3550 S Ocean Blvd Unit 5b Palm Beach, FL 33480
3
Beds
3.5
Baths
2,982
Sq Ft
$3,558/mo
HOA Fee
Highlights
- Doorman
- Fitness Center
- Great Room
- Ocean Front
- Wood Flooring
- Community Pool
About This Home
As of July 2024AUCTION: Bid 6-19 June | Listed for $4.225M | No Reserve | Starting Bids Expected Between $1.5M-$2.75M | Showings Sat & Sun 1-4 PM & by appointmentEnjoy the finest coastal living at 3550 South Ocean Boulevard in this luxury beachfront condominium. 3550 South Ocean is a boutique property with thirty condominium residences, offering the perfect combination of location, elevated amenities, and privacy. The building is brand new, with impact doors, windows, and high-end details. This unit has chiseled limestone, white pine, and walnut that warm the space, plus floor-to-ceiling windows with an unmatched ocean view. The primary suite has a large, modern ensuite bathroom, with a lavish bathtub and shower. There is also a spacious dressing room and a private balcony overlooking the clear blue
Last Agent to Sell the Property
Sotheby's Intl. Realty, Inc. License #3278434 Listed on: 02/02/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $62,153
Year Built
- Built in 2019
Lot Details
- Ocean Front
HOA Fees
- $3,558 Monthly HOA Fees
Parking
- Over 1 Space Per Unit
- Assigned Parking
Interior Spaces
- 2,982 Sq Ft Home
- Entrance Foyer
- Great Room
- Combination Kitchen and Dining Room
- Den
- Wood Flooring
- Ocean Views
Kitchen
- Built-In Oven
- Gas Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- Dual Sinks
- Separate Shower in Primary Bathroom
Laundry
- Laundry Room
- Washer and Dryer
Home Security
- Security Gate
- Intercom
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- Assessor Parcel Number 62434435330000520
Community Details
Overview
- Association fees include management, common areas, cable TV, hot water, parking, sewer, security, trash, water
- 30 Units
- High-Rise Condominium
- 3550 South Ocean Condo Subdivision
- 8-Story Property
Amenities
- Doorman
- Community Storage Space
- Elevator
Recreation
- Fitness Center
- Community Pool
Pet Policy
- Pets Allowed
Security
- Resident Manager or Management On Site
- Phone Entry
- Impact Glass
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 2, 2023
Closed on
Jul 22, 2024
Sold by
3550 Palm Beach Holdings Llc
Bought by
Rachel Salzmann Revocable Living Trust and Eli Salzmann Revocable Trust
Seller's Agent
Kourtney Pulitzer
Sotheby's Intl. Realty, Inc.
Buyer's Agent
Linda Stillwell
Brown Harris Stevens of PB
List Price
$4,900,000
Sold Price
$2,800,000
Premium/Discount to List
-$2,100,000
-42.86%
Total Days on Market
511
Views
243
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$687,099
Avg. Annual Appreciation
29.07%
Similar Homes in Palm Beach, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $2,800,000 | None Listed On Document |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2024 07/22/24 | Sold | $2,800,000 | 0.0% | $939 / Sq Ft |
| 06/28/2024 06/28/24 | Pending | -- | -- | -- |
| 06/07/2024 06/07/24 | Price Changed | $2,800,000 | -33.7% | $939 / Sq Ft |
| 01/29/2024 01/29/24 | Price Changed | $4,225,300 | -6.0% | $1,417 / Sq Ft |
| 05/10/2023 05/10/23 | Price Changed | $4,495,000 | -2.3% | $1,507 / Sq Ft |
| 03/16/2023 03/16/23 | Price Changed | $4,600,000 | -6.1% | $1,543 / Sq Ft |
| 02/02/2023 02/02/23 | For Sale | $4,900,000 | -- | $1,643 / Sq Ft |
Source: BeachesMLS
Tax History Compared to Growth
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 | $65,522 | $3,194,400 | -- | -- |
| 2023 | $62,153 | $2,904,000 | $0 | $0 |
| 2022 | $55,820 | $2,640,000 | $0 | $0 |
| 2021 | $50,182 | $2,400,000 | $0 | $2,400,000 |
| 2020 | $50,677 | $2,400,000 | $0 | $2,400,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kourtney Pulitzer
Seller's Agent in 2024
Kourtney Pulitzer
Sotheby's Intl. Realty, Inc.
(561) 722-1745
16 in this area
89 Total Sales
-
Linda Stillwell
Buyer's Agent in 2024
Linda Stillwell
Brown Harris Stevens of PB
(646) 483-9843
1 in this area
7 Total Sales
Map
Source: BeachesMLS
MLS Number: R10863276
APN: 62-43-44-35-33-000-0520
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