4001 S Ocean Boulevard 218, South Palm Beach, FL 33480 — MLS photo

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4001 S Ocean Boulevard 218, South Palm Beach, FL 33480

Active · Condominium

$147,000

4001 S Ocean Boulevard 218, South Palm Beach, FL 33480

Beds
1
Baths
1
Living area
584 sq ft
$ / sq ft
$252/sq ft
Year built
1958
Lot size
—
HOA fee
$835 Monthly
Annual tax
$584

About this property

Maximization of space is a defining characteristic of this thoughtfully designed waterfront 1/1 at Tropicana Gardens. The bright kitchen offers double or triple the counterspace of comparable units. The countertops are white quartz, with matching stone in the workspace setup. The backsplash is fresh & creates a harmonious contrast with the original wood cabinets from 1958, restored & beautifully maintained. The desk area is great for someone working from home or just using the computer. For someone valuing additional kitchen space, it could be used in that capacity as well. Enjoy an Intracoastal view from the balcony. There is impact glass throughout; wood flooring in the living area & bedroom; tile in the kitchen. Great natural light is complemented by recessed lighting, track lighting & the ceiling fan lights. An updated bathroom features an LED-framed mirror & modern vanity. The bedroom features a neat vanity with chair. All units come with a large, separate storage locker & 1 assigned parking spot. Tropicana Gardens is a well-maintained 55+ community with a heated pool on the Intracoastal. The building is past Milestone Inspections & fully reserved. It's a quiet community but also offers social events. There is an elevator, common laundry & bike storage. The location is a major part of the allure. There is ocean access across the street at Lantana Beach. Also, great proximity to: The Eau Resort; Dune Deck Café; Plaza del Mar Shopping Center with Publix & restaurants Thaikyo & Art Basil; Lantana Nature Preserve. The sidewalks are bustling with walkers, joggers, bikers & shoppers. This is island living!

Property location

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4001 S Ocean Boulevard 218, South Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
584 sq ft
Flooring
Ceramic Tile, Hardwood, Tile, Wood
Appliances
Built In Oven, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Ceiling Fans, Wall Window Units
Heating
Wall Furnace
Interior features
Built In Features, Bedroom On Main Level, Main Living Area Entry Level
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1958
Stories
4
Lot size
0 sq ft
Architectural style
One Story
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
None, Association, Community, Heated
Waterfront
Intracoastal Access
View
Intercoastal, Water

Parking

Covered spaces
0
Parking features
Assigned, Open, One Space

HOA, Community & Financials

Association fee
$835 Monthly
Fee inclusions
Common Area Maintenance, Laundry, Pools, Reserve Fund, Roof, Sewer, Security, Trash, Water
Association
GRS Management
Association contact
561.641.8554
Amenities
Bike Storage, Clubhouse, Laundry, Maintenance, Pool, Security, Storage, Elevators
Security
Security Guard
Pets allowed
No
Annual tax
$584
Subdivision
TROPICANA GARDENS INC
County
Palm Beach
Days on market
160
MLS listing ID
B26027819
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

-$371

Cap rate
2.7%
Net yield
2.7%
Cash-on-cash return
-10.8%
Gross yield
11.9%
Mortgage payment
$697/mo
Down payment
$36,750
Loan amount
$110,250
Annual NOI
$3,910

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