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$4,795,000

Beds
6
Baths
4.0
sq ft
3,250

205 Monroe Dr, West Palm Beach, FL 33405

205 Monroe Dr

West Palm Beach, FL 33405

  • 2 days on market
Welcome to a slice of paradise nestled in the heart of West Palm Beach. This Historically Significant renovated home on a12,700+SF lot offers 5BR/3Ba in the main house & a 1BR/1Ba guest house. Timeless charm combined with modern luxury and relaxation creates your own tropical oasis where every detail has been meticulously curated for your comfort and enjoyment. Host unforgettable gatherings in the stunning outdoor spaces throughout the property. Whether you're strolling along nearby Flagler Drive or enjoying downtown activities, the beauty of South Florida living is right at your doorstep. Welcome home to paradise. All sizes and dimensions are approximate per floorplan draftsman. Buyer to independently verify all measurements.

Details

Property type

Single Family Residence

Est. home value

$3,260,359

Lot size

0.29 acres

Price per sq ft

$1,476

Year built

1925

Annual property taxes

$32,630

Price History

11/12/2024
Beaches

Beaches #R11036222

Listed
$4,795,000
06/18/2024
Beaches

Beaches #R10975290

Removed
$4,795,000
04/05/2024
Beaches

Beaches #R10975290

Listed
$4,795,000
+174.79%

Schools & Community

Neighborhood: 

Propect-Southland Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

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

$3,122,817
Asking price
$4,795,000
Closing costs (~8% of asking)
-$383,600
Est. remaining loan balance
-$1,288,583
Cash to seller
$3,122,817

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

Seller’s Loan History

Lender

Ethic

Loan start date

June 2020

Original loan amount

$1,419,800

Est. remaining balance

$1,288,583

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

Tucker P Halpern and Tucker P Halpern 2020 Trust

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: 11/13/2024 at 9:55 PM

Listing updated: 11/12/2024 at 5:05 PM

Listed by: Jim McCann, Premier Estate Properties, Inc Phone #: (561) 655-5505

MLS: Beaches #R11036222

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