Check Availability

7 Ocean Lane

7 Ocean Lane, Palm Beach, FL 33480
Local assessors in Palm Beach, FL have categorized 7 Ocean Lane as a vacant type of property. The property's lot size has been calculated to be 22,176 square feet. The linear feet between the front and back of the lot was measured at 40 ft and the front of the lot was measured at 1,060 ft.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The property was last sold in Feb 15, 2022 for $39,000,000. Prior to that sales transaction, the property was also sold in Dec 21, 2020 for $20,200,000. 7 Ocean Lane was last assessed in 2022. The total value of the property was assessed at $17,710,330. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $307,554. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200811
08/11/2020
Loft
-
-
$19,900,000
bedrooms
Loft
bathrooms
-
$20,200,000 +1.51%
12/29/2020
-
Janina Radtke

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,176
  • Lot Size Depth Feet: 40
  • Lot Size Frontage Feet: 1,060
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: OCEAN LANE IN
  • Land Acres: 0.509
  • Standard Land Use Code: Vacant land (general)
  • Legal Description 1: OCEAN LANE N 6 FT OF LT 6 (LESS WLY 75.90 FT) & LT 7

Ownership

  • Current Owner : SEVEN OCEAN LANE LLC
  • Previous Owner : 7 OCEAN LANE LLC
  • Owner Before Previous Owner: RADTKE JANINA
  • Owner Before Previous Owner 2: JANINA RADTKE REVOCABLE TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: R-B

Geography

  • Assessors Map Reference: 124
  • Parcel: 50-43-43-11-02-000-0061
  • Lot: 6,7
  • Meridian: SEC 11 TWN 43S RNG 43E
  • Municipality: PALM BEACH
  • Latitude: 26.7399
  • Longitude: -80.0354

    Address

  • Full Address: 7 Ocean Ln
  • Address - House Number: 7
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Palm Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 3304
  • Zip Code: 33480

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $307,554
  • Tax Rate Code Area: 50411

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $39,000,000
  • First Open Lien Mortgage Lender: POINCIANA GROUP LLC SERIES 2
  • First Open Lien Mortgage Recording Date: Feb 16, 2022
  • First Open Lien Mortgage Loan Amount: $39,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon

    Market Valuation

  • Market Total Value: $22,635,990
  • Market Land Value: $22,635,990

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,710,330

    Sales

  • Current Sale Contract Date: Feb 15, 2022
  • Current Sale Recording Date: Feb 16, 2022
  • Current Sale Transaction ID: 11882631589
  • Current Sale Price: $39,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 74250
  • Previous Sale Recording Date: Dec 29, 2020
  • Previous Sale Contract Date: Dec 21, 2020
  • Previous Sale Amount: $20,200,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: POINCIANA GROUP LLC SERIES 2
  • First Mortgage Transaction Date: Feb 16, 2022
  • First Mortgage Loan Amount: $39,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon

    Previous Mortgages

  • Previous Mortgage Lender: KHRE SMA FUNDING LLC
  • Previous Mortgage Transaction Date: Dec 29, 2020
  • Previous Mortgage Loan Amount: $145,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Palm Beach



Similar Buildings

Land at 7 Ocean Lane,

299 Tradewind Drive

  • 1 Unit for Sale
299 Tradewind Drive, Palm Beach, FL 33480
Land at 7 Ocean Lane,

2800 North Flagler Drive

  • 1 Unit for Sale
2800 North Flagler Drive, West Palm Beach, FL 33407
Land at 7 Ocean Lane,

2818 North Flagler Drive

  • 1 Unit for Sale
2818 North Flagler Drive, West Palm Beach, FL 33407
Land at 7 Ocean Lane,

207 30th Street

  • 1 Unit for Sale
207 30th Street, West Palm Beach, FL 33407
Land at 7 Ocean Lane,

2600 North Flagler Drive

  • 1 Unit for Sale
2600 North Flagler Drive, West Palm Beach, FL 33407
Land at 7 Ocean Lane,

235 30th Street

  • 1 Unit for Sale
235 30th Street, West Palm Beach, FL 33407
Land at 7 Ocean Lane,

3211 Poinsettia Avenue

  • 1 Unit for Sale
3211 Poinsettia Avenue, West Palm Beach, FL 33407
Land at 7 Ocean Lane,

3940 North Flagler Drive

  • 1 Unit for Sale
3940 North Flagler Drive, West Palm Beach, FL 33407
Land at 7 Ocean Lane,

1801 North Flagler Drive

  • 1 Unit for Sale
1801 North Flagler Drive, West Palm Beach, FL 33407

Nearby Rentals

Unit for rent at 215 33rd Street, West Palm Beach, FL, 33407

$7,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,449 ft²
215 33rd Street, West Palm Beach, FL, 33407 Listing by Tory Kimberly Joeckel PA
Unit for rent at 436 28th Street, West Palm Beach, FL, 33407

$9,950 /mo

  • 4 Beds
  • 3 Baths
  • 2,361 ft²
436 28th Street, West Palm Beach, FL, 33407 Listing by Peter Conn
Unit for rent at 184 Sunset Avenue, Palm Beach, FL, 33480

$6,000 /mo

  • 1 Bed
  • 1 Bath
  • 476 ft²
184 Sunset Avenue, Palm Beach, FL, 33480 Listing by Peter Conn
Unit for rent at 443 36th St, West Palm Beach, FL, 33407

$9,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,872 ft²
443 36th St, West Palm Beach, FL, 33407 Listing by Adam Zucker
Unit for rent at 248 Park Avenue, Palm Beach, FL, 33480

$8,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,728 ft²
248 Park Avenue, Palm Beach, FL, 33480 Listing by Peter Conn
Unit for rent at 139 Sunrise Avenue, Palm Beach, FL, 33480

$8,500 /mo

  • 2 Beds
  • 2 Baths
  • 990 ft²
139 Sunrise Avenue, Palm Beach, FL, 33480 Listing by Karen S Leland
Unit for rent at 405 31st Street, West Palm Beach, FL, 33407

$6,000 /mo

  • 2 Beds
  • 1 Bath
  • 984 ft²
405 31st Street, West Palm Beach, FL, 33407 Listing by Annabelle Potvin

Frequently Asked Questions

What neighborhood is 7 Ocean Lane located in?
The 7 Ocean Lane is a land located in the neighborhood of West Palm Beach in Palm Beach, Palm Beach.
What is the average sales price for listings in 7 Ocean Lane?
The average sales price for units in 7 Ocean Lane is $21,900,000 currently.

Quantcast