NOT LISTED FOR SALE

City Place South Tower 550 Okeechobee Blvd Unit MPH01 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $1,521,000 - $1,913,444

3 Beds
2 Baths
1,606 Sq Ft
$1,349/mo HOA Fee

Last Sold January 17, 2024

Last sale price $1,925,000 $1,199 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $13,190/month

78 Days on Market

Highlights

  • Doorman
  • Ocean View
  • In Ground Spa
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Gated Community

About This Home

As of January 2024

This is a truly remarkable, recently renovated, penthouse unit in one of West Palm Beach's finest buildings. High-end interior finishes abound with a new and on-trend kitchen, baths, pristine wood floors, custom closets, and wraparound balcony with sweeping views over town, across the intracoastal, to the ocean. A truly commanding position and ready for immediate occupancy for one lucky new owner.

Last Agent to Sell the Property

Conrad Clevlen

BHHS EWM Realty License #3524472 Listed on: 10/30/2023

BHHS EWM Realty

Last Buyer's Agent

DAVID BRAHMSTEADT

Logan Realty Inc License #3047355

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,991

Year Built

  • Built in 2008

Lot Details

  • 1

HOA Fees

  • $1,349 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit
  • Guest Parking
  • Deeded Parking
  • Assigned Parking

Property Views

Home Design

  • Concrete Roof

Interior Spaces

  • 1,606 Sq Ft Home
  • Furnished or left unfurnished upon request
  • High Ceiling
  • Blinds
  • Sliding Windows
  • Family Room
  • Formal Dining Room
  • Open Floorplan
  • Den
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Roman Tub
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • In Ground Spa
  • Wrap Around Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 74434328340002001

Community Details

Overview

  • Association fees include management, common areas, cable TV, hot water, insurance, maintenance structure, parking, pool(s), reserve fund, sewer, security, trash, water
  • Cityplace South Tower Con Subdivision
  • 20-Story Property

Amenities

  • Doorman
  • Billiard Room
  • Business Center
  • Community Library
  • Elevator
  • Community Storage Space

Recreation

  • Community Spa
  • Park

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Gated Community
  • Impact Glass
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,991

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,349 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 2008
  • Entry Level: 19
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Area, Dining Area, Separate/Formal Dining Room, Dual Sinks, Eat-in Kitchen, Family/Dining Room, Garden Tub/Roman Tub, High Ceilings, Jetted Tub, Kitchen/Dining Combo, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Private Spa: Yes
  • Furnished: Negotiable
  • Spa Features: In Ground, Community
  • Appliances: Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Marble, Wood
  • Living Area: 1606.0
  • Dining Room Type: Den, Family Room, Laundry, Storage Room
  • Stories: 20
  • Window Features: Blinds, Impact Glass, Sliding

Exterior Features

  • Exterior Features: Balcony
  • View: Intercoastal, Ocean, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block, Other
  • Patio And Porch Features: Wrap Around
  • Property Condition: Resale
  • Roof: Concrete

Garage/Parking

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

Utilities

  • Security: Security System, Door Man, Key Card Entry, Fire Sprinkler System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1349.0
  • Community Features: Clubhouse, Gated, Park, Property Manager On-Site, Pool, Sauna
  • Senior Community: No
  • Amenities: Billiard Room, Bike Storage, Business Center, Clubhouse, Fitness Center, Library, Management, Pool, Sauna, Spa/Hot Tub, Storage, Trash, Elevator(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Hot Water, Insurance, Maintenance Structure, Parking, Pool(s), Reserve Fund, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 74434328340002001
  • Lot Size: < 1/4 Acre
  • Zoning Description: CPD(ci

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8991.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2023
Closed on
Jan 17, 2024
Sold by
550Mph1 Llc
Bought by
Gruber Chad and Gruber Jessica
Seller's Agent
Conrad Clevlen
BHHS EWM Realty
Buyer's Agent
DAVID BRAHMSTEADT
Logan Realty Inc
List Price
$1,950,000
Sold Price
$1,925,000
Premium/Discount to List
-$25,000
-1.28%
Views
50
Current Estimated Value
$1,694,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$230,139
Avg. Annual Appreciation
-6.14%
Original Mortgage
$1,443,750
Outstanding Balance
$1,426,638
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$332,738

Purchase Details

Listed on
May 26, 2022
Closed on
Jun 11, 2022
Sold by
Opotowsky and Kathryn
Bought by
550Mph1 Llc
Seller's Agent
Alyse Keller
Compass Florida LLC (PB)
Buyer's Agent
Conrad Clevlen
BHHS EWM Realty
List Price
$1,650,000
Sold Price
$1,655,000
Premium/Discount to List
$5,000
0.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.97%

Purchase Details

Closed on
Mar 26, 2010
Sold by
West Palm Condo Llc
Bought by
Opotowsky Stuart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.93%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Gruber Chad $1,925,000 None Listed On Document
550Mph1 Llc $1,655,000 Trident Title
Opotowsky Stuart $580,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gruber Chad $1,443,750
Previous Owner Opotowsky Stuart $369,428
Previous Owner Opotowsky Stuart $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2024 01/17/24 Sold $1,925,000 -1.3% $1,199 / Sq Ft
10/30/2023 10/30/23 For Sale $1,950,000 +17.8% $1,214 / Sq Ft
06/14/2022 06/14/22 Sold $1,655,000 +0.3% $968 / Sq Ft
05/26/2022 05/26/22 For Sale $1,650,000 -- $965 / 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 $28,799 $1,311,200 -- --
2023 $24,761 $1,192,000 $0 $1,192,000
2022 $8,991 $459,326 $0 $0
2021 $8,978 $445,948 $0 $0
2020 $8,934 $439,791 $0 $0
2019 $8,802 $429,903 $0 $0
2018 $8,359 $421,887 $0 $0
2017 $8,264 $413,210 $0 $0
2016 $8,253 $404,711 $0 $0
2015 $8,420 $401,898 $0 $0
2014 $8,429 $398,708 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Conrad Clevlen

    BHHS EWM Realty

    (512) 636-2861

    4 in this area

    5 Total Sales

    Conrad Clevlen
    Section Image
  • DAVID BRAHMSTEADT

    Buyer's Agent in 2024

    DAVID BRAHMSTEADT

    Logan Realty Inc

    (561) 707-7709

    3 in this area

    14 Total Sales

    DAVID BRAHMSTEADT
    Section Image
  • Alyse Keller

    Seller's Agent in 2022

    Alyse Keller

    Compass Florida LLC (PB)

    (561) 998-0100

    36 in this area

    74 Total Sales

    Alyse Keller
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Justin Keller

    Compass Florida LLC (PB)

    (561) 296-5326

    34 in this area

    72 Total Sales

    Justin Keller
    Section Image
See All Agents

About City Place South Tower

Map

Source: BeachesMLS

MLS Number: R10931807

BeachesMLS

APN: 74-43-43-28-34-000-2001

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

550 Okeechobee Blvd Unit MPH01, West Palm Beach, FL

This home is located at 550 Okeechobee Blvd Unit MPH01, West Palm Beach, FL 33401 since 30 October 2023 and is currently estimated at $1,694,861, approximately $1,055 per square foot. This property was built in 2008. 550 Okeechobee Blvd Unit MPH01 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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