When was property at 1171 North Ocean Way built and last sold?

The property at 1171 North Ocean Way was built in 1936 and last sold on May 16, 2023 for $6,550,000.

How much is this home worth?

The estimated value of the home located at 1171 North Ocean Way is $7,003,370.

What are some comparable homes to 1171 North Ocean Way?

There are currently no comparable homes to 1171 North Ocean Way.

Palm Beach

33480

El Encanto

1171 N Ocean Way

Sold on Apr 20, 2022

Map

$7,075,000

● House - Off Market

1171 N Ocean Way

Palm Beach, FL 33480

3 Beds

2 Baths

1,375 Ft²

$7,045,246

RealtyHop Estimate

1.37%

Since May 1, 2022

National-US

Primary Model

About This Property

Located just one lot away from the ocean in Palm Beach, this 1,463 sq. ft. 3-bedroom, 2-bathroom single family home is a quintessential north-end beach cottage on a prime street. With direct beach and lake trail access, you can hear the ocean from the house and enjoy the South Florida beach lifestyle just steps away from the property. This home has been owned by the same family for approximately 70 years and offers a quaint space for new homeowners to enjoy, renovate, or build new on the 85' x 115' site.

Unit Size

1,375 Ft²

Days on Market

89 days

Land Size

Price per sqft

$5,055

Property Type

House

Property Taxes

$1,665

HOA Dues

Year Built

1936

Payment Calculator

Cap Rate Calculator

Last updated: 6 months ago (Beaches MLS #R10771477)

Price History

Date / Event	Date	Event
May 26, 2023	Sold	Premium
Sold
Apr 26, 2022	Sold	Premium
Sold
Jan 21, 2022	Listed by Compass Florida LLC	$6,950,000
Listed by Compass Florida LLC

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1936

Effective Year Built: 1960
Building Count: 1
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 10
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 6
Roof Shape Type: 7
Roof Cover Type: 15
Floor Count: 100
Living Units: 1
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 9,727

Lot Size Depth Feet: 110
Lot Size Frontage Feet: 850
Total Building Area: 1,463
Gross Building Area: 1,463
Building Area: 1,375
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 1,375
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: EL ENCANTO REPL IN
Land Acres: 0000000223
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: REPLAT OF EL ENCANTO LT 5

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003507

Zoning

Zoning: R-B

Geography

Assessors Map Reference: 116

Parcel: 50-43-43-03-10-000-0050
Lot: 5
Meridian: SEC 03 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7551
Longitude: -80.0374

Address

Full Address: 1171 N Ocean Way

Address - House Number: 1171
Street Direction: N
Address - Street Name: Ocean
Address - Suffix Type: Way
State: FL
City Name: Palm Beach
Carrier Code: C001
4-Digit Zip Code: 3233
Zip Code: 33480

Valuation

Tax

Total Area: 1,414

Tax Year: 2022
Tax Amount: $1,964,095
Tax Rate Code Area: 50411

Appraisal Valuation

Standard Deviation: 0.1901

Valuation Date: Jan 03, 2024
Confidence Score: 74
Final Value: 6,599,870
High Value: 7,854,977
Low Value: 5,344,763

Market Valuation

Market Total Value: $3,422,754

Market Land Value: $3,394,374
Market Improvement Value: $28,380

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $1,216,175

Sales

Current Sale Contract Date: May 16, 2023

Current Sale Recording Date: May 26, 2023
Current Sale Price:

Premium
Current Sale Document Type: 68
Current Sale Input Document Number: 178371
Previous Sale Recording Date: Apr 26, 2022
Previous Sale Contract Date: Apr 20, 2022
Previous Sale Amount: $6,650,000
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 El Encanto

Stats & Trends

Median Asking:

$8,950,000

Sale Price/ft²

$3,499

Below Asking

0.01%

Average Days on Market

137

Average Home Size

3408 ft²

Average Home Age

87 years

Currently For Sale

1 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 520 28th Street, West Palm Beach, FL, 33407

$9,000 /mo

3 Beds
1 Bath
1,296 ft²

520 28th Street, West Palm Beach, FL, 33407 Listing by Seth Koretzky

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

$7,750 /mo

3 Beds
2 Baths
1,835 ft²

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

Unit for rent at 515 52nd Street, West Palm Beach, FL, 33407

$5,000 /mo

2 Beds
2 Baths
1,090 ft²

515 52nd Street, West Palm Beach, FL, 33407 Listing by Jose Orlando Ramirez

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Stephen Hall
Compass Florida LLC
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R10771477

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.