Cays Realty
1551 N Flagler Drive Ph L7, West Palm Beach, FL 33401 — MLS photo

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1551 N Flagler Drive Ph L7, West Palm Beach, FL 33401

Active · Condominium

$595,000

1551 N Flagler Drive Ph L7, West Palm Beach, FL 33401

Beds
2
Baths
2
Living area
1,175 sq ft
$ / sq ft
$506/sq ft
Year built
2005
Lot size
—
HOA fee
$1,411 Monthly
Annual tax
$8,269

About this property

2 parking spaces PLUS valet! Penthouse-level living with 10' ceilings and sweeping northeastern views of the ocean, Intracoastal, Palm Beach, and city skyline. This end-cap unit offers added privacy with no visible neighbors and an abundance of natural light throughout. The split-bedroom floor plan features two spacious bedrooms, modern finishes, bamboo wood flooring, impact glass, and in-unit laundry for everyday convenience. Unit includes 2 deeded garage parking spaces. Residents enjoy resort-style amenities including two pools, a fully equipped gym, business center, valet parking, and a 24/7 front desk attendant.

Property location

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1551 N Flagler Drive Ph L7, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,175 sq ft
Flooring
Ceramic Tile, Hardwood, Wood
Appliances
Dryer, Dishwasher, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Kitchen Dining Combo, Split Bedrooms, Tub Shower, Walk In Closets, Pantry
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
2005
Stories
17
Lot size
0 sq ft
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
None, Association, Community
Spa
Community
Waterfront
Intracoastal Access
View
Intercoastal, Ocean

Parking

Garage spaces
2
Covered spaces
2
Parking features
Assigned, Attached, Covered, Deeded, Underground, Garage, Two Or More Spaces

HOA, Community & Financials

Association fee
$1,411 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Insurance, Parking, Sewer, Security, Trash, Water
Amenities
Billiard Room, Business Center, Clubhouse, Fitness Center, Management, Pool, Sauna, Spa Hot Tub, Trash, Elevators
Security
Door Man, Lobby Secured, Security System, Fire Sprinkler System
Pets allowed
No
Annual tax
$8,269
Subdivision
SLADE CONDO
County
Palm Beach
Days on market
227
MLS listing ID
R11169411
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,892

Cap rate
1.9%
Net yield
1.9%
Cash-on-cash return
-13.6%
Gross yield
7.6%
Mortgage payment
$2,821/mo
Down payment
$148,750
Loan amount
$446,250
Annual NOI
$11,145

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