NOT LISTED FOR SALE

980 N Ocean Blvd Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $43,720,042

7 Beds
9 Baths
9,474 Sq Ft
$4,615/Sq Ft Est. Value

Last Sold April 09, 2019

Last sale price $28,665,852 $3,026 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $304,303/month

439 Days on Market

Highlights

  • 240 Feet of Waterfront
  • Direct Ocean View
  • 1.55 Acre Lot
  • Palm Beach Public School Rated A-
  • Outdoor Pool
  • Traditional Architecture

About This Home

As of April 2019

First time on the market in half a century. Significant opportunity offering expansive wide water views with nearly 240 feet of direct oceanfront living on aprox 2 acres.
Designed by Marion Sims Wyeth, in 1947 for Phillip Danforth Armour III, this impressive home offers 12,062 total square feet and a long history amongst the Palm Beach elite. In 1971, the home was purchased by noted fashion designer and Preservationist Phillip Hulitar and his wife Mary Hulitar, a multi-faceted artist. Phillip's work extended from high society fashion world in New York to painting., sculpture and restoring some of the great homes of Palm Beach. His influence can be seen in the beauty of the home today, making it a rare opportunity for the discerning buyer or investor.

Last Agent to Sell the Property

Ashley McIntosh

Douglas Elliman License #476962 Listed on: 12/01/2017

Douglas Elliman

Last Buyer's Agent

Lawrence A Moens

Lawrence A. Moens Associates, Inc. License #202740

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $208,158

Year Built

  • Built in 1935

Lot Details

  • 1.55 Acre Lot
  • 240 Feet of Waterfront
  • Property is zoned RA

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Bermuda Architecture
  • Tile Roof
  • "S" Clay Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 9,474 Sq Ft Home
  • Direct Ocean Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 9 Bathrooms

Pool

  • Outdoor Pool

Community Details

  • No Home Owners Association
  • Eden Properties Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434303200000031

Home Details

Home Type

Single Family

Est. Annual Taxes

$208,158

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.55
  • Lot Size: 240 +/- Ocean
  • Subdivision Name: Eden Properties
  • Above Grade Finished Sq Ft: 174583.33
  • Architectural Style: Bermuda, Traditional
  • Year Built: 1935
  • Location Tax Legal:Zoned: RA
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 208158.13
  • Location Tax Legal:Tax Year2: 2016
  • General Property Description:Living Area: 9474.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • Pool:Pool3: Yes
  • General Property Description:Lot Dim (1): 240 +/- Ocean
  • Style:Bermuda: Yes
  • General Property Description:Lot SqFt: 67355
  • HOA:None: Yes
  • Roof:Clay Tile: Yes
  • General Property Description:Waterfront Ftg: 240.0
  • Waterfront:Ocean-Direct: Yes
  • Special Features: None

Interior Features

  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Flooring: Other Flooring
  • Living Area: 9474.0
  • Window Features: Other

Exterior Features

  • Pool Features: Pool, Fresh Water
  • Pool Private: Yes
  • Waterfront Features: Ocean-Direct
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Roof: Clay Tile
  • Construction:Cement BlockStucco: Yes

Garage/Parking

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

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 67355.0
  • Parcel #: 50434303200000031
  • Zoning: RA
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 208158.13
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2017
Closed on
Apr 9, 2019
Sold by
Mary Hulitar Trust
Bought by
Twins Four Llc
Seller's Agent
Ashley McIntosh
Douglas Elliman
Buyer's Agent
Lawrence A Moens
Lawrence A. Moens Associates, Inc.
List Price
$28,665,853
Sold Price
$28,665,853
Total Days on Market
439
Current Estimated Value
$43,720,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,054,189
Avg. Annual Appreciation
7.09%

Purchase Details

Closed on
Jun 1, 2012
Sold by
Hulitar Mary
Bought by
Holt Edward T and Mary Hilitary Trust Agreement
Source: Public Records

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Range of Values:

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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
Twins Four Llc $28,664,852 Attorney
Holt Edward T -- Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2019 04/09/19 Sold $28,665,853 0.0% $3,026 / Sq Ft
02/13/2019 02/13/19 Pending -- -- --
12/01/2017 12/01/17 For Sale $28,665,853 -- $3,026 / 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 $706,597 $40,773,329 -- --
2023 $609,851 $37,066,663 $0 $0
2022 $587,360 $33,696,966 -- --
2021 $499,862 $31,071,212 $31,050,000 $21,212
2020 $459,045 $27,831,212 $27,810,000 $21,212
2019 $440,652 $28,017,076 $27,000,000 $1,017,076
2018 $617,771 $37,640,442 $36,599,140 $1,041,302
2017 $209,747 $12,377,178 $0 $0
2016 $208,158 $12,122,603 $0 $0
2015 $215,290 $12,038,335 $0 $0
2014 $216,336 $11,942,793 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Ashley McIntosh

    Douglas Elliman

    (561) 653-6160

    15 in this area

    62 Total Sales

    Ashley McIntosh
    Section Image

  • L

    Buyer's Agent in 2019

    Lawrence A Moens

    Lawrence A. Moens Associates, Inc.

    (561) 655-5510

    46 in this area

    124 Total Sales

    Lawrence A Moens
    Section Image
See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 17-2484

APN: 50-43-43-03-20-000-0031

Florida Palm Beach County Palm Beach 33480 North End

980 N Ocean Blvd, Palm Beach, FL

This home is located at 980 N Ocean Blvd, Palm Beach, FL 33480 since 01 December 2017 and is currently estimated at $43,720,042, approximately $4,614 per square foot. This property was built in 1935. 980 N Ocean Blvd is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Palm Beach Lakes Community High School.

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