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$2,450,000

Beds
2
Baths
2.5
sq ft
2,050

2727 S Ocean Blvd Unit 505, Highland Beach, FL 33487

2727 S Ocean Blvd Unit 505

Highland Beach, FL 33487

  • 297 days on market
    • Price drop $49,000↓
Magnificent, Spectacular, and Elegant can be used to describe this modern 2 bedroom 2-1/2 bathroom 2,050 sqft waterfront condo perfectly designed for the most exclusive lifestyles. This unit offers incredible unobstructed views of the ocean and intracoastal waterway. Villa Magna is an exclusive oceanfront condominium offering luxurious amenities on S. Ocean Blvd, in sought-after Highland Beach, located in Palm Beach County, Florida. Villa Magna is rarely available and situated directly along one of Florida's pristine family-friendly beaches, minutes away from Downtown Delray's boutiques, art galleries, bars, vibrant nightlife, rich cultural heritage and eclectic restaurants that line Atlantic Ave. also just north of Boca Raton, Ft. Lauderdale & Miami.

Details

Property type

Condominium

Est. home value

$2,150,048

Lot size

Unknown

Price per sq ft

$1,196

Year built

1982

Annual property taxes

$27,489

Monthly HOA fee

$2,156

Price History

09/15/2024
Beaches

Beaches #R10942843

Price change
$2,450,000
-1.96%
03/04/2024
Beaches

Beaches #R10942843

Price change
$2,499,000
-3.85%
12/13/2023
Beaches

Beaches #R10942843

Listed
$2,599,000
+10.6%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

Number of units in community: 

92

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

$853,331
Asking price
$2,450,000
Closing costs (~8% of asking)
-$196,000
Est. remaining loan balance
-$1,400,669
Cash to seller
$853,331

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

July 2022

Original loan amount

$1,447,500

Est. remaining balance

$1,400,669

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Jose Gonzalez and Sandra Gonzalez

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: 10/05/2024 at 12:25 AM

Listing updated: 09/30/2024 at 4:32 PM

Listed by: Corey Fregoso, Lehmann Realty Inc. Phone #: (561) 463-5768

MLS: Beaches #R10942843

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