NOT LISTED FOR SALE

5050 N Ocean Dr Unit 1502 Riviera Beach, FL 33404

Estimated Value: $3,406,070 - $3,579,000

3 Beds
3.5 Baths
3,136 Sq Ft
$2,071/mo HOA Fee

Last Sold May 15, 2013

Last sale price $2,050,000 $654 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $25,410/month

402 Days on Market

Highlights

  • Ocean Front
  • Roman Tub
  • High Ceiling
  • William T. Dwyer High School Rated A-
  • Marble Flooring
  • Balcony

About This Home

As of May 2013

Last chance to purchase in this beautiful oceanfront building. Only 2 units remain! This residence is fully furnished by professional decorators, high end built ins and accessories, family and living rooms, oversized kitchen with granite Each residence ha s different features and furnishings but they all include custom gourmet chef's kitchen with granite countertops, top of the line appliances, impact glass windows and sliding glass doors, private terrace,elegant crown moldings, high ceilings, high end bui

Last Agent to Sell the Property

Soheila Marchal

Coldwell Banker Realty License #0557782 Listed on: 03/08/2012

Coldwell Banker Realty

Last Buyer's Agent

Elizabeth Munson

Inactive Member License #0640558

Inactive Member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $39,109

Year Built

  • Built in 2008

Lot Details

  • Ocean Front
  • Southeast Facing Home

HOA Fees

  • $2,071 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 3,136 Sq Ft Home
  • Custom Mirrors
  • High Ceiling
  • Entrance Foyer
  • Combination Dining and Living Room
  • Ocean Views

Kitchen

  • Built-In Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Roman Tub

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 56434222390001502

Community Details

Overview

  • Association fees include management, common areas, ground maintenance, parking, security
  • Oceans Edge Subdivision
  • 19-Story Property

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$39,109

Year Built

Built in 2008

Lot Details

0

HOA Fees

$2,071 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: East On PGA BLVD. to Ocean Drive, South to 5050
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Interior Amenities: Entrance Foyer, Garden Tub/Roman Tub, High Ceilings, Living/Dining Room, Custom Mirrors, Pantry, Walk-In Closet(s)
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Marble
  • Living Area: 3136.0
  • Stories: 19

Exterior Features

  • Exterior Features: Balcony
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Direction Faces: Southeast
  • Patio And Porch Features: Balcony, Open

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 2071.0
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Size Limit, Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Maintenance Grounds, Parking, Security

Lot Info

  • Parcel #: 56434222390001502

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 39109.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2012
Closed on
May 15, 2013
Sold by
Toll Fl Iv Limited Partnership
Bought by
Shannon Kenneth F
Seller's Agent
Soheila Marchal
Coldwell Banker Realty
Buyer's Agent
Elizabeth Munson
Inactive Member
List Price
$2,149,995
Sold Price
$2,050,000
Premium/Discount to List
-$99,995
-4.65%
Current Estimated Value
$3,502,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,452,268
Avg. Annual Appreciation
4.44%
Original Mortgage
$1,500,000
Outstanding Balance
$347,747
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$3,154,521
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
Shannon Kenneth F $2,050,000 Westminster Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shannon Kenneth F $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2013 05/15/13 Sold $2,050,000 -4.7% $654 / Sq Ft
04/15/2013 04/15/13 Pending -- -- --
03/08/2012 03/08/12 For Sale $2,149,995 -- $686 / 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 $52,845 $2,488,970 -- --
2023 $47,114 $2,262,700 $0 $0
2022 $43,682 $2,057,000 $0 $0
2021 $40,826 $1,870,000 $0 $1,870,000
2020 $37,629 $1,710,000 $0 $1,710,000
2019 $37,994 $1,710,000 $0 $1,710,000
2018 $37,058 $1,710,000 $0 $1,710,000
2017 $39,527 $1,800,000 $0 $0
2016 $46,024 $2,046,000 $0 $0
2015 $42,857 $1,860,000 $0 $0
2014 $41,798 $1,760,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Soheila Marchal

    Seller's Agent in 2013

    Soheila Marchal

    Coldwell Banker Realty

    (561) 346-3250

    44 Total Sales

    Soheila Marchal
    Section Image

  • E

    Buyer's Agent in 2013

    Elizabeth Munson

    Inactive Member

    Section Image
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Map

Source: BeachesMLS

MLS Number: R3265478

BeachesMLS

APN: 56-43-42-22-39-000-1502

Florida Palm Beach County Riviera Beach 33404

5050 N Ocean Dr Unit 1502, Riviera Beach, FL

This home is located at 5050 N Ocean Dr Unit 1502, Riviera Beach, FL 33404 since 08 March 2012 and is currently estimated at $3,502,268, approximately $1,116 per square foot. This property was built in 2008. 5050 N Ocean Dr Unit 1502 is a home located in Palm Beach County with nearby schools including Lincoln Elementary School, William T. Dwyer High School, and John F. Kennedy Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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