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$60,000,000

Beds
7
Baths
10.0
sq ft
9,949

516 S Ocean Blvd, Palm Beach, FL 33480

516 S Ocean Blvd

Palm Beach, FL 33480

  • 10 days on market
This luxurious Mediterranean oceanfront seven-bedroom estate has been beautifully renovated and is set on over half an acre offering stunning water views with a wealth of amenities for effortless coastal living. Curated by AD 100 designer Daniel Romualdez for gracious entertaining, it features an ocean-view living room with a gas fireplace, a club room with a full bar, a paneled oceanfront library, a day oceanfront living room, a formal dining room, a wood beamed entertainment room, and a gourmet chef's eat-in kitchen with a marble island, high end appliances, and a butler's pantry. Beachside enjoyment is elevated with covered loggias overlooking both the ocean and the pool, an expansive heated pool with a built-in spa, a cabana with a bath, and a shaded patio for poolside dining.

Details

Property type

Single Family Residence

Est. home value

$37,791,904

Lot size

Unknown

Price per sq ft

$6,031

Year built

2015

Annual property taxes

$436,545

Price History

12/12/2024
Beaches

Beaches #R11044290

Listed
$60,000,000
+147.48%
06/12/2020
Beaches

Beaches #R10569379

Sold
$24,244,175

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

Ubs Bank Usa

Loan start date

August 2020

Original loan amount

$14,025,000

Est. remaining balance

Not provided

Interest rate

2.37%

Loan type

New Conventional, 30 year

Seller

Guy Rabideau and 516Sob 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?

Status: Active

Tomo last checked: 12/22/2024 at 5:40 AM

Listing updated: 12/12/2024 at 5:35 PM

Listed by: Dana Koch, The Corcoran Group Phone #: (561) 655-9081

MLS: Beaches #R11044290

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