NOT LISTED FOR SALE

3550 S Ocean Blvd Unit 6c Palm Beach, FL 33480

Estimated Value: $1,723,000 - $3,491,000

2 Beds
3 Baths
2,894 Sq Ft
$865/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $2,765,000 $955 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $18,758/month

96 Days on Market

Highlights

  • Direct Ocean View
  • Outdoor Pool
  • Wood Flooring
  • Fitness Center
  • Waterfront
  • Home Gym

About This Home

As of March 2022

3550 South Ocean's magnificent condos, the first new beachfront residential development on Palm Beach in a decade, are nestled in the tranquil southern tip of Palm Beach. You'll live just minutes from the world-class dining and shopping of Worth Avenue and the opulent parties and galas that define the town's winter season. Currently five of the most exquisite condos in this modern upscale building of only 30 units are immediately available. Ranging in size from 2, 600 SF to 2,890 SF, there are three 2 bedroom condos and two 3 bedroom condos with your choice of 3 or 3.5 bathrooms, depending on the unit you select. 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

SUZANNE PETRIZZI

The Corcoran Group License #3292607 Listed on: 12/02/2021

Co-Listed By

Mia Morrison

The Corcoran Group License #3077087

Last Buyer's Agent

DAWN ASSENZIO

Compass Florida LLC License #SL-3204392

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $38,703

Lot Details

  • Waterfront
  • East Facing Home

HOA Fees

  • $2,711 Monthly HOA Fees

Parking

  • 2 Car Garage

Interior Spaces

  • 2,894 Sq Ft Home
  • Dining Area
  • Home Gym
  • Wood Flooring
  • Direct Ocean Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Eco-Friendly Details

  • Non-Toxic Pest Control

Outdoor Features

  • Outdoor Pool
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 62434435330000630

Community Details

Overview

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

Amenities

  • Common Area
  • Lobby

Recreation

  • Fitness Center

Pet Policy

  • Pet Restriction

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$38,703

Lot Details

0

HOA Fees

$2,711 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condo/Co-Op
  • Building Name: 3550 South Ocean
  • Location Tax Legal:Name of Building: 3550 South Ocean
  • Location Tax Legal:Zoned: RD-1
  • Location Tax Legal:Homestead Exempt: No
  • Location Tax Legal:Taxes2: 38703.0
  • Location Tax Legal:Tax Year2: 2020
  • General Property Description:Living Area: 2894.0
  • General Property Description:Pool: No
  • 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
  • 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
  • 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:Pest Control: Yes
  • Maintenance Includes:Sewer2: Yes
  • Maintenance Includes:Water2: Yes
  • Floors:Hardwood: Yes
  • Security:Security Guards: Yes
  • Lease Restrictions Pets W Restrictions: Yes
  • Waterfront-Unit:Ocean - Direct2: Yes
  • Maintenance Includes:Cable TV: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Microwave, Washer, Dryer, Range - Gas
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • Living Area: 2894.0
  • Stories: 8
  • Appliances Dishwasher: Yes
  • Other Rooms:Dining Area: Yes
  • Appliances:Range-Gas: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: No
  • Exterior Features: Balcony, Impact Doors, Impact Windows, Exercise Room, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Exercise Room2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes

Garage/Parking

  • Parking:Garage2: Yes
  • Parking:_two_ Car2: Yes

Utilities

  • Laundry Features: Laundry in Unit
  • Security: Security Guards
  • Heating: Central Air, Central Heat
  • Heating Yn: Yes

Condo/Co-op/Association

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

Association/Amenities

  • Restrictions:Condo Association: Yes

Fee Information

  • Association Fee Includes: Insurance, Cable TV, Common Area, Maintenance Exterior, Trash, Pest Control, Sewer, Water

Lot Info

  • Development Status: Land Owned
  • Parcel #: 62434435330000630
  • Zoning: RD-1

Multi Family

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

Tax Info

  • Tax Annual Amount: 38703.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2021
Closed on
Mar 28, 2022
Sold by
3550 Palm Beach Holdings Llc
Bought by
John B Payne Revocable Trust
Seller's Agent
SUZANNE PETRIZZI
The Corcoran Group
Buyer's Agent
DAWN ASSENZIO
Compass Florida LLC
List Price
$2,765,000
Sold Price
$2,765,000
Current Estimated Value
$2,265,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$499,393
Avg. Annual Appreciation
-3.02%
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
John B Payne Revocable Trust $2,765,000 Gray Robinson Pa
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $2,765,000 0.0% $955 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
12/02/2021 12/02/21 For Sale $2,765,000 -- $955 / 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 $42,411 $2,150,000 -- --
2023 $42,715 $2,150,000 $0 $2,150,000
2022 $38,268 $1,881,000 $0 $0
2021 $38,704 $1,850,000 $0 $1,850,000
2020 $39,085 $1,850,000 $0 $1,850,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 21-1706

APN: 62-43-44-35-33-000-0630