When was property at 227 Ocean Terrace built and last sold?

The property at 227 Ocean Terrace was built in 2020 and last sold on Aug 28, 2018 for $3,400,000.

How much is this home worth?

The estimated value of the home located at 227 Ocean Terrace is $4,315,733.

What are some comparable homes to 227 Ocean Terrace?

There are currently no comparable homes to 227 Ocean Terrace.

Palm Beach

33480

Ocean Terrace

227 Ocean Terrace

$3,650,000

● House - Off Market

227 Ocean Terrace

Palm Beach, FL 33480

4 Beds

3 Baths, 1 Half Bath

3,071 Ft²

$6,463,201

RealtyHop Estimate

61.58%

Since Jun 1, 2017

National-US

Primary Model

About This Property

This 4bedroom, 4 bath pool home sits on a large high elevation lot on the highly desirable Ocean Terrace. Walk out your front door & take a right to the lake trail or take a left & walk to your BRAND NEW beach cabana! There are only 3 streets on the island with private beach cabanas. This one comes loaded with outdoor tv, bathroom, seating and is absolutely gorgeous.

Unit Size

3,071 Ft²

Days on Market

119 days

Land Size

0.28 acres

Price per sqft

$1,303

Property Type

House

Property Taxes

$3,330

HOA Dues

Year Built

2020

Payment Calculator

Cap Rate Calculator

Last updated: 3 months ago (Beaches MLS #R10301123)

Price History

Date / Event	Date	Event
Aug 29, 2018	Sold	Premium
Sold
Mar 9, 2018	Listed by The Corcoran Group	$3,925,000
Listed by The Corcoran Group
May 23, 2017	Sold	Premium
Sold
Jan 22, 2017	Listed by The Corcoran Group	$3,999,999
Listed by The Corcoran Group

Property Highlights

Garage

Parking Available

Air Conditioning

Building Info

Overview

General

Year Built: 2020

Effective Year Built: 2020
Building Count: 1
Bedroom Count: 4
Bathroom Count: 6
Full Bathrooms: 5
Partial Bathrooms: 6
Building Condition: 6
Building Quality: 6
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: 7
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 576
Parking Space Count: 1
Patio Type: 60
Porch Type: 126
Pool Type: 8
Location Influence Type: 255

Dimensions

Lot Size Square Feet: 12,375

Lot Size Depth Feet: 110
Lot Size Frontage Feet: 1,100
Total Building Area: 5,457
Gross Building Area: 5,457
Building Area: 4,277
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 4,277
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: OCEAN TERRACE
Land Acres: 0000000284
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: OCEAN TERRACE W 90 FT OF LT 13 & E 19.5 FT OF LT 14

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003507

Zoning

Zoning: R-B

Geography

Assessors Map Reference: 116

Parcel: 50-43-43-03-03-000-0131
Lot: 13,14
Meridian: SEC 03 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7611
Longitude: -80.0391

Address

Full Address: 227 Ocean Ter

Address - House Number: 227
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: 4,561

Tax Year: 2022
Tax Amount: $9,735,495
Tax Rate Code Area: 50411

Appraisal Valuation

Standard Deviation: 0.4969

Valuation Date: Apr 03, 2024
Final Value: 15,634
High Value: 23,402
Low Value: 7,865

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
First Open Lien Mortgage Private Lender:

Premium

Market Valuation

Market Total Value: $7,758,607

Market Land Value: $4,319,224
Market Improvement Value: $3,439,383

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $5,114,949

Sales

Current Sale Contract Date: Aug 28, 2018

Current Sale Recording Date: Aug 29, 2018
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 20180334330
Previous Sale Recording Date: May 23, 2017
Previous Sale Contract Date: May 19, 2017
Previous Sale Amount: $3,650,000
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:

$19,000,000

Sale Price/ft²

$4,368

Above Asking

0.00%

Average Days on Market

173

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 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

Unit for rent at 202 32nd Street, West Palm Beach, FL, 33407

$5,995 /mo

3 Beds
2 Baths
1,636 ft²

202 32nd Street, West Palm Beach, FL, 33407 Listing by Gillian Lieberman

Unit for rent at 216 32nd Street, West Palm Beach, FL, 33407

$6,200 /mo

3 Beds
3 Baths
1,846 ft²

216 32nd 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
The Corcoran Group
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10301123

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.

227 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