NOT LISTED FOR SALE

Ocean Tree Condominiums 3400 N Ocean Dr Unit 506 Riviera Beach, FL 33404

Estimated Value: $636,000 - $1,022,000

2 Beds
2 Baths
1,479 Sq Ft
8.06 Acres

Last Sold August 15, 2023

Last sale price $720,000 $487 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,018/month

Highlights

  • Doorman
  • Ocean Front
  • Clubhouse
  • William T. Dwyer High School Rated A-
  • Fitness Center
  • Marble Flooring

About This Home

As of May 2024

Stunning spacious 2 bedroom, 2 bath condo in the highly sought after Oceantree that sits on 6 acres of beautifully landscaped oceanfront grounds, and features an expansive private beach. This resort-style community offers something for everyone with 2 heated swimming pools, Bocce ball court, spa, shuffleboard, 3 tennis courts, fitness center, community room with kitchen for events, 3 picnic gazebos with built-in gas grills, 24 hour security concierge in lobby, and garage parking! Unit has all new appliances and is beautifully decorated.

Last Agent to Rent the Property

Lauren Platt

Echo Fine Properties License #3239827 Listed on: 09/03/2023

Co-Listed By

Jeff Lichtenstein

Echo Fine Properties License #698097

Last Renter's Agent

Lauren Platt

Echo Fine Properties License #3239827 Listed on: 09/03/2023

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,679

Year Built

  • Built in 1978

Lot Details

Parking

  • 1 Car Garage
  • Guest Parking
  • Assigned Parking

Property Views

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,479 Sq Ft Home
  • Furnished
  • Built-In Features
  • Ceiling Fan
  • Entrance Foyer

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Closed Circuit Camera

Outdoor Features

  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property Available on 9/1/23
  • Assessor Parcel Number 56434226060010506

Community Details

Overview

  • 146 Units
  • Oceantree Condo Subdivision

Amenities

  • Doorman
  • Sauna
  • Clubhouse
  • Game Room
  • Bike Room

Recreation

  • Bocce Ball Court
  • Shuffleboard Court
  • Community Spa
  • Park

Security

  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$12,679

Year Built

Built in 1978

Lot Details

0

Parking

1

Rental Info

  • Tenant Pays: Exterior Electric
  • Available Date: 2023-09-01

Listing Details

  • Prop. Type: Residential Lease
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: PGA Blvd or Blue Heron Blvd onto the island. N Ocean Drive- South end of island on oceanside.
  • Year Built: 1978
  • Entry Level: 5
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Entrance Foyer, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Furnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Marble, Tile, Wood
  • Living Area: 1479.0
  • Dining Room Type: Laundry, Storage Room

Exterior Features

  • Exterior Features: Balcony
  • View: Intercoastal, Ocean, Other, Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Patio And Porch Features: Balcony, Open

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Garage, Guest

Utilities

  • Security: Closed Circuit Camera(s), Door Man, Security Lights, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Game Room, Non-Gated, Park, Property Manager On-Site, Pool, Sauna, Shuffleboard, Tennis Court(s)
  • Senior Community: No
  • Amenities: Bocce Court, Bike Storage, Clubhouse, Fitness Center, Management, Pool, Shuffleboard Court, Sauna, Spa/Hot Tub, Tennis Court(s), Trash
  • Pets Allowed: No

Lot Info

  • Parcel #: 56434226060010506
  • Lot Size: 5 to <10 Acres,East of U

Multi Family

  • Number Of Units In Community: 146

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2023
Closed on
Aug 14, 2023
Sold by
Basore Tobin J
Bought by
Nelson & Nelson Properties Of Florida Llc
Seller's Agent
Andrea Fogarty
Illustrated Properties LLC (Jupiter)
Buyer's Agent
Lauren Platt
Echo Fine Properties
List Price
$750,000
Sold Price
$720,000
Premium/Discount to List
-$30,000
-4%
Views
62
Current Estimated Value
$756,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,814
Avg. Annual Appreciation
2.29%

Purchase Details

Listed on
Mar 16, 2022
Closed on
Apr 26, 2022
Sold by
Belisle and Monique
Bought by
Basore Tobin J
Seller's Agent
Christina Zecca
Compass Florida LLC
Buyer's Agent
Andrea Fogarty
Illustrated Properties LLC (Jupiter)
List Price
$650,000
Sold Price
$595,000
Premium/Discount to List
-$55,000
-8.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.80%
Original Mortgage
$416,500
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2014
Sold by
Gibson Allen J and Gibson Kathleen
Bought by
Belisle Andre and Lussier Monique

Purchase Details

Closed on
Dec 16, 2004
Sold by
Petersen Thomas C and Petersen Jannetje A
Bought by
Gibson Allen J and Gibson Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 1999
Sold by
Newman Carmen A
Bought by
Petersen Thomas C and Petersen Jannetje A

Purchase Details

Closed on
May 4, 1995
Sold by
Carey Gregory B
Bought by
Newman Carmen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.38%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nelson & Nelson Properties Of Florida Llc $720,000 Patch Reef Title
Nelson & Nelson Properties Of Florida Llc $720,000 Patch Reef Title
Basore Tobin J $595,000 Home Partners Title Services
Belisle Andre $290,000 Sovereign Shores Title Compa
Gibson Allen J $350,000 --
Petersen Thomas C $130,000 --
Newman Carmen A $102,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Basore Tobin J $416,500
Previous Owner Gibson Allen J $280,000
Previous Owner Newman Carmen A $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2024 05/01/24 Rented $4,250 -34.6% --
12/18/2023 12/18/23 Price Changed $6,500 -13.3% $4 / Sq Ft
10/21/2023 10/21/23 Price Changed $7,500 +66.7% $5 / Sq Ft
09/03/2023 09/03/23 For Rent $4,500 0.0% --
08/15/2023 08/15/23 Sold $720,000 -4.0% $487 / Sq Ft View Prior Sale
07/31/2023 07/31/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $750,000 0.0% $507 / Sq Ft
01/01/2023 01/01/23 Rented $8,000 +77.8% --
08/11/2022 08/11/22 For Rent $4,500 0.0% --
04/26/2022 04/26/22 Sold $595,000 -8.5% $402 / Sq Ft View Prior Sale
03/27/2022 03/27/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $650,000 -- $439 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

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 $12,679 $610,000 -- --
2023 $10,583 $505,000 $0 $505,000
2022 $6,794 $291,500 $0 $0
2021 $5,868 $265,000 $0 $265,000
2020 $6,426 $310,000 $0 $310,000
2019 $6,006 $295,000 $0 $295,000
2018 $5,069 $230,000 $0 $230,000
2017 $4,698 $210,000 $0 $0
2016 $5,692 $250,000 $0 $0
2015 $5,844 $250,000 $0 $0
2014 $4,553 $187,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Landlord's Agent in 2024

    Lauren Platt

    Echo Fine Properties

    (561) 702-1470

    12 in this area

    31 Total Sales

    Lauren Platt
    Section Image
  • Jeff Lichtenstein

    Landlord's Co-Listing Agent in 2024

    Jeff Lichtenstein

    Echo Fine Properties

    (561) 346-8383

    18 in this area

    978 Total Sales

    Jeff Lichtenstein
    Section Image
  • Andrea Fogarty

    Seller's Agent in 2023

    Andrea Fogarty

    Illustrated Properties LLC (Jupiter)

    (561) 352-9690

    3 in this area

    68 Total Sales

    Andrea Fogarty
    Section Image

  • J

    Buyer's Agent in 2023

    Joan Tucker

    BSR Realty Group, Inc

    (561) 531-9647

    16 in this area

    16 Total Sales

    Joan Tucker
    Section Image
  • Christina Zecca

    Seller's Agent in 2022

    Christina Zecca

    Compass Florida LLC

    (561) 214-0164

    4 in this area

    141 Total Sales

    Christina Zecca
    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Samantha Marzke

    Illustrated Properties LLC (Jupiter)

    (269) 861-4803

    1 in this area

    5 Total Sales

    Samantha Marzke
    Section Image
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About Ocean Tree Condominiums

Map

Source: BeachesMLS

MLS Number: R10916625

BeachesMLS

APN: 56-43-42-26-06-001-0506

Florida Palm Beach County Riviera Beach 33404

3400 N Ocean Dr Unit 506, Riviera Beach, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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