3500 S Ocean Boulevard # 500, South Palm Beach FL 33480

Condo/Co-op Active With Contract

$675,000

BTC: 10.73131955

ETH: 399.17208752

-$75K (2026/04/13)

72 days

Waterfront

Active With Contract

Condo/Co-op

2 bds •

2 ba •

2,720 sqft

Overview

Wake up to sweeping direct ocean views from this rarely available, entire top-floor penthouse offering 2,720 sqft of living space and a huge private terrace ideal for outdoor dining and entertaining, plus additional Intracoastal vistas from the kitchen, dining room and guest bedroom. This expansive 2BR/2.5BA features hardwood floors, walk-in closet, in-unit washer/dryer and abundant natural light throughout. The generous split-bedroom layout provides endless potential. Unit is in original condition and requires renovation, presenting an excellent value-add opportunity to customize and significantly enhance value. Boutique 67-unit building with deeded beach access, heated pool, grilling area, elevator, and 3 parking spots.Concrete restoration and major improvements completed.

Location

Florida • South Palm Beach • 33480 • Condo/Co-op • Active With Contract • Waterfront

Details

Type:

Residential

Parking:

2 Or More Spaces / Assigned / Deeded / Parking Garage

Year Built:

1962

Lot:

2.13 Acres

Heating:

Central

Price/sqft:

$248

Cooling:

Central Air

HOA:

$1,874

Type:

Residential

Parking:

2 Or More Spaces / Assigned / Deeded / Parking Garage

Year Built:

1962

Lot:

2.13 Acres

Heating:

Central

Price/sqft:

$248

Cooling:

Central Air

HOA:

$1,874

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Valuation

Our model vs. what's actually selling nearby.

Estimate

$6,697,000

$4.6M – $11.2M

Confidence Low

List vs. estimate

$6.0M below estimate

List $675,000 · -89.9%

Our model says this listing is priced below recent comparable activity. Expect competition.

Price per sq ft

$248

-31.5% vs. city median $362

Based on

6 MLS comparables

+ 30 public-records sales within 0.5 mi

Median actual sale: $400K

Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax

$4,701

2025

HOA

$1,874/mo

View

Intracoastal View, Ocean

Waterfront

Yes

Garage

3 car garage

Pets

Allowed

All facts and features

Flooring

• Wood

Heating

• Central

Cooling

• Central Air

Appliances

• Dishwasher

• Dryer

• Free-Standing Freezer

• Electric Range

• Refrigerator

• Washer

Other interior features

• Elevator

• Walk-In Closet(s)

• Utility Room/Laundry

Bedrooms and bathrooms

• Bedrooms: 2

• Bathrooms: 1

• Full bathrooms: 2
Parking

• 2 Or More Spaces

• Assigned

• Deeded

• Parking Garage

Lot

• Lot: 2.13 Acres

Other Property Information

• Parcel Number: 62434435280005000

• Zoning: R-2A(c
Type and style

• Property Type: Residential

• Property Sub Type: Condominium
Utility

• Water Connected

• Water Available
Other financial information

• HOA: $1,874

• HOA Frequency: Monthly

• Annual tax amount: $4,701
Source details

• MLS ID: R11168221

Other facts

• Construction Materials: Concrete Block Construction

• Laundry Features: Laundry Room / Utility Room/Laundry

• Lot Features: 2 To Less Than 3 Acre Lot

• Patio And Porch Features: Patio

• Window Features: Complete Accordian Shutters

• Direction Faces: East

• Other Structures: Livable

• Architectural Style: High Rise / Penthouse

• Waterfront: Yes

• Garage Spaces: 3

• Garage: Yes

• Living Area: 2720

• Subdivision Name: SOUTH PALM RESIDENCE INC

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Douglas Elliman

3500 S Ocean Boulevard # 500, South Palm Beach FL 33480

Overview

Location

Details

Valuation

Highlights

Interior details

Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

Other

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