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$4,126,500

Beds
3
Baths
3.5
sq ft
3,295

155S Ocean Ave Unit 502, Palm Beach Shores, FL 33404

155S Ocean Ave Unit 502

Palm Beach Shores, FL 33404

  • 453 days on market
    • Price drop $8,500↓
Motivated Sellers! The finest oceanfront condominium in Palm Beach Shores' premier building, is now Singer Island's best luxury buy! Stunning boutique building with only 34 residences! Rarely available 3/3.5 SE corner w/3,295 a/c sf and 771 sf of covered balconies. Breathtaking ocean views! 502 has been the recipient of recent high-end renovations, including: Kitchen remodel w/Sub-Zero, Wolf & Cove appliances, primary suite/bathroom remodel, custom living & dining room built-ins, large format porcelain floors, powder rm & secondary baths upgrades. A/C units (2019). Resort-style amenities, 2 garage spaces. Reserve Study & 2025 Budget Completed! No Assessments! Only 7 mi to Palm Beach, 13 mi to PBIA & 7 mi to Gardens Mall. See Supplement (more) for additional information

Details

Property type

Condominium

Est. home value

$3,048,162

Lot size

2.71 acres

Price per sq ft

$1,253

Year built

2009

Annual property taxes

$23,871

Monthly HOA fee

$4,384

Price History

03/07/2025
Beaches

Beaches #R10947433

Price change
$4,126,500
-0.21%
02/12/2025
Beaches

Beaches #R10947433

Price change
$4,135,000
-0.6%
01/09/2025
Beaches

Beaches #R10947433

Price change
$4,160,000
-2.32%

Schools & Community

Elementary school: 

Lincoln

Middle school: 

John F. Kennedy (Palm Beach)

High school: 

William T. Dwyer

Community features: 

Pool, Gated, Street Lights, Sidewalks

Number of units in community: 

34

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$3,629,303
Asking price
$4,126,500
Closing costs (~8% of asking)
-$330,120
Est. remaining loan balance
-$167,077
Cash to seller
$3,629,303

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mb Financial Bank Na

Loan start date

June 2015

Original loan amount

$417,000

Est. remaining balance

$167,077

Interest rate

2.92%

Loan type

New Conventional, 15 year

Seller

Mitchell L Marks and Carolyn A Houss

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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2700 N Ocean Dr Unit 1803A, Riviera Beach, FL 33404

Status: Active

Tomo last checked: 03/31/2025 at 7:35 PM

Listing updated: 03/22/2025 at 1:35 PM

Listed by: Jeff Cohen, The Keyes Company Phone #: (561) 750-1000

MLS: Beaches #R10947433

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