3101 S Ocean Boulevard 322, Highland Beach, FL 33487 — MLS photo

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3101 S Ocean Boulevard 322, Highland Beach, FL 33487

Active · Condominium

$580,000

3101 S Ocean Boulevard 322, Highland Beach, FL 33487

Beds
2
Baths
2
Living area
988 sq ft
$ / sq ft
$587/sq ft
Year built
1970
Lot size
—
HOA fee
$1,795 Monthly
Annual tax
$8,274

About this property

Glorious Direct Ocean Veiew!!! Watch th sun rise out of the ocean every morning while at night you'll marvel as the Moon contines on its nocturnal arc... all from your very own oceanfront Paradise located in very, very desirable Highland Beach. Relax in the balmy ocean breeze of your own personal piece of Paradise by the Sea captivated by the sounds of rolling seas as waves sweep ashore and ships sail acaross the horizon. Large Infinity Pool is oceanside and Commnity Clubhouse provides a large and comfortable party roomm with kitchen. Manager is on-site in the clubhouse which features a fitness area (with equipment) library, TV viewing space, billiards and ping pong. Penthouse Towers has long enjoyed its reputaton as a "friendly buillding (MORE) and you will find the residents to be active, social and friendly. Social events "on site and off" are scheduled throughout the year with numerous opportunities to engage and make new friends. The location couldn't be better and more central to what you want to do.... go stroll a short ways down the Beach to nearby Delray Sands Resort for Breakfast, Lunch, Happy Hour and Fine Dining. Exciting downtown Delray Beach is just minutes away with its buzzing ''Atlantic Avenue'' social and entertainment scene featuring over 60 restaurants and night clubs. There is also Boca Raton's Exciting Social Scene in nearby and very chic Mizner Park with its high end shopping, fine dining and the treasured outdoor amphitheater venue for traveling name acts and entertainers. Local restaurants, pharmacies and grocery shopping are all within two to three miles including Whole Foods, Trader Joes, Fresh Foods, Publix and Walmart Neighborhood Grocery. Two local hospitals are both within 12 to 15 minutes drive and local First Responders are just a half mile away. Come live the life you've been dreaming of for too, too long. Highland Beach features some of the very best water in all of Florida sourced from the deep Florida Acquiverand further processed through the town's reverse osmosis water filtration system . Building's structural integrity study is complete and mandatory reserves for future capital improvements are being fully funded.

Property location

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3101 S Ocean Boulevard 322, Highland Beach, FL 33487

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
988 sq ft
Flooring
Carpet, Tile
Appliances
Dishwasher, Electric Range, Disposal, Refrigerator
Cooling
Central Air, Ceiling Fans, Reverse Cycle
Heating
Heat Pump
Interior features
Living Dining Room, Stacked Bedrooms, Tub Shower, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1970
Stories
10
Lot size
0 sq ft
Architectural style
One Story
Roof
Tar Gravel
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Shutters Electric, Storm Security Shutters
Pool
None, Association, Community, Heated
View
Ocean, Pool, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Covered, Deeded, Underground, Garage, Guest, One Space

HOA, Community & Financials

Association fee
$1,795 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Internet, Laundry, Pest Control, Pools, Recreation Facilities, Reserve Fund, Sewer, Trash, Water
Association
Campbell Property Ma
Association contact
561-278-8092
Amenities
Billiard Room, Bike Storage, Clubhouse, Community Kitchen, Fitness Center, Laundry, Library, Management, Pool, Shuffleboard Court, Storage, Trash, Vehicle Wash Area, Elevators
Security
Fire Sprinkler System, Smoke Detectors
Pets allowed
No
Annual tax
$8,274
Subdivision
PENTHOUSE TOWERS CONDO
County
Palm Beach
Days on market
219
MLS listing ID
B26002198
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

-$2,537

Cap rate
0.4%
Net yield
0.4%
Cash-on-cash return
-18.7%
Gross yield
7.0%
Mortgage payment
$2,749/mo
Down payment
$145,000
Loan amount
$435,000
Annual NOI
$2,554

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