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$4,650,000

Beds
4
Baths
5.0
sq ft
3,907

5000 N Ocean Dr Unit 201, Riviera Beach, FL 33404

5000 N Ocean Dr Unit 201

Riviera Beach, FL 33404

  • 41 days on market
Have you ever dreamed of having an oceanfront home without the maintenance and upkeep? This residence offers just that:Providing the expansive feel of a single-family home with the ease and convenience of luxury condo living, this is the ultimate luxury beach house without the hassle! Enjoy idyllic Florida beachside living in this first-floor walk-out residence, nestled directly on the dunes at Singer Island's premier address, 5000 North Ocean.This one-of-a-kind Sandcastle residence has grandeur of a single-family home, boasting 12-foot ceilings, floor-to-ceiling windows and expansive living spaces.

Details

Property type

Condominium

Est. home value

$5,815,732

Lot size

3.85 acres

Price per sq ft

$1,191

Year built

2020

Annual property taxes

$80,400

Monthly HOA fee

$3,828

Price History

09/25/2024
Beaches

Beaches #R11024818

Listed
$4,650,000
+25.68%
03/26/2020
Beaches

Beaches #R10545007

Sold
$3,700,000

Schools & Community

Neighborhood: 

Singer Island

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Street Lights, Sidewalks

Number of units in community: 

48

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

$1,597,580
Asking price
$4,650,000
Closing costs (~8% of asking)
-$372,000
Est. remaining loan balance
-$2,680,420
Cash to seller
$1,597,580

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

March 2020

Original loan amount

$2,960,000

Est. remaining balance

$2,680,420

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Shane M Mcguiness

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 2:45 PM

Listing updated: 10/13/2024 at 11:16 AM

Listed by: Ann P Cusa, Douglas Elliman (Jupiter) Phone #: (561) 653-6100

MLS: Beaches #R11024818

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