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$8,100,000 USD 9.0% Reduced $800,000

$8,100,000
9.0% Reduced $800,000

4 Beds | 0.1 Baths | 2,853 Sqft Disagree?

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111 Reef Road

Esplanade Estates / Palm Beach Homes

$8,100,000
9.0% Reduced $800,000

4 Beds | 0.1 Baths | 2,853 Sqft

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Property Highlights

  • MLS# : 22-867
  • Listing Type : Residential
  • Total Area : 4,169 sqft ($1,943/sqft)
  • Year Built : 1956
  • Days on Market : 258
  • Status : Active
  • Living Area : 2,853 sqft ($2,840/sqft)
  • Subdivision : North Shore Add
  • Waterfront : Yes
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Property Details

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.

General Information
  • Acres: 0.23
  • Flooring: Hardwood, Parquet, Tile, W/W Carpeting
  • Roof: Metal
  • Total Building Sqft: 4,169
  • Zoning: Rb
  • Design: Bermuda
  • Parking: 2 Car, Attached
  • Style: Bermuda
  • Window Treatment: Impact Glass-Partial
  • Design: Bermuda
  • Parking: 2 Car, Attached
  • Style: Bermuda
  • Window Treatment: Impact Glass-Partial
Boating and Water Information
  • Waterfront: Yes
Fees and Membership
  • Tax Amount: $38,256
  • Tax Year: 2021
  • Tax Year: 2021

Listing Courtesy of Compass Florida LLC.

Esplanade Estates Market Stats

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