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

$650,000

Virtual Tour

https://www.propertypanorama.com/3500-S-Ocean-Boulevard-500-South-Palm-Beach-FL-33480/unbranded

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 2,720 Status: Closed

Current Price: $650,000 List Date: 3/03/2026 Last Modified: 7/01/2026

Overview

Description

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.

Listing Details MLS# R11168221

General Property Information

Unit Floor #: 5
Property Sub Type: Condominium
Bedrooms Total: 2
Bathrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Building Area Main: 2720
Building Area Source: Public Records
Living Area Main: 2720
Year Built: 1962
Garage YN: Yes
Garage Spaces: 3
Covered Spaces: 3
Gated Community YN: No
Lot Size Area: 92727
Lot Size Acres: 2.13
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 5
Direction Faces: East
Pool Private YN: No
Spa YN: No
Furnished: Unfurnished

Property Features

Association Fee Includes: Common Areas; Elevator; Sewer; Trash; Water Dining Area: Formal Dining Electric: Three Phase Flooring: Wood Parking Features: Assigned; Deeded; Garage Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Free-Standing Freezer; Refrigerator; Washer Construction Materials: Concrete Cooling: Central Air Association Type: Co-Op Heating: Central Interior Features: Elevator; Walk-In Closet(s) Laundry Features: Inside Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Close Of Escrow Restrictions: Buyer Approval Required Tax Information: City/County Unit Description: Penthouse Utilities: Water Available Water View: Intracoastal; Ocean Waterfront Features: Ocean Front Showing Requirements: 24 Hour Notice; Appointment Only; Listing Agent Must Accompany; Occupied; Text Listing Agent Outdoor Living Spaces: Balcony; Patio Contingencies: None Room Types: Bedroom 2; Dining Room; Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: 2 To Less Than 3 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 750000
Negotiable Seller Concessions YN: No

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 3500
Street Direction Prefix: S
Street Name: Ocean
Street Suffix: Boulevard
Unit Number: 500
City Name: South Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: SOUTH PALM RESIDENCE INC
Area: 5004
Geographic Area: PB30
Elementary School: Lantana
Middle Or Junior School: Lantana Community
High School: Lake Worth
Special Assessment YN: Yes
Parcel Number: 62434435280005000
Zoning: R-2A(c
Directions: lake Ave East to South Ocean Blvd, go north to Building

Financial Information

Association YN: Yes
Association Deposit YN: No
Association Fee: 1874.73
Association Fee Frequency: Monthly
Association Membership: Mandatory
Application Required YN: Yes
Membership Fee Required YN: No
Tax Annual Amount: 4701.32
Tax Year: 2025
Tax Legal Description: SOUTH PALM RESIDENCE INC APT 500

Status Change Information

Major Change Timestamp: 2026-07-01T18:46:32Z
Major Change Type: Status Change
Price Change Timestamp: 2026-04-13T15:40:01Z
Status Change Date: 2026-07-01
Under Contract Date: 2026-05-13
Close Date: 2026-06-30
Close Price: 650000
Buyer Financing: Cash

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Short Sale Details

Short Sale Addendum: No

Main Level Rooms

Main Level Bathrooms: 3
Main Level Bedrooms: 2

Storm Protection

Accordian Shutters: Complete

Room Types

Bedroom 2 Level: Main
Dining Room Level: Main
Kitchen Level: Main
Living Room Level: Main
Master Bedroom Level: Main

Price Calculations

Current Price To SqFt: 275.73

Originating Details

Originating System Key: 20260303160846605104000000
Originating System ID: M00000170

Room Information

Room Name	Length	Width	Level
Living Room	54.00	18.00	Main
Kitchen	25.00	13.00	Main
Master Bedroom	25.00	19.00	Main
Bedroom 2	15.00	13.00	Main
Dining Room	16.00	13.00	Main
Laundry

Listing Office: Douglas Elliman

Last Updated: July - 01 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

3500 S Ocean Boulevard 500, South Palm Beach, FL 33480 (MLS# R11168221)