NOT LISTED FOR SALE

611 S Ocean Blvd Delray Beach, FL 33483

Estimated Value: $4,900,000 - $22,677,002

1.26 Acres
$8,729,894 Price per Acre
54,886 Sq Ft Lot

Last Sold October 01, 2020

Last sale price $15,500,000 $976 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $84,643/month

482 Days on Market

Highlights

  • Beach Front
  • 1.26 Acre Lot
  • 4-minute walk to Anchor Park
  • Ocean View

About This Lot

As of October 2020

This extremely rare and estate size oceanfront lot is located in prestigious Delray Beach , Fl. Offering 130 feet of Atlantic Ocean frontage on a 1.26 acre lot.Perfect location to build your world class estate or an investment for the future. Only 1 1/2 mile to Atlantic Ave.Only 7 miles to Boca Executive AirportOnly 20 miles to Worth Ave / Palm BchOnly 21 miles to W Palm Int. AirportOnly 32 miles to Ft Laud Int. Airport

Last Agent to Sell the Property

Chris Lowry

Chris Lowry Realty Services License #3049226 Listed on: 05/07/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $337,137

Lot Details

  • 1.26 Acre Lot
  • Beach Front
  • Property fronts a state road
  • Site Plan Filed
  • Property is zoned R-1-AA

Property Views

  • Ocean Views

Community Details

  • 1.26 Acre Ocean Front Lot Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434621000010070

Property Details

Property Type

Land

Est. Annual Taxes

$337,137

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Located on A1A between Atlantic Ave and Linton Blvd.
  • Special Features: VirtualTour

Exterior Features

  • View: Ocean
  • Lot Features: Beach Front
  • Road Frontage Type: State Road
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Lot Info

  • Parcel #: 12434621000010070
  • Development Status: Site Plan Filed
  • Lot Size Acres: 1.26
  • Lot Size Sq Ft: 55045.0
  • Zoning Description: R-1-AA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 337137.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2019
Closed on
Oct 1, 2020
Sold by
Sea To Seaside Development Llc
Bought by
Fried Business Holdings Llc
Seller's Agent
Chris Lowry
Chris Lowry Realty Services
List Price
$18,250,000
Sold Price
$15,500,000
Premium/Discount to List
-$2,750,000
-15.07%
Current Estimated Value
$10,999,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,500,333
Avg. Annual Appreciation
-6.54%

Purchase Details

Closed on
Aug 16, 2018
Sold by
611 South Ocean Boulevard Llc
Bought by
Sea To Seaside Development Llc

Purchase Details

Closed on
Sep 14, 2004
Sold by
Delray Llc
Bought by
611 South Ocean Boulevard Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 1998
Sold by
Mckinney Frank E Iii A Nd Nilsa
Bought by
Delray Llc

Purchase Details

Closed on
Dec 27, 1995
Sold by
Venture Concepts International Inc
Bought by
Mckinney Frank E

Purchase Details

Closed on
Mar 1, 1995
Sold by
Karlson Barbara D J
Bought by
Venture Concepts Intl Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
9.05%
Mortgage Type
Purchase Money Mortgage
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
Fried Business Holdings Llc $15,500,000 Attorney
Sea To Seaside Development Llc $14,693,200 Attorney
611 South Ocean Boulevard Llc $15,000,000 --
Delray Llc $8,500,000 --
Mckinney Frank E $100 --
Venture Concepts Intl Inc $2,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 611 South Ocean Boulevard Llc $8,000,000
Previous Owner Venture Concepts Intl Inc $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2020 10/01/20 Sold $15,500,000 -15.1% $976 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
05/07/2019 05/07/19 For Sale $18,250,000 -- $1,149 / 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 $324,826 $15,373,449 -- --
2023 $288,084 $13,975,863 $0 $0
2022 $259,840 $12,705,330 -- --
2021 $233,020 $11,550,300 $11,550,300 $0
2020 $201,855 $9,900,300 $9,900,300 $0
2019 $317,960 $15,434,478 $9,900,300 $5,534,178
2018 $337,137 $16,724,204 $11,189,478 $5,534,726
2017 $338,347 $16,450,232 $10,656,660 $5,793,572
2016 $330,403 $15,153,020 $0 $0
2015 $309,467 $13,775,473 $0 $0
2014 $287,021 $12,523,157 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Chris Lowry

    Chris Lowry Realty Services

    (561) 523-3939

    2 in this area

    5 Total Sales

    Chris Lowry
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Map

Source: BeachesMLS

MLS Number: R10528442

BeachesMLS

APN: 12-43-46-21-00-001-0070

Florida Palm Beach County Delray Beach 33483

611 S Ocean Blvd, Delray Beach, FL

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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