4605 S Ocean Boulevard 3b, Highland Beach, FL 33487 — MLS photo

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4605 S Ocean Boulevard 3b, Highland Beach, FL 33487

Active · Condominium

$2,990,000

4605 S Ocean Boulevard 3b, Highland Beach, FL 33487

Beds
4
Baths
5
Living area
4,298 sq ft
$ / sq ft
$696/sq ft
Year built
1981
Lot size
—
HOA fee
$4,669 Monthly
Annual tax
$19,145

About this property

Move-in ready 2-story ''Beach House'' living inside Parker Highland awaits - with ocean and pool access right outside your door. This Ralph Lauren-designed SW corner townhouse offers over 4,700 total SF with 4 beds, Office, Den, 5 full baths. Lower level has direct access to pool, BBQ and beach - no lobby or elevator needed. Ocean views from 2 wraparound balconies and 270° of natural light. Fully renovated, with high-end finishes and appliances. This Beach Home comes with 2 garage spots and A/C storage. Parker Highland has only 26 units, completely modernized, full reserves and in full compliance. It is a midrise, self-managed, pet-friendly, oceanfront building with 400' of private beach, glass balconies, impact windows, generator, high elevation, rebar construction, and its own dog park. Residence 2B-3B offers 4,298 SF of living space across two floors connected by an interior staircase. Each floor has its own entrance, and the building elevator serves both levels. There is no private elevator inside the residence. The upper level includes the primary suite, a separate office, living and dining areas, and a sitting area with a large south-facing arched bay window. The lower level has three bedrooms, three full bathrooms and a den with direct outdoor access. This arrangement gives guests their own space while keeping everyone connected within one home. The kitchen features Cambria quartz countertops, soft-close cabinets and appliances by Miele, Fisher & Paykel and Faber. The separate laundry room includes LG appliances, a Blanco sink and generous storage. The primary suite has custom closets and a bathroom with Venetian plaster and a Hydro Systems air tub. Bathroom finishes include marble, Toto fixtures, Hansgrohe shower hardware and cabinets with full-extension drawers and soft-close operation. Throughout the residence, smooth ceilings, custom solid doors, crown molding, rounded wall corners, arches and niches add detail. Flooring combines ceramic tile, porcelain and marble, with wood-look porcelain in the office. Motorized window treatments include bedroom blackout shades. Dimmable LED, soffit and niche lighting provide options for different times of day. Sonos speakers, enhanced wireless coverage, an Electrolux central vacuum and Ring cameras add everyday convenience. The three-zone A/C system was updated in 2022, and two water heaters were installed in 2023. Each floor has a Hague water filtration system. A DROP leak-control system is also installed. Both wraparound balconies face south and west, offering ocean and greenery views along with afternoon light and sunset views to the west. The balcony reconstruction included glass railings, window waterproofing and Sika non-slip flooring. Two deeded garage spaces and private air-conditioned storage accompany the residence. Shared storage is available for bicycles, surfboards and kayaks, with additional space for beach items near the beach entrance. Parker Highland has completed its 40-year milestone inspection and Structural Integrity Reserve Study. Building improvements include façade, balcony and parking deck restoration. The parking deck received upgraded waterproofing and a Sika traffic coating. Other improvements include replacement of the roof, elevators, fire pump, cooling tower and generator, along with electrical work. The pool, reception area, lobby and mailroom have also been updated. Residents have access to a heated pool and spa, a BBQ area, fitness room, social and game room, and the building's dog park. The lobby has doorman service, and building access is controlled through key fobs and cameras. A parking deck accommodates guests, and private beach access is complemented by a beach cleaning service. Pets and rentals are permitted subject to association rules. Highland Beach sits between Boca Raton and Delray Beach, with the Atlantic Ocean to the east and the Intracoastal Waterway to the west. Mizner Park and Atlantic Avenue provide nearby options for dining, shopping and entertainment. Measurements are approximate. Buyers should verify specifications, association rules, financial information and the status of building improvements.

Property location

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4605 S Ocean Boulevard 3b, Highland Beach, FL 33487

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Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
4,298 sq ft
Flooring
Ceramic Tile, Marble
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Water Softener Owned, Self Cleaning Oven, Water Softener, Water Purifier, Washer
Cooling
Electric, Central Air
Heating
Central, Electric
Interior features
Breakfast Area, Bathtub, Dining Area, Separate Formal Dining Room, Dual Sinks, Entrance Foyer, Family Dining Room, Jetted Tub, Kitchen Island, Main Living Area Upper Level, Split Bedrooms, Shower Only, Upper Level Primary, Walk In Closets, Bay Window, Central Vacuum, Loft, Pantry
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1981
Stories
8
Lot size
0 sq ft
Architectural style
Two Story, Split Level
Roof
Built Up, Flat, Tile
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Porch
Pool
None, Association, Community
Spa
Community
View
Garden, Ocean, Pool

Parking

Garage spaces
2
Covered spaces
2
Parking features
Assigned, Attached, Deeded, Underground, Garage, Two Or More Spaces

HOA, Community & Financials

Association fee
$4,669 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Legal Accounting, Pest Control, Pools, Recreation Facilities, Reserve Fund, Roof, Sewer, Security, Trash, Water
Amenities
Billiard Room, Bike Storage, Clubhouse, Controlled Access, Fitness Center, Management, Pool, Spa Hot Tub, Storage, Trash, Elevators
Security
Closed Circuit Cameras, Door Man, Fire Alarm, Intercom, Key Card Entry, Lobby Secured, Phone Entry, Security System, Smoke Detectors
Pets allowed
No
Annual tax
$19,145
Subdivision
Parker Highland
County
Palm Beach
Days on market
922
MLS listing ID
R10972732
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$7,820

Cap rate
2.6%
Net yield
2.6%
Cash-on-cash return
-11.2%
Gross yield
6.4%
Mortgage payment
$14,174/mo
Down payment
$747,500
Loan amount
$2,242,500
Annual NOI
$76,254

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.