550 S Australian Avenue 404, West Palm Beach, FL 33401 — MLS photo

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550 S Australian Avenue 404, West Palm Beach, FL 33401

Active · Condominium

$3,700,000

550 S Australian Avenue 404, West Palm Beach, FL 33401

Beds
3
Baths
4
Living area
2,590 sq ft
$ / sq ft
$1,429/sq ft
Year built
2028
Lot size
—
HOA fee
$3,757 Monthly
Annual tax
$0

About this property

Welcome to The Berkeley, West Palm Beach's newest collection of distinct waterfront residences. Developed by Al Adelson who brought a new level of sophistication to the area with The Bristol, The Berkeley is similarly destined to be a cornerstone in the downtown skyline. Arquitectonica crafted a rhythmic facade and tranquil interiors to capture the reflective water, light and sky of the surroundings. Every residence will offer unobstructed water views. Conceived to meet a need in its growing market for a luxury product that lives like a single-family home, The Berkeley's valuable site provides several unique opportunities including a landmark location moments from city center, spectacular views, gracious living space and terraces, uncompromised privacy alongside world class amenities.

Property location

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550 S Australian Avenue 404, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms
3
Bathrooms
4
Living area
2,590 sq ft
Flooring
Other
Appliances
Some Gas Appliances, Dryer, Dishwasher, Freezer, Gas Range, Gas Water Heater, Ice Maker, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Dual Sinks, Kitchen Island, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
2028
Stories
25
Lot size
0 sq ft
Construction
Block
Exterior features
Balcony
Pool
None, Association, Community
Spa
In Ground, Community
View
Lake

Parking

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

HOA, Community & Financials

Association fee
$3,757 Monthly
Fee inclusions
Insurance, Security
Amenities
Bike Storage, Business Center, Elevators, Fitness Center, Pool, Spa Hot Tub
Security
Fire Alarm, Lobby Secured, Smoke Detectors, Security System
Pets allowed
No
Annual tax
$0
Subdivision
The Berkeley
County
Palm Beach
Days on market
231
MLS listing ID
R11155887
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

-$10,102

Cap rate
2.4%
Net yield
2.4%
Cash-on-cash return
-11.7%
Gross yield
4.8%
Mortgage payment
$17,540/mo
Down payment
$925,000
Loan amount
$2,775,000
Annual NOI
$89,256

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