North Shore, 111 Reef Rd

$11.5M37%
$7,250,000
4
Beds
31/2
Baths
2,853
SqFt
Status
Sold - Mar 31, 2023
Parking
2
Size
2,853 SqFt (265 m2)
Price
$2,541/SqFt ($27,353/m2)
Type
House
Built
1956
MLS Number
R10803741
View
Garden
On Site
1570 Days
Updated
2 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. 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.

Features

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

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    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 .

    Listing Location & Street View
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    Scores

    Walk Score®
    Car-Dependent. Almost all errands require a car
    6

    100
    Bike Score®
    Somewhat Bikeable. Minimal bike infrastructure
    34

    100
    Sound Score®
    Bearable noise
    78

    100
    Airport Score
    Close to airports. Noticeable airport activity
    0

    100
    Traffic Score
    Congested area. Frequent traffic delays
    29

    100
    Local Score
    Limited local amenities nearby
    0

    100
    Community Snapshot
    4 – 6 BR
    Bedrooms
    $10.9M – $89M
    Price Tier
    2,137 - 8,259
    SqFt Range
    1964
    Year Build
    2
    Total Floors

    Subdivision Amenities

    Beach Access
    Beach Rights
    Cabana
    None
    Pool

    Palm Beach
    Ultra Luxury
    Ultra Luxury Homes & Condos