NOT LISTED FOR SALE

City Place South Tower 550 Okeechobee Blvd Unit 1202 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $1,076,000 - $1,534,000

3 Beds
2 Baths
1,709 Sq Ft
$1,341/mo HOA Fee

Last Sold June 09, 2023

Last sale price $1,375,000 $805 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $10,352/month

73 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Sauna
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • Community Pool

About This Home

As of June 2023

The only 3 bedroom unit for sale in Cityplace South Tower! Direct Water Views from this stunning designer turnkey north and east facing unit with wraparound terrace. Just bring your toothbrush! Includes 2 parking spaces and additional private storage. Other features include extended oversized counter-height kitchen island with a farm style sink, GE Monorgram refrigerator, separate wine fridge, high end bedroom carpeting, window treatments, amongst a number of other well thought out upgrades. CityPlace South Tower is a full service luxury building with 24 hour doorman, valet, resort pool, gym, club room, and spa facilities. Located across from Rosemary Square in the heart of West Palm Beach. Walkable to the waterfront, Clematis St,

Last Agent to Sell the Property

Seth Koretzky

Compass Florida LLC License #3312479 Listed on: 01/13/2023

Compass Florida LLC

Last Buyer's Agent

Seth Koretzky

Compass Florida LLC License #3312479 Listed on: 01/13/2023

Compass Florida LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,903

Year Built

  • Built in 2008

Lot Details

  • 1

HOA Fees

  • $1,341 Monthly HOA Fees

Parking

  • 2 Car Garage

Interior Spaces

  • 1,709 Sq Ft Home
  • Built-In Features
  • Combination Dining and Living Room

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 74434328340001202

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, reserve fund, sewer, security, trash, water, internet
  • Cityplace South Tower Con Subdivision
  • 20-Story Property

Amenities

  • Billiard Room
  • Community Storage Space
  • Community Wi-Fi

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,903

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,341 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: East off of Okeechobee Blvd
  • Year Built: 2008
  • Entry Level: 12
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Dual Sinks, Living/Dining Room, Pantry, Split Bedrooms, Separate Shower
  • Spa Features: Community
  • Appliances: Cooktop, Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Marble
  • Living Area: 1709.0
  • Dining Room Type: Storage Room
  • Stories: 20
  • Window Features: Impact Glass

Exterior Features

  • Pool Features: None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association Fee: 1341.0
  • Community Features: Internet Access, Non-Gated, Property Manager On-Site, Pool, Sauna
  • Senior Community: No
  • Amenities: Billiard Room, Clubhouse, Fitness Center, Management, Pool, Sauna, Spa/Hot Tub, Storage
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Reserve Fund, Sewer, Security, Trash, Water, Internet

Lot Info

  • Parcel #: 74434328340001202
  • Zoning Description: CPD(ci

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 12903.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
Jul 3, 2023
Sold by
Sokolich Mark and Sokolich Denise
Bought by
Myers Steven
Seller's Agent
Seth Koretzky
Compass Florida LLC
Buyer's Agent
Seth Koretzky
Compass Florida LLC
List Price
$1,695,000
Sold Price
$1,375,000
Premium/Discount to List
-$320,000
-18.88%
Views
26
Current Estimated Value
$1,332,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,304
Avg. Annual Appreciation
-0.39%
Original Mortgage
$1,100,000
Outstanding Balance
$1,077,492
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$286,752

Purchase Details

Listed on
Feb 2, 2017
Closed on
Feb 24, 2017
Sold by
Kann Maryann
Bought by
Sokolich Mark
Seller's Agent
Karen Donnelly
William Raveis Real Estate
Buyer's Agent
Tierney O'Hara
Sotheby's Intl. Realty, Inc.
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%

Purchase Details

Closed on
Apr 30, 2015
Sold by
Napolitano Michael A and Napolitano Carolyn
Bought by
Kann Maryann

Purchase Details

Closed on
Dec 23, 2008
Sold by
Cityplace South Tower Llc
Bought by
Napolitano Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage
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
Myers Steven $1,375,000 New Path Title
Sokolich Mark $725,000 Attorney
Kann Maryann $625,000 Title Matters Llc
Napolitano Michael A $579,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Myers Steven $1,100,000
Previous Owner Napolitano Michael A $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2023 06/09/23 Sold $1,375,000 -16.7% $805 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
02/16/2023 02/16/23 Price Changed $1,650,000 -2.7% $965 / Sq Ft
01/13/2023 01/13/23 For Sale $1,695,000 +133.8% $992 / Sq Ft
02/24/2017 02/24/17 Sold $725,000 -3.3% $424 / Sq Ft
02/02/2017 02/02/17 For Sale $750,000 +20.0% $439 / Sq Ft
11/11/2015 11/11/15 Sold $625,000 -8.0% $366 / Sq Ft
10/12/2015 10/12/15 Pending -- -- --
03/13/2015 03/13/15 For Sale $679,000 0.0% $397 / Sq Ft
02/20/2012 02/20/12 Rented $3,500 0.0% --
01/21/2012 01/21/12 Under Contract -- -- --
11/01/2011 11/01/11 For Rent $3,500 -- --
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 $19,039 $963,000 -- --
2023 $15,314 $662,904 $0 $0
2022 $12,903 $602,640 $0 $0
2021 $13,244 $600,000 $0 $600,000
2020 $13,267 $595,000 $0 $595,000
2019 $13,725 $610,000 $0 $610,000
2018 $13,130 $600,000 $0 $600,000
2017 $11,578 $570,000 $0 $0
2016 $10,325 $455,000 $0 $0
2015 $9,236 $381,150 $0 $0
2014 $8,253 $346,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Seth Koretzky

    Compass Florida LLC

    (561) 339-7745

    38 in this area

    81 Total Sales

    Seth Koretzky
    Section Image

  • K

    Seller's Agent in 2017

    Karen Donnelly

    William Raveis Real Estate

    (561) 358-9352

    29 Total Sales

    Karen Donnelly
    Section Image
  • Tierney O'Hara

    Buyer's Agent in 2017

    Tierney O'Hara

    Sotheby's Intl. Realty, Inc.

    (561) 449-1212

    13 in this area

    67 Total Sales

    Tierney O'Hara
    Section Image

  • R

    Seller's Agent in 2015

    Robert Kemp

    Douglas Elliman

    (561) 309-6246

    6 in this area

    43 Total Sales

    Robert Kemp
    Section Image

  • Y

    Seller's Agent in 2012

    Yianna Kaplanidis

    The Corcoran Group

    (561) 267-9898

    3 in this area

    41 Total Sales

    Section Image

  • E

    Buyer's Agent in 2012

    ELIZABETH BRIDGES

    The Corcoran Group

See All Agents

About City Place South Tower

Map

Source: BeachesMLS

MLS Number: R10857976

BeachesMLS

APN: 74-43-43-28-34-000-1202

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

550 Okeechobee Blvd Unit 1202, West Palm Beach, FL

This home is located at 550 Okeechobee Blvd Unit 1202, West Palm Beach, FL 33401 since 13 January 2023 and is currently estimated at $1,332,696, approximately $779 per square foot. This property was built in 2008. 550 Okeechobee Blvd Unit 1202 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.

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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