When was property at 221 Ocean Terrace built and last sold?

The property at 221 Ocean Terrace was built in 2015 and last sold on Nov 12, 2020 for $4,875,000.

How much is this home worth?

The estimated value of the home located at 221 Ocean Terrace is $1,643,175.

What are some comparable homes to 221 Ocean Terrace?

There are currently no comparable homes to 221 Ocean Terrace.

Palm Beach

33480

Ocean Terrace

221 Ocean Terrace

$4,700,000

● House - Off Market

221 Ocean Terrace

Palm Beach, FL 33480

5 Beds

6 Baths, 1 Half Bath

4,844 Ft²

$8,597,128

RealtyHop Estimate

56.45%

Since Mar 1, 2018

National-US

Primary Model

About This Property

Lovely new home situated on a private lot with a high elevation on coveted Ocean Terrace in the North End of Palm Beach, just a few homes from the Ocean. Open floor plan with a large living room and family room with French doors leading out to the pool and summer kitchen. Custom state of the art kitchen, marble baths and an elevator that goes to the 2nd floor offering a spacious master suite and a separate office, his and her baths, and large closets. Wood floors throughout, custom lighting, 2 car garage with a large driveway, and a gorgeous pool area. All hurricane impact windows and doors. Ocean Terrace has a deeded wide beach for Ocean Terrace homeowners with a new cabana offering rest rooms, kitchen and barbeque, a plus to an already wonderful home. 24 hr notice Short drive to Worth Avenue, restaurants and cultural centers.

Unit Size

4,844 Ft²

Days on Market

198 days

Land Size

0.29 acres

Price per sqft

$1,134

Property Type

House

Property Taxes

$4,017

HOA Dues

Year Built

2015

Payment Calculator

Cap Rate Calculator

Last updated: 5 months ago (Beaches MLS #R10351353)

Price History

Date / Event	Date	Event
Nov 19, 2020	Sold	Premium
Sold
Jul 8, 2020	Listed by Douglas Elliman	$5,850,000
Listed by Douglas Elliman
Feb 2, 2018	Sold	Premium
Sold
Jul 18, 2017	Listed by Douglas Elliman	$5,495,000
Listed by Douglas Elliman

Property Highlights

Parking Available

Garage

Elevator

Air Conditioning

Building Info

Overview

General

Year Built: 2015

Effective Year Built: 2015
Building Count: 1
Bedroom Count: 5
Bathroom Count: 6
Full Bathrooms: 5
Partial Bathrooms: 6
Building Condition: 6
Building Quality: 1
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 3
Roof Shape Type: 7
Roof Cover Type: 4
Floor Count: 200
Living Units: 1
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 506
Parking Space Count: 2
Patio Type: 55
Porch Type: 89
Pool Type: 8
Location Influence Type: 255

Dimensions

Lot Size Square Feet: 12,432

Lot Size Depth Feet: 110
Lot Size Frontage Feet: 1,100
Total Building Area: 4,844
Gross Building Area: 4,844
Building Area: 4,266
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 4,266
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: OCEAN TERRACE
Land Acres: 0000000285
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: OCEAN TERRACE LT 12 & E 10 FT OF LT 13

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003507

Zoning

Zoning: R-B

Geography

Assessors Map Reference: 116

Parcel: 50-43-43-03-03-000-0120
Lot: 12,13
Meridian: SEC 03 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7612
Longitude: -80.0388

Address

Full Address: 221 Ocean Ter

Address - House Number: 221
Address - Street Name: Ocean
Address - Suffix Type: Ter
State: FL
City Name: Palm Beach
Carrier Code: C001
4-Digit Zip Code: 3126
Zip Code: 33480

Valuation

Tax

Total Area: 4,389

Tax Year: 2022
Tax Amount: $9,416,208
Tax Rate Code Area: 50411

Appraisal Valuation

Standard Deviation: 0.2776

Valuation Date: Jan 03, 2024
Confidence Score: 60
Final Value: 7,590,547
High Value: 9,698,205
Low Value: 5,482,889

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 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: $7,660,542

Market Land Value: $4,339,117
Market Improvement Value: $3,321,425

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $4,906,254

Sales

Current Sale Contract Date: Nov 12, 2020

Current Sale Recording Date: Nov 19, 2020
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 20200442426
Previous Sale Recording Date: Feb 02, 2018
Previous Sale Contract Date: Feb 01, 2018
Previous Sale Amount: $4,580,000
Previous Sale Document Type: 71

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

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

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Comparables

About Ocean Terrace

Stats & Trends

Median Asking:

$20,450,000

Sale Price/ft²

$4,739

Above Asking

0.00%

Average Days on Market

191

Average Home Size

2673 ft²

Average Home Age

70 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 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: Joan Wenzel
Douglas Elliman
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10351353

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.

221 Ocean Terrace

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Ocean Terrace

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions