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Sold for $4,900,000
  • $4,900,000

    228 Phipps Plz, Palm Beach, FL 33480

    2beds
    1,318sqft
    Single Family Residence, Residential
    Built in 1941
    7,840 Square Feet Lot
    $4,922,600 Zestimate®
    $3,718/sqft
    $5,826 Estimated rent

    Home value

    $4,922,600

    $4.43M - $5.46M

    $5,826/mo

    Zestimate® history
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    What's special

    Secluded settingClassic florida-style cottageSurrounded by lush greenery
    Walk back through time as you approach architect Howard Major's personal cottage nestled in historic Phipps Plaza, one block from the Ocean in midtown Palm Beach. Built in 1941 by the renowned architect and landmarked, the classic, Florida-style cottage sits in a secluded setting in the Phipps Plaza cul-de-sac, surrounded by lush greenery. Included in the purchase is an adjoining landscaped lot which has the potential for a pool or water feature.

    Zillow last checked:

    Listing updated:

    Listed by:

    PAT S McINERNEY 561-758-0759,

    Brown Harris Stevens of Palm Beach 6598

    Bought with:

    DARLENE STREIT, 3496596

    The Corcoran Group

    Source: Palm Beach BOR,MLS#: 25-296

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Florida room
    • Level: First
    • Area: 208
    • Dimensions: 26 x 8
    Kitchen
    • Level: First
    • Area: 66
    • Dimensions: 11 x 6
    Living room
    • Level: First
    • Area: 280
    • Dimensions: 20 x 14
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Refrigerator, Gas Range, Dishwasher, Microwave, Disposal, Washer, Dryer, Oven
    Features
    • Central Vacuum, Storage
    • Flooring: Hardwood
    • Windows: Double Hung
    • Has fireplace: Yes
    • Fireplace features: Fireplace
    Interior area
    • Total structure area: 1,579
    • Total interior livable area: 1,318 sqft

    Property

    Parking
    • Parking features: No Garage
    Features
    • Levels: One
    • Patio & porch: Patio
    • Pool features: None
    • Waterfront features: None
    Lot
    • Size: 7,840 Square Feet
    • Features: Irregular Lot
    Details
    • Parcel number: 50434322090000051
    • Zoning: RC

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence, Residential
    Materials
    • Block, Stucco
    • Roof: Asphalt
    Condition
    • Year built: 1941

    Utilities & green energy

    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Security: No Security
    • Subdivision: Plaza Pl
    Location
    • Region: Palm Beach

    Financial & listing details

    • Price per square foot: $3,718/sqft
    • Tax assessed value: $4,772,844
    • Annual tax amount: $43,913
    • Date on market: 2/14/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/25/2026Sold$4,900,000-6.7%$3,718/sqft
    Source: Palm Beach BOR #25-296 Report a problem
    5/28/2026Pending sale$5,250,000$3,983/sqft
    Source: BeachesMLS #R11062550 Report a problem
    5/4/2026Price change$5,250,000-4.5%$3,983/sqft
    Source: BeachesMLS #R11062550 Report a problem
    1/26/2026Price change$5,495,000-8.3%$4,169/sqft
    Source: Palm Beach BOR #25-296 Report a problem
    11/4/2025Price change$5,995,000-7.7%$4,549/sqft
    Source: BeachesMLS #RX-11062550 Report a problem
    3/25/2025Price change$6,495,000-3.8%$4,928/sqft
    Source: BeachesMLS #RX-11062550 Report a problem
    2/14/2025Listed for sale$6,750,000+610.5%$5,121/sqft
    Source: Palm Beach BOR #25-296 Report a problem
    8/23/2007Sold$950,000$721/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$47,224 +7.5%$1,889,938 +10%
    2024$43,913 +18.6%$1,718,125 +10%
    2023$37,038 +36.2%$1,561,932 +10%
    2022$27,189 +18.2%$1,419,938 +10%
    2021$22,996 +13.7%$1,290,853 +10%
    2020$20,230 +8%$1,173,503 +10%
    2019$18,724 $1,066,821 -1.7%
    2018$18,724 +1.1%$1,085,510 +10%
    2017$18,516 +7.3%$986,626 +7.6%
    2016$17,255 +5.1%$916,995 +10%
    2015$16,416 +16.5%$833,632 +10%
    2014$14,089 +5.4%$757,992 +5.1%
    2013$13,365 +8%$721,479 +10%
    2012$12,375 -16.6%$655,890 -14.9%
    2011$14,840 +8.7%$771,110 +9.9%
    2010$13,649 -3.4%$701,341 -6.9%
    2009$14,133 +12.8%$753,316 +4.8%
    2008$12,533 -18.6%$718,725 -19.9%
    2007$15,393 -8.6%$897,557 -0.3%
    2006$16,839 $899,818 +29.1%
    2005-- $697,014 +24.4%
    2004$6,107 +2423.7%$560,348 +2.9%
    2003$242 -97.8%$544,707 -0.3%
    2002$11,101 +9.8%$546,292 +11.4%
    2001$10,108 +11.6%$490,284 +13%
    2000$9,056 +19.7%$434,034 +18.8%
    1999$7,567 $365,201
    Find assessor info on the county website

    Neighborhood: 33480

    Nearby schools

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    Estimated market value
    $4,922,600
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,922,600