516 S Ocean Boulevard, Palm Beach, FL 33480 (MLS# R11044290)

516 S Ocean Boulevard, Palm Beach, FL 33480

$51,420,000

Virtual Tour

https://www.propertypanorama.com/516-S-Ocean-Boulevard-Palm-Beach-FL-33480/unbranded

Property Type: Residential Bedrooms: 7 Baths: 11 Square Footage: 11,489 Status: Closed

Current Price: $51,420,000 List Date: 12/12/2024 Last Modified: 8/13/2026

Overview

Description

This luxurious Mediterranean oceanfront seven-bedroom estate has been beautifully renovated and is set on over half an acre offering stunning water views with a wealth of amenities for effortless coastal living. Curated by AD 100 designer Daniel Romualdez for gracious entertaining, it features an ocean-view living room with a gas fireplace, a club room with a full bar, a paneled oceanfront library, a day oceanfront living room, a formal dining room, a wood beamed entertainment room, and a gourmet chef's eat-in kitchen with a marble island, high end appliances, and a butler's pantry. Beachside enjoyment is elevated with covered loggias overlooking both the ocean and the pool, an expansive heated pool with a built-in spa, a cabana with a bath, and a shaded patio for poolside dining.

Supplements: Deeded ocean parcel with a 100 feet of ocean frontage. Additional conveniences include an elevator, a 3-car garage, a full-house generator, and two laundry rooms.

Listing Details MLS# R11044290

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 7
Bathrooms Total: 11
Bathrooms Full: 9
Bathrooms Half: 2
Building Area Main: 11489
Building Area Source: Other
Living Area Main: 9949
Year Built: 2015
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 3
Covered Spaces: 3
Gated Community YN: No
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: 2
Direction Faces: East
Fireplace YN: Yes
Pool Private YN: Yes
Furnished: Furnished

Property Features

Dining Area: Breakfast Area; Eat-In Kitchen; Formal Dining Electric: Three Phase Exterior Features: Pool Bathroom Flooring: Carpet; Marble; Wood Parking Features: Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Free-Standing Freezer; Gas Range; Ice Maker; Microwave; Oven; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Architectural Style: Mediterranean Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Heating: Central; Electric; Zoned Interior Features: Bar; Built-in Features; Cabana Bath; Elevator; Entrance Foyer; French Doors; High Ceilings; Kitchen Island; Pantry; Roman Tub; Storage; Walk-In Closet(s) Laundry Features: Inside Listing Terms: Cash; Conventional Other Structures: Cabana Pets Allowed YN: Yes Pool Features: Heated; Pool Bath Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Roof: Spanish Tile Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available View: Garden; Pool Water Access: Ocean Access Water Source: Public Water View: Ocean Waterfront Features: Ocean Front Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Outdoor Living Spaces: Balcony; Patio Patio Details: Patio - Open Contingencies: None Room Types: Den; Family Room; Kitchen; Laundry; Living Room; Master Bedroom; Media Room

Contract Information

Comp Sale YN: No
Original List Price: 60000000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 516
Street Direction Prefix: S
Street Name: Ocean
Street Suffix: Boulevard
City Name: Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: SINGER ADD TO P B IN
Area: 5003
Geographic Area: PB30
Special Assessment YN: No
Parcel Number: 50434326030000040
Zoning: R-A—ESTATE RESI

Financial Information

Association Deposit YN: No
Membership Fee Required YN: No
Tax Annual Amount: 436545
Tax Year: 2024
Tax Legal Description: SINGERS ADDITION LOT 4 & LAND LYG E OF LOT 4 BET OCEAN BLVD & ATLANTIC OCEAN

Status Change Information

Major Change Timestamp: 2025-04-25T17:54:14Z
Major Change Type: Status Change
Price Change Timestamp: 2025-03-06T15:57:35Z
Status Change Date: 2025-04-25
Under Contract Date: 2025-04-10
Close Date: 2025-04-24
Close Price: 51420000
Buyer Financing: Cash

More Information

Entry Information

Entry Location: Entry Level Living Area Y

Short Sale Details

Short Sale Addendum: No

Main Level Rooms

Main Level Bathrooms: 2

Storm Protection

Impact Glass: Complete

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Room Types

Kitchen Level: Main
Living Room Level: Main
Master Bedroom Level: Upper

Price Calculations

Current Price To SqFt: 5168.35
Original List Price To Close Price: 1.16

Originating Details

Originating System Key: 20241204055624365985000000
Originating System ID: M00000170

Room Information

Room Name	Length	Width	Level
Living Room	24.00	19.00	Main
Kitchen	19.60	15.00	Main
Master Bedroom	24.00	18.00	Upper
Family Room
Laundry
Media Room
Den

Listing Office: The Corcoran Group

Last Updated: August - 13 - 2026

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