$6,500,000
SOLD MAY 22, 2025
0.87 Acre
$7,471,264 Price per Acre
37,897 Sq Ft Lot

Recently Sold

$1,454 Per Sq Ft

13% Below List Price

64 Days on Market

Highlights

  • Dock made with wood
  • River Front
  • Fenced
  • Limestone Creek Elementary School Rated A-

About This Lot

As of May 2025

Here's a rare chance to own a waterfront lot on one of Jupiter's most desirable streets. Situated on Pennock Point, this property offers approximately 114 feet of water frontage with stunning, unobstructed water views, and views of the Jupiter Lighthouse. With no fixed bridges and easy ocean access, it's perfect for anyone who loves being on the water. The lot is cleared, filled, and graded, setting the stage for your future vision. Pilings are already in place, making it dock-ready, and a 10,000 lb boat lift has been installed to accommodate your boating needs. Utility preparations have been thoughtfully handled, with underground systems and FPL connections already in place. The southern exposure enhances the property's appeal, providing sunlight and warmth throughout the day.This is currently the only waterfront lot available in Pennock Point that's ready for immediate development, offering a unique opportunity to create something truly special.

Last Agent to Sell the Property

Robert Thomson

Waterfront Properties & Club Communities License #SL-0465514 Listed on: 02/05/2025

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $77,306

Lot Details

  • 0.87 Acre Lot
  • River Front
  • North Facing Home
  • Fenced
  • Cleared Lot
  • Property is zoned RS

Additional Features

  • Water Views
  • Electricity To Lot Line

Listing and Financial Details

  • Assessor Parcel Number 00424035010040050

Community Details

Overview

  • Pennock Point Subdivision

Recreation

  • Bulkhead
  • Dock made with wood

Property Details

Property Type

Land

Est. Annual Taxes

$77,306

Lot Details

0

Listing Details

  • Property Sub Type: Single Family/Residential Estate
  • Prop. Type: Land
  • Lot Size Acres: 0.87
  • Subdivision Name: Pennock Point
  • Directions: Center Street to Loxahatchee River Rd. Make a right on Pennock Point Rd. Lot straight ahead on the north side.
  • Location Tax Legal:Zoned: RS
  • Location Tax Legal:Taxes2: 77306.0
  • Location Tax Legal:Tax Year2: 2024
  • General Property Description:Waterfront: Yes
  • General Property Description:Lot Dim (1): 0.8719 acres
  • General Property Description:Lot SqFt: 37978
  • Exposure:North: Yes
  • Dock:Wood: Yes
  • Land Improvements:Electric at Site: Yes
  • Land Improvements:Water Available: Yes
  • Street Type:Paved: Yes
  • Waterfront:Riverfront: Yes
  • Land Improvements:Sewer Available: Yes
  • Miscellaneous:Waterview: Yes
  • Miscellaneous:Land Cleared: Yes
  • Miscellaneous:SeawallBulkhead: Yes
  • Land Improvements:Fenced: Yes
  • Special Features: None

Exterior Features

  • Lot Features: 1/2 Acre to 1 Acre
  • Waterfront Features: Riverfront
  • Waterfront: Yes

Utilities

  • Utilities: Electric at Site, Sewer Available, Water Available

Lot Info

  • Lot Size Sq Ft: 37978.0
  • Parcel #: 00424035010040050
  • Zoning: RS
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 77306.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2025
Closed on
May 22, 2025
Sold by
Pennock Point Estates Llc
Bought by
Lendalk Properties Llc
Seller's Agent
Robert Thomson
Waterfront Properties & Club Communities
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$7,500,000
Sold Price
$6,500,000
Premium/Discount to List
-$1,000,000
-13.33%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.35%

Purchase Details

Listed on
May 3, 2023
Closed on
May 5, 2023
Sold by
Stewart Nick T
Bought by
Pennock Point Estates Llc
Seller's Agent
Robert Thomson
Waterfront Properties & Club C
Buyer's Agent
Michele cronin
Robert Slack LLC
List Price
$5,900,000
Sold Price
$5,897,046
Premium/Discount to List
-$2,954
-0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.86%

Purchase Details

Closed on
Oct 6, 2020
Sold by
Kamradt Sherry A
Bought by
Stewart Nick T

Purchase Details

Closed on
Sep 8, 2011
Sold by
Lumetta Maybelle C
Bought by
Stewart Nick T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2004
Sold by
Lumetta Maybelle C and Lumetta Mathew A
Bought by
Lumetta Mathew A and Lumetta Maybelle C

Purchase Details

Closed on
Jul 30, 1997
Sold by
Lumetta Mathew A and Lumetta Maybelle C
Bought by
Lumetta Maybelle C
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 Type Sale Price Title Company
Warranty Deed $6,500,000 None Listed On Document
Warranty Deed $6,500,000 None Listed On Document
Warranty Deed $5,546,110 Atlantic Coastal Land Title
Warranty Deed -- Attorney
Warranty Deed $2,100,000 Cove Title Services
Interfamily Deed Transfer -- --
Quit Claim Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,411,000 New Conventional
Previous Owner $1,500,000 New Conventional
Previous Owner $500,000 Credit Line Revolving
Previous Owner $388,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Sold $6,500,000 -7.1% $1,454 / Sq Ft
03/14/2025 03/14/25 Price Changed $6,995,000 -6.7% $1,565 / Sq Ft
02/05/2025 02/05/25 For Sale $7,500,000 +27.2% $1,678 / Sq Ft
05/05/2023 05/05/23 Sold $5,897,046 -0.1% $1,319 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $5,900,000 -- $1,320 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $77,306 $4,700,000 -- --
2023 $83,635 $4,194,153 $0 $0
2022 $70,617 $3,812,866 $0 $0
2021 $62,060 $3,559,084 $2,040,000 $1,519,084
2020 $56,456 $3,151,129 $2,000,000 $1,151,129
2019 $55,649 $3,067,221 $2,000,000 $1,067,221
2018 $51,612 $2,956,868 $1,946,636 $1,010,232
2017 $50,262 $3,060,097 $1,946,636 $1,113,461
2016 $23,573 $2,410,119 $0 $0
2015 $44,400 $2,191,017 $0 $0
2014 $40,282 $1,991,834 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 25-227

APN: 00-42-40-35-01-004-0050