Cays Realty
2860 S Ocean Boulevard 506, Palm Beach, FL 33480 — MLS photo

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2860 S Ocean Boulevard 506, Palm Beach, FL 33480

Active · Condominium

$1,275,000

2860 S Ocean Boulevard 506, Palm Beach, FL 33480

Beds
3
Baths
2
Living area
1,668 sq ft
$ / sq ft
$764/sq ft
Year built
1971
Lot size
—
HOA fee
$1,674 Monthly
Annual tax
$16,601

About this property

Experience luxurious waterfront living in this beautifully renovated corner apartment with spectacular intracoastal views. This modern residence features an open kitchen, spacious living/dining areas, three bedrooms, designer baths, and ample closet space. Floor-to-ceiling impact sliders open to a large west-facing terrace, perfect for sunsets and watching boats. Located in a full-amenity building with a 24-hour doorperson, fitness center, waterfront pool, and covered parking, the property also includes a deeded beach path near the Four Seasons Resort. Walk to restaurants or enjoy a short drive to the Palm Beach Tennis Center, Worth Avenue, and fine dining.

Property location

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2860 S Ocean Boulevard 506, Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
1,668 sq ft
Appliances
Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Eat In Kitchen, Living Dining Room, Split Bedrooms, Shower Only, Utility Room
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1971
Stories
6
Construction
Block, Other
Exterior features
Balcony
Pool
None, Association, Community
Waterfront
Intracoastal Access
View
Intercoastal

Parking

Garage spaces
0
Covered spaces
2
Parking features
Assigned, Covered, Guest

HOA, Community & Financials

Association fee
$1,674 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Insurance, Parking, Pest Control, Sewer, Trash, Water
Amenities
Elevators, Fitness Center, Pool
Security
Door Man, Lobby Secured
Pets allowed
No
Annual tax
$16,601
Subdivision
LA PALMA CONDO
County
Palm Beach
Days on market
614
MLS listing ID
R11048757
Listing status
Active

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

Estimated monthly cash flow

-$3,987

Cap rate
1.9%
Net yield
1.9%
Cash-on-cash return
-13.4%
Gross yield
6.1%
Mortgage payment
$6,044/mo
Down payment
$318,750
Loan amount
$956,250
Annual NOI
$24,683

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