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Sold for $10,900,000
    • $10,900,000

    285 Colonial Lane, Palm Beach, FL 33480

    8beds
    5,823sqft
    Single Family Residence
    Built in 1962
    0.32 Acres Lot
    $12,313,200 Zestimate®
    $1,872/sqft
    $-- Estimated rent

    Home value

    $12,313,200

    $10.59M - $14.41M

    Not available

    Zestimate® history
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    What's special

    Located on the highly desired North End of Palm Beach, this two-story residence offers a contemporary design with luxurious finishes throughout. The state-of-the-art kitchen is a highlight of this home, perfect for those who appreciate modern architecture. The property boasts a spacious pool and spa, along with a charming guest cabana. With a total of 8 bedrooms and 8.5 bathrooms, this home offers ample space for comfort and relaxation. Recent enhancements include new lighting fixtures, outdoor loggia screens, fresh landscaping, surveillance cameras, and smart home devices. Colonial Lane offers a tranquil beach cabana area with shaded palm trees, dining tables, an outdoor shower, and comfortable lounge furniture.

    Zillow last checked:

    Listing updated:

    Listed by:

    Gary B Pohrer 561-655-8600,

    Douglas Elliman

    Bought with:

    Samantha Bender, 3497608

    Lang Realty/ BR

    Morgan A. Sheres, 3273077

    Lang Realty/ BR

    Source: BeachesMLS,MLS#: R10975024MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 9
    • Full bathrooms: 8
    • 1/2 bathrooms: 1
    • Main level bathrooms: 4
    • Main level bedrooms: 3
    Primary bedroom
    • Level: Main
    • Area: 276
    • Dimensions: 23 X 12
    Kitchen
    • Level: Main
    • Area: 187
    • Dimensions: 17 X 11
    Living room
    • Level: Main
    • Area: 308
    • Dimensions: 22 X 14
    Heating
    • Central, Zoned
    Cooling
    • Central Air, Zoned
    Appliances
    • Included: Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
    • Laundry: Inside, Laundry Closet
    Features
    • Bathtub, Entrance Foyer, Main Level Primary, Soaking Tub, Separate Shower, Walk-In Closet(s)
    • Flooring: Marble, Other, Wood
    Interior area
    • Total structure area: 6,806
    • Total interior livable area: 5,823 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Has private pool: Yes
    • Waterfront features: None
    Lot
    • Size: 0.32 Acres
    • Dimensions: 150 x 94
    Details
    • Parcel number: 50434303110000350
    • Zoning: R-B—LOW DENSITY

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame
    Condition
    • Resale
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Electric: 3 Phase
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Subdivision: EL ENCANTO
    HOA
    • Has HOA: No
    • Amenities included: None
    Location
    • Region: Palm Beach

    Financial & listing details

    • Price per square foot: $1,872/sqft
    • Tax assessed value: $8,347,844
    • Annual tax amount: $67,119
    • Date on market: 4/4/2024
    • Cumulative days on market: 13 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    5/31/2024Sold$10,900,000+4.8%$1,872/sqft
    Source: BeachesMLS #R10975024 Report a problem
    4/16/2024Pending sale$10,400,000$1,786/sqft
    Source: BeachesMLS #RX-10975024 Report a problem
    4/4/2024Listed for sale$10,400,000+141.9%$1,786/sqft
    Source: BeachesMLS #RX-10975024 Report a problem
    1/31/2020Sold$4,300,000-7.3%$738/sqft
    Source: Palm Beach BOR #18-1130 Report a problem
    12/5/2019Price change$4,639,000-4.1%$797/sqft
    Source: Waterfront Properties & Club C #RX-10434654 Report a problem
    9/16/2019Price change$4,839,000-7.8%$831/sqft
    Source: Waterfront Properties & Club C #RX-10434654 Report a problem
    6/13/2019Price change$5,249,000-4.5%$901/sqft
    Source: Waterfront Properties & Club C #RX-10434654 Report a problem
    4/25/2019Price change$5,499,000-2.7%$944/sqft
    Source: Waterfront Properties & Club C #RX-10434654 Report a problem
    10/11/2018Price change$5,649,000-5.9%$970/sqft
    Source: Waterfront Properties & Club C #RX-10434654 Report a problem
    5/25/2018Listed for sale$6,000,000+0.8%$1,030/sqft
    Source: Waterfront Properties & Club C #RX-10434654 Report a problem
    4/16/2018Listing removed$5,950,000$1,022/sqft
    Source: Christian Angle Real Estate #RX-10372289 Report a problem
    2/16/2018Price change$5,950,000-4.8%$1,022/sqft
    Source: Christian Angle Real Estate #RX-10372289 Report a problem
    9/29/2017Listed for sale$6,249,000+177.7%$1,073/sqft
    Source: CHRISTIAN ANGLE REAL ESTATE #17-1922 Report a problem
    4/15/2016Sold$2,250,000+2.3%$386/sqft
    Source: Public Record Report a problem
    6/18/2013Sold$2,200,000-11.6%$378/sqft
    Source: Public Record Report a problem
    1/9/2013Price change$2,490,000-2.4%$428/sqft
    Source: Fite Shavell & Associates #R3320483 Report a problem
    10/27/2012Listed for sale$2,550,000+381.1%$438/sqft
    Source: Fite Shavell & Associates #R3320483 Report a problem
    8/31/1999Sold$530,000$91/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$125,327 +82.8%$8,347,844 +82.7%
    2024$68,568 +2.2%$4,570,259 +3%
    2023$67,118 -0.2%$4,437,145 +3%
    2022$67,230 -1.7%$4,307,908 +3%
    2021$68,403 +5.5%$4,182,435 +13.5%
    2020$64,861 +0.1%$3,684,905 +10%
    2019$64,801 $3,349,914 -20.6%
    2018$64,801 +10.7%$4,219,981 +94.5%
    2017$58,524 +57%$2,169,100 -10.2%
    2016$37,280 -12.9%$2,415,398 +10%
    2015$42,819 +6.8%$2,195,816 +10%
    2014$40,084 +72.6%$1,996,196 +51.6%
    2013$23,227 +0.1%$1,316,950 +1.7%
    2012$23,194 +0.7%$1,294,936 +3%
    2011$23,034 +0.6%$1,257,219 +1.5%
    2010$22,902 +6.5%$1,238,639 +2.7%
    2009$21,499 +7.9%$1,206,075 +0.1%
    2008$19,916 +2.7%$1,204,870 +3%
    2007$19,395 -6.2%$1,169,777 +2.5%
    2006$20,669 $1,141,246 +3%
    2005-- $1,108,006 +3%
    2004$11,452 +10911.6%$1,075,734 +1.9%
    2003$104 -99.5%$1,055,676 +2.4%
    2002$20,353 -1.4%$1,030,934 +2.4%
    2001$20,640 +44.4%$1,006,491 +46.3%
    2000$14,295 +16.4%$688,054 +16.1%
    1999$12,279 $592,621
    Find assessor info on the county website

    Neighborhood: 33480

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    Estimated market value
    $12,313,200
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    Estimated market value
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