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 Palm Beach LLC
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
This property is $18.6M more than the Median Sold Price and $3.6K/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 Palm Beach LLC
Office Phone: (561) 655-6570
Listing Agent: Stephen Simpson
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, 8:20:53 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 07, 2019
May 07, 2019Home Sold
$7,455,000
Jul 02, 2014
Jul 02, 2014Home Sold
$2,000,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$99.3K
Per Month
Principal & Interest
$99.3K
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
$59.7K
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
6
/10
Northboro Elementary School
400 40th St
Distance between this listing and this school1.16 miles
Public Magnet Grades PK-5
4
/10
Northmore Elementary School
4111 N Terrace Dr
Distance between this listing and this school1.62 miles
Public District Grades PK-5
3
/10
West Riviera Elementary School
1057 W 6th St
Distance between this listing and this school1.89 miles
Public District Grades EE-5
Nearby Schools
4
/10
Roosevelt Community Middle School
1900 N Australian Ave
Distance between this listing and this school2.62 miles
Public Magnet Grades 6-8
2
/10
University Preparatory Academy Palm Beach
2101 N Australian Ave
Distance between this listing and this school2.66 miles
Public Charter Grades KG-8
10
/10
Bak Middle School of the Arts
1725 Echo Lake Dr
Distance between this listing and this school2.89 miles
Public Magnet Grades 6-8
Nearby Schools
2
/10
Alternative Program Central
1041 45th St
Distance between this listing and this school1.76 miles
Public District Grades 4-12
6
/10
Inlet Grove Community High School
600 W 28th St
Distance between this listing and this school2.34 miles
Public Charter Grades 9-12
9
/10
Suncoast Community High School
1717 Avenue S
Distance between this listing and this school2.84 miles
The neighbors living near this home have an average income of $148,936. The most common annual income of people living in Palm Beach, FL is between $100k-200k. The majority of families are 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 250 Ocean Ter
What is the listing price of this property?
The listing price of 250 Ocean Ter property is $19,900,000.
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.
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 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 $19,900,000.
Over 1 listings were sold over their listed price in November 2024 in Palm Beach, FL. In the same period over 15 listings were sold below the listed price and 0 listings were sold for the listed price. The inventory of homes for sale in Palm Beach, FL between October 2024 and November 2024 increased by 21.2%. Listings spent 119 days on the market in November 2024, and had a median list price of $1,275,000 during the same period.
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. 
Men's Tennis
Men's Tennis
PGA/LPGA
Skiing/snowboarding
Bloomingdales
Chico's
Nordstrom
Bonefish Grill
California Pizza Kitchen
Chipotle
Lexus
Cadillac
BMW
News
Classical
Talk/Personality