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Sold for $21,000,000
  • $21,000,000

    242 Wells Rd, Palm Beach, FL 33480

    4beds
    5,988sqft
    Single Family Residence, Residential
    Built in 2006
    0.45 Acres Lot
    $21,093,400 Zestimate®
    $3,507/sqft
    $112,560 Estimated rent

    Home value

    $21,093,400

    $18.98M - $23.41M

    $112,560/mo

    Zestimate® history
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    What's special

    Stately fireplacePrivate elevatorLuxurious interiorsBreathtaking poolElegant sitting roomTop-tier appliancesExpansive primary suite
    This extraordinary estate at 242 Wells Road combines classic French Provincial architecture with timeless elegance, offering an unparalleled lifestyle on one of Palm Beach's most prestigious streets. This magnificent 7,460 total sq. ft. French Provincial masterpiece is nestled on a sprawling 19,500 sq. ft. lot in the heart of Palm Beach. This stately manor, with its steep-pitched slate roof, symmetrical façade, and stone surrounds, exudes Old World charm and impeccable craftsmanship. The home's architectural grandeur is enhanced by graceful balustrades and meticulously sculptured landscaping, creating a serene and sophisticated retreat. Step inside to find luxurious interiors adorned with gleaming hardwood and marble floors showcasing exceptional attention to detail. A grand staircase, a stunning centerpiece of the foyer, welcomes you with its sweeping elegance, complemented by a private elevator. The residence offers 4 spacious bedrooms, 6 beautifully appointed bathrooms, and one half bath, fully furnished for effortless move-in elegance. The crown jewel is the expansive primary suite, featuring an expansive balcony overlooking the breathtaking pool and lush, professionally curated gardens. This serene retreat includes his-and-hers walk-in closets, separate opulent bathrooms with high-end finishes, and an elegant sitting room, perfect for quiet relaxation or intimate gatherings. A generously appointed guest suite also boasts its own balcony, offering stunning views of the tranquil outdoor oasis. Entertain with unparalleled style in the formal dining room, ideal for grand gatherings, seamlessly connected to a large butler's pantry and wet bar equipped for effortless hosting. The eat-in kitchen, a chef's dream, blends modern functionality with classic design, featuring top-tier appliances and ample space for casual dining. A stately fireplace anchors the formal living room, while a refined library provides an ideal space for work or leisure. Step outside to the large wraparound loggia or the luxurious balconies off the primary and guest suites, all offering captivating views of the expansive pool and gardens. The estate is complete with a 3-car garage with ample storage.

    Zillow last checked:

    Listing updated:

    Listed by:

    PAULA WITTMANN 561-373-2666,

    William Raveis Real Estate,

    MICHELLE NOGA 561-801-3885

    Bought with:

    MARGIT M BRANDT, SL-3430177

    Premier Estate Properties, Inc.

    Source: Palm Beach BOR,MLS#: 25-1423

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 7
    • Full bathrooms: 6
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: Second
    • Area: 357
    • Dimensions: 21 x 17
    Bedroom 2
    • Level: Second
    • Area: 238
    • Dimensions: 17 x 14
    Bedroom 3
    • Level: Second
    • Area: 272
    • Dimensions: 16 x 17
    Bedroom 4
    • Level: Second
    • Area: 154
    • Dimensions: 14 x 11
    Dining room
    • Level: First
    • Area: 261
    • Dimensions: 18 x 14.5
    Family room
    • Level: First
    • Area: 357
    • Dimensions: 21 x 17
    Garage
    • Level: First
    • Area: 672
    • Dimensions: 21 x 32
    Kitchen
    • Level: First
    • Area: 280
    • Dimensions: 20 x 14
    Library
    • Level: First
    • Area: 280
    • Dimensions: 14 x 20
    Living room
    • Level: First
    • Area: 442
    • Dimensions: 26 x 17
    Office
    • Level: Second
    • Area: 140
    • Dimensions: 14 x 10
    Heating
    • Central, Zoned
    Cooling
    • Central Air, Zoned
    Appliances
    • Included: Refrigerator, Freezer, Electric Range, Dishwasher, Microwave, Disposal, Washer, Dryer, Ice Maker, Wine Refrigerator, Oven
    Features
    • Central Vacuum, Sound System, Wet Bar, Ceiling Fan(s), Elevator, Bidet, Storage, Pantry
    • Flooring: Marble, Hardwood
    • Windows: Window Treatments, Impact Glass-Full, Impact Windows
    • Has fireplace: Yes
    • Fireplace features: Fireplace
    Interior area
    • Total structure area: 7,460
    • Total interior livable area: 5,988 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Attached, Garage Door Opener
    • Attached garage spaces: 3
    Features
    • Levels: Two
    • Patio & porch: Patio
    • Exterior features: Balcony, Sprinkler System
    • Has private pool: Yes
    • Pool features: Gas Heat, Fresh Water
    • Waterfront features: None
    Lot
    • Size: 0.45 Acres
    • Dimensions: 100
    Details
    • Parcel number: 50434314070000240
    • Zoning: R-B - Low Density Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence, Residential
    Materials
    • Block, Stucco
    • Roof: Slate
    Condition
    • Year built: 2006

    Utilities & green energy

    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $3,507/sqft
    • Tax assessed value: $13,794,406
    • Annual tax amount: $169,506
    • Date on market: 10/3/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/26/2026Sold$21,000,000-10.6%$3,507/sqft
    Source: Palm Beach BOR #25-1423 Report a problem
    4/27/2026Pending sale$23,500,000$3,925/sqft
    Source: BeachesMLS #R11129330 Report a problem
    3/4/2026Price change$23,500,000-11.3%$3,925/sqft
    Source: Palm Beach BOR #25-1423 Report a problem
    10/3/2025Listed for sale$26,500,000+641.3%$4,426/sqft
    Source: BeachesMLS #RX-11129330 Report a problem
    6/25/2004Sold$3,575,000+24.3%$597/sqft
    Source: Public Record Report a problem
    3/25/2004Sold$2,875,000$480/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$169,486 -1.2%$9,603,103 +10%
    2024$171,623 +7.2%$8,730,094 +10%
    2023$160,132 +18.9%$7,936,449 +10%
    2022$134,696 +23.7%$7,214,954 +10%
    2021$108,915 +9.2%$6,559,049 +10%
    2020$99,761 +0.1%$5,962,772 +1.8%
    2019$99,681 $5,857,217 -19.6%
    2018$99,681 -17%$7,282,166 +7.8%
    2017$120,101 +5.5%$6,752,239 +4.5%
    2016$113,865 +2.3%$6,460,423 +2.8%
    2015$111,290 +3.9%$6,281,492 +6.6%
    2014$107,098 +2.4%$5,892,400 +1.8%
    2013$104,605 +6.1%$5,786,916 +8.8%
    2012$98,596 +8.5%$5,317,754 +10%
    2011$90,900 -2.1%$4,834,322 -1.1%
    2010$92,843 -6.3%$4,889,031 -9.7%
    2009$99,130 +6.1%$5,411,649 -1.6%
    2008$93,393 +10.8%$5,499,549 +10%
    2007$84,304 +29.7%$5,001,100 +41.9%
    2006$65,003 +134.7%$3,525,410 +38.7%
    2004$27,700 +17543.1%$2,541,453 +21%
    2003$157 -99.1%$2,100,174 +131.2%
    2002$17,929 +0.3%$908,383 +1.6%
    2001$17,882 +2%$894,078 +3%
    2000$17,536 +3.2%$868,037 -29%
    1999$16,984 $1,223,224
    Find assessor info on the county website

    Neighborhood: 33480

    Nearby schools

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    Estimated market value
    $21,093,400
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    Estimated market value
    $21,093,400