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Sold for $9,280,000
    • $9,280,000

    123 Australian Ave, Palm Beach, FL 33480

    4beds
    3,696sqft
    Single Family Residence, Residential
    Built in 1924
    6,969 Square Feet Lot
    $10,212,600 Zestimate®
    $2,511/sqft
    $62,151 Estimated rent

    Home value

    $10,212,600

    $9.19M - $11.54M

    $62,151/mo

    Zestimate® history
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    What's special

    High elevation and 2nd floor ocean views make this freshly renovated, Mediterranean-style home very special. There are three generous bedrooms in the main house, including one with broad views east to the water. All three feature new en-suite baths. The primary suite has been brilliantly rethought with a large, updated private bath and extensive closet space. This non-landmarked house is the perfect blend of 1920's Palm Beach Spanish architecture with modern convenience and sensibilities. Pool-side, a charming guest house includes a fresh and modern downstairs entertaining area along with a light and bright guest suite above. New roof, new AC, new hurricane screens and an up-to-date kitchen make this the perfect spot for a buyer who's looking to be move-in ready for next season. The ocean block of Australian Avenue is the ideal in-town neighborhood - just steps from the beach and Worth Avenue shops and restaurants.

    Zillow last checked:

    Listing updated:

    Listed by:

    LISA CREGAN 847-910-1303,

    Sotheby's International Realty, Inc.,

    JOHN CREGAN 847-651-7210

    Bought with:

    CRISTA FANJUL RYAN, SL-451844

    Tina Fanjul Associates, Inc.

    Source: Palm Beach BOR,MLS#: 24-996

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Zoned
    Cooling
    • Zoned
    Appliances
    • Included: Refrigerator, Freezer, Gas Range, Dishwasher, Microwave, Disposal, Washer, Dryer, Ice Maker, Oven
    Features
    • Ceiling Fan(s)
    • Flooring: Tile, Hardwood
    • Windows: Other, Storm Shutters
    • Has fireplace: Yes
    • Fireplace features: Fireplace
    Interior area
    • Total structure area: 3,794
    • Total interior livable area: 3,696 sqft

    Property

    Parking
    • Parking features: No Garage
    Features
    • Levels: Two
    • Patio & porch: Patio
    • Has private pool: Yes
    • Waterfront features: None
    Lot
    • Size: 6,969 Square Feet
    • Dimensions: 50
    Details
    • Additional structures: Guest House
    • Parcel number: 50434323050280510
    • Zoning: 50- Rb - Rb (50-Palm Beach)

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Spanish,Mediterranean
    • Property subtype: Single Family Residence, Residential
    Materials
    • Hollow Tile, Frame
    • Roof: Barrel
    Condition
    • Year built: 1924

    Utilities & green energy

    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Security: Smoke Detector(s), Security System
    • Subdivision: Tropic Isle
    Location
    • Region: Palm Beach

    Financial & listing details

    • Price per square foot: $2,511/sqft
    • Tax assessed value: $7,668,513
    • Annual tax amount: $85,895
    • Date on market: 6/25/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    8/27/2024Sold$9,280,000-11.6%$2,511/sqft
    Source: Palm Beach BOR #24-996 Report a problem
    8/2/2024Pending sale$10,500,000$2,841/sqft
    Source: Palm Beach BOR #24-996 Report a problem
    6/25/2024Listed for sale$10,500,000-8.7%$2,841/sqft
    Source: Palm Beach BOR #24-996 Report a problem
    6/16/2024Listing removed--
    Source: Palm Beach BOR #23-2037 Report a problem
    4/1/2024Price change$11,495,000-4.2%$3,110/sqft
    Source: Palm Beach BOR #23-2037 Report a problem
    1/16/2024Listed for sale$11,995,000$3,245/sqft
    Source: Palm Beach BOR #23-2037 Report a problem
    11/21/2023Listing removed--
    Source: Palm Beach BOR #23-1107 Report a problem
    6/29/2023Listed for sale$11,995,000+147.3%$3,245/sqft
    Source: Palm Beach BOR #23-1107 Report a problem
    1/10/2021Listing removed--
    Source: Douglas Elliman Report a problem
    1/8/2021Pending sale$4,850,000+15.5%$1,312/sqft
    Source: Douglas Elliman #RX-10654851 Report a problem
    1/6/2021Sold$4,200,000-13.4%$1,136/sqft
    Source: Palm Beach BOR #20-1542 Report a problem
    1/1/2021Pending sale$4,850,000$1,312/sqft
    Source: Douglas Elliman #RX-10654851 Report a problem
    12/31/2020Listed for sale$4,850,000$1,312/sqft
    Source: Douglas Elliman #RX-10654851 Report a problem
    12/31/2020Pending sale$4,850,000$1,312/sqft
    Source: Douglas Elliman #RX-10654851 Report a problem
    12/30/2020Listed for sale$4,850,000$1,312/sqft
    Source: Douglas Elliman #RX-10654851 Report a problem
    12/30/2020Pending sale$4,850,000$1,312/sqft
    Source: Douglas Elliman #RX-10654851 Report a problem
    9/15/2020Listed for sale$4,850,000+810.8%$1,312/sqft
    Source: Douglas Elliman #20-1542 Report a problem
    11/19/1996Sold$532,500$144/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$115,181 +26.4%$7,668,513 +35.3%
    2024$91,092 +6.1%$5,667,605 +10%
    2023$85,894 +16.7%$5,152,368 +10%
    2022$73,626 +45.4%$4,683,971 +53.4%
    2021$50,650 +285.1%$3,053,359 +296.2%
    2020$13,151 +0.6%$770,664 +2.3%
    2019$13,072 $753,337 +1.9%
    2018$13,072 +4.6%$739,290 +2.1%
    2017$12,497 +0.2%$724,084 +2.1%
    2016$12,475 +5.2%$709,191 +0.7%
    2015$11,855 -3.7%$704,261 +0.8%
    2014$12,311 +2.5%$698,672 +1.9%
    2013$12,006 +0.2%$685,514 +1.7%
    2012$11,984 +0.7%$674,055 +3%
    2011$11,896 +15.7%$654,422 +4.3%
    2008$10,278 +2%$627,173 +3%
    2007$10,080 -6%$608,906 +2.5%
    2006$10,728 $594,055 +3%
    2005-- $576,752 +3%
    2004$5,831 +2703.1%$559,953 +1.9%
    2003$208 -98%$549,512 +2.4%
    2002$10,507 +0.3%$536,633 +1.6%
    2001$10,476 +2%$528,182 +3%
    2000$10,270 +4.5%$512,798 -21.1%
    1999$9,828 $649,570
    Find assessor info on the county website

    Neighborhood: 33480

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    Estimated market value
    $10,212,600
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    Estimated market value
    $10,212,600

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