Interior
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 615 sq ft
- Flooring
- Tile
- Appliances
- Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator
- Cooling
- Central Air, Ceiling Fans
- Heating
- Central
- Furnished
- Partially
Active · Condominium
$225,000
5505 N Ocean Boulevard 13-204, Ocean Ridge, FL 33435
- Beds
- 1
- Baths
- 1
- Living area
- 615 sq ft
- $ / sq ft
- $366/sq ft
- Year built
- 1969
- Lot size
- —
- HOA fee
- $788 Monthly
- Annual tax
- $2,524
About this property
Updated coastal retreat one building from the beach! Beautifully refreshed second floor residence in highly desirable Ocean Ridge. This bright one bed, one bath home features an open layout, sleek white kitchen, and a tranquil garden view bedroom. Major upgrades include: new A/C, FULL impact windows, large custom closet, and crown molding. Colonial Ridge offers a quiet setting with private beach access, plus close proximity to the Intracoastal, dining, shopping, and 25 minute access to airport. A rare turnkey opportunity combining comfort, style, and coastal living.
Property location
Get Directions5505 N Ocean Boulevard 13-204, Ocean Ridge, FL 33435
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1969
- Stories
- 2
- Lot size
- 0 sq ft
- Architectural style
- Garden Apartment, Split Level
- Roof
- Concrete, Tile
- Construction
- CBSConcrete Block Structure, Block, Stucco
- Pool
- None, Association, Community
- Waterfront
- Ocean Access
- View
- Garden, Ocean
Parking
- Covered spaces
- 0
- Parking features
- Assigned, One Space
HOA, Community & Financials
- Association fee
- $788 Monthly
- Fee inclusions
- Common Area Maintenance, Insurance, Laundry, Pest Control, Pools, Sewer, Trash, Water
- Association
- CMC Property Managem
- Association contact
- (561)641-1016
- Amenities
- Beach Rights, Clubhouse, Laundry, Pool, Shuffleboard Court
- Pets allowed
- No
- Annual tax
- $2,524
- Subdivision
- Colonial Ridge Corp
- County
- Palm Beach
- Days on market
- 167
- MLS listing ID
- R11167166
- Listing status
- Active
Virtual tour
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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
-$643
- Cap rate
- 2.3%
- Net yield
- 2.3%
- Cash-on-cash return
- -12.2%
- Gross yield
- 9.2%
- Mortgage payment
- $1,067/mo
- Down payment
- $56,250
- Loan amount
- $168,750
- Annual NOI
- $5,086
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.