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Pending

111 Reef Road

Esplanade Estates / Palm Beach Homes

$8,100,000 USD 9.0% Reduced $800,000

$8,100,000
9.0% Reduced $800,000

4 Beds | 3.1 Baths | 2,853 Sqft

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111 Reef Road

Esplanade Estates / Palm Beach Homes

$8,100,000
9.0% Reduced $800,000

4 Beds | 3.1 Baths | 2,853 Sqft Disagree?

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Pending

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ECHO FINE PROPERTIES

Property Highlights

MLS# : 22-867
Listing Type : Residential
Total Area : 4,169 sqft ($1,943/sqft)
Year Built : 1956
Days on Market : 307

Status : Pending
Living Area : 2,853 sqft ($2,840/sqft)
Subdivision : North Shore Add
Waterfront : Yes

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Property Details

This 4 bed 3 bath, two car garage move-in ready beach home with room for a pool is not in a flood zone and is sited on a 10,000 ft lot, one in from the ocean with a 9-foot elevation. Thus, you may enjoy the house as is, renovate or build new with no expense to raise the property height as it already is above FEMA minimum. Compare this with lower elevation lots that require +/- $175/foot to raise. This special property is entitled to join a private gated oceanfront cabana with private beach access one block away. There are only three oceanfront cabanas like this on the island. This one has the widest beach. The cabana is shared by three streets and has a nice structure, furniture, a fire pit, and running water. Residents can reserve the cabana for parties or enjoy their private oceanfront paradise! Under-house sewer pipes were replaced four years ago, recent HVAC and renovated master bath. Looking for a good value on the Island of Palm Beach? You just found it.

General Information

Acres: 0.23
Flooring: Hardwood, Parquet, Tile, W/W Carpeting
Roof: Metal
Total Building Sqft: 4,169
Zoning: Rb

Design: Bermuda

Parking: 2 Car, Attached

Style: Bermuda

Window Treatment: Impact Glass-Partial

Design: Bermuda
Parking: 2 Car, Attached
Style: Bermuda
Window Treatment: Impact Glass-Partial

Boating and Water Information

Waterfront: Yes

Fees and Membership

Tax Amount: $38,256

Tax Year: 2021

Tax Year: 2021

Listing Courtesy of Compass Florida LLC.

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ABOUT THE COMMUNITY

Esplanade Estates

Esplanade Estates is a pretty collection of unique homes located to the north of Palm Beach Island, stretching across the island with some properties enjoying Ocean or Intracoastal...

Features

No-Fee Community

Boating

Waterfront

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Esplanade Estates Market Stats

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Echo Fine Properties, winner of Best Brokerage of the Palm Beaches in 2020, 2021 and 2022, is located in Palm Beach Gardens, Florida. We are a family-owned local brokerage that prides itself on having the finest full time luxury real estate agents who know the area backward and forward. Each agent is hand selected to join us for their knowledge of the area including golf club communities, gated communities, equestrian and ranch estates, condominiums, and waterfront and boating estates. Echo is unique in real estate in that our company pays for all marketing, advertising, and all support which is handled in-house. WE PAY, which lets the agent concentrate on our customers. Unlike other firms, agents never have to compromise the marketing budget. Our Home ECHOnomics Guarantee offers an unheard of 57-promises. This website consists of 5 separate MLS feeds, giving 100% accuracy ranging from Miami to Fort Lauderdale to Palm Beach to Martin County.

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