There are only 23 ocean front single family homes ''in town'' on the Island of Palm Beach. There is only ONE available for purchase. Welcome home! 240 North Ocean Blvd is a spectacular oceanfront estate available on the island of Palm Beach in an A+ center of town location. This rare find is one of a few properties with a deeded private beach parcel directly on the sand. Spanning 100 feet, the private beach offers exclusive access to the pristine sands and Atlantic Ocean sapphire blue water. The home's elegant floor plan is designed around the stunning views, with communal areas overlooking the pool and ocean. Two primary suites face the ocean, while two guest suites share a sun deck to the West.
Property Details
Property Features
Property Information:
Architectural Style: Spanish
Year Built: 1992
Stories: 2
Living Area: 5,410 SqFt
Listing Office:
Office Name: Compass Florida LLC (PB)
Office Phone: (305) 851-2820
Listing Agent: Elizabeth DeWoody
Interior Features
Interior Information:
Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Gas Range, Refrigerator, Washer
Flooring Type: Tile
Interior: Entry Lvl Lvng Area, Fireplace(s), Foyer, French Door, Kitchen Island, Split Bedroom, Volume Ceiling, Walk-in Closet
This property is $36.7M more than the Median Sold Price and $6.2K/SqFt more than other homes in Palm Beach, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #RX-11034592
Listing Office:
Office Name: Compass Florida LLC (PB)
Office Phone: (305) 851-2820
Listing Agent: Elizabeth DeWoody
All 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
DATE
EVENT
PRICE
May 06, 2003
May 06, 2003Home Sold
$5,400,000
Sep 06, 2000
Sep 06, 2000Home Sold
$4,700,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$95,183
$5,754,621
2019
$95,007
$5,625,240
2018
$90,238
$5,520,353
2017
$90,302
$5,406,810
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$189.7K
Per Month
Principal & Interest
$189.6K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$113.9K
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Palm Beach Public School
239 Cocoanut Row
Distance between this listing and this school1.21 miles
Public Magnet Grades KG-5
5
/10
Pleasant City Elementary School
2222 Spruce Ave
Distance between this listing and this school1.42 miles
Public District Grades EE-5
5
/10
U. B. Kinsey/Palmview Elementary School
800 11th St
Distance between this listing and this school1.55 miles
Public Magnet Grades PK-5
Nearby Schools
4
/10
Roosevelt Community Middle School
1900 N Australian Ave
Distance between this listing and this school1.97 miles
Public Magnet Grades 6-8
2
/10
University Preparatory Academy Palm Beach
2101 N Australian Ave
Distance between this listing and this school2.09 miles
Public Charter Grades KG-8
4
/10
Academy for Positive Learning
2405 Mercer Ave
Distance between this listing and this school2.97 miles
Public Charter Grades KG-8
Nearby Schools
9
/10
Alexander W Dreyfoos Junior School of the Arts
501 S Sapodilla Ave
Distance between this listing and this school1.83 miles
Public Magnet Grades 9-12
2
/10
Alternative Program Central
1041 45th St
Distance between this listing and this school2.92 miles
Public District Grades 4-12
1
/10
Worthington High School
1711 Worthington Rd
Distance between this listing and this school3.25 miles
The neighbors living near this home have an average income of $216,931. Residents of Palm Beach, FL typically earn $200k+ each year. The majority of families are married, 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 240 N Ocean Blvd
What is the listing price of this property?
The listing price of 240 N Ocean Blvd property is $38,000,000.
What type of property is this?
The property 240 N Ocean Blvd is a house located in Palm Beach, Florida, 33480.
Is this property for sale now?
Active Listing: 240 N Ocean Blvd 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 $95,183 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 6, 2003 for $5,400,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 240 N Ocean Blvd has 5 bedrooms and 6 full and 2 half bathrooms.
What is the square footage of this property?
The property 240 N Ocean Blvd is 5,410 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 240 N Ocean Blvd is 1992.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 240 N Ocean Blvd in Palm Beach, FL and zip code 33480 in the North End neighborhood. This 5,410 square foot home was built in 1992. Features: 5 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $38,000,000.
In November 2024 more than 1 listings in Palm Beach, FL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 15 were sold below. In November 2024 in Palm Beach, FL there were 21.2% more homes for sale than in October 2024. The median list price of listings available in November 2024 was $1,275,000, while the average time on the real estate market was 119 days.
From Rocket Homes Real Estate and based on county public records data.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
PGA/LPGA
PGA/LPGA
Men's Tennis
Hiking/backpacking
Chico's
Bloomingdales
Nordstrom Rack
Bonefish Grill
Chipotle
California Pizza Kitchen
Cadillac
Lexus
Mazda
Classical
News
Rock