NOT LISTED FOR SALE

Estimated Value: $25,265,272

36.82 Acres
$686,183 Price per Acre
1,603,879 Sq Ft Lot

Sale Details

Date Sold: October 22, 2021

Last sale price $21,000,000

Est. 20% increase in value since last sale

Current estimated payment $137,576 / mo

88 Days on Market

Highlights

  • 36.82 Acre Lot
  • Partially Wooded Lot
  • Agricultural
  • Polo Park Middle School Rated A-
  • No HOA
  • Fenced

About This Lot

As of October 2021

This is one of the last remaining pieces of prime real estate within hacking distance to the show grounds. This 36.82 acre parcel is approved for two dwelling units or create one massive compound to celebrate an exquisite equestrian lifestyle. Contiguous to Palm Beach Polo, these polo fields are beautifully manicured and hidden behind the rich landscape on Pierson Road. This is a rare opportunity and it won't last long!

Last Agent to Sell the Property

John Greene

Douglas Elliman Wellington License #3284867 Listed on: 07/08/2021

Douglas Elliman Wellington

Last Buyer's Agent

John Greene

Douglas Elliman Wellington License #3284867 Listed on: 07/08/2021

Douglas Elliman Wellington

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $28,549

Lot Details

  • 36.82 Acre Lot
  • Rural Setting
  • South Facing Home
  • Fenced
  • Paved or Partially Paved Lot
  • Partially Wooded Lot
  • Grass Covered Lot
  • Property is zoned EOZD(c

Utilities

  • Water Not Available
  • Cable TV Available

Additional Features

  • Agricultural
  • Boarding Allowed

Community Details

  • No Home Owners Association
  • White Birch Farm Subdivision

Listing and Financial Details

  • Assessor Parcel Number 73414416210010000

Property Details

Property Type

Land

Est. Annual Taxes

$28,549

Lot Details

36.82 Acres

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Agriculture
  • Property Sub Type Additional: Agriculture
  • Directions: Just east of South Shore Blvd on Pierson Road across from Southfields.
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Exterior Features

  • Fencing: Fenced
  • Lot Features: Agricultural, Residential Lot, Rural Lot
  • Road Surface Type: Paved
  • Waterfront: No
  • Direction Faces: South

Utilities

  • Utilities: Cable Available, None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 73414416210010000
  • Current Use: Agricultural, Other, Single Family, Unimproved
  • Horse Amenities: Boarding Facilities
  • Lot Size Acres: 36.82
  • Lot Size Sq Ft: 1603857.0
  • Possible Use: Other
  • Mobile Dim Units: Feet
  • Zoning: EOZD(c

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 28548.9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Oct 20, 2021
Sold by
13488 South Shore Llc
Bought by
Far Niente Stables I Llc
Seller's Agent
John Greene
Douglas Elliman Wellington
Buyer's Agent
John Greene
Douglas Elliman Wellington
List Price
$27,000,000
Sold Price
$21,000,000
Premium/Discount to List
-$6,000,000
-22.22%
Current Estimated Value
$25,265,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,265,272
Avg. Annual Appreciation
4.26%
Original Mortgage
$15,000,000
Outstanding Balance
$13,559,315
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$11,705,957

Purchase Details

Closed on
May 14, 2020
Sold by
White Birch Farm Inc
Bought by
13488 South Shore Llc
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Far Niente Stables I Llc $21,000,000 Attorney
13488 South Shore Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Far Niente Stables I Llc $15,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2021 10/22/21 Sold $21,000,000 -22.2% --
09/22/2021 09/22/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $27,000,000 -- --
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 $30,832 $1,207,680 -- --
2024 $30,832 $1,141,405 -- --
2023 $30,300 $1,104,585 $0 $0
2022 $29,837 $1,104,585 $0 $0
2021 $28,380 $994,127 $994,127 $0
2020 $28,549 $994,127 $994,127 $0
2019 $28,773 $994,127 $994,127 $0
2018 $28,232 $994,127 $994,127 $0
2017 $28,471 $994,127 $0 $0
2016 $25,951 $846,849 $0 $0
2015 $23,379 $699,571 $0 $0
2014 $20,247 $552,293 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10729580

BeachesMLS (Greater Fort Lauderdale)

APN: 73-41-44-16-21-001-0000

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