8 months on rocket

1118 Ocean Ter, Delray Beach, FL, 33483

$3,500,000

4 Bedrooms
6 Full Baths
3,665 SqFt
$955/SqFt
Townhouse

Location

Image provided by Mapbox

Property Highlights

Home TypeTownhouse
Parking2+ Spaces, Driveway, Garage - Attached
Attached Garage2 spaces
Year Built2007
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontNone
ViewOcean
Private PoolYes
MLS #RX-10973527
StatusActive

About 1118 Ocean Ter

Stunning, contemporary townhome nestled in the sought after Seagate neighborhood, steps to the sand and a short walk to the Seagate Beach Club and Downtown Delray Beach's hottest restaurants, shops and galleries. This pristine & updated 3-story home offers an open concept kitchen/ living room, impact glass throughout including garage doors, elevator and chef's kitchen with Thermador appliances and additional Sub-Zero garage refrigerator/ freezer. The primary suite boasts a private balcony overlooking the tree-lined pool, sitting room and two oversized walk in custom closets. The second floor also includes two en-suite guest bedrooms with beach-view balconies. The third floor features an additional flex space with full bathroom and expansive breathtaking city-view rooftop terrace ideal

Property Details

Property Features

Property Information:

  • Architectural Style: Multi-Level, Townhouse
  • Year Built: 2007
  • Stories: 3
  • Living Area: 3,665 SqFt

Listing Office:

  • Office Name: Engel & Voelkers Delray Beach
  • Office Phone: (561) 362-2888
  • Listing Agent: Lemore Zausner

Interior Features

Interior Information:

  • Appliances: Automatic Garage Door Opener, Dishwasher, Dryer, Ice Maker, Microwave, Refrigerator, Washer, Electric Water Heater
  • Flooring Type: Tile, Wood Floor
  • Interior: Elevator, Fire Sprinkler, Pantry, Roman Tub, Split Bedroom, Walk-in Closet

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: None
  • View: Ocean
  • Exterior: Auto Sprinkler, Covered Balcony, Covered Patio, Fence, Open Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: 2+ Spaces, Driveway, Garage - Attached

Virtual/3D Tour

  • Virtual Tour: 1118 Ocean Ter
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: A1A south of Atlantic Ave, west on Ocean Terrace. On south side of street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,500,000
  • Price Per SqFt: $955/SqFt

Tax Information:

  • Annual Amount: $17,236
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Delray Beach, FL.

Med. Sold Price

$373.6K

Med. Price/SqFt

$276

Avg. Days On Market

71

# of Sold Homes

150

1118 Ocean Ter vs Delray Beach

260 DAYS ON ROCKET

+189 Days

$3,500,000

+$3.1M More

$955/SqFt

+$679 More

KEY TAKEAWAY

This property is $3.1M more than the Median Sold Price and $679/SqFt more than other homes in Delray Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-10973527

Listing Office:

  • Office Name: Engel & Voelkers Delray Beach
  • Office Phone: (561) 362-2888
  • Listing Agent: Lemore Zausner

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 06, 2013Home Sold
$1,050,000
Jul 24, 2006Home Sold
$500,000

Tax History

YEARPROP. TAXASSESSMENT
2020$17,236$881,454
2019$17,023$861,636
2018$16,328$845,570
2017$16,301$828,178

History based on county public records data.

Payment Calculator

$17.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4403026
7
/10
  • Pine Grove Elementary School

  • 400 SW 10th St

  • 1.35 miles

  • Public District Grades EE-5

school-card-donut-4403027
5
/10
  • S. D. Spady Elementary School

  • 901 NW 3rd St

  • 1.63 miles

  • Public Magnet Grades PK-5

school-card-donut-4403028
6
/10
  • Crosspointe Elementary School

  • 3015 S Congress Ave

  • 3.57 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $82,543. Most Delray Beach, FL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1118 Ocean Ter

What is the listing price of this property?

The listing price of 1118 Ocean Ter property is $3,500,000.

What type of property is this?

The property 1118 Ocean Ter is a townhouse located in Delray Beach, Florida, 33483.

Is this property for sale now?

Active Listing: 1118 Ocean Ter is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $17,236 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 6, 2013 for $1,050,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1118 Ocean Ter has 4 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 1118 Ocean Ter is 3,665 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1118 Ocean Ter is 2007.
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Rocket Homes›Florida›Palm Beach County›Delray Beach›33483›1118 Ocean Ter

This home is located at 1118 Ocean Ter in Delray Beach, FL and zip code 33483. This 3,665 square foot home was built in 2007. Features: 4 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 01, 2024 and is currently priced at $3,500,000.

In November 2024, from all listings sold in Delray Beach, FL there were more than 2 sold above asking price, over 129 sold below and more than 19 were sold right at the asked price. The inventory of homes for sale in Delray Beach, FL between October 2024 and November 2024 increased by 9.6%. While the average time on the market in November 2024 was 71 days, the median list price was $373,687.

From Rocket Homes Real Estate and based on county public records data.

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