NOT LISTED FOR SALE

The Plaza of the Palm Beaches 525 S Flagler Dr Unit 1501 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $2,081,000 - $2,172,238

3 Beds
2.5 Baths
2,091 Sq Ft
$2,924/mo HOA Fee

Last Sold December 20, 2024

Last sale price $2,100,000 $1,004 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $16,693/month

190 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Clubhouse
  • Ocean Front
  • Gated with Attendant
  • 2-minute walk to South Cove Natural Area

About This Home

As of December 2024

Experience unparalleled luxury in this stunning direct oceanfront residence at The Plaza in downtown West Palm Beach, located along the coveted S Flagler Drive. This exquisite corner unit boasts floor-to-ceiling glass windows, offering unobstructed views of the intracoastal waterway and ocean from all main living areas, as well as breathtaking sunset views from the bedrooms and their private balcony. Meticulously renovated with a sophisticated design, the home seamlessly integrates the water views, natural light, and vibrant sunsets into its inviting layout. Spanning over 2,091sq sqft, this 3-bedroom, 2.5-bath residence features gorgeous white oak flooring, custom gallery lighting, full impact glass, and a chef's kitchen equipped with Bosch appliances. The smart home system include...

Last Listed By

Christopher Cronican

Douglas Elliman License #3391612 Listed on: 06/12/2024

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,574

Year Built

  • Built in 1986

Lot Details

HOA Fees

  • $2,924 Monthly HOA Fees

Parking

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

Property Views

Interior Spaces

  • 2,091 Sq Ft Home
  • Custom Mirrors
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Bar
  • Sliding Windows
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Closed Circuit Camera

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Open Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434322250001501

Community Details

Overview

  • Association fees include management, common areas, insurance, maintenance structure, parking, pest control, pool(s), roof, sewer, security, trash, water
  • 221 Units
  • High-Rise Condominium
  • Plaza Of The Palm Beaches Subdivision, ''A'' Floorplan
  • 33-Story Property

Amenities

  • Doorman
  • Business Center
  • Elevator
  • Bike Room
  • Community Storage Space

Recreation

  • Community Spa
  • Trails

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,574

Year Built

Built in 1986

Lot Details

0

HOA Fees

$2,924 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Okeechobee Blvd east to Flagler Drive, left on Flagler to gate guard, #525 on the north left side.
  • Year Built: 1986
  • Architectural Style: High Rise
  • Entry Level: 15
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Breakfast Area, Closet Cabinetry, Dual Sinks, Entrance Foyer, Eat-in Kitchen, Garden Tub/Roman Tub, Living/Dining Room, Custom Mirrors, Pantry, Separate Shower, Bar, Walk-In Closet(s)
  • Furnished: Negotiable
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile
  • Living Area: 2091.0
  • Dining Room Type: Family Room, Laundry, Storage Room
  • Stories: 33
  • Window Features: Impact Glass, Sliding

Exterior Features

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

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Garage, Guest, Two or More Spaces

Utilities

  • Security: Closed Circuit Camera(s), Door Man, Gated with Guard, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2924.0
  • Community Features: Gated, Pickleball, Property Manager On-Site, Pool, Sauna, Tennis Court(s)
  • Senior Community: No
  • Amenities: Bike Storage, Business Center, Clubhouse, Fitness Center, Management, Pickleball, Pool, Sauna, Spa/Hot Tub, Storage, Tennis Court(s), Trail(s), Trash, Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

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

Lot Info

  • Parcel #: 74434322250001501
  • Lot Size: East of US-1,Public Road
  • Zoning Description: FWD-5(

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 22574.0

Multi Family

  • Number Of Units In Community: 221

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Dec 20, 2024
Sold by
Lourie Claude M and Lourie Roger
Bought by
Schoenhofer Denis and Schoenhofer Julie
Seller's Agent
Christopher Cronican
Douglas Elliman
Buyer's Agent
Lori Cronican
Douglas Elliman
List Price
$2,690,000
Sold Price
$2,100,000
Premium/Discount to List
-$590,000
-21.93%
Total Days on Market
190
Views
21
Current Estimated Value
$2,121,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,810
Avg. Annual Appreciation
3.00%

Purchase Details

Listed on
Feb 5, 2021
Closed on
Apr 30, 2021
Sold by
Russell Graham Maxwell
Bought by
Lourie Claude M
Seller's Agent
ANDERSON OHMAN, Jr.
Illustrated Properties
Buyer's Agent
Robert Jackson
Bob Jackson, Inc.
List Price
$1,550,000
Sold Price
$1,425,000
Premium/Discount to List
-$125,000
-8.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.24%
Original Mortgage
$400,000
Interest Rate
3.1%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 14, 2003
Sold by
Meyer Kenneth and Meyer Amy
Bought by
Russell Graham Maxwell

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
Schoenhofer Denis $2,100,000 First American Title Insurance
Schoenhofer Denis $2,100,000 First American Title Insurance
Lourie Claude M $1,425,000 Homepartners Title Svcs Llc
Russell Graham Maxwell $775,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lourie Claude M $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Sold $2,100,000 -8.5% $1,004 / Sq Ft
11/07/2024 11/07/24 Price Changed $2,295,000 -8.0% $1,098 / Sq Ft
09/23/2024 09/23/24 Price Changed $2,495,000 -7.2% $1,193 / Sq Ft
06/12/2024 06/12/24 For Sale $2,690,000 +88.8% $1,286 / Sq Ft
05/03/2021 05/03/21 Sold $1,425,000 -8.1% $681 / Sq Ft
04/03/2021 04/03/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $1,550,000 -- $741 / 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 $23,115 $1,111,927 -- --
2023 $22,574 $1,079,541 $0 $0
2022 $22,381 $1,048,098 $0 $0
2021 $8,685 $415,642 $0 $0
2020 $8,637 $409,903 $0 $0
2019 $8,855 $400,687 $0 $0
2018 $8,082 $393,216 $0 $0
2017 $7,983 $385,128 $0 $0
2016 $7,963 $377,207 $0 $0
2015 $8,115 $374,585 $0 $0
2014 $8,121 $371,612 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Christopher Cronican

    Douglas Elliman

    (509) 254-1608

    67 in this area

    102 Total Sales

    Christopher Cronican
    Section Image

  • L

    Seller Co-Listing Agent in 2024

    Lori Cronican

    Douglas Elliman

    (561) 459-2805

    83 in this area

    141 Total Sales

    Lori Cronican
    Section Image

  • A

    Seller's Agent in 2021

    ANDERSON OHMAN, Jr.

    Illustrated Properties

    (561) 366-1121

    4 in this area

    30 Total Sales

    ANDERSON OHMAN, Jr.
    Section Image

  • R

    Buyer's Agent in 2021

    Robert Jackson

    Bob Jackson, Inc.

See All Agents

About The Plaza of the Palm Beaches

Map

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Source: BeachesMLS

MLS Number: R10995741

BeachesMLS

APN: 74-43-43-22-25-000-1501

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

525 S Flagler Dr Unit 1501, West Palm Beach, FL

Homes for Sale in West Palm Beach, FL

This home is located at 525 S Flagler Dr Unit 1501, West Palm Beach, FL 33401 since 12 June 2024 and is currently estimated at $2,121,810, approximately $1,014 per square foot. This property was built in 1986. 525 S Flagler Dr Unit 1501 is a home located in Palm Beach County with nearby schools including U. B. Kinsey/Palmview Elementary School, Conniston Middle School, and Forest Hill Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.