4505 S Ocean Boulevard 402, Highland Beach, FL 33487 — MLS photo

Active · Condominium

$699,900

4505 S Ocean Boulevard 402, Highland Beach, FL 33487

Beds: 2
Baths: 2
Living area: 1,100 sq ft
$ / sq ft: $636/sq ft
Year built: 1974
Lot size: —
HOA fee: $1,601 Monthly
Annual tax: $6,932

About this property

Welcome to your slice of Florida sun-soaked paradise in prestigious Highland Beach. This stunning 2026 REMODEL (almost complete) 2BR/2BA condo features marble floors, wood cabinetry, SS appliances & a wet bar. There are 2 balconies both with WATER VIEWS, one of the ICW & canals & one of the ocean. The building has a NEW ROOF, IMPACT WINDOWS & sliders, CONCRETE RESTORATION, a redesigned pool area & RENOVATED INTERIOR hallways. There is a gym, downstairs common areas for parties, cards and relaxation. There are BBQs to grill out overlooking the ocean. This condo can be RENTED IMMEDIATELY and comes with a covered parking space. The community is PET FRIENDLY allowing a small pet for owners only. Has been impeccably maintained. Buyer to verify all info contained herein. Call for appt today! Photos of remodel coming soon upon completetion. Cabinets are coming out of kitchen 10/7/26 showings will start when contractor says its safe to show. Should be finished by mid December 2026

Property location

Get Directions

4505 S Ocean Boulevard 402, Highland Beach, FL 33487

Loading property location…

Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Living area: 1,100 sq ft
Flooring: Marble
Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Cooling: Central Air, Electric
Heating: Central, Electric
Interior features: Wet Bar, Breakfast Bar, Closet Cabinetry, Living Dining Room, Main Living Area Entry Level, Split Bedrooms, Tub Shower, Bar, Walk In Closets
Furnished: Furnished

Exterior & Structure

Property type: Condominium
Year built: 1974
Stories: 9
Lot size: 0 sq ft
Architectural style: One Story
Roof: Flat, Tar Gravel, Tile
Construction: CBSConcrete Block Structure, Block
Exterior features: Balcony
Pool: None, Association, Community
View: Intercoastal, Ocean, Water

Parking

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

HOA, Community & Financials

Association fee: $1,601 Monthly
Fee inclusions: Association Management, Common Area Maintenance, Cable Tv, Internet, Laundry, Sewer, Security, Trash, Water
Amenities: Billiard Room, Bike Storage, Clubhouse, Controlled Access, Fitness Center, Laundry, Library, Management, Pool, Guard, Sauna, Storage, Trails, Trash, Elevators
Security: Gated With Guard, Intercom, Key Card Entry, Phone Entry, Security Gate
Pets allowed: No
Annual tax: $6,932
Subdivision: 45 OCEAN CONDO
County: Palm Beach
Days on market: 55
MLS listing ID: B26032115
Listing status: Active

Virtual tour

Explore 3D / Virtual Tour

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Down payment (%)

Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

Property taxes ($/yr)

Home insurance ($/yr)

Vacancy (%)

Estimated monthly cash flow

-$2,390

Cap rate: 1.6%
Net yield: 1.6%
Cash-on-cash return: -14.6%
Gross yield: 6.7%
Mortgage payment: $3,318/mo
Down payment: $174,975
Loan amount: $524,925
Annual NOI: $11,131

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