$365,000
SOLD DEC 30, 2019

City Place South Tower 550 Okeechobee Blvd Unit 506 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood
2 Beds
2 Baths
1,120 Sq Ft
$780/mo HOA Fee

Recently Sold

$326 Per Sq Ft

4% Below List Price

24 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Clubhouse
  • Palm Beach Public School Rated A-
  • 114,462 Sq Ft lot
  • Sauna

About This Home

As of December 2019

2 BR 2 BA - all tiles. Great city views. Full service building with amazing amenities. Walk to City Place with restaurants, movie theaters and shops. Only minutes to Palm Beach and the Atlantic Ocean. One parking spot on the same level (5th floor). Second parking spot available for $25,000.All assessment paid in full.

Last Agent to Sell the Property

Martin Schaefer

Compass Florida LLC License #3067230 Listed on: 11/05/2019

Compass Florida LLC

Last Buyer's Agent

Roman Fischer

FPB Investment Properties, Inc License #3284948

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,543

Year Built

  • Built in 2008

HOA Fees

  • $780 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Interior Spaces

  • 1,120 Sq Ft Home
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Security Gate
  • Closed Circuit Camera

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434328340000506

Community Details

Overview

  • Cityplace South Tower Con Subdivision
  • 20-Story Property

Amenities

  • Doorman
  • Game Room
  • Billiard Room
  • Business Center
  • Community Library

Recreation

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,543

Year Built

Built in 2008

Lot Details

0

HOA Fees

$780 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: I95 to Okeechobee Blvd - East on Okeechobee Blvd - City Place Southtower
  • Year Built: 2008
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Closet Cabinetry, Elevator, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 1120.0
  • Stories: 20
  • Window Features: Impact Glass

Exterior Features

  • Pool Features: None, Association, Community
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Garage

Utilities

  • Security: Closed Circuit Camera(s), Door Man, Security Gate, Key Card Entry, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 780.0
  • Community Features: Clubhouse, Game Room, Property Manager On-Site, Pool, Sauna
  • Senior Community: No
  • Amenities: Billiard Room, Bike Storage, Business Center, Clubhouse, Fitness Center, Library, Management, Pool, Sauna, Trash
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434328340000506
  • Lot Size Sq Ft: 114462.0
  • Zoning Description: CPD(ci
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 5543.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2020
Sold by
Joshi Kirit V
Bought by
Joshi Nila K and Joshi Krit V

Purchase Details

Listed on
Nov 5, 2019
Closed on
Dec 30, 2019
Sold by
Southtower Property Holdings Llc
Bought by
Joshi Kirit V
Seller's Agent
Martin Schaefer
Compass Florida LLC
Buyer's Agent
Roman Fischer
FPB Investment Properties, Inc
List Price
$379,000
Sold Price
$365,000
Premium/Discount to List
-$14,000
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.30%
Original Mortgage
$250,000
Outstanding Balance
$220,934
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$490,289

Purchase Details

Closed on
Sep 15, 2014
Sold by
Schaefer Martin
Bought by
Southtower Property Holdings Llc

Purchase Details

Closed on
Apr 30, 2010
Sold by
West Palm Condo Llc
Bought by
Schaefer Martin
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $365,000 Attorney
Special Warranty Deed $26,000 Attorney
Special Warranty Deed $290,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 For Rent $3,800 0.0% --
08/11/2025 08/11/25 For Sale $650,000 +78.1% $580 / Sq Ft
12/30/2019 12/30/19 Sold $365,000 -3.7% $326 / Sq Ft
11/30/2019 11/30/19 Pending -- -- --
11/05/2019 11/05/19 For Sale $379,000 0.0% $338 / Sq Ft
06/15/2017 06/15/17 Rented $2,150 -10.4% --
05/16/2017 05/16/17 Under Contract -- -- --
04/13/2017 04/13/17 For Rent $2,400 -- --
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 $5,690 $310,335 -- --
2023 $5,542 $301,296 $0 $0
2022 $5,475 $292,520 $0 $0
2021 $5,457 $284,000 $0 $284,000
2020 $5,973 $305,000 $0 $305,000
2019 $6,387 $320,000 $0 $320,000
2018 $5,543 $280,000 $0 $280,000
2017 $5,139 $260,000 $0 $0
2016 $4,495 $195,000 $0 $0
2015 $5,308 $225,000 $0 $0
2014 $4,895 $205,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Roman Fischer

    Seller's Agent in 2025

    Roman Fischer

    FPB Investment Properties, Inc

    (561) 320-1295

    29 Total Sales

    Roman Fischer
    Section Image

  • M

    Seller's Agent in 2019

    Martin Schaefer

    Compass Florida LLC

    (561) 252-6004

    4 in this area

    5 Total Sales

    Martin Schaefer
    Section Image

  • I

    Buyer's Agent in 2017

    IAN LANGSAM

    United Realty Group, Inc

    4 in this area

    10 Total Sales

    IAN LANGSAM
    Section Image
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About City Place South Tower

Map

Source: BeachesMLS

MLS Number: R10575582

BeachesMLS

APN: 74-43-43-28-34-000-0506

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

550 Okeechobee Blvd Unit 506, West Palm Beach, FL

This home is located at 550 Okeechobee Blvd Unit 506, West Palm Beach, FL 33401 and is currently priced at $365,000, approximately $325 per square foot. This property was built in 2008. 550 Okeechobee Blvd Unit 506 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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