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+13 photosLuxury estate — 235 Ocean Terrace · Ocean Terrace · Palm Beach
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Open property magazine$10,000,000
235 Ocean Terrace, Palm Beach, FL 33480
Palm Beach, FL, 33480
4 bd · 4 ba · 2,673 sqft
Listed by Sotheby's Intl. Realty, Inc.
235 Ocean Terrace, Palm Beach, FL 33480
Listed by Sotheby's Intl. Realty, Inc.
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Estimated monthly payment
$59,457/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 $59,457/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 homes235 Ocean Terrace presents a rare opportunity on Palm Beach's coveted North End, ideally situated on one of the island's premier cabana streets with dedicated beach access and just moments from the Lake Trail. Set on a 10,226± square foot lot, the residence offers 3,336± total square feet with four bedrooms and four full bathrooms. A foyer leads to the living and dining rooms, while the kitchen overlooks the pool and patio. The primary suite features direct access to the pool, and each bedroom includes an en suite bath. A covered loggia overlooks the pool and patio, providing an inviting setting for outdoor living and entertaining. Additional highlights include a one-car garage and laundry room. An exceptional opportunity to enjoy, renovate, or reimagine a residence in one of Palm Beach's most desirable North End locations.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
118 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.)
≈ $59,457/mo
235 Ocean Terrace, Palm Beach, FL 33480 · Palm Beach
Location
235 Ocean Terrace, Palm Beach, FL 33480
What buyers ask about this home
What are the estimated monthly carrying costs at 235 Ocean Terrace, Palm Beach, FL 33480?+
Property tax (after sale): $6,842/month est.; homeowners insurance: $727/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $7,569/month est. Principal and interest: $51,888/month; PMI: $0/month. Total for the payment scenario shown: $59,457/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 235 Ocean Terrace, 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 235 Ocean Terrace, 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 235 Ocean Terrace, 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 235 Ocean Terrace, 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 235 Ocean Terrace, Palm Beach, FL 33480?+
This listing has been on the market 118 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
Career Academy Of The Palm Beaches
High school · 2.6 mi from this home · 3800 S Congress Ave, Boynton Beach
Zone boundaries published by School District of Palm Beach County.
Other options for this address
University Preparatory Academy Palm Beach
Elementary · Charter · Grades PK–8 · West Palm Beach
R J Hendley Christian Community School
Elementary · Private · Christian · Grades PK–8 · Riviera Beach
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
Interested in this property?
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