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$5,899,999

Beds
4
Baths
5.5
sq ft
3,842

1108 Coconut Row, Delray Beach, FL 33483

1108 Coconut Row

Delray Beach, FL 33483

  • 289 days on market
    • Price drop $225,001↓
Welcome to 1108 Coconut Row - The Crown Jewel of Urban Luxury Living and RENTAL INCOME! Price Improvement - Act Fast! Nestled in Delray Beach's prestigious Gold Coast, this magnificent three story residence offers 3,842 sq. ft. under air and 5,800 sq. ft. in total. There are seven outdoor terraces, a private pool, four ensuite bedrooms and a total of five and a half baths. Key Features: Prime Location: Walk to the beach and the famed Atlantic Ave. It's perfect for urban dwellers who crave exploration. Luxury Amenities: Private pool, elevator, summer kitchen on first level, gourmet kitchen on second level. The lavish main primary suite has a four-piece ensuite bath, large walk-in closet, and private covered porch. Delivered Furnished. INVESTORS: The nightly rental rate: up to $1,900!

Details

Property type

Single Family Residence

Est. home value

$5,892,779

Lot size

6,485 sq ft

Price per sq ft

$1,536

Year built

2011

Annual property taxes

$46,775

Price History

06/14/2024
Beaches

Beaches #R10927837

Price change
$5,899,999
-3.67%
10/13/2023
Beaches

Beaches #R10927837

Listed
$6,125,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

M & T Bank

Loan start date

March 2022

Original loan amount

$1,209,000

Est. remaining balance

Not provided

Interest rate

2.25%

Loan type

New Conventional, 30 year

Seller

Michael W Tinsley

Lender

Quicken Loans Llc

Loan start date

November 2020

Original loan amount

$1,213,000

Est. remaining balance

$1,114,524

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Michael W Tinsley and Robert W Wilson Jr

Lender

Jpmorgan Chase Bank Na

Loan start date

August 2016

Original loan amount

$1,120,000

Est. remaining balance

$926,856

Interest rate

3.48%

Loan type

New Conventional, 30 year

Seller

Michael W Tinsley and Robert W Wilson Jr

Lender

Venta Financial Group Inc

Loan start date

May 2012

Original loan amount

$1,162,500

Est. remaining balance

$850,999

Interest rate

4.08%

Loan type

New Conventional, 30 year

Seller

Michael W Tinsley and Robert W Wilson Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/27/2024 at 11:45 PM

Listing updated: 06/27/2024 at 7:43 AM

Listed by: Phil DeCarlo, Posh Properties Phone #: (561) 330-4731

MLS: Beaches #R10927837

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