1198 N Ocean Way, Palm Beach, FL 33480 (MLS# R10770539)

1198 N Ocean Way, Palm Beach, FL 33480

$11,825,000
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 3,281 Status: Closed
Current Price: $11,825,000 List Date: 2/15/2022 Last Modified: 3/13/2026

Overview

Description

Rare opportunity to come to market! Located on a pristine corner lot, 1198 N Ocean Blvd is a Bermuda Style home with 3 bedrooms and a den / 3 bathrooms only three properties from the ocean on the North End of the Island. Perfect for entertaining in every way including a gorgeous pool area with outdoor dining space and spacious living room with a fireplace. This property has privileges at the best oceanfront cabana on the entire island that has access only from its streets residents.

Listing Details MLS# R10770539

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
3
Bathrooms Total
4
Bathrooms Full
3
Bathrooms Half
Yes
Building Area Main
3281
Building Area Source
Plans
Living Area Main
2471
Year Built
1951
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Gated Community YN
No
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Stories
Yes
Direction Faces
East
Fireplace YN
Yes
Pool Private YN
Yes
Furnished
Unfurnished

Property Features

Dining Area: Formal Dining Electric: Three Phase Flooring: Marble; Wood Parking Features: Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Free-Standing Freezer; Gas Range; Microwave; Refrigerator; Washer Architectural Style: Other Construction Materials: CBS Cooling: Central Air Heating: Central Laundry Features: Inside Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pool Features: Heated Restrictions: No Restrictions Roof: Concrete; Tile Sewer: Public Sewer Tax Information: Homestead Exemption Unit Description: Corner/End Unit Utilities: Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Text Listing Agent Outdoor Living Spaces: Patio; Porch Patio Details: Patio - Covered Contingencies: None Room Types: Den; Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2022-01-13
Original List Price
11900000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
1198
Street Direction Prefix
N
Street Name
Ocean
Street Suffix
Way
City Name
Palm Beach
State Or Province
FL
Postal Code
33480
Postal Zip
33480
Subdivision Name
Wells Road & North
Area
5001
Geographic Area
PB30
Special Assessment YN
No
Parcel Number
50434303090000171
Zoning
R-B
Directions
North on N County Rd, West on Mockingbird Trail, North on N Ocean Way

Financial Information

Association Deposit YN
No
Membership Fee Required YN
No
Tax Annual Amount
21499
Tax Year
2021
Tax Legal Description
MOCKING BIRD TRAIL TRACT LT 17 (LESS W 2.25 FT) & UND INT IN PT OF LTS 19A, 20A & UNMBRD TR AS IN DB863P260 K/A PRIV BCH

Status Change Information

Major Change Timestamp
2022-06-30T18:44:05Z
Major Change Type
Status Change
Status Change Date
2022-06-30
Under Contract Date
2022-03-08
Close Date
2022-06-30
Close Price
11825000
Buyer Financing
Conventional

More Information

Short Sale Details

Short Sale Addendum
No

Main Level Rooms

Main Level Bathrooms
3
Main Level Bedrooms
3

Storm Protection

Impact Glass
Complete

Showing Details

Pet(s) on Premises
No

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main
Den
Yes
Kitchen
Yes
Laundry
Yes
Living Room
Yes
Master Bedroom
Yes

Price Calculations

Current Price To SqFt
4785.51
Original List Price To Close Price
Yes

Originating Details

Originating System Key
20220117190616350138000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Amenities

None
Yes

Dining Area

Formal Dining
Yes

Electric

Three Phase
Yes

Flooring

Marble
Yes
Wood
Yes

Parking Features

Attached Garage
Yes
Garage
Yes

Property Condition

Resale
Yes

Sewer

Public Sewer
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Heating

Central
Yes

Unit Description

Corner/End Unit
Yes

Water Access

None
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Free-Standing Freezer
Yes
Gas Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

CBS
Yes

Laundry Features

Inside
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Pool Features

Heated
Yes

Roof

Concrete
Yes
Tile
Yes

Water Source

Public
Yes

Architectural Style

Other
Yes

Cooling

Central Air
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Text Listing Agent
Yes

Master Bedroom/Bath

Master Bdrm - Ground
Yes

Pets Allowed YN

Yes
Yes

Restrictions

No Restrictions
Yes

Tax Information

Homestead Exemption
Yes

Outdoor Living Spaces

Patio
Yes
Porch
Yes

Patio Details

Patio - Covered
Yes

Contingencies

None
Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot
Yes

Room Information

Living Room Length: 25.80 Length: 25.80 Width: 15.00 Width: 15.00 Level: Main Kitchen Length: 21.00 Length: 21.00 Width: 9.00 Width: 9.00 Level: Main Master Bedroom Length: 15.80 Length: 15.80 Width: 15.40 Width: 15.40 Level: Main Laundry

Documents

Listing Office: Douglas Elliman
IDX
Last Updated: March - 13 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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