When was property at 1198 North Ocean Way built and last sold?

The property at 1198 North Ocean Way was built in 1951 and last sold on Jun 30, 2022 for $11,825,000.

How much is this home worth?

The estimated value of the home located at 1198 North Ocean Way is $0.

What are some comparable homes to 1198 North Ocean Way?

There are currently no comparable homes to 1198 North Ocean Way.

Palm Beach

33480

Mockingbird Trail

1198 N Ocean Way

Sold on Jun 30, 2022

Map

$11,825,000

● House - Off Market

1198 N Ocean Way

Palm Beach, FL 33480

3 Beds

3 Baths, 1 Half Bath

2,471 Ft²

$12,037,944

RealtyHop Estimate

1.16%

Since Jul 1, 2022

National-US

Primary Model

About This Property

Rare opportunity to come to market! Located on a pristine corner lot, 1198 N Ocean Blvd is a Bermuda Style home with 3 bedrooms and a den / 3 bathrooms only three properties from the ocean on the North End of the Island. Perfect for entertaining in every way including a gorgeous pool area with outdoor dining space and spacious living room with a fireplace. This property has privileges at the best oceanfront cabana on the entire island that has access only from its streets residents.

Unit Size

2,471 Ft²

Days on Market

135 days

Land Size

Price per sqft

$4,816

Property Type

House

Property Taxes

$1,792

HOA Dues

Year Built

1951

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (Beaches MLS #R10770539)

Price History

Date / Event	Date	Event
Jul 5, 2022	Sold	Premium
Sold
Jan 13, 2022	Listed by Douglas Elliman	$11,900,000
Listed by Douglas Elliman

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1951

Effective Year Built: 1980
Building Count: 1
Bedroom Count: 4
Bathroom Count: 3
Full Bathrooms: 3
Partial Bathrooms: 3
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: 4
Floor Count: 100
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 726
Parking Space Count: 3
Patio Type: 55
Porch Type: 125
Pool Type: 8

Dimensions

Lot Size Square Feet: 12,807

Lot Size Depth Feet: 40
Lot Size Frontage Feet: 1,620
Total Building Area: 2,892
Gross Building Area: 2,892
Building Area: 1,691
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 1,691
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: MOCKING BIRD TRAIL
Land Acres: 0000000294
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: MOCKING BIRD TRAIL TRACT LT 17 (LESS W 2.25 FT) & UND INT IN PT OF LTS 19A, 20A & UNMBRD TR AS IN DB863P260 K/A PRIV BCH

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003507

Zoning

Zoning: R-B

Geography

Assessors Map Reference: 116

Subdivision Tract Number: LT
Parcel: 50-43-43-03-09-000-0171
Lot: 17
Meridian: SEC 03 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7571
Longitude: -80.0379

Address

Full Address: 1198 N Ocean Way

Address - House Number: 1198
Street Direction: N
Address - Street Name: Ocean
Address - Suffix Type: Way
State: FL
City Name: Palm Beach
Carrier Code: C001
4-Digit Zip Code: 3139
Zip Code: 33480

Valuation

Tax

Total Area: 2,171

Tax Year: 2022
Tax Amount: $2,111,333
Tax Rate Code Area: 50411

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Financing Type:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $4,481,358

Market Land Value: $4,471,900
Market Improvement Value: $9,458

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $1,346,285

Sales

Current Sale Contract Date: Jun 30, 2022

Current Sale Recording Date: Jul 05, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 283631

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Financing

First Mortgage Financing Type: ADJ

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

Request mortgage information redaction

Comparables

About Mockingbird Trail

Stats & Trends

Median Asking:

$16,000,000

Sale Price/ft²

$3,951

Above Asking

0.00%

Average Days on Market

109

Average Home Size

4050 ft²

Average Home Age

76 years

Currently For Sale

0 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 439 45th Street, West Palm Beach, FL, 33407

$6,500 /mo

2 Beds
2 Baths
1,220 ft²

439 45th Street, West Palm Beach, FL, 33407 Listing by Lissa R McCoy

Unit for rent at 426 30th Street, West Palm Beach, FL, 33407

$6,000 /mo

3 Beds
2 Baths
1,568 ft²

426 30th Street, West Palm Beach, FL, 33407 Listing by Christian Rockwell

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: Gary B Pohrer
Douglas Elliman
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R10770539

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.