NOT LISTED FOR SALE

870 S Ocean Blvd Palm Beach, FL 33480

Estimated Value: $4,946,000 - $36,075,676

6 Beds
7 Baths
6,559 Sq Ft
$3,127/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $28,500,000 $4,345 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $151,718/month

1 Day on Market

Highlights

  • 100 Feet of Waterfront
  • Property has ocean access
  • Spanish Architecture
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • No HOA

About This Home

As of July 2021

Oceanfront home well located in Palm Beach's coveted Estate Section. Transitional Mediterranean style home with spectacular beachfront cabana and pool. Completion anticipated late 2021

Last Agent to Sell the Property

Suzanne Frisbie

The Corcoran Group License #508253 Listed on: 06/24/2021

The Corcoran Group

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $117,924

Year Built

  • Built in 1987

Lot Details

  • 0.43 Acre Lot
  • 100 Feet of Waterfront
  • Ocean Front
  • Southeast Facing Home
  • Back Yard Fenced
  • Sprinkler System
  • Property is zoned RA

Parking

  • 2 Car Attached Garage

Home Design

  • Spanish Architecture
  • Mediterranean Architecture
  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,559 Sq Ft Home
  • 2-Story Property
  • Dining Area
  • Impact Glass

Kitchen

  • Double Oven
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Balcony

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434335020000210

Home Details

Home Type

Single Family

Est. Annual Taxes

$117,924

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.43
  • Lot Size: 100
  • Subdivision Name: Tropic Isle
  • Architectural Style: Mediterranean, Spanish, Two Story
  • Year Built: 1987
  • Location Tax Legal:Zoned: RA
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 117924.0
  • Location Tax Legal:Tax Year2: 2020
  • General Property Description:Living Area: 6559.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 100
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 18731
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:South: Yes
  • Exposure:East: Yes
  • Roof:Barrel Tile: Yes
  • Style:Mediterranean: Yes
  • General Property Description:Waterfront Ftg: 100.0
  • Waterfront:Ocean-Across Street: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Range-Gas, Oven-Double, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Flooring: Other Flooring
  • Living Area: 6559.0
  • Window Features: Impact Glass-Full
  • Appliances Dishwasher: Yes
  • Appliances:Oven-Double: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: Ocean-Across Street
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Balcony, Fence-Back Wall, Ocean Access-Deeded, Sprinkler System
  • Roof: Barrel
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:Fence - Back Wall: Yes
  • Exterior Features:Ocean Access-Deeded: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached
  • Garage: Yes
  • Garage:_two_ Car: Yes

Utilities

  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 18731.0
  • Parcel #: 50434335020000210
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 117924.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Jul 16, 2021
Sold by
870 South Ocean Llc
Bought by
Douglas Kevin and Douglas Michelle
Seller's Agent
Suzanne Frisbie
The Corcoran Group
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$28,500,000
Sold Price
$28,500,000
Current Estimated Value
$21,056,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,443,488
Avg. Annual Appreciation
-6.54%

Purchase Details

Closed on
Jan 11, 2021
Sold by
Invest Komfort Fl Llc
Bought by
870 South Ocean Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,650,000
Interest Rate
2.71%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Nov 17, 2015
Closed on
Apr 1, 2016
Bought by
Invest Komfort Fl Lcc
Seller's Agent
Liza Pulitzer
Brown Harris Stevens of PB
Buyer's Agent
Asha Radtke
Sotheby's Intl. Realty, Inc.
List Price
$9,200,000
Sold Price
$8,500,000
Premium/Discount to List
-$700,000
-7.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%

Purchase Details

Closed on
Apr 19, 2002
Sold by
Woolin Martin and Woolin Rachel
Bought by
Zois Elia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Interest Rate
8.75%

Purchase Details

Closed on
Mar 10, 2000
Sold by
Martin Harriet Golding and Fagan Stephen
Bought by
Woolin Martin and Woolin Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
8.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 1998
Sold by
Fagan Stephen H and Martin Harriet G
Bought by
Martin Harriet G

Purchase Details

Closed on
Apr 16, 1996
Sold by
Synodinos Ilias and Synodinos Colette
Bought by
Martin William S and Martin Harriet G
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
Douglas Kevin $28,500,000 Attorney
870 South Ocean Llc $12,640,650 Attorney
Invest Komfort Fl Lcc -- --
Zois Elia $5,000,000 --
Woolin Martin $2,850,000 --
Martin Harriet G $450,000 --
Martin William S $1,600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 870 South Ocean Llc $6,650,000
Previous Owner Zois Elia $2,000,000
Previous Owner Zois Elia J $8,000,000
Previous Owner Zois Elia $580,000
Previous Owner Zois Elia $1,409,475
Previous Owner Zois Elia $3,997,500
Previous Owner Zois Elia $2,250,000
Previous Owner Martin William S $2,530,000
Previous Owner Martin William S $500,000
Previous Owner Martin William S $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $28,500,000 0.0% $4,345 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $28,500,000 +235.3% $4,345 / Sq Ft
04/12/2016 04/12/16 Sold $8,500,000 0.0% $1,388 / Sq Ft
04/12/2016 04/12/16 Sold $8,500,000 -7.6% $1,388 / Sq Ft
03/13/2016 03/13/16 Pending -- -- --
02/25/2016 02/25/16 Pending -- -- --
11/17/2015 11/17/15 For Sale $9,200,000 +8.2% $1,502 / Sq Ft
10/28/2015 10/28/15 For Sale $8,500,000 -- $1,388 / Sq Ft
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 $422,426 $28,343,797 -- --
2023 $406,246 $26,762,214 $20,127,600 $7,193,321
2022 $377,849 $24,329,285 $0 $0
2021 $142,331 $9,954,521 $8,680,000 $1,274,521
2020 $117,924 $7,093,999 $6,090,000 $1,003,999
2019 $133,237 $8,017,803 $7,000,000 $1,017,803
2018 $118,658 $7,508,733 $6,570,219 $938,514
2017 $107,389 $6,392,791 $5,475,182 $917,609
2016 $114,096 $6,623,588 $0 $0
2015 $86,164 $4,839,654 $0 $0
2014 $86,580 $4,801,244 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Suzanne Frisbie

    The Corcoran Group

    (215) 353-8636

    110 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    NON MEMBER

    NON MEMBER FIRM

  • L

    Seller's Agent in 2016

    Liza Pulitzer

    Brown Harris Stevens of Palm Beach 5225

    (561) 659-6400

    60 Total Sales

    Section Image

  • J

    Buyer's Agent in 2016

    JANINA RADTKE

    BARCLAYS INTERNATIONAL REALTY

  • p

    Buyer's Agent in 2016

    pbb.rets.radtj

    pbb.rets.RETS_OFFICE

  • Asha Radtke

    Buyer's Agent in 2016

    Asha Radtke

    Sotheby's International Realty, Inc.

    (561) 346-9191

    2 Total Sales

    Section Image
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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 21-1028

APN: 50-43-43-35-02-000-0210

Florida Palm Beach County Palm Beach 33480

870 S Ocean Blvd, Palm Beach, FL

This home is located at 870 S Ocean Blvd, Palm Beach, FL 33480 since 24 June 2021 and is currently estimated at $20,510,838, approximately $3,127 per square foot. This property was built in 1987. 870 S Ocean Blvd is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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