$19,500,000
SOLD DEC 17, 2024

323 Chilean Ave Palm Beach, FL 33480

4 Beds
5 Baths
5,200 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$3,750 Per Sq Ft

15% Below List Price

77 Days on Market

Highlights

  • Guest House
  • Cabana
  • Garage Apartment
  • Palm Beach Public School Rated A-
  • New Construction
  • Waterfront

About This Home

As of December 2024

Welcome to 323 Chilean Avenue, a true masterpiece nestled in the serene heart of Palm Beach. This iconic property has been meticulously reimagined using cutting-edge construction techniques, showcasing the perfect blend of luxury and sophistication. Spanning an expansive 5,200 square feet, the main residence and guest house boast four bedrooms, 4.5 bathrooms, a functional office, and a cozy family room. The guest house features a bedroom/office, full bathroom, a unique cabana bath, an elegant outdoor shower and two car garage. This stunning property seamlessly integrates innovative technology, offering every essential amenity, including a whole-house generator and electric vehicle charging station. To complete the ultimate living experience, the property is presented fully furnished, ready for you to move in and enjoy.

Last Agent to Sell the Property

Richard True

The Corcoran Group License #3221820

The Corcoran Group

Last Buyer's Agent

John Cregan

Sotheby's International Realty, Inc. License #3439962

Sotheby's International Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $77,797

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 9,583 Sq Ft Lot
  • Waterfront
  • South Facing Home
  • Property is zoned SF14

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,200 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Dining Area
  • Library
  • Storage
  • Utility Room
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Parking

  • Detached Garage
  • Garage Apartment

Pool

  • Cabana
  • Outdoor Pool

Outdoor Features

  • Patio
  • Lanai

Additional Features

  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Royal Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50434323050060420

Home Details

Home Type

Single Family

Est. Annual Taxes

$77,797

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.22
  • Lot Size: 76
  • Subdivision Name: Royal Park
  • Directions: Cocoanut Row heading north, turn right on Chilean Avenue, property on left.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Year Built: 2024
  • Location Tax Legal:Zoned: SF14
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 77797.39
  • Location Tax Legal:Tax Year2: 2024
  • General Property Description:Living Area: 5200.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: No
  • Pool:Pool3: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Security System: Yes
  • General Property Description:Lot Dim (1): 76
  • Floors:Hardwood: Yes
  • Style:Two Story: Yes
  • Windows:Impact Glass - Full: Yes
  • General Property Description:Lot SqFt: 9583
  • WaterSewer:City Water: Yes
  • HOA:None: Yes
  • Exposure:South: Yes
  • Windows:Impact Glass: Yes
  • Roof:Barrel Tile: Yes
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Freezer, Ice Maker, Range-Gas, Oven-Double, Microwave, Washer, Dryer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood, Other Flooring
  • Interior Amenities: Fireplace, Smoke Detectors, Storage, Wndw Trmnts Included, Pantry
  • Living Area: 5200.0
  • Window Features: Impact Glass, Impact Glass-Full
  • Interior Features:Storage: Yes
  • Interior Features:Wndw Trmnts Included: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Pantry: Yes
  • Other Rooms:Utility Room: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Smoke Detectors: Yes
  • Interior Features:Fireplace: Yes
  • Appliances:Oven-Double: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Waterfront Features: No - Waterfront
  • Waterfront: Yes
  • Construction Type: Cement Block/Stucco, New Construction
  • Exterior Features: Patio/Lanai, Cabana, Guesthouse/Cottage, Impact Doors, Impact Windows
  • Roof: Barrel
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction:Cement BlockStucco: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Cabana: Yes
  • Exterior Features:GuesthouseCottage: Yes
  • Construction:New Construction: Yes

Garage/Parking

  • Parking Features: 2 Car, Detached
  • Garage Detached: Yes
  • Other Rooms:Garage Apartment: Yes

Utilities

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

Lot Info

  • Land Lease Amount Frequency: No
  • Lot Size Sq Ft: 9583.0
  • Parcel #: 50434323050060420
  • Zoning: SF14
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 77797.39
  • Tax Year: 2024

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
12/17/2024 12/17/24 Sold $19,500,000 -15.2% $3,750 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
09/10/2024 09/10/24 For Sale $22,995,000 +784.4% $4,422 / Sq Ft
01/11/2021 01/11/21 Sold $2,600,000 0.0% $673 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
04/12/2019 04/12/19 For Sale $2,600,000 +11.8% $673 / Sq Ft
06/08/2015 06/08/15 Sold $2,325,000 0.0% $842 / Sq Ft
06/08/2015 06/08/15 Sold $2,325,000 0.0% $842 / Sq Ft
05/09/2015 05/09/15 Pending -- -- --
02/10/2015 02/10/15 Pending -- -- --
12/10/2014 12/10/14 For Sale $2,325,000 -10.5% $842 / Sq Ft
01/02/2014 01/02/14 For Sale $2,599,000 -- $942 / 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 $100,400 $7,140,834 -- --
2023 $77,797 $3,744,541 $0 $0
2022 $53,612 $3,404,128 $0 $0
2021 $40,697 $2,497,738 $2,475,000 $22,738
2020 $37,798 $2,289,351 $2,100,000 $189,351
2019 $34,555 $1,996,996 $1,900,000 $96,996
2018 $36,348 $2,182,305 $1,957,332 $224,973
2017 $33,732 $1,970,770 $1,779,393 $191,377
2016 $33,228 $1,921,975 $0 $0
2015 $7,750 $462,613 $0 $0
2014 $7,785 $458,941 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $7,500,000 New Conventional
Previous Owner $2,500,000 New Conventional
Previous Owner $750,000 Adjustable Rate Mortgage/ARM
Previous Owner $343,750 No Value Available
Closed $2,500,000 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $19,500,000 None Listed On Document
Warranty Deed $5,044,609 None Listed On Document
Warranty Deed $7,960,818 Patch Reef Title
Warranty Deed $2,600,000 Attorney
Quit Claim Deed -- Mortgage Information Svcs In
Warranty Deed $2,325,000 First American Title Ins Co
Warranty Deed $443,800 --
Source: Public Records

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Source: Palm Beach Board of REALTORS®

MLS Number: 24-1287

APN: 50-43-43-23-05-006-0420