Closed

North Shore, 111 Reef Rd, Palm Beach, FL 33480

8,100,000(-10.49% )
4Beds
31/2Baths
2,853SqFt

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Details

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Status:
Sold - Mar 31, 2023
Parking: 2
Size: 2,853 SqFt (265 m2)
Price: $2,541/SqFt ($27,353/m2)
Type: Single Family Home
Built: 1956
HOA: N/A
MLS Number: R10803741
View: Garden
On Site: 1173 Days
Updated: 561 Days ago
Page Views: 0
This 4 bed 3 bath, two car garage move-in ready beach home with room for a pool is not in a flood zone and is sited on a 10,000 ft lot, one in from the ocean with a 9-foot elevation. Thus, you may enjoy the house as is, renovate or build new with no expense to raise the property height as it already is above fema minimum. Compare this with lower elevation lots that require +/- $175/foot to raise. This special property is entitled to join a private gated oceanfront cabana with private beach access one block away. There are only three oceanfront cabanas like this on the island. This one has the widest beach. The cabana is shared by three streets and has a nice structure, furniture, a fire pit, and running water.
Features
Bedrooms
  • Bedrooms: 4
Bathrooms
  • Bathrooms: 3
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: Patio
  • View: Garden
Interior, Heating and Cooling
  • Interior Features: DiningArea, SeparateFormalDiningRoom, EntranceFoyer, SeparateShower, Attic
  • Equipment / Appliances: BuiltInOven, Dryer, Dishwasher, ElectricRange, Disposal, Refrigerator, Washer
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Parquet,Tile,Wood
  • Year Built: 1956
  • Year Built Description: Resale
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: 2
    • Listing Date: 2022-05-27T14:51:08.000-00:00
    • Pets Allowed: Yes
    Taxes, Fees & More
    • Taxes: 38256
    • Security Information: SecuritySystem
    • Parking Description: Attached, Driveway, Garage
    • Total Floors in Building: 2

    Price History

    03/31/2023

    Date

    Sold

    Event

    $7.3M

    Price

    -10.49%

    Change Rate

    $2,541 ft2 / $27,353 m2

    Price Per

    11/21/2022

    Date

    Price Reduced

    Event

    $8.1M

    Price

    -8.99%

    Change Rate

    $2,839 ft2 / $30,560 m2

    Price Per

    11/04/2022

    Date

    Price Reduced

    Event

    $8.9M

    Price

    -6.32%

    Change Rate

    $3,120 ft2 / $33,579 m2

    Price Per

    10/03/2022

    Date

    Price Reduced

    Event

    $9.5M

    Price

    -17.39%

    Change Rate

    $3,330 ft2 / $35,842 m2

    Price Per

    07/04/2022

    Date

    Listed

    Event

    $11.5M

    Price

    $4,031 ft2 / $43,388 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Elizabeth DeWoodyCompass Florida LLC (PB) • Buyer Agency Compensation .

    Instant Comps

    $2,400/ft²
    $2,600/ft²
    $3,000/ft²
    $3,300/ft²

    Unit 111 Reef Rd – Asking

    $2,541/ft²

    (-15%) from Closed Medium $/ft²

    Closed Medium $/ft²

    $3,007/ft²
    Community $/Price Range (Closed) $2867/ft² – $3146/ft²
    No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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