227 Australian Avenue 2c, Palm Beach, FL 33480 — MLS photo

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227 Australian Avenue 2c, Palm Beach, FL 33480

Active · Condominium

$2,495,000

227 Australian Avenue 2c, Palm Beach, FL 33480

Beds
2
Baths
2
Living area
1,287 sq ft
$ / sq ft
$1,939/sq ft
Year built
1985
Lot size
—
HOA fee
$2,519
Annual tax
—

About this property

Look no further if you want to live in the center of it all, ideal for walking to restaurants and shopping, and only one block from the most beautiful beaches. Melbourne House is an excellent full-service boutique building with 24 hr. doorman, heated pool and lots of parking. This elegant 2-bedroom 2 bath residence with split floor plan is ideal for guests and offers floor to ceiling glass sliding doors from each room, allowing in light and garden views. A long spacious outdoor balcony allows for entertaining and relaxing in the refreshing ocean breezes. There are only 25 units in this small pet friendly building. The elegant foyer has black and white marble tiles; the living room has handsome wood flooring. Both bathrooms have been updated, with a brand-new white porcelain bathroom with shower off the guest bedroom. Move in ready to enjoy all that Palm Beach has to offer!

Property location

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227 Australian Avenue 2c, Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,287 sq ft

Exterior & Structure

Property type
Condominium
Year built
1985

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$2,519
County
Palm Beach
MLS listing ID
R11167877
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

-$11,492

Cap rate
0.2%
Net yield
0.2%
Cash-on-cash return
-19.7%
Gross yield
4.4%
Mortgage payment
$11,828/mo
Down payment
$623,750
Loan amount
$1,871,250
Annual NOI
$4,024

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