NOT LISTED FOR SALE

Estimated Value: $1,077,445 - $5,440,000

4.62 Acres
$693,423 Price per Acre
201,247 Sq Ft Lot

Last Sold March 07, 2024

Last sale price $6,500,000 $2,141 Per Sq Ft

Current estimated payment $18,868/month

138 Days on Market

About This Lot

As of March 2024

Under Contract but Accepting back-up offers. New Semi-Custom Home Development property opportunity, Holiday Organization is planning to develop Colony Estates, The adjacent 4.9 Acres is included in this sale, total acres 9.6 Acres, and all development rights and plans. The plan is for 38 single-family semi-custom homes ranging from 3,300 square feet to 3,800 square feet with amenities including a pool, cabanas, and a fitness center. See attached materials and site plan.

Last Listed By

Fred DeFalco

EXP Realty LLC License #3003661 Listed on: 09/29/2023

EXP Realty LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,063

Year Built

  • 1975

Lot Details

  • 4.62 Acre Lot
  • Property fronts a county road
  • Property is zoned AR

Community Details

  • To Be Built Semi Custom Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00424601000007060

Property Details

Property Type

Land

Est. Annual Taxes

$9,063

Year Built

1975

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Year Built: 1975

Exterior Features

  • Road Frontage Type: County Road
  • Waterfront: No
  • Disclosures: Agricultural Exemption

Lot Info

  • Parcel #: 00424601000007060
  • Development Status: Raw Land
  • Lot Size: 5 to 10 Acres
  • Lot Size Sq Ft: 201247.0
  • Zoning Description: AR
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9063.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Mar 5, 2024
Sold by
Colony Estates At Boynton Beach Llc
Bought by
Coastal Bay Development Llc
Seller's Agent
Fred DeFalco
EXP Realty LLC
Buyer's Agent
Fred DeFalco
EXP Realty LLC
List Price
$6,500,000
Sold Price
$6,500,000
Total Days on Market
138
Views
58
Current Estimated Value
$3,203,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,296,389
Avg. Annual Appreciation
-45.95%
Original Mortgage
$2,600,000
Outstanding Balance
$2,569,200
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$634,411

Purchase Details

Closed on
Jan 3, 2024
Sold by
Palm Beach County Florida
Bought by
Colony Estates At Boynton Beach Llc

Purchase Details

Closed on
Nov 15, 2023
Sold by
Lake Worth Drainage District
Bought by
Colony Estates At Boynton Beach Llc

Purchase Details

Closed on
Jul 18, 2023
Sold by
Willis Family Trust and Willis Lynn Ann
Bought by
Colony Estates At Boynton Beach Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2015
Sold by
Koeser Linda and Willis Brent
Bought by
The Willis Family Trust

Range of Values:

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Average Value
Not Available
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
Coastal Bay Development Llc $6,500,000 None Listed On Document
Colony Estates At Boynton Beach Llc $189,200 None Listed On Document
Colony Estates At Boynton Beach Llc -- None Listed On Document
Colony Estates At Boynton Beach Llc $5,310,000 None Listed On Document
The Willis Family Trust -- Attorney
The Willis Family Trust -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coastal Bay Development Llc $2,600,000
Previous Owner Colony Estates At Boynton Beach Llc $2,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2024 03/07/24 Sold $6,500,000 0.0% $2,141 / Sq Ft
02/15/2024 02/15/24 Pending -- -- --
09/29/2023 09/29/23 For Sale $6,500,000 -- $2,141 / Sq Ft
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 $12,265 $714,035 -- --
2023 $29,273 $1,691,987 $1,524,600 $293,183
2022 $9,063 $453,709 $0 $0
2021 $7,814 $412,512 $225,448 $187,064
2020 $7,737 $404,673 $201,448 $203,225
2019 $7,736 $417,083 $0 $0
2018 $6,712 $352,698 $116,448 $236,250
2017 $6,830 $355,393 $0 $0
2016 $7,048 $358,522 $0 $0
2015 $4,386 $244,467 $0 $0
2014 $4,396 $242,562 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10923357

BeachesMLS

APN: 00-42-46-01-00-000-7060