5500 Old Ocean Boulevard, 202, Ocean Ridge, FL 33435 (MLS# RX-10568801)


$568,000
5500 Old Ocean Boulevard, 202
Ocean Ridge, FL 33435
MLS# RX-10568801
Status: Closed
2 beds  |  2 baths  |  1062 sqft


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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.

Details
Maps
Contract Information
Listing Date: 2019-10-11
Status: Closed
Original List Price: 568000
Auction: No
List Price: 568000
Current Price: 500000
List Price/SqFt: 534.83
Comm/Non-Rep: 0%
Comm/Buyer Agent: 3%
Comm/Trans Brk: 3%
General Property Description
Type: Condo/Coop
Governing Bodies: Condo
Total Bedrooms: 2
Baths - Full: 2
Baths - Total: 2
Property Condition: Resale
Year Built: 1973
SqFt - Total: 1246
SqFt - Living: 1062
SqFt Source: Tax Rolls
Homeowners Assoc: Mandatory
HOA/POA/COA (Monthly): 495
Application Fee: 100
Membership Fee Required: No
Directions: A1A to Tropic Blvd, head east to Old Ocean, make left and head north to 5500.
Subdivision: OCEAN MANOR CONDO
Development Name: 5500 OLD OCEAN - OCEAN MANOR
Legal Desc: OCEAN MANOR COND UNIT 202
Waterfront: Yes
Front Exp: South
Private Pool: No
Unit Floor #: 2
Pets Allowed: No
Total Floors/Stories: 2
Total Units in Bldg: 8
Ttl Units in Complex: 20
Location, Tax & Legal
Area: 4120
Geo Area: PB11
County: Palm Beach
Parcel ID: 46434534240002020
Street #: 5500
Street Name: Old Ocean
Street Suffix: Boulevard
Unit #: 202
State/Province: FL
Zip Code: 33435
Zoning: RMM(ci
Tax Year: 2016
Taxes: 4433.94
Special Assessment: No
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
REO: No
HOPA: No Hopa
Geo Lat: 26.512406
Geo Lon: -80.050552
Office/Member Info
DXORIGMLNO: RX-10568801
DXORIGMLSID: RML
Status Change Info
Under Contract Date: 2019-12-10
Sold Date: 2019-12-31
Sold Price: 500000
Terms of Sale: Cash
Sold Price/SqFt: 470.8
Lease Info
Min Days to Lease: 2 months
Lease Times p/Year: 2X/YR
Storm Protection
Accordion Shutters: Complete
Impact Glass: Complete
Property Features
Design: < 4 Floors
Construction: CBS
View: Garden; Ocean
Waterfront Details: Ocean Access
Exterior Features: Open Balcony
Interior Features: Built-in Shelves; Closet Cabinets; Pantry; Walk-in Closet
Master Bedroom/Bath: Separate Shower
Furnished: Furniture Negotiable
Rooms: Laundry-Inside; Laundry-Util/Closet; Storage
Parking: 2+ Spaces; Guest; Open
Subdiv. Amenities: Bike Storage; Common Laundry; Extra Storage; Picnic Area; Pool; Sidewalks
Maintenance Fee Incl: Insurance-Bldg; Laundry Facilities; Lawn Care; Pool Service; Reserve Funds; Sewer; Trash Removal; Water
Restrict: Buyer Approval; Commercial Vehicles Prohibited; Lease OK w/Restrict; No Truck/RV
Security: Gate - Unmanned
Flooring: Marble
Heating: Central
Cooling: Ceiling Fan; Central
Equip/Appl Included: Central Vacuum; Dishwasher; Disposal; Dryer; Microwave; Range - Electric; Refrigerator; Washer
Laundry Appliances Included: Washer / Dryer Hookup
Dining Area: Dining-Living; Snack Bar
Terms Considered: Cash; Conventional
Utilities: Cable; Electric
Window Treatments: Impact Glass; Plantation Shutters
Special Info: Foreign Seller
Taxes: City/County
Possession: Funding
Contingencies: Inspection
Room Information
Room Name Length Width Length Level Width
Living Room17.0015.5017.00First15.50
Dining Room11.0012.0011.00First12.00
Kitchen12.008.0012.00First8.00
Master Bedroom15.0012.0015.00First12.00
Bedroom 212.0012.0012.00First12.00

Listing Office: Coldwell Banker Realty /Delray Beach

Last Updated: March - 07 - 2022

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Thursday 28th of March 2024 12:08 PM