Cays Realty
5420 N Ocean Drive 305, Singer Island, FL 33404 — MLS photo

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5420 N Ocean Drive 305, Singer Island, FL 33404

Active · Condominium

$629,000

5420 N Ocean Drive 305, Singer Island, FL 33404

Beds
2
Baths
2
Living area
1,520 sq ft
$ / sq ft
$414/sq ft
Year built
1976
Lot size
—
HOA fee
$1,434 Monthly
Annual tax
$11,448

About this property

Enjoy the sparkling turquoise blue water & put your toes in the sand just steps away from your front door! This condo offers a gorgeous open floorplan boasting luxurious coastal living from the sleek modern kitchen w/SS appliances & quartz countertops to the wide-plank flooring throughout. WASHERS/DRYERS ARE ALLOWED IN THE UNIT! Ocean & Intracoastal views can be enjoyed off the wrap-around balcony; enjoy water views from almost every room where the sound of the waves will become your daily soundtrack! Perfect for full-time living or a luxury getaway, you will enjoy the coastal residence that combines comfort, functionality and is perfectly located! Extra storage and garage parking are just a couple of the perks in a renovated building that is loaded with resort-style amenities! You will enjoy 800' of private beach, your own seawall and a financially secure bldg. Bring offer and start living the oceanfront lifestyle you've dreamed of!

Property location

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5420 N Ocean Drive 305, Singer Island, FL 33404

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,520 sq ft
Appliances
Built In Oven, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Solar Hot Water, Self Cleaning Oven
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Breakfast Bar, Bedroom On Main Level, Breakfast Area, Eat In Kitchen, Family Dining Room, Kitchen Dining Combo, Living Dining Room, Main Level Primary, Main Living Area Entry Level, Stacked Bedrooms, Walk In Closets
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
1976
Stories
25
Lot size
0 sq ft
Architectural style
One Story
Roof
Concrete
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Barbecue, Fence, Lighting, Tennis Courts
Pool
None, Association, Community
Waterfront
Intracoastal Access, Ocean Access, Seawall
View
Intercoastal, Ocean, Water

Parking

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

HOA, Community & Financials

Association fee
$1,434 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Internet, Laundry, Legal Accounting, Parking, Pest Control, Pools, Recreation Facilities, Reserve Fund, Trash
Amenities
Bike Storage, Clubhouse, Community Kitchen, Controlled Access, Fitness Center, Laundry, Library, Management, Maintenance, Pool, Storage, Tennis Courts, Trash, Vehicle Wash Area, Elevators
Security
Door Man, Key Card Entry, Lobby Secured, Security Guard, Security System
Pets allowed
No
Annual tax
$11,448
Subdivision
Connemara
County
Palm Beach
Days on market
151
MLS listing ID
B26031376
Listing status
Active

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Estimated monthly cash flow

-$1,717

Cap rate
2.4%
Net yield
2.4%
Cash-on-cash return
-11.7%
Gross yield
8.5%
Mortgage payment
$2,982/mo
Down payment
$157,250
Loan amount
$471,750
Annual NOI
$15,174

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