NOT LISTED FOR SALE

Palm Beach, FL 33480

Estimated Value: $3,843,000

5 Beds
8 Baths
8,722 Sq Ft
$441/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $21,800,000 $2,499 Per Sq Ft

Current estimated payment $23,739/month

64 Days on Market

Highlights

  • New Construction
  • In Ground Spa
  • Balcony
  • Palm Beach Public School Rated A-
  • Marble Flooring
  • 2 Car Attached Garage

About This Home

As of February 2024

New light & crisp Palm Beach villa. This 5 BR & 6.2 BA home offers exceptional craftsmanship & attention to detail. Located across from the Atlantic ocean in the highly desired Palm Beach Estate Section. Glamour, luxury & beautiful symmetry combine with an intuitive design comfortably delivering a sleek transitional aesthetic characterized by intuitively delineated spaces over 3 levels of comfortable luxury living. Details include: stunning curvilinear stair, high ceilings, spacious loggia, gourmet kitchen, family room, spacious primary suite with dual luxury baths, game room, two bars, wine room, gym, theater, two laundry rooms, pool, 2 car garage, elevator & much more. Additionally, 1 Year Warranty from Developer. Truly a ''must see.''

Last Agent to Sell the Property

Suzanne Trapani Frisbie

The Corcoran Group License #508253 Listed on: 11/14/2023

Last Buyer's Agent

Linda R Olsson

Linda R. Olsson, Inc. License #432027

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $77,635

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.4 Acre Lot
  • East Facing Home
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 8,722 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Bar
  • Entrance Foyer

Kitchen

  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet

Pool

  • In Ground Spa
  • Private Pool

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Boulevard Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434335040000190

Home Details

Home Type

Single Family

Est. Annual Taxes

$77,635

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Year Built: 2022
  • Architectural Style: Colonial
  • Unit Levels: Three Or More
  • New Construction: Yes
  • Building Stories: 3
  • DelayedMarketingYN: No
  • Special Features: 4098
  • Stories: 3

Interior Features

  • Interior Amenities: Wet Bar, Bathtub, Entrance Foyer, Elevator, Kitchen Island, Multiple En Suite Bathrooms, Pantry, Soaking Tub, Bar, Walk-In Closet(s)
  • Main Level Bedrooms: 1
  • Private Spa: Yes
  • Furnished: Unfurnished
  • Spa Features: In Ground
  • Appliances: Dishwasher, Free-Standing Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Marble, Wood
  • Living Area: 8722.0
  • Stories: 3

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • Lot Features: 1/4 to 1/2 Acre Lot, Sprinklers Automatic
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Direction Faces: East
  • Other Structures: Cabana
  • Patio And Porch Features: Covered, Open, Patio, Balcony
  • Property Condition: New Construction
  • 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

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None

Lot Info

  • Parcel #: 50434335040000190
  • Lot Size Acres: 0.4
  • Lot Size Sq Ft: 17424.0
  • Mobile Dim Units: Feet
  • Zoning: RA

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 77634.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2023
Closed on
Feb 2, 2024
Sold by
1080 South Ocean Llc
Bought by
1080 South Ocean Boulevard Trust and Hamby
Seller's Agent
Suzanne Trapani Frisbie
The Corcoran Group
Buyer's Agent
Linda R Olsson
Linda R. Olsson, Inc.
List Price
$24,800,000
Sold Price
$21,800,000
Premium/Discount to List
-$3,000,000
-12.1%
Views
94
Current Estimated Value
$3,843,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,957,000
Avg. Annual Appreciation
-58.56%
Original Mortgage
$9,000,000
Outstanding Balance
$8,796,832
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
-$4,953,832

Purchase Details

Listed on
Aug 2, 2019
Closed on
Dec 28, 2020
Sold by
Zywiee David and Estate Of Jennie K Scaife
Bought by
1080 South Ocean Llc
Seller's Agent
Elizabeth Jones
Linda R. Olsson, Inc.
Buyer's Agent
Suzanne Frisbie
The Corcoran Group
List Price
$6,150,000
Sold Price
$4,600,000
Premium/Discount to List
-$1,550,000
-25.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.45%

Purchase Details

Closed on
Apr 24, 2003
Sold by
Whisman Jack P and Hand Edward S
Bought by
Scaife Jennie K

Purchase Details

Closed on
Apr 17, 1997
Sold by
Building Mgmt Corp
Bought by
Hand Edward J
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
1080 South Ocean Boulevard Trust $21,800,000 None Listed On Document
1080 South Ocean Llc $4,600,000 Attorney
Scaife Jennie K $1,900,000 --
Hand Edward J $875,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1080 South Ocean Boulevard Trust $9,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/02/2024 02/02/24 Sold $21,800,000 -12.1% $2,499 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
11/14/2023 11/14/23 For Sale $24,800,000 +439.1% $2,843 / Sq Ft
12/30/2020 12/30/20 Sold $4,600,000 -25.2% $920 / Sq Ft View Prior Sale
11/30/2020 11/30/20 Pending -- -- --
08/02/2019 08/02/19 For Sale $6,150,000 -- $1,230 / 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 $279,327 $20,591,065 -- --
2024 $279,327 $17,634,413 -- --
2023 $77,635 $4,315,997 $0 $0
2022 $70,623 $3,923,634 $0 $0
2021 $69,985 $4,225,008 $3,564,000 $661,008
2020 $93,603 $5,817,151 $4,860,000 $957,151
2019 $88,084 $5,438,930 $4,725,000 $713,930
2018 $77,228 $4,904,803 $4,479,078 $425,725
2017 $69,236 $4,072,922 $3,641,527 $431,395
2016 $77,578 $4,500,460 $0 $0
2015 $77,653 $4,325,043 $0 $0
2014 $74,318 $4,085,948 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Suzanne Trapani Frisbie

    The Corcoran Group

  • Linda R Olsson

    Buyer's Agent in 2024

    Linda R Olsson

    Linda R. Olsson, Inc.

    (561) 329-4044

    85 Total Sales

    Linda R Olsson
    Section Image

  • E

    Seller's Agent in 2020

    Elizabeth Jones

    Linda R. Olsson, Inc.

    (561) 358-7823

    5 Total Sales

    Elizabeth Jones
    Section Image

  • S

    Buyer's Agent in 2020

    Suzanne Frisbie

    The Corcoran Group

    (561) 373-0941

    83 Total Sales

    Suzanne Frisbie
    Section Image
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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10935912

BeachesMLS (Greater Fort Lauderdale)

APN: 50-43-43-35-04-000-0190

Florida Palm Beach County Palm Beach

33480

Not Listed for Sale

Detached

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