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Residential

111 Reef

Palm Beach, FL 33480

ML#:R10803741
List Price:$8,100,000
Status:Closed
Days on Market:262
Listing Brkr:Compass Florida LLC
Subdivision:NORTH SHORE
Bedrooms:4
Baths:3.5
SqFt (Liv):2,853
Lot Size:0.23 acres
Year Built:1956
Stories:2

General Information

Type Property:Residential
Style:Single Family Residence
Pool:—
Garage Spaces:2
Parking:—

Location Information

County:Miami-Dade County
Zip:33480
Subdivision:NORTH SHORE
Latitude:26.763717
Longitude:-80.038047

Rooms

Total Rooms:8
Bedrooms:4
Full Baths:3
Half Baths:1
Laundry:Laundry Room, Utility Room/Laundry

Additional Features

Interior:Entrance Foyer, Attic, Utility Room/Laundry
Appliances:Dishwasher, Disposal, Dryer, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
Flooring:Parquet, Wood
View:Garden
Heating:Central
Cooling:Central Air
Construction:CBS Construction, Stucco
Waterfront:No
Furnished:Unfurnished
Pets Allowed:Yes
Community:None
Security:Security System, Lobby Secured

Financial Information

Annual Taxes (2021):$38,256
Original Price:$13,500,000
Days on Market:262

Remarks

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 Agent

Elizabeth DeWoody

Compass Florida LLC

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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