See Home Value
$5,201,680*
House - Off Market

2416 Medina Way

West Palm Beach, FL 33401
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4005 Sqft
$3,501,000 - $4,279,000
Reference Base Price*
33.72%
Since Nov 1, 2020
National-US
Primary Model
Sold Apr 27, 2022
$6,800,000
$5,440,000 by Db Private Wealth Mortgage Ltd
Mortgage Due Jul 01, 2052
Sold Nov 13, 2020
$3,231,500
$1,500,000 by Jpmorgan Chase Bank Na
Mortgage Due Dec 01, 2050

About This Property

Located in the heart of prestigious El Cid, this elegant estate has all of the architectural charm of the most sophisticated historic homes in the area yet has been completely modernized by a ''down to the studs'' renovation.  The gourmet custom kitchen and covered outdoor living areas are stunning and perfect for entertaining large gatherings of family and friends.The massive living room has a decorative fireplace and soaring ceilings with a wall of glass accessing a secluded Koi pond.  The large master bedroom suite has huge his/her closets and an incredible marble bath with water views.The unique third story study has a lovely and spacious open air terrace offering spectacular views of the Intracoastal Waterway and the island of Palm Beach.The completely walled and iron gated

The manager has listed the unit size as 4005 square feet.
Unit Size
4,005Ft²
Days on Market
-
Land Size
-
Price per sqft
$971
Property Type
House
Property Taxes
$32,795
HOA Dues
-
Year Built
1941

Price History

Date / Event Date Event Price
Apr 27, 2022 Sold to - Private - $6,800,000
Sold to - Private -
Nov 13, 2020 Sold to Marilyn R May $3,231,500
Sold to Marilyn R May
Oct 23, 2020 No longer available -
No longer available
Aug 4, 2020 Listed $3,890,000
Listed
Jul 5, 2011 Sold to Margaret Louise Cannon $1,366,670
Sold to Margaret Louise Cannon

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Plaster
  • Roof Shape Type: Flat
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 1
  • Floor Cover: Marble
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 368
  • Parking Space Count: 1
  • Patio Type: Patio - screened
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 13,482
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,693
  • Gross Building Area: 4,693
  • Building Area: 4,104
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 4,104
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EL CID SECOND ADDITION
  • Land Acres: 0.31
  • Standard Land Use Code: Single family residential
  • Legal Description 1: EL CID SECOND ADDITION LTS 1 TO 4 INC BLK 13

Ownership

  • Current Owner : HILMER ROBERT J
  • Current Owner 2: HUFNAGEL SARA E
  • Previous Owner : MARILYN R MAY REVOCABLE TRUST
  • Owner Before Previous Owner: BELL MARGARET LOWRY
  • Owner Before Previous Owner 2: BELL JEFFREY LYNN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 002702

Zoning

  • Zoning: SF14-C3

Geography

  • Assessors Map Reference: 163
  • Parcel: 74-43-43-27-22-013-0010
  • Block: 13
  • Lot: 1-4
  • Meridian: SEC 27 TWN 43S RNG 43E
  • Municipality: WEST PALM BEACH
  • Latitude: 26.6922
  • Longitude: -80.0505

    Address

  • Full Address: 2416 Medina Way
  • Address - House Number: 2416
  • Address - Street Name: Medina
  • Address - Suffix Type: Way
  • State: FL
  • City Name: West Palm Beach
  • Carrier Code: C032
  • 4-Digit Zip Code: 8020
  • Zip Code: 33401

Valuation

    Tax

  • Total Area: 4,180
  • Tax Year: 2023
  • Tax Amount: $120,040
  • Tax Rate Code Area: 74402

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 7,837,477
  • High Value: 9,197,092
  • Low Value: 6,477,861

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,440,000
  • First Open Lien Mortgage Lender: DB PRIVATE WEALTH MORTGAGE LTD
  • First Open Lien Mortgage Recording Date: Jun 06, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $5,440,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2052

    Market Valuation

  • Market Total Value: $5,854,758
  • Market Land Value: $2,446,400
  • Market Improvement Value: $3,408,358

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,854,758

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: Apr 27, 2022
  • Current Sale Transaction ID: 11890161271
  • Current Sale Price: $6,800,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 181808
  • Previous Sale Recording Date: Nov 13, 2020
  • Previous Sale Contract Date: Nov 09, 2020
  • Previous Sale Amount: $3,231,500
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Nov 13, 2020
  • Previous Mortgage Loan Amount: $1,500,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2050



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2.5 Baths
2,810 ft²
$1,646/ft²
$4,625,000 Jan 26, 2023
-
$3,603/mo
House
4 Beds
3.5 Baths
3,009 ft²
$1,193/ft²
$3,590,000 Jan 10, 2023
-
$1,449/mo
House
4 Beds
3 Baths
2,506 ft²
$1,576/ft²
$3,950,000 Nov 27, 2023
-
$953/mo
House
4 Beds
5 Baths
3,188 ft²
$1,096/ft²
$3,495,000 Nov 6, 2023
-
$791/mo
House
4 Beds
3 Baths
2,904 ft²
$1,129/ft²
$3,280,000 Oct 26, 2023
-
$1,046/mo
House
4 Beds
3 Baths
2,298 ft²
$1,434/ft²
$3,295,000 Sep 15, 2023
-
$1,288/mo
House
5 Beds
4 Baths
3,556 ft²
$1,181/ft²
$4,199,000 Jun 21, 2023
-
$1,312/mo
House
5 Beds
2.5 Baths
2,624 ft²
$1,220/ft²
$3,200,000 Feb 23, 2023
-
$276/mo

About El Cid


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Frequently Asked Questions

When was property at 2416 Medina Way built and last sold?
The property at 2416 Medina Way was built in 1941 and last sold on Apr 22, 2022 for $6,800,000.
How much is this home worth?
The estimated value of the home located at 2416 Medina Way is $3,880,297.
What are some comparable homes to 2416 Medina Way?
There are currently no comparable homes to 2416 Medina Way.

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