NOT LISTED FOR SALE

994 SE Atlantic Dr Lantana, FL 33462

Estimated Value: $3,583,000 - $5,000,000

5 Beds
4.5 Baths
4,690 Sq Ft
$983/Sq Ft Est. Value

Last Sold September 23, 2015

Last sale price $1,600,000 $341 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $26,535/month

295 Days on Market

Highlights

  • Boat Ramp
  • Heated Pool
  • Vaulted Ceiling
  • Property fronts an intracoastal waterway
  • Home fronts a lagoon or estuary
  • Breakfast Area or Nook

About This Home

As of September 2015

Over a half acre waterfront lot on a very private street on Hypoluxo Island. Expansive yard, with pool, gracious front and back yard, covered tiki hut sitting area, and private dock. 5,400 total SF 5/4.5 bedroom home with high ceilings and spectacular views.

Last Agent to Sell the Property

Jack Elkins

William Raveis Real Estate License #3226762 Listed on: 10/29/2014

Co-Listed By

Erin Hiatt

William Raveis Real Estate License #616198

Last Buyer's Agent

Tierney O'Hara

Sotheby's Intl. Realty, Inc. License #3087366

Sotheby's Intl. Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,787

Year Built

  • Built in 1980

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 109 x 262 x 100 x 209
  • Home fronts a lagoon or estuary
  • Property fronts an intracoastal waterway
  • West Facing Home
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Frame Construction
  • Shake Roof
  • Wood Roof

Interior Spaces

  • 4,690 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Decorative Fireplace
  • Casement Windows
  • Formal Dining Room
  • Intracoastal Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Heated Pool
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 40434503220001380

Community Details

Overview

  • Property has a Home Owners Association
  • Hypoluxo Island Subdivision

Recreation

  • Boat Ramp
  • Boating

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,787

Year Built

Built in 1980

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Ocean Avenue in Lantana to S Atlantic Drive - veer left, then left onto SE Atlantic
  • Year Built: 1980
  • Unit Levels: Two
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Breakfast Area, Bathtub, Cathedral Ceiling(s), Dining Area, Separate/Formal Dining Room, Dual Sinks, Eat-in Kitchen, High Ceilings, Pantry, Split Bedrooms, Soaking Tub, Separate Shower, Upper Level Primary, Vaulted Ceiling(s), Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Electric Range, Disposal, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Entry Location: Entry Level Living Area Y
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 4690.0
  • Stories: 2
  • Window Features: Casement Window(s)

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: Intercoastal
  • Fencing: Fenced
  • Lot Features: Sprinklers Automatic, Sprinkler System
  • Pool Features: Heated, In Ground
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Intracoastal Access, Lagoon
  • Waterfront: Yes
  • Construction Type: Block, Frame
  • Direction Faces: West
  • Other Structures: Cabana
  • Patio And Porch Features: Patio
  • Roof: Shake, Wood

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Inside
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community Features: Boat Facilities, Street Lights
  • Senior Community: No
  • Amenities: Boating, Sidewalks
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 40434503220001380
  • Lot Size Acres: 0.54
  • Lot Size: 109 X 262 X 100 X 209
  • Lot Size Sq Ft: 23522.4
  • Mobile Dim Units: Feet
  • Zoning: R1A

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 22787.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2014
Closed on
Sep 23, 2015
Sold by
Lipsit Daniel R and Lipsit Tiffany
Bought by
Reveley Robert J
Seller's Agent
Jack Elkins
William Raveis Real Estate
Buyer's Agent
Tierney O'Hara
Sotheby's Intl. Realty, Inc.
List Price
$2,295,000
Sold Price
$1,600,000
Premium/Discount to List
-$695,000
-30.28%
Current Estimated Value
$4,612,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,012,024
Avg. Annual Appreciation
10.78%
Original Mortgage
$1,280,000
Outstanding Balance
$995,622
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,616,402

Purchase Details

Closed on
Apr 29, 2011
Sold by
Jones Ronald W and Jones Patricia
Bought by
Lipsit Daniel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$843,750
Interest Rate
4.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 1997
Sold by
Hall Kenneth G and Hall Debra M
Bought by
Jones Ronald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,050
Interest Rate
7.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 1994
Sold by
Hall Deborah K
Bought by
Hall Kenneth G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reveley Robert J $1,600,000 Summit Title Services Corp
Lipsit Daniel R $1,125,000 Crystal Title Inc
Jones Ronald W $975,000 --
Hall Kenneth G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reveley Robert J $1,280,000
Previous Owner Lipsit Daniel R $843,750
Previous Owner Jones Ronald W $400,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2015 09/23/15 Sold $1,600,000 -30.3% $341 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
10/29/2014 10/29/14 For Sale $2,295,000 -- $489 / 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 $24,702 $1,304,658 -- --
2024 $24,702 $1,267,889 -- --
2023 $23,837 $1,230,960 $0 $0
2022 $23,634 $1,195,107 $0 $0
2021 $23,385 $1,160,298 $0 $0
2020 $23,332 $1,144,278 $0 $0
2019 $22,687 $1,101,960 $0 $0
2018 $21,075 $1,051,617 $0 $0
2017 $19,645 $971,091 $0 $0
2016 $19,433 $951,118 $0 $0
2015 $23,309 $1,107,500 $0 $0
2014 $23,342 $1,098,710 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jack Elkins

    William Raveis Real Estate

    (561) 373-2198

    9 in this area

    20 Total Sales

    Jack Elkins
    Section Image

  • E

    Seller Co-Listing Agent in 2015

    Erin Hiatt

    William Raveis Real Estate

    (561) 655-6570

    3 in this area

    4 Total Sales

    Erin Hiatt
    Section Image
  • Tierney O'Hara

    Buyer's Agent in 2015

    Tierney O'Hara

    Sotheby's Intl. Realty, Inc.

    (561) 449-1212

    1 in this area

    54 Total Sales

    Tierney O'Hara
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10084404

BeachesMLS (Greater Fort Lauderdale)

APN: 40-43-45-03-22-000-1380

Florida Palm Beach County Lantana 33462

994 SE Atlantic Dr, Lantana, FL

Not Listed for Sale

Detached

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