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$615,000

Beds
5
Baths
2.5
sq ft
2,693

1196 Oakwater Dr, Royal Palm Beach, FL 33411

1196 Oakwater Dr

Royal Palm Beach, FL 33411

  • 2 days on market
Welcome to this expansive, well-maintained home in one of Royal Palm Beach’s most sought-after gated communities. Set on one of the largest canal-front lots, it offers generous living spaces, a versatile floor plan, and an open-concept layout connecting the living, dining, and spacious kitchen—ideal for entertaining or relaxing with family. Enjoy canal views from the large backyard with plenty of space for outdoor activities. The community features golf, tennis, basketball, a fitness center, clubhouse, and more. HOA includes internet, cable, security, and additional services for added convenience. Experience a country club lifestyle just minutes from top-rated schools, shopping, dining, major highways, and Palm Beach International Airport. I am not available on the sabbath/Saturdays.

Details

Property type

Single Family Residence

Est. home value

$555,326

Lot size

6,272 sq ft

Price per sq ft

$229

Year built

2002

Annual property taxes

$9,725

Monthly HOA fee

$232

Price History

03/22/2025
SEF

SEF #A11769020

Listed
$615,000
+11.82%
02/23/2023
Beaches

Beaches #R10849525

Sold
$550,000
+64.18%
09/06/2019
Beaches

Beaches #R10525623

Sold
$335,000
-0.89%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Clubhouse, Golf, Tennis Court(s), Fitness Center

Negotiation Insights

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

Seller could get up to

$116,942
Asking price
$615,000
Closing costs (~8% of asking)
-$49,200
Est. remaining loan balance
-$448,858
Cash to seller
$116,942

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

February 2023

Original loan amount

$460,000

Est. remaining balance

$448,858

Interest rate

6.48%

Loan type

New Conventional, 30 year

Seller

Jonathan Trama and Allyson Trama

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?

Status: Active

Tomo last checked: 03/25/2025 at 10:35 AM

Listing updated: 03/23/2025 at 3:06 AM

Listed by: Meir Tenenbaum, Cardinal Realty Group, LLC. Phone #: (305) 910-2902

MLS: SEF #A11769020

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