by Global Lifestyle Properties

See Home Value
$6,100,000
● House - Off Market

245 COLONIAL Lane

Palm Beach, FL 33480
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,829 Ft²
$32,707
Est. Monthly

About This Property

A North End 3 bedroom, 2.5 bathroom bungalow on an 7400+ square foot lot with an oversized tropical pool and two-car garage. Well-maintained interiors with a generator, offering endless opportunity for the property. DISCLAIMER: The written and verbal information provided including but not limited to prices, measurements, square footages, lot sizes, calculations and statistics have been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All information including that produced by the Sellers or Listing Company are subject to errors, omissions or changes without notice and should be independently verified by any prospect for the purchase of a Property. The Sellers and Listing Company expressly disclaim any warranty or representation regarding all information. Prospective purchasers' use of this or any written and verbal information is acknowledgement of this disclaimer and that Prospects shall perform their own due diligence. Prospective purchasers shall not rely on any written or verbal information provided when entering a contract for sale and purchase. Some affiliations may not be applicable to certain geographic areas. Copyright 2023 Listing Company. All Rights Reserved.
Unit Size
1,829 Ft²
Days on Market
51 days
Land Size
0.17 acres
Price per sqft
$3,499
Property Type
House
Property Taxes
$1,281
HOA Dues
-
Year Built
1964

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Last updated: 2 months ago (Beaches MLS #B26062259)

Price History

Date / Event Date Event Price
Sep 30, 2026 Sold
Sold
Aug 25, 2026 In contract -
In contract
Aug 10, 2026 Listed by Douglas Elliman $6,400,000
Listed by Douglas Elliman
Oct 25, 2000 Sold
Sold
Jul 2, 1998 Sold
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 14
  • Porch Type: 7
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,440
  • Lot Size Depth Feet: 90
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,500
  • Gross Building Area: 2,500
  • Building Area: 1,829
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,829
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EL ENCANTO PL 2
  • Land Acres: 0000000171
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: EL ENCANTO PLAT 2 W 40 FT OF LT 30 & E 40 FT OF LT 31 & 10 FT STRIP ADJ ON SOUTH

Neighborhood

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

Zoning

  • Zoning: R-B

Geography

  • Assessors Map Reference: 116
  • Parcel: 50-43-43-03-11-000-0301
  • Lot: 30
  • Meridian: SEC 03 TWN 43S RNG 43E
  • Municipality: PALM BEACH
  • Latitude: 26.7535
  • Longitude: -80.0386

    Address

  • Full Address: 245 Colonial Ln
  • Address - House Number: 245
  • Address - Street Name: Colonial
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Palm Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 3212
  • Zip Code: 33480

Valuation

    Tax

  • Total Area: 2,096
  • Tax Year: 2023
  • Tax Amount: $1,461,589
  • Tax Rate Code Area: 50411

    Appraisal Valuation

  • Standard Deviation: 0.2064
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 3,139,594
  • High Value: 3,787,640
  • Low Value: 2,491,549

    Market Valuation

  • Market Total Value: $3,262,377
  • Market Land Value: $3,241,980
  • Market Improvement Value: $20,397

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,000,299

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Oct 25, 2000
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 02, 1998
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: 71
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 El Encanto


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Frequently Asked Questions

When was property at 245 Colonial Lane built and last sold?
The property at 245 Colonial Lane was built in 1964 and last sold on Jan 1, 1970 for $715,000.
How much is this home worth?
The estimated value of the home located at 245 Colonial Lane is $6,464,000.
What are some comparable homes to 245 Colonial Lane?
There are currently no comparable homes to 245 Colonial Lane.