NOT LISTED FOR SALE

622 N Flagler Dr Unit Ph 3 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $6,802,205 - $8,593,000

4 Beds
6 Baths
8,423 Sq Ft
$882/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $5,441,111 $646 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $51,361/month

202 Days on Market

Highlights

  • Doorman
  • Home fronts a seawall
  • Outdoor Pool
  • Docks
  • Fitness Center
  • 5-minute walk to Flagler Park

About This Home

As of February 2017

Experience magnificence in this luxurious home, only one of two duplex penthouse residences at prestigious One Watermark. It boasts unparalleled ocean and lake views with walls of glass & multiple private terraces! The entry foyer accessed through a personal elevator leads to a magnificent living/entertaining space featuring soaring 20’ ceilings and a sweeping staircase. 3-car AC private garage.

Last Agent to Sell the Property

Dana Koch

The Corcoran Group License #3027862 Listed on: 07/01/2016

The Corcoran Group

Co-Listed By

Paulette Koch

The Corcoran Group License #3068398

The Corcoran Group

Last Buyer's Agent

Paulette Koch

The Corcoran Group License #3068398

The Corcoran Group

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $122,269

Year Built

  • Built in 2003

Lot Details

  • Home fronts a seawall
  • Property fronts an intracoastal waterway
  • Home has sun exposure from multiple directions
  • Gated Home

HOA Fees

  • $7,618 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 8,423 Sq Ft Home
  • Wet Bar
  • Dining Room
  • Library
  • Storage
  • Utility Room
  • Home Gym
  • Marble Flooring

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Bulkhead
  • Docks
  • Balcony

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Additional Features

  • Non-Toxic Pest Control
  • Property is near a clubhouse

Listing and Financial Details

  • Assessor Parcel Number 74434322340140030

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer
  • 48 Units
  • One Watermark Pl Community
  • On-Site Maintenance
  • 13-Story Property

Amenities

  • Doorman
  • Common Area
  • Clubhouse
  • Lobby
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$122,269

Year Built

Built in 2003

Lot Details

0

HOA Fees

$7,618 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: One Watermark Pl
  • Year Built: 2003
  • Location Tax Legal:Name of Building: One Watermark Pl
  • Location Tax Legal:Zoned: R-D(1) - Moderate Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 122268.98
  • Location Tax Legal:Tax Year2: 2015
  • General Property Description:Living Area: 8423.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 22852.65
  • General Property Description:Per: Quarter
  • General Property Description:_pound_ Units in Complex: 48
  • General Property Description:_pound_ Floors: 13.0
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: Yes
  • Exposure of Unit:East2: Yes
  • Exposure of Unit:South2: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Exposure of Unit:North2: Yes
  • Floors:Marble: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Security:Gate House: Yes
  • Exposure of Unit:West2: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Intracoastal-Direct2: Yes
  • Waterfront-Unit:Intracoastal-Direct3: Yes
  • Dock:Dock Space Available: Yes
  • Services Included:Club Facilities: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Oven-Double, Microwave, Washer, Dryer, Range - Gas
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble
  • Interior Amenities: Cable, Storage, Wet Bar, Pantry
  • Living Area: 8423.0
  • Stories: 13
  • Interior Features:Storage: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Interior Features:Cable: Yes
  • Appliances:Oven-Double: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Balcony, Seawall/Bulkhead, Clubhouse, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Clubhouse: Yes
  • Exterior Features:SeawallBulkhead2: Yes

Garage/Parking

  • Parking:Garage2: Yes
  • Parking:Other2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Gate House, Other Security, Door Person
  • Heating: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Club Facilities, Exercise Facility, Other Services
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer

Lot Info

  • Development Status: Land Owned
  • Parcel #: 74434322340140030
  • Zoning: R-D(1) - Moderate

Multi Family

  • Number Of Units Total: 48
  • Maintenance Expense: 22852.65

Tax Info

  • Tax Annual Amount: 122268.98
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2016
Closed on
Feb 28, 2017
Sold by
Abramson Laurence C and Abramson Eileen T
Bought by
Breitman Steven
Seller's Agent
Dana Koch
The Corcoran Group
Buyer's Agent
Paulette Koch
The Corcoran Group
List Price
$5,441,111
Sold Price
$5,441,111
Current Estimated Value
$7,433,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,991,957
Avg. Annual Appreciation
4.48%

Purchase Details

Closed on
Jun 30, 2004
Sold by
Wci Communities Inc
Bought by
Abramson Laurence C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,600,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Breitman Steven $5,441,000 Attorney
Abramson Laurence C $6,620,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abramson Laurence C $7,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2017 02/28/17 Sold $5,441,111 0.0% $646 / Sq Ft
01/19/2017 01/19/17 Pending -- -- --
07/01/2016 07/01/16 For Sale $5,441,111 -- $646 / 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 $53,867 $5,263,120 -- --
2023 $104,608 $5,109,825 $0 $0
2022 $103,885 $4,960,995 $0 $0
2021 $104,024 $4,816,500 $0 $0
2020 $103,631 $4,750,000 $0 $4,750,000
2019 $103,216 $4,687,400 $0 $0
2018 $98,760 $4,600,000 $0 $4,600,000
2017 $112,056 $5,100,000 $0 $0
2016 $123,455 $5,500,000 $0 $0
2015 $122,269 $5,300,000 $0 $0
2014 $116,477 $5,000,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dana Koch

    Seller's Agent in 2017

    Dana Koch

    The Corcoran Group

    (561) 379-7718

    14 in this area

    223 Total Sales

    Dana Koch
    Section Image

  • P

    Seller Co-Listing Agent in 2017

    Paulette Koch

    The Corcoran Group

    (561) 227-4416

    9 in this area

    141 Total Sales

    Paulette Koch
    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 16-1471

APN: 74-43-43-22-34-014-0030

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

622 N Flagler Dr Unit Ph 3, West Palm Beach, FL

This home is located at 622 N Flagler Dr Unit Ph 3, West Palm Beach, FL 33401 since 01 July 2016 and is currently estimated at $7,433,068, approximately $882 per square foot. This property was built in 2003. 622 N Flagler Dr Unit Ph 3 is a home located in Palm Beach County with nearby schools including U. B. Kinsey/Palmview Elementary School, Conniston Middle School, and Palm Beach Lakes Community High School.

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