1171 N Ocean Way, Palm Beach, FL 33480

$7,075,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,463 Status: Closed
Current Price: $7,075,000 List Date: 1/21/2022 Last Modified: 1/10/2026

Overview

Description

Located just one lot away from the ocean in Palm Beach, this 1,463 sq. ft. 3-bedroom, 2-bathroom single family home is a quintessential north-end beach cottage on a prime street. With direct beach and lake trail access, you can hear the ocean from the house and enjoy the South Florida beach lifestyle just steps away from the property. This home has been owned by the same family for approximately 70 years and offers a quaint space for new homeowners to enjoy, renovate, or build new on the 85' x 115' site.

Listing Details MLS# R10771477

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
3
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1463
Building Area Source
Public Records
Living Area Main
1375
Year Built
1936
Gated Community YN
No
Lot Size Dimensions
85 X 115
Senior Community YN
No
Stories Total
Yes
Stories
Yes
Direction Faces
West
Pool Private YN
No
Furnished
Unfurnished

Property Features

Flooring: Carpet; Wood; Other Parking Features: Circular Driveway; Open Property Condition: Resale Appliances: Refrigerator; Washer Architectural Style: Ranch Construction Materials: CBS Cooling: Central Air Heating: Central Listing Terms: Cash Lot Features: Corner Lot; Room for Pool Pets Allowed YN: Yes Possession: Close Of Escrow; Negotiable Restrictions: Other Restrictions Roof: Composition; Shingle Security Features: None Special Information: Sold As-Is Storm Protection Details: None Tax Information: Homestead Exemption Unit Description: Corner/End Unit Utilities: Water Available View: Garden Water Access: None Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany Contingencies: None Room Types: Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Listing Contract Date
2022-01-21
Original List Price
6950000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
1171
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
EL ENCANTO REPL IN
Area
5001
Geographic Area
PB30
Special Assessment YN
No
Parcel Number
50434303100000050
Zoning
RES
Directions
Head North on County Rd which becomes Ocean Way, Make Left onto La Puerta, Left onto Ocean Way to 1171 N Ocean Way on the left.

Financial Information

Association Deposit YN
No
Membership Fee Required YN
No
Tax Annual Amount
19976
Tax Year
2021
Tax Legal Description
REPLAT OF EL ENCANTO LT 5

Status Change Information

Major Change Timestamp
2022-04-21T22:38:07Z
Major Change Type
Status Change
Status Change Date
2022-04-21
Under Contract Date
2022-01-31
Close Date
2022-04-20
Close Price
7075000
Buyer Financing
Cash

More Information

Entry Information

Entry Location
Entry Level Living Area Y

Short Sale Details

Short Sale Addendum
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
3

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
Kitchen
Yes
Living Room
Yes
Master Bedroom
Yes

Price Calculations

Current Price To SqFt
5145.45
Original List Price To Close Price
0.98

Originating Details

Originating System Key
20220121160304579616000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Amenities

Beach Access
Yes
Jogging Path
Yes

Flooring

Carpet
Yes
Wood
Yes
Other
Yes

Parking Features

Circular Driveway
Yes
Open
Yes

Property Condition

Resale
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Special Information

Sold As-Is
Yes

Utilities

Water Available
Yes

View

Garden
Yes

Heating

Central
Yes

Unit Description

Corner/End Unit
Yes

Water Access

None
Yes

Appliances

Refrigerator
Yes
Washer
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes

Lot Features

Corner Lot
Yes
Room for Pool
Yes

Roof

Composition
Yes
Shingle
Yes

Security Features

None
Yes

Water Source

Public
Yes

Architectural Style

Ranch
Yes

Cooling

Central Air
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes

Master Bedroom/Bath

Combo Tub/Shower
Yes

Pets Allowed YN

Yes
Yes

Restrictions

Other Restrictions
Yes

Storm Protection Details

None
Yes

Tax Information

Homestead Exemption
Yes

Contingencies

None
Yes

Room Information

Living Room Length: 17.00 Length: 17.00 Width: 15.00 Width: 15.00 Level: Main Kitchen Length: 12.00 Length: 12.00 Width: 8.00 Width: 8.00 Level: Main Master Bedroom Length: 15.00 Length: 15.00 Width: 12.00 Width: 12.00 Level: Main
Listing Office: Compass Florida LLC
IDX
Last Updated: January - 10 - 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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