NOT LISTED FOR SALE

Estimated Value: $1,707,000 - $2,885,209

3 Beds
2.5 Baths
2,912 Sq Ft
156,380 Sq Ft Lot

Last Sold April 19, 2021

Last sale price $1,825,000 $627 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $15,577/month

121 Days on Market

Highlights

  • Property has ocean access
  • Gated Community
  • 3.59 Acre Lot
  • Fitness Center
  • Waterfront
  • Roman Tub

About This Home

As of April 2021

Resort style-living can be yours. This spectacular beachfront condo offers a surf-side view from the private, second-floor wrap-around terrace. Ocean Ridge is one of the best-kept secrets on the Palm Beach coast with no high-rises & a small-town feel. Take your elevator directly down to the manicured grounds, beachfront pool, & private access to the beach. Cross the verdant dunes & be in your own coastal paradise - no parking, no lifeguards, just sand and surf. Coffee shops, restaurants and shopping are within easy walking distance. With only 18 units in Portofino, enjoy a maintenance-free lifestyle. Fully updated, PLUS 2 car garage and huge AC storage currently being used a personal gym. Looking for resort style-living with a place of your own? This wonderful beachfront condo offers a surf-side view from the private, second-floor wrap-around terrace. Ocean Ridge is one of the best-kept secrets on the Palm Beaches coast with no high-rises and a small-town feel. Take your elevator directly down to the manicured grounds, beachfront pool, and direct private access to the beach. Cross the verdant dunes and be in your own coastal paradise - no parking, no lifeguards, just sand and surf. Coffee shops, restaurants and shopping are within easy walking distance. With only 18 units in Portofino, enjoy a maintenance-free lifestyle that allows you to come and go on your schedule. The building and windows are all hurricane-rated; no cranky old shutters to wrangle. You'll love the oversized two-car garage with loads of extra space for all of your toys plus a huge air-conditioned ground-level bonus storage space that you can use as an office, a giant, private fitness studio, or both. Don't like stairs? No problem, you'll never need to use them. Call up your secure, semi-private elevator (shared with only one other unit) that doubles as a second front door - it is commercially-rated and can handle moving heavy furniture or just popping up and down. This is one-level living at its best, with a split plan that includes a huge master suite plus a second en suite bedroom that is larger than most masters. Miss going to the movies? You will love the Mighty Media Room with $40K worth of audiovisual equipment that makes streaming a special experience. High-speed internet access with full wifi coverage throughout the entire space. Entertaining is an absolute pleasure here. The modern chef's kitchen has all of the room and power that you will need, with an enormous double built-in fridge/freezer combo. Enjoy coffee all day long with the Miele espresso machine with plumbed water source built into the wet bar. Throw open the doors to the terrace and drink in the ocean breezes. Or take a nap on a lounger, lulled by the sound of the waves, and dream about your next adventure.

Last Agent to Sell the Property

Val Coz

Douglas Elliman License #3084495 Listed on: 12/01/2020

Douglas Elliman

Last Buyer's Agent

Randolph Ely

Douglas Elliman License #563399

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,559

Year Built

  • Built in 1997

Lot Details

  • Waterfront
  • North Facing Home

Parking

  • 2 Car Garage
  • Garage Door Opener

Interior Spaces

  • 2,912 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Bar
  • Entrance Foyer
  • Intercom

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Free-Standing Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Roman Tub
  • Soaking Tub

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Three-Phase Power
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 46434527570000072

Community Details

Overview

  • Property has a Home Owners Association
  • Portofino Of Ocean Ridge Condo Subdivision

Amenities

  • Workshop Area
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,559

Year Built

Built in 1997

Lot Details

3.59 Acres

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: South of Woolbright on A1A
  • Year Built: 1997
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Bathtub, Closet Cabinetry, Central Vacuum, Dual Sinks, Entrance Foyer, Elevator, Garden Tub/Roman Tub, Split Bedrooms, Soaking Tub, Bar, Walk-In Closet(s)
  • Main Level Bedrooms: 3
  • Furnished: Negotiable
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Free-Standing Freezer, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble, Wood
  • Living Area: 2912.0
  • Stories: 2

Exterior Features

  • Pool Features: Association
  • Pool Private: No
  • Waterfront Features: Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: North
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Garage, Garage Door Opener

Utilities

  • Laundry Features: Inside, Laundry Tub
  • Other Equipment: Intercom
  • Security: Fire Alarm, Fire Sprinkler System, Gated Community, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1700.0
  • Pets Allowed: Yes
  • Community Features: Home Owners Association, Gated
  • Senior Community: No
  • Amenities: Elevator(s), Fitness Center, Pool, Workshop Area
  • Pets Allowed: Pet Restrictions, Yes

Lot Info

  • Parcel #: 46434527570000072
  • Lot Size Acres: 3.59
  • Lot Size Sq Ft: 156380.4
  • Mobile Dim Units: Feet
  • Zoning: RMM(ci

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 24559.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2020
Closed on
Apr 19, 2021
Sold by
Reed Thomas D and Reed Jacquelyn A
Bought by
Mcnicol Paul M
Seller's Agent
Val Coz
Douglas Elliman
Buyer's Agent
Randolph Ely
Douglas Elliman
List Price
$1,950,000
Sold Price
$1,825,000
Premium/Discount to List
-$125,000
-6.41%
Current Estimated Value
$2,498,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$673,052
Avg. Annual Appreciation
6.56%

Purchase Details

Listed on
Sep 2, 2016
Closed on
Dec 19, 2016
Sold by
Nayar Madhavan K and Nayar Teresa R
Bought by
Reed Thomas D
Seller's Agent
Sue Tauriello
Inactive Member
Buyer's Agent
Val Coz
Douglas Elliman
List Price
$1,850,000
Sold Price
$1,700,000
Premium/Discount to List
-$150,000
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.65%

Purchase Details

Closed on
Apr 15, 2005
Sold by
Vanhoogen Thomas Neil and Vanhoogen Paula A
Bought by
Nayar Madhavan K

Purchase Details

Closed on
Dec 30, 2003
Sold by
Vanhoogen Thomas Neil and Vanhoogen Paula A
Bought by
Vahoogen Thomas Neil

Purchase Details

Closed on
Feb 24, 1998
Sold by
Van Hoogen Thomas N and Van Hoogen Paula A
Bought by
Vanhoogen T Thomas N

Purchase Details

Closed on
Aug 4, 1997
Sold by
R T Milord Co
Bought by
Vanhoogen Thomas N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcnicol Paul M $1,825,000 Attorney
Reed Thomas D $1,700,000 None Available
Nayar Madhavan K $1,600,000 First American Title Ins Co
Vahoogen Thomas Neil -- --
Vanhoogen Thomas Neil -- --
Vanhoogen T Thomas N $100 --
Vanhoogen Thomas N $100 --
Vanhoogen Thomas N $640,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/19/2021 04/19/21 Sold $1,825,000 -6.4% $627 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
11/19/2020 11/19/20 For Sale $1,950,000 +14.7% $670 / Sq Ft
12/19/2016 12/19/16 Sold $1,700,000 -8.1% $584 / Sq Ft View Prior Sale
11/19/2016 11/19/16 Pending -- -- --
09/02/2016 09/02/16 For Sale $1,850,000 -- $635 / 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 $29,246 $1,688,373 -- --
2024 $29,246 $1,640,790 -- --
2023 $28,596 $1,593,000 $0 $1,593,000
2022 $30,176 $1,593,000 $0 $0
2021 $24,532 $1,300,000 $0 $1,300,000
2020 $24,559 $1,300,000 $0 $1,300,000
2019 $25,085 $1,300,000 $0 $1,300,000
2018 $24,140 $1,300,000 $0 $1,300,000
2017 $26,029 $1,385,330 $0 $0
2016 $19,374 $970,000 $0 $0
2015 $19,229 $913,000 $0 $0
2014 $17,275 $830,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10672730

BeachesMLS (Greater Fort Lauderdale)

APN: 46-43-45-27-57-000-0072

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