When was property at 218 Phipps Plaza built and last sold?

The property at 218 Phipps Plaza was built in 1948 and last sold on Mar 24, 2022 for $9,981,500.

How much is this home worth?

The estimated value of the home located at 218 Phipps Plaza is $12,657,372.

What are some comparable homes to 218 Phipps Plaza?

There are currently no comparable homes to 218 Phipps Plaza.

Palm Beach

33480

Phipps Plaza

218 Phipps Plaza

$9,981,500

● House - Off Market

218 Phipps Plaza

Palm Beach, FL 33480

3 Beds

3 Baths, 1 Half Bath

3,782 Ft²

$12,872,071

RealtyHop Estimate

2.98%

Since Apr 1, 2022

National-US

Primary Model

About This Property

Architecturally significant, renovated landmarked property in historic, extremely desirable, Phipps Plaza. The house was originally designed by Belford Schoumate-who came to south Florida in the 1930's and designed and/ or renovated more than 1500 buildings-he actually lived and had his office in Phipps Plaza. The property was redesigned by Jeff Smith Architectural Firm-all new systems to include plumbing, electrical, A/C, new roof, all impact windows and doors- updated in 2014. Full of charm and in pristine condition-Gourmet kitchen-top of the line appliances, exceptional finishes-2 master suites- Waterworks fixtures and Herpel Tile in the bathrooms-4 fireplaces, balconies and a large patio overlooking the pool and screened in cabana. Mario Navarro, a prominent Palm Beach landscape architect, designed the outdoor space. Conveniently located in the center of Palm Beach, near Worth Avenue, The Breakers and the Lake Trail-on a private, quiet cul- de- sac. A true GEM!

Unit Size

3,782 Ft²

Days on Market

125 days

Land Size

0.21 acres

Price per sqft

$3,305

Property Type

House

Property Taxes

$2,635

HOA Dues

Year Built

1948

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Last updated: 9 months ago (Beaches MLS #R10759975)

Price History

Date / Event	Date	Event
Mar 25, 2022	Sold	Premium
Sold
Nov 18, 2021	Listed by Sotheby's Intl. Realty, Inc.	$12,500,000
Listed by Sotheby's Intl. Realty, Inc.
Jan 30, 2013	Sold	Premium
Sold
Mar 7, 1994	Sold	Premium
Sold

Property Highlights

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1948

Effective Year Built: 2000
Building Count: 1
Bedroom Count: 3
Bathroom Count: 3
Full Bathrooms: 2
Partial Bathrooms: 3
Building Condition: 6
Building Quality: 1
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 20
Roof Shape Type: 7
Roof Cover Type: 18
Floor Count: 200
Living Units: 1
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 312
Parking Space Count: 1
Patio Type: 55
Porch Type: 58
Pool Type: 8

Dimensions

Lot Size Square Feet: 9,226

Lot Size Depth Feet: 1,510
Lot Size Frontage Feet: 610
Total Building Area: 4,744
Gross Building Area: 4,744
Building Area: 3,782
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 3,782
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: PLAZA PL IN
Land Acres: 0000000212
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: PLAZA PLAT LT 3 (LESS S 3 FT OF W 12.3 FT OF E 70 FT), LT 3A & 10 FT PRIV RD LYG W OF & ADJ TO

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003513

Zoning

Zoning: R-B

Geography

Assessors Map Reference: 147

Parcel: 50-43-43-22-09-000-0031
Lot: 3,3A
Meridian: SEC 22 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7067
Longitude: -80.0382

Address

Full Address: 218 Phipps Plz

Address - House Number: 218
Address - Street Name: Phipps
Address - Suffix Type: Plz
State: FL
City Name: Palm Beach
Carrier Code: C007
4-Digit Zip Code: 4241
Zip Code: 33480

Valuation

Tax

Total Area: 3,956

Tax Year: 2022
Tax Amount: $3,113,458
Tax Rate Code Area: 50411

Appraisal Valuation

Standard Deviation: 0.264

Valuation Date: Jan 03, 2024
Confidence Score: 62
Final Value: 3,533,890
High Value: 4,467,189
Low Value: 2,600,591

Open Liens

Total Open Liens:

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Market Valuation

Market Total Value: $5,197,152

Market Land Value: $2,715,978
Market Improvement Value: $2,481,174

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $2,036,925

Sales

Current Sale Contract Date: Mar 24, 2022

Current Sale Recording Date: Mar 25, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 128467
Previous Sale Recording Date: Jan 30, 2013
Previous Sale Contract Date: Jan 28, 2013
Previous Sale Amount: $1,275,000
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

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

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Comparables

About Phipps Plaza

Stats & Trends

Median Asking:

$19,750,000

Sale Price/ft²

$3,607

Below Asking

0.07%

Average Days on Market

182

Average Home Size

1181 ft²

Average Home Age

95.8 years

Currently For Sale

4 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 184 Sunset Avenue, Palm Beach, FL, 33480

$5,950 /mo

1 Bed
1 Bath
600 ft²

184 Sunset Avenue #303, Palm Beach, FL, 33480 Listing by Nicholas Sliva

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

$6,950 /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: Christine E. Gibbons
Sotheby's Intl. Realty, Inc.
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# R10759975

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.

218 Phipps Plaza

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Phipps Plaza

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions