NOT LISTED FOR SALE

854 S County Rd Palm Beach, FL 33480

Estimated Value: $4,315,000 - $67,955,412

2.01 Acres
$17,977,714 Price per Acre
87,556 Sq Ft Lot

Last Sold May 26, 2023

Last sale price $63,431,750 $6,237 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $258,418/month

171 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Palm Beach Public School Rated A-
  • No HOA

About This Lot

As of May 2023

854 S County Rd offers a very rare opportunity to acquire a large 2+ acre lakefront property close to the heart of Palm Beach. Designed by beloved architect, Howard Major, this exceptional compound offers a beautifully located property on the Intracoastal Waterway in Palm Beach's grand Estate Section. Affording a desirable & lengthy entry processional, ample privacy, infrequently available green space for a well-located tennis court & pavilion, & the close proximity of nearby Worth Avenue's shopping, galleries & restaurants.

Last Agent to Sell the Property

Suzanne Trapani Frisbie

The Corcoran Group License #508253 Listed on: 11/11/2022

Last Buyer's Agent

Dana Koch

The Corcoran Group License #3027862

The Corcoran Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $646,931

Lot Details

  • 2.01 Acre Lot
  • Property fronts an intracoastal waterway
  • East Facing Home
  • Site Plan Filed

Additional Features

  • Intracoastal Views
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434335000010210

Property Details

Property Type

Land

Est. Annual Taxes

$646,931

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • Directions: From the Royal Park Bridge, turn right onto S County Road. The house will be on the right (west) side.
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Exterior Features

  • View: Intercoastal
  • Lot Features: 2-3 Acres, Other
  • View: Yes
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Direction Faces: East

Utilities

  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 50434335000010210
  • Current Use: Single Family
  • Development Status: Site Plan Filed
  • Lot Size Acres: 2.01
  • Lot Size: 218.0 ft x 435.0 ft
  • Lot Size Sq Ft: 87336.0
  • Possible Use: Single Family
  • Mobile Dim Units: Feet
  • Zoning: R-A

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 646931.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2022
Closed on
May 26, 2023
Sold by
854 South County Llc
Bought by
854 So County Rd Llc
Seller's Agent
Suzanne Trapani Frisbie
The Corcoran Group
Buyer's Agent
Dana Koch
The Corcoran Group
List Price
$79,000,000
Sold Price
$63,431,750
Premium/Discount to List
-$15,568,250
-19.71%
Views
199
Current Estimated Value
$36,135,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,296,544
Avg. Annual Appreciation
-19.00%

Purchase Details

Listed on
Sep 7, 2021
Closed on
Feb 23, 2022
Sold by
Glazer Kassewitz and Glazer Darcie
Bought by
854 South County Llc
Seller's Agent
Gary Pohrer
Serhant
Buyer's Agent
Lawrence A Moens
Lawrence A. Moens Associates
List Price
$55,000,000
Sold Price
$53,000,000
Premium/Discount to List
-$2,000,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.46%
Original Mortgage
$35,000,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2010
Sold by
Collier Miles C and Collier Barron G
Bought by
Kassewitz Joel

Purchase Details

Closed on
Feb 1, 2008
Sold by
Collier Read Isabel and Read William A
Bought by
Collier Miles C
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
854 So County Rd Llc $63,431,750 None Listed On Document
854 So County Rd Llc $63,431,750 None Listed On Document
854 South County Llc $53,000,000 Lorenzo Law Miami
Kassewitz Joel $20,500,000 Attorney
Collier Miles C -- Attorney
Collier Miles C -- Attorney
Collier Miles C -- Attorney
Collier Miles C -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 854 South County Llc $35,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2023 05/26/23 Sold $63,431,750 -8.7% $6,237 / Sq Ft
05/02/2023 05/02/23 Pending -- -- --
03/23/2023 03/23/23 Price Changed $69,500,000 -12.0% $6,833 / Sq Ft
11/11/2022 11/11/22 For Sale $79,000,000 +49.1% $7,767 / Sq Ft
02/24/2022 02/24/22 Sold $53,000,000 -3.6% $5,211 / Sq Ft View Prior Sale
01/25/2022 01/25/22 Pending -- -- --
09/08/2021 09/08/21 For Sale $55,000,000 -- $5,408 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $847,063 $58,252,571 -- --
2024 $847,063 $56,610,856 -- --
2023 $709,189 $46,884,782 $46,362,044 $522,738
2022 $646,931 $38,255,216 $0 $0
2021 $600,773 $39,242,551 $38,381,040 $861,511
2020 $527,192 $31,615,881 $30,510,000 $1,105,881
2019 $523,684 $30,750,021 $29,430,000 $1,320,021
2018 $284,533 $17,145,196 $0 $0
2017 $284,696 $16,792,552 $0 $0
2016 $282,720 $16,447,162 $0 $0
2015 $292,405 $16,332,832 $0 $0
2014 $293,829 $16,203,206 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10845181

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-35-00-001-0210