NOT LISTED FOR SALE

992 S Atlantic Dr Lake Worth, FL 33462

Estimated Value: $1,439,513 - $2,281,000

2 Beds
3 Baths
2,333 Sq Ft
$729/Sq Ft Est. Value

Last Sold March 18, 2024

Last sale price $1,480,000 $634 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $10,991/month

128 Days on Market

Highlights

  • Gas Heated Pool
  • Bermuda Architecture
  • No HOA
  • Waterfront
  • Lanai
  • 2 Car Attached Garage

About This Home

As of March 2024

You won't find a better home in this price range in move-in condition anywhere on Hypoluxo Island, Palm Beach's best kept secret. This utterly charming sun drenched 2 bedroom 3 full baths is a most welcoming home.An island oasis located just 15 minutes from Palm Beach town and a three minute drive to the ocean, where owners can join La Coquille Beach Club at the Eau Resort and Spa. A new upscale shopping and dining plaza is moments away. Delray Beach is twenty minutes down the ocean route great restaurants, beaches and hotels. This is Palm Beach living with no equal. Two splendid statuesque royal poinciana trees welcome you at each side of the new stone circular driveway at both ends accented with exotic plants, palms, hibiscus, monstera and orchid trees. The home features custom plantation shutters in all rooms adding charm and privacy, brand new flooring throughout, five inch moldings, a poolside outdoor shower, separate laundry room, two car garage, tankless water heaters and central vac. A third bedroom can be easily restored to the original floor plan without disrupting any part of this beautiful home.

Hypoluxo Island, a hidden gem just south of Palm Beach, is completely residential and home to many full time owners. Monthly gatherings of the neighbors and special events add to the warmth and charm of living on this rare island.
The property is a five minute drive to the ocean, where owners can join La Coquille Beach Club located within the Eau Resort and Spa with multiple fine restaurants. A new upscale shopping and dining plaza is moments away. Additionally Delray Beach is twenty minutes down the ocean route with its many fine restaurants, beaches and hotels. Hypoluxo Island boasts many multimillion homes. This is Palm Beach living with no equal.

Last Agent to Sell the Property

MARYANN CHOPP

Sotheby's International Realty, Inc. License #BK-3216754 Listed on: 10/11/2023

Sotheby's International Realty, Inc.

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,113

Year Built

  • Built in 1973

Lot Details

  • 0.26 Acre Lot
  • Waterfront
  • South Facing Home
  • Sprinkler System
  • Property is zoned R1A

Home Design

  • Bermuda Architecture
  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,333 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Ceiling Fan
  • Sliding Windows
  • Dining Room
  • Storage
  • Utility Room
  • Luxury Vinyl Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Pool

  • Gas Heated Pool
  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40434503220001390

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,113

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.26
  • Lot Size: 118
  • Subdivision Name: Tropic Isle
  • Directions: 95 to Lantana Rd east, right/south on Fed Hy left/east on Ocean Ave, first right after bridge to Hypoluxo Island, follow south to 992
  • Architectural Style: Bermuda, One Story
  • Year Built: 1973
  • Location Tax Legal:Zoned: R1A
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 15113.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 2333.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 118
  • Pool:Heated - Gas: Yes
  • WaterSewer:Sewer: Yes
  • Windows:Sliding: Yes
  • Style:Bermuda: Yes
  • Pets:Pets Allowed: Yes
  • General Property Description:Lot SqFt: 11326
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:South: Yes
  • Style:One Story: Yes
  • Windows:Impact Glass: Yes
  • Windows:Impact Glass-Partial: Yes
  • Auto Garage Door Opener: Yes
  • Floors:Vinyl Tile: Yes
  • Pool:Salt Water: Yes
  • Roof:Metal: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Ice Maker, Range-Gas, Oven-Single, Microwave, Washer, Dryer, Central Vac System
  • Total Bedrooms: 2
  • Flooring: Vinyl Tile
  • Interior Amenities: Cable, Ceiling Fan, Smoke Detectors, Storage, Wndw Trmnts Included, Pantry
  • Living Area: 2333.0
  • Window Features: Impact Glass, Impact Glass-Partial, Sliding
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Appliances:Oven-Single: Yes
  • Appliances:Range-Gas: Yes
  • Appliances:Central Vac System: Yes

Exterior Features

  • Lot Features: 1/4 A - 21,779 SF
  • Pool Features: Pool, Salt Water, Heated - Gas
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Exterior Features: Patio/Lanai, Sprinkler System, Impact Doors, Impact Windows
  • Roof: Metal, Other
  • Exterior Features:Sprinkler System: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached, Door Opener
  • 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: 11326.0
  • Parcel #: 40434503220001390
  • Zoning: R1A
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 15113.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Mar 18, 2024
Sold by
Corradini Marilyn and Marilyn Corradini Living Trust
Bought by
Weimer Paul and Konstantinov Irina
Seller's Agent
MARYANN CHOPP
Sotheby's International Realty, Inc.
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$1,595,000
Sold Price
$1,480,000
Premium/Discount to List
-$115,000
-7.21%
Views
148
Current Estimated Value
$1,700,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,128
Avg. Annual Appreciation
10.04%

Purchase Details

Listed on
Jun 14, 2023
Closed on
Aug 24, 2023
Sold by
Hendrick George K and Hendrick Lisa L
Bought by
Marilyn Corradini Living Trust and Corradini
Seller's Agent
Steven Presson
The Corcoran Group
Buyer's Agent
MARYANN CHOPP
Sotheby's International Realty, Inc.
List Price
$1,995,000
Sold Price
$1,300,000
Premium/Discount to List
-$695,000
-34.84%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.06%

Purchase Details

Listed on
Sep 3, 2020
Closed on
Oct 14, 2020
Sold by
Deauville Estates Llc
Bought by
Hendrick George K and Hendrick Lisa L
Seller's Agent
Patricia Towle
Sotheby's International Realty, Inc.
Buyer's Agent
TONI HOLLIS
THE FITE GROUP
List Price
$1,000,000
Sold Price
$1,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.64%

Purchase Details

Listed on
Mar 2, 2015
Closed on
Apr 10, 2015
Sold by
Edenfield Richard and Edenfield Nikki
Bought by
Deauville Estates Llc
Seller's Agent
Patricia Towle
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Roberta Feinberg
Illustrated Properties LLC (We
List Price
$749,500
Sold Price
$725,000
Premium/Discount to List
-$24,500
-3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%

Purchase Details

Closed on
Feb 28, 1996
Sold by
Stjernvall Roger and Stjernvall Benita
Bought by
Edenfield Richard and Edenfield Nikki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,350
Interest Rate
6.97%
Mortgage Type
New Conventional
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
Weimer Paul $1,480,000 None Listed On Document
Marilyn Corradini Living Trust $1,300,000 None Listed On Document
Hendrick George K $1,000,000 Citrus Title Ins Agcy Inc
Deauville Estates Llc $725,000 None Available
Edenfield Richard $233,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edenfield Richard $482,000
Previous Owner Edenfield Richard $347,250
Previous Owner Edenfield Richard $50,000
Previous Owner Edenfield Richard $221,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2024 03/18/24 Sold $1,480,000 -7.2% $634 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
10/11/2023 10/11/23 For Sale $1,595,000 +22.7% $684 / Sq Ft
08/28/2023 08/28/23 Sold $1,300,000 0.0% $557 / Sq Ft
08/28/2023 08/28/23 Sold $1,300,000 -18.5% $557 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
06/28/2023 06/28/23 Pending -- -- --
06/14/2023 06/14/23 Price Changed $1,595,000 0.0% $684 / Sq Ft
06/14/2023 06/14/23 Price Changed $1,595,000 -5.9% $684 / Sq Ft
05/05/2023 05/05/23 Price Changed $1,695,000 -5.6% $727 / Sq Ft
04/14/2023 04/14/23 Price Changed $1,795,000 -10.0% $769 / Sq Ft
04/13/2023 04/13/23 For Sale $1,995,000 +11.1% $855 / Sq Ft
03/31/2023 03/31/23 Price Changed $1,795,000 -10.0% $769 / Sq Ft
03/22/2023 03/22/23 For Sale $1,995,000 +99.5% $855 / Sq Ft
10/21/2020 10/21/20 Sold $1,000,000 0.0% $429 / Sq Ft
10/21/2020 10/21/20 Sold $1,000,000 0.0% $429 / Sq Ft
09/23/2020 09/23/20 Pending -- -- --
09/21/2020 09/21/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $1,000,000 +0.5% $429 / Sq Ft
01/23/2020 01/23/20 For Sale $995,000 +37.2% $426 / Sq Ft
04/15/2015 04/15/15 Sold $725,000 -3.3% $265 / Sq Ft
03/16/2015 03/16/15 Pending -- -- --
03/02/2015 03/02/15 For Sale $749,500 -- $274 / 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 $21,590 $1,072,725 -- --
2023 $15,099 $785,381 $0 $0
2022 $14,977 $762,506 $0 $0
2021 $14,864 $740,297 $493,000 $247,297
2020 $11,977 $547,742 $357,000 $190,742
2019 $12,744 $581,050 $374,000 $207,050
2018 $11,343 $526,098 $343,730 $182,368
2017 $13,258 $616,422 $343,730 $272,692
2016 $12,943 $595,070 $0 $0
2015 $5,196 $254,488 $0 $0
2014 $5,201 $252,468 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 23-1592

APN: 40-43-45-03-22-000-1390