NOT LISTED FOR SALE

The Cove South Building 2784 S Ocean Blvd Unit 101s Palm Beach, FL 33480

Estimated Value: $2,428,268 - $3,029,000

3 Beds
2.5 Baths
2,189 Sq Ft
$2,607/mo HOA Fee

Last Sold September 17, 2024

Last sale price $2,857,500 $1,305 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $18,511/month

59 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Clubhouse
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Vaulted Ceiling

About This Home

As of September 2024

STUNNING NEW RENOVATION WITH DIRECT WATER VIEWS!! This unique direct waterfront corner residence is perfect for those searching for ULTIMATE PRIVACY. Situated on the south end of the property away from the pool area, it lives like a tranquil home floating above the intracoastal with the only private spiral staircase offering seamless access directly down to the manicured grass lawn right in front of the seawall. Boasting spectacular views of the water, yachts passing by and breathtaking sunsets from almost every room, this residence has it all! NO EXPENSE WAS SPARED and everything was replaced during this recent meticulous gut-renovation. Beautiful high-end porcelain floors, impressive open kitchen with Bosch appliances, Liebherr refrigerator, all new electrical, plumbing, water heater...

Last Listed By

Samantha Curry

Douglas Elliman License #3031158 Listed on: 06/24/2024

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,590

Year Built

  • Built in 1975

Lot Details

HOA Fees

  • $2,607 Monthly HOA Fees

Interior Spaces

  • 2,189 Sq Ft Home
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Vaulted Ceiling
  • Entrance Foyer
  • Great Room
  • Open Floorplan
  • Closed Circuit Camera
  • Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Stacked Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Parking

  • Over 1 Space Per Unit
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Open Patio
  • Wrap Around Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434423050021010

Community Details

Overview

  • Association fees include management, common areas, cable TV, HVAC, insurance, ground maintenance, maintenance structure, parking, pest control, pool(s), roof, sewer, security, trash, water
  • 80 Units
  • High-Rise Condominium
  • Cove Condo Subdivision
  • 5-Story Property

Amenities

  • Doorman
  • Clubhouse
  • Elevator
  • Bike Room

Recreation

Security

  • Resident Manager or Management On Site
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,590

Year Built

Built in 1975

Lot Details

0

HOA Fees

$2,607 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: 3 Buildings North on A1A of Lake Worth Bridge. Across from the Four Seasons Hotel.
  • Year Built: 1975
  • Architectural Style: High Rise
  • Entry Level: 1
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Breakfast Area, Closet Cabinetry, Dual Sinks, Entrance Foyer, Eat-in Kitchen, High Ceilings, Kitchen/Dining Combo, Living/Dining Room, Separate Shower, Stacked Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Furnished: Negotiable
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Other
  • Living Area: 2189.0
  • Dining Room Type: Great Room
  • Stories: 5
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Balcony
  • View: Intercoastal
  • Pool Features: None, Association, Community
  • Waterfront Features: Intracoastal Access
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Wrap Around
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Guest, Two or More Spaces

Utilities

  • Security: Closed Circuit Camera(s), Door Man
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2607.0
  • Community Features: Non-Gated, Property Manager On-Site, Pool, Street Lights, Sidewalks
  • Senior Community: No
  • Amenities: Bike Storage, Clubhouse, Fitness Center, Management, Pool, Trash, Elevator(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, HVAC, Insurance, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pool(s), Roof, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 50434423050021010
  • Lot Size: East of US-1
  • Zoning Description: R-D(2)

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 11590.0

Multi Family

  • Number Of Units In Community: 80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Sep 17, 2024
Sold by
Burckhardt Dean Francis and Burckhardt Alison Marcy
Bought by
Morgan Reese A
Seller's Agent
Samantha Curry
Douglas Elliman
Buyer's Agent
ELIZABETH (LISA) SABOL-DONO
Compass Florida LLC (PB)
List Price
$2,990,000
Sold Price
$2,857,500
Premium/Discount to List
-$132,500
-4.43%
Total Days on Market
59
Views
55
Current Estimated Value
$2,677,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$180,077
Avg. Annual Appreciation
-26.98%
Original Mortgage
$2,272,000
Outstanding Balance
$2,259,436
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$99,331

Purchase Details

Listed on
Feb 28, 2020
Closed on
Jul 2, 2020
Sold by
Camche Glenn and Camche Jamie Ann
Bought by
Burckhardt Dean Francis and Burckhardt Alison Marcy
Seller's Agent
Cara McClure
Douglas Elliman
Buyer's Agent
Guy Buzzelli
Coldwell Banker Realty /Delray Beach
List Price
$949,000
Sold Price
$875,000
Premium/Discount to List
-$74,000
-7.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.46%
Original Mortgage
$700,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2018
Sold by
Camche Glenn
Bought by
Camche Glenn

Purchase Details

Closed on
Jul 28, 2010
Sold by
Lonner Baron S and Lonner Jess H
Bought by
Camche Glenn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2000
Sold by
Hyman Joan S and Hyman Stephen J
Bought by
Lonner Baron S

Purchase Details

Closed on
Apr 19, 1995
Sold by
Miller Shirley and Klein Gloria
Bought by
Hyman Joan Swire

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
Morgan Reese A $2,925,000 None Listed On Document
Morgan Reese A $2,925,000 None Listed On Document
Burckhardt Dean Francis $875,000 Attorney
Camche Glenn -- Attorney
Camche Glenn $15,000 Attorney
Camche Glenn $525,000 Attorney
Lonner Baron S $372,500 --
Hyman Joan Swire $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Reese A $2,272,000
Closed Morgan Reese A $2,272,000
Previous Owner Burckhardt Dean Francis $700,000
Previous Owner Camche Glenn $250,000
Previous Owner Lonner Joseph $180,827
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2024 09/17/24 Sold $2,857,500 -4.4% $1,305 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $2,990,000 +241.7% $1,366 / Sq Ft
07/02/2020 07/02/20 Sold $875,000 -7.8% $423 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $949,000 0.0% $459 / Sq Ft
10/15/2014 10/15/14 Rented $8,000 0.0% --
10/15/2014 10/15/14 For Rent $8,000 -- --
Source: BeachesMLS

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 $11,865 $808,618 -- --
2023 $11,590 $785,066 $0 $0
2022 $11,589 $762,200 $0 $0
2021 $11,785 $740,000 $0 $740,000
2020 $12,040 $705,000 $0 $705,000
2019 $12,280 $705,000 $0 $705,000
2018 $10,848 $640,000 $0 $640,000
2017 $11,071 $640,000 $0 $0
2016 $11,105 $640,000 $0 $0
2015 $10,970 $583,000 $0 $0
2014 $9,717 $530,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: BeachesMLS

MLS Number: R10998894

BeachesMLS

APN: 50-43-44-23-05-002-1010