NOT LISTED FOR SALE

Estimated Value: $8,676,000 - $14,036,567

5 Beds
5 Baths
5,708 Sq Ft
$1,879/Sq Ft Est. Value

Last Sold March 07, 2024

Last sale price $13,900,000 $2,435 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $74,286/month

159 Days on Market

Highlights

  • Outdoor Pool
  • Waterfront
  • Home Gym
  • Palm Beach Public School Rated A-
  • No HOA
  • 2 Car Attached Garage

About This Home

As of March 2024

Prepare to be captivated by this thoughtfully remodeled 5-bedroom, 5.2-bathroom Mid-Century Modern residence. Nestled on a generous 17,800 +/- square foot lot in the highly sought-after North End of Palm Beach. An Art Collector's dream with an abundance of walls to showcase your prized pieces.

The heart of the home is undoubtedly its gourmet chef's kitchen. Boasting an oversized island and top-of-the-line appliances, it seamlessly integrates with options for al fresco dining.

Enter the Owner's wing, a sanctuary that encompasses a serene sitting room, a luxurious primary bathroom, and twin walk-in closets. Every aspect exudes sophistication.

But there's more to explore in this remarkable home. You'll discover a cozy library, a wet bar for entertaining, and a versatile second floor above the garage. Currently being used as a gym, it has the potential to double as a guest suite.

Experience a home that not only embraces your love for art but also offers timeless style and an exceptional living experience.

Last Listed By

Ashley McIntosh

Douglas Elliman License #476962 Listed on: 09/20/2023

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $175,072

Year Built

  • Built in 1959

Lot Details

  • 0.41 Acre Lot
  • Waterfront
  • Property is zoned R-B - Low Density Residential, R-B - Low Density

Parking

  • 2 Car Attached Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,708 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Library
  • Home Gym
  • Impact Glass

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Outdoor Pool
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Tropic Isle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434303180000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$175,072

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.41
  • Lot Size: 108
  • Subdivision Name: Tropic Isle
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Year Built: 1959
  • Location Tax Legal:Zoned: R-B - Low Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 175071.99
  • Location Tax Legal:Tax Year2: 2022
  • General Property Description:Living Area: 5708.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • General Property Description:Lot Dim (1): 108
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 17860
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Freezer, Range-Gas, Washer, Dryer
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Other Flooring
  • Interior Amenities: Wet Bar
  • Living Area: 5708.0
  • Window Features: Impact Glass-Full
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range-Gas: Yes
  • Other Rooms:Exercise Room: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco
  • Roof: Other
  • Construction:Cement BlockStucco: Yes

Garage/Parking

  • Parking Features: 2 Car, Attached
  • Garage: Yes
  • Garage:_two_ Car: Yes

Utilities

  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 17860.0
  • Parcel #: 50434303180000101
  • Zoning: R-B - Low Density
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 175071.99
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Mar 7, 2024
Sold by
272 Via Marila Trust
Bought by
Wight Melissa
Seller's Agent
Ashley McIntosh
Douglas Elliman
Buyer's Agent
Christian Angle
Christian Angle Real Estate
List Price
$19,500,000
Sold Price
$13,900,000
Premium/Discount to List
-$5,600,000
-28.72%
Total Days on Market
159
Views
176
Current Estimated Value
$10,725,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,174,478
Avg. Annual Appreciation
-16.38%

Purchase Details

Listed on
Mar 15, 2021
Closed on
May 25, 2021
Sold by
Rafferty Nicholas K and Rafferty Caroline Cummings
Bought by
Rabideau Guy and 272 Via Marila Trust
Seller's Agent
Christian Angle
Christian Angle Real Estate
Buyer's Agent
Chris Leavitt
Douglas Elliman
List Price
$13,700,000
Sold Price
$11,350,000
Premium/Discount to List
-$2,350,000
-17.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%

Purchase Details

Closed on
Mar 29, 2018
Sold by
Lebow Patricia and The Patricia L Lebow Revocable
Bought by
Rafferty Nicholas K and Rafferty Caroline Cumming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 16, 2011
Sold by
Lebow Patricia
Bought by
Lebow Patricia

Range of Values:

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Average Value
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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
Wight Melissa $13,900,000 None Listed On Document
Rabideau Guy $11,350,000 Attorney
Rafferty Nicholas K $4,261,937 Attorney
Lebow Patricia -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 272 Via Marila Trust $7,200,000
Previous Owner Rafferty Nicholas K $3,000,000
Previous Owner Lebow Patricia $500,000
Previous Owner Lebow Alan $400,000
Previous Owner Lebow Alan $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2024 03/07/24 Sold $13,900,000 -10.0% $2,435 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
01/22/2024 01/22/24 Price Changed $15,450,000 -6.1% $2,707 / Sq Ft
10/30/2023 10/30/23 Price Changed $16,450,000 -15.6% $2,882 / Sq Ft
09/20/2023 09/20/23 For Sale $19,500,000 +71.8% $3,416 / Sq Ft
05/25/2021 05/25/21 Sold $11,350,000 -17.2% $1,988 / Sq Ft
04/25/2021 04/25/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $13,700,000 -- $2,400 / Sq Ft
Source: Palm Beach Board of REALTORS®

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
2024 $174,443 $11,633,906 -- --
2023 $252,967 $16,801,512 $8,591,520 $8,209,992
2022 $175,072 $11,213,490 $0 $0
2021 $53,689 $3,260,066 $0 $0
2020 $53,791 $3,215,055 $0 $0
2019 $53,687 $3,142,771 $0 $0
2018 $19,595 $1,155,472 $0 $0
2017 $19,573 $1,131,706 $0 $0
2016 $18,543 $1,108,429 $0 $0
2015 $19,173 $1,100,724 $0 $0
2014 $19,264 $1,091,988 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Palm Beach Board of REALTORS®

MLS Number: 23-1448

APN: 50-43-43-03-18-000-0101