This absolutely stunning Old Palm Beach style custom estate designed by Tom Kirchhoff and featured in Architectural Digest is in outstanding condition on one of the most desirable north end streets with direct beach and Lake Trail street access. Meticulous and thoughtful, its many details include well scaled rooms, ultra high ceilings, downstairs primary suite with dual baths and bay window overlooking the lush gardens by Mario Nievera. Its free flowing floor plan includes an open kitchen, breakfast and family room, formal dining room, library, two amazing outdoor loggias, gracious two story foyer, beautiful millwork and pecky cypress. This is one of the most serene properties with a fabulous pool and spa to relax and enjoy everything harmonious for wonderful indoor/outdoor living.
This property is $17.2M more than the Median Sold Price and $3K/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-10983446
Listing Office:
Office Name: The Corcoran Group
Office Phone: (561) 655-9081
Listing Agent: Dana L. Koch
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
Feb 14, 2013
Feb 14, 2013Home Sold
$4,712,500
May 19, 2009
May 19, 2009Home Sold
$4,583,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$96,939
$5,882,447
2019
$89,808
$5,227,903
2018
$80,447
$4,752,639
2017
$73,117
$4,320,581
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.
$92.4K
Per Month
Principal & Interest
$92.3K
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
$55.5K
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 school1.14 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 school1.95 miles
Public District Grades EE-5
Nearby Schools
4
/10
Roosevelt Community Middle School
1900 N Australian Ave
Distance between this listing and this school2.59 miles
Public Magnet Grades 6-8
2
/10
University Preparatory Academy Palm Beach
2101 N Australian Ave
Distance between this listing and this school2.63 miles
Public Charter Grades KG-8
10
/10
Bak Middle School of the Arts
1725 Echo Lake Dr
Distance between this listing and this school2.91 miles
Public Magnet Grades 6-8
Nearby Schools
2
/10
Alternative Program Central
1041 45th St
Distance between this listing and this school1.78 miles
Public District Grades 4-12
6
/10
Inlet Grove Community High School
600 W 28th St
Distance between this listing and this school2.42 miles
Public Charter Grades 9-12
9
/10
Suncoast Community High School
1717 Avenue S
Distance between this listing and this school2.90 miles
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. Most families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 259 Merrain Rd
What is the listing price of this property?
The listing price of 259 Merrain Rd property is $18,500,000.
What type of property is this?
The property 259 Merrain Rd is a house located in Palm Beach, Florida, 33480.
Is this property for sale now?
Active Listing: 259 Merrain 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 $96,939 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 14, 2013 for $4,712,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 259 Merrain Rd has 5 bedrooms and 6 full and 1 half bathrooms.
What is the square footage of this property?
The property 259 Merrain Rd is 4,842 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 259 Merrain Rd is 2001.
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 259 Merrain Rd in Palm Beach, FL and zip code 33480 in the North End neighborhood. This 4,842 square foot home was built in 2001. Features: 5 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since May 01, 2024 and is currently priced at $18,500,000.
While more than 1 listings in Palm Beach, FL in November 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 15 were sold below. The number of homes for sale in Palm Beach, FL increased by 21.2% between October 2024 and November 2024. While the average time on the market in November 2024 was 119 days, the median list price was $1,275,000.
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