Bought with Hampton Real Estate Group
$500,000
$568,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
5500 Old Ocean BLVD 202 Ocean Ridge, FL 33435
2 Beds
2 Baths
1,062 SqFt
Key Details
Sold Price $500,000
Property Type Condo
Sub Type Condo/Coop
Listing Status Sold
Purchase Type For Sale
Square Footage 1,062 sqft
Price per Sqft $470
Subdivision Ocean Manor Condo
MLS Listing ID RX-10568801
Style < 4 Floors
Bedrooms 2
Full Baths 2
HOA Fees $495/mo
Min Days of Lease 2
Year Built 1973
Annual Tax Amount $4,433
Tax Year 2016
Property Description
Amazing opportunity to own a 2nd floor unit located steps from the private beach with ocean views. This 2 bed/2 bath beautifully renovated condo must be seen! The unit boasts marble flooring throughout, granite counter tops throughout, open concept kitchen, impact glass, washer/dryer in unit, central vacuum, storage space, lots of parking, and privacy. Ocean Manor, an intimate boutique community, is beautifully landscaped and includes deeded beach access with private sundeck. Old Ocean Boulevard is one of the most special streets in Florida. A true gem! Great investment property with leasing allowed right away at 60 day minimum term, and you are able to rent 2 times per year. Unit was leased annually in 2018 for $5,000/month ($60k in Gross Income annually) and $7,000 during season.
Location
State FL
County Palm Beach
Community 5500 Old Ocean - Ocean Manor
Area 4120
Zoning RMM(ci
Rooms
Other Rooms Laundry-Inside, Laundry-Util/Closet, Storage
Interior
Heating Central
Cooling Ceiling Fan, Central
Flooring Marble
Exterior
Exterior Feature Open Balcony
Garage 2+ Spaces, Guest, Open
Community Features Foreign Seller
Utilities Available Cable, Electric
Amenities Available Bike Storage, Common Laundry, Extra Storage, Picnic Area, Pool, Sidewalks
Waterfront Yes
Waterfront Description Ocean Access
View Garden, Ocean
Exposure South
Building
Story 2.00
Foundation CBS
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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