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$49,000,000

Beds
5
Baths
7.0
sq ft
9,047

1230 S Ocean Blvd, Palm Beach, FL 33480

1230 S Ocean Blvd

Palm Beach, FL 33480

  • 51 days on market
Encompassing almost an acre of prime Palm Beach real estate on Billionaires Row, 1230 S Ocean Blvd. is truly a one-of-a-kind estate. Completely reimagined by renowned builder Greg Giuliano and interior designer Miles Redd, this home offers unparalleled luxury and craftsmanship. Every detail has been meticulously curated, ensuring the highest level of quality throughout the property.As you step inside, you'll notice the finest finishes and fixtures curated from around the world. From marble and wood flooring to a state-of-the-art kitchen featuring Miele, SubZero, and Wolf appliances, topped off with a stunning La Cornue 6-burner gas stove and a wine fridge. Every room is thoughtfully designed, with a Lutron lighting system and pre-wired audio/visual equipment enhancing the home's

Details

Property type

Single Family Residence

Est. home value

$20,283,444

Lot size

0.97 acres

Price per sq ft

$5,417

Year built

1986

Annual property taxes

$249,089

Price History

11/01/2024
Beaches

Beaches #R11033429

Listed
$49,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$43,492,109
Asking price
$49,000,000
Closing costs (~8% of asking)
-$3,920,000
Est. remaining loan balance
-$1,587,891
Cash to seller
$43,492,109

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

Seller’s Loan History

Lender

Peapack Gladstone Bank

Loan start date

March 2007

Original loan amount

$2,500,000

Est. remaining balance

$1,587,891

Interest rate

6.28%

Loan type

Not Provided, 30 year

Seller

Smm Realty 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: 12/22/2024 at 3:50 PM

Listing updated: 12/10/2024 at 12:57 PM

Listed by: Christopher Leavitt, Douglas Elliman Phone #: (561) 655-8600

MLS: Beaches #R11033429

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