by Global Lifestyle Properties

See Home Value
$7,455,000
● House - Off Market

250 Ocean Terrace

Palm Beach, FL 33480
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5,004 Ft²
$12,908,317
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Brand new one-level Island Contemporary beach house in the northend. Beautiful natural stones, warm woods and sea-infused terrazzo flooring create the perfect ambiance for a seaside retreat. Natural light fills the formal living & dining rooms through 2 magnificent skylights where dramatic recessed lighting highlights the 400-bottle glass & stainless wine fridge and wood trimmed walls. Reglet moldings, smart house lighting, classic brass fixtures, plantation shutters & sunshades in the bedrooms are just a few of the many high quality treatments in this home. Nanawall collapsible glass doors across the kitchen & family room graciously expand living & entertaining areas. A detached office off the pool can serve as a guest bedroom. 2-Car garage, generator & deeded beach access w/cabana. 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. If your property is currently listed, please do not consider this a solicitation. In the event a Buyer defaults, no commission will be paid to either Broker on the Deposits retained by the Seller. "No Commissions Paid until Title Passes." Copyright 2018 Listing Company. All Rights​​‌​​​​‌​​‌‌​​‌​​​‌‌​‌‌​​​‌‌​​‌​​‌​​​​‌‌ Reserved.
Unit Size
5,004 Ft²
Days on Market
63 days
Land Size
0.32 acres
Price per sqft
$1,749
Property Type
House
Property Taxes
$3,124
HOA Dues
-
Year Built
2018

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Last updated: 5 months ago (Beaches MLS #R10510190)

Price History

Date / Event Date Event Price
May 7, 2019 Sold
Sold
Mar 5, 2019 Listed by Premier Estate Properties, Inc $8,750,000
Listed by Premier Estate Properties, Inc

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • 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: 7
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 17
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 510
  • Parking Space Count: 1
  • Patio Type: 55
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 255

    Dimensions

  • Lot Size Square Feet: 14,057
  • Lot Size Depth Feet: 110
  • Lot Size Frontage Feet: 1,240
  • Total Building Area: 5,198
  • Gross Building Area: 5,198
  • Building Area: 4,463
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,463
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OCEAN TERRACE
  • Land Acres: 0000000323
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: OCEAN TERRACE LT 17

Neighborhood

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

Zoning

  • Zoning: R-B

Geography

  • Assessors Map Reference: 116
  • Parcel: 50-43-43-03-03-000-0170
  • Lot: 17
  • Meridian: SEC 03 TWN 43S RNG 43E
  • Municipality: PALM BEACH
  • Latitude: 26.7608
  • Longitude: -80.04

    Address

  • Full Address: 250 Ocean Ter
  • Address - House Number: 250
  • 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: 4,727
  • Tax Year: 2022
  • Tax Amount: $11,923,860
  • Tax Rate Code Area: 50411

    Market Valuation

  • Market Total Value: $8,818,381
  • Market Land Value: $4,642,200
  • Market Improvement Value: $4,176,181

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $6,859,056

    Sales

  • Current Sale Contract Date: May 02, 2019
  • Current Sale Recording Date: May 07, 2019
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20190164068
  • Previous Sale Recording Date: Dec 17, 2015
  • Previous Sale Contract Date: Dec 17, 2015
  • 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 Ocean Terrace


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Frequently Asked Questions

When was property at 250 Ocean Terrace built and last sold?
The property at 250 Ocean Terrace was built in 2018 and last sold on May 2, 2019 for $7,455,000.
How much is this home worth?
The estimated value of the home located at 250 Ocean Terrace is $0.
What are some comparable homes to 250 Ocean Terrace?
There are currently no comparable homes to 250 Ocean Terrace.