Renovated Oceanfront Seasonal
3546 S Ocean Boulevard 418 South Palm Beach, FL 33480
3546 S Ocean Boulevard 418, South Palm Beach, FL, 33480
$750,000
For Sale
$750,000
Luxurious oceanfront living with top-tier amenities.
Property Size1,402 SF
Price / SF$534.95
Days on Market592
Property Features for 3546 S Ocean Boulevard 418
General Information
- Standard status
- Active
- Size
- 1,402 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1974
Listing Agency
Florida Premier Realty of the Palm Beaches LLC
(561) 436-9732
Listed by
Michael LaRocca · License #3067778
(561) 436-9732
Source
Exitrealty
Added: Dec 2, 2024 Checked: Jul 17 at 3:42 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Florida Premier Realty of the Palm Beaches LLC
Investment Insights
Based on property information with market context.
This beautifully renovated seasonal unit offers oceanfront living. Residents can enjoy access to amenities such as a state-of-the-art gym, a serene pool area, and a well-maintained tennis court. The property is suitable for those looking to unwind or stay active. The property size is 1402 square feet.
Key Highlights
- Oceanfront location with breathtaking views
- Renovated unit
- Access to a state‑of‑the‑art gym
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.1k | $29.28 |
| − Vacancy | −$1.8k | −$1.32 |
| EGI | $39.2k | $27.96 |
| − OpEx | −$17.6k | −$12.58 |
| NOI | $21.6k | $15.38 |
1,402 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$308.0K
$269.5K – $359.4K
NOI $21,562 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$987.4K
$864.0K – $1.15M
NOI $69,116 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Luxurious oceanfront living with top-tier amenities.
Where is this residential income property located?
The property is located at 3546 S Ocean Boulevard 418 South Palm Beach, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Oceanfront location with breathtaking views; Renovated unit; Access to a state‑of‑the‑art gym
