NOT LISTED FOR SALE

Estimated Value: $990,390 - $2,151,000

2 Beds
2 Baths
1,659 Sq Ft
1975 Built

Sale Details

Date Sold: February 4, 2022

Last sale price $525,000 $316 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $10,736 / mo

134 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Fitness Center
  • Palm Beach Public School Rated A-
  • Bar or Lounge
  • Built in 1975 | Newly Remodeled

About This Home

As of February 2022

This gorgeous 2 bedroom 2 bathroom condo is 1 of the only waterfront properties currently available on Palm Beach Island.

Last Agent to Sell the Property

Murray Gross

MLG Global Realty Group LLC License #3239183 Listed on: 07/26/2021

Last Buyer's Agent

Murray Gross

MLG Global Realty Group LLC License #3239183 Listed on: 07/26/2021

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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,669

Year Built

  • Built in 1975 | Newly Remodeled

HOA Fees

  • $1,550 Monthly HOA Fees

Property Views

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,659 Sq Ft Home
  • Bar
  • Ceiling Fan
  • Video Cameras

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Assigned Parking

Additional Features

  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 50434423050012020

Community Details

Overview

  • The Cove Condos
  • Cove Condo Subdivision
  • 5-Story Property

Amenities

  • Doorman
  • Bar or Lounge
  • Secure Lobby

Recreation

Pet Policy

  • No Pets Allowed

Building Details

Security

  • Security Guard
  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,669

Year Built

Built in 1975 | Newly Remodeled

Lot Details

0 Sq Ft Lot

HOA Fees

$1,550 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1975
  • Property Sub Type: Condominium
  • Entry Level: 2
  • Garage Yn: No
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: COVE CONDO
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Washer
  • Interior Amenities: Bar
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 1659
  • Possible Use: Primary
  • Stories: 5
  • Bedroom Features: None

Exterior Features

  • View: Bay, Intracoastal View
  • Exterior Features: East Of Us1, None
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Intracoastal Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: The Cove
  • Parking Features: 1 Space, Assigned

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure, Fire Alarm, Grillwork, Guard At Site, Lobby Secured, TV Camera

Condo/Co-op/Association

  • Association Fee: 4650
  • Amenities: Bar, Clubhouse-Clubroom, Elevator(s), Exercise Room, Pool
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 50434423050012020
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7669

Multi Family

  • Maintenance Expense: 4650

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2021
Closed on
Feb 1, 2022
Sold by
Bought by
Seller's Agent
Murray Gross
MLG Global Realty Group LLC
Buyer's Agent
Murray Gross
MLG Global Realty Group LLC
List Price
$899,000
Sold Price
$525,000
Premium/Discount to List
-$374,000
-41.6%
Current Estimated Value
$1,501,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$976,848
Avg. Annual Appreciation
25.99%

Purchase Details

Closed on
Oct 16, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 11, 1998
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$525,000 Eric P Stein Pa
-- Attorney
$185,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/04/2022 02/04/22 Sold $525,000 -34.3% $316 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
09/13/2021 09/13/21 Price Changed $799,000 -11.1% $482 / Sq Ft
07/26/2021 07/26/21 For Sale $899,000 -- $542 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,175 $784,304
2024 $11,175 $762,200
2023 $10,913 $740,000 $0 $740,000
2022 $9,394 $514,460 $0 $0
2021 $8,125 $485,000 $0 $485,000
2020 $7,669 $460,000 $0 $460,000
2019 $7,058 $405,000 $0 $405,000
2018 $6,266 $370,000 $0 $370,000
2017 $6,074 $370,000 $0 $0
2016 $5,655 $290,400 $0 $0
2015 $4,834 $264,000 $0 $0
2014 $4,455 $240,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11075824

MIAMI REALTORS® MLS

APN: 50-43-44-23-05-001-2020

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