4 months on rocket

248 Colonial Ln, Palm Beach, FL, 33480

$6,150,000

4 Bedrooms
3 Full Baths
2,209 SqFt
$2,784/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Street
Year Built1950
HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
WaterfrontNone
FireplaceFireplace(s)
ViewGarden, Pool
Private PoolYes
MLS #RX-10944912
StatusActive

About 248 Colonial Ln

PRIME PALM BEACH OPPORTUNITY! LOCATION, LOCATION AND STEPS AWAY TO PRIVATE BEACH ACCESS AND BIKE TRAIL.This ideal North End home is move in ready, on an idyllic street with beach access at the end of the lane. This charming home invites both an indoor and outdoor lifestyle. Complete with an oversized, bright great room, living room, dining room, and 3 BRs in main house. The primary bedroom is located on the west side and 2 additional BRs are in a separate wing on the east side with shared bath. The lushly planted, private back areahas it all. Heated pool, outdoor, covered dining area and separate office or bedroom with full bath. Enjoy the outdoor lighted seating/party area. Let the Palm Beach lifestyle begin! ARCOM APPROVED final plans for new home available.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Stories: 1
  • Living Area: 2,209 SqFt

Listing Office:

  • Office Name: Brown Harris Stevens of PB (Wo
  • Office Phone: (561) 659-6400
  • Listing Agent: Ashley Lickle ONeil

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
  • Flooring Type: Carpet, Ceramic Tile, Tile, Wood Floor
  • Interior: Fireplace(s)
  • Fireplace: Fireplace(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: None
  • View: Garden, Pool
  • Exterior: Auto Sprinkler, Cabana, Covered Patio, Custom Lighting, Outdoor Shower, Zoned Sprinkler

Parking Information:

  • Parking: Driveway, Street

Virtual/3D Tour

  • Virtual Tour: 248 Colonial Ln

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air, Electric

School Info

Assigned Schools Information:

  • Palm Beach Lakes High School, Public Magnet Grades PK-12
  • Conniston Middle School, Public Magnet Grades 6-8
  • Palm Beach Public School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: North Lake Way to Colonial Lane. House on right..

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,150,000
  • Price Per SqFt: $2,784/SqFt

Tax Information:

  • Annual Amount: $29,365
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palm Beach, FL.

Med. Sold Price

$1.1M

Med. Price/SqFt

$711

Avg. Days On Market

143

# of Sold Homes

38

248 Colonial Ln vs Palm Beach

126 DAYS ON ROCKET

-17 Days

$6,150,000

+$5.0M More

$2,784/SqFt

+$2K More

KEY TAKEAWAY

This property is $5.0M more than the Median Sold Price and $2K/SqFt more than other homes in Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-10944912

Listing Office:

  • Office Name: Brown Harris Stevens of PB (Wo
  • Office Phone: (561) 659-6400
  • Listing Agent: Ashley Lickle ONeil

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 8:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 11, 2019Home Sold
$1,910,000
Aug 02, 2002Home Sold
$817,500
Mar 22, 2000Home Sold
$612,000
Nov 24, 1998Home Sold
$425,000

Tax History

YEARPROP. TAXASSESSMENT
2020$29,365$1,724,817
2019$27,396$1,572,013
2018$26,236$1,541,285
2017$25,449$1,401,168

History based on county public records data.

Payment Calculator

$30.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$18.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1098304
7
/10
  • Palm Beach Public School

  • 239 Cocoanut Row

  • 3.18 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-1098305
4
/10
  • Conniston Middle School

  • 3630 Parker Ave

  • 5.37 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1098306
2
/10
  • Palm Beach Lakes High School

  • 3505 Shiloh Dr

  • 4.20 miles

  • Public Magnet Grades PK-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $216,931. The most common annual income of people living in Palm Beach, FL is $200k+. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 248 Colonial Ln

What is the listing price of this property?

The listing price of 248 Colonial Ln property is $6,150,000.

What type of property is this?

The property 248 Colonial Ln is a house located in Palm Beach, Florida, 33480.

Is this property for sale now?

Active Listing: 248 Colonial Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 248 Colonial Ln are:
Palm Beach Public School: GreatSchools Rating 7/10
Conniston Middle School: GreatSchools Rating 4/10
Palm Beach Lakes High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $29,365 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 11, 2019 for $1,910,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 248 Colonial Ln has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 248 Colonial Ln is 2,209 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 248 Colonial Ln is 1950.
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Rocket Homes›Florida›Palm Beach County›Palm Beach›33480›248 Colonial Ln

This home is located at 248 Colonial Ln in Palm Beach, FL and zip code 33480 in the North End neighborhood. This 2,209 square foot home was built in 1950. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 22, 2023 and is currently priced at $6,150,000.

In March 2024 more than 3 listings in Palm Beach, FL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 35 were sold below. In March 2024 in Palm Beach, FL there were 5.7% more homes for sale than in February 2024. While the average time on the market in March 2024 was 143 days, the median list price was $1,113,750.

From Rocket Homes Real Estate and based on county public records data.

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