NOT LISTED FOR SALE

Estimated Value: $5,202,000 - $6,050,927

4 Beds
4 Baths
4,553 Sq Ft
$1,214/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $2,825,000 $620 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $32,506/month

40 Days on Market

Highlights

  • Boat Ramp
  • Home fronts navigable water
  • Canal View
  • Property has ocean access
  • Private Pool
  • Deck

About This Home

As of August 2020

Waterfront Living on McCormick Mile Island with Beach Club Ownership Included! If boating and a south Florida waterfront lifestyle are what you seek, this exclusive 4,550 SF home with 4 bedroom and 4 baths on upscale McCormick Mile Island is the perfect answer. The home is on one of the largest waterfront lots in Ocean Ridge. It has been extensively remodeled and you'll love the interior design from the moment you enter through the front doors. Walk into the marble entryway and see the custom coffered ceilings throughout the home and be impressed with the high, crown molded ceilings and spaciousness of the living room with its gorgeous fireplace. Marvel at the incredible waterway views through the three sets of French doors that lead to the patio, pool and new waterfront dock, and bask in the beautiful natural light that bathes the entire lower level. The home's open floor plan flows beautifully into the new center island gourmet kitchen with countertop range, large prep area and a built-in wine cooler. Extensive granite counters surround the center island with custom cabinetry, top of the line stainless steel appliances, and a kitchen pantry for added storage convenience. A spacious breakfast cove is adjacent to the kitchen, and the raised kitchen counter doubles as a lunch/snack bar and location for hors d' oeuvres and drinks when entertaining in the living room area with its nearby wet bar, or enjoy the luxury of eating in your formal dining room. Whether relaxing in your living room, enjoying more casual time in your family room or working in the privacy of your den/office, this home provides the perfect living space for the entire family. The very large master suite is located on the upper level and features a beautiful custom coffered ceiling, large walk-in closet, and access through French doors to the balcony that overlooks the inlet waterway. The master bath has dual sinks, a Roman tub with Whirlpool spa, a large walk-in shower and expansive storage space in the custom wood cabinetry. The brick-paved outdoor patio has a covered area with a built-in grill, and the custom pool features a hot tub and spa. Walk from the patio down to the 136 feet of private waterfront to your new deep water dock and onto your boat, knowing you are just minutes away from the Boynton Beach Inlet and open waters. Amenities include a large laundry room, 3-car garage, new impact glass windows and doors, redesigned landscaping and total sod replacement as well as gratis membership at the exclusive McCormick Mile Beach Club.

Last Agent to Sell the Property

Steven Presson

The Corcoran Group License #3135349 Listed on: 05/07/2020

The Corcoran Group

Last Buyer's Agent

Rebecca Frase

Coldwell Banker Realty /Delray Beach License #3388762

Coldwell Banker Realty /Delray Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,838

Year Built

  • Built in 1999

Lot Details

  • 0.31 Acre Lot
  • Home fronts navigable water
  • Home fronts a canal
  • West Facing Home
  • Interior Lot

Parking

  • 3 Car Attached Garage

Property Views

  • Canal
  • Pool

Interior Spaces

  • 4,553 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Formal Dining Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Dual Sinks
  • Roman Tub
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Private Pool
  • Pool Equipment or Cover

Outdoor Features

  • Property has ocean access
  • Seawall
  • Balcony
  • Deck
  • Open Patio

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 46434522100000790

Community Details

Overview

  • MC Cormick Mile Add 1 Subdivision

Recreation

  • Boat Ramp
  • Boating
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,838

Year Built

Built in 1999

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: East on Ocean Avenue to A1A/North Ocean Blvd, turn left on Island Drive, then left on Island Drive South
  • Year Built: 1999
  • Unit Levels: Multi/Split, Two
  • Building Stories: 2
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Breakfast Bar, Breakfast Area, Bathtub, Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Garden Tub/Roman Tub, High Ceilings, Jetted Tub, Kitchen Island, Soaking Tub, Separate Shower, Upper Level Primary, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Water Heater, Free-Standing Freezer, Disposal, Microwave, Oven, Refrigerator, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Entry Location: Entry Level Living Area Y
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Marble
  • Living Area: 4553.0
  • Stories: 2
  • Window Features: Storm Window(s)

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • View: Canal, Pool
  • Lot Features: Interior Lot, 1/4 to 1/2 Acre Lot
  • Pool Features: In Ground, Pool Equipment
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Canal Front, Navigable Water, Ocean Access, Seawall
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: West
  • Patio And Porch Features: Covered, Deck, Open, Patio, Balcony
  • Property Condition: Resale
  • Roof: Wood Trusses

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Garage

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Inside, Laundry Closet
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Septic Tank
  • Utilities: Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community Features: Boat Facilities
  • Senior Community: No
  • Amenities: Boating, Trail(s)

Lot Info

  • Parcel #: 46434522100000790
  • Lot Size Acres: 0.31
  • Lot Size: 136.0 ft x 100.0 ft
  • Lot Size Sq Ft: 13503.6
  • Mobile Dim Units: Feet
  • Zoning: RSF(ci

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 23838.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2020
Closed on
Aug 6, 2020
Sold by
Siedle Edward and Siedle Tamara
Bought by
Frase Jeffrey S
Seller's Agent
Steven Presson
The Corcoran Group
Buyer's Agent
Rebecca Frase
Coldwell Banker Realty /Delray Beach
List Price
$2,995,000
Sold Price
$2,825,000
Premium/Discount to List
-$170,000
-5.68%
Current Estimated Value
$5,527,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,702,982
Avg. Annual Appreciation
13.06%

Purchase Details

Closed on
Oct 7, 2003
Sold by
Paulsen John F and Paulsen Michele
Bought by
Siedle Edward and Siedle Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.75%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 28, 1998
Sold by
Demonaco Kathryn J
Bought by
Clifton Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
6.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Frase Jeffrey S $2,825,000 None Available
Siedle Edward $1,410,000 --
Clifton Homes Inc $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Siedle Edward $750,000
Previous Owner Clifton Homes Inc $169,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2020 08/07/20 Sold $2,825,000 -5.7% $620 / Sq Ft
07/08/2020 07/08/20 Pending -- -- --
05/07/2020 05/07/20 For Sale $2,995,000 -- $658 / 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 $45,600 $2,607,143 -- --
2024 $45,600 $2,533,667 -- --
2023 $44,598 $2,459,871 $0 $0
2022 $44,109 $2,367,893 $0 $0
2021 $44,004 $2,298,925 $950,000 $1,348,925
2020 $33,728 $1,726,893 $765,000 $961,893
2019 $24,077 $1,245,335 $0 $0
2018 $22,729 $1,222,115 $0 $0
2017 $22,469 $1,196,978 $0 $0
2016 $22,651 $1,172,358 $0 $0
2015 $23,183 $1,164,209 $0 $0
2014 $23,229 $1,154,969 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10620967

BeachesMLS (Greater Fort Lauderdale)

APN: 46-43-45-22-10-000-0790