When was property at 228 Phipps Plaza built and last sold?

The property at 228 Phipps Plaza was built in 1941 and last sold on Aug 23, 2007 for $950,000.

How much is this home worth?

The estimated value of the home located at 228 Phipps Plaza is $5,302,500.

What are some comparable homes to 228 Phipps Plaza?

There are currently no comparable homes to 228 Phipps Plaza.

Palm Beach

33480

Phipps Plaza

228 Phipps

Sold on Jun 25, 2026

Map

$4,900,000

● House - Off Market

228 Phipps

Palm Beach, FL 33480

2 Beds

2 Baths

1,318 Ft²

$29,438

Est. Monthly

-0.29%

Cap Rate

About This Property

Walk back through time as you approach architect Howard Major's personal cottage nestled in historic Phipps Plaza, one block from the Ocean in midtown Palm Beach. Built in 1941 by the renowned architect and landmarked, the classic Florida-style cottage sits in a secluded setting in the Phipps Plaza cul-de-sac, surrounded by lush greenery. Included in the purchase is an adjoining landscaped lot which has the potential for a pool or water feature.

Unit Size

1,318 Ft²

Days on Market

496 days

Land Size

0.18 acres

Price per sqft

$3,983

Property Type

House

Property Taxes

$3,659

HOA Dues

Year Built

1941

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (Beaches MLS #R11062550)

Price History

Date / Event	Date	Event
Jun 25, 2026	Sold	Premium
Sold
May 29, 2026	In contract	-
In contract
May 5, 2026	Price Decreased	$5,250,000 ↓ $245K (4.5%)
Price Decreased
Jan 28, 2026	Price Decreased	$5,495,000 ↓ $500K (8.3%)
Price Decreased
Nov 6, 2025	Price Decreased	$5,995,000 ↓ $500K (7.7%)
Price Decreased
Mar 26, 2025	Price Decreased	$6,495,000 ↓ $255K (3.8%)
Price Decreased
Feb 12, 2025	Listed by Brown Harris Stevens of PB	$6,750,000
Listed by Brown Harris Stevens of PB
Aug 23, 2007	Sold	Premium
Sold

Property Highlights

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1941

Effective Year Built: 1958
Building Count: 1
Bedroom Count: 0
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: 4
Floor Count: 100
Living Units: 1
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 92
Porch Type: 59
Pool Type: 0

Dimensions

Lot Size Square Feet: 6,948

Total Building Area: 1,579
Gross Building Area: 1,579
Building Area: 1,318
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 1,318
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: PLAZA PL IN
Land Acres: 0000000160
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: PLAZA PL IN E 65 FT OF LT 5 & LT 5-A

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003513

Zoning

Zoning: R-C

Geography

Assessors Map Reference: 147

Parcel: 50-43-43-22-09-000-0051
Lot: 5,5-A
Meridian: SEC 22 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7063
Longitude: -80.0379

Address

Full Address: 228 Phipps Plz

Address - House Number: 228
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: 1,399

Tax Year: 2022
Tax Amount: $2,718,945
Tax Rate Code Area: 50411

Appraisal Valuation

Standard Deviation: 0.1901

Valuation Date: Jan 03, 2024
Confidence Score: 74
Final Value: 3,332,108
High Value: 3,965,780
Low Value: 2,698,436

Market Valuation

Market Total Value: $2,093,755

Market Land Value: $2,086,422
Market Improvement Value: $7,333

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $1,419,938

Sales

Current Sale Contract Date: Aug 23, 2007

Current Sale Recording Date: Aug 23, 2007
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 20070404491
Previous Sale Recording Date: Oct 19, 2006
Previous Sale Contract Date: Oct 16, 2006
Previous Sale Document Type: 68

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: FIX

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

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2 Beds
1 Bath
750 ft²

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Unit for rent at 2919 Poinsettia Avenue, West Palm Beach, FL, 33407

$2,295 /mo

2 Beds
1 Bath
2,266 ft²

2919 Poinsettia Avenue, West Palm Beach, FL, 33407 Listing by Gregory Paul Bevilacqua PA

Unit for rent at 1320 Wellington Street, West Palm Beach, FL, 33401

$2,000 /mo

2 Beds
1 Bath
900 ft²

1320 Wellington Street #B, West Palm Beach, FL, 33401 Listing by Michael William Luciano

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Patrice Sewell McInerney
Brown Harris Stevens of PB
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R11062550

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.