Cays Realty
531 N Ocean Boulevard 1811, Pompano Beach, FL 33062 — MLS photo

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531 N Ocean Boulevard 1811, Pompano Beach, FL 33062

Active · Condominium

$699,000

531 N Ocean Boulevard 1811, Pompano Beach, FL 33062

Beds
2
Baths
2
Living area
1,338 sq ft
$ / sq ft
$522/sq ft
Year built
1977
Lot size
—
HOA fee
$4,376 Quarterly
Annual tax
$4,051

About this property

INCREDIBLE VIEWS from this updated HIGH FLOOR 2 BR / 2 Bath Northeast CORNER unit in the popular SILVER THATCH CONDOMINIUMS. This beautifully updated unit features the desired split bedroom plan with large walk-in closets, kitchen with white cabinetry and stainless steel appliances and Marble / Tile flooring throughout. AMAZING LOCATION, just a short walk to the BEACH, POMPANO PIER and FISHING VILLAGE as well as ATLANTIC BOULEVARD and all of the shops and restaurants this area has to offer. SILVER THATCH offers numerous amenities for your enjoyment: Pool, Tennis, Pickleball, Game Room, and Fitness Center as well as garage parking and 24 hour security. Must see to appreciate!

Property location

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531 N Ocean Boulevard 1811, Pompano Beach, FL 33062

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,338 sq ft
Flooring
Marble, Tile
Appliances
Built In Oven, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central, Electric
Interior features
Entrance Foyer, Living Dining Room, Main Living Area Entry Level, Split Bedrooms, Shower Only, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1977
Stories
19
Lot size
0 sq ft
Architectural style
Other, One Story
Roof
Other
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Barbecue, None
Pool
Pool, Association, Community
View
Intercoastal, Ocean, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Covered, Garage, Guest, One Space, Garage Door Opener

HOA, Community & Financials

Association fee
$4,376 Quarterly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Internet, Laundry, Parking, Pest Control, Pools, Recreation Facilities, Reserve Fund, Roof, Sewer, Security, Trash, Water
Amenities
Billiard Room, Bike Storage, Clubhouse, Controlled Access, Fitness Center, Laundry, Management, Pool, Security, Tennis Courts, Elevators
Security
Building Security, Fire Alarm, Secured Garage Parking, Key Card Entry, Smoke Detectors
Pets allowed
No
Annual tax
$4,051
Subdivision
SILVER THATCH ATLANTIC PLA
County
Broward
Days on market
180
MLS listing ID
B26017813
Listing status
Active

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Estimated monthly cash flow

-$1,620

Cap rate
2.9%
Net yield
2.9%
Cash-on-cash return
-9.9%
Gross yield
7.4%
Mortgage payment
$3,314/mo
Down payment
$174,750
Loan amount
$524,250
Annual NOI
$20,323

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