1540 S Ocean Blvd Palm Beach, FL 33480
Ocean Vista NeighborhoodEstimated payment $494,354/month
Highlights
- Ocean Front
- Guest House
- Home Theater
- Palm Beach Public School Rated A-
- Wine Room
- Cabana
About This Home
Spectacular New Construction Oceanfront estate prominently positioned on Billionaires Row with sweeping ocean views. This stunning Oceanfront compound is comprised of main house, guest house, and rare tunnel to a beach cabana. Beautiful Bermuda exterior paired with pristine transitional interiors. Highlights include 8BR/12.3BA, 16,500+/- total square feet, garages for 6 cars, generator, and fantastic outdoor living spaces. Fantastic high elevation with a full basement level with wine cellar, game room, yoga studio, and full bar. Stunning Primary Suite with morning bar, dual baths and closets, and oceanfront balcony with beautiful sunrise views. No detail has been overlooked with beautiful custom finishes and the finest craftsmanship throughout. Entry foyer leads to formal sitting room and grand stair hall. Formal dining room opens to oceanfront family room. Gourmet eat-in kitchen with top-of-the-line appliances and two islands. Game room with wet bar and fireplace. The upper floor features stunning primary suite with beautiful French doors that open to expansive oceanfront balcony that boasts breathtaking Sunrise views. Morning bar and built-in shelving. Dual walk-in closets and luxurious bathrooms with balconies. Additional upper-level guest bedrooms with beautiful en-suite bathrooms.
Basement level features great room with bar, wine cellar, and yoga studio.
Fully equipped guest house with beautiful great room that opens to covered loggia, two guest suites on the main floor, and exercise room in the lower level. VIP guest suite on the upper floor with sitting room, walk-in closet, large bath with dual sinks, and oversized terrace.
Sprawling outdoor spaces with covered loggias, covered and open balconies, and courtyard with pool and spa that serves as a peaceful and private oasis. Additional highlights include summer kitchen, two garages with space for 6 cars, and generator. Meticulous landscaping by Environmental Design Group. Convenient access to the beach and oceanfront cabana through rare private tunnel.
Located in one of the most desirable areas of Palm Beach just minutes from Worth Avenue's renowned shopping and dining, the ever growing Downtown West Palm Beach, top-tier schools, and the Palm Beach International Airport. The home beautifully embraces the Palm Beach Island lifestyle.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $156,091
Year Built
- Built in 2024 | New Construction
Lot Details
- 0.98 Acre Lot
- Ocean Front
- East Facing Home
- Corner Lot
- Irregular Lot
- Property is zoned R-A - Estate Residential
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 14,969 Sq Ft Home
- 3-Story Property
- Elevator
- Wet Bar
- Fireplace
- Wine Room
- Dining Room
- Home Theater
- Library
- Storage
- Utility Room
- Home Gym
Kitchen
- Eat-In Kitchen
- Double Oven
- Gas Range
- Microwave
- Freezer
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 8 Bedrooms
- 15 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- High Impact Windows
- High Impact Door
Parking
- Attached Garage
- Garage Door Opener
Pool
- Cabana
- Pool and Spa
- Outdoor Pool
Outdoor Features
- Property has ocean access
- Balcony
- Patio
- Lanai
- Attached Grill
Additional Features
- Guest House
- Forced Air Zoned Heating and Cooling System
Community Details
- No Home Owners Association
- Ocean View Subdivision
Listing and Financial Details
- Assessor Parcel Number 50434402020000080
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2022 | $156,091 | $10,029,635 | $0 | $0 |
| 2021 | $124,704 | $8,882,916 | $8,680,000 | $202,916 |
| 2020 | $101,470 | $6,096,400 | $6,090,000 | $6,400 |
| 2019 | $118,939 | $7,006,613 | $7,000,000 | $6,613 |
| 2018 | $46,024 | $2,807,289 | $0 | $0 |
| 2017 | $46,040 | $2,749,548 | $0 | $0 |
| 2016 | $45,807 | $2,692,995 | $0 | $0 |
| 2015 | $47,372 | $2,674,275 | $0 | $0 |
| 2014 | $47,600 | $2,653,051 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/17/2024 10/17/24 | For Sale | $88,000,000 | +738.1% | $5,879 / Sq Ft |
| 02/12/2021 02/12/21 | Sold | $10,500,000 | 0.0% | $2,921 / Sq Ft |
| 02/12/2021 02/12/21 | For Sale | $10,500,000 | -- | $2,921 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $10,500,000 | Attorney | |
| Deed | $10,500,000 | None Listed On Document | |
| Deed | $10,500,000 | None Listed On Document | |
| Quit Claim Deed | -- | Attorney | |
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | Attorney | |
| Special Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $9,000,000 | New Conventional |
Source: Palm Beach Board of REALTORS®
MLS Number: 24-1488
APN: 50-43-44-02-02-000-0080
