7 Ocean Lane, Palm Beach, FL 33480
$20,200,000
Property Type:
Land & Docks
Lot Size (sq. ft.):
22,176
Status:
Closed
Current Price:
$20,200,000
List Date:
8/11/2020
Last Modified:
1/11/2026
Description
DIRECT OCEANFRONT LOT! EXPANSIVE OCEAN VIEWS. INCREDIBLE OPPORTUNITY TO BUILD ON 21,387± SQUARE FEET LOT YOUR NEW CUSTOM HOME. PERFECTLY SITUATED AT THE END OF A CUL-DE-SAC.
More Information MLS# R10645926
Contract Information
Comp Sale YN: No
LP/Acre: 43017088.98
Listing Contract Date: 2020-08-11
Status: Closed
Original List Price: 19900000
Sold Price: $20,200,000
Current Price: $20,200,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Palm Beach
Postal Zip: 33480
Geographic Area: PB30
Street Number: 7
Street Name: Ocean
Street Suffix: Lane
State Or Province: FL
Postal Code: 33480
Subdivision Name: OCEAN LANE IN
Area: 5001
Parcel Number: 50434311020000061
Zoning: R-B(ci
Directions: Ocean Blvd North to Ocean Lane
General Property Information
Lot Size Dimensions: 100X211X216
LP/SqFt: 987.55
Property Sub Type: Unimproved Land
Lot Size Acres: 0.51
Lot Size Square Feet: 22176
Waterfront YN: 1
Direction Faces: East
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
SP/Acre: 39677862.9
Major Change Timestamp: 2020-12-30T14:42:27Z
Major Change Type: Status Change
Price Change Timestamp: 2020-10-14T19:03:54Z
Status Change Date: 2020-12-30
Under Contract Date: 2020-11-24
Close Date: 2020-12-22
Close Price: 20200000
Short Sale Details
Short Sale Addendum: No
Documents Available
Survey: 1
Current Use
Single Family: 1
Development Status
Recorded Plat: 1
Location of Property
Beach Access: 1
Possible Use
Single Family: 1
Trees
None: 1
Utilities
Electricity Available: 1
Water Available: 1
Vegetation
Grassed: 1
Water View
Ocean: 1
Listing Terms
Cash: 1
Lot Features
Cleared: 1
Road Surface Type
Paved: 1
Water Source
Public: 1
Waterfront Features
Ocean Front: 1
Showing Requirements
Call Listing Agent: 1
Contingencies
None: 1
Buyer Details
Country of Origin: United States
Price Calculations
Original List Price To Close Price: 0.98
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Financial Information
Tax Year: 2019
Tax Annual Amount: 107782
Tax Legal Description: OCEAN LANE N 6 FT OF LT 6 (LESS WLY 75.90 FT) & LT 7
Originating Details
Originating System Key: 20200811175714966512000000
Originating System ID: M00000170
Property Features
Current Use: Single Family
Development Status: Recorded Plat
Documents Available: Survey
Location of Property: Beach Access
Possible Use: Single Family
Trees: None
Utilities: Electricity Available; Water Available
Vegetation: Grassed
Listing Terms: Cash
Lot Features: Cleared
Road Surface Type: Paved
Water Source: Public
Water View: Ocean
Waterfront Features: Ocean Front
Showing Requirements: Call Listing Agent
Contingencies: None
Acreage Description: 1/2 To Less Than 1 Acre Lot
Listing Office:
Sotheby's Intl. Realty, Inc.
Last Updated: January - 11 - 2026
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