Cays Realty
5600 N Flagler Drive 605, West Palm Beach, FL 33407 — MLS photo

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5600 N Flagler Drive 605, West Palm Beach, FL 33407

Active · Condominium

$299,000

5600 N Flagler Drive 605, West Palm Beach, FL 33407

Beds
2
Baths
2
Living area
1,170 sq ft
$ / sq ft
$256/sq ft
Year built
1978
Lot size
—
HOA fee
$1,355 Monthly
Annual tax
$4,262

About this property

Welcome to Unit 605, a rare high-floor, south-facing intracoastal residence bathed in natural light with water views. Beautifully updated and completely move-in ready, this bright and open home features a private balcony overlooking the sparkling Intracoastal. Resort-caliber amenities include 24-hour manned security, full concierge, heated saltwater pool, private beach, day dock, tiki hut, BBQ areas and a fitness center. HOA covers cable, internet and water. Perfect as a primary residence, seasonal escape or investment property, all just minutes from dining, shopping and downtown. All reviews have been completed as well!

Property location

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5600 N Flagler Drive 605, West Palm Beach, FL 33407

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,170 sq ft
Flooring
Marble
Appliances
Dryer, Dishwasher, Freezer, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, Living Dining Room, Main Level Primary, Split Bedrooms, Shower Only, Walk In Closets, Pantry
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1978
Stories
30
Lot size
0 sq ft
Architectural style
High Rise
Roof
Other
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
None, Association, Community
Waterfront
Intracoastal Access, Ocean Access
View
Intercoastal, Ocean

Parking

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

HOA, Community & Financials

Association fee
$1,355 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Internet, Parking, Pest Control, Recreation Facilities, Security, Trash, Water
Amenities
Beach Rights, Boat Dock, Billiard Room, Clubhouse, Fitness Center, Library, Management, Barbecue, Picnic Area, Pool, Guard, Sauna, Storage, Elevators
Security
Closed Circuit Cameras, Gated With Guard, Lobby Secured, Security Lights, Security System
Pets allowed
No
Annual tax
$4,262
Subdivision
Palm Beach House
County
Palm Beach
Days on market
252
MLS listing ID
R11153654
Listing status
Active

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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

-$667

Cap rate
3.0%
Net yield
3.0%
Cash-on-cash return
-9.6%
Gross yield
11.8%
Mortgage payment
$1,417/mo
Down payment
$74,750
Loan amount
$224,250
Annual NOI
$9,007

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