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$24,900,000

Beds
6
Baths
9.0
sq ft
8,458

144 W Coconut Palm Rd, Boca Raton, FL 33432

144 W Coconut Palm Rd

Boca Raton, FL 33432

  • 181 days on market
    • Price drop $1,800,000↓
Discover the epitome of luxury in this nearly new deep-water estate on 131' of waterfront, masterfully crafted by CJM Builders and elegantly designed by Marc Michaels. This stunning haven boasts a modern transitional interior and an impressive 111' dock with power to accommodate a grand yacht.Indulge in the outdoor oasis, featuring an infinity pool/spa, a summer kitchen with state-of-the-art appliances, automatic pocketing doors, and Phantom screens that seamlessly blend indoor and outdoor living. The chef's kitchen is a culinary masterpiece, equipped with premium Gaggenau appliances, sizeable dual center islands, and a butler's pantry.

Details

Property type

Single Family Residence

Est. home value

$31,415,214

Lot size

0.44 acres

Price per sq ft

$2,944

Year built

2020

Annual property taxes

$320,302

Monthly HOA fee

$395

Price History

09/04/2024
Beaches

Beaches #R11000869

Price change
$24,900,000
-6.74%
07/01/2024
Beaches

Beaches #R11000869

Listed
$26,700,000
-0.74%
06/24/2024
Beaches

Beaches #R10894843

Removed
$26,900,000

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

$8,953,662
Asking price
$24,900,000
Closing costs (~8% of asking)
-$1,992,000
Est. remaining loan balance
-$13,954,338
Cash to seller
$8,953,662

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

Seller’s Loan History

Lender

Morgan Stanley Bank Na

Loan start date

October 2021

Original loan amount

$15,000,000

Est. remaining balance

$13,954,338

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Michael J Wimmer and Mary Louis Ferry Wimmer

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: 12/29/2024 at 1:25 PM

Listing updated: 12/28/2024 at 11:10 AM

Listed by: David Roberts, Royal Palm Properties LLC Phone #: (561) 368-6200

MLS: Beaches #R11000869

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