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$4,160,000

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

  • 386 days on market
    • Price drop $98,880↓
    • Open house Jan 30
The finest oceanfront condominium in Palm Beach Shores' premier building - Dolce Vita. Rarely available 3/3.5 SE corner w/3,295sf of living space and 771sf of covered balconies. Breathtaking ocean views. No detail has been overlooked. 502 has been the recipient of constant high-end renovations, including: Kitchen remodel in 2022 w/Sub-Zero, Wolf & Cove appliances, primary suite/bathroom remodel in 2021, custom living and dining room built-ins, large format porcelain floors, powder rm & secondary baths upgrades. A/C units replaced 2019, electronic shades, Control4, water filtration, fireplace, phantom shades & more. Resort-style amenities, 2 garage spaces. Reserve Study & 2025 Budget Complete! No Assessments! Only 7 mi to Palm Beach, 13 mi to PBIA & 7 mi to Gardens Mall. See Supplement

Details

Property type

Condominium

Est. home value

$3,048,162

Lot size

2.71 acres

Price per sq ft

$1,263

Year built

2009

Annual property taxes

$23,871

Monthly HOA fee

$4,384

Price History

01/09/2025
Beaches

Beaches #R10947433

Price change
$4,160,000
-2.32%
08/01/2024
Beaches

Beaches #R10947433

Price change
$4,258,880
+0.21%
07/12/2024
Beaches

Beaches #R10947433

Price change
$4,250,000
-0.21%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$3,655,226
Asking price
$4,160,000
Closing costs (~8% of asking)
-$332,800
Est. remaining loan balance
-$171,974
Cash to seller
$3,655,226

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

$171,974

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?

Status: Active

Tomo last checked: 01/23/2025 at 12:40 AM

Listing updated: 01/22/2025 at 12:15 PM

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

MLS: Beaches #R10947433

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