NOT LISTED FOR SALE

The Plaza of the Palm Beaches 525 S Flagler Dr Unit 62 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $1,910,134 - $1,993,000

2 Beds
2 Baths
1,927 Sq Ft
3.42 Acres

Last Sold July 17, 2015

Last sale price $590,000 $306 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $12,469/month

Highlights

  • Doorman
  • Fitness Center
  • Clubhouse
  • Property fronts an intracoastal waterway
  • Gated with Attendant
  • 2-minute walk to South Cove Natural Area

About This Home

As of May 2022

Annual unfurnished lease available for $10,000 per month in gated Downtown Luxury Building. Fresh and recently renovated two bedroom/ two bath apartment with direct intracoastal views, East and West terraces provide expansive water views and city views. Full amenity building includes 24 hr security, doorman, & valet, concierge, East and West swimming pools, gym, tennis and pickleball courts.

Last Agent to Rent the Property

Pamela Gottfried

Douglas Elliman License #0373953 Listed on: 12/03/2021

Douglas Elliman

Co-Listed By

Joan Wenzel

Douglas Elliman License #597469

Last Renter's Agent

Fern Fodiman

Sotheby's Intl. Realty, Inc. License #3229026

Sotheby's Intl. Realty, Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,434

Year Built

  • Built in 1986

Lot Details

Parking

  • 2 Car Garage

Property Views

Home Design

  • 1,927 Sq Ft Home

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Municipal Trash

Listing and Financial Details

  • Property Available on 12/3/21
  • Assessor Parcel Number 74434322250000062

Community Details

Overview

  • 221 Units
  • Plaza Of The Palm Beaches Subdivision

Amenities

  • Doorman
  • Valet Parking
  • Business Center

Recreation

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$22,434

Year Built

Built in 1986

Lot Details

0

Parking

2

Rental Info

  • Tenant Pays: Exterior Electric
  • Available Date: 2021-12-03

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Located on Flagler Drive, just North of Okeechobee Blvd, in between Flagler and Royal Palm Bridges
  • Year Built: 1986
  • Entry Level: 6
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dual Sinks, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Marble, Other, Vinyl
  • Living Area: 1927.0
  • Dining Room Type: Laundry

Exterior Features

  • Exterior Features: Balcony, Patio, Tennis Court(s)
  • View: Intercoastal, Pool, Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Patio And Porch Features: Balcony, Open, Patio

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Garage, Valet

Utilities

  • Security: Closed Circuit Camera(s), Door Man, Gated with Guard, Security Guard, Fire Sprinkler System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Gated, Property Manager On-Site, Pool, Sauna, Tennis Court(s)
  • Senior Community: No
  • Amenities: Business Center, Clubhouse, Fitness Center, Management, Pool, Sauna, Tennis Court(s), Trash

Lot Info

  • Parcel #: 74434322250000062

Multi Family

  • Number Of Units In Community: 221

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2015
Sold by
Farris Ray K
Bought by
Florida Condo Properties Llc
Current Estimated Value
$1,949,034

Purchase Details

Listed on
Mar 16, 2015
Closed on
Jul 13, 2015
Sold by
Field John
Bought by
Franklin Fields Limited Partnership
Seller's Agent
Barbara Martineau Rosenthal
BARBARA MARTINEAU ROSENTHAL, INC
Buyer's Agent
Aeyung Park de Melo
The Corcoran Group
List Price
$695,000
Sold Price
$590,000
Premium/Discount to List
-$105,000
-15.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.53%

Purchase Details

Listed on
Mar 16, 2015
Closed on
Jul 9, 2015
Sold by
Franklin Fields Limited Partnership
Bought by
Farris Ii Ray K
Seller's Agent
Barbara Martineau Rosenthal
BARBARA MARTINEAU ROSENTHAL, INC
Buyer's Agent
Aeyung Park de Melo
The Corcoran Group
List Price
$695,000
Sold Price
$590,000
Premium/Discount to List
-$105,000
-15.11%

Purchase Details

Closed on
Dec 22, 1999
Sold by
Field Jack W
Bought by
Franklin Fields Ltd Prtnrshp
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Florida Condo Properties Llc -- Attorney
Franklin Fields Limited Partnership -- Attorney
Farris Ii Ray K $580,000 Attorney
Franklin Fields Limited Partnership -- Attorney
Franklin Fields Ltd Prtnrshp -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2022 05/01/22 Rented $10,000 0.0% --
04/01/2022 04/01/22 Under Contract -- -- --
12/03/2021 12/03/21 For Rent $10,000 +100.0% --
05/14/2019 05/14/19 Rented $5,000 0.0% --
04/14/2019 04/14/19 Under Contract -- -- --
02/08/2019 02/08/19 For Rent $5,000 +11.1% --
07/07/2016 07/07/16 Rented $4,500 0.0% --
06/07/2016 06/07/16 Under Contract -- -- --
01/21/2016 01/21/16 For Rent $4,500 0.0% --
07/17/2015 07/17/15 Sold $590,000 -15.1% $306 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
03/16/2015 03/16/15 For Sale $695,000 -- $361 / 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 $22,434 $865,150 -- --
2023 $20,808 $786,500 $0 $0
2022 $18,176 $715,000 $0 $0
2021 $14,981 $650,000 $0 $650,000
2020 $17,145 $765,000 $0 $765,000
2019 $16,799 $750,000 $0 $750,000
2018 $13,730 $600,000 $0 $600,000
2017 $13,421 $650,000 $0 $0
2016 $11,834 $500,000 $0 $0
2015 $8,194 $292,820 $0 $0
2014 $7,526 $266,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Landlord's Agent in 2022

    Pamela Gottfried

    Douglas Elliman

    (561) 371-5700

    3 in this area

    67 Total Sales

    Pamela Gottfried
    Section Image
  • Joan Wenzel

    Landlord's Co-Listing Agent in 2022

    Joan Wenzel

    Douglas Elliman

    (561) 371-5743

    4 in this area

    74 Total Sales

    Joan Wenzel
    Section Image
  • Fern Fodiman

    Tenant's Agent in 2022

    Fern Fodiman

    Sotheby's Intl. Realty, Inc.

    (917) 400-5624

    9 in this area

    75 Total Sales

    Fern Fodiman
    Section Image

  • E

    Seller's Agent in 2019

    ELIZABETH HOADLEY

    Keller Williams Preferred Luxury LLC

  • C

    Seller's Agent in 2016

    CHRISTINE FRANKS

    WILSHIRE INTL. REALTY

  • Grace Brown

    Buyer's Agent in 2016

    Grace Brown

    Brown Harris Stevens of Palm Beach 5225

    (561) 312-6822

    29 Total Sales

    Grace Brown
    Section Image
See All Agents

About The Plaza of the Palm Beaches

Map

Source: BeachesMLS

MLS Number: R10762579

BeachesMLS

APN: 74-43-43-22-25-000-0062

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

525 S Flagler Dr Unit 62, West Palm Beach, FL

This home is located at 525 S Flagler Dr Unit 62, West Palm Beach, FL 33401 since 03 December 2021 and is currently priced at $1,949,034. This property was built in 1986. 525 S Flagler Dr Unit 62 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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