$20,200,000
SOLD DEC 22, 2020

7 Ocean Ln Palm Beach, FL 33480

North End Neighborhood
0.49 Acre
$41,224,490 Price per Acre
21,344 Sq Ft Lot

Recently Sold

138 Days on Market

Highlights

  • Direct Ocean View
  • Waterfront
  • Cul-De-Sac
  • Palm Beach Public School Rated A-

About This Lot

As of December 2020

DIRECT OCEANFRONT LOT! EXPANSIVE OCEAN VIEWS. INCREDIBLE OPPORTUNITY TO BUILD ON 21,387± SQUARE FEET LOT YOUR NEW CUSTOM HOME. PERFECTLY SITUATED AT THE END OF A CUL-DE-SAC.

Last Agent to Sell the Property

Asha Radtke

Sotheby's International Realty, Inc. License #507416 Listed on: 07/09/2020

Sotheby's International Realty, Inc.

Last Buyer's Agent

JANINA RADTKE

BARCLAYS INTERNATIONAL REALTY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $107,781

Lot Details

  • 0.49 Acre Lot
  • Waterfront
  • Cul-De-Sac
  • East Facing Home
  • Cleared Lot
  • Property is zoned RB

Additional Features

  • Direct Ocean Views
  • Gas Available

Listing and Financial Details

  • Assessor Parcel Number 50434311020000061

Community Details

Overview

  • Ocean Lane Subdivision

Recreation

  • Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$107,781

Lot Details

0

Listing Details

  • Property Sub Type: Single Family/Residential Estate
  • Prop. Type: Land
  • Lot Size Acres: 0.49
  • Subdivision Name: Ocean Lane
  • Location Tax Legal:Zoned: RB
  • Location Tax Legal:Taxes2: 107781.0
  • Location Tax Legal:Tax Year2: 2019
  • General Property Description:Waterfront: Yes
  • General Property Description:Lot Dim (1): 100
  • General Property Description:Lot SqFt: 21387
  • Exposure:East: Yes
  • Waterfront:Ocean-Direct: Yes
  • Land Improvements:Electric Available: Yes
  • Land Improvements:Water Available: Yes
  • Street Type:Paved: Yes
  • WaterSewer:City Water at Site: Yes
  • Land Improvements:Gas Available: Yes
  • Land Improvements:Sewer Available: Yes
  • Miscellaneous:Waterview: Yes
  • Miscellaneous:Land Cleared: Yes
  • Miscellaneous:SeawallBulkhead: Yes
  • Lot Size:Cul-De-Sac Lot: Yes
  • Special Features: None

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF, Cul-De-Sac Lot
  • Waterfront Features: Ocean-Direct
  • Waterfront: Yes

Utilities

  • Utilities: Electric Available, Sewer Available, Water Available, Natural Gas Available
  • Water Source: City Water at Site

Lot Info

  • Lot Size Sq Ft: 21387.0
  • Parcel #: 50434311020000061
  • Zoning: RB
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 107781.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2022
Sold by
7 Ocean Lane Llc
Bought by
Seven Ocean Lane Llc
Current Estimated Value
$41,693,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000,000
Outstanding Balance
$36,556,830
Interest Rate
3.55%
Mortgage Type
Balloon

Purchase Details

Listed on
Aug 11, 2020
Closed on
Dec 21, 2020
Sold by
Radtke Janina and Janina Radtke Revocable Trust
Bought by
7 Ocean Lane Llc
Seller's Agent
Asha Radtke
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Asha Radtke
Sotheby's Intl. Realty, Inc.
List Price
$19,900,000
Sold Price
$20,200,000
Premium/Discount to List
$300,000
1.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2014
Sold by
Radtke Janina
Bought by
Radtke Janina and Janina Radtke Revocable Trust

Purchase Details

Closed on
Jan 16, 2003
Sold by
The Garden City Co Inc
Bought by
Radtke Janina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
5.98%
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 $39,000,000 Gunster Yoakley & Stewart Pa
Warranty Deed $20,200,000 Attorney
Interfamily Deed Transfer -- Attorney
Special Warranty Deed $4,000,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $39,000,000 Balloon
Previous Owner $145,000 Commercial
Previous Owner $1,800,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2020 12/22/20 Sold $20,200,000 0.0% --
12/22/2020 12/22/20 Sold $20,200,000 +1.5% --
11/24/2020 11/24/20 Pending -- -- --
11/22/2020 11/22/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $19,900,000 -1.5% --
07/09/2020 07/09/20 For Sale $20,200,000 -- --
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 $623,096 $39,537,080 -- --
2023 $540,615 $35,942,800 $35,942,800 $0
2022 $307,554 $17,710,330 $0 $0
2021 $262,359 $16,100,300 $16,100,300 $0
2020 $109,843 $6,592,000 $6,592,000 $0
2019 $108,205 $6,400,000 $6,400,000 $0
2018 $98,289 $6,274,138 $6,274,138 $0
2017 $88,189 $5,228,449 $5,228,449 $0
2016 $94,663 $5,503,630 $0 $0
2015 $98,598 $5,503,630 $0 $0
2014 $86,842 $4,785,765 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Asha Radtke

    Seller's Agent in 2020

    Asha Radtke

    Sotheby's International Realty, Inc.

    (561) 346-9191

    2 in this area

    2 Total Sales

    Section Image

  • J

    Buyer's Agent in 2020

    JANINA RADTKE

    BARCLAYS INTERNATIONAL REALTY

  • p

    Buyer's Agent in 2020

    pbb.rets.radtj

    pbb.rets.RETS_OFFICE

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-1175

APN: 50-43-43-11-02-000-0061

Florida Palm Beach County Palm Beach 33480 North End

7 Ocean Ln, Palm Beach, FL

This home is located at 7 Ocean Ln, Palm Beach, FL 33480 and is currently priced at $20,200,000. 7 Ocean Ln is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

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