Sold

111 Reef Road

Palm Beach FL, 33480

$7,250,000


$2,541.18 per sqft

Sold

4 Beds

3.5 Baths

2,853 sqft

Residential

Built in 1956

This 4 bed 3 bath, two car garage move-in ready beach home with room for a pool is not in a flood zone and is sited on a 10,000 ft lot, one in from the ocean with a 9-foot elevation. Thus, you may enjoy the house as is, renovate or build new with no expense to raise the property height as it already is above FEMA minimum. Compare this with lower elevation lots that require +/- $175/foot to raise. This special property is entitled to join a private gated oceanfront cabana with private beach access one block away. There are only three oceanfront cabanas like this on the island. This one has the widest beach. The cabana is shared by three streets and has a nice structure, furniture, a fire pit, and running water.

R10803741

MLS ID

May 27, 2022

Listed

February 16, 2024

Updated

Map

111 Reef Road
Palm Beach FL, 33480

Interior Features

Total Stories

2


Bedrooms

4 Beds


Bathrooms

3.5 Baths


Interior Features

Dining Area, Separate/Formal Dining Room, Entrance Foyer, Separate Shower, Attic


Appliances

Built-In Oven, Dryer, Dishwasher, Electric Range, Disposal, Refrigerator, Washer


Floor Description

Parquet, Tile, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.23 Acres


Exterior Features

Patio


Lot Features

1/4 Acre


Roof

Spanish Tile, Tile

Other Property Details

Area Name

5001


Taxes

$38,256


Tax Frequency

Annually


Days on Market

262


Association Fee Frequency

Monthly


Association Amenities

Other


Garage

Yes


Garage Spaces

2


Parking

Attached, Driveway, Garage


View

Yes


View Description

Garden


County

Palm Beach County


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

11/10/2023

Sold

$7,250,000

Listed by: Compass Florida LLC (PB)
Listing Contact: (561) 308-0931 

All listings featuring the BMLS logo are provided by Association of Palm Beaches. This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by MLS.

©2024 Association of Palm Beaches. All rights reserved. 

Data last updated 4:33 AM UTC, 2/16/2024

 

Powered byLuxury Presence