Cays Realty
5200 N Flagler Drive 1604, West Palm Beach, FL 33407 — MLS photo

Get More Info About This Property

5200 N Flagler Drive 1604, West Palm Beach, FL 33407

Active · Condominium

$515,000

5200 N Flagler Drive 1604, West Palm Beach, FL 33407

Beds
2
Baths
2
Living area
1,250 sq ft
$ / sq ft
$412/sq ft
Year built
1974
Lot size
—
HOA fee
$1,529 Monthly
Annual tax
$6,540

About this property

Water, water, water!!! UNMATCHED views from Placido Mar! Placido Mar has been the flagship building on the N Flagler Drive corridor for 50 years, but the secret is out and new luxury high rises are joining us along this waterfront! The Mandarin Oriental Residences are coming to 5400 N Flagler and Alba Palm Beach at 4714 N Flagler and Placido Mar is in between at 5200 N Flagler - with the largest piece of land and widest frontage! Enjoy the FL lifestyle with community amenities like tennis, swimming, sauna, gym, club room, piano, billiards, and ground level parking! Unit 1604 has been fully renovated to include impact glass windows and sliders, porcelain tile, an open kitchen, custom cabinetry and more!

Property location

Get Directions

5200 N Flagler Drive 1604, West Palm Beach, FL 33407

Loading property location…

Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,250 sq ft
Flooring
Ceramic Tile
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Solar Hot Water, Self Cleaning Oven, Washer
Cooling
Central Air
Heating
Central
Interior features
Built In Features, Closet Cabinetry, Entrance Foyer, Kitchen Island, Main Living Area Entry Level, Split Bedrooms, Tub Shower, Walk In Closets, Pantry

Exterior & Structure

Property type
Condominium
Year built
1974
Stories
25
Lot size
0 sq ft
Architectural style
One Story
Roof
Other
Exterior features
Balcony, Shutters Electric, Storm Security Shutters
Pool
None, Association, Community, Heated
Waterfront
Intracoastal Access
View
Intercoastal, Ocean, Water

Parking

Covered spaces
1
Parking features
Detached, Garage

HOA, Community & Financials

Association fee
$1,529 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Internet, Parking, Pools, Recreation Facilities, Reserve Fund, Roof, Sewer, Security, Trash, Water
Association
First Service Reside
Association contact
561.842.3233
Amenities
Billiard Room, Clubhouse, Controlled Access, Fitness Center, Library, Management, Pier, Pool, Guard, Shuffleboard Court, Sauna, Security, Storage, Tennis Courts, Trash, Vehicle Wash Area, Elevators
Security
Gated With Guard, Security Gate
Pets allowed
No
Annual tax
$6,540
Subdivision
PLACIDO MAR CONDO
County
Palm Beach
Days on market
189
MLS listing ID
B26015055
Listing status
Active

Virtual tour

Explore 3D / Virtual Tour

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

-$1,516

Cap rate
2.2%
Net yield
2.2%
Cash-on-cash return
-12.6%
Gross yield
8.5%
Mortgage payment
$2,441/mo
Down payment
$128,750
Loan amount
$386,250
Annual NOI
$11,100

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