NOT LISTED FOR SALE

3550 S Ocean Blvd Unit 3 E Palm Beach, FL 33480

Estimated Value: $1,464,000 - $2,272,000

3 Beds
3 Baths
2,711 Sq Ft
$752/Sq Ft Est. Value

Last Sold November 02, 2021

Last sale price $1,750,000 $646 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $15,872/month

94 Days on Market

Highlights

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

About This Home

As of November 2021

3550 South Ocean is a NEW CONSTRUCTION Luxury Boutique building directly on the Ocean. Large Spacious 3BD/3BA residences. Private Entry Lobbies, foyers and elevators opening to your home with high ceilings, floor to ceiling glass, gas range, and all high end finishes. The 3550 Community is dedicated to a first class lifestyle offering unparalled amenities including a beautiful Salt Water pool on the ocean, fitness studio, 2 parking spaces and private concierge services. Direct Ocean Community is the best of city living on the sand!

Last Agent to Sell the Property

Mia Morrison

The Corcoran Group License #3077087 Listed on: 06/25/2021

The Corcoran Group

Co-Listed By

SUZANNE PETRIZZI

The Corcoran Group License #3292607

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM

Property Details

Home Type

  • Condo-Op

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

Outdoor Features

  • Property has ocean access
  • Bulkhead
  • Balcony

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 62434435330000350

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

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

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: 47516.0
  • Location Tax Legal:Tax Year2: 2020
  • 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 #: 62434435330000350
  • Zoning: R-D(1) - Moderate

Multi Family

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

Tax Info

  • Tax Annual Amount: 47516.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Oct 29, 2021
Sold by
3550 Palm Beach Holdings Llc
Bought by
Kim Young Kyun
Seller's Agent
Mia Morrison
The Corcoran Group
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$1,750,000
Sold Price
$1,750,000
Current Estimated Value
$2,000,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,356
Avg. Annual Appreciation
5.10%
Original Mortgage
$1,400,000
Outstanding Balance
$1,294,478
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$815,388
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
Kim Young Kyun $1,750,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Young Kyun $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2021 11/02/21 Sold $1,750,000 0.0% $646 / Sq Ft
11/02/2021 11/02/21 Sold $1,750,000 0.0% $646 / Sq Ft
10/03/2021 10/03/21 Pending -- -- --
09/27/2021 09/27/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $1,750,000 -11.7% $646 / Sq Ft
09/04/2020 09/04/20 For Sale $1,981,741 -- $731 / 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 $25,352 $1,325,000 -- --
2023 $31,976 $1,650,000 $0 $1,650,000
2022 $32,729 $1,650,000 $0 $0
2021 $35,573 $1,700,000 $0 $1,700,000
2020 $47,516 $2,250,000 $0 $2,250,000
Source: Public Records

Agents Affiliated with this Home

  • Mia Morrison

    Seller's Agent in 2021

    Mia Morrison

    The Corcoran Group

    (561) 379-7691

    23 in this area

    48 Total Sales

    Section Image

  • S

    Seller Co-Listing Agent in 2021

    SUZANNE PETRIZZI

    The Corcoran Group

    (561) 655-9081

    18 in this area

    64 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    NON MEMBER

    NON MEMBER FIRM

See All Agents

Map

Source: Palm Beach Board of REALTORS®

MLS Number: 20-1512

APN: 62-43-44-35-33-000-0350

Florida Palm Beach County Palm Beach 33480

3550 S Ocean Blvd Unit 3 E, Palm Beach, FL

This home is located at 3550 S Ocean Blvd Unit 3 E, Palm Beach, FL 33480 since 25 June 2021 and is currently estimated at $2,039,191, approximately $752 per square foot. This property was built in 2019. 3550 S Ocean Blvd Unit 3 E is a home located in Palm Beach County with nearby schools including Lantana Elementary School, Lake Worth High School, and Lantana Middle School.

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