550 Okeechobee Boulevard 1112, West Palm Beach, FL 33401 — MLS photo

Active · Condominium

$509,000

550 Okeechobee Boulevard 1112, West Palm Beach, FL 33401

Beds: 1
Baths: 1
Living area: 755 sq ft
$ / sq ft: $674/sq ft
Year built: 2008
Lot size: —
HOA fee: $856 Monthly
Annual tax: $7,677

About this property

Discover the epitome of urban living at 550 Okeechobee Blvd, Unit 1112, within the prestigious Cityplace South Tower in downtown West Palm Beach. This exceptional 1-bedroom, 1-bathroom residence offers a lifestyle of convenience and sophistication. Situated in the heart of the vibrant Cityplace district, you'll enjoy proximity to shops, restaurants, the Kravis Center, and the Convention Center just steps from your front door. Step inside this elegant urban retreat to find upgraded flooring throughout, creating a warm and inviting ambiance. The kitchen boasts granite countertops and stainless steel appliances, making meal preparation a delight. Resident only amenities include 86' Infinity Edge heated pool, hot tub, fully equipped outdoor kitchen, and fitness center. Pet-friendly building. Free valet parking and 24-hour doorman included.

Property location

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550 Okeechobee Boulevard 1112, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms: 1
Bathrooms: 1
Living area: 755 sq ft
Flooring: Vinyl
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Cooling: Central Air, Electric
Heating: Central, Electric
Interior features: Bedroom On Main Level, Living Dining Room, Main Level Primary, Walk In Closets
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 2008
Stories: 1
Roof: Concrete, Tile
Construction: CBSConcrete Block Structure, Block
Exterior features: Balcony
Pool: None, Association, Community
Spa: Community

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: Attached, Covered, Garage, Guest, One Space

HOA, Community & Financials

Association fee: $856 Monthly
Fee inclusions: Insurance, Sewer, Trash, Water
Amenities: Billiard Room, Business Center, Clubhouse, Fitness Center, Management, Pool, Spa Hot Tub, Storage, Trash, Elevators
Security: Door Man, Lobby Secured, Security System
Pets allowed: No
Annual tax: $7,677
Subdivision: CITYPLACE SOUTH TOWER COND
County: Palm Beach
Days on market: 216
MLS listing ID: R11159097
Listing status: Active

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Monthly HOA ($)

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Estimated monthly cash flow

-$1,722

Cap rate: 1.6%
Net yield: 1.6%
Cash-on-cash return: -14.5%
Gross yield: 6.5%
Mortgage payment: $2,413/mo
Down payment: $127,250
Loan amount: $381,750
Annual NOI: $8,285

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