Sold
111 Reef Road
Palm Beach FL, 33480
$7,250,000
$2,541.18 per sqft
Sold
4 Beds
3 Baths
2,853 sqft
Residential
Built in 1956
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.
22-867
MLSⓇ ID
May 26, 2022
Listed
March 16, 2024
Updated
Map
111 Reef Road
Palm Beach FL, 33480
Interior Features
Bedrooms
4 Beds
Bathrooms
3 Baths
Floor Description
Hardwood, Parquet, Tile, W/W Carpeting
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.23 Acres
Architectual Style
Bermuda
Roof
Metal
Other Property Details
Area Name
01 - Wells Rd & North
Taxes
$38,256
Tax Frequency
Annually
Garage
Yes
Parking
2 Car, Attached
View
No
County
Palm Beach
Pool
No
Pool Features
No Pool
Waterfront
Yes
Zoning
RB
Listing History
Date | Event | Price |
---|---|---|
8/31/2023 | Sold | $7,250,000 |
Listed by ELIZABETH DeWOODY with Compass Florida LLC
Listing Contact:
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Michael Passaro shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 1:15 AM UTC, 3/16/2024