NOT LISTED FOR SALE

Estimated Value: $8,904,000 - $52,082,156

7 Beds
10 Baths
12,937 Sq Ft
$2,357/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $25,500,000 $1,971 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $192,157/month

398 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Dock made with concrete
  • Home Theater
  • Palm Beach Public School Rated A-
  • Wine Room
  • Cabana

About This Home

As of May 2016

Iconic architect, Milton Klein, created this custom contemporary on 200’ of PB’s lakefront. At 21’ above sea level, it boasts the most expansive water views in all of PB. Its many amenities include: deep water dock, infinity pool, 2 outdoor kitchens, home theatre, full spa, 5,000 bottle wine room, impact glass & full house generator. Turnkey & fully furnished.

Last Agent to Sell the Property

Paulette Koch

The Corcoran Group License #3068398 Listed on: 04/13/2015

The Corcoran Group

Co-Listed By

Dana Koch

The Corcoran Group License #3027862

Last Buyer's Agent

Paulette Koch

The Corcoran Group License #3068398 Listed on: 04/13/2015

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $214,028

Year Built

  • Built in 1986

Lot Details

  • 1.07 Acre Lot
  • 200 Feet of Waterfront
  • Lake Front
  • Property fronts an intracoastal waterway
  • Southwest Facing Home
  • Fenced Front Yard
  • Sprinkler System
  • Property is zoned R-D(1) - Moderate Density Residential, R-D(1) - Moderate

Home Design

  • Contemporary Architecture
  • Tile Roof
  • Fiber Cement Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 12,937 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Sound System
  • Fireplace
  • Sliding Windows
  • Wine Room
  • Dining Room
  • Home Theater
  • Library
  • Storage
  • Utility Room
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble
  • Terrazzo

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 10 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Car Attached Garage
  • Garage Apartment
  • Bathroom In Garage

Pool

  • Cabana
  • Gas Heated Pool
  • Outdoor Pool

Outdoor Features

  • Dock has access to water
  • Dock made with concrete
  • Balcony
  • Patio
  • Lanai
  • Attached Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434310000010030

Home Details

Home Type

Single Family

Est. Annual Taxes

$214,028

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.07
  • Lot Size: 200
  • Subdivision Name: Tropic Isle
  • Above Grade Finished Sq Ft: 174875.0
  • Architectural Style: Contemporary, Three + Story
  • Year Built: 1986
  • Location Tax Legal:Zoned: R-D(1) - Moderate Density Residential
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 214028.0
  • Location Tax Legal:Tax Year2: 2015
  • General Property Description:Living Area: 12937.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 200
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Floors:Marble: Yes
  • Floors:WW Carpeting: Yes
  • Roof:Cement Tile: Yes
  • WaterSewer:Sewer: Yes
  • Windows:Impact Glass - Full: Yes
  • Windows:Sliding: Yes
  • General Property Description:Lot SqFt: 46609
  • WaterSewer:City Water: Yes
  • Style:Three Story: Yes
  • HOA:None: Yes
  • Exposure:South: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Floors:Terrazzo: Yes
  • Exposure:West: Yes
  • General Property Description:Waterfront Ftg: 200.0
  • Waterfront:Intracoastal-Direct: Yes
  • Waterfront:Lakefront: Yes
  • Dock:Concrete: Yes
  • Dock:Water at Dock: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Instant Hot Water, Range-Electric, Range-Gas, Oven-Convection, Microwave, Jenn-Aire, Washer, Dryer, Trash Compactor
  • Half Bathrooms: 6
  • Total Bedrooms: 7
  • Flooring: Hardwood, Marble, Terrazzo, W/W Carpeting, Other Flooring
  • Interior Amenities: Cable, Elevator, Fireplace, Sound System, Smoke Detectors, Storage, Wet Bar, Wine Rm/Temp-Control, Pantry
  • Living Area: 12937.0
  • Window Features: Impact Glass-Full, Sliding
  • Interior Features:Storage: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:Oven-Convection: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Smoke Detectors: Yes
  • Appliances:Range - Electric: Yes
  • Interior Features:Fireplace: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Interior Features:Sound System: Yes
  • Other Rooms:Media Room: Yes
  • Appliances:Instant Hot Water: Yes
  • Interior Features:Wine RmTemp-Control: Yes
  • Other Rooms:Exercise Room: Yes
  • Appliances:Trash Compactor: Yes
  • Appliances:Jenn-Aire: Yes

Exterior Features

  • Lot Features: 1 to 3 Acres
  • Pool Features: Pool, Fresh Water, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: Intracoastal-Direct, Lakefront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco, Other Construction
  • Exterior Features: Balcony, Patio/Lanai, Cabana, Fence-Front Wall, Built-in Grill, Sprinkler System
  • Roof: Cement Tile
  • Exterior Features:Balcony: Yes
  • Exterior Features:Sprinkler System: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Construction:Other Construction: Yes
  • Exterior Features:Built-in Grill: Yes
  • Exterior Features:Cabana: Yes
  • Exterior Features:Fence-Front Wall: Yes

Garage/Parking

  • Parking Features: 4 Car, Attached, Air Conditioned, Toilet in Garage
  • Garage: Yes
  • Other Rooms:Garage Apartment: Yes
  • Garage:Air Conditioned: Yes
  • Garage:Toilet in Garage: Yes
  • Garage:_four_ Car: Yes

Utilities

  • Security: Security System
  • Heating: Central Air, Central Heat, Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: Yes
  • Lot Size Sq Ft: 46609.0
  • Parcel #: 50434310000010030
  • Zoning: R-D(1) - Moderate
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 214028.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2017
Sold by
Fifith Cupcake Llc
Bought by
Goldman Bruce E and Fifith Cupake Trust
Current Estimated Value
$30,493,078

Purchase Details

Listed on
Apr 13, 2015
Closed on
May 27, 2016
Sold by
Vegosen Dean and 900 North Lake Way Land Trust
Bought by
Fifth Cupcake Llc
Seller's Agent
Paulette Koch
The Corcoran Group
Buyer's Agent
Paulette Koch
The Corcoran Group
List Price
$25,500,000
Sold Price
$25,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.98%

Purchase Details

Closed on
Jan 15, 2004
Sold by
Levy H Irwin and Levy Ellen Z
Bought by
Vegosen Dean and 900 North Lake Way Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,200,000
Interest Rate
5.81%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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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
Goldman Bruce E -- Attorney
Fifth Cupcake Llc $25,500,000 Attorney
Vegosen Dean $15,226,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vegosen Dean $2,800,000
Previous Owner Vegosen Dean $40,000,000
Previous Owner Vegosen Dean $12,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold $25,500,000 0.0% $1,971 / Sq Ft
05/15/2016 05/15/16 Pending -- -- --
04/13/2015 04/13/15 For Sale $25,500,000 -- $1,971 / 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 $315,967 $21,089,797 -- --
2023 $309,484 $20,475,531 $0 $0
2022 $310,096 $19,879,156 $0 $0
2021 $315,448 $19,300,151 $0 $0
2020 $316,189 $19,033,679 $16,806,410 $2,227,269
2019 $329,459 $19,426,488 $17,170,000 $2,256,488
2018 $318,094 $19,379,218 $17,051,977 $2,327,241
2017 $341,124 $20,307,830 $17,949,450 $2,358,380
2016 $206,932 $12,060,714 $0 $0
2015 $214,028 $11,976,876 $0 $0
2014 $214,968 $11,876,563 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 15-844

APN: 50-43-43-10-00-001-0030