Cays Realty
5550 N Ocean Drive 5c, Singer Island, FL 33404 — MLS photo

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5550 N Ocean Drive 5c, Singer Island, FL 33404

Active · Condominium

$899,000

5550 N Ocean Drive 5c, Singer Island, FL 33404

Beds
2
Baths
2
Living area
1,435 sq ft
$ / sq ft
$626/sq ft
Year built
1975
Lot size
—
HOA fee
$1,650 Monthly
Annual tax
$14,827

About this property

Water Glades on Singer Island is the first condo complex immediately adjacent to the John D MacArthur State Park. Direct ocean front (and sunrise) views with an unobstructed northeastern view. This building is equipped with tennis, shuffleboard, BBQs, putting green, fitness center, pools and more. A short drive or even walk away from PGA Blvd corridor, this location on this island is ideal. Let this home be your first step into paradise.

Property location

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5550 N Ocean Drive 5c, Singer Island, FL 33404

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,435 sq ft
Flooring
Marble
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Bathtub, Dual Sinks, Family Dining Room, Garden Tub Roman Tub, Main Level Primary, Split Bedrooms, Shower Only, Elevator

Exterior & Structure

Property type
Condominium
Year built
1975
Stories
23
Lot size
0 sq ft
Construction
CBSConcrete Block Structure, Block
Pool
None, Association, Community
Spa
Community
Waterfront
Intracoastal Access, Ocean Access
View
Intercoastal, Ocean

Parking

Covered spaces
0
Parking features
Assigned, Guest, Open, Two Or More Spaces

HOA, Community & Financials

Association fee
$1,650 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Laundry, Pest Control, Recreation Facilities, Security
Amenities
Clubhouse, Fitness Center, Laundry, Library, Management, Pool, Putting Greens, Guard, Spa Hot Tub, Storage, Tennis Courts, Trails, Trash, Elevators
Security
Gated With Guard, Lobby Secured, Security System
Pets allowed
No
Annual tax
$14,827
Subdivision
WATER GLADES CONDO
County
Palm Beach
Days on market
538
MLS listing ID
R11087098
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

-$3,122

Cap rate
1.5%
Net yield
1.5%
Cash-on-cash return
-14.9%
Gross yield
6.7%
Mortgage payment
$4,262/mo
Down payment
$224,750
Loan amount
$674,250
Annual NOI
$13,674

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