$2,550,000
SOLD MAY 5, 2025

624 Southwind Cir Unit 1 North Palm Beach, FL 33408

-- Bed
-- Bath
6,606 Sq Ft
0.32 Acres

Recently Sold

$386 Per Sq Ft

14% Below List Price

14 Days on Market

Highlights

  • Lake Front
  • Fruit Trees
  • Wood Flooring
  • Property has ocean access
  • Deck
  • Screened Porch

About This Home

As of May 2025

Exceptional Waterfront Multi-Unit Property in North Palm BeachA rare opportunity to own a premier waterfront property with direct Intracoastal and ocean access in the heart of North Palm Beach. This versatile estate offers four units across a beautifully maintained complex, complete with six boat slips and a 34-ft boat lift--perfect for boating enthusiasts and investors alike. New roof 2025. The property boasts two expansive exterior decks, including a 65-foot upper deck and a lower deck with water and electric connections for the slips. The crown jewel is the owner's quarters, a spacious 3-bed, 3-bath residence (2,053 sq ft) overlooking the water. It features a gourmet kitchen with a center island, elegant dining and living areas, and a dedicated billiards roomideal for entertaining.

Last Agent to Sell the Property

Kevin McCabe

Florida Coastal Living Inc License #3308117 Listed on: 04/21/2025

Last Buyer's Agent

Philip Ventresca

Nest Seekers Florida, LLC License #3340183

Nest Seekers Florida, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,474

Year Built

  • Built in 1963

Lot Details

  • 0.32 Acre Lot
  • Lake Front
  • Fenced
  • Fruit Trees

Property Views

  • Lake
  • Canal

Home Design

  • Tar and Gravel Roof
  • Built-Up Roof

Interior Spaces

  • 6,606 Sq Ft Home
  • 2-Story Property
  • Awning
  • Blinds
  • Sliding Windows
  • Screened Porch

Flooring

  • Wood
  • Tile

Outdoor Features

  • Property has ocean access
  • Seawall
  • Balcony
  • Deck
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 68434216040380200

Community Details

Overview

  • 4 Units
  • North Palm Beach Village Subdivision

Pet Policy

  • Pet Size Limit

Building Details

  • Operating Expense $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,474

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: From I 95 go east on Northlake approx 2 miles. Go past the Railroad tracks, past Prosperity Farms Rd,, take a left at the next light, Southwind Drive, then left on Southwind Cir, 2nd house on left
  • Year Built: 1963
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Hardwood, Tile, Wood
  • Living Area: 6606.0
  • Window Features: Blinds, Sliding

Exterior Features

  • Exterior Features: Awning(s), Balcony, Deck, Fence, Fruit Trees
  • View: Canal, Lake
  • Pool Features: None
  • View: Yes
  • Waterfront Features: Lake Front, Ocean Access, Seawall
  • Waterfront: Yes
  • Disclosures: Owner Is Listing Agent, Pet on Property
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Deck, Open, Screened
  • Property Condition: Resale
  • Roof: Built-Up, Tar/Gravel

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Size Limit

Lot Info

  • Parcel #: 68434216040380200
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 13775.0
  • Zoning Description: R3(cit
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 15474.0

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 30000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2025
Closed on
May 2, 2025
Sold by
Glembocki Dianne L
Bought by
624 Southwind Circle Llc
Seller's Agent
Kevin McCabe
Florida Coastal Living Inc
Buyer's Agent
Philip Ventresca
Nest Seekers Florida, LLC
List Price
$2,975,000
Sold Price
$2,550,000
Premium/Discount to List
-$425,000
-14.29%
Total Days on Market
14
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-99.75%
Original Mortgage
$2,440,000
Outstanding Balance
$2,440,000
Interest Rate
6.64%
Mortgage Type
Construction
Estimated Equity
-$955,333

Purchase Details

Closed on
Dec 2, 2002
Sold by
Adinolfe Joseph J and Adinolfe Julie A
Bought by
Glembocki Dianne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,150
Interest Rate
6.12%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $2,550,000 Lighthouse Title Services
Warranty Deed $660,000 Flagler Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,440,000 Construction
Previous Owner $200,000 Credit Line Revolving
Previous Owner $685,500 Unknown
Previous Owner $199,000 Credit Line Revolving
Previous Owner $647,500 Unknown
Previous Owner $578,150 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 Sold $2,550,000 -14.3% $386 / Sq Ft
04/21/2025 04/21/25 For Sale $2,975,000 -- $450 / 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 $15,474 $684,105 -- --
2023 $15,519 $634,120 $0 $0
2022 $13,540 $588,324 -- --
2021 $12,069 $723,222 $242,000 $481,222
2020 $11,483 $570,406 $0 $0
2019 $11,896 $583,936 $0 $0
2018 $11,591 $604,785 $0 $0
2017 $10,708 $538,219 $0 $0
2016 $10,714 $527,417 $0 $0
2015 $11,298 $540,326 $0 $0
2014 $10,852 $513,899 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11083445

BeachesMLS

APN: 68-43-42-16-04-038-0200