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$3,150,000

Beds
7
Baths
5.5
sq ft
4,439

206 Edgewood Dr, West Palm Beach, FL 33405

206 Edgewood Dr

West Palm Beach, FL 33405

  • 32 days on market
    • Price drop $100,000↓
Steps from the Intracoastal, this 1925 estate in Southland Park blends historic charm with modern luxury. The main home offers a grand living room with a fireplace, a chef's kitchen with a double oven and island, plus 3 bedrooms, 2.5 baths, and a sunlit office. A separate guest house features 2 beds, 2 baths, and designer upgrades, plus two private 1-bed, 1-bath apartments--perfect for guests or rental income. Outside, a newly built heated pool and spa create a private tropical oasis. Just minutes from the sandy beaches of Palm Beach Island, downtown West Palm Beach, PBI Airport, and Antique Row, this rare estate offers prestige, comfort, and investment potential._____________________

Details

Property type

Single Family Residence

Est. home value

$2,451,236

Lot size

9,525 sq ft

Price per sq ft

$710

Year built

1925

Annual property taxes

$17,370

HOA

Yes

Price History

03/20/2025
Beaches

Beaches #R11065463

Price change
$3,150,000
-3.08%
02/24/2025
Beaches

Beaches #R11065463

Listed
$3,250,000

Schools & Community

Neighborhood: 

Propect-Southland Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

2

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

$2,580,568
Asking price
$3,150,000
Closing costs (~8% of asking)
-$252,000
Est. remaining loan balance
-$317,432
Cash to seller
$2,580,568

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

June 2020

Original loan amount

$353,100

Est. remaining balance

$317,432

Interest rate

3.26%

Loan type

New Conventional, 30 year

Seller

Luis Eduardo Ponce and Maria Alexandra Paladines

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?

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Status: Active

Tomo last checked: 03/29/2025 at 1:00 AM

Listing updated: 03/22/2025 at 2:15 AM

Listed by: Luis Eduardo Ponce, Choice Plus Real Estate Phone #: (561) 628-4663

MLS: Beaches #R11065463

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