When was property at 242 Cherry Lane built and last sold?

The property at 242 Cherry Lane was built in 1955 and last sold on May 6, 2016 for $2,350,000.

How much is this home worth?

The estimated value of the home located at 242 Cherry Lane is $0.

What are some comparable homes to 242 Cherry Lane?

There are currently no comparable homes to 242 Cherry Lane.

Palm Beach

33480

Cherry Lane

242 Cherry Lane

$2,350,000

● House - Off Market

242 Cherry Lane

Palm Beach, FL 33480

3 Beds

2 Baths

1,850 Ft²

$4,261,017

RealtyHop Estimate

70.78%

Since Jun 1, 2016

National-US

Primary Model

About This Property

Completely remodeled home located on a quiet street. Brand New kitchen, windows, bathrooms, A/C, Electric, Plumbing and Pool. Beach access just steps away! Perfect home for those looking for low maintenance. Home has great 8.5 Foot elevation as well. Will also entertain a trade.

Open floor-plan, marble bathroom flooring and in kitchen. Clean, new and beautiful!

Unit Size

1,850 Ft²

Days on Market

91 days

Land Size

0.23 acres

Price per sqft

$1,349

Property Type

House

Property Taxes

$1,912

HOA Dues

Year Built

1955

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Last updated: 3 months ago (Beaches MLS #R10208169)

Price History

Date / Event	Date	Event
May 9, 2016	Sold	Premium
Sold
Feb 15, 2016	Listed by K2 Realty, Inc. (NPB)	$2,495,000
Listed by K2 Realty, Inc. (NPB)
Apr 14, 2015	Sold	Premium
Sold
Jan 7, 2015	Listed by K2 Realty, Inc. (NPB)	$1,099,900
Listed by K2 Realty, Inc. (NPB)

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1955

Effective Year Built: 2010
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: 3
Roof Shape Type: 7
Roof Cover Type: 4
Floor Count: 100
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 420
Parking Space Count: 2
Patio Type: 5
Porch Type: 126
Pool Type: 8

Dimensions

Lot Size Square Feet: 10,001

Lot Size Depth Feet: 80
Lot Size Frontage Feet: 1,250
Total Building Area: 3,440
Gross Building Area: 3,440
Building Area: 2,965
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 2,965
Heating Fuel Type: 2

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: CHERRY LANE
Land Acres: 0000000230
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: CHERRY LANE LT 5

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003507

Zoning

Zoning: R-B

Geography

Assessors Map Reference: 123

Parcel: 50-43-43-10-09-000-0050
Lot: 5
Meridian: SEC 10 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7384
Longitude: -80.0384

Address

Full Address: 242 Cherry Ln

Address - House Number: 242
Address - Street Name: Cherry
Address - Suffix Type: Ln
State: FL
City Name: Palm Beach
Carrier Code: C003
4-Digit Zip Code: 3401
Zip Code: 33480

Valuation

Tax

Total Area: 3,170

Tax Year: 2022
Tax Amount: $5,334,099
Tax Rate Code Area: 50411

Appraisal Valuation

Standard Deviation: 0.2761

Valuation Date: Jan 03, 2024
Confidence Score: 60
Final Value: 4,119,699
High Value: 5,257,435
Low Value: 2,981,963

Open Liens

Total Open Liens:

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Market Valuation

Market Total Value: $4,579,888

Market Land Value: $3,850,000
Market Improvement Value: $729,888

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $2,595,861

Sales

Current Sale Contract Date: May 06, 2016

Current Sale Recording Date: May 09, 2016
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 20160161332
Previous Sale Recording Date: Apr 14, 2015
Previous Sale Contract Date: Apr 09, 2015
Previous Sale Amount: $1,249,000
Previous Sale Document Type: 68

Last Sale Mortgage

First Mortgage Lender:

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Previous Mortgages

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

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Comparables

About Cherry Lane

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

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 184 Sunset Avenue, Palm Beach, FL, 33480

$5,950 /mo

1 Bed
1 Bath
600 ft²

184 Sunset Avenue #303, Palm Beach, FL, 33480 Listing by Nicholas Sliva

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Gary B Pohrer
K2 Realty, Inc. (NPB)
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10208169

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.

242 Cherry Lane

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Cherry Lane

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions