$1,325,000

La Palma 2860 S Ocean Blvd Unit 5060 Floor 5 Palm Beach, FL 33480

Estimated payment $9,696/month

Total Views 9,716
3 Beds
2 Baths
1,668 Sq Ft
$794 Price per Sq Ft

Highlights

  • Doorman
  • Property has ocean access
  • Fitness Center
  • Palm Beach Public School Rated A-
  • Property fronts an intracoastal waterway
  • 3-minute walk to Lake Worth Beach Park

About This Home

Experience luxurious waterfront living in this beautifully renovated corner apartment with spectacular intracoastal views. This modern residence features an open kitchen, spacious living/dining areas, three bedrooms, designer baths, and ample closet space. Floor-to-ceiling impact sliders open to a large west-facing terrace, perfect for sunsets and watching boats. Located in a full-amenity building with a 24-hour doorperson, fitness center, waterfront pool, and covered parking, the property also includes a deeded beach path near the Four Seasons Resort. Walk to restaurants or enjoy a short drive to the Palm Beach Tennis Center, Worth Avenue, and fine dining.

Listing Agent

Joan Wenzel

Douglas Elliman License #597469 Listed on: 01/03/2025

Douglas Elliman

Co-Listing Agent

Pamela Gottfried

Douglas Elliman License #BK-373953

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $12,881

Year Built

  • Built in 1971

Lot Details

  • Northwest Facing Home

HOA Fees

  • $1,674 Monthly HOA Fees

Interior Spaces

  • 1,668 Sq Ft Home
  • Living Room
  • Dining Room
  • Storage
  • Utility Room
  • Home Gym
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Parking

  • 1 Parking Space
  • Covered Parking

Eco-Friendly Details

  • Non-Toxic Pest Control

Pool

  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 50434423030005060

Community Details

Overview

  • Association fees include insurance, cable TV, common area, maintenance exterior, trash, pest control, sewer, water
  • 91 Units
  • La Palma Community
  • On-Site Maintenance
  • 6-Story Property

Amenities

  • Doorman
  • Common Area
  • Elevator

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$12,881

Year Built

Built in 1971

Lot Details

0

HOA Fees

$1,674 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: S. Ocean Blvd. across from 4 Seasons Hotel
  • Building Name: La Palma
  • Year Built: 1971
  • Location Tax Legal:Name of Building: La Palma
  • Location Tax Legal:Zoned: R-D(2) - Heavy Density Residential
  • Location Tax Legal:Homestead Exempt: Yes
  • Location Tax Legal:Taxes2: 12881.0
  • Location Tax Legal:Tax Year2: 2024
  • General Property Description:Living Area: 1668.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 1674.0
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 91
  • General Property Description:_pound_ Floors: 6.0
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Laundry:Laundry in Unit: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Services Included:Exercise Facility: Yes
  • Maintenance Includes:Common Area: Yes
  • Maintenance Includes:Exterior Bldg: Yes
  • Maintenance Includes:Garbage Pickup: Yes
  • Maintenance Includes:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Exposure of Unit:North2: Yes
  • Pets:Pets Allowed: No
  • Exposure of Unit:West2: Yes
  • Maintenance Includes:Cable TV: Yes
  • Waterfront-Building:Intracoastal-Direct2: Yes
  • Restrictions:No Pets Allowed: Yes
  • Waterfront-Unit:Intracoastal-Direct3: Yes
  • Pool:Salt Water2: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Refrigerator, Microwave, Washer, Dryer, Range - Electric
  • Total Bedrooms: 3
  • Flooring: Tile
  • Interior Amenities: Storage
  • Living Area: 1668.0
  • Stories: 6
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Other Rooms:Eat-in Kitchen: Yes
  • Other Rooms:Utility Room: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Cable: Yes
  • Appliances:Range - Electric: Yes
  • Other Rooms:Dining Area: Yes

Exterior Features

  • Pool Features: Salt Water
  • Pool Private: Yes
  • Waterfront Features: Ocean Access- Deeded
  • Waterfront: Yes
  • Exterior Features: Balcony, Impact Doors, Impact Windows, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Exterior Features:Ocean Access-Deeded: Yes

Garage/Parking

  • Total Parking Spaces: 1.0
  • Parking:Covered Parking: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Smoke Alarms, Door Person
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central Heat
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Pool
  • Amenities: Full Time Manager, Exercise Facility
  • Association: Yes
  • Pets Allowed: No

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer, Water

Lot Info

  • Parcel #: 50434423030005060
  • Zoning: R-D(2) - Heavy Density Residential

Multi Family

  • Number Of Units Total: 91
  • Maintenance Expense: 1674.0

Tax Info

  • Tax Annual Amount: 12881.0
  • Tax Year: 2024

Map

About La Palma

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,881 $879,611 -- --
2023 $14,018 $910,000 $0 $910,000
2022 $4,680 $318,695 $0 $0
2021 $4,758 $309,413 $0 $0
2020 $5,024 $282,000 $0 $282,000
2019 $5,125 $282,000 $0 $282,000
2018 $4,973 $282,000 $0 $282,000
2017 $5,069 $282,000 $0 $0
2016 $4,775 $272,000 $0 $0
2015 $4,743 $257,400 $0 $0
2014 $4,346 $234,000 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2025 06/25/25 Price Changed $1,325,000 -5.0% $794 / Sq Ft
02/26/2025 02/26/25 Price Changed $1,395,000 -6.1% $836 / Sq Ft
02/03/2025 02/03/25 Price Changed $1,485,000 -3.3% $890 / Sq Ft
01/03/2025 01/03/25 For Sale $1,535,000 +9.6% $920 / Sq Ft
04/10/2024 04/10/24 Sold $1,400,000 +8.1% $839 / Sq Ft View Prior Sale
03/19/2024 03/19/24 Pending -- -- --
03/02/2024 03/02/24 For Sale $1,295,000 +172.6% $776 / Sq Ft
04/08/2020 04/08/20 Sold $475,000 0.0% $285 / Sq Ft View Prior Sale
03/08/2020 03/08/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $475,000 -- $285 / Sq Ft
Source: Palm Beach Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,400,000 None Listed On Document
Warranty Deed -- --
Warranty Deed $475,000 First International Ttl Inc
Deed Of Distribution -- Attorney
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $356,250 New Conventional
Source: Public Records

Source: Palm Beach Board of REALTORS®

MLS Number: 25-13

APN: 50-43-44-23-03-000-5060

Florida Palm Beach County Palm Beach 33480

2860 S Ocean Blvd Unit 5060, Palm Beach, FL

For Sale

Coop

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Joan Wenzel
Listing Agent
Joan Wenzel
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Douglas Elliman
(561) 708-4609