tomo logo

$5,995,000

Beds
4
Baths
4.5
sq ft
3,592

225 Pershing Way, West Palm Beach, FL 33401

225 Pershing Way

West Palm Beach, FL 33401

  • 230 days on market
    • Price drop $400,000↓
Historic charm abounds in this impeccably renovated 1925 El Cid home, complete with guest house. The main house features 3 bedrooms upstairs, each with en-suite bath & upstairs laundry. On entering through the arch-top Pecky Cypress front door, an original curved staircase greets you. A relaxing living room w/ beamed Pecky Cypress ceiling & gas fireplace awaits, while a Florida Room provides an intimate sitting area. A formal dining room, fully equipped kitchen, breakfast area & office round out the ground floor spaces. Out back, lush landscaping provides privacy for the heated salt-water pool, outdoor shower & outdoor dining. Guest house is complete with bedroom, bath, sitting room, kitchen, laundry & air-conditioned garage w/ Tesla charger. House next door just sold for $7M+.

Details

Property type

Single Family Residence

Est. home value

$4,044,789

Lot size

8,625 sq ft

Price per sq ft

$1,669

Year built

1925

Annual property taxes

$64,556

HOA

Yes

Price History

06/20/2024
Beaches

Beaches #R10970471

Price change
$5,995,000
-6.25%
03/20/2024
Beaches

Beaches #R10970471

Listed
$6,395,000
+133.61%
03/08/2021
Beaches

Beaches #R10663460

Sold
$2,737,500

Schools & Community

Neighborhood: 

El Cid

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

First Republic Bank

Loan start date

March 2021

Original loan amount

$1,779,375

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Pershing Property Holdings 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?

Similar Homes Nearby

Beaches
$5,195,000
4 bd
|
4.5 ba
|
4,016 sq ft
|
House

311 Monceaux Rd, West Palm Beach, FL 33405

Price drop
Beaches
$5,895,000
5 bd
|
4.5 ba
|
4,380 sq ft
|
House

320 Sunset Rd, West Palm Beach, FL 33401

Beaches
$5,485,000
5 bd
|
4.5 ba
|
3,328 sq ft
|
House

3017 Vincent Rd, West Palm Beach, FL 33405

Status: Active

Tomo last checked: 11/05/2024 at 11:35 AM

Listing updated: 09/30/2024 at 5:03 PM

Listed by: Steffanie Ngo-Hatchie, United Realty Group Inc Phone #: (954) 450-2000

MLS: Beaches #R10970471

Beaches logo