245 Valencia Road, West Palm Beach, FL, 33401 | $17,900,000

Built in 1925, the ''Grand Dame'' of El Cid is the most important Historic waterfront home of its era in West Palm Beach. The architectural splendor of the roaring twenties is bountiful in this unique masterpiece from the soaring ceiling heights right down to the original hardware on the windows. After welcoming you with priceless Pecky Cypress radius top double entry doors, the wrought iron and ''cast-in-place'' concrete staircase dominates the entry foyer and serves as the centerpiece of the home. From there, the living and family rooms are graced with original French doors that lead to the open waterfront patio. The views from every room across the massive front lawn to the Intracoastal Waterway and Palm Beach are breathtaking. The formal dining room and recently updated gourmet kitchen and butler's pantry dominate the opposite side of the entry and are state-of-the-art in appointments. A hardwood paneled library and powder room are off the entry foyer. Upstairs the views from the massive Master Suite are as you would expect. . . fabulous. Three additional bedrooms plus 2 baths and a large laundry make this the perfect home for both family and guests to enjoy. This spectacular waterfront home sits on a huge corner lot that boasts over 25, 000 square feet of property and 138' of frontage along Flagler Drive. The large driveway, accessed from Valencia Road leads to a two car garage with a fully efficient guest house above it. This magnificent home has been updated to include, but not limited to, a fabulous gourmet kitchen, 2 new baths, barrel tile roofs, Icynene attic insulation, A/C systems, irrigation and new landscaping/outdoor lighting.

Features

  • Amenities: Jogging Path, Sidewalks
  • Rooms: 12
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Laundry: Laundry Closet, Inside, Laundry Tub
  • Style: Old Spanish, Mediterranean
  • Year Built: 1925
  • Garage: 2-car Detached
  • Heating: Central, Zoned
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 3,910
  • Acreage: 0.59
  • Est. Taxes: $56,067
  • Lot Desc: Irregular Lot, Sidewalks
  • View: City, Garden, Pool, Bay, Intracoastal, Lake
  • Water Front: Yes
  • Pool: Gunite, Heated, In Ground
  • Pet Policy: Yes, No Restrictions
  • Appliances: Electric Water Heater, Dryer, Disposal, Dishwasher, Free-Standing Freezer, Gas Range, Ice Maker, Refrigerator, Water Heater, Washer
  • MLS#: RX-11146831
  • Website: https://www.raveis.com
    /mls/RX-11146831/245valenciaroad_westpalmbeach_fl?source=qrflyer
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.


The Simpson GroupSales Associates

561.262.6263

TheSimpsonGroup@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Joseph HartleyInsurance Sales Director, William Raveis Insurance

954.729.6530

Joseph.Hartley@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

245 Valencia Road, West Palm Beach, FL, 33401

$17,900,000

The Simpson Group

Sales Associates

William Raveis Real Estate

Phone: 561.262.6263

TheSimpsonGroup@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $14,320,000 $14,320,000 $14,320,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 5.750% 5.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.046% 5.846% 5.700%
Monthly Tax Payment $4,672 $4,672 $4,672
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $79,076 $83,568 $117,006
Total Monthly Payment $83,873 $88,365 $121,803

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.