When was property at 248 Colonial Lane built and last sold?

The property at 248 Colonial Lane was built in 1950 and last sold on Sep 10, 2019 for $1,910,000.

How much is this home worth?

The estimated value of the home located at 248 Colonial Lane is $2,286,842.

What are some comparable homes to 248 Colonial Lane?

There are currently no comparable homes to 248 Colonial Lane.

Palm Beach

33480

El Encanto

248 Colonial Lane

$1,910,000

● House - Off Market

248 Colonial Lane

Palm Beach, FL 33480

3 Beds

2 Baths

2,233 Ft²

$3,363,625

RealtyHop Estimate

46.56%

Since Oct 1, 2019

National-US

Primary Model

About This Property

Sophisticated Northend Beach Cottage...

Tucked away on a quiet one-way street is this Colonial Style beach cottage that has been stylishly renovated and decorated by a prominent Interior Designer from Charleston. There are 3 bedrooms and 2 baths plus a small guest cottage with bath poolside. There is also a plunge pool and a covered dining porch for poolside entertaining.

This owner is a member of a beach parcel at the end of Queens Lane.

The family room draperies and chandelier do not convey.

Unit Size

2,233 Ft²

Days on Market

309 days

Land Size

0.20 acres

Price per sqft

$1,028

Property Type

House

Property Taxes

$2,121

HOA Dues

Year Built

1950

Payment Calculator

Cap Rate Calculator

Last updated: 3 months ago (Beaches MLS #R10478382)

Price History

Date / Event	Date	Event
Sep 11, 2019	Sold	Premium
Sold
Nov 5, 2018	Listed by Sotheby's Intl. Realty, Inc.	$2,295,000
Listed by Sotheby's Intl. Realty, Inc.
Aug 2, 2002	Sold	Premium
Sold

Property Highlights

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1950

Effective Year Built: 1977
Building Count: 1
Bedroom Count: 4
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 7
Construction Type: 17
Building Style: 0
Exterior Walls Type: 18
Interior Walls Type: 3
Roof Shape Type: 7
Roof Cover Type: 15
Floor Count: 100
Living Units: 1
Floor Cover: 13
Basement Type: 0
Basement Area: 0
Garage Type: 3
Garage Square Area: 286
Parking Space Count: 1
Patio Type: 14
Porch Type: 7
Pool Type: 8

Dimensions

Lot Size Square Feet: 8,464

Lot Size Depth Feet: 730
Lot Size Frontage Feet: 1,050
Total Building Area: 2,523
Gross Building Area: 2,523
Building Area: 2,209
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 2,209
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: 0000000194
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: EL ENCANTO PL NO 2 LT 46 (LESS S 10 FT~ N 10 FT OF S 20 FT OF W 30 FT & N 62.06 FT OF W 5 FT)~ 10 FT STRIP LYG N OF & ADJ TO~ N 72.06 FT OF W 10 FT OF LT 47 &

Neighborhood

School District Name: Palm Beach County School District

Census Tract: 003507

Zoning

Zoning: R-B

Geography

Assessors Map Reference: 116

Parcel: 50-43-43-03-11-000-0462
Lot: 46
Meridian: SEC 03 TWN 43S RNG 43E
Municipality: PALM BEACH
Latitude: 26.7532
Longitude: -80.0387

Address

Full Address: 248 Colonial Ln

Address - House Number: 248
Address - Street Name: Colonial
Address - Suffix Type: Ln
State: FL
City Name: Palm Beach
Carrier Code: C003
4-Digit Zip Code: 3213
Zip Code: 33480

Valuation

Tax

Total Area: 2,254

Tax Year: 2023
Tax Amount: $4,666,651
Tax Rate Code Area: 50411

Appraisal Valuation

Standard Deviation: 0.0861

Valuation Date: Apr 03, 2024
Confidence Score: 93
Final Value: 20,544
High Value: 22,314
Low Value: 18,775

Market Valuation

Market Total Value: $4,050,928

Market Land Value: $3,688,624
Market Improvement Value: $362,304

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $2,295,732

Sales

Current Sale Contract Date: Sep 10, 2019

Current Sale Recording Date: Sep 11, 2019
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 20190334442
Previous Sale Recording Date: Aug 02, 2002
Previous Sale Contract Date: Aug 02, 2002
Previous Sale Amount: $817,500
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Financing Type:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Due Date:

Premium

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

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Comparables

About El Encanto

Stats & Trends

Median Asking:

$8,950,000

Sale Price/ft²

$3,499

Below Asking

0.01%

Average Days on Market

137

Average Home Size

3408 ft²

Average Home Age

87 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: Gary C. Little
Sotheby's Intl. Realty, Inc.
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10478382

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.

248 Colonial Lane

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About El Encanto

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions