by Global Lifestyle Properties

See Home Value
Palm Beach 33480
242 Wells Road
$21,000,000
● House - Off Market

242 Wells Road

Palm Beach, FL 33480
bedrooms
4 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
5,988 Ft²
$129,515
Est. Monthly
-0.18%
Cap Rate

About This Property

This extraordinary estate at 242 Wells Road combines classic French Provincial architecture with timeless elegance, offering an unparalleled lifestyle on one of Palm Beach's most prestigious streets. This magnificent 7,460 total sq. ft. French Provincial masterpiece is nestled on a sprawling 19,500 sq. ft. lot in the heart of Palm Beach. This stately manor, with its steep-pitched slate roof, symmetrical facade, and stone surrounds, exudes Old World charm and impeccable craftsmanship. The home's architectural grandeur is enhanced by graceful balustrades and meticulously sculptured landscaping, creating a serene and sophisticated retreat. Step inside to find luxurious interiors adorned with gleaming hardwood and marble floors showcasing exceptional attention to detail. A grand staircase, a stunning centerpiece of the foyer, welcomes you with its sweeping elegance, complemented by a private elevator. The residence offers 4 spacious bedrooms, 6 beautifully appointed bathrooms, and one half bath, fully furnished for effortless move-in elegance. The crown jewel is the expansive primary suite, featuring an expansive balcony overlooking the breathtaking pool and lush, professionally curated gardens. This serene retreat includes his-and-hers walk-in closets, separate opulent bathrooms with high-end finishes, and an elegant sitting room, perfect for quiet relaxation or intimate gatherings. A generously appointed guest suite also boasts its own balcony, offering stunning views of the tranquil outdoor oasis. Entertain with unparalleled style in the formal dining room, ideal for grand gatherings, seamlessly connected to a large butler's pantry and wet bar equipped for effortless hosting. The eat-in kitchen, a chef's dream, blends modern functionality with classic design, featuring top-tier appliances and ample space for casual dining. A stately fireplace anchors the formal living room, while a refined library provides an ideal space for work or leisure. Step outside to the large wraparound loggia or the luxurious balconies off the primary and guest suites, all offering captivating views of the expansive pool and gardens.  The estate is complete with a 3-car garage with ample storage.
Unit Size
5,988 Ft²
Days on Market
266 days
Land Size
0.45 acres
Price per sqft
$3,925
Property Type
House
Property Taxes
$14,126
HOA Dues
-
Year Built
2006

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Last updated: 4 months ago (Beaches MLS #R11129330)

Price History

Date / Event Date Event Price
Jun 26, 2026 Sold
Sold
Apr 27, 2026 In contract -
In contract
Mar 6, 2026 Price Decreased $23,500,000
↓ $3M (11.3%)
Price Decreased
Oct 2, 2025 Listed by William Raveis Real Estate $26,500,000
Listed by William Raveis Real Estate
Jun 25, 2004 Sold
Sold

Property Highlights

Elevator
Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 4
  • 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: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 759
  • Parking Space Count: 3
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 19,502
  • Lot Size Depth Feet: 190
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 7,460
  • Gross Building Area: 7,460
  • Building Area: 5,988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 5,988
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ADAMS ADD
  • Land Acres: 0000000448
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: ADAMS ADD LT 24

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 003507

Zoning

  • Zoning: R-B

Geography

  • Assessors Map Reference: 132
  • Parcel: 50-43-43-14-07-000-0240
  • Lot: 24
  • Meridian: SEC 14 TWN 43S RNG 43E
  • Municipality: PALM BEACH
  • Latitude: 26.7253
  • Longitude: -80.0397

    Address

  • Full Address: 242 Wells Rd
  • Address - House Number: 242
  • Address - Street Name: Wells
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Palm Beach
  • Carrier Code: C002
  • 4-Digit Zip Code: 3625
  • Zip Code: 33480

Valuation

    Tax

  • Total Area: 6,256
  • Tax Year: 2022
  • Tax Amount: $13,469,697
  • Tax Rate Code Area: 50411

    Market Valuation

  • Market Total Value: $10,699,620
  • Market Land Value: $7,575,000
  • Market Improvement Value: $3,124,620

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,214,954

    Sales

  • Current Sale Contract Date: Jun 22, 2004
  • Current Sale Recording Date: Jun 25, 2004
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20040370577
  • Previous Sale Recording Date: Mar 25, 2004
  • Previous Sale Contract Date: Mar 18, 2004
  • Previous Sale Document Type: 54
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palm Beach


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Frequently Asked Questions

When was property at 242 Wells Road built and last sold?
The property at 242 Wells Road was built in 2006 and last sold on Jun 22, 2004 for $3,575,000.
How much is this home worth?
The estimated value of the home located at 242 Wells Road is $0.
What are some comparable homes to 242 Wells Road?
There are currently no comparable homes to 242 Wells Road.