305-609-4190
1616 S Ocean Boulevard, Palm Beach FL 33480
Active Single Family Residence Waterfront

1616 S Ocean Boulevard, Palm Beach FL 33480

Palm Beach, FL, 33480

$195,000,000

Est. $986,026/mo (20% down)

7
Beds
12.5
Baths
19,919
Sq Ft
2024
Year Built
—
Lot Sq Ft
18
Garage

Photo Gallery (54 photos)

About This Property

Spectacular Ocean-to-Lake estate in Palm Beach's coveted Estate Section with nearly 30,000 total square feet. Built new in 2024, this sprawling residence is nestled on nearly 2 acres and boasts breathtaking views of the Atlantic Ocean and Intracoastal Waterway. A gracious floorplan offers 7 bedrooms, 12 full bathrooms, and a powder room. An impressive great room features soaring volume ceilings, fireplace, and abundant natural light. The beautifully appointed kitchen features an oversized island, spacious butler's pantry, top-of-the-line appliances, and breakfast room. Additional interior highlights include a playroom, club room, and office, providing exceptional flexibility for both everyday living and entertaining. The expansive Primary Wing features a private sitting area with lakefront balcony, dual bathrooms and dressing rooms, morning bar, and oceanfront terrace. Additional en-suite bedrooms offer generous accommodations for guests. The second floor also includes two laundry rooms, a lounge/additional guest suite, and multiple balconies overlooking the water and grounds. The lower level is designed for both function and recreation, with ample storage, a large exercise room, spa bath and sauna, memorabilia room, and expansive 18+/- car garage ideal for the avid collector. Beautifully landscaped and impeccably maintained grounds stretch from the Ocean to the Intracoastal. Multiple terraces and covered loggias surround the 53-foot infinity swimming pool with sun shelf, creating exceptional spaces for outdoor entertaining and relaxation. Convenient service drive, as well as an oversized driveway leading to additional 3 car garage. A private dock with boat lift completes this extraordinary waterfront offering. A truly remarkable Ocean-to-Lake residence offering grand-scale living, sophisticated design, resort-style amenities, and an unparalleled Palm Beach waterfront lifestyle.

Property Details

MLS #

B26069003

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

2024

Days on Market

53

Stories

3

Pool

Yes

Waterfront

Yes

Price / Sq Ft

$9,790

HOA Fee

None

Est. Insurance

$65,000/mo

Tax Year

2025

Tax Amount

$1,112,884

Garage

18 Car

Lot Size

—

MLS Area

N/a

Subdivision

N/A

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$1,365,000
Est. Monthly Rent
0.8%
Cap Rate
4.0%
Cash-on-Cash
$1,541,919
Net Operating Income

ROI Projections (4% Annual Appreciation)

128%
5-Year ROI
Value: $237,247,316
280%
10-Year ROI
Value: $288,647,636
460%
15-Year ROI
Value: $351,183,984

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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