NOT LISTED FOR SALE

Palm Beach, FL 33480

8 Beds
11 Baths
9,842 Sq Ft
0.83 Acres

Last Sold August 02, 2022

Last sale price $23,285,572 $2,366 Per Sq Ft

32 Days on Market

Highlights

  • Private Pool
  • Marble Flooring
  • Breakfast Area or Nook
  • Palm Beach Public School Rated A-
  • Mediterranean Architecture
  • Formal Dining Room

About This Home

As of August 2022

Thoughtfully renovated in 2018, this landmarked 1928 Marion Sims Wyeth compound sits high on a large lot (36,000+ SF) in Palm Beach's gracious Estate Section. The grounds are beautifully conceived for entertaining, privacy & ample outdoor enjoyment. The property enjoys deeded beach access & is conveniently located just two homes away from the Atlantic Ocean. The main house & separate guest house are surrounded by lush landscaping, affording beautiful garden views. The main house is a lovely representation of quintessential Marion Sims Wyeth elements: 25' ceiling living room with beautifully stenciled Pecky Cypress beams & an impressive coquina-clad fireplace, gracious first-floor gallery hall & second-floor gallery sitting room. Near Worth Avenue and Ocean beach access.

Last Agent to Sell the Property

Suzanne Trapani Frisbie

The Corcoran Group License #508253 Listed on: 04/07/2022

Last Buyer's Agent

Suzanne Trapani Frisbie

The Corcoran Group License #508253 Listed on: 04/07/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $171,548

Year Built

  • Built in 1928

Lot Details

  • 0.83 Acre Lot
  • South Facing Home
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 9,842 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • French Doors
  • Formal Dining Room
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms | 2 Main Level Bedrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Tropical Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434335000020040

Home Details

Home Type

Single Family

Est. Annual Taxes

$171,548

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Royal Park Bridge to South Ocean Blvd, Right turn onto Via Del Lago. House is on the right (north side of the street). Use the 2nd driveway
  • Year Built: 1928
  • Architectural Style: Mediterranean
  • Unit Levels: Three Or More
  • Building Stories: 3
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Interior Amenities: Breakfast Area, Bathtub, Dining Area, Separate/Formal Dining Room, Dual Sinks, Family/Dining Room, French Door(s)/Atrium Door(s), Multiple En Suite Bathrooms, Sitting Area in Primary, Soaking Tub, Separate Shower, Tub Shower, Upper Level Primary
  • Main Level Bedrooms: 2
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Free-Standing Freezer, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 9
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Door Features: French Doors
  • Entry Location: Entry Level Living Area Y
  • Fireplace: Yes
  • Flooring: Marble, Wood
  • Living Area: 9842.0
  • Stories: 3

Exterior Features

  • Exterior Features: Lighting, Outdoor Living Area
  • Lot Features: Sprinklers Automatic
  • Pool Features: In Ground, Outside Bath Access
  • Pool Private: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Hollow Tile
  • Direction Faces: South
  • Other Structures: Cabana
  • Patio And Porch Features: Covered, Open
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

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

Utilities

  • Laundry Features: Inside, Laundry Closet
  • Security: Security System Owned, Security System, Gated Community
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Senior Community: No
  • Amenities: None

Lot Info

  • Parcel #: 50434335000020040
  • Lot Size Acres: 0.83
  • Lot Size: 232.5 ft x 167.5 ft
  • Lot Size Sq Ft: 36154.8
  • Mobile Dim Units: Feet
  • Zoning: RA

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 171548.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
Jul 27, 2022
Sold by
125 Vdl Llc
Bought by
Glaser Todd M and Glaser Kim
Seller's Agent
Suzanne Trapani Frisbie
The Corcoran Group
Buyer's Agent
Suzanne Trapani Frisbie
The Corcoran Group
List Price
$25,750,000
Sold Price
$23,285,572
Premium/Discount to List
-$2,464,428
-9.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,250,000
Outstanding Balance
$15,111,360
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 8, 2019
Closed on
Jul 11, 2019
Sold by
125 Via Del Lago Llc
Bought by
125 Vdl Llc
Seller's Agent
SUZANNE FRISBIE
Premier Estate Properties, Inc. - Palm Beach
Buyer's Agent
SUZANNE FRISBIE
MCCANN COYNER CLARKE
List Price
$16,100,000
Sold Price
$16,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%
Original Mortgage
$9,720,000
Interest Rate
3.4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 29, 2016
Closed on
Nov 3, 2017
Sold by
Geh Properties Llc
Bought by
125 Via Lago Llc
Seller's Agent
Harriet Brams
Inactive Member
Buyer's Agent
David Solomon
Coldwell Banker Realty
List Price
$18,000,000
Sold Price
$11,400,000
Premium/Discount to List
-$6,600,000
-36.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.51%

Purchase Details

Closed on
Oct 22, 2010
Sold by
Power Richard and Power Maria
Bought by
Geh Properties Llc

Purchase Details

Closed on
Jun 10, 1998
Sold by
Jack C Taylor Tr
Bought by
Power Richard and Power Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
7.23%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Glaser Todd M $23,285,572 First American Title
125 Vdl Llc $16,100,000 Attorney
125 Via Lago Llc $10,952,823 Attorney
Geh Properties Llc $9,285,000 Title Matters Llc
Power Richard $4,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glaser Todd M $16,250,000
Previous Owner 125 Vdl Llc $9,720,000
Previous Owner Power Richard $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2022 08/02/22 Sold $23,285,572 -9.6% $2,366 / Sq Ft
07/03/2022 07/03/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $25,750,000 +59.9% $2,616 / Sq Ft
07/15/2019 07/15/19 Sold $16,100,000 0.0% $1,851 / Sq Ft View Prior Sale
06/06/2019 06/06/19 Pending -- -- --
04/08/2019 04/08/19 For Sale $16,100,000 +41.2% $1,851 / Sq Ft
11/03/2017 11/03/17 Sold $11,400,000 0.0% $1,311 / Sq Ft View Prior Sale
11/03/2017 11/03/17 Sold $11,400,000 -36.7% $1,230 / Sq Ft View Prior Sale
10/04/2017 10/04/17 Pending -- -- --
07/27/2017 07/27/17 Pending -- -- --
11/29/2016 11/29/16 For Sale $18,000,000 +57.9% $1,942 / Sq Ft
03/18/2016 03/18/16 For Sale $11,400,000 -- $1,311 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $295,112 $19,774,993 -- --
2023 $289,148 $19,199,022 $0 $0
2022 $216,320 $11,542,047 $0 $0
2021 $171,858 $10,492,770 $7,700,000 $2,792,770
2020 $169,886 $10,203,821 $7,560,000 $2,643,821
2019 $169,966 $9,996,203 $7,350,000 $2,646,203
2018 $164,148 $9,974,229 $6,888,000 $3,086,229
2017 $202,728 $12,076,853 $6,761,811 $5,315,042
2016 $196,136 $11,369,958 $0 $0
2015 $191,333 $10,336,325 $0 $0
2014 $178,381 $9,396,659 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Suzanne Trapani Frisbie

    The Corcoran Group

  • S

    Seller's Agent in 2019

    SUZANNE FRISBIE

    Premier Estate Properties, Inc. - Palm Beach

  • p

    Buyer's Agent in 2019

    pbb.rets.frisst

    pbb.rets.RETS_OFFICE

  • H

    Seller's Agent in 2017

    HARRIET BRAMS

    Douglas Elliman

  • S

    Seller Co-Listing Agent in 2017

    Steve Davis

    Douglas Elliman

    Section Image

  • N

    Buyer's Agent in 2017

    NON MEMBER

    NON MEMBER FIRM

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10789890

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-35-00-002-0040

Florida Palm Beach County Palm Beach

33480

Not Listed for Sale

Detached

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