NOT LISTED FOR SALE

7 Ocean Place Highland Beach, FL 33487

Estimated Value: $7,153,000 - $8,799,000

4 Beds
8 Baths
6,638 Sq Ft
$1,195/Sq Ft Est. Value

Highlights

  • Ocean Front
  • Gated with Attendant
  • Private Pool
  • Boca Raton Community Middle School Rated A-
  • Home Theater
  • Marble Flooring

About This Home

As of May 2020

PERCHED ABOVE THE DUNES, THIS CONTEMPORARY SINGLE FAMILY MASTERPIECE FEATURES A SPECTACULAR FLOORPLAN INCLUDING A ''ROOFTOP'' EXERCISE STUDIO. ALL MAJOR ROOMS HAVE OCEAN VISTAS & BALCONIES. A STUNNING LIBRARY/OFFICE WILL SATISFY EVEN THE MOST DISCERNING EXECUTIVE. RELAX & UNWIND IN THE FULLY EQUIPPED HOME THEATER. THIS HOME HAS BEEN FEATURED IN SEVERAL DESIGN PUBLICATIONS & HAS SPECTACULAR HARD FINISHES LIKE MARBLE, ONYX & GRANITE. A PRIVATE ELEVATOR ACCESSES ALL LEVELS. OUTSIDE IS A STUNNING EXTENSION OF THE INSIDE WITH A HUGE GRASSED YARD, POOL, OUTDOOR SHOWER & SANDY BEACHES SURROUNDED BY THE AZURE SEAS OF THE ATLANTIC OCEAN. THIS UNIQUE ENCLAVE OF 11 ESTATE HOMES SITS BEHIND PRIVACY WALLS & IS 24-HOUR GUARD GATED. THIS IS A SPECIAL SINGLE FAMILY DIRECT OCEANFRONT OPPORTUNITY. WOW!

Last Agent to Rent the Property

Chuck Luciano

Compass Florida LLC License #686969 Listed on: 05/14/2020

Compass Florida LLC

Co-Listed By

Evan Musa

MJ Newell Realty LLC License #3455778

Last Renter's Agent

Timothy Mandala

REDFIN CORPORATION License #3309233

REDFIN CORPORATION

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $109,528

Year Built

  • Built in 1995

Lot Details

  • Ocean Front
  • Sprinkler System
  • Zero Lot Line

Parking

  • 3 Car Attached Garage
  • Driveway

Property Views

  • Ocean
  • Pool

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 6,638 Sq Ft Home
  • Elevator
  • Wet Bar
  • Custom Mirrors
  • Central Vacuum
  • Furnished
  • Built-In Features
  • Bar
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Great Room
  • Family Room
  • Home Theater
  • Den
  • Security Lights

Kitchen

  • Built-In Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • In-Law or Guest Suite
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Balcony
  • Open Patio

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater

Community Details

  • Ocean Place Estates Subdivision
  • Gated with Attendant

Listing and Financial Details

  • Property Available on 11/1/20
  • Assessor Parcel Number 24434704000060120

Home Details

Home Type

Single Family

Est. Annual Taxes

$109,528

Year Built

Built in 1995

Lot Details

0

Parking

3

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water
  • Available Date: 2020-11-01

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: I -95 to Spanish River Blvd EAST to the Ocean. Take a left on A1A to Ocean Place Estates on the Right about 1 mile north of Spanish River Blvd
  • Year Built: 1995
  • Entry Level: 1
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Closet Cabinetry, Entrance Foyer, Elevator, French Door(s)/Atrium Door(s), Fireplace, Custom Mirrors, Pantry, Split Bedrooms, Separate Shower, Bar, Walk-In Closet(s), Central Vacuum
  • Furnished: Furnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Other, Tile
  • Living Area: 6638.0
  • Dining Room Type: Den, Family Room, Great Room, In-Law Suite, Media Room

Exterior Features

  • Exterior Features: Balcony
  • View: Ocean, Pool
  • Lot Features: Sprinklers Automatic, Zero Lot Line
  • Pool Features: Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Patio And Porch Features: Balcony, Open

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage

Utilities

  • Security: Gated with Guard, Security Guard, Security Lights
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 24434704000060120
  • Land Lease Amount Frequency: Monthly
  • Lot Size: 1/4 to 1/2 Acre,East of

Multi Family

  • Number Of Units In Community: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2021
Sold by
Marco Musa Family Trust and Marco Musa Family Trust
Bought by
Glaser Kimberlie L
Current Estimated Value
$7,932,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Outstanding Balance
$3,002,887
Interest Rate
2.3%
Mortgage Type
New Conventional
Estimated Equity
$4,929,922

Purchase Details

Closed on
Sep 7, 2016
Sold by
Musa Massimo and Musa Marco
Bought by
Musa Massimo

Purchase Details

Closed on
Jun 8, 2004
Sold by
Hilliard James C and Hilliard Barbara G
Bought by
Musa Marco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 1996
Sold by
Godur Stacey and Godur Robyn
Bought by
Hilliard James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
8.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 1994
Sold by
Highland Ocean Assoc Ltd Ptnr
Bought by
Godur Stacey

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
8.53%
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
Glaser Kimberlie L -- Attorney
Glaser Kimberlie L -- Attorney
Glaser Kimberlie L $6,500,000 Attorney
Musa Massimo -- None Available
Musa Marco $4,500,000 --
Hilliard James C $2,600,000 --
Godur Stacey $900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glaser Kimberlie L $4,000,000
Previous Owner Musa Marco $3,000,000
Previous Owner Hilliard James C $2,600,000
Previous Owner Godur Stacey $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2020 05/14/20 For Rent $30,000 -21.1% --
05/14/2020 05/14/20 Rented $38,000 +72.7% --
06/24/2017 06/24/17 Rented $22,000 -20.0% --
05/25/2017 05/25/17 Under Contract -- -- --
03/21/2017 03/21/17 For Rent $27,500 +27.9% --
07/14/2015 07/14/15 Rented $21,500 -28.3% --
06/14/2015 06/14/15 Under Contract -- -- --
11/04/2014 11/04/14 For Rent $30,000 -- --
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 $109,528 $6,944,413 -- --
2023 $107,271 $6,742,149 $0 $0
2022 $106,801 $6,545,776 $0 $0
2021 $99,876 $5,881,603 $4,080,300 $1,801,303
2020 $96,353 $5,564,193 $3,740,300 $1,823,893
2019 $94,716 $5,322,671 $3,400,300 $1,922,371
2018 $91,641 $5,418,259 $3,395,657 $2,022,602
2017 $93,484 $5,441,273 $3,395,657 $2,045,616
2016 $85,569 $4,675,498 $0 $0
2015 $79,579 $4,250,453 $0 $0
2014 $81,155 $4,086,048 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chuck Luciano

    Landlord's Agent in 2020

    Chuck Luciano

    Compass Florida LLC

    (561) 706-7144

    7 in this area

    147 Total Sales

    Chuck Luciano
    Section Image

  • E

    Landlord's Co-Listing Agent in 2020

    Evan Musa

    MJ Newell Realty LLC

    (954) 681-4763

    7 Total Sales

    Evan Musa
    Section Image
  • David Lee

    Seller's Agent in 2017

    David Lee

    Edgestone Real Estate Inc.

    (561) 212-4246

    1 in this area

    58 Total Sales

    David Lee
    Section Image
  • Joseph Liguori

    Buyer's Agent in 2017

    Joseph Liguori

    Premier Estate Properties Inc

    (561) 702-3477

    2 in this area

    169 Total Sales

    Joseph Liguori
    Section Image
  • Joe Bermingham

    Buyer's Agent in 2015

    Joe Bermingham

    LoKation

    (561) 981-9400

    28 Total Sales

    Joe Bermingham
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10622719

BeachesMLS

APN: 24-43-47-04-00-006-0120

Florida Palm Beach County Highland Beach 33487

7 Ocean Place, Highland 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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