2 months on rocket

12088 Banyan Rd, North Palm Beach, FL, 33408

$59,500,000

9 Bedrooms
12 Full Baths, 5 Partial
18,852 SqFt
$3,156/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingGarage - Attached
Attached Garage9 spaces
Year Built2008
HeatingCentral, Electric, Zoned
CoolingCentral Air, Electric, Zoned
WaterfrontOcean Front
FireplaceFireplace(s)
ViewOcean
Private PoolYes
MLS #RX-11028950
StatusActive

About 12088 Banyan Rd

Nestled on a secluded stretch of Seminole beach and lining the azure waters of the Atlantic Ocean stands one of South Florida's most prestigious double gated oceanfront estates, Bel Viaggio. Boasting 190+/- ft. of ocean frontage and situated on approx. 2.9+/- acres of land this custom 9 bedroom 12 full and 5 half bath estate is tucked away in the North Palm Beach neighborhood of Seminole Landing, one of the only private gated oceanfront communities in the country. Artful thought and design went into every space of this seamless 37,000+/- floorplan of total sq. ft. maximizing the stunning ocean views and immaculate grounds. Curated by architect and Palm Beach preservationist, Gene Pandula, interior designer Ray Clark and master landscape architect, Howard Ostrout Jr.

Property Details

Property Features

Property Information:

  • Architectural Style: Mediterranean
  • Year Built: 2008
  • Stories: 2
  • Living Area: 18,852 SqFt

Listing Office:

  • Office Name: Douglas Elliman (Palm Beach)
  • Office Phone: (561) 655-8600
  • Listing Agent: Christopher Leavitt

Interior Features

Interior Information:

  • Appliances: Central Vacuum, Dishwasher, Dryer, Freezer, Generator Hookup, Microwave, Gas Range, Refrigerator, Washer
  • Flooring Type: Carpet, Marble, Tile, Wood Floor
  • Interior: Elevator, Fireplace(s), French Door, Pantry, Walk-in Closet, Wet Bar
  • Fireplace: Fireplace(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 5
  • Full Bathrooms: 12
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Ocean Front
  • View: Ocean
  • Exterior: Auto Sprinkler

Parking Information:

  • Garage Space: 9 spaces
  • Attached Garage: Yes
  • Parking: Garage - Attached

Virtual/3D Tour

  • Virtual Tour: 12088 Banyan Rd
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Utilities

Utilities Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $59,500,000
  • Price Per SqFt: $3,156/SqFt

HOA Fees:

  • Amount: $1266
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $417,867
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$549.9K

Med. Price/SqFt

$371

Avg. Days On Market

119

# of Sold Homes

16

12088 Banyan Rd vs North Palm Beach

70 DAYS ON ROCKET

-49 Days

$59,500,000

+$58.9M More

$3,156/SqFt

+$2.7K More

KEY TAKEAWAY

This property is $58.9M more than the Median Sold Price and $2.7K/SqFt more than other homes in North Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-11028950

Listing Office:

  • Office Name: Douglas Elliman (Palm Beach)
  • Office Phone: (561) 655-8600
  • Listing Agent: Christopher Leavitt

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: 12/26/2024, 2:20:51 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

Jun 14, 2021Home Sold
$39,500,000
May 25, 2001Home Sold
$3,900,000

Tax History

YEARPROP. TAXASSESSMENT
2020$417,867$23,671,027
2019$338,357$18,967,652
2018$321,973$18,613,986
2017$320,666$18,231,132

History based on county public records data.

Payment Calculator

$298.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$178.4K

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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-1591462
5
/10
  • Allamanda Elementary School

  • 10300 Allamanda Dr

  • 2.58 miles

  • Public Magnet Grades PK-5

school-card-donut-1591463
7
/10
  • Palm Beach Gardens Elementary School

  • 10060 Riverside Dr

  • 3.39 miles

  • Public Magnet Grades PK-5

school-card-donut-1591464
9
/10
  • Beacon Cove Intermediate School

  • 150 Schoolhouse Rd

  • 3.96 miles

  • Public District Grades 3-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $177,333. The majority of North Palm Beach, FL residents have income $200k+ annually. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 12088 Banyan Rd

What is the listing price of this property?

The listing price of 12088 Banyan Rd property is $59,500,000.

What type of property is this?

The property 12088 Banyan Rd is a house located in North Palm Beach, Florida, 33408.

Is this property for sale now?

Active Listing: 12088 Banyan Rd 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 $417,867 (source: MLS/based on county public records data).

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

The last sale was on June 14, 2021 for $39,500,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 12088 Banyan Rd has 9 bedrooms and 12 full and 5 half bathrooms.

What is the square footage of this property?

The property 12088 Banyan Rd is 18,852 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 12088 Banyan Rd is 2008.
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Rocket Homes›Florida›Palm Beach County›North Palm Beach›33408›12088 Banyan Rd

This home is located at 12088 Banyan Rd in North Palm Beach, FL and zip code 33408 in the Seminole Golf Club neighborhood. This 18,852 square foot home was built in 2008. Features: 9 bedrooms, 17 bathrooms. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $59,500,000.

In November 2024 more than 0 listings in North Palm Beach, FL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 13 were sold below. The number of homes for sale in North Palm Beach, FL increased by 8% between October 2024 and November 2024. The median list price of listings available in November 2024 was $549,933, while the average time on the real estate market was 119 days.

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

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