4505 S Ocean Boulevard 1008, Highland Beach, FL 33487 — MLS photo

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4505 S Ocean Boulevard 1008, Highland Beach, FL 33487

Active · Condominium

$749,000

4505 S Ocean Boulevard 1008, Highland Beach, FL 33487

Beds
1
Baths
2
Living area
1,100 sq ft
$ / sq ft
$681/sq ft
Year built
1974
Lot size
—
HOA fee
$1,601
Annual tax
—

About this property

RARE AND STUNNING TRIPLE-VIEW OCEANFRONT PENTHOUSE — Direct Ocean, Intracoastal & North Coastline Views, on the Sand. Sunrise from the east ocean balcony, sunset from the shaded north balcony. Light and bright, open concept living with ocean views from every room. Impact windows & doors, large porcelain tile floors. Turnkey, move-in ready. Kitchen has granite counters, stainless appliances, dual sinks, pantry, large island with wine storage & cooler. Main bath has a spacious walk-in shower, dual sinks vanity and separate toilet room w/ sink. Primary bedroom has ample storage and walk-in closet with built-ins. Flex den/media room can be converted back to 2nd bedroom. Assigned covered parking. Oceanfront pool, sundeck, clubhouse w/ bar, and grill area. Investor & pet-friendly. Highland Beach is a rare, low-density barrier island town positioned perfectly between Boca Raton to the south and Delray Beach to the north — true oceanfront just minutes from both vibrant downtowns. Enjoy Boca's sophistication on one side and Delray's iconic "The Avenue" on the other. Nearby is Spanish River Park, Gumbo Limbo Nature Center (oceanfront sea turtle rehab & marine center), and Red Reef Park's scenic beachfront public golf course on A1A, golf with ocean & Intracoastal views. Dine oceanfront at Latitudes, Delray Sands Resort, right in Highland Beach, or enjoy world-class shopping and dining at Mizner Park, Royal Palm Place, and Town Center Mall minutes south. Boaters enjoy quick access to the Boca Raton Inlet & Intracoastal. Close to Boca Raton's private airport, FAU, Lynn University, and golf.

Property location

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4505 S Ocean Boulevard 1008, Highland Beach, FL 33487

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
1,100 sq ft

Exterior & Structure

Property type
Condominium
Year built
1974
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,601
County
Palm Beach
MLS listing ID
R11161861
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

-$3,138

Cap rate
0.7%
Net yield
0.7%
Cash-on-cash return
-18.0%
Gross yield
6.5%
Mortgage payment
$3,551/mo
Down payment
$187,250
Loan amount
$561,750
Annual NOI
$4,946

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