NOT LISTED FOR SALE

The Palm Beach Hotel Condominium Floor 3 Palm Beach, FL 33480

North End Neighborhood

Estimated Value: $352,000 - $361,715

Studio
1 Bath
271 Sq Ft
1.81 Acres

Last Sold April 30, 2024

Last sale price $270,000 $996 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,151/month

166 Days on Market

Highlights

  • Furnished
  • Community Pool
  • Bike Room
  • Palm Beach Public School Rated A-
  • Elevator
  • Cooling System Mounted To A Wall/Window

About This Home

As of April 2024

This quaint and updated unit at the Palm Beach Hotel offers the unique opportunity for a pied a terre or a great investment opportunity. The Palm Beach Hotel is the only building in Palm Beach that allows for short-term Airbnb rentals with nightly minimum. Unit features complete impact glass windows. The unit is ideally located on Sunrise Avenue, just minutes away from the beach, Royal Poinciana Plaza, and all the shops and restaurants that Palm Beach Island has to offer.

Last Agent to Sell the Property

Joseph Scheerer

Douglas Elliman License #3294010 Listed on: 10/25/2023

Douglas Elliman

Co-Listed By

Sasha Kraver

Douglas Elliman License #3460207

Last Buyer's Agent

Richard Heller

United Realty Group, Inc License #3308192

United Realty Group, Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,412

Year Built

  • Built in 1925

Lot Details

  • 1.81

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 1 Full Bathroom
  • 271 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Vinyl Flooring
  • Home Security System
  • Microwave

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Additional Features

  • Patio
  • North Facing Home

Listing and Financial Details

  • Assessor Parcel Number 50434315280003012

Community Details

Overview

  • Association fees include common areas, cable TV, electricity, insurance, sewer, security, water
  • Palm Beach Hotel Cond Decl 2 12 81 Subdivision

Amenities

  • Elevator
  • Bike Room

Recreation

Security

  • Resident Manager or Management On Site
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,412

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Take i95 to Okeechobee Blvd. Go E To Palm Beach. Make the first left after the bridge. Make a right onto Sunrise Ave. Building is located on your left.
  • Year Built: 1925
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: None
  • Furnished: Furnished
  • Appliances: Microwave, Refrigerator
  • Full Bathrooms: 1
  • Flooring: Vinyl
  • Living Area: 271.0
  • Stories: 4

Exterior Features

  • Exterior Features: Outdoor Living Area
  • Pool Features: Association
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Special Assessment
  • Construction Type: Brick, Frame, Mixed
  • Direction Faces: North
  • Patio And Porch Features: Covered, Patio
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: On Street

Utilities

  • Security: Security System, Key Card Entry, Lobby Secured
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 734.04
  • Community Features: Property Manager On-Site
  • Senior Community: No
  • Amenities: Bike Storage, Elevator(s), Pool
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Electricity, Insurance, Sewer, Security, Water

Lot Info

  • Parcel #: 50434315280003012
  • Mobile Dim Units: Feet
  • Zoning: R-D(1)

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3412.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2023
Closed on
Apr 26, 2024
Sold by
Covi Lane Llc
Bought by
Sunrise 2 Pb Llc
Seller's Agent
Joseph Scheerer
Douglas Elliman
Buyer's Agent
Richard Heller
United Realty Group, Inc
List Price
$385,000
Sold Price
$270,000
Premium/Discount to List
-$115,000
-29.87%
Views
130
Current Estimated Value
$356,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,679
Avg. Annual Appreciation
17.35%

Purchase Details

Listed on
Sep 26, 2020
Closed on
Nov 12, 2020
Sold by
Whittaker Sam Edwin and Whittaker Angela Peterson
Bought by
Covi Lane Llc
Seller's Agent
Maria Termotto-Horwitz
Keller Williams Realty/P B
Buyer's Agent
Joseph Scheerer
Douglas Elliman
List Price
$139,800
Sold Price
$118,000
Premium/Discount to List
-$21,800
-15.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.94%

Purchase Details

Listed on
Dec 14, 2016
Closed on
Mar 24, 2017
Sold by
Island Hotel Inc
Bought by
Whittaker Sam Edwin and Whittaker Angela Peterson
List Price
$97,500
Sold Price
$75,000
Premium/Discount to List
-$22,500
-23.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.26%

Purchase Details

Closed on
Oct 25, 2007
Sold by
Palm Beach Hotel Partners Llc
Bought by
Island Hotel Inc

Purchase Details

Closed on
Jul 26, 2005
Sold by
Pbh Llc
Bought by
Palm Beach Hotel Partners Llc

Purchase Details

Closed on
Dec 24, 2003
Sold by
Halleran Arthur J and Heise Richard A
Bought by
Pbh Llc

Purchase Details

Closed on
Nov 4, 2003
Sold by
Bell Aron and Bell Henryka
Bought by
Heise Richard A and Halleran Arthur J

Purchase Details

Closed on
Feb 12, 1998
Sold by
Brandon Nicole
Bought by
Bell Aron and Bell Henryka

Purchase Details

Closed on
Apr 23, 1996
Sold by
Consolidted General Limited Co
Bought by
Brandon Now & Then Shops Inc

Purchase Details

Closed on
Oct 11, 1995
Sold by
Haymarket Cooperative Bank
Bought by
Consolidated General Limited Co
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
Sunrise 2 Pb Llc $505,000 None Listed On Document
Sunrise 2 Pb Llc $505,000 None Listed On Document
Sunrise 1 Pb Llc $270,000 None Listed On Document
Sunrise 1 Pb Llc $270,000 None Listed On Document
Covi Lane Llc $118,000 Attorney
Whittaker Sam Edwin $75,000 Attorney
Island Hotel Inc $160,000 Attorney
Palm Beach Hotel Partners Llc $338,000 --
Pbh Llc $90,000 --
Heise Richard A $90,000 --
Bell Aron $22,300 --
Brandon Now & Then Shops Inc $52,000 --
Consolidated General Limited Co $12,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2024 04/30/24 Sold $270,000 -29.9% $996 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
10/25/2023 10/25/23 For Sale $385,000 +226.3% $1,421 / Sq Ft
11/12/2020 11/12/20 Sold $118,000 -15.6% $435 / Sq Ft View Prior Sale
10/13/2020 10/13/20 Pending -- -- --
09/26/2020 09/26/20 For Sale $139,800 +86.4% $516 / Sq Ft
03/24/2017 03/24/17 Sold $75,000 0.0% $277 / Sq Ft View Prior Sale
03/24/2017 03/24/17 Sold $75,000 -23.1% $277 / Sq Ft View Prior Sale
03/07/2017 03/07/17 Pending -- -- --
02/22/2017 02/22/17 Pending -- -- --
12/14/2016 12/14/16 For Sale $97,500 +30.0% $360 / Sq Ft
11/16/2016 11/16/16 For Sale $75,000 -- $277 / 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
2025 $3,591 $286,000 -- --
2024 $3,591 $151,734 -- --
2023 $3,398 $137,940 $0 $0
2022 $2,377 $125,400 $0 $0
2021 $2,101 $114,000 $0 $114,000
2020 $1,698 $94,000 $0 $94,000
2019 $1,621 $89,000 $0 $89,000
2018 $1,375 $69,000 $0 $69,000
2017 $1,307 $69,000 $0 $0
2016 $1,045 $54,571 $0 $0
2015 $1,035 $49,610 $0 $0
2014 $986 $45,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Joseph Scheerer

    Douglas Elliman

    (561) 655-8600

    12 in this area

    64 Total Sales

    Joseph Scheerer
    Section Image
  • Sasha Kraver

    Seller Co-Listing Agent in 2024

    Sasha Kraver

    Douglas Elliman

    (561) 655-8600

    2 in this area

    21 Total Sales

    Sasha Kraver
    Section Image
  • Richard Heller

    Buyer's Agent in 2024

    Richard Heller

    United Realty Group, Inc

    (516) 807-7498

    6 in this area

    100 Total Sales

    Richard Heller
    Section Image

  • M

    Seller's Agent in 2020

    Maria Termotto-Horwitz

    Keller Williams Realty/P B

    (561) 779-9452

    35 in this area

    84 Total Sales

    Maria Termotto-Horwitz
    Section Image
  • Josh Horwitz

    Seller Co-Listing Agent in 2020

    Josh Horwitz

    Keller Williams Realty/P B

    (518) 810-3542

    43 in this area

    78 Total Sales

    Josh Horwitz
    Section Image

  • D

    Buyer Co-Listing Agent in 2020

    Douglas Elliman

    Brown Harris Stevens of PB

    (561) 659-6400

    2 Total Sales

    Douglas Elliman
    Section Image
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About The Palm Beach Hotel Condominium

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10930548

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-15-28-000-3012

Florida Palm Beach County Palm Beach 33480

North End

Not Listed for Sale

Condos

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