Cays Realty
5600 N Flagler Drive 1605, West Palm Beach, FL 33407 — MLS photo

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5600 N Flagler Drive 1605, West Palm Beach, FL 33407

Active · Condominium

$375,000

5600 N Flagler Drive 1605, West Palm Beach, FL 33407

Beds
2
Baths
2
Living area
1,170 sq ft
$ / sq ft
$321/sq ft
Year built
1978
Lot size
—
HOA fee
$1,355 Monthly
Annual tax
$5,616

About this property

Enjoy resort-style waterfront living from this beautifully updated 2BR/2BA condo with a private sandy beach and panoramic Intracoastal views. From the beach, enjoy kayaking, fishing, snorkeling, or relaxing by the water. The residence features new flooring, crown molding, stainless steel appliances, a new cooktop, a new washer, and new impact doors and windows. Open the sliders wide to the balcony and enjoy seamless indoor-outdoor living with views of a SuperYacht marina, The Breakers, and the Biltmore. Garage parking space. Amenities include a heated pool, waterfront deck, tiki hut, commercial-grade grills, gym, dry-heat sauna, waterfront car washing station, 24-hour manned gate, and attended lobby. Everything is included in the HOA except electric. No trucks. 1 pet under 20 lbs allowed. Building requires HOA Approval. Can lease the unit right away, but no more than one lease allowed per year.

Property location

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5600 N Flagler Drive 1605, West Palm Beach, FL 33407

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,170 sq ft
Flooring
Hardwood, Wood
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, Ceiling Fans, Electric, Humidity Control
Heating
Central, Electric, Heat Pump
Interior features
Bedroom On Main Level, Closet Cabinetry, Family Dining Room, Living Dining Room, Main Level Primary, Split Bedrooms, Walk In Closets
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1978
Stories
29
Lot size
0 sq ft
Roof
Concrete
Construction
Stone, Stucco
Exterior features
Balcony, Barbecue, Lighting, Outdoor Grill, Outdoor Shower, Awnings, Shutters Electric, Storm Security Shutters
Pool
None, Association, Community, Heated
Waterfront
Intracoastal Access, Ocean Access, Seawall
View
Intercoastal, Ocean, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Covered, Detached, Garage, Guest, Open, One Space

HOA, Community & Financials

Association fee
$1,355 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Hot Water, Internet, Laundry, Parking, Pest Control, Pools, Recreation Facilities, Reserve Fund, Roof, Sewer, Security, Trash, Water
Association
Self Managed
Association contact
561-844-8099
Amenities
Beach Rights, Billiard Room, Cabana, Clubhouse, Community Kitchen, Controlled Access, Fitness Center, Laundry, Library, Management, Barbecue, Picnic Area, Pier, Pool, Guard, Sauna, Security, Storage, Trash, Vehicle Wash Area, Elevators
Security
Building Security, Complex Fenced, Door Man, Fire Alarm, Gated With Guard, Lobby Secured, Fire Sprinkler System, Security Gate, Intercom, Smoke Detectors, Security Guard
Pets allowed
No
Annual tax
$5,616
Subdivision
PALM BEACH HOUSE CONDO
County
Palm Beach
Days on market
142
MLS listing ID
B26029918
Listing status
Active

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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

-$996

Cap rate
2.5%
Net yield
2.5%
Cash-on-cash return
-11.4%
Gross yield
10.0%
Mortgage payment
$1,778/mo
Down payment
$93,750
Loan amount
$281,250
Annual NOI
$9,379

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