Ocean Ridge, FL 33435,5500 Old Ocean BLVD 202
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Ocean Ridge, FL 33435,5500 Old Ocean BLVD 202
Ocean Ridge, FL 33435,5500 Old Ocean BLVD 202
Ocean Ridge, FL 33435,5500 Old Ocean BLVD 202
Ocean Ridge, FL 33435,5500 Old Ocean BLVD 202
Listed by Coldwell Banker Realty /Delray Beach
Bought with Hampton Real Estate Group

$500,000

Est. payment /mo

$568,000

12.0%
Est.Price: ?

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5500 Old Ocean BLVD 202 Ocean Ridge, FL 33435

2 Beds

2 Baths

1,062 SqFt

SOLD DATE : 12/31/2019

Key Details

Sold Price $500,000

Property Type Condo

Sub Type Condo/Coop

Listing Status Sold

Purchase Type For Sale

Square Footage 1,062 sqft

Price per Sqft $470

Subdivision Ocean Manor Condo

MLS Listing ID RX-10568801

Sold Date 12/31/19

Style < 4 Floors

Bedrooms 2

Full Baths 2

Construction Status Resale

HOA Fees $495/mo

HOA Y/N Yes

Abv Grd Liv Area 11

Min Days of Lease 2

Year Built 1973

Annual Tax Amount $4,433

Tax Year 2016

Property Description

Amazing opportunity to own a 2nd floor unit located steps from the private beach with ocean views. This 2 bed/2 bath beautifully renovated condo must be seen! The unit boasts marble flooring throughout, granite counter tops throughout, open concept kitchen, impact glass, washer/dryer in unit, central vacuum, storage space, lots of parking, and privacy. Ocean Manor, an intimate boutique community, is beautifully landscaped and includes deeded beach access with private sundeck. Old Ocean Boulevard is one of the most special streets in Florida. A true gem! Great investment property with leasing allowed right away at 60 day minimum term, and you are able to rent 2 times per year. Unit was leased annually in 2018 for $5,000/month ($60k in Gross Income annually) and $7,000 during season.

Location

State FL

County Palm Beach

Community 5500 Old Ocean - Ocean Manor

Area 4120

Zoning RMM(ci

Rooms

Other Rooms Laundry-Inside, Laundry-Util/Closet, Storage

Master Bath Separate Shower

Interior

Interior Features Built-in Shelves, Closet Cabinets, Pantry, Walk-in Closet

Heating Central

Cooling Ceiling Fan, Central

Flooring Marble

Furnishings Furniture Negotiable

Exterior

Exterior Feature Open Balcony

Garage 2+ Spaces, Guest, Open

Community Features Foreign Seller

Utilities Available Cable, Electric

Amenities Available Bike Storage, Common Laundry, Extra Storage, Picnic Area, Pool, Sidewalks

Waterfront Yes

Waterfront Description Ocean Access

View Garden, Ocean

Present Use Foreign Seller

Parking Type 2+ Spaces, Guest, Open

Exposure South

Private Pool No

Building

Story 2.00

Foundation CBS

Unit Floor 2

Construction Status Resale

Others

Pets Allowed No

HOA Fee Include 495.00

Senior Community No Hopa

Restrictions Buyer Approval,Commercial Vehicles Prohibited,Lease OK w/Restrict,No Truck/RV

Security Features Gate - Unmanned

Acceptable Financing Cash, Conventional

Membership Fee Required No

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Melissa Carbonell

Broker Associate | License ID: BK3269988

+1(954) 817-2604

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