NOT LISTED FOR SALE

Palm Beach, FL 33480

Estimated Value: $2,319,000 - $3,131,000

2 Beds
2 Baths
1,428 Sq Ft
1973 Built

Last Sold March 31, 2023

Last sale price $2,500,000 $1,751 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $17,160/month

182 Days on Market

Highlights

  • Ocean View
  • Marble Flooring
  • Community Pool
  • Palm Beach Public School Rated A-
  • High Ceiling
  • Bike Room

About This Home

As of March 2023

Highly sought-after Chalet by the Ocean 2 bedroom, 2 bath apartment sits only 300 feet from the beach on Peruvian Avenue's ocean-block. Just one street north of world famous Worth Avenue and comfortable walking distances to downtown Palm Beach restaurants and hotel gathering spots. Three blocks east to the town docks, park and the Lake Trail. This apartment has been meticulously maintained and is in pristine condition. Balcony seating with lush tropical landscaping views and a glimpse of the Atlantic's blue water. Heated pool and ample off street parking with one covered spot.

Last Agent to Sell the Property

James Edwards

Sotheby's Intl. Realty, Inc. License #3151564 Listed on: 08/26/2022

Sotheby's Intl. Realty, Inc.

Co-Listed By

Christine Gibbons

Sotheby's Intl. Realty, Inc. License #682260

Last Buyer's Agent

Lucinda Ryder

Regency Realty Services License #488353

Regency Realty Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,494

Year Built

  • Built in 1973

Property Views

  • Ocean
  • Garden
  • Pool

Interior Spaces

  • 1,428 Sq Ft Home
  • 3-Story Property
  • Custom Mirrors
  • Built-In Features
  • High Ceiling
  • Entrance Foyer
  • Marble Flooring

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

Parking

  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Central Heating
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Balcony
  • South Facing Home

Listing and Financial Details

  • Assessor Parcel Number 50434326070002040

Community Details

Recreation

  • Community Pool

Security

  • Phone Entry
  • Fire and Smoke Detector

Additional Features

  • Chalet By The Ocean Condo Subdivision
  • Bike Room

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,494

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Ocean block of Peruvian Ave, north side of street. Park in large lot adjacent to the building on the east side.
  • Year Built: 1973
  • Carport Y N: Yes
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Closet Cabinetry, Entrance Foyer, High Ceilings, Custom Mirrors, Main Level Primary, Pantry, Tub Shower, Walk-In Closet(s)
  • Main Level Bedrooms: 2
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Water Heater, Free-Standing Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Trash Compactor
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Entry Level Living Area Y
  • Flooring: Marble
  • Living Area: 1428.0
  • Stories: 3

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • View: City, Garden, Ocean, Pool
  • Pool Features: Association
  • Pool Private: No
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: South
  • Patio And Porch Features: Covered, Balcony
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Carport Spaces: 1.0
  • Garage Yn: No
  • Parking Features: Assigned, Covered, Guest

Utilities

  • Security: Phone Entry, Smoke Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association Fee: 1434.0
  • Pets Allowed: No
  • Senior Community: No
  • Amenities: Bike Storage, Pool, Trash
  • Common Interest: Condominium

Lot Info

  • Parcel #: 50434326070002040
  • Mobile Dim Units: Feet
  • Zoning: R-C(ci

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 15493.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Mar 31, 2023
Sold by
Bigley Harry Alan and Bigley Garland
Bought by
Ott Kevin D and Ott Elizabeth W
Seller's Agent
James Edwards
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Lucinda Ryder
Regency Realty Services
List Price
$3,450,000
Sold Price
$2,500,000
Premium/Discount to List
-$950,000
-27.54%
Views
24
Current Estimated Value
$2,810,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,028
Avg. Annual Appreciation
4.29%

Purchase Details

Listed on
Apr 15, 2014
Closed on
Sep 22, 2014
Sold by
Modapb Llc
Bought by
Bigley Harry Alan and Bigley Garland
Seller's Agent
W.PETER MAHLER
WILSHIRE INTL. REALTY
Buyer's Agent
W.PETER MAHLER
WILSHIRE INTL. REALTY
List Price
$685,000
Sold Price
$685,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.39%
Original Mortgage
$544,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2011
Sold by
Savina Linda M and Obrien Julie Ann
Bought by
Modapb Llc

Purchase Details

Closed on
Aug 1, 1997
Sold by
Savina James B and Savina Sheila
Bought by
Savina William and Savina Virginia
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
Ott Kevin D $2,500,000 None Listed On Document
Bigley Harry Alan $685,000 Premier Title Company Ltd
Modapb Llc -- Attorney
Savina Linda M -- Attorney
Savina William $247,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bigley Harry Alan $544,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2023 03/31/23 Sold $2,500,000 -23.1% $1,751 / Sq Ft
01/09/2023 01/09/23 Price Changed $3,250,000 -5.8% $2,276 / Sq Ft
08/26/2022 08/26/22 For Sale $3,450,000 0.0% $2,416 / Sq Ft
08/28/2020 08/28/20 Rented $12,500 0.0% --
07/29/2020 07/29/20 Under Contract -- -- --
07/09/2020 07/09/20 For Rent $12,500 +13.6% --
11/05/2019 11/05/19 Rented $11,000 -12.0% --
10/06/2019 10/06/19 Under Contract -- -- --
05/22/2019 05/22/19 For Rent $12,500 -70.2% --
11/02/2018 11/02/18 Rented $42,000 0.0% --
10/03/2018 10/03/18 Under Contract -- -- --
06/04/2018 06/04/18 For Rent $42,000 +236.0% --
10/23/2017 10/23/17 Rented $12,500 0.0% --
09/23/2017 09/23/17 Under Contract -- -- --
04/14/2017 04/14/17 For Rent $12,500 -44.4% --
01/16/2015 01/16/15 Rented $22,500 0.0% --
01/16/2015 01/16/15 For Rent $22,500 0.0% --
09/22/2014 09/22/14 Sold $685,000 0.0% $476 / Sq Ft View Prior Sale
08/21/2014 08/21/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $685,000 0.0% $476 / Sq Ft
03/23/2012 03/23/12 Rented $2,500 0.0% --
02/22/2012 02/22/12 Under Contract -- -- --
10/05/2011 10/05/11 For Rent $2,500 -- --
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 $31,335 $2,100,000 -- --
2024 $31,335 $2,100,000 -- --
2023 $24,845 $1,080,652 $0 $0
2022 $21,073 $982,411 $0 $0
2021 $15,493 $1,025,000 $0 $1,025,000
2020 $14,611 $925,000 $0 $925,000
2019 $14,022 $900,000 $0 $900,000
2018 $12,216 $800,000 $0 $800,000
2017 $10,586 $610,000 $0 $0
2016 $9,643 $555,000 $0 $0
2015 $10,040 $555,000 $0 $0
2014 $9,717 $530,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    James Edwards

    Sotheby's Intl. Realty, Inc.

    (561) 370-4141

    20 Total Sales

    James Edwards
    Section Image

  • C

    Seller Co-Listing Agent in 2023

    Christine Gibbons

    Sotheby's Intl. Realty, Inc.

    (561) 758-5402

    45 Total Sales

    Christine Gibbons
    Section Image

  • L

    Buyer's Agent in 2023

    Lucinda Ryder

    Regency Realty Services

    (561) 394-4600

    3 Total Sales

    Lucinda Ryder
    Section Image

  • S

    Seller's Agent in 2015

    SHARON SANDS

    WILSHIRE INTL. REALTY

  • W

    Seller's Agent in 2014

    W.PETER MAHLER

    WILSHIRE INTL. REALTY

  • R

    Buyer's Agent in 2012

    RICHARD STAHL

    JEFFREY A. CLONINGER and ASSOC.,INC.

See All Agents

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10827582

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-26-07-000-2040

Florida Palm Beach County Palm Beach

33480

Not Listed for Sale

Condos

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