NOT LISTED FOR SALE

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

Estimated Value: $739,911 - $848,000

2 Beds
2 Baths
1,779 Sq Ft
$1,059/mo HOA Fee

Last Sold July 02, 2021

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

Est. 42% increase in value since last sale

Current estimated payment $6,340/month

56 Days on Market

Highlights

  • Ocean Front
  • Fitness Center
  • 517,647 Sq Ft lot
  • William T. Dwyer High School Rated A-
  • Gated with Attendant
  • Clubhouse

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.

Last Agent to Sell the Property

Jaimee Peirce

Illustrated Properties LLC (Co License #3122087 Listed on: 04/06/2021

Illustrated Properties LLC (Co

Co-Listed By

Marilyn D

Illustrated Properties LLC (Co License #3027059

Last Buyer's Agent

Jaimee Peirce

Illustrated Properties LLC (Co 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

HOA Fees

  • $1,059 Monthly HOA Fees

Property Views

Home Design

  • Entry on the 8th floor

Interior Spaces

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

Kitchen

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

Bedrooms and Bathrooms

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

Home Security

Parking

  • Guest Parking
  • Assigned Parking

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

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

Amenities

  • Business Center
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Putting Green

Pet Policy

  • Pets Allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,643

Year Built

Built in 1975

Lot Details

0

HOA Fees

$1,059 per month

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.
  • Year Built: 1975
  • Entry Level: 8
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Entrance Foyer, Split Bedrooms, Separate Shower
  • Furnished: Furnished
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1779.0
  • Stories: 21
  • Window Features: Impact Glass

Exterior Features

  • View: Intercoastal, Ocean, Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront Features: Intracoastal Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Security: Gated with Guard, 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
  • Community Features: Clubhouse, Gated, Property Manager On-Site, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Bike Storage, Business Center, Clubhouse, Fitness Center, Laundry, Management, Pool, Putting Green(s), Storage, Tennis Court(s), Trash
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

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

Lot Info

  • Parcel #: 56434215072000082
  • Lot Size Sq Ft: 517647.0
  • Zoning Description: RM-20(
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9643.0

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
$814,978

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
8.68%

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:

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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
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 $255,000
Previous Owner Profita Michael $275,000
Previous Owner Profita Michael $504,000
Previous Owner Mccabe Timothy P $368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

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 $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

  • Jaimee Peirce

    Seller's Agent in 2021

    Jaimee Peirce

    Illustrated Properties LLC (Co

    (561) 626-7000

    40 in this area

    45 Total Sales

    Jaimee Peirce
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Marilyn D

    Illustrated Properties LLC (Co

    (561) 309-3579

    49 in this area

    57 Total Sales

    Marilyn D
    Section Image
  • Michael Mather

    Buyer's Agent in 2020

    Michael Mather

    Platinum Properties/The Keyes

    (561) 203-6222

    21 Total Sales

    Michael Mather
    Section Image
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About Water Glades

Map

Source: BeachesMLS

MLS Number: R10705681

BeachesMLS

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

Florida Palm Beach County Riviera Beach 33404

5550 N Ocean Dr Unit 8B, Riviera Beach, FL

This home is located at 5550 N Ocean Dr Unit 8B, Riviera Beach, FL 33404 since 06 April 2021 and is currently estimated at $814,978, approximately $458 per square foot. This property was built in 1975. 5550 N Ocean Dr Unit 8B 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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