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$4,795,000

Beds
3
Baths
3.5
sq ft
2,982

3550 S Ocean Blvd Unit 6B, Palm Beach, FL 33480

3550 S Ocean Blvd Unit 6B

South Palm Beach, FL 33480

  • 277 days on market
    • Price drop $355,000↓
Indulge in the epitome of coastal living with this breathtaking three-bedroom, 3 1/2 bath oceanfront condo directly on the Atlantic. Immerse yourself in the allure of the sea through expansive windows showcasing panoramic ocean views. The interior, adorned with gorgeous decor and top-of-the-line finishes, exemplifies coastal elegance.Nestled within a small boutique building, this residence offers an exclusive and intimate atmosphere. Enjoy the convenience of a private gym and then unwind in the pool area, where every moment is accompanied by the rhythmic sound of ocean waves. Whether indoors or out, this luxurious condo invites you to savor a lifestyle where sophistication meets the serenity of the sea.

Details

Property type

Condominium

Est. home value

$4,753,324

Lot size

Unknown

Price per sq ft

$1,608

Year built

2019

Annual property taxes

$64,416

Monthly HOA fee

$3,336

Price History

03/11/2024
Beaches

Beaches #R10956321

Price change
$4,795,000
-6.89%
02/02/2024
Beaches

Beaches #R10956321

Listed
$5,150,000
+3.1%
12/21/2023
Beaches

Beaches #R10890963

Removed
$4,995,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Street Lights

Number of units in community: 

30

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

$2,003,433
Asking price
$4,795,000
Closing costs (~8% of asking)
-$383,600
Est. remaining loan balance
-$2,407,967
Cash to seller
$2,003,433

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

Seller’s Loan History

Lender

Morgan Stanley Private Bank Na

Loan start date

June 2021

Original loan amount

$2,596,000

Est. remaining balance

$2,407,967

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Michael Apa and Lisa Apa

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: 11/05/2024 at 6:35 AM

Listing updated: 09/30/2024 at 5:03 PM

Listed by: Jared Ringel, One Sotheby's International Realty Phone #: (561) 997-7227

MLS: Beaches #R10956321

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