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$15,900,000

Beds
5
Baths
5.0
sq ft
4,402

245 Atlantic Ave, Palm Beach, FL 33480

245 Atlantic Ave

Palm Beach, FL 33480

  • 244 days on market
    • Price drop $1,000,000↓
Nestled just a block away from both the Atlantic Ocean with beach access and the lake trail, this 5-bedroom, 5-bathroom Bermuda Colonial home blends luxurious features with the convenience of in-town living. Showcasing expansive and bright living spaces with high ceilings, chef's kitchen and an inviting open floor plan. Multiple large glass doors spanning the walls seamlessly connects the interior to a tropical landscaped backyard, complete with 60ft lap pool, spa/cold plunge, small basketball court and covered loggia with automatic open/close roof system and outdoor kitchen. Inside the home is an air-conditioned double garage. Upstairs, the primary suite indulges large walk-in closets and an ensuite with a Roman tub.

Details

Property type

Single Family Residence

Est. home value

$8,752,019

Lot size

0.23 acres

Price per sq ft

$3,612

Year built

2015

Annual property taxes

$88,432

Price History

11/08/2024
Beaches

Beaches #R10999068

Price change
$15,900,000
-5.92%
06/25/2024
Beaches

Beaches #R10999068

Listed
$16,900,000
+267.39%
11/30/2017
Beaches

Beaches #R10305103

Sold
$4,600,000
+1.86%

Schools & Community

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

Banco Do Brasil Americas

Loan start date

April 2023

Original loan amount

$6,750,000

Est. remaining balance

Not provided

Interest rate

6.62%

Loan type

New Conventional, 30 year

Seller

Julian Michael Bharti and Christy Natasha Bharti

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: 02/24/2025 at 1:20 PM

Listing updated: 02/14/2025 at 11:05 AM

Listed by: Simon Isaacs, Simon Isaacs Real Estate LLC Phone #: (561) 818-3936

MLS: Beaches #R10999068

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