$725,000
SOLD FEB 24, 2017

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

Downtown West Palm Beach Neighborhood
3 Beds
2 Baths
1,709 Sq Ft
$1,069/mo HOA Fee

Recently Sold

$424 Per Sq Ft

3% Below List Price

21 Days on Market

Highlights

  • Ocean View
  • Marble Flooring
  • Game Room
  • Palm Beach Public School Rated A-
  • Community Pool
  • Breakfast Area or Nook

About This Home

As of June 2023

This three bedroom, two bath east and north facing residence is enhanced with gorgeous tile floors in living spaces, carpet in sleeping areas, modern kitchen with wine cooler and stainless steel appliances, granite counter tops, floor to ceiling hurricane impact windows and sliding doors, master bath with frameless glass shower, double vanity, separate soaking tub, walk-in closets, a massive storage unit, and two deeded tandem garage parking spots. CityPlace South Tower features resort-style living with heated infinity pool, designer gym, valet parking, 24-hour lobby concierge, Wi-Fi, massage room, steam room, sauna, yoga studio, billiard room, lending library, outdoor kitchen, and is dog friendly! Close to City Place, Clematis (by trolley), Kravis Center, and

Last Agent to Sell the Property

Karen Donnelly

William Raveis Real Estate License #3097619 Listed on: 02/02/2017

Last Buyer's Agent

Tierney O'Hara

Sotheby's Intl. Realty, Inc. License #3087366

Sotheby's Intl. Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,325

Year Built

  • Built in 2008

HOA Fees

  • $1,069 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Assigned Parking

Property Views

Interior Spaces

  • 1,709 Sq Ft Home
  • Ceiling Fan
  • Sliding Windows
  • Entrance Foyer
  • Combination Dining and Living Room
  • Closed Circuit Camera

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • East Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 74434328340001202

Community Details

Overview

  • Association fees include management, common areas, cable TV, hot water, insurance, maintenance structure, parking, pool(s), reserve fund, roof, sewer, trash, water
  • High-Rise Condominium
  • Cityplace South Tower Subdivision
  • 21-Story Property

Amenities

  • Game Room
  • Elevator

Recreation

  • Community Spa
  • Park

Security

  • Resident Manager or Management On Site
  • Impact Glass
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,325

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,069 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: I-95 east on Okeechobee to S. Rosemary. Go south on Rosemary and take first left
  • Year Built: 2008
  • Architectural Style: High Rise
  • Unit Levels: Three Or More
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Breakfast Area, Entrance Foyer, Living/Dining Room, Split Bedrooms, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Marble
  • Living Area: 1709.0
  • Dining Room Type: Laundry
  • Stories: 21
  • Window Features: Impact Glass, Sliding

Exterior Features

  • View: Lake, Ocean, Water
  • Pool Features: None, Community
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: East

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Garage, Garage Door Opener

Utilities

  • Security: Closed Circuit Camera(s), Fire Sprinkler System
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available

Condo/Co-op/Association

  • Association Fee: 1069.0
  • Community Features: Fitness, Game Room, Park, Property Manager On-Site, Pool, Sidewalks
  • Senior Community: No
  • Amenities: Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Conditional

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Hot Water, Insurance, Maintenance Structure, Parking, Pool(s), Reserve Fund, Roof, Sewer, Trash, Water

Lot Info

  • Parcel #: 74434328340001202
  • Zoning Description: 0400

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 10325.0

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 Type Sale Price Title Company
Warranty Deed $1,375,000 New Path Title
Warranty Deed $725,000 Attorney
Warranty Deed $625,000 Title Matters Llc
Special Warranty Deed $579,900 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,100,000 New Conventional
Previous Owner $417,000 Purchase Money Mortgage
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: R10304691

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 and is currently priced at $725,000, approximately $424 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.

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