$1,568,000 - $4,258,000
RENTED DEC 31, 2024

3550 S Ocean Blvd Unit Ph-E Palm Beach, FL 33480

3 Beds
4 Baths
2,762 Sq Ft
$1,144 Price per Sq Ft

Last Sold July 27, 2021

Last sale price $3,050,000 $1,104 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $22,877/month

Highlights

  • Doorman
  • Outdoor Pool
  • Contemporary Architecture
  • Property has ocean access
  • Waterfront
  • Wood Flooring

About This Home

As of December 2024

Available now for annual or seasonal rent! Welcome to this newly constructed 5,922 sq. ft.oceanfront penthouse at 3550 South Ocean Condominium in Palm Beach. This penthouse has it all, featuring multiple balconies, 3,122 sq. ft of refined interior and exterior space, and an additional 2800 sq. ft of a private rooftop terrace with 360-degree views of the turquoise Atlantic Ocean. Unwind in luxury on pristine furnishings handpicked from Restoration Hardware and Natuzzi. The penthouse boasts an Italian-inspired kitchen with a stylish island, top-of-the-line Miele appliances, an oversized wine fridge, and spa-like bathrooms that invite relaxation. As a resident of 3550 South Ocean Condo, you'll enjoy access to first-class amenities, including a refreshing saltwater pool, a rejuvenating hot tub, a state-of-the-art fitness center, the convenience of valet services, and a dedicated 24-hour concierge.

Embrace the epitome of sophistication and coastal elegance in this remarkable penthouse, a rare opportunity for a genuinely unparalleled living experience in Palm Beach.

Last Agent to Rent the Property

Kourtney Pulitzer

Sotheby's International Realty, Inc. License #SL-3278434 Listed on: 11/08/2024

Sotheby's International Realty, Inc.

Co-Listed By

Natalie Sterling

Sotheby's International Realty, Inc. License #SL-3392887

Last Renter's Agent

Lori Cronican

Douglas Elliman License #SL-3389273

Douglas Elliman

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $68,373

Year Built

  • Built in 2019

Lot Details

  • Waterfront
  • Northeast Facing Home

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,762 Sq Ft Home
  • Library
  • Storage

Kitchen

  • Single Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Parking

  • Parking Available
  • Covered Parking
  • Open Parking

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Balcony
  • Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $19,250
  • Rent includes sewer
  • 12 Month Lease Term
  • Seasonal Lease Term
  • Assessor Parcel Number 62434435330000750

Community Details

Overview

  • Property has a Home Owners Association
  • 30 Units
  • 3550 South Ocean Community
  • 7-Story Property

Amenities

  • Doorman
  • Lobby
  • Elevator

Pet Policy

  • Pet Restriction
  • Dogs Allowed
  • Small pets allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$68,373

Year Built

Built in 2019

Lot Details

0

Rental Info

  • Tenant Pays: Tenant Pays

Listing Details

  • Property Sub Type: Condo/Coop
  • Prop. Type: Residential Lease
  • Subdivision Name: N/A
  • Directions: Some maps bring you to the wrong location. 3550 S Ocean Blvd PH-E Palm Beach, FL 33480 Located directly across the street from the South Palm Beach Town Hall. Back up address is 3577 S Ocean Blvd.
  • Architectural Style: Contemporary
  • Building Name: 3550 South Ocean
  • Year Built: 2019
  • Location Tax Legal:Name of Building: 3550 South Ocean
  • General Property Description:Living Area: 2762.0
  • General Property Description:Pool: Yes
  • General Property Description:Waterfront: Yes
  • General Property Description:_pound_ Units in Complex: 30
  • General Property Description:_pound_ Floors: 7.0
  • Exposure of Unit:East2: Yes
  • Pool:Pool3: Yes
  • Floors:Tile: Yes
  • ACHeat:Central Air: Yes
  • ACHeat:Central Heat: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Appliances Dryer: Yes
  • Security:Door Person: Yes
  • Services Included:Full Time Manager: Yes
  • Exposure of Unit:North2: Yes
  • Floors:Hardwood: Yes
  • Contract Information:Deposit Amount: 19250.0
  • Laundry:Laundry in Unit2: Yes
  • Pets:Pets Allowed: Pets w/Restrictions
  • Lease Type:Annual: Yes
  • Utilities Included:Sewer3: Yes
  • Pets:Pet Type: Dogs
  • Lease Type:Seasonal: Yes
  • Pets:Weight Restrictions: 25 lbs or Under
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Range-Electric, Oven-Single, Microwave, Washer, Dryer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Hardwood, Tile
  • Interior Amenities: Elevator, Storage
  • Living Area: 2762.0
  • Stories: 7
  • Interior Features:Storage: Yes
  • Other Rooms:LibraryDen: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Elevator: Yes
  • Appliances:Range - Electric: Yes
  • Appliances:Oven-Single: Yes

Exterior Features

  • Pool Features: Pool
  • Pool Private: Yes
  • Exterior Features: Balcony, Patio/Lanai, Ocean Access-Deeded, Impact Doors, Impact Windows, Elevator, Lobby
  • Exterior Features:Balcony: Yes
  • Exterior Features:Elevator2: Yes
  • Exterior Features:Lobby: Yes
  • Exterior Features:Impact Doors: Yes
  • Exterior Features:Impact Windows: Yes
  • Exterior Features:PatioLanai: Yes
  • Exterior Features:Ocean Access-Deeded: Yes

Garage/Parking

  • Parking:Open Parking: Yes
  • Parking:Covered Parking2: Yes
  • Parking 2 Car2: Yes

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Sewer
  • Amenities: Full Time Manager

Association/Amenities

  • Restrictions:Condo Association: Yes

Lot Info

  • Parcel #: 62434435330000750

Multi Family

  • Number Of Units Total: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2022
Sold by
Shapiro Barry S and Shapiro Genevieve Davis
Bought by
Barry Shapiro 2019 Revocable Trust and Genevieve Davis Shapiro 2019 Revocable Trust
Current Estimated Value
$3,158,852
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 Buyer Sale Price Title Company
Barry Shapiro 2019 Revocable Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2024 12/31/24 Rented $26,000 +35.1% --
11/08/2024 11/08/24 For Rent $19,250 -14.4% --
09/27/2023 09/27/23 Rented $22,500 0.0% --
09/07/2023 09/07/23 Under Contract -- -- --
07/28/2023 07/28/23 For Rent $22,500 0.0% --
07/27/2021 07/27/21 Sold $3,050,000 +5.9% $1,125 / Sq Ft
06/27/2021 06/27/21 Pending -- -- --
12/16/2020 12/16/20 For Sale $2,880,000 -- $1,062 / 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 $68,373 $3,456,090 -- --
2023 $64,700 $3,141,900 $0 $0
2022 $58,057 $2,856,273 $0 $0
2021 $52,075 $2,490,732 $0 $2,490,732
2020 $66,358 $3,144,049 $0 $3,144,049
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Palm Beach Board of REALTORS®

MLS Number: 24-1658

APN: 62-43-44-35-33-000-0750