$2,625,000
SOLD OCT 31, 2024

3550 S Ocean Blvd Unit 2 B Palm Beach, FL 33480

3 Beds
3.5 Baths
2,982 Sq Ft
$3,558/mo HOA Fee

Recently Sold

$880 Per Sq Ft

38% Below List Price

626 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Gated Community
  • Ocean Front
  • New Construction
  • Marble Flooring

About This Home

As of October 2024

This gorgeous beachfront condo is in a boutique complex just minutes from the heart of Palm Beach. 3550 South Ocean Boulevard has high-end amenities, luxury finishes, and state-of-the-art technology. This spacious unit is one of thirty residences, with a large open floor plan and floor-to-ceiling windows. Natural light infuses the space, which also features chiseled limestone, white pine, and Italian marble counters. This unit includes an additional den space that can be used as a sitting area or home office. The primary bedroom has a luxurious ensuite bathroom, a full dressing room, and a private balcony. BACKUP OFFERS ACCEPTED.

Last Agent to Sell the Property

Patricia Towle

Sotheby's Intl. Realty, Inc. License #3241091 Listed on: 01/30/2023

Sotheby's Intl. Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $55,365

Year Built

  • Built in 2019 | New Construction

Lot Details

  • Ocean Front
  • Sprinkler System

HOA Fees

  • $3,558 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit
  • Circular Driveway
  • Guest Parking
  • Assigned Parking

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 2,982 Sq Ft Home
  • Furnished or left unfurnished upon request
  • High Ceiling
  • Entrance Foyer
  • Great Room
  • Combination Dining and Living Room
  • Den
  • Ocean Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer
  • Laundry Tub

Home Security

  • Home Security System
  • Security Lights

Outdoor Features

  • Seawall

Utilities

  • Central Heating and Cooling System
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 62434435330000220

Community Details

Overview

  • Association fees include management, common areas, ground maintenance, maintenance structure, parking, pest control, pool(s), recreation facilities, sewer, security, trash, water
  • 30 Units
  • High-Rise Condominium
  • 3550 South Ocean Condo Subdivision
  • 7-Story Property

Amenities

  • Doorman
  • Bike Room
  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Phone Entry
  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$55,365

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$3,558 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: A1A, one quarter mile north of the Eau Palm Beach Resort and Spa
  • Year Built: 2019
  • Architectural Style: High Rise
  • Entry Level: 2
  • Unit Levels: Three Or More
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: 4098

Interior Features

  • Interior Amenities: Closet Cabinetry, Dual Sinks, Entrance Foyer, Eat-in Kitchen, Elevator, High Ceilings, Living/Dining Room, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Negotiable
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble, Wood
  • Living Area: 2982.0
  • Dining Room Type: Den, Great Room, Laundry, Storage Room
  • Stories: 7

Exterior Features

  • View: Ocean
  • Lot Features: Sprinklers Automatic
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Front, Seawall
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: New Construction
  • Roof: Other

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Circular Driveway, Covered, Driveway, Guest, Two or More Spaces

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System, Closed Circuit Camera(s), Door Man, Phone Entry, Security Lights, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 3558.0
  • Community Features: Gated, Property Manager On-Site, Pool, Street Lights
  • Senior Community: No
  • Amenities: Bike Storage, Fitness Center, Management, Pool, Storage, Trash, Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pool(s), Recreation Facilities, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 62434435330000220
  • Lot Size: East of US-1,Paved Road,
  • Zoning Description: R2A

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 55365.0

Multi Family

  • Number Of Units In Community: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2023
Closed on
Oct 31, 2024
Sold by
3550 Palm Beach Holdings Llc
Bought by
Aryan Legacy Trust and Aryan
Seller's Agent
Patricia Towle
Sotheby's Intl. Realty, Inc.
List Price
$4,200,000
Sold Price
$2,625,000
Premium/Discount to List
-$1,575,000
-37.5%
Views
221
Current Estimated Value
$3,085,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,080
Avg. Annual Appreciation
19.19%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Special Warranty Deed $2,625,000 None Listed On Document
Special Warranty Deed $2,625,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $2,625,000 -26.5% $880 / Sq Ft
10/22/2024 10/22/24 Pending -- -- --
01/29/2024 01/29/24 Price Changed $3,572,000 -6.0% $1,198 / Sq Ft
10/18/2023 10/18/23 Price Changed $3,800,000 -5.0% $1,274 / Sq Ft
03/15/2023 03/15/23 Price Changed $4,000,000 -4.8% $1,341 / Sq Ft
02/03/2023 02/03/23 For Sale $4,200,000 -- $1,408 / 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 $58,292 $2,795,100 -- --
2023 $55,365 $2,541,000 $0 $0
2022 $49,124 $2,310,000 $0 $0
2021 $43,921 $2,100,000 $0 $2,100,000
2020 $44,354 $2,100,000 $0 $2,100,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Patricia Towle

    Sotheby's Intl. Realty, Inc.

    (561) 568-9565

    16 in this area

    24 Total Sales

    Patricia Towle
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10863520

BeachesMLS

APN: 62-43-44-35-33-000-0220

Florida Palm Beach County Palm Beach 33480

3550 S Ocean Blvd Unit 2 B, Palm Beach, FL

This home is located at 3550 S Ocean Blvd Unit 2 B, Palm Beach, FL 33480 and is currently priced at $2,625,000, approximately $880 per square foot. This property was built in 2019. 3550 S Ocean Blvd Unit 2 B is a home located in Palm Beach County with nearby schools including Lantana Elementary School, Lake Worth High School, and Lantana Middle School.

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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