3 Water Club Way 1902, North Palm Beach, FL 33408 — MLS photo

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3 Water Club Way 1902, North Palm Beach, FL 33408

Active · Condominium

$7,995,000

3 Water Club Way 1902, North Palm Beach, FL 33408

Beds
3
Baths
6
Living area
4,767 sq ft
$ / sq ft
$1,677/sq ft
Year built
2020
Lot size
—
HOA fee
$6,027
Annual tax
—

About this property

This amazing penthouse suite occupies the entire top floor of Building # 3 at Water Club in North Palm Beach. Enjoy breathtaking views from the Great Room where the East wall is a 42-foot-long by 11-foot-tall wall of glass overlooking the Atlantic Ocean and Lost Tree Village like a postcard. Designed by the owner with the developer prior to construction, this signature property is 1 of 1 with 360-degree views and next level finishes not seen at Water Club. Reading more like an ultra-luxury home in the sky than a condominium, this suite has a great room/kitchen area that would rival the finest area single-family homes. The wood paneled library is a dream workspace with room for a conference table, desk area, reading area, and expansive bookshelves, plus a full private bath. A private gym with half bath, den, guest suite, her office with walk-in closet and bath, powder room, laundry, and two elevator foyers round out the space. Best of all, this penthouse has four assigned parking spaces under the building. Water Club has world class amenities like 24/7 manned and gated security, private elevator lobbies, underground parking, two private clubhouses with bar and billiards table, resort style pools, day dock, lap pool, two fitness centers, with yoga/pilates studio, spa, fire pits, pickleball court, guest suites, and more.

Property location

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3 Water Club Way 1902, North Palm Beach, FL 33408

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Facts & features

Interior

Bedrooms
3
Bathrooms
6
Living area
4,767 sq ft

Exterior & Structure

Property type
Condominium
Year built
2020

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$6,027
County
Palm Beach
MLS listing ID
R11151736
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

-$33,740

Cap rate
0.6%
Net yield
0.6%
Cash-on-cash return
-18.1%
Gross yield
4.6%
Mortgage payment
$37,900/mo
Down payment
$1,998,750
Loan amount
$5,996,250
Annual NOI
$49,930

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