When was property at 111 Reef Road built and last sold?

The property at 111 Reef Road was built in 1956 and last sold on Dec 29, 2023 for $7,250,000.

How much is this home worth?

The estimated value of the home located at 111 Reef Road is $8,664,406.

What are some comparable homes to 111 Reef Road?

There are currently no comparable homes to 111 Reef Road.

Palm Beach

33480

Esplanade Estates

111 Reef Road

Sold on Mar 31, 2023

Map

$7,250,000

● House - Off Market

111 Reef Road

Palm Beach, FL 33480

4 Beds

3 Baths, 1 Half Bath

2,853 Ft²

$8,346,912

RealtyHop Estimate

3.05%

Since Apr 1, 2023

National-US

Primary Model

About This Property

This 4 bed 3 bath, two car garage move-in ready beach home with room for a pool is not in a flood zone and is sited on a 10,000 ft lot, one in from the ocean with a 9-foot elevation. Thus, you may enjoy the house as is, renovate or build new with no expense to raise the property height as it already is above FEMA minimum. Compare this with lower elevation lots that require +/- $175/foot to raise. This special property is entitled to join a private gated oceanfront cabana with private beach access one block away. There are only three oceanfront cabanas like this on the island. This one has the widest beach. The cabana is shared by three streets and has a nice structure, furniture, a fire pit, and running water. Residents can reserve the cabana for parties or enjoy their private oceanfront paradise! Under-house sewer pipes were replaced four years ago, recent HVAC and renovated master bath. Looking for a good value on the Island of Palm Beach? You just found it.

Unit Size

2,853 Ft²

Days on Market

308 days

Land Size

0.23 acres

Price per sqft

$2,839

Property Type

House

Property Taxes

$3,188

HOA Dues

Year Built

1956

Payment Calculator

Cap Rate Calculator

Last updated: 5 months ago (Beaches MLS #R10803741)

Price History

Date / Event	Date	Event
Jan 5, 2024	Sold	Premium
Sold
Oct 26, 2023	Listed by Compass Florida LLC	$8,495,000
Listed by Compass Florida LLC
Apr 3, 2023	Sold	Premium
Sold
May 27, 2022	Listed by Compass Florida LLC	$8,100,000
Listed by Compass Florida LLC
Jul 21, 2017	Sold	Premium
Sold
Apr 27, 2017	Listed by Compass Florida LLC	$2,950,000
Listed by Compass Florida LLC
Aug 17, 2004	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1956

Effective Year Built: 1961
Building Count: 1
Bedroom Count: 4
Bathroom Count: 4
Full Bathrooms: 3
Partial Bathrooms: 4
Building Condition: 6
Building Quality: 7
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 7
Roof Cover Type: 5
Floor Count: 200
Living Units: 1
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 668
Parking Space Count: 2
Patio Type: 5
Porch Type: 126
Pool Type: 0

Dimensions

Lot Size Square Feet: 10,001

Lot Size Depth Feet: 100
Lot Size Frontage Feet: 950
Total Building Area: 4,169
Gross Building Area: 4,169
Building Area: 2,853
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 2,853
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: NORTH SHORE ADD
Land Acres: 0000000230
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: NORTH SHORE ADD REPL LT 6-C

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003507

Zoning

Zoning: R-B

Geography

Assessors Map Reference: 105

Parcel: 50-43-42-34-09-000-0063
Lot: 6-C
Meridian: SEC 34 TWN 42S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7637
Longitude: -80.038

Address

Full Address: 111 Reef Rd

Address - House Number: 111
Address - Street Name: Reef
Address - Suffix Type: Rd
State: FL
City Name: Palm Beach
Carrier Code: C001
4-Digit Zip Code: 3058
Zip Code: 33480

Valuation

Tax

Total Area: 3,261

Tax Year: 2022
Tax Amount: $4,785,021
Tax Rate Code Area: 50411

Appraisal Valuation

Standard Deviation: 0.1841

Valuation Date: Jan 17, 2024
Confidence Score: 75
Final Value: 7,121,762
High Value: 8,432,991
Low Value: 5,810,534

Market Valuation

Market Total Value: $3,768,927

Market Land Value: $3,490,000
Market Improvement Value: $278,927

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $2,522,593

Sales

Current Sale Contract Date: Dec 29, 2023

Current Sale Recording Date: Jan 05, 2024
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 4693
Previous Sale Recording Date: Apr 03, 2023
Previous Sale Contract Date: Mar 31, 2023
Previous Sale Amount: $6,818,700
Previous Sale Document Type: 71

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Esplanade Estates

Stats & Trends

Median Asking:

$10,975,000

Sale Price/ft²

$3,526

Below Asking

0.09%

Average Days on Market

126

Average Home Size

5410 ft²

Average Home Age

45.5 years

Currently For Sale

2 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 406 35th Street, West Palm Beach, FL, 33407

$8,000 /mo

3 Beds
2 Baths
1,835 ft²

406 35th Street, West Palm Beach, FL, 33407 Listing by Alexander Furman

Unit for rent at 419 30th Street, West Palm Beach, FL, 33407

$7,700 /mo

3 Beds
2 Baths
2,104 ft²

419 30th Street, West Palm Beach, FL, 33407 Listing by Alexander Furman

Unit for rent at 411 26th Street, West Palm Beach, FL, 33407

$6,900 /mo

3 Beds
3 Baths
1,847 ft²

411 26th Street, West Palm Beach, FL, 33407 Listing by David Custons

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Elizabeth DeWoody
Compass Florida LLC
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10803741

All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.