$2,000,000
Sold · February 23, 2026
359 E Ocean Avenue
Explore the area: Lantana homes for sale · Palm Beach County real estate
Sale Summary
What this home sold for
- Sold price
- $2,000,000
- Vs. list price
- 15.8% under
- Days on market
- 49
- Price per sq ft
- $943
This 3-bedroom single-family home in Hypoluxo Island Add sold for $2,000,000 on February 23, 2026. That was 15.8% below its final list price of $2,375,000. It spent 49 days on the market. At $943 per square foot, it closed 28.6% above the $733 median of the 4 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $2,000,000
- Sold On
- February 23, 2026
- Days on Site
- 49 Days
- Bedrooms
- 3
- Total Baths
- 3
- Full Baths
- 3
- Partial Baths
- 0
- Living Area
- 2,122 sqft
- Total Sq Ft
- 2,932 sqft
- Lot Size
- 0.32 Acres
- Year Built
- 1989
- Property Type
- Single Family
- MLS #
- R11139478
- Property Tax
- $9,950 (2024)
- Subdivision
- HYPOLUXO ISLAND ADD
- Development
- HYPOLUXO ISLAND
- County
- Palm Beach
- Status
- Sold
About This Property
A Rare Waterfront Value on Hypoluxo Island - The Lowest-Priced Coastal Waterfront Home on the Market in All of Palm Beach County . An extraordinary and irreplaceable waterfront opportunity awaits on the tranquil lagoon side of prestigious Hypoluxo Island. As the lowest-priced single-family waterfront property available today on the coastal side of any barrier island in Palm Beach County, this residence represents unmatched value in one of South Florida's most coveted yet quietly undervalued coastal enclaves. This gated boutique estate delivers the perfect blend of luxury, privacy, and island charm. Set along peaceful waters overlooking the protected Lantana Nature Preserve—and just moments from sandy beaches—this home offers the rare ability to live on a true barrier island without the premium price tag typically associated with Palm Beach County's coastal markets. Walk to fine dining, the vibrant local marina, and the energetic coastal lifestyle that defines the area, all while coming home to a serene waterfront retreat. Inside, soaring vaulted ceilings and elegant marble flooring create an airy, sun-filled environment that enhances the home's refined design. The expansive primary suite enjoys calming water views, a generous walk-in closet, and a spa-inspired bath, offering the feel of a private resort sanctuary. The gourmet kitchen, equipped with premium appliances, double convection ovens, and abundant counter space, is ideal for both culinary enthusiasts and entertainers alike. Open-concept living and dining spaces seamlessly transition outdoors to a waterfront oasis. A resort-style saltwater pool with a travertine deck sets the stage for quiet relaxation or hosting unforgettable gatherings. A private dock with a 10,000-pound lift accommodates boats up to 27 feet, providing effortless access to South Florida's iconic waterwaysfrom intracoastal cruising to ocean adventures. Additional features include an electric front gate for enhanced privacy and security, along with impact-rated windows and doors for peace of mind and energy efficiency. This property embodies the essence of refined island living: luxurious yet unpretentious, secluded yet connected, and positioned in one of the most exceptional waterfront value opportunities in all of Palm Beach County. For those seeking a rare chance to own a true coastal waterfront home on a barrier islandthis is the opportunity that simply cannot be replicated.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 1989
- Property Condition
- Resale
- Number of Stories
- 2
- Levels
- Two
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Attached / Garage / Open / Rv Access Parking
- Direction Faces
- South
- Lot Size (Acres)
- 0.32
- Living Sq Ft
- 2,122
- Total Sq Ft
- 2,932
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- R1A(ci
Interior Features
- Appliances
- Cooktop / Dryer / Dishwasher / Electric Water Heater / Disposal / Microwave / Oven / Refrigerator / Water Heater / Washer
- Cooling
- Central Air / Zoned
- Heating
- Central / Zoned
- Flooring
- Marble
- Fireplace
- Yes
- Interior Features
- Breakfast Bar / Cathedral Ceilings / Central Vacuum / Dining Area / Separate Formal Dining Room / Main Level Primary / Vaulted Ceilings / Walk In Closets
- Main Level Bedrooms
- 3
- Main Level Baths
- 3
- Furnished
- Unfurnished
Exterior Features
- Construction
- Stucco
- Roof
- Barrel
- Exterior Features
- Outdoor Living Area
- Private Pool
- Yes
- Pool Features
- In Ground
- Patio & Porch
- Glass Enclosed / Patio / Porch
- Lot Features
- Quarter To Half Acre Lot / Sprinklers Automatic
- Waterfront
- Yes
- Waterfront Features
- Intracoastal Access / Lagoon
- View
- Lagoon
Community & HOA
- Association Amenities
- None
- Community Features
- Gated
- Security
- Security System Owned / Gated Community
- Utilities
- Cable Available / Sewer Available / Water Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 4110
About the Community
Hypoluxo Island Add is a luxury community in Lantana, Palm Beach County, Florida. Properties are priced from $2,600,000 to $13,500,000. Pure Equity lists homes in Hypoluxo Island and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 9
- Under Contract
- 2
- Median List Price
- $3,499,000
- Median $/Sq Ft
- $1,411
- Avg Days on Market
- 115
Frequently Asked Questions
- How do I schedule a tour of 359 E Ocean Avenue, Lantana, FL 33462?
- Use the Tour button on this listing to request a showing of 359 E Ocean Avenue, Lantana, FL 33462. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 359 E Ocean Avenue, Lantana, FL 33462 still available?
- 359 E Ocean Avenue, Lantana, FL 33462 is currently listed as Sold, and has been on the market 49 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 359 E Ocean Avenue, Lantana, FL 33462?
- With 20% down ($475,000) on the $2,375,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 359 E Ocean Avenue, Lantana, FL 33462 is about $12,482/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 359 E Ocean Avenue, Lantana, FL 33462?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 359 E Ocean Avenue, Lantana, FL 33462. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 359 E Ocean Avenue, Lantana, FL 33462?
- Often, yes. The right offer on 359 E Ocean Avenue, Lantana, FL 33462 depends on how it's priced against comparable single family sales in Lantana, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of The Corcoran Group
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$2,000,000
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Listed by Steven R. Presson, The Corcoran Group
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Recent Sales
Recently sold homes in Hypoluxo Island Add
These are the last 4 recorded closings in Hypoluxo Island Add, with the price each home actually sold for rather than what it was listed at. They closed at a median of $792 per square foot. The most recent closed on August 3, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$5,000,000
Sold · August 3, 2026
505 SE Atlantic Drive
3 bed · 4.5 bath · 3,140 sqft · $1,592/sqft
$399,500 under the asking price
Sold$3,475,000
Sold · March 2, 2026
216 SE Atlantic Drive
5 bed · 4 bath · 5,776 sqft · $602/sqft
$320,000 under the asking price
Sold$1,900,000
Sold · November 12, 2025
326 S Atlantic Drive
3 bed · 3 bath · 2,400 sqft · $792/sqft
$95,000 under the asking price
- Photo Coming SoonSold
$2,327,000
Sold · October 15, 2025
618 S Atlantic Drive
5 bed · 4 bath · 3,455 sqft · $674/sqft
$273,000 under the asking price
See every recorded sale in Hypoluxo Island Add or find out what your Hypoluxo Island Add home is worth.
