1240 N Ocean Boulevard, Palm Beach, FL 33480 (MLS# R3121521)

1240 N Ocean Boulevard, Palm Beach, FL 33480

$6,800,000

Property Type: Residential Bedrooms: 8 Baths: 10 Square Footage: 10,043 Status: Closed

Current Price: $6,800,000 List Date: 7/01/2010 Last Modified: 1/11/2026

Overview

Description

This ocean front Mediterranean Estate has not been offered for sale in 30 years. The residence features over 10,000 sq. ft. Formal living room with fireplace, formal dining room with pecky cypress ceiling, wood paneled library overlooking gardens, master bedroom with terrace overlooking ocean. Enclosed sun filled loggia, eat in kitchen with butlers pantry, guest cottage and staff apartment.

Listing Details MLS# R3121521

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 8
Bathrooms Total: 10
Bathrooms Full: 9
Bathrooms Half: Yes
Building Area Main: 10043
Living Area Main: 8910
Year Built: 1925
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Lot Size Dimensions: 140X246X140X263
Senior Community YN: No
Stories Total: 2
Stories: 2
Direction Faces: East
Pool Private YN: No
Furnished: Unfurnished
LP/Assessed Value: 1.22

Property Features

Exterior Features: Awning(s); Outdoor Shower Flooring: Carpet; Terrazzo; Wood Parking Features: Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Refrigerator; Washer Architectural Style: Mediterranean Cooling: Central Air Heating: Central Interior Features: Cabana Bath; Cathedral Ceiling(s); Pantry; Storage; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Inside; Laundry Closet Listing Terms: Cash; Conventional Other Structures: Cabana Pets Allowed YN: Yes Possession: Close Of Escrow Restrictions: No Restrictions Special Information: Sold As-Is Sprinkler Description: Zoned Sprinkler Tax Information: City/County Utilities: Water Available Water Access: Ocean Access Water Source: Public Water View: Ocean Waterfront Features: Ocean Front Window Features: Jalousie; Sliding Showing Requirements: Call Listing Agent Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Den; Dining Room; Family Room; Florida Room; Garage Apartment; Kitchen; Laundry; Living Room; Maid/In-Law Quarters; Master Bedroom Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Listing Contract Date: 2010-07-01
Original List Price: 8500000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1240
Street Direction Prefix: N
Street Name: Ocean
Street Suffix: Boulevard
City Name: Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: Alto Lido
Development Name: Alto Lido
Area: 5001
Geographic Area: PB30
Special Assessment YN: No
Parcel Number: 50434303080000010
Zoning: Resident
Directions: North Ocean Blvd to 1240
Building Name: 1240

Financial Information

Tax Annual Amount: 171841
Tax Year: 2009
Tax Assessed/SOH Value: 6949958
Tax Legal Description: Alto Lido Lot:1 Blk: Lot SqFt: Frontage: Depth:

Status Change Information

Major Change Timestamp: 2010-07-01T05:00:01Z
Major Change Type: New Listing
Status Change Date: 2010-09-01
Under Contract Date: 2010-08-13
Close Date: 2010-09-01
Close Price: 6800000
Buyer Financing: Cash

More Information

Price Calculations

Current Price To SqFt: 763.18
Original List Price To Close Price: 1.25

Originating Details

Originating System Key: 20130205042108466999000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Amenities

Private Beach Pavilion: Yes

Exterior Features

Awning(s): Yes
Outdoor Shower: Yes

Flooring

Carpet: Yes
Terrazzo: Yes
Wood: Yes

Parking Features

Attached Garage: Yes
Garage: Yes

Property Condition

Resale: Yes

Other Structures

Cabana: Yes

Possession

Close Of Escrow: Yes

Special Information

Sold As-Is: Yes

Utilities

Water Available: Yes

Heating

Central: Yes

Sprinkler Description

Zoned Sprinkler: Yes

Water Access

Ocean Access: Yes

Water View

Ocean: Yes

Window Features

Jalousie: Yes
Sliding: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Refrigerator: Yes
Washer: Yes

Interior Features

Cabana Bath: Yes
Cathedral Ceiling(s): Yes
Pantry: Yes
Storage: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet(s): Yes

Laundry Features

Inside: Yes
Laundry Closet: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Water Source

Public: Yes

Waterfront Features

Ocean Front: Yes

Architectural Style

Mediterranean: Yes

Cooling

Central Air: Yes

Showing Requirements

Call Listing Agent: Yes

Master Bedroom/Bath

Combo Tub/Shower: Yes

Pets Allowed YN

Yes: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Room Types

Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Bedroom 5: Yes
Den: Yes
Dining Room: Yes
Family Room: Yes
Florida Room: Yes
Garage Apartment: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Maid/In-Law Quarters: Yes
Master Bedroom: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes

Room Information

Bedroom 2 Length: 16.00 Length: 16.00 Width: 15.00 Width: 15.00 Bedroom 3 Length: 17.00 Length: 17.00 Width: 16.00 Width: 16.00 Bedroom 4 Length: 19.00 Length: 19.00 Width: 14.00 Width: 14.00 Bedroom 5 Length: 19.00 Length: 19.00 Width: 12.00 Width: 12.00 Dining Room Length: 17.00 Length: 17.00 Dining Room Width: 19.00 Width: 19.00 Family Room Length: 22.00 Length: 22.00 Width: 19.00 Width: 19.00 Kitchen Length: 16.00 Length: 16.00 Width: 16.00 Width: 16.00 Living Room Length: 19.00 Length: 19.00 Width: 38.00 Width: 38.00 Master Bedroom Length: 19.00 Length: 19.00 Width: 18.00 Width: 18.00 Florida Room Garage Apartment Maid/In-Law Quarters Laundry

Listing Office: The Corcoran Group

Last Updated: January - 11 - 2026

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