$225,000
SOLD OCT 31, 2025

3605 S Ocean Blvd Unit 534 South Palm Beach, FL 33480

2 Beds
2 Baths
1,204 Sq Ft
$1,950/mo HOA Fee

Recently Sold

$187 Per Sq Ft

10% Below List Price

71 Days on Market

Highlights

  • Doorman
  • Property fronts an intracoastal waterway
  • Garden View
  • Property has ocean access
  • Fitness Center
  • Sauna

About This Home

As of October 2025

PALM BEACH'S LOWEST PRICED PENTHOUSE, DIRECTLY ACROSS FROM THE BEACH. SELLER FINANCING AVAILABLE!!! Fully Renovated 2Bedroom, 2 Bathroom unit with open kitchen, marble baths. huge balcony overlooking beautifully landscaped grounds, doorman, and walking distance to Publix, Shopping, Restaurants, and Eau Resort. The only thing missing from this opportunity is owner financing, which is also available to a qualified buyer.

Last Agent to Sell the Property

Donald Gorbach

Gorbach Realty License #3460597 Listed on: 07/14/2025

Last Buyer's Agent

Claire Albertson

The Inside Network License #3573622

The Inside Network

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,871

Year Built

  • Built in 1974

HOA Fees

  • $1,950 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 5th floor
  • Tar and Gravel Roof

Interior Spaces

  • 1,204 Sq Ft Home
  • Custom Mirrors
  • Partially Furnished
  • Open Floorplan
  • Garden Views

Kitchen

  • Eat-In Kitchen
  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Closet Cabinetry
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Property has ocean access
  • Property fronts an intracoastal waterway

Listing and Financial Details

  • Assessor Parcel Number 62434435090005340

Community Details

Overview

  • Association fees include management, common areas, cable TV, insurance, laundry, legal/accounting, ground maintenance, maintenance structure, parking, pest control, reserve fund, roof, sewer, trash, water
  • Southgate Condo Subdivision
  • 5-Story Property

Amenities

  • Doorman
  • Sauna
  • Laundry Facilities
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,871

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,950 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Approx. 1.2 mile north of Eau Resort
  • Year Built: 1974
  • Entry Level: 5
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Closet Cabinetry, Eat-in Kitchen, Kitchen/Dining Combo, Living/Dining Room, Custom Mirrors, Separate Shower
  • Main Level Bedrooms: 2
  • Furnished: Partially
  • Appliances: Cooktop, Dishwasher, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Laminate, Tile
  • Living Area: 1204.0
  • Dining Room Type: Storage Room
  • Stories: 5

Exterior Features

  • View: Garden
  • Pool Features: None, Association, Community
  • Pool Private: No
  • Waterfront Features: Intracoastal Access, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Tar/Gravel

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Laundry Features: Common Area
  • Security: Door Man
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1950.0
  • Community Features: Non-Gated, Property Manager On-Site, Pool, Sauna, Street Lights
  • Senior Community: No
  • Amenities: Fitness Center, Laundry, Management, Pool, Sauna, Trash, Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Insurance, Laundry, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Reserve Fund, Roof, Sewer, Trash, Water

Lot Info

  • Parcel #: 62434435090005340
  • Lot Size: East of US-1,Paved Road,
  • Zoning Description: R-2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4871.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2025
Closed on
Oct 21, 2025
Sold by
Paavola Jouko
Bought by
Ashkenazi Victor and Ashkenazi Alia
Seller's Agent
Donald Gorbach
Gorbach Realty
Buyer's Agent
Claire Albertson
The Inside Network
List Price
$249,000
Sold Price
$225,000
Premium/Discount to List
-$24,000
-9.64%
Views
91

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
384.84%

Purchase Details

Closed on
Sep 16, 2010
Sold by
Niemi Pentti
Bought by
Paavola Jouko

Purchase Details

Closed on
May 15, 2004
Sold by
Paavola Jouko and Paavola May
Bought by
Niemi Pentti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $225,000 First American Title Insurance
Trustee Deed -- None Available
Warranty Deed $85,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $120,000 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2025 10/31/25 Sold $225,000 -8.2% $187 / Sq Ft
09/23/2025 09/23/25 Pending -- -- --
09/03/2025 09/03/25 Price Changed $245,000 -1.6% $203 / Sq Ft
07/14/2025 07/14/25 For Sale $249,000 -- $207 / Sq Ft
Source: BeachesMLS

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 $4,871 $228,932 -- --
2023 $4,692 $208,120 $0 $0
2022 $3,986 $189,200 $0 $0
2021 $3,685 $172,000 $0 $172,000
2020 $3,509 $162,000 $0 $162,000
2019 $3,589 $162,000 $0 $162,000
2018 $3,485 $162,000 $0 $162,000
2017 $3,282 $152,000 $0 $0
2016 $3,037 $133,000 $0 $0
2015 $3,007 $127,000 $0 $0
2014 $2,782 $116,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Donald Gorbach

    Seller's Agent in 2025

    Donald Gorbach

    Gorbach Realty

    (561) 707-6210

    13 in this area

    44 Total Sales

    Donald Gorbach
    Section Image

  • C

    Buyer's Agent in 2025

    Claire Albertson

    The Inside Network

    (267) 323-0783

    1 in this area

    3 Total Sales

    Claire Albertson
    Section Image
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Map

Source: BeachesMLS

MLS Number: R11107289

BeachesMLS

APN: 62-43-44-35-09-000-5340

Florida Palm Beach County South Palm Beach 33462

3605 S Ocean Blvd Unit 534, South Palm Beach, FL

Sold

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BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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