2,100,000 | First American Title Insurance | |
| Warranty Deed | $1,425,000 | Homepartners Title Svcs Llc | |
| Warranty Deed | $775,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $400,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2024 12/20/24 | Sold | $2,100,000 | -8.5% | $1,004 / Sq Ft |
| 11/07/2024 11/07/24 | Price Changed | $2,295,000 | -8.0% | $1,098 / Sq Ft |
| 09/23/2024 09/23/24 | Price Changed | $2,495,000 | -7.2% | $1,193 / Sq Ft |
| 06/12/2024 06/12/24 | For Sale | $2,690,000 | +88.8% | $1,286 / Sq Ft |
| 05/03/2021 05/03/21 | Sold | $1,425,000 | -8.1% | $681 / Sq Ft |
| 04/03/2021 04/03/21 | Pending | -- | -- | -- |
| 02/05/2021 02/05/21 | For Sale | $1,550,000 | -- | $741 / Sq Ft |
Source: BeachesMLS
Tax History Compared to Growth
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 | $23,115 | $1,111,927 | -- | -- |
| 2023 | $22,574 | $1,079,541 | $0 | $0 |
| 2022 | $22,381 | $1,048,098 | $0 | $0 |
| 2021 | $8,685 | $415,642 | $0 | $0 |
| 2020 | $8,637 | $409,903 | $0 | $0 |
| 2019 | $8,855 | $400,687 | $0 | $0 |
| 2018 | $8,082 | $393,216 | $0 | $0 |
| 2017 | $7,983 | $385,128 | $0 | $0 |
| 2016 | $7,963 | $377,207 | $0 | $0 |
| 2015 | $8,115 | $374,585 | $0 | $0 |
| 2014 | $8,121 | $371,612 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
C
Seller's Agent in 2024
Christopher Cronican
Douglas Elliman
(509) 254-1608
70 in this area
106 Total Sales
-
L
Seller Co-Listing Agent in 2024
Lori Cronican
Douglas Elliman
(561) 459-2805
85 in this area
142 Total Sales
-
A
Seller's Agent in 2021
ANDERSON OHMAN, Jr.
Illustrated Properties
(561) 366-1121
4 in this area
30 Total Sales
-
R
Buyer's Agent in 2021
Robert Jackson
Bob Jackson, Inc.
About The Plaza of the Palm Beaches
Map
Source: BeachesMLS
MLS Number: R10995741
APN: 74-43-43-22-25-000-1501
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