Closed

Palm Beach Inlet, 220 Arabian Rd, Palm Beach, FL 33480

6,975,000(-3.23% )
3Beds
31/2Baths
2,461SqFt

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Details

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Status:
Sold - Jul 06, 2022
Parking: No info
Size: 2,461 SqFt (229 m2)
Price: $2,743/SqFt ($29,523/m2)
Type: Single Family Home
Built: 1950
MLS Number: R10807391
On Site: 1166 Days
Updated: 568 Days ago
Page Views: 0
Situated at the north end of palm beach, this property is a rare-find investment opportunity with nearby intracoastal and direct beach access. Resting on a large 11,200 sq ft lot and priced at land value, the structure features a brand-new roof and a completely gutted interior, with a massive block-paved driveway and large back yard with a hardscaped dining or lounge area, pool, and lawn. The current state of this listing gives buyers the opportunity (and flexibility) to renovate the existing house or build new. Located on the preferred south side of arabian road, this property is an uncommon and unique prospect that guarantees a bang for the buck and has the potential to yield a high return.
Features
Bedrooms
  • Bedrooms: 3
Bathrooms
  • Bathrooms: 3
  • Half Bathrooms: 1
Exterior and Lot Features
    Interior, Heating and Cooling
    • Equipment / Appliances: None
    • Heating Description: Central
    • Cooling Description: CentralAir
    Building and Construction
    • Floor Description: Carpet,Tile
    • Year Built: 1950
    • Year Built Description: Resale
    Waterfront and Water Access
    • Waterfront Frontage: No info
    School Information
      Other Property Info
      • Garage: No info
      • Listing Date: 2022-06-10T10:48:04.000-00:00
      • Pets Allowed: Yes
      Taxes, Fees & More
      • Taxes: 42278
      • Parking Description: Driveway, TwoorMoreSpaces
      • Total Floors in Building: 1

      Price History

      07/05/2022

      Date

      Sold

      Event

      $6.8M

      Price

      -3.23%

      Change Rate

      $2,743 ft2 / $29,523 m2

      Price Per

      07/07/2022

      Date

      Listed

      Event

      $7M

      Price

      $2,834 ft2 / $30,507 m2

      Price Per

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

      Listed by Stephen HallCompass Florida LLC (PB) • Buyer Agency Compensation .

      Instant Comps

      $2,000/ft²
      $3,100/ft²
      $4,300/ft²
      $5,500/ft²

      Unit 220 Arabian Rd – Asking

      $2,743/ft²

      (-26%) from Closed Medium $/ft²

      Closed Medium $/ft²

      $3,714/ft²
      Community $/Price Range (Closed) $2120/ft² – $5309/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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