When was property at 240 Ocean Terrace built and last sold?

The property at 240 Ocean Terrace was built in 1947 and last sold on Nov 15, 2017 for $2,875,000.

How much is this home worth?

The estimated value of the home located at 240 Ocean Terrace is $3,490,373.

What are some comparable homes to 240 Ocean Terrace?

There are currently no comparable homes to 240 Ocean Terrace.

Palm Beach

33480

Ocean Terrace

240 Ocean Terrace

$2,875,000

● House - Off Market

240 Ocean Terrace

Palm Beach, FL 33480

3 Beds

2 Baths, 1 Half Bath

2,569 Ft²

$5,551,928

RealtyHop Estimate

58.63%

Since Dec 1, 2017

National-US

Primary Model

About This Property

One of three streets in the North End with private beach cabana available at the end of your street. This one just happens to be the only street with a brand new beach cabana! Enjoy your private cabana with the other homeowners on Ocean terrace on an absolutely beautiful wide open expansive beach front. Ocean Terrace also offers direct access to the intracoastal lake trail. This home comes with many options: use as an investment, land bank or move in now and enjoy. Tons of options on this high elevation 100ft x 118ft lot on the highly sought after Ocean Terrace street in the North End. Call the listing agent to discuss this amazing opportunity!

Unit Size

2,569 Ft²

Days on Market

163 days

Land Size

0.27 acres

Price per sqft

$1,362

Property Type

House

Property Taxes

$2,873

HOA Dues

Year Built

1947

Payment Calculator

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Last updated: 3 months ago (Beaches MLS #R10339961)

Price History

Date / Event	Date	Event
Nov 15, 2017	Sold	Premium
Sold
Jun 5, 2017	Listed by The Corcoran Group	$3,500,000
Listed by The Corcoran Group
Jul 1, 2016	Sold	Premium
Sold
Mar 14, 2012	Sold	Premium
Sold
Dec 23, 2011	Listed by Earl A. Hollis, Inc.	$1,600,000
Listed by Earl A. Hollis, Inc.

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1947

Effective Year Built: 1985
Building Count: 1
Bedroom Count: 4
Bathroom Count: 3
Full Bathrooms: 3
Partial Bathrooms: 3
Building Condition: 6
Building Quality: 7
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 6
Roof Shape Type: 7
Roof Cover Type: 18
Floor Count: 100
Living Units: 1
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 322
Parking Space Count: 1
Patio Type: 5
Porch Type: 126
Pool Type: 8
Location Influence Type: 255

Dimensions

Lot Size Square Feet: 11,674

Lot Size Depth Feet: 110
Lot Size Frontage Feet: 1,000
Total Building Area: 3,023
Gross Building Area: 3,023
Building Area: 2,569
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 4
Heated Square Feet: 2,569
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: OCEAN TERRACE
Land Acres: 0000000268
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: OCEAN TERRACE LT 18

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003507

Zoning

Zoning: R-B

Geography

Assessors Map Reference: 116

Parcel: 50-43-43-03-03-000-0180
Lot: 18
Meridian: SEC 03 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7608
Longitude: -80.0397

Address

Full Address: 240 Ocean Ter

Address - House Number: 240
Address - Street Name: Ocean
Address - Suffix Type: Ter
State: FL
City Name: Palm Beach
Carrier Code: C001
4-Digit Zip Code: 3127
Zip Code: 33480

Valuation

Tax

Total Area: 2,752

Tax Year: 2022
Tax Amount: $5,650,281
Tax Rate Code Area: 50411

Appraisal Valuation

Standard Deviation: 0.2147

Valuation Date: Jan 03, 2024
Confidence Score: 70
Final Value: 6,295,111
High Value: 7,646,738
Low Value: 4,943,485

Market Valuation

Market Total Value: $4,438,920

Market Land Value: $4,074,575
Market Improvement Value: $364,345

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $2,974,700

Sales

Current Sale Contract Date: Nov 15, 2017

Current Sale Recording Date: Nov 15, 2017
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 20170403856
Previous Sale Recording Date: Jul 01, 2016
Previous Sale Contract Date: Jul 01, 2016
Previous Sale Amount: $2,600,000
Previous Sale Document Type: 27

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 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 406 35th Street, West Palm Beach, FL, 33407

$7,750 /mo

3 Beds
2 Baths
1,835 ft²

406 35th Street, West Palm Beach, FL, 33407 Listing by Alexander Furman

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: Elizabeth DeWoody
The Corcoran Group
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10339961

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.

240 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