North Shore, 111 Reef Rd

4
Beds
31/2
Baths
2,853
SqFt
$2,541
$/SqFt
Ultra Luxury HouseProperty Type
1956Year Built
$2,541/SqFtPrice per sq ft
2 carsParking Spaces
GardenView
Outdoor Living AreaExterior Features
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. Residents can reserve the cabana for parties or enjoy their private oceanfront paradise! Under-house sewer pipes were replaced four years ago, recent HVAC and renovated master bath. Looking for a good value on the Island of Palm Beach? You just found it.
Listing Courtesy Of: Compass Florida LLC
Local Realty Services Provided By: Best of Luxury Realty
On Site: 1631 DaysUpdated: 62 Days agoPage Views: 0

Features

MLS Number: R10803741
Bedrooms
  • Bedrooms: 4
Bathrooms
  • Bathrooms: 3
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: OutdoorLivingArea
  • View: Garden
Interior, Heating and Cooling
  • Interior Features: Bathtub, DiningArea, SeparateFormalDiningRoom, EntranceFoyer, SoakingTub, SeparateShower
  • Equipment / Appliances: Dryer, Dishwasher, ElectricRange, Disposal, Oven, Refrigerator, Washer
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Parquet,Wood
  • Year Built: 1956
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: 2
    • Listing Date: 2022-05-27T15:51:08.000-00:00
    • Directions: South
    • Pets Allowed: Yes
    Taxes, Fees & More
    • Taxes: 38256
    • Security Information: SecuritySystem
    • Parking Description: Attached,Garage
    • Total Floors in Building: 2

    Apples-to-Apples Comparables

     Closest-Match Comparables
    See closest-match comps for this subdivision
    No obligation
    Verified
    Trends
    Insights
    Best of Luxury Realty
    Talk to a local advisor
    Licensed advisors answering your questions across Palm Beach, FL
    01
    Licensed Brokerage
    02
    Local Advisors
    03
    Direct Answers
    Exclusive real estate service partner

    Price History

    Current
    $7.3M
    High
    $11.5M
    Low
    $7.3M
    Total Change
    -37%
    $12M$9.4M$6.7MJul 22Oct 22Nov 22Nov 22Mar 23Nov 22
    Date
    Event
    Price
    Change
    Price Per
    11/22/2022
    Sold
    $7.3M
    0%
    $2,541 ft2
    $27,353 m2
    03/31/2023
    Price Reduced
    $7.3M
    -10.49%
    $2,541 ft2
    $27,353 m2
    11/21/2022
    Price Reduced
    $8.1M
    -8.99%
    $2,839 ft2
    $30,560 m2
    11/04/2022
    Price Reduced
    $8.9M
    -6.32%
    $3,120 ft2
    $33,579 m2
    10/03/2022
    Price Reduced
    $9.5M
    -17.39%
    $3,330 ft2
    $35,842 m2
    07/04/2022
    Listed
    $11.5M
     
    $4,031 ft2
    $43,388 m2
    11/22/2022
    $7.3M
    Event
    Sold
    Change
    0%
    Price Per
    $2,541 ft2
    $27,353 m2
    03/31/2023
    $7.3M
    Event
    Price Reduced
    Change
    -10.49%
    Price Per
    $2,541 ft2
    $27,353 m2
    11/21/2022
    $8.1M
    Event
    Price Reduced
    Change
    -8.99%
    Price Per
    $2,839 ft2
    $30,560 m2
    11/04/2022
    $8.9M
    Event
    Price Reduced
    Change
    -6.32%
    Price Per
    $3,120 ft2
    $33,579 m2
    10/03/2022
    $9.5M
    Event
    Price Reduced
    Change
    -17.39%
    Price Per
    $3,330 ft2
    $35,842 m2
    07/04/2022
    $11.5M
    Event
    Listed
    Price Per
    $4,031 ft2
    $43,388 m2
    Price per square foot and days on website are not provided values and are calculated by Subdivisions.
    Listed by Elizabeth DeWoody • Compass Florida LLC • Buyer Agency Compensation .
    Tour This Property
    Choose an in-person or video tour with a licensed local advisor
    A local advisor will confirm availability
    Ready to Make an Offer?
    Get expert guidance from a local advisor
    Community Snapshot
    6 – 6 BR
    Bedrooms
    $89M – $89M
    Price Tier
    2,137 - 8,259
    SqFt Range
    1964
    Year Build
    2
    Total Floors

    Subdivision Amenities

    Beach Access
    Beach Rights
    Cabana
    None
    Pool

    All Palm Beach, FL
    Ultra Luxury
    Ultra Luxury Homes & Condos

    Other Palm Beach, FL Homes & Condos Price Range Segments

    Palm Beach, FL Nearby Cities