NOT LISTED FOR SALE

705 S Ocean Blvd Delray Beach, FL 33483

Estimated Value: $4,930,000 - $26,056,270

1.24 Acres
$9,664,326 Price per Acre
54,145 Sq Ft Lot

Last Sold September 05, 2014

Last sale price $10,775,000

Est. 11% increase in value since last sale

Current estimated payment $89,318/month

98 Days on Market

Highlights

  • Ocean Front
  • Paved or Partially Paved Lot
  • 4-minute walk to Anchor Park

About This Lot

As of September 2014

Welcome to one of the most incredible direct oceanfront land parcels the Florida Coastline has to offer. Not only is the land one of a kind, but the location is second to none. The site is located in the Delray Beach Estate section which is known for havi ng some of the deepest oceanfront land parcels in all of South Florida. Just minutes from the famed Atlantic Avenue, just north of Boca Raton's Mizner Park, and south of Palm Beach and Worth Avenue; ideal not only for nightlife and entertaining but also f

Last Agent to Sell the Property

Randolph Ely

Douglas Elliman License #563399 Listed on: 04/29/2014

Douglas Elliman

Co-Listed By

NICHOLAS MALINOSKY

Douglas Elliman License #3103961

Last Buyer's Agent

Randolph Ely

Douglas Elliman License #563399 Listed on: 04/29/2014

Douglas Elliman

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $119,018

Lot Details

  • Ocean Front
  • West Facing Home
  • Paved or Partially Paved Lot
  • Property is zoned SINGLE F

Additional Features

  • Ocean Views
  • City Lot
  • Cable TV Available

Community Details

  • 21 46 43 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12434621000010090

Property Details

Property Type

Land

Est. Annual Taxes

$119,018

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Residential
  • Property Sub Type Additional: Residential
  • Directions: A1A between Linton Blvd and Atlantic Ave on east side
  • Special Features: None

Exterior Features

  • View: Ocean
  • Lot Features: 1-2 Acres, City Lot
  • Road Surface Type: Paved
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Direction Faces: West

Utilities

  • Utilities: Cable Available, Electricity Available, Water Available

Lot Info

  • Parcel #: 12434621000010090
  • Number Of Lots: 1
  • Zoning Description: SINGLE F

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 119018.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2014
Closed on
Aug 28, 2014
Sold by
Gusky Michael H and Gusky Robin L
Bought by
Cmr Holdings Llc
Seller's Agent
Randolph Ely
Douglas Elliman
Buyer's Agent
Randolph Ely
Douglas Elliman
List Price
$11,750,000
Sold Price
$10,775,000
Premium/Discount to List
-$975,000
-8.3%
Current Estimated Value
$12,012,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,237,757
Avg. Annual Appreciation
0.98%

Purchase Details

Closed on
Nov 17, 2005
Sold by
705 South Ocean Llc
Bought by
Gusky Michael H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,400,000
Interest Rate
5.9%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 22, 2005
Sold by
Ginter Van Leonard and Cox Beverly Creasy
Bought by
705 South Ocean Llc

Purchase Details

Closed on
Jul 19, 2000
Sold by
Boca Marina Ltd
Bought by
Ginter Van L
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
Cmr Holdings Llc $10,775,000 None Available
Gusky Michael H $8,000,000 --
705 South Ocean Llc $7,900,000 --
Ginter Van L $2,254,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gusky Michael H $6,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2014 09/05/14 Sold $10,775,000 -8.3% --
08/06/2014 08/06/14 Pending -- -- --
04/29/2014 04/29/14 For Sale $11,750,000 -- --
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 $315,803 $14,495,029 -- --
2023 $279,571 $13,177,299 $0 $0
2022 $250,439 $11,979,363 $0 $0
2021 $224,246 $11,550,300 $11,550,300 $0
2020 $201,509 $9,900,300 $9,900,300 $0
2019 $203,751 $9,900,300 $9,900,300 $0
2018 $216,758 $10,946,235 $10,946,235 $0
2017 $204,286 $10,425,000 $10,425,000 $0
2016 $197,885 $8,821,230 $0 $0
2015 $175,477 $8,019,300 $0 $0
2014 $130,370 $5,445,363 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Randolph Ely

    Douglas Elliman

    (561) 271-2762

    1 in this area

    8 Total Sales

    Randolph Ely
    Section Image

  • N

    Seller Co-Listing Agent in 2014

    NICHOLAS MALINOSKY

    Douglas Elliman

    (561) 306-4597

    49 in this area

    138 Total Sales

    NICHOLAS MALINOSKY
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10036747

BeachesMLS

APN: 12-43-46-21-00-001-0090

Florida Palm Beach County Delray Beach 33483

705 S Ocean Blvd, Delray Beach, FL

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