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$21,500,000

Beds
3
Baths
3.5
sq ft
2,657

5400 Essex Ct, West Palm Beach, FL 33405

5400 Essex Ct

West Palm Beach, FL 33405

  • 32 days on market
Prime buildable waterfront lot opportunity in the sought-after South of Southern neighborhood of West Palm Beach, Florida. This massive 1.2 + /- acre property offers unobstructed, wide water views of the Intracoastal Waterway directly across South Flagler Drive, complete with riparian rights.Available for the first time in decades, this property presents a rare chance for developers or discerning buyers to build a bespoke estate on South Flagler Drive, within an iconic waterfront compound. The existing 3,577 SqFt home features 3 bedrooms + a den, 3 bathrooms, a pool, and an outdoor loggia--perfect for Florida living while planning future development. Perfectly located near Palm Beach Island, PBI Airport, premier shopping, dining, & more.

Details

Property type

Single Family Residence

Est. home value

$4,415,970

Lot size

1.18 acres

Price per sq ft

$8,092

Year built

1955

Annual property taxes

$24,468

Price History

11/20/2024
Beaches

Beaches #R11038921

Listed
$21,500,000
-4.44%
06/15/2024
Beaches

Beaches #R10936782

Removed
$22,500,000
03/26/2024
Beaches

Beaches #R10936782

Price change
$22,500,000
-2.17%

Schools & Community

Neighborhood: 

South Side

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

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

Wells Fargo Home Mortgage Inc

Loan start date

April 2003

Original loan amount

$450,000

Est. remaining balance

$0

Interest rate

5.21%

Loan type

Not Provided, 15 year

Seller

William J Marell and Sarajane A Marell

Lender

Plaza Home Mtg Bk F S B

Loan start date

September 1993

Original loan amount

$280,000

Est. remaining balance

Not provided

Interest rate

7.2%

Loan type

Not Provided

Seller

William J Marell and Sarajane A Marell

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 9:10 AM

Listing updated: 12/10/2024 at 1:00 PM

Listed by: Dovi Ettedgui, The Corcoran Group Phone #: (561) 655-9081

MLS: Beaches #R11038921

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