Cays Realty
3456 S Ocean Boulevard 1040, Palm Beach, FL 33480 — MLS photo

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3456 S Ocean Boulevard 1040, Palm Beach, FL 33480

Active · Condominium

$550,000

3456 S Ocean Boulevard 1040, Palm Beach, FL 33480

Beds
2
Baths
2
Living area
1,226 sq ft
$ / sq ft
$449/sq ft
Year built
1973
Lot size
—
HOA fee
$1,837 Monthly
Annual tax
$5,500

About this property

VERY MOTIVATED SELLER! Spectacular Ocean to Intercostal views. Enjoy these views as you relax on its 40 foot balcony. Beachfront Living at its finest. A walk down the hall on the 1st floor and through one door will take you to the pool area and beach. You will find covered canopies, umbrella tables, two large gas grills, and steps to the sandy white beach. Also enjoy the many amenities: gym, Saunas, Car Wash, Billiards, Library and Bike Room. 15 minutes to PBI airport, Par 4 Golf Course, Worth Avenue and Palm Beach Tennis. Short stroll to shopping and dining.

Property location

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3456 S Ocean Boulevard 1040, Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,226 sq ft
Flooring
Ceramic Tile, Marble
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Cooling
Electric, Central Air
Heating
Central, Electric
Interior features
Living Dining Room, Split Bedrooms, Shower Only, Separate Shower, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1973
Stories
8
Lot size
0 sq ft
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Outdoor Grill, Storm Security Shutters
Pool
None, Association, Community
Waterfront
Intracoastal Access
View
Intercoastal, Ocean

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Underground, Garage, Guest, One Space

HOA, Community & Financials

Association fee
$1,837 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Internet, Parking, Pest Control, Sewer, Trash, Water
Amenities
Billiard Room, Bike Storage, Clubhouse, Elevators, Fitness Center, Library, Management, Pool, Sauna, Storage, Trash
Security
Closed Circuit Cameras, Door Man, Lobby Secured, Security System, Smoke Detectors
Pets allowed
No
Annual tax
$5,500
Subdivision
CLARIDGES I CONDO
County
Palm Beach
Days on market
282
MLS listing ID
R11153221
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

-$1,876

Cap rate
1.6%
Net yield
1.6%
Cash-on-cash return
-14.6%
Gross yield
8.1%
Mortgage payment
$2,607/mo
Down payment
$137,500
Loan amount
$412,500
Annual NOI
$8,771

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