NOT LISTED FOR SALE

The Plaza of the Palm Beaches 525 S Flagler Dr Unit 22AB West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $6,187,702 - $7,741,000

5 Beds
4.5 Baths
4,018 Sq Ft
$4,249/mo HOA Fee

Last Sold December 28, 2022

Last sale price $8,200,000 $2,041 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $51,951/month

53 Days on Market

Highlights

  • Doorman
  • Lake Front
  • Fitness Center
  • Ocean View
  • Community Cabanas
  • 2-minute walk to South Cove Natural Area

About This Home

As of December 2022

Stunning double unit. Beautifully renovated. No expense spared. Over 4,000 total sq.ft. Three bedrooms, 4 full bathrooms and one half bath. Den. Sweeping views of the Ocean, Intracoastal Waterway, and the Island of Palm Beach. Grand living area. Italian porcelain tile throughout, Miele appliances, custom cabinets, built-in dry bar, custom work station, hurricane impact doors and windows, Sonos sound system, electric blinds, and ample storage space throughout. North, East and West exposures. Outdoor balcony offers exceptional living/dining space and water views. Full service, luxury building with 24-hour security, valet parking, concierge, two swimming pools, fitness room, conference room, and tennis court with pickleball. Pet friendly.

Last Agent to Sell the Property

Andrew Thomka-Gazdik

Sotheby's Intl. Realty, Inc. License #3024904 Listed on: 11/04/2022

Sotheby's Intl. Realty, Inc.

Last Buyer's Agent

KEVIN CONDON

Sotheby's Intl. Realty, Inc. License #3403343

Sotheby's Intl. Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $46,370

Year Built

  • Built in 1986

Lot Details

  • Sprinkler System

HOA Fees

  • $4,249 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit
  • Deeded Parking

Property Views

Interior Spaces

  • 4,018 Sq Ft Home
  • Wet Bar
  • Custom Mirrors
  • Built-In Features
  • Bar
  • Entrance Foyer
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Roman Tub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer
  • Laundry Tub

Home Security

Outdoor Features

  • No Fixed Bridges
  • Wrap Around Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434322250002201

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, maintenance structure, pest control, sewer, security, trash, water
  • High-Rise Condominium
  • Plaza Of The Palm Beaches Subdivision
  • 33-Story Property

Amenities

  • Doorman
  • Business Center
  • Community Library
  • Bike Room
  • Community Storage Space
  • Elevator

Recreation

  • Community Cabanas
  • Community Spa
  • Trails

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$46,370

Year Built

Built in 1986

Lot Details

0

HOA Fees

$4,249 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 1986
  • Architectural Style: High Rise
  • Entry Level: 22
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Closet Cabinetry, Dual Sinks, Entrance Foyer, Elevator, Garden Tub/Roman Tub, Custom Mirrors, Pantry, Split Bedrooms, Separate Shower, Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Washer/Dryer, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Tile
  • Living Area: 4018.0
  • Dining Room Type: Laundry, Storage Room
  • Stories: 33

Exterior Features

  • Exterior Features: Balcony, TV Antenna
  • View: Intercoastal, Ocean, Pool, Water
  • Lot Features: Sprinklers Automatic
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Intracoastal Access, Lake Front, No Fixed Bridges
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Wrap Around
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Deeded, Garage, Two or More Spaces

Utilities

  • Laundry Features: Laundry Tub
  • Security: Door Man, Gated with Guard, Security Guard, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 4249.0
  • Community Features: Clubhouse, Gated, Property Manager On-Site, Pool, Street Lights, Sidewalks, Tennis Court(s)
  • Senior Community: No
  • Amenities: Bike Storage, Business Center, Cabana, Clubhouse, Fitness Center, Library, Management, Pool, Spa/Hot Tub, Storage, Tennis Court(s), Trail(s), Trash, Elevator(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Maintenance Structure, Pest Control, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 74434322250002201
  • Lot Size Sq Ft: 148951.0
  • Zoning Description: FWD-5(
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 46370.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Dec 28, 2022
Sold by
Equity Flagler 22 Llc
Bought by
525 Flagler Revocable Trust
Seller's Agent
Andrew Thomka-Gazdik
Sotheby's Intl. Realty, Inc.
Buyer's Agent
KEVIN CONDON
Sotheby's Intl. Realty, Inc.
List Price
$8,995,000
Sold Price
$8,200,000
Premium/Discount to List
-$795,000
-8.84%
Views
22
Current Estimated Value
$6,716,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,483,766
Avg. Annual Appreciation
-6.58%
Original Mortgage
$5,000,000
Outstanding Balance
$4,871,584
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$2,054,532

Purchase Details

Closed on
Jun 7, 2021
Sold by
Duchin Jason and Duchin Courtnay
Bought by
Equity Flagler 22 Llc

Purchase Details

Closed on
May 20, 1999
Sold by
Charles T And Colleen Mountain
Bought by
Zauderer Audrey

Purchase Details

Closed on
Mar 18, 1994
Sold by
Mountain Charles T and Mountain Colleen
Bought by
Mountain Charles T and Mountain Colleen
Source: Public Records

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Range of Values:

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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
525 Flagler Revocable Trust $8,200,000 --
Equity Flagler 22 Llc $1,951,475 Premier Title Company Ltd
Zauderer Audrey $1,075,000 --
Mountain Charles T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 525 Flagler Revocable Trust $5,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Sold $8,200,000 -8.8% $2,041 / Sq Ft
11/04/2022 11/04/22 For Sale $8,995,000 -- $2,239 / 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 $123,443 $5,800,000 -- --
2023 $130,715 $6,050,000 $0 $6,050,000
2022 $68,338 $3,088,800 $0 $0
2021 $46,370 $2,375,000 $0 $2,375,000
2020 $44,759 $2,465,000 $0 $2,465,000
2019 $44,188 $2,450,000 $0 $2,450,000
2018 $38,289 $2,350,000 $0 $2,350,000
2017 $35,964 $2,225,000 $0 $0
2016 $30,706 $1,167,620 $0 $0
2015 $27,626 $1,061,473 $0 $0
2014 $26,659 $964,975 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrew Thomka-Gazdik

    Seller's Agent in 2022

    Andrew Thomka-Gazdik

    Sotheby's Intl. Realty, Inc.

    (561) 714-8955

    30 in this area

    51 Total Sales

    Andrew Thomka-Gazdik
    Section Image

  • K

    Buyer's Agent in 2022

    KEVIN CONDON

    Sotheby's Intl. Realty, Inc.

    (646) 457-8919

    1 in this area

    19 Total Sales

    KEVIN CONDON
    Section Image
See All Agents

About The Plaza of the Palm Beaches

Map

Source: BeachesMLS

MLS Number: R10843881

BeachesMLS

APN: 74-43-43-22-25-000-2201

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

525 S Flagler Dr Unit 22AB, West Palm Beach, FL

This home is located at 525 S Flagler Dr Unit 22AB, West Palm Beach, FL 33401 since 04 November 2022 and is currently estimated at $6,716,234, approximately $1,671 per square foot. This property was built in 1986. 525 S Flagler Dr Unit 22AB 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.

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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