1355 S Flagler Drive 503, West Palm Beach, FL 33401 — MLS photo

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1355 S Flagler Drive 503, West Palm Beach, FL 33401

Active · Condominium

$16,650,000

1355 S Flagler Drive 503, West Palm Beach, FL 33401

Beds
3
Baths
5
Living area
4,970 sq ft
$ / sq ft
$3,350/sq ft
Year built
2027
Lot size
—
HOA fee
$10,983 Monthly
Annual tax
$0

About this property

South Tower Residence 503 at South Flagler House captures the essence of waterfront living with 3 BR and 4.1 BA designed for elegance and ease. A private elevator opens to a sunlit great room with sweeping views of the Intracoastal, Palm Beach Island, and the Atlantic Ocean. The primary suite is a serene retreat with dual baths & dual walk-in closets. Thoughtfully designed for both comfort and entertaining, the residence features an eat-in kitchen and a library/office. Dual loggias, positioned on the east and west sides, offer expansive outdoor living that flows effortlessly from the interiors. South Flagler House, presented by Related Ross, combines the timeless style of Robert A.M. Stern Architects & the luxurious aesthetic of Pembrooke & Ives, resulting in soulful spaces designed for an enhanced lifestyle. Primely positioned on 3.4 acres along the Intracoastal Waterway at 1355 S Flagler Dr. South Flagler House features two 28-story structures with 105 beautifully appointed 2-to-5-bedroom homes. Representing the single largest amenity offering per residence in all of Palm Beach County. Residents will have access to lifestyle amenities of unprecedented range & quality, with on-site concierge services surpassing those of the most exclusive private members' clubs.

Property location

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1355 S Flagler Drive 503, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms
3
Bathrooms
5
Living area
4,970 sq ft
Flooring
Hardwood, Marble, Wood
Appliances
Some Gas Appliances, Built In Oven, Dryer, Dishwasher, Electric Water Heater, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Zoned
Heating
Central, Zoned
Interior features
Entrance Foyer, Kitchen Island, Separate Shower, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
2027
Stories
28
Lot size
0 sq ft
Roof
Other
Construction
CBSConcrete Block Structure, Block, Stone
Exterior features
Balcony, Patio
Pool
None, Association, Community
Spa
Community
Waterfront
Intracoastal Access
View
Intercoastal, Ocean, Water

Parking

Garage spaces
2
Covered spaces
2
Parking features
Detached, Garage, Two Or More Spaces, Valet

HOA, Community & Financials

Association fee
$10,983 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Sewer, Security, Water
Amenities
Boat Dock, Billiard Room, Bike Storage, Business Center, Cabana, Clubhouse, Controlled Access, Fitness Center, Library, Management, Pool, Putting Greens, Sauna, Spa Hot Tub, Security
Security
Door Man, Fire Alarm, Key Card Entry, Lobby Secured, Security System, Fire Sprinkler System, Smoke Detectors, Security Guard
Pets allowed
No
Annual tax
$0
Subdivision
JEFFERSON PARK
County
Palm Beach
Days on market
216
MLS listing ID
B26005849
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

-$50,364

Cap rate
2.1%
Net yield
2.1%
Cash-on-cash return
-13.0%
Gross yield
3.9%
Mortgage payment
$78,929/mo
Down payment
$4,162,500
Loan amount
$12,487,500
Annual NOI
$342,781

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