$9,280,000
SOLD AUG 27, 2024

123 Australian Ave Palm Beach, FL 33480

4 Beds
4 Baths
3,696 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$2,511 Per Sq Ft

12% Below List Price

38 Days on Market

Highlights

  • Guest House
  • Outdoor Pool
  • Wood Flooring
  • Palm Beach Public School Rated A-
  • Waterfront
  • Spanish Architecture

About This Home

As of August 2024

High elevation and 2nd floor ocean views make this freshly renovated, Mediterranean-style home very special. There are three generous bedrooms in the main house, including one with broad views east to the water. All three feature new en-suite baths. The primary suite has been brilliantly rethought with a large, updated private bath and extensive closet space. This non-landmarked house is the perfect blend of 1920's Palm Beach Spanish architecture with modern convenience and sensibilities. Pool-side, a charming guest house includes a fresh and modern downstairs entertaining area along with a light and bright guest suite above. New roof, new AC, new hurricane screens and an up-to-date kitchen make this the perfect spot for a buyer who's looking to be move-in ready for next season. The ocean block of Australian Avenue is the ideal in-town neighborhood - just steps from the beach and Worth Avenue shops and restaurants.

Last Agent to Sell the Property

Lisa Cregan

Sotheby's International Realty, Inc. License #SL-3389810

Sotheby's International Realty, Inc.

Co-Listed By

John Cregan

Sotheby's International Realty, Inc. License #3439962

Last Buyer's Agent

Crista Ryan

Tina Fanjul Associates, Inc. License #SL-451844

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $85,895

Year Built

  • Built in 1924

Lot Details

  • 6,970 Sq Ft Lot
  • Waterfront
  • Home has sun exposure from multiple directions
  • Property is zoned 50- Rb - Rb (50-Palm Beach), 50- Rb - Rb (50-Palm

Parking

  • No Garage

Home Design

  • Spanish Architecture
  • Mediterranean Architecture
  • Barrel Roof Shape
  • Frame Construction
  • Tile

Interior Spaces

  • 3,696 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Dining Room
  • Library

Kitchen

  • Eat-In Kitchen
  • Single Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Pool
  • Patio
  • Lanai

Additional Homes

  • Guest House

Utilities

  • Zoned Heating and Cooling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434323050280510

Home Details

Home Type

Single Family

Est. Annual Taxes

$85,895

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Lot Size: 50
  • Subdivision Name: Tropic Isle
  • Directions: Heading east on Royal Palm Way, make right onto S County, then make u-turn after Town Hall. Ocean block of Australian is one-way going east. House will be on your left.
  • Architectural Style: Mediterranean, Spanish, Two Story
  • Year Built: 1924
  • Location Tax Legal:Zoned: 50- Rb - Rb (50-Palm Beach)
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 85895.0
  • Location Tax Legal:Tax Year2: 2023
  • General Property Description:Living Area: 3696.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 50
  • Floors:Hardwood: Yes
  • WaterSewer:Sewer: Yes
  • Style:Two Story: Yes
  • General Property Description:Lot SqFt: 6970
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:North: Yes
  • Exposure:South: Yes
  • Exposure:East: Yes
  • Roof:Barrel Tile: Yes
  • ACHeat:Multi Zone Air: Yes
  • ACHeat:Multi Zone Heat: Yes
  • Style:Mediterranean: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Gas, Oven-Single, Microwave, Washer, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood, Tile
  • Interior Amenities: Cable, Ceiling Fan, Fireplace, Smoke Detectors
  • Living Area: 3696.0
  • Window Features: Other
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Cable: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Ceiling Fan: Yes
  • Interior Features:Fireplace: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Oven-Single: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Lot Features: Up To 10,889 SF
  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Frame, Hollow Tile
  • Exterior Features: Patio/Lanai, Storm Shutters, Guesthouse/Cottage
  • Roof: Barrel
  • Exterior Features:PatioLanai: Yes
  • Construction:Frame: Yes
  • Exterior Features:Storm Shutters: Yes
  • Exterior Features:GuesthouseCottage: Yes
  • Construction:Hollow Tile: Yes

Garage/Parking

  • Parking Features: No Garage
  • Garage:No Garage: Yes

Utilities

  • Security: Security System
  • Heating: Multi Zone Air, Multi Zone Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 6970.0
  • Parcel #: 50434323050280510
  • Zoning: 50- Rb - Rb (50-Palm
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 85895.0
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2024 08/27/24 Sold $9,280,000 -11.6% $2,511 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
06/25/2024 06/25/24 For Sale $10,500,000 +150.0% $2,841 / Sq Ft
01/06/2021 01/06/21 Sold $4,200,000 0.0% $1,136 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
09/14/2020 09/14/20 For Sale $4,200,000 -- $1,136 / Sq Ft
Source: Palm Beach Board of REALTORS®

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
2024 $91,092 $5,667,605 -- --
2023 $85,895 $5,152,368 $0 $0
2022 $73,627 $4,683,971 $0 $0
2021 $50,650 $3,053,359 $2,310,000 $743,359
2020 $13,151 $770,664 $0 $0
2019 $13,119 $753,337 $0 $0
2018 $12,497 $739,290 $0 $0
2017 $12,475 $724,084 $0 $0
2016 $11,855 $709,191 $0 $0
2015 $12,249 $704,261 $0 $0
2014 $12,311 $698,672 $0 $0
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $9,280,000 None Listed On Document
Warranty Deed $3,850,000 Attorney
Warranty Deed $532,500 --
Source: Public Records

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See All Homes in Palm Beach

Source: Palm Beach Board of REALTORS®

MLS Number: 24-996

APN: 50-43-43-23-05-028-0510

Florida Palm Beach County Palm Beach 33480

123 Australian Ave, Palm Beach, FL

Homes for Sale in Palm Beach, FL

This home is located at 123 Australian Ave, Palm Beach, FL 33480 and is currently priced at $9,280,000, approximately $2,510 per square foot. This property was built in 1924. 123 Australian Ave is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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