tomo logo

$5,950,000

Beds
4
Baths
5.0
sq ft
4,686

234 Cortez Rd, West Palm Beach, FL 33405

234 Cortez Rd

West Palm Beach, FL 33405

  • 101 days on market
    • Price drop $545,000↓
Nestled in West Palm Beach's prestigious South End, ''So So'' neighborhood, located one block from the Intracoastal. this home features 4 bedrooms, 4 baths, 2 half baths in the main house plus a 1BR/1BTH + den guest cottage. This well appointed compound merges modern sophistication in construction with architecturally centered serenity. The thoughtful design originates at the entry and extends through the 'spine' of the home to the gardens, uniting bright and airy interiors with 10+ foot ceilings to lush and private grounds, impeccably landscaped with mature tropical plants providing the utmost privacy. The first floor centralizes the living space around the modern chef's kitchen with gas cooktop, high-end appliances, centered island, abundant cabinetry and a walk-in butler's pantry.

Details

Property type

Single Family Residence

Est. home value

$6,213,297

Lot size

0.24 acres

Price per sq ft

$1,270

Year built

2016

Annual property taxes

$33,736

Price History

11/26/2024
Beaches

Beaches #R11020628

Price change
$5,950,000
-8.39%
09/13/2024
Beaches

Beaches #R11020628

Listed
$6,495,000
-5.8%
06/21/2024
Beaches

Beaches #R10939335

Removed
$6,895,000

Schools & Community

Neighborhood: 

South Side

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park, Street Lights, Sidewalks, Tennis Court(s)

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

Crosswind Mortgage Reit Lp

Loan start date

July 2023

Original loan amount

$1,600,000

Est. remaining balance

Not provided

Interest rate

6.79%

Loan type

Commercial, 2 year

Seller

Barry Scherr and Barry Scherr Trust

Lender

Bank Of America Na

Loan start date

March 2017

Original loan amount

$1,260,000

Est. remaining balance

$1,067,587

Interest rate

4.19%

Loan type

New Conventional, 30 year

Seller

Barry Scherr and The Barry Scherr 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?

Similar Homes Nearby

Beaches
$5,395,000
4 bd
|
5.5 ba
|
3,872 sq ft
|
House

115 Gregory Rd, West Palm Beach, FL 33405

Beaches
$6,495,000
4 bd
|
3.5 ba
|
4,578 sq ft
|
House

125 Alhambra Pl, West Palm Beach, FL 33405

Beaches
$6,695,000
4 bd
|
4.5 ba
|
4,144 sq ft
|
House

232 Linda Ln, West Palm Beach, FL 33405

Status: Active

Tomo last checked: 12/23/2024 at 12:35 AM

Listing updated: 12/12/2024 at 1:15 PM

Listed by: Tom Davis, Coldwell Banker Realty Phone #: (561) 832-4663

MLS: Beaches #R11020628

Beaches logo

Recently listed in West Palm Beach