NOT LISTED FOR SALE

Water Glades 5550 N Ocean Dr Unit 8B Riviera Beach, FL 33404

Estimated Value: $746,000 - $838,000

2 Beds
2 Baths
1,779 Sq Ft
517,493 Sq Ft Lot

Last Sold July 02, 2021

Last sale price $575,000 $323 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,937/month

1 Day on Market

Highlights

  • Property has ocean access
  • Property fronts an intracoastal waterway
  • Gated with Attendant
  • William T. Dwyer High School Rated A-
  • Fitness Center
  • 11.88 Acre Lot

About This Home

As of July 2021

BEST OF BOTH WORLDS - SUNRISE & SUNSET!! This 2BD/2BA fully furnished/turnkey condo is tastefully decorated and very well maintained. Tenant occupied till 6/31/2021 paying $3K per month. Keep tenant or there is a 60 day kickout clause in place. Total area is 1,779 SF with 1,558 SF under air. The open great room area includes floor to ceiling high-impact windows and patio doors,, 30x6 foot wrap around balcony. Unit can also be used as a seasonal rental commanding high rents upward of $5K per month. Water Glades is comprised of three separate complexes which received an AIA Award for their unique architecture. This tower has 23 levels with four corner units to a floor. NEW SEAWALL COMPLETED -No assessment. Property highlights This is a 8th floor corner unit with southwest exposure, enabling you to take in the beauty of both sunrise & sunsets and to then enjoy the evening skyline views and neighboring lights.
Great Room/Living area is 26x15 with 11x9 dining area
Plenty of cabinets, closet space and storage
Master suite with spacious closets, water view and adjoining master bath with large walk in shower Guest room doubles as an office area and also comes with water views
Guest bath includes tub and large granite top vanity Separate nearby laundry room Numerous resort style amenities Eleven acres of gorgeous tropical landscaping and 1,025 feet of private beach frontage
Private and secure direct beach access Pet friendly (the only one of the three towers that is, dog or cat, but with restrictions.) Large and well equipped recreation deck, modern clubhouse and roof top tennis courts, all with clear water views 2 heated swimming pools, both renovated in 2013
Recreation deck with putting green and shuffleboard.
Beautiful, modern and recently renovated clubhouse with direct ocean view, bar area, catering kitchen, TV, BBQ grills, bathrooms and sauna
3 lighted tennis courts on top of the covered parking structures Exercise room, conference room, storage lockers and bicycle racks
Spacious entry lobby with all new flooring, wall covering and furniture
24-hour manned guard gate and night time security guard
Under roof parking and plenty of guest parking HOA fees include: Maintenance including: Water, sewer, basic cable, landscaping, pest control, security, trash removal and some types of insurance (always review related details.)
Management of the complex
24 hour gated guardhouse and evening security guard
Exterior common areas including landscaping and grounds

Last Agent to Sell the Property

Jaimee Peirce

Illustrated Properties LLC (Co Brokerage Email: jpeirce3@mac.com License #3122087 Listed on: 04/06/2021

Illustrated Properties LLC (Co

Co-Listed By

Marilyn D

Illustrated Properties LLC (Co Brokerage Email: jpeirce3@mac.com License #3027059

Last Buyer's Agent

Jaimee Peirce

Illustrated Properties LLC (Co Brokerage Email: jpeirce3@mac.com License #3122087 Listed on: 04/06/2021

Illustrated Properties LLC (Co

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,643

Year Built

  • Built in 1975

Lot Details

  • Southwest Facing Home

Interior Spaces

  • 1,779 Sq Ft Home
  • Furnished
  • Entrance Foyer
  • Ceramic Tile Flooring
  • Home Security System

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Parking

  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Property has ocean access
  • Balcony
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 56434215072000082

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common areas, cable TV, insurance, pest control, sewer, security, trash, water
  • 256 Units
  • Water Glades Condo Subdivision
  • 21-Story Property

Amenities

  • Business Center
  • Elevator
  • Bike Room
  • Community Storage Space

Recreation

  • Putting Green

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Resident Manager or Management On Site
  • Phone Entry
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,643

Year Built

Built in 1975

Lot Details

11.88 Acres

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Singer Island. Water Glades is the farthest Northern condo's before McArthur State Park.
  • MaximumNumberOfPets: 1
  • Year Built: 1975
  • New Construction: No
  • Pets No Pets Comments: Total Weight Limit Of Pets:10
  • MaximumPetWeight: 10
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Bathtub, Entrance Foyer, Split Bedrooms, Soaking Tub, Separate Shower
  • Main Level Bedrooms: 2
  • Furnished: Furnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Free-Standing Freezer, Disposal, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1779.0
  • Stories: 21
  • Window Features: Storm Window(s)

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • View: City
  • Pool Features: Association
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Access, Ocean Access
  • Waterfront: Yes
  • Construction Type: Concrete
  • Direction Faces: Southwest
  • Patio And Porch Features: Covered, Patio, Balcony
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Guest

Utilities

  • Laundry Features: None
  • Security: Security System, Gated with Guard, Gated Community, Phone Entry, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association Fee: 1059.0
  • Pets Allowed: Yes
  • Community Features: Gated, Property Manager On-Site
  • Senior Community: No
  • Amenities: Bike Storage, Business Center, Clubhouse, Elevator(s), Fitness Center, Pool, Putting Green(s), Storage, Tennis Court(s), Trash
  • Association: Yes
  • Pets Allowed: Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Insurance, Pest Control, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 56434215072000082
  • Lot Size Acres: 11.88
  • Lot Size Sq Ft: 517492.8
  • Mobile Dim Units: Feet
  • Zoning: RM-20(

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9643.1

Multi Family

  • Number Of Units In Community: 256

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2021
Sold by
Barnes Judith M
Bought by
Judith Marie Barnes Revocable Trust
Current Estimated Value
$780,787

Purchase Details

Listed on
Apr 6, 2021
Closed on
Jul 2, 2021
Sold by
Profita Nancy S
Bought by
Barnes Judith M
Seller's Agent
Jaimee Peirce
Illustrated Properties LLC (Co
Buyer's Agent
Jaimee Peirce
Illustrated Properties LLC (Co
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.22%

Purchase Details

Closed on
Dec 15, 2005
Sold by
Mccabe Timothy and Samiljan Steven
Bought by
Profita Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 31, 2005
Sold by
Gettelfinger Marilyn
Bought by
Mccabe Timothy P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
4.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 1997
Sold by
Kathleen Phillip H and Kathleen Jacobi
Bought by
Gettelfinger Herbert B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Judith Marie Barnes Revocable Trust -- Moldovan Natalie
Judith Marie Barnes Revocable Trust -- Moldovan Natalie
Barnes Judith M $575,000 Trident Title
Profita Michael $630,000 None Available
Mccabe Timothy P $460,000 --
Gettelfinger Herbert B $192,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Profita Michael $504,000
Previous Owner Mccabe Timothy P $368,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2021 07/02/21 Sold $575,000 -4.0% $323 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $599,000 0.0% $337 / Sq Ft
07/15/2020 07/15/20 Rented $3,000 0.0% --
06/15/2020 06/15/20 Under Contract -- -- --
04/01/2020 04/01/20 For Rent $3,000 -2.4% --
09/01/2018 09/01/18 Rented $3,075 -44.1% --
08/02/2018 08/02/18 Under Contract -- -- --
05/30/2018 05/30/18 For Rent $5,500 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

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
2025 $10,494 $567,341 -- --
2024 $10,494 $551,352 -- --
2023 $10,231 $535,293 $0 $0
2022 $10,187 $519,702 $0 $0
2021 $9,571 $435,000 $0 $435,000
2020 $9,643 $435,000 $0 $435,000
2019 $9,738 $435,000 $0 $435,000
2018 $9,500 $435,000 $0 $435,000
2017 $9,086 $435,000 $0 $0
2016 $8,731 $363,000 $0 $0
2015 $7,721 $330,000 $0 $0
2014 $7,208 $300,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10705681

BeachesMLS (Greater Fort Lauderdale)

APN: 56-43-42-15-07-200-0082

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