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.

©2024 Palm Beach Board of Realtors. All rights reserved.

Data last updated 1:15 AM UTC, 3/16/2024

Powered byLuxury Presence