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+43 photosLuxury estate — 135 Chilean Avenue · Royal Park · Palm Beach
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Open property magazine$12,250,000
135 Chilean Avenue, Palm Beach, FL 33480
Palm Beach, FL, 33480
3 bd · 4 ba · — sqft
Listed by Berkshire Hathaway Florida Rea
135 Chilean Avenue, Palm Beach, FL 33480
Listed by Berkshire Hathaway Florida Rea
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Estimated monthly payment
$77,048/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $77,048/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: Zone not provided · verify insurance quotes before buying.
About this home
Find similar homesLocated on the coveted ocean block of Chilean Avenue, this like-new Bermuda-style residence offers an exceptional blend of luxury, privacy, and refined in-town Palm Beach living. Just moments from the beach, Worth Avenue, fine dining, and boutique shopping, the approximately 3,000-square-foot home is offered fully furnished and move-in ready.Designed by renowned Palm Beach designer Pat Segraves and built by esteemed builder Chip Janssen, the residence underwent a meticulous 2022 renovation, blending timeless island architecture with sophisticated contemporary finishes throughout. The main house features an expansive primary suite with a spa-inspired bath, an additional guest suite with ensuite bathroom, and a detached guest house with appliances, full bath, and walk-in closet.The chef’s kitchen is appointed with Cristallo countertops, premium Sub-Zero appliances, and an oversized center island designed for entertaining and everyday living. Additional highlights include hurricane-impact windows and doors, state-of-the-art lighting and electronics, seamless indoor-outdoor living, and a covered lanai with automatic retractable screens for year-round alfresco dining and entertaining. Rarely available, this turnkey Palm Beach residence presents an exceptional opportunity in one of the island’s premier in-town locations.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 6%
The seller has come down from $12,995,000 to $12,250,000 — a $745,000 reduction since it came on the market.
153 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
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Your costs (est.)
≈ $77,048/mo
135 Chilean Avenue, Palm Beach, FL 33480 · Palm Beach
Location
135 Chilean Avenue, Palm Beach, FL 33480
What buyers ask about this home
What are the estimated monthly carrying costs at 135 Chilean Avenue, Palm Beach, FL 33480?+
Property tax (after sale): $8,381/month est.; homeowners insurance: $5,104/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $13,486/month est. Principal and interest: $63,563/month; PMI: $0/month. Total for the payment scenario shown: $77,048/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 135 Chilean Avenue, Palm Beach, FL 33480?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 135 Chilean Avenue, Palm Beach, FL 33480 need flood insurance, and what drives the premium?+
Most of Palm Beach sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 135 Chilean Avenue, Palm Beach, FL 33480?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the pool at 135 Chilean Avenue, Palm Beach, FL 33480?+
A pool typically adds ongoing service, chemicals and electricity, plus periodic resurfacing and equipment replacement. Verify the safety barrier meets Florida code, which is required for insurance and resale.
Is there room to negotiate on 135 Chilean Avenue, Palm Beach, FL 33480?+
This listing has been on the market 153 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Palm Beach. Historic island address — Worth Avenue, oceanfront estates, and the Breakers, with private clubs throughout.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Conniston Middle School
Middle school · 2.4 mi from this home · 3630 Parker Ave, West Palm Beach
Forest Hill Community High School
High school · 3.8 mi from this home · 6901 Parker Ave, West Palm Beach
Zone boundaries published by School District of Palm Beach County.
Other options for this address
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
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Simon Gedz
Realtor® since 1995
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