3 months on rocket

250 Ocean Ter, Palm Beach, FL, 33480

$21,900,000

5 Bedrooms
5 Full Baths, 1 Partial
4,463 SqFt
$4,907/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage - Attached
Attached Garage2 spaces
Year Built2018
HeatingCentral, Zoned
CoolingCentral Air, Zoned
WaterfrontNone
Private PoolYes
MLS #RX-11006219
StatusActive

About 250 Ocean Ter

Located on Palm Beach's quiet and serene North End and custom built in 2018, this single story modern island home is nothing short of stunning. The iridescent Abalone shell terrazzo flooring is wonderfully unique creating the perfect ambiance for a relaxing beach house retreat. Natural light fills the formal living & dining rooms through magnificent skylights where dramatic recessed lighting highlights the built-in 400 bottle glass & stainless steel back lit refrigerated wine cooler and elegant wood paneled walls. Reglet moldings, decorative warm toned wood ceiling inserts, smart house lighting, modern stainless light and plumbing fixtures, plantation shutters & electric sunshades in the bedrooms are just a few of the many high quality appointments in this seaside home. The transomed

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2018
  • Stories: 1
  • Living Area: 4,463 SqFt

Listing Office:

  • Office Name: William Raveis South Florida
  • Office Phone: (561) 655-6570
  • Listing Agent: Stephen Simpson

Interior Features

Interior Information:

  • Appliances: Automatic Garage Door Opener, Dishwasher, Dryer, Freezer, Whole Home Generator, Refrigerator, Oven, Washer
  • Flooring Type: Terrazzo Floor, Wood Floor
  • Interior: Closet Cabinets, Foyer, Kitchen Island, Walk-in Closet, Wet Bar

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: None
  • Exterior: Covered Patio, Custom Lighting

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Garage - Attached

Virtual/3D Tour

  • Virtual Tour: 250 Ocean Ter
Virtual Tour

Utilities

Utilities Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $21,900,000
  • Price Per SqFt: $4,907/SqFt

Tax Information:

  • Annual Amount: $95,156
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$1.2M

Med. Price/SqFt

$795

Avg. Days On Market

116

# of Sold Homes

12

250 Ocean Ter vs Palm Beach

118 DAYS ON ROCKET

+2 Days

$21,900,000

+$20.6M More

$4,907/SqFt

+$4.1K More

KEY TAKEAWAY

This property is $20.6M more than the Median Sold Price and $4.1K/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-11006219

Listing Office:

  • Office Name: William Raveis South Florida
  • Office Phone: (561) 655-6570
  • Listing Agent: Stephen Simpson

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: 11/17/2024, 7:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 07, 2019Home Sold
$7,455,000
Jul 02, 2014Home Sold
$2,000,000

Tax History

YEARPROP. TAXASSESSMENT
2020$95,156$5,758,669
2019$75,009$4,482,092
2018$37,489$2,340,324
2017$38,137$2,329,418

History based on county public records data.

Payment Calculator

$109.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$65.7K

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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-554843
6
/10
  • Northboro Elementary School

  • 400 40th St

  • 1.16 miles

  • Public Magnet Grades PK-5

school-card-donut-554844
4
/10
  • Northmore Elementary School

  • 4111 N Terrace Dr

  • 1.62 miles

  • Public District Grades PK-5

school-card-donut-554845
3
/10
  • West Riviera Elementary School

  • 1057 W 6th St

  • 1.89 miles

  • Public District Grades EE-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $148,936. Residents of Palm Beach, FL typically earn between $100k-200k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 250 Ocean Ter

What is the listing price of this property?

The listing price of 250 Ocean Ter property is $21,900,000.

What type of property is this?

The property 250 Ocean Ter is a house located in Palm Beach, Florida, 33480.

Is this property for sale now?

Active Listing: 250 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 $95,156 (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 7, 2019 for $7,455,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 250 Ocean Ter has 5 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 250 Ocean Ter is 4,463 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 250 Ocean Ter is 2018.
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Rocket Homes›Florida›Palm Beach County›Palm Beach›33480›250 Ocean Ter

This home is located at 250 Ocean Ter in Palm Beach, FL and zip code 33480 in the North End neighborhood. This 4,463 square foot home was built in 2018. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since July 22, 2024 and is currently priced at $21,900,000.

In October 2024 more than 0 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 12 were sold below. In October 2024 in Palm Beach, FL there were 19.1% more homes for sale than in September 2024. In October 2024, listings were on the market for 116 days. During the same period, the median list price in this real estate market was $1,275,000.

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

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