tomo logo

$16,500,000

Beds
6
Baths
5.5
sq ft
7,106

1222 N Ocean Blvd, Delray Beach, FL 33483

1222 N Ocean Blvd

Gulfstream, FL 33483

  • 207 days on market
    • Price drop $1,000,000↓
Elegant and sophisticated, casual and comfortable, this stunning coastal compound has been completely renovated in 2023. The home is truly unique and offers the best in luxury living. This one of a kind property features deeded, gated beach access and your own private dock (with water and electric service) on a private cove. Situated on 1.24 acres, the custom-built residence boasts over 9,500 total square feet in the main house and guest house. This home features; formal living and dining rooms; gourmet kitchen; french oak wood floors, marble in all bathrooms and custom finishes everywhere. Enjoy the resort-style pool; outdoor living areas; summer kitchen and loggia with fire pit and water views. Smart house; generator; air-conditioned garage with storage; and front entry gate.

Details

Property type

Single Family Residence

Est. home value

$11,503,890

Lot size

1.24 acres

Price per sq ft

$2,322

Year built

2014

Annual property taxes

$157,849

Price History

10/03/2024
Beaches

Beaches #R10967943

Price change
$16,500,000
-5.71%
08/08/2024
Beaches

Beaches #R10967943

Removed
$17,500,000
06/10/2024
Beaches

Beaches #R10967943

Listed
$17,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

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

Finemark National Bank & Trust

Loan start date

August 2022

Original loan amount

$9,400,000

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

Future Advance Clause / Open End Mortgage, 30 year

Seller

Mtp 1222 Ocean Blvd Llc

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: 10/04/2024 at 11:30 PM

Listing updated: 10/04/2024 at 1:16 PM

Listed by: Michael Costello, Compass Florida LLC (PB) Phone #: (305) 851-2820

MLS: Beaches #R10967943

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