NOT LISTED FOR SALE

City Place South Tower 550 Okeechobee Blvd Unit 309 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $648,032 - $830,000

2 Beds
2 Baths
1,118 Sq Ft
$1,214/mo HOA Fee

Last Sold May 01, 2024

Last sale price $700,000 $626 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,855/month

181 Days on Market

Highlights

  • Doorman
  • Water Views
  • Gated Community
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Clubhouse

About This Home

As of May 2024

Super rare condo!! Do you like having lots of outdoor space? This condo has a veranda + a huge outdoor terrace! Also includes a tandem parking space (accommodates 2 cars) and an XL storage cage - both on same floor as unit - no elevator needed! Unit has been refreshed and is move-in ready. Furniture negotiable. Tile floor throughout. Open kitchen with stainless, granite counters, wine cooler. Primary bedroom with walk-in closet and en-suite bath with dual sinks, shower, soaking tub. Full-size side-by-side W/D in unit. South Tower is an upscale building with a resort-styled pool deck with hot tub & summer kitchen, club room with billiards, fitness studio, massage suite, sauna, steam, 24hr front desk, and valet. Downtown lifestyle minutes from the beaches and airport.

Last Agent to Sell the Property

Barbara Pond

Frater Realty LLC License #3057495 Listed on: 09/25/2023

Last Buyer's Agent

Barbara Pond

Frater Realty LLC License #3057495 Listed on: 09/25/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,813

Year Built

  • Built in 2008

HOA Fees

  • $1,214 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,118 Sq Ft Home
  • Great Room
  • Ceramic Tile Flooring
  • Washer and Dryer

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434328340000309

Community Details

Overview

  • Association fees include common areas, cable TV, hot water, insurance, maintenance structure, reserve fund, sewer, trash, water
  • 422 Units
  • Cityplace South Tower Subdivision
  • 21-Story Property

Amenities

  • Doorman

Recreation

  • Community Spa
  • Park

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,813

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,214 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Okeechobee Blvd east from I95, right at Hilton Hotel past the Convention Center, building entry and valet on your left.
  • Year Built: 2008
  • Entry Level: 3
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dual Sinks, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1118.0
  • Dining Room Type: Great Room
  • Stories: 21

Exterior Features

  • Exterior Features: Patio
  • View: Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront: No
  • Disclosures: Foreign Seller
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Garage, Two or More Spaces

Utilities

  • Security: Door Man
  • Cooling: Central Air
  • 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: 1214.0
  • Community Features: Gated, Park, Pool, Sauna
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Pool, Sauna, Spa/Hot Tub, Trash
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Hot Water, Insurance, Maintenance Structure, Reserve Fund, Sewer, Trash, Water

Lot Info

  • Parcel #: 74434328340000309
  • Lot Size Sq Ft: 365.0
  • Zoning Description: res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6813.0

Multi Family

  • Number Of Units In Community: 422

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2023
Closed on
May 1, 2024
Sold by
Carrier Francois
Bought by
Schreck Brad S and Schreck Marcy B
Seller's Agent
Barbara Pond
Frater Realty LLC
Buyer's Agent
Barbara Pond
Frater Realty LLC
List Price
$818,000
Sold Price
$700,000
Premium/Discount to List
-$118,000
-14.43%
Views
66
Current Estimated Value
$733,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,258
Avg. Annual Appreciation
3.30%

Purchase Details

Closed on
Oct 27, 2011
Sold by
Gb West Palm 1 Llc
Bought by
Carrier Francois

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2010
Sold by
West Palm Condo Llc
Bought by
Gb West Palm 1 Llc
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Schreck Brad S $700,000 None Listed On Document
Schreck Brad S $700,000 None Listed On Document
Carrier Francois $245,000 Title Matters Llc
Gb West Palm 1 Llc $63,964,880 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carrier Francois $196,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2024 05/01/24 Sold $700,000 -11.9% $626 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
02/14/2024 02/14/24 Price Changed $795,000 -2.8% $711 / Sq Ft
12/14/2023 12/14/23 For Sale $818,000 0.0% $732 / Sq Ft
12/14/2023 12/14/23 Price Changed $818,000 +16.9% $732 / Sq Ft
11/13/2023 11/13/23 Off Market $700,000 -- --
09/28/2023 09/28/23 For Sale $858,000 0.0% $767 / Sq Ft
01/22/2021 01/22/21 Rented $2,800 -3.4% --
12/23/2020 12/23/20 Under Contract -- -- --
10/01/2020 10/01/20 For Rent $2,900 +3.6% --
10/01/2018 10/01/18 Rented $2,800 -3.4% --
09/01/2018 09/01/18 Under Contract -- -- --
07/03/2018 07/03/18 For Rent $2,900 +7.4% --
07/29/2016 07/29/16 Rented $2,700 -1.8% --
06/29/2016 06/29/16 Under Contract -- -- --
05/17/2016 05/17/16 For Rent $2,750 -- --
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 $8,856 $359,370 -- --
2023 $8,408 $326,700 $0 $0
2022 $6,813 $297,000 $0 $0
2021 $6,068 $270,000 $0 $270,000
2020 $6,026 $285,000 $0 $285,000
2019 $5,844 $300,000 $0 $300,000
2018 $5,047 $260,000 $0 $260,000
2017 $4,669 $240,000 $0 $0
2016 $4,046 $175,000 $0 $0
2015 $4,823 $203,500 $0 $0
2014 $4,430 $185,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Barbara Pond

    Frater Realty LLC

    (561) 385-1399

    12 in this area

    17 Total Sales

    Barbara Pond
    Section Image
  • B. DUERR

    Buyer's Agent in 2021

    B. DUERR

    One Sotheby's International Re

    (305) 962-1876

    12 in this area

    74 Total Sales

    B. DUERR
    Section Image

  • S

    Buyer's Agent in 2018

    STEPHEN SIMPSON

    William Raveis Real Estate

    (561) 262-6263

    4 in this area

    45 Total Sales

    STEPHEN SIMPSON
    Section Image

  • Y

    Buyer's Agent in 2016

    Yianna Kaplanidis

    The Corcoran Group

    (561) 267-9898

    3 in this area

    40 Total Sales

    Yianna Kaplanidis
    Section Image
See All Agents

About City Place South Tower

Map

Source: BeachesMLS

MLS Number: R10922144

BeachesMLS

APN: 74-43-43-28-34-000-0309

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

550 Okeechobee Blvd Unit 309, West Palm Beach, FL

This home is located at 550 Okeechobee Blvd Unit 309, West Palm Beach, FL 33401 since 25 September 2023 and is currently estimated at $733,258, approximately $655 per square foot. This property was built in 2008. 550 Okeechobee Blvd Unit 309 is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High 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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