NOT LISTED FOR SALE

South Palm Residence 3500 S Ocean Blvd Unit 223 Palm Beach, FL 33480

Estimated Value: $164,000 - $188,729

1 Bed
1 Bath
550 Sq Ft
$324/Sq Ft Est. Value

Last Sold March 11, 2025

Last sale price $165,000 $300 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,760/month

137 Days on Market

Highlights

  • Active Adult
  • Clubhouse
  • Community Pool
  • 92,727 Sq Ft lot
  • Furnished
  • Elevator

About This Home

As of March 2025

This building is in excellent financial condition, with all major repairs and improvements completed and fully paid for. There are no outstanding assessments, ensuring a solid investment with no surprise costs on the horizon.

Last Agent to Sell the Property

Lisa McKeon

Premier Listings License #3006751 Listed on: 09/23/2024

Premier Listings

Last Buyer's Agent

Patrick Albright

Vickery Realty, Inc License #3405219

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $2,365

Year Built

  • Built in 1962

Lot Details

  • 2.13 Acre Lot

HOA Fees

  • $640 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 550 Sq Ft Home
  • Furnished
  • Single Hung Metal Windows
  • Blinds
  • Open Floorplan
  • Tile Flooring

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 62434435280002230

Community Details

Overview

  • Active Adult
  • Association fees include management, cable TV, insurance, laundry, pest control, pool(s), sewer, trash, water
  • High-Rise Condominium
  • South Palm Residence Inc Subdivision
  • 5-Story Property

Amenities

  • Clubhouse
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Co-Op

Est. Annual Taxes

$2,365

Year Built

Built in 1962

Lot Details

0

HOA Fees

$640 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Stock Cooperative
  • Property Sub Type Additional: Condominium,Stock Cooperative
  • Year Built: 1962
  • Architectural Style: High Rise
  • Entry Level: 2
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Kitchen/Dining Combo, Living/Dining Room, Tub Shower
  • Furnished: Furnished
  • Appliances: Dishwasher, Electric Range, Disposal, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Living Area: 550.0
  • Stories: 5
  • Window Features: Blinds, Metal, Single Hung

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: None, Association, Community
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Laundry Features: Common Area
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 640.0
  • Community Features: Non-Gated, Property Manager On-Site, Pool, Street Lights, Sidewalks
  • Senior Community: Yes
  • Amenities: Clubhouse, Laundry, Management, Pool, Storage, Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Laundry, Pest Control, Pool(s), Sewer, Trash, Water

Lot Info

  • Parcel #: 62434435280002230
  • Lot Size: 2 to < 3 Acres,East of U
  • Lot Size Sq Ft: 92727.0
  • Zoning Description: R-2A(c
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2365.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2016
Closed on
Jan 1, 2017
Bought by
Hansen Ronald A
Seller's Agent
Bo Allen
Illustrated Properties LLC
Buyer's Agent
Erin Allen
Illustrated Properties LLC
List Price
$79,999
Sold Price
$64,000
Premium/Discount to List
-$15,999
-20%
Current Estimated Value
$178,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,432
Avg. Annual Appreciation
11.88%
Source: Public Records

Range of Values:

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Average Value
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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
Hansen Ronald A $68,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2025 03/11/25 Sold $165,000 -5.7% $300 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
01/31/2025 01/31/25 Price Changed $175,000 -5.4% $318 / Sq Ft
12/28/2024 12/28/24 Price Changed $185,000 -8.6% $336 / Sq Ft
09/23/2024 09/23/24 For Sale $202,500 +125.0% $368 / Sq Ft
02/18/2020 02/18/20 Sold $90,000 -21.7% $164 / Sq Ft
01/19/2020 01/19/20 Pending -- -- --
01/03/2020 01/03/20 For Sale $115,000 +79.7% $209 / Sq Ft
02/02/2017 02/02/17 Sold $64,000 -20.0% $116 / Sq Ft
01/03/2017 01/03/17 Pending -- -- --
12/21/2016 12/21/16 For Sale $79,999 0.0% $145 / Sq Ft
03/07/2012 03/07/12 Rented $775 0.0% --
03/07/2012 03/07/12 For Rent $775 -- --
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11023979

BeachesMLS

APN: 62-43-44-35-28-000-2230