Cays Realty
3550 S Ocean Boulevard 6b, South Palm Beach, FL 33480 — MLS photo

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3550 S Ocean Boulevard 6b, South Palm Beach, FL 33480

Active · Condominium

$4,995,000

3550 S Ocean Boulevard 6b, South Palm Beach, FL 33480

Beds
3
Baths
4
Living area
2,965 sq ft
$ / sq ft
$1,685/sq ft
Year built
2019
Lot size
—
HOA fee
$5,789 Monthly
Annual tax
$67,932

About this property

Indulge in modern oceanfront sophistication at 3550 South Ocean with this 3 bed/3.1 bath + den residence in a 2019 boutique building. Designed by Champalimaud, the home features Austrian white oak floors, a Molteni kitchen with marble countertops and island, Miele appliances, Fantini fixtures, Venetian plaster walls, and custom designer closets, all complemented by automated home lighting system & custom motorized shades for effortless light & privacy control. Residents enjoy a gated setting with an oceanfront pool, fitness center, concierge, and valet. Perfectly positioned on Palm Beach's serene south end, just minutes from Worth Avenue, the Eau Palm Beach, premier golf, marinas, and Palm Beach International Airport. Pets welcome.

Property location

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3550 S Ocean Boulevard 6b, South Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
3
Bathrooms
4
Living area
2,965 sq ft
Flooring
Hardwood, Marble, Wood
Appliances
Built In Oven, Dryer, Dishwasher, Freezer, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Bathtub, Closet Cabinetry, Dual Sinks, Entrance Foyer, Kitchen Island, Living Dining Room, Main Level Primary, Split Bedrooms, Shower Only, Walk In Closets, Elevator, Pantry, Utility Room
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
2019
Stories
7
Lot size
0 sq ft
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
None, Association, Community
Spa
Community
View
Ocean

Parking

Garage spaces
2
Covered spaces
4
Parking features
Assigned, Covered, Deeded, Garage, Two Or More Spaces

HOA, Community & Financials

Association fee
$5,789 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Insurance, Parking, Sewer, Security, Trash, Water
Amenities
Bike Storage, Elevators, Fitness Center, Management, Pool, Spa Hot Tub, Storage, Trails, Trash
Security
Lobby Secured, Security System, Fire Sprinkler System, Intercom, Smoke Detectors
Pets allowed
No
Annual tax
$67,932
Subdivision
3550 SOUTH OCEAN CONDO
County
Palm Beach
Days on market
249
MLS listing ID
R11131621
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

-$20,877

Cap rate
0.7%
Net yield
0.7%
Cash-on-cash return
-17.9%
Gross yield
4.6%
Mortgage payment
$23,679/mo
Down payment
$1,248,750
Loan amount
$3,746,250
Annual NOI
$33,623

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