tomo logo

$3,795,000

Beds
5
Baths
6.5
sq ft
6,245

1216 Palm Trl, Delray Beach, FL 33483

1216 Palm Trl

Delray Beach, FL 33483

  • 2 days on market
Palm Trail, Delray Beach, Florida. On tree-lined Palm Trail, across from the Intracoastal Waterway's shore, this is one of just six courtyard townhomes in an exclusive enclave offering resort-style living close to the beach, minutes from famous Atlantic Avenue's bistros and boutiques. Going beyond every expectation, this luxury townhome is an exquisite showplace by Leighton Design Group. Casual elegance is expressed with sophisticated modern ease in select finishes and bespoke elements that come together in a calm neutral palette with a textural look and touches of subtle glamour. Creating an estate-like environment in the Mediterranean-inspired architectural design, this light-filled end-position townhome opens to loggias around the private, tropically landscaped courtyard.

Details

Property type

Townhouse

Est. home value

$3,693,268

Lot size

0.23 acres

Price per sq ft

$608

Year built

2010

Annual property taxes

$39,604

Monthly HOA fee

$1,333

Price History

03/13/2025
Beaches

Beaches #R11070980

Listed
$3,795,000
-3.92%
05/20/2024
Beaches

Beaches #R10947461

Removed
$3,950,000
05/14/2024
Beaches

Beaches #R10947461

Pending
$3,950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Carver Community

High school: 

Atlantic Technical

Number of units in community: 

6

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

$1,572,105
Asking price
$3,795,000
Closing costs (~8% of asking)
-$303,600
Est. remaining loan balance
-$1,919,295
Cash to seller
$1,572,105

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

Seller’s Loan History

Lender

Oaktree Funding Corp

Loan start date

December 2021

Original loan amount

$2,000,000

Est. remaining balance

$1,919,295

Interest rate

3.09%

Loan type

New Conventional, 41 year

Seller

Michelle Berk

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: 03/15/2025 at 1:25 PM

Listing updated: 03/13/2025 at 3:55 PM

Listed by: Pascal J Liguori, Premier Estate Properties, Inc Phone #: (561) 278-8188

MLS: Beaches #R11070980

Beaches logo

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