When was property at 240 North Ocean Boulevard built and last sold?

The property at 240 North Ocean Boulevard was built in 1992 and last sold on Apr 28, 2003 for $5,400,000.

How much is this home worth?

The estimated value of the home located at 240 North Ocean Boulevard is $0.

What are some comparable homes to 240 North Ocean Boulevard?

There are currently no comparable homes to 240 North Ocean Boulevard.

Palm Beach

33480

Proximity Park

240 N Ocean Boulevard

Sold on Apr 14, 2025

Map

$26,670,750

● House - Off Market

240 N Ocean Boulevard

Palm Beach, FL 33480

6 Beds

6 Baths, 2 Half Baths

5,410 Ft²

$177,163

Est. Monthly

0.06%

Cap Rate

About This Property

There are only 23 ocean front single family homes ''in town'' on the Island of Palm Beach. There is only ONE available for purchase. Welcome home! 240 North Ocean Blvd is a spectacular oceanfront estate available on the island of Palm Beach in an A+ center of town location. This rare find is one of a few properties with a deeded private beach parcel directly on the sand. Spanning 100 feet, the private beach parcel offers exclusive access to the pristine sands and Atlantic Ocean sapphire blue water. The home's elegant floor plan is designed around the stunning views, with communal areas overlooking the pool and ocean. Two primary suites face the ocean, while two guest suites share a sun deck to the West. Additional features include formal and informal dining and living rooms, exercise room, sauna, library, fireplace, and two first floor guest bedrooms. Don't miss this opportunity to own a piece of Palm Beach oceanfront paradise.

Unit Size

5,410 Ft²

Days on Market

159 days

Land Size

0.45 acres

Price per sqft

$6,377

Property Type

House

Property Taxes

$7,762

HOA Dues

Year Built

1992

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (Beaches MLS #R11034592)

Price History

Date / Event	Date	Event
Apr 14, 2025	Sold	Premium
Sold
Mar 27, 2025	In contract	-
In contract
Nov 6, 2024	Listed by Compass Florida LLC	$34,500,000
Listed by Compass Florida LLC
Jan 30, 2024	No longer available	-
No longer available
Nov 3, 2023	Listed by Compass Florida, LLC	$39,000,000
Listed by Compass Florida, LLC

	One of 3 oceanfront estates available on the island of Palm Beach in an A+ center of town location. This rare find is one of a few properties with a deeded private beach parcel. Spanning 100 feet, the private beach offers exclusive access to the pristine sands and Atlantic Ocean sapphire blue water. The home's elegant floor plan is designed around the stunning views, with communal areas overlooking the pool and ocean. Two primary suites face the ocean, while two guest suites share a sun deck to the West. Additional features include formal and informal dining and living rooms, exercise room, sauna, library, fireplace, and two first floor guest bedrooms. Don't miss this opportunity to own a piece of Palm Beach oceanfront paradise. The manager has listed the unit size as 5410 square feet.
May 6, 2003	Sold	Premium
Sold
Sep 6, 2000	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1992

Effective Year Built: 2002
Building Count: 1
Bedroom Count: 5
Bathroom Count: 6
Full Bathrooms: 6
Partial Bathrooms: 6
Building Condition: 6
Building Quality: 1
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 14
Roof Shape Type: 9
Roof Cover Type: 18
Floor Count: 200
Living Units: 1
Floor Cover: 13
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 460
Parking Space Count: 2
Patio Type: 59
Porch Type: 89
Pool Type: 8

Dimensions

Lot Size Square Feet: 19,576

Lot Size Depth Feet: 1,140
Lot Size Frontage Feet: 1,720
Total Building Area: 7,630
Gross Building Area: 7,630
Building Area: 5,410
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 5,410
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: PROXIMITY PARK
Land Acres: 0000000449
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: PROXIMITY PARK LTS 19, 20 & 41

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003507

Zoning

Zoning: RB

Geography

Assessors Map Reference: 132

Parcel: 50-43-43-14-09-000-0190
Lot: 19
Meridian: SEC 14 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7236
Longitude: -80.035

Address

Full Address: 240 N Ocean Blvd

Address - House Number: 240
Street Direction: N
Address - Street Name: Ocean
Address - Suffix Type: Blvd
State: FL
City Name: Palm Beach
Carrier Code: C002
4-Digit Zip Code: 3756
Zip Code: 33480

Valuation

Tax

Total Area: 5,672

Tax Year: 2022
Tax Amount: $9,338,183
Tax Rate Code Area: 50411

Appraisal Valuation

Standard Deviation: 0.2622

Valuation Date: Feb 07, 2024
Confidence Score: 62
Final Value: 4,127,012
High Value: 5,209,269
Low Value: 3,044,755

Open Liens

Total Open Liens:

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Total Open Liens Amount:

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First Open Lien Mortgage Lender:

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First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Financing Type:

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First Open Lien Mortgage Loan Amount:

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First Open Lien Mortgage Term:

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First Open Lien Mortgage Position:

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First Open Lien Mortgage Loan Due Date:

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Market Valuation

Market Total Value: $16,855,486

Market Land Value: $10,029,635
Market Improvement Value: $6,825,851

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $6,010,242

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Apr 28, 2003

Current Sale Recording Date: May 06, 2003
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 20030259953
Previous Sale Recording Date: Sep 06, 2000
Previous Sale Amount: $4,700,000
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

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First Mortgage Transaction Date:

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First Mortgage Loan Amount:

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First Mortgage Terms:

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First Mortgage Loan Due Date:

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Financing

First Mortgage Financing Type: ADJ

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

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Comparables

About Proximity Park

Stats & Trends

Median Asking:

Sale Price/ft²

Above Asking

0.00%

Average Days on Market

Average Home Size

0 ft²

Average Home Age

2026 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

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Unit for rent at 550 Okeechobee Boulevard, West Palm Beach, FL, 33401

$9,500 /mo

2 Beds
2 Baths
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550 Okeechobee Boulevard #1407, West Palm Beach, FL, 33401 Listing by Ryan Christopher Apple

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Listed by: Elizabeth DeWoody
Compass Florida LLC
Last Updated: 2 months ago
Data Source: Beaches MLS, MLS# R11034592

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.