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$3,995,000

Beds
3
Baths
2.0
sq ft
1,027

231 Cocoanut Row, Palm Beach, FL 33480

231 Cocoanut Row

Palm Beach, FL 33480

  • 19 days on market
A Palm Beach jewel in the heart of Town! Updated 3 bedroom, 2 bathroom home with beautiful natural light, high ceilings, and charming living spaces. Outdoor space includes a wrap-around terrace, heated pool with separate pool cabana and deeded beach access. Impact windows provide added security for a true ''lock-and-leave'' island cottage with easy access to lake trail, restaurants and shops.

Details

Property type

Single Family Residence

Est. home value

$2,804,056

Lot size

4,000 sq ft

Price per sq ft

$3,890

Year built

1943

Annual property taxes

$30,655

Price History

01/14/2025
Beaches

Beaches #R11052516

Listed
$3,995,000
+202.08%
10/22/2015
Beaches

Beaches #R10166886

Sold
$1,322,500

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

$1,388,918
Asking price
$3,995,000
Closing costs (~8% of asking)
-$319,600
Est. remaining loan balance
-$2,286,482
Cash to seller
$1,388,918

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

Seller’s Loan History

Lender

First Republic Bank

Loan start date

May 2022

Original loan amount

$2,400,000

Est. remaining balance

$2,286,482

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Travis A Grenves and Holly W Grenves

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: 02/02/2025 at 12:50 PM

Listing updated: 01/29/2025 at 11:57 AM

Listed by: Cara McClure, Douglas Elliman Phone #: (561) 655-8600

MLS: Beaches #R11052516

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