550 Okeechobee Boulevard 1520, West Palm Beach, FL 33401

$392,500
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,136 Status: Closed
Current Price: $392,500 List Date: 12/17/2020 Last Modified: 7/03/2026

Overview

Description

INVESTOR OPPORTUNITY!! 4%+ cap rate on residential condo in top building downtown West Palm Beach!! Immediate revenue from annual tenant in gorgeous high-floor 2/2. 9' ceilings, beautiful floors, new dishwasher & microwave, DESIGNER FURNITURE makes it perfect and move-in ready for YOU and/or your TENANTS!! Impact glass protects your home. WALK to restaurants, shopping, theater, entertainment, Brightline trains. 5-minute drive to PBI. Enjoy fabulous sunset views, resort-style amenities at the pool, summer kitchen, hot tub, saunas, massage, fitness center, community room with billiards. Full-service building with 24 hour concierge & security. Valet car service included. Move fast on this one!!

Listing Details MLS# R10679080

General Property Information

Total Units In Building
421
Unit Floor #
15
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1136
Building Area Source
Public Records
Living Area Main
1136
Accessibility Features YN
Yes
Year Built
2008
Garage YN
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Gated Community YN
No
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
21
Direction Faces
West
Pool Private YN
No
Furnished
Furnished

Property Features

Accessibility Features: Accessible Full Bath Association Fee Includes: Cable TV; Common Areas; Common Real Estate Tax; Insurance; Maintenance Grounds; Recreation Facility; Security; Water Electric: Three Phase Exterior Features: Summer Kitchen Flooring: Other Parking Features: Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Free-Standing Freezer; Ice Maker; Microwave; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Architectural Style: Colonial Construction Materials: CBS Cooling: Central Air Association Type: Condominium Heating: Central; Electric Interior Features: Walk-In Closet(s) Laundry Features: Inside Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow; Subject To Tenant Rights Restrictions: Lease Restrictions Other Leasing Restrictions: Tenant Approval Security Features: Security Patrol; Security System Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available Water Access: None Water Source: Public Outdoor Living Spaces: Balcony Balcony Details: Balcony - Covered Contingencies: None Room Types: Great Room; Kitchen; Laundry; Living Room; Master Bedroom

Contract Information

Comp Sale YN
No
Original List Price
415000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
550
Street Name
Okeechobee
Street Suffix
Boulevard
Unit Number
1520
City Name
West Palm Beach
State Or Province
FL
Postal Code
33401
Postal Zip
33401
Subdivision Name
CITYPLACE SOUTH TOWER CONDO
Area
5420
Geographic Area
PB20
Special Assessment YN
No
Parcel Number
74434328340001520
Zoning
CPD(ci
Directions
I-95 to Okeechobee Blvd EAST building on right past Hilton

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
840.19
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Membership Fee Required YN
No
Tax Annual Amount
8653.56
Tax Year
2020
Tax Legal Description
CITYPLACE SOUTH TOWER CONDO UNIT 1520

Status Change Information

Major Change Timestamp
2021-03-17T22:02:54Z
Major Change Type
Status Change
Status Change Date
2021-03-17
Under Contract Date
2021-02-25
Close Date
2021-03-15
Close Price
392500
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Entry Information

Entry Location
Entry Level Living Area Y

Short Sale Details

Short Sale Addendum
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Pet Details

Other Pet Restrictions
2 pets total under 80lbs

Leasing Restrictions

Leasing - Minimum Number of Days
30

Storm Protection

Impact Glass
Complete

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Kitchen Level
First
Living Room Level
First
Master Bedroom Level
First

Price Calculations

Current Price To SqFt
345.51
Original List Price To Close Price
1.05

Originating Details

Originating System Key
20201217201740958232000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 13.00 21.00 First
Kitchen 6.00 10.00 First
Master Bedroom 12.00 15.00 First
Great Room
Laundry
IDX
Listing Office: Douglas Elliman
Source MLS Verified
Last Updated: July - 03 - 2026
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