2160 Ibis Isle Road 1, Palm Beach, FL 33480 — MLS photo

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2160 Ibis Isle Road 1, Palm Beach, FL 33480

Active · Condominium

$2,995,000

2160 Ibis Isle Road 1, Palm Beach, FL 33480

Beds
4
Baths
4
Living area
2,592 sq ft
$ / sq ft
$1,155/sq ft
Year built
1969
Lot size
—
HOA fee
$2,000 Monthly
Annual tax
$12,987

About this property

DIRECT WATERFRONT! A rare opportunity to own an exceptionally reimagined waterfront residence, this 4-bedroom, 4-bath ground-floor home at Chateau Cheverny captures the essence of refined coastal living. Meticulously renovated in 2020, this double-sized condominium offers an impressive 2,592 square feet of barrier-free elegance and the unmistakable feeling of a private home—all set against the backdrop of the majestic Intracoastal Waterway. Step into this well-situated condo unit with French oak floors into a world of timeless sophistication. The grand living room unfolds toward an expansive lanai, where manicured lawns meet endless blue horizons. Every detail has been curated for both beauty and comfort. Custom lighting, motorized blinds, and high ceilings enhance the sense of ... space and serenity. The gourmet kitchen is a culinary dream, featuring a generous island, sleek Miele appliances, and a built-in grill topperfect for hosting unforgettable gatherings. A library/office with bespoke built-ins offers a tranquil retreat for reading or work, while the wet bar adds a touch of artful indulgence. Each bedroom has been thoughtfully designed as a private sanctuary, complete with custom closet systems, Nest climate control, and sweeping water views that soothe the soul. The home is fully protected with impact windows, doors, and sliders, and constructed with concrete block and reinforced slabs for ultimate peace of mind. Outdoors, the lanai invites relaxation with lighting, ceiling fans, and a graceful awning that frames the water's edge. A covered front patio and additional storage room complete this exceptional residence. Nestled within an exclusive private island enclave, residents enjoy an atmosphere of effortless tranquility with two resort-style pools, open-air cabanas, a scenic walking trail, and a guardhouse. All thisjust minutes from world-class dining, boutique shopping, cultural attractions, and pristine beaches. This is more than a home. It's a statement of elegance, serenity, and waterfront perfection.

Property location

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2160 Ibis Isle Road 1, Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
4
Bathrooms
4
Living area
2,592 sq ft
Flooring
Hardwood, Wood
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Wet Bar, Bathtub, Dining Area, Separate Formal Dining Room, Eat In Kitchen, Kitchen Island, Split Bedrooms, Shower Only, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1969
Stories
3
Architectural style
Garden Apartment, Split Level
Roof
Other
Construction
CBSConcrete Block Structure, Block
Exterior features
Patio
Pool
None, Association, Community
Waterfront
Intracoastal Access
View
Intercoastal

Parking

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

HOA, Community & Financials

Association fee
$2,000 Monthly
Fee inclusions
Cable Tv, Insurance, Sewer, Security, Trash, Water
Amenities
Pool, Security, Trails
Security
Smoke Detectors, Security Guard
Pets allowed
No
Annual tax
$12,987
Subdivision
CHATEAU CHEVERNY IBIS ISLE
County
Palm Beach
Days on market
344
MLS listing ID
R11138895
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

-$7,415

Cap rate
2.7%
Net yield
2.7%
Cash-on-cash return
-10.6%
Gross yield
5.2%
Mortgage payment
$14,198/mo
Down payment
$748,750
Loan amount
$2,246,250
Annual NOI
$81,390

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