tomo logo

$17,490,000

Beds
6
Baths
6.5
sq ft
6,910

5 Beachway N, Ocean Ridge, FL 33435

5 Beachway N

Ocean Ridge, FL 33435

  • 170 days on market
    • Price drop $1,460,000↓
This fully renovated, oceanfront estate, is a rare turnkey opportunity. Nestled on a 3/4-acre lot with a stunning 100' private stretch of direct oceanfront just minutes from Palm Beach International Airport, the Island of Palm Beach, West Palm Beach and Delray Beach!This like-new, fully furnished property boasts over 10,000 square feet of luxurious living space. The estate features 6 bedrooms, 5.1 bathrooms, and breathtaking ocean views from nearly every room. Enjoy a private beach deck complete with a fire pit, outdoor kitchen, and heated pool.The home is designed with soaring high ceilings throughout, 2 main-floor suites, controlled wine storage, gas fireplaces, a safe room, and an in-law suite with a kitchenette. Additional amenities include an elevator, a 3-car garage,

Details

Property type

Single Family Residence

Est. home value

$8,200,218

Lot size

0.53 acres

Price per sq ft

$2,532

Year built

1996

Annual property taxes

$149,468

Price History

01/23/2025
Beaches

Beaches #R11016631

Price change
$17,490,000
-7.7%
08/27/2024
Beaches

Beaches #R11016631

Listed
$18,950,000
06/26/2024
Beaches

Beaches #R10972336

Removed
$18,950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

First Republic Bank

Loan start date

March 2023

Original loan amount

$1,500,000

Est. remaining balance

Not provided

Interest rate

6.15%

Loan type

Credit Line (Revolving), 25 year

Seller

5 Beachway Llc

Lender

First Republic Bank

Loan start date

July 2021

Original loan amount

$5,590,000

Est. remaining balance

Not provided

Interest rate

2.25%

Loan type

New Conventional, 30 year

Seller

5 Beachway Llc

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: 02/13/2025 at 6:25 AM

Listing updated: 02/09/2025 at 11:55 AM

Listed by: Liz DeWoody, Compass Florida LLC (PB) Phone #: (305) 851-2820

MLS: Beaches #R11016631

Beaches logo

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