4517 S Ocean Boulevard, Highland Beach, FL 33487 — MLS photo

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4517 S Ocean Boulevard, Highland Beach, FL 33487

Active · Townhouse

$5,395,000

4517 S Ocean Boulevard, Highland Beach, FL 33487

Beds
4
Baths
5
Living area
3,667 sq ft
$ / sq ft
$1,471/sq ft
Year built
1990
Lot size
2,913 sq ft
HOA fee
$667
Annual tax
—

About this property

Rare opportunity to own a 3-level beachfront townhome with low HOA fees. One of only three units, 4517 is centrally located with direct oceanfront views from every level. The living room opens to a patio, yard, and the beach just 50 steps away. Two primary suites feature large closets, private baths, and oceanfront balconies. A third bedroom includes a private bath and sitting room. The fourth bedroom is a guest house with a full bath and walk-in closet—perfect as a cabana or gym. Enjoy a private courtyard, pool, 2-car garage, and gated entry. Move-in ready or update to your taste. No rental restrictions, great income potential! New Balconies and Pavers to be completed! This is a rare opportunity to own a stunning three-level townhome directly on the sand, offering the ultimate beachfront living experience with low HOA fees. One of only three units, 4517 is perfectly positioned in the middle, providing breathtaking direct oceanfront views from every level. The spacious living room opens to a private patio and yard, with the beach just 50 steps away. Two luxurious master suites feature large closets, private bathrooms, and oceanfront balconies, while a third bedroom offers its own private bath and sitting room. A separate guest house serves as the fourth bedroom, complete with a full bath and a large walk-in closet ideal as a cabana, gym, or private retreat. Additional highlights include a private courtyard and pool, a two-car attached garage, and a secure gated entrance. The home is move-in ready and tastefully furnished, or bring your contractor to customize it to your taste. With no rental restrictions, this property offers tremendous rental potential for non-primary users. HOA fees cover exterior water, liability insurance, and groundskeeping, making this an effortless and lucrative investment. Don't miss out on this beachfront gem!

Property location

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4517 S Ocean Boulevard, Highland Beach, FL 33487

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Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
3,667 sq ft

Exterior & Structure

Property type
Townhouse
Year built
1990
Lot size
2,913 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$667
County
Palm Beach
MLS listing ID
R11163038
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

-$18,638

Cap rate
1.5%
Net yield
1.5%
Cash-on-cash return
-14.8%
Gross yield
4.8%
Mortgage payment
$25,575/mo
Down payment
$1,348,750
Loan amount
$4,046,250
Annual NOI
$83,246

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