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111 Reef Road, Palm Beach FL 33480

House Recently Sold
$7,250,000

BTC: 120.03311258

ETH: 4,546.33815977

Sold on: 2023-12-29
46 days
4 bds
3 ba
2,853 sqft

Overview

Rare north-end 4 BR, 3.1 BA, with 2-car garage offering an easy laid-back opportunity to embrace Palm Beach's unique tranquility only one house away from the ocean & close Bike Trail access. Relax in the covered-loggia or the nearby shared oceanfront cabana with a covered area, patio furniture, fire pit & running water. This home is on one of the highest elevations on Reef Road. Move-in ready with a new primary bath & impact windows. Should you prefer to renovate more fully, the property includes Architectural Com. (ARCOM) approved plans by Tralango & Taylor including a bar, gym, 50' lap pool, outdoor fireplace, landscaping & other luxury features. The north-end is home to the quietest beaches on Palm Beach & is only a 10 minute drive from The Royal, Worth Ave., restaurants & markets.

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Parking Garage
Year Built:
1956
Lot:
0.23 Acres
Heating:
Central
Price/sqft:
$2,978
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,749,000
$508K – $9.1M
Confidence Low
List vs. estimate
$6.7M above estimate
List $8,495,000 · +385.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$2,977
+590.2% vs. city median $431
Based on
6 MLS comparables
+ 9 public-records sales within 0.5 mi
Median actual sale: $37.0M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$47,850
2022
Garage
2 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Floor

    • Parquet

    • Wood

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Free-Standing Freezer

    • Refrigerator

    Other interior features

    • No Interior Features

    • Den/Library/Office

    • Utility Room/Laundry

    • Workshop

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 1

    • Full bathrooms: 3

  • Parking

    • 2 Or More Spaces

    • Parking Garage

    Property

    • Levels: 2

    Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 50434234090000063

    • Zoning: R-B(ci

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Sewer Connected

    • Water Connected

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $47,850

  • Source details

    • MLS ID: R10930774

    Other facts

    • Construction Materials: CBS Construction

    • Laundry Features: Laundry Room / Utility Room/Laundry

    • Lot Features: Less Than 1/4 Acre Lot

    • Patio And Porch Features: Patio

    • Window Features: Partial Impact Glass / Hurricane Shutters

    • Direction Faces: South

    • Other Structures: Livable

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2853

    • Water Source: Public

    • Subdivision Name: NORTH SHORE

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: The Corcoran Group