NOT LISTED FOR SALE

8518 Shoreacres St Boca Raton, FL 33434

Estimated Value: $2,290,245 - $2,949,000

6 Beds
8 Baths
5,378 Sq Ft
$469/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $2,100,000 $390 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $15,727/month

112 Days on Market

Highlights

  • Gated with Attendant
  • Media Room
  • Clubhouse
  • Sunrise Park Elementary School Rated A-
  • New Construction
  • Loft

About This Home

As of February 2024

Incredible and unique opportunity to buy a brand new never lived in Maldives Bali Collection model on a private oversized 1/4 acre+ lot in Lotus Palm. The Bali collection is sold out, here is your chance to get into Boca's hottest brand new community. Upgrades include the added cabana bath, upgraded kitchen, upgraded primary bathroom, den/office door option and more. 5 bedrooms plus media room or 6 bedrooms plus den + office + game room plus loft. Pick your floors and move in right away and start enjoying the best in South Florida living in the ultimate new community with only the finest amenities, Lotus Palm. Natural Gas, Complete Impact Glass, Pre stub out Summer Kitchen and more.

Last Agent to Sell the Property

Ryan Greenblatt

Lang Realty/ BR License #3016769 Listed on: 10/26/2023

Lang Realty/ BR

Last Buyer's Agent

Scott Pressman

The Keyes Company License #3131178

The Keyes Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,933

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 0.25

HOA Fees

  • $679 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Garage Door Opener

Home Design

  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 5,378 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Media Room
  • Den
  • Loft
  • Ceramic Tile Flooring
  • Dryer

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Home Security

  • Home Security System
  • Impact Glass

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • Sprinkler System

Listing and Financial Details

  • Assessor Parcel Number 00424717190001160

Community Details

Overview

  • Association fees include common areas, ground maintenance
  • Built by GL Homes
  • Lotus Palm Subdivision, Maldives Floorplan

Amenities

  • Clubhouse
  • Game Room

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Community Pool
  • Community Spa
  • Park

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,933

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$679 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Glades road to Golf Course Road. Follow past gate. Turn left at stop sign first right then first left. Home is first on left
  • Year Built: 2023
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: 4098

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Dual Sinks, Pantry, Separate Shower, Walk-In Closet(s), Loft
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Range, Gas Water Heater, Microwave
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Flooring: Ceramic Tile
  • Living Area: 5378.0
  • Dining Room Type: Den, Loft, Media Room
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Patio
  • Lot Features: Sprinklers Automatic
  • Pool Features: None, Association, Community
  • Pool Private: No
  • Waterfront: No
  • Builder Name: GL Homes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Roof: Flat, Tile

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

  • Security: Security System, Gated with Guard
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 679.0
  • Community Features: Clubhouse, Game Room, Gated, Park, Pickleball, Property Manager On-Site, Pool, Street Lights, Sidewalks, Tennis Court(s)
  • Senior Community: No
  • Amenities: Basketball Court, Clubhouse, Management, Pickleball, Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds

Lot Info

  • Parcel #: 00424717190001160
  • Lot Size: 1/4 to 1/2 Acre
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4933.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2023
Closed on
Feb 15, 2024
Sold by
Katz Peter and Katz Ashley
Bought by
Beck Ethan and Beck Miriam
Seller's Agent
Ryan Greenblatt
Lang Realty/ BR
Buyer's Agent
Scott Pressman
The Keyes Company
List Price
$2,299,900
Sold Price
$2,100,000
Premium/Discount to List
-$199,900
-8.69%
Views
137
Current Estimated Value
$2,370,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,582
Avg. Annual Appreciation
10.63%
Original Mortgage
$1,669,500
Outstanding Balance
$1,636,646
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$887,415

Purchase Details

Closed on
Oct 24, 2023
Sold by
Boca Raton Associates Ix Lllp
Bought by
Katz Peter and Katz Ashley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,720,000
Interest Rate
7.31%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Beck Ethan $2,100,000 None Listed On Document
Katz Peter $2,005,472 Nova Title Company
Katz Peter $2,005,472 Nova Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beck Ethan $1,669,500
Previous Owner Katz Peter $1,720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2024 02/16/24 Sold $2,100,000 -6.2% $390 / Sq Ft
01/03/2024 01/03/24 Price Changed $2,239,900 -0.4% $416 / Sq Ft
11/15/2023 11/15/23 Price Changed $2,249,900 -2.2% $418 / Sq Ft
10/26/2023 10/26/23 For Sale $2,299,900 -- $428 / 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
2025 $30,939 $1,746,768 -- --
2024 $30,939 $1,873,443 -- --
2023 $4,928 $297,090 -- --
Source: Public Records

Agents Affiliated with this Home

  • Ryan Greenblatt

    Seller's Agent in 2024

    Ryan Greenblatt

    Lang Realty/ BR

    (561) 350-1850

    102 Total Sales

    Ryan Greenblatt
    Section Image
  • Scott Pressman

    Buyer's Agent in 2024

    Scott Pressman

    The Keyes Company

    (561) 601-7774

    141 Total Sales

    Scott Pressman
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10930796

BeachesMLS

APN: 00-42-47-17-19-000-1160

Florida Palm Beach County Boca Raton 33434

8518 Shoreacres St, Boca Raton, FL

Not Listed for Sale

Detached

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