1 Water Club Way 402, North Palm Beach, FL 33408 — MLS photo

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1 Water Club Way 402, North Palm Beach, FL 33408

Active · Condominium

$1,295,000

1 Water Club Way 402, North Palm Beach, FL 33408

Beds
2
Baths
3
Living area
1,850 sq ft
$ / sq ft
$700/sq ft
Year built
2016
Lot size
49,780 sq ft
HOA fee
$2,191
Annual tax
—

About this property

Excellent North Palm Beach location, just minutes from PGA Boulevard's dining, shopping, and beaches. This highly sought-after Cobalt Model offers 2 bedrooms plus a den and 2.5 baths across more than 2,100 total square feet. Enjoy breathtaking sunrises over the wide Intracoastal waters and the lush greenery of MacArthur State Park. Inside, designer finishes and premium appliances enhance the open-concept layout, while two expansive terraces create seamless indoor-outdoor living—perfect for entertaining family and friends. Water Club's resort-style amenities include a private elevator opening directly into your residence, doorman and concierge services, a state-of-the-art fitness center, spa with steam shower, three pools including a 75-foot lap pool, pickleball courts, and a 24-hour manned gate. Additional features include 2 EV-ready parking spaces, a dog park with pet-wash station, Wi-Fi throughout common areas, a kayak launch, and available docks.

Property location

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1 Water Club Way 402, North Palm Beach, FL 33408

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Facts & features

Interior

Bedrooms
2
Bathrooms
3
Living area
1,850 sq ft

Exterior & Structure

Property type
Condominium
Year built
2016
Lot size
49,780 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$2,191
County
Palm Beach
MLS listing ID
R11129264
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

-$4,934

Cap rate
1.1%
Net yield
1.1%
Cash-on-cash return
-16.3%
Gross yield
6.4%
Mortgage payment
$6,139/mo
Down payment
$323,750
Loan amount
$971,250
Annual NOI
$14,461

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