4500 S Ocean Boulevard 505, South Palm Beach, FL 33480 — MLS photo

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4500 S Ocean Boulevard 505, South Palm Beach, FL 33480

Active · Condominium

$295,000

4500 S Ocean Boulevard 505, South Palm Beach, FL 33480

Beds
1
Baths
1
Living area
798 sq ft
$ / sq ft
$370/sq ft
Year built
1961
Lot size
—
HOA fee
$825 Monthly
Annual tax
$4,597

About this property

Oceanview from Every Room!! Experience coastal living at its finest, this beautifully maintained 5th-floor 1BR/1BA home at Imperial House is located on the quiet Barrier Island of Palm Beach, between the Atlantic Ocean and Intracoastal Waterway. This ocean view home is light-filled and has a relaxing atmosphere throughout. Enjoy private beach access, resort-style pool, rooftop sundeck, elevator access, and assigned plus guest parking. Walk to nearby dining, cafés, and resort amenities. Enjoy one of the lowest HOA fees on the beach. Seawall restoration completed in 2023. Concrete restoration is underway. Unit 505 Impact front door replacement is done. Current assessments paid by seller with no new assessments at this time. Own your piece of paradise.... Rental restriction is 2x/year for a minimum of 60 days. No short term/Airbnb. Concrete restoration project underway. Unit 505, Impact front door replaced. Current assessments paid by seller. No new assessments. Buyer to verify all fees, rules, measurements, and association information.

Property location

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4500 S Ocean Boulevard 505, South Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
798 sq ft
Flooring
Ceramic Tile, Parquet, Tile
Appliances
Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Cooling
Central Air, Ceiling Fans
Heating
Central
Interior features
Built In Features, Bedroom On Main Level, Closet Cabinetry, Main Living Area Entry Level

Exterior & Structure

Property type
Condominium
Year built
1961
Stories
6
Lot size
0 sq ft
Architectural style
One Story
Roof
Concrete
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Patio
Pool
None, Association, Community
Waterfront
Ocean Access
View
Ocean, Water

Parking

Covered spaces
0
Parking features
Guest

HOA, Community & Financials

Association fee
$825 Monthly
Fee inclusions
Common Area Maintenance, Water
Amenities
Beach Rights, Other, Pool, Trails
Pets allowed
No
Annual tax
$4,597
Subdivision
IMPERIAL HOUSE INC
County
Palm Beach
Days on market
177
MLS listing ID
B26020488
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

-$755

Cap rate
2.6%
Net yield
2.6%
Cash-on-cash return
-11.0%
Gross yield
9.1%
Mortgage payment
$1,398/mo
Down payment
$73,750
Loan amount
$221,250
Annual NOI
$7,716

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