550 S Australian Avenue 800, West Palm Beach, FL 33401 — MLS photo

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550 S Australian Avenue 800, West Palm Beach, FL 33401

Active · Condominium

$5,600,000

550 S Australian Avenue 800, West Palm Beach, FL 33401

Beds
3
Baths
4
Living area
3,286 sq ft
$ / sq ft
$1,704/sq ft
Year built
2028
Lot size
—
HOA fee
$5,093
Annual tax
—

About this property

Welcome to The Berkeley, West Palm Beach's newest collection of distinct waterfront residences. Developed by Al Adelson who brought a new level of sophistication to the area with The Bristol, The Berkeley is similarly destined to be a cornerstone in the downtown skyline. Arquitectonica crafted a rhythmic facade and tranquil interiors to capture the reflective water, light and sky of the surroundings. Every residence will offer unobstructed water views. Conceived to meet a need in its growing market for a luxury product that lives like a single-family home, The Berkeley's valuable site provides several unique opportunities including a landmark location moments from city center, spectacular views, gracious living space and terraces, uncompromised privacy alongside world class amenities.

Property location

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550 S Australian Avenue 800, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms
3
Bathrooms
4
Living area
3,286 sq ft

Exterior & Structure

Property type
Condominium
Year built
2028
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$5,093
County
Palm Beach
MLS listing ID
B26001997
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

-$24,590

Cap rate
0.4%
Net yield
0.4%
Cash-on-cash return
-18.8%
Gross yield
4.6%
Mortgage payment
$26,547/mo
Down payment
$1,400,000
Loan amount
$4,200,000
Annual NOI
$23,486

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