by Global Lifestyle Properties

See Home Value
Palm Beach 33480
516 S Ocean Boulevard
$24,244,175
● House - Off Market

516 S Ocean Boulevard

Palm Beach, FL 33480
bedrooms
5 Beds
bathrooms
7 Baths, 2 Half Baths
square feet
8,423 Ft²
$38,556,842
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Modern Seaside Mediterranean with deeded beach parcel. Ensconced on a ½+ acre lot directly across from the beach, this casually elegant estate enjoys sweeping ocean views and every amenity for relaxed living. gracious entertaining comes naturally in the ocean-side living room with gas fireplace, media room with full bar, formal dining room for 10, all served by a gourmet chef's marble island kitchen with top-tier appliances and butler's pantry. Beachside living is enhanced with dual ocean- and pool-view covered loggias, an oversized heated pool with built-in spa, cabana w/bath and covered patio for poolside dining. Amenities include: elevator, 3-car garage, full house generator, 2 laundry rooms, east & west loggias. 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 2019 Listing Company. All Rights Reserved.
Unit Size
8,423 Ft²
Days on Market
242 days
Land Size
0.52 acres
Price per sqft
$3,265
Property Type
House
Property Taxes
$18,524
HOA Dues
-
Year Built
2015

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Last updated: 5 months ago (Beaches MLS #R10569379)

Price History

Date / Event Date Event Price
Apr 24, 2025 Sold
Sold
Apr 11, 2025 In contract -
In contract
Dec 12, 2024 Listed by The Corcoran Group $57,500,000
Listed by The Corcoran Group
This luxurious Mediterranean oceanfront seven-bedroom estate has been beautifully renovated and is set on over half an acre offering stunning water views with a wealth of amenities for effortless coastal living. Curated by AD 100 designer Daniel Romualdez for gracious entertaining, it features an ocean-view living room with a gas fireplace, a club room with a full bar, a paneled oceanfront library, a day oceanfront living room, a formal dining room, a wood beamed entertainment room, and a gourmet chef's eat-in kitchen with a marble island, high end appliances, and a butler's pantry. Beachside enjoyment is elevated with covered loggias overlooking both the ocean and the pool, an expansive heated pool with a built-in spa, a cabana with a bath, and a shaded patio for poolside dining. Deeded ocean parcel with a 100 feet of ocean frontage. Additional conveniences include an elevator, a 3-car garage, a full-house generator, and two laundry​​‌​​​​‌​​‌‌​​‌​​​‌‌​‌‌​​​‌‌​​‌​​‌​​​​‌‌ rooms.
Jun 26, 2020 Sold
Sold
Oct 14, 2019 Listed by Premier Estate Properties, Inc $27,500,000
Listed by Premier Estate Properties, Inc
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Property Highlights

Elevator
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 16
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 782
  • Parking Space Count: 3
  • Patio Type: 60
  • Porch Type: 126
  • Pool Type: 8
  • Location Influence Type: 255

    Dimensions

  • Lot Size Square Feet: 22,651
  • Lot Size Depth Feet: 220
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 10,943
  • Gross Building Area: 10,943
  • Building Area: 8,423
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 8,423
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SINGERS ADDITION
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: SINGERS ADDITION LOT 4 & LAND LYG E OF LOT 4 BET OCEAN BLVD & ATLANTIC OCEAN

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 003514

Zoning

  • Zoning: RA

Geography

  • Assessors Map Reference: 164
  • Parcel: 50-43-43-26-03-000-0040
  • Lot: 4
  • Meridian: SEC 26 TWN 43S RNG 43E
  • Municipality: PALM BEACH
  • Latitude: 26.6976
  • Longitude: -80.0339

    Address

  • Full Address: 516 S Ocean Blvd
  • Address - House Number: 516
  • Street Direction: S
  • Address - Street Name: Ocean
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Palm Beach
  • Carrier Code: C010
  • 4-Digit Zip Code: 4715
  • Zip Code: 33480

Valuation

    Tax

  • Total Area: 8,852
  • Tax Year: 2022
  • Tax Amount: $39,353,757
  • Tax Rate Code Area: 50417

    Market Valuation

  • Market Total Value: $30,684,167
  • Market Land Value: $14,328,050
  • Market Improvement Value: $16,356,117

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,423,898

    Sales

  • Current Sale Contract Date: Jun 12, 2020
  • Current Sale Recording Date: Jun 26, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200222736
  • Previous Sale Recording Date: Aug 01, 2013
  • Previous Sale Contract Date: Aug 01, 2013
  • Previous Sale Amount: $8,694,911
  • 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 Palm Beach


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Frequently Asked Questions

When was property at 516 South Ocean Boulevard built and last sold?
The property at 516 South Ocean Boulevard was built in 2015 and last sold on Jun 12, 2020 for $24,244,175.
How much is this home worth?
The estimated value of the home located at 516 South Ocean Boulevard is $57,209,147.
What are some comparable homes to 516 South Ocean Boulevard?
There are currently no comparable homes to 516 South Ocean Boulevard.