NOT LISTED FOR SALE

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

Estimated Value: $1,431,000 - $2,440,554

3 Beds
3 Baths
2,711 Sq Ft
$740/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $1,847,000 $681 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $15,406/month

42 Days on Market

Highlights

  • Doorman
  • Property has ocean access
  • Fitness Center
  • Direct Ocean View
  • Home fronts a seawall
  • Cabana

About This Home

As of February 2022

Discover 3550 South Ocean, an exclusive brand new collection of just 30 condos on the sand. The first new beachfront residential development on Palm Beach in a decade, these gated residences are nestled within the tranquil southern end of Palm Beach. You'll live just minutes from the world-class dining and shopping of Worth Avenue, pristine golf courses, with the convenience of nearby Palm Beach International Airport. All residences are move-in ready, featuring a selection of 2 bedrooms + den, 3 bedrooms + den and penthouses w/private rooftop terraces, 2,600-3,390 living sq ft. Enjoy concierge services, valet parking, VIP access to the Eau Palm Beach Resort & Spa and more. Each provides you with maximum views and breezes from the luxurious custom-crafted residences with open living areas that feature floor-to-ceiling glass windows and sliding doors to private covered balconies. Every residence features an open and expansive chef-caliber custom-designed Molteni kitchen by DDG and Champalimaud. Inspired by the architecture of Carlo Scarpa, every kitchen features a Fantini kitchen faucet and custom statement island of solid stone, intersected by two smaller pieces of contrasting stone. Bedrooms are stylishly modern having been designed by the distinguished firm Champalimaud. Sophisticated neutral hues set the tone for clean contemporary lines softened by chiseled limestone, white oak and walnut to create effortlessly modern, elegant spaces. The bathrooms feature stone floors and Fantini fixtures throughout, and each is highlighted by stone or travertine accent walls and the use of other natural materials.

Furnished with Technogym equipment, the on-site fitness studio features everything residents need to stay healthy and fit. The studio is surrounded by soaring glass walls filling the space with natural light that gleams off the beautiful wide-plank, white oak floors.

Along with private, on-site Concierge services, these move-in ready units include these amenities:
privileged VIP access to the nearby Eau Palm Beach Resort & Spa, ranked the number one "Top Resort" in Florida, as part of Condé Nast Traveler's 2016 Readers' Choice Awards, in-residence manicurists/massages and personal care services from the Eau Palm Beach, hotel and restaurant reservations, mobile dog grooming & a pet park, Personal chefs, car wash & detail service, dry cleaning & housekeeping services, private beach access, beachfront swimming pool and sun terrace, private gated access & private parking, private storage & bike rack and electric vehicle charging capability.

3550 South Ocean's new Palm Beach condos offer you the best opportunity to live the perfect south Florida upscale way of life. If a sumptuous lifestyle that includes spectacular views of the ocean and beach, and virtually every sought-after amenity and service available describes your personal preferences, this opportunity to live the Palm Beach life is perfect for you.

Last Agent to Sell the Property

Mia Morrison

The Corcoran Group License #3077087 Listed on: 12/22/2021

The Corcoran Group

Co-Listed By

SUZANNE PETRIZZI

The Corcoran Group License #3292607

Last Buyer's Agent

NICHOLAS GRODZICKI

Compass Florida LLC License #3436424

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $33,486

Year Built

  • Built in 2019

Lot Details

  • Home fronts a seawall
  • Property fronts an intracoastal waterway
  • Home has sun exposure from multiple directions

HOA Fees

  • $2,711 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Interior Spaces

  • 2,711 Sq Ft Home
  • Dining Area
  • Storage
  • Home Gym
  • Wood Flooring
  • Direct Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Double Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Cabana
  • Gas Heated Pool
  • Outdoor Pool
  • Saltwater Pool

Outdoor Features

  • Property has ocean access
  • Bulkhead
  • Balcony

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 62434435330000250

Community Details

Overview

  • Association fees include insurance, common area, maintenance exterior, trash, sewer, water
  • 30 Units
  • 3550 South Ocean Community
  • On-Site Maintenance
  • 8-Story Property

Amenities

  • Doorman
  • Common Area
  • Lobby
  • Elevator

Recreation

  • Fitness Center

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$33,486

Year Built

Built in 2019

Lot Details

0

HOA Fees

$2,711 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Directions: Dixie Hwy (US 1) to Ocean Avenue. East to S. Ocean Blvd (A1A). North to building on right side. Located between 3570 & 3590 South Ocean Blvd, approx. 0.25 miles north of the ''Eau Palm Beach Resort''
  • Building Name: 3550 South Ocean
  • Year Built: 2019
  • Location Tax Legal:Name of Building: 3550 South Ocean
  • Location Tax Legal:Zoned: R-D(1) - Moderate Density Residential
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 33486.0
  • Location Tax Legal:Tax Year2: 2021
  • General Property Description:Living Area: 2711.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:Maintenance Amount: 2711.0
  • General Property Description:Per: Month
  • General Property Description:_pound_ Units in Complex: 30
  • General Property Description:_pound_ Floors: 8.0
  • Waterfront-Building:Ocean - Direct: Yes
  • Waterfront-Unit:Living Room View: Yes
  • Waterfront-Unit:Master Bedroom View: Yes
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: 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:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Exposure of Unit:North2: Yes
  • Pool:Heated - Gas: Yes
  • Floors:Hardwood: Yes
  • Exposure of Unit:West2: Yes
  • Pool:Salt Water2: Yes
  • Waterfront-Unit:ICW-Across Street2: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Refrigerator-Wine, Freezer, Ice Maker, Oven-Double, Microwave, Washer, Dryer, Range - Gas
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Hardwood
  • Interior Amenities: Storage, Smoke Alarms
  • Living Area: 2711.0
  • Stories: 8
  • Interior Features:Smoke Alarms: Yes
  • Interior Features:Storage: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator-Wine: Yes
  • Appliances:Freezer: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:Oven-Double: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Pool Features: Pool, Salt Water, Heated Gas
  • Pool Private: Yes
  • Exterior Features: Balcony, Cabana, Seawall/Bulkhead, Ocean Access- Deeded, Elevator, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Ocean Access-Deeded: Yes
  • Exterior Features:Cabana: Yes
  • Exterior Features:SeawallBulkhead2: Yes

Garage/Parking

  • Parking:_two_ Car2: Yes
  • Parking:Other2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Other Security, Door Person
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Full Time Manager, Exercise Facility, Other Services
  • Association: Yes

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Common Area, Maintenance Exterior, Trash, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 62434435330000250
  • Zoning: R-D(1) - Moderate

Multi Family

  • Number Of Units Total: 30
  • Maintenance Expense: 2711.0

Tax Info

  • Tax Annual Amount: 33486.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2021
Closed on
Feb 15, 2022
Sold by
3550 Palm Beach Holdings Llc
Bought by
Kazley Michael J
Seller's Agent
Mia Morrison
The Corcoran Group
Buyer's Agent
NICHOLAS GRODZICKI
Compass Florida LLC
List Price
$1,847,000
Sold Price
$1,847,000
Current Estimated Value
$2,006,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,139
Avg. Annual Appreciation
2.29%
Source: Public Records

Range of Values:

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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
Kazley Michael J $1,847,000 Gray Robinson Pa
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2022 02/18/22 Sold $1,847,000 0.0% $681 / Sq Ft
02/18/2022 02/18/22 Sold $1,847,000 0.0% $681 / Sq Ft View Prior Sale
02/02/2022 02/02/22 Pending -- -- --
01/19/2022 01/19/22 Pending -- -- --
12/22/2021 12/22/21 For Sale $1,847,000 0.0% $681 / Sq Ft
04/01/2021 04/01/21 For Sale $1,847,000 -- $681 / Sq Ft
Source: Palm Beach Board of REALTORS®

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 $24,703 $1,250,000 -- --
2023 $30,823 $1,550,000 $0 $1,550,000
2022 $31,348 $1,540,000 $0 $0
2021 $33,486 $1,600,000 $0 $1,600,000
2020 $45,408 $2,150,000 $0 $2,150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 21-1040

APN: 62-43-44-35-33-000-0250