4001 S Ocean Boulevard 122, South Palm Beach, FL 33480 — MLS photo

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4001 S Ocean Boulevard 122, South Palm Beach, FL 33480

Active · Condominium

$94,000

4001 S Ocean Boulevard 122, South Palm Beach, FL 33480

Beds
0
Baths
1
Living area
375 sq ft
$ / sq ft
$251/sq ft
Year built
1958
Lot size
73,316 sq ft
HOA fee
$768 Monthly
Annual tax
$1,773

About this property

Discover your slice of paradise on South Palm Beach Island! Priced at just $94,000, this charming studio offers 375 sq ft of cozy living space, perfect for a personal retreat or investment opportunity. With serene views and unbeatable location, it's the ideal escape. Fabulously located between the Atlantic Ocean and the Intracoastal, enjoy a short walk or bike ride to Lantana Beach, Publix, the Eau Resort & Spa, and Plaza del Mar shopping. Residents enjoy a boutique active lifestyle that includes a secure lobby with dedicated bike storage, and a dedicated area featuring picnic tables and BBQ grills, perfect for waterfront social gatherings. Relax by the renovated, heated pool directly on the Intracoastal or take advantage of private beach access across the street. Land is included. - Ground floor unit. - Active Lifestyle: Community Lobby, Social Gathering Room, Secure bike storage to facilitate a healthy, car-optional island lifestyle. - Outdoor Amenities: Waterfront social deck with picnic tables, BBQ grills, and a heated pool sitting directly on the Intracoastal. - Prime Location: "On the Island" in South Palm Beach, walking distance to the new Publix and local favorites like the Ice Cream Club. - Parking: Assigned parking space conveniently located just steps from the unit's private patio entrance. - Storage: Extra storage locker included. - Strict Community Standards: This is a quiet, well-managed, owner-occupied building with a no-pet and no-leasing policy. Note: Cash only per co-op rules; no pets, no leasing, and mandatory board interview/background check required.

Property location

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4001 S Ocean Boulevard 122, South Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
375 sq ft
Flooring
Hardwood, Tile, Wood
Appliances
Built In Oven, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Wall Window Units
Heating
Wall Furnace
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1958
Stories
4
Lot size
73,316 sq ft
Roof
Composition
Construction
CBSConcrete Block Structure, Block
Exterior features
Patio, Storm Security Shutters
Pool
None, Association, Community, Heated
Waterfront
Intracoastal Access
View
Garden, Intercoastal

Parking

Covered spaces
0
Parking features
Assigned, Deeded, Guest

HOA, Community & Financials

Association fee
$768 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Insurance, Laundry, Parking, Pest Control, Pools, Sewer, Trash, Water
Association
GRS Community Manage
Association contact
561-641-8554
Amenities
Bike Storage, Clubhouse, Laundry, Management, Maintenance, Barbecue, Picnic Area, Pool, Storage, Vehicle Wash Area, Elevators
Security
Building Security, Fire Alarm, Fire Sprinkler System, Smoke Detectors
Pets allowed
No
Annual tax
$1,773
Subdivision
TROPICANA GARDENS INC
County
Palm Beach
Days on market
173
MLS listing ID
B26013709
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

-$621

Cap rate
-2.2%
Net yield
-2.2%
Cash-on-cash return
-28.3%
Gross yield
11.9%
Mortgage payment
$446/mo
Down payment
$23,500
Loan amount
$70,500
Annual NOI
-$2,102

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