$249,995 - 5000 N Ocean Dr # 401, Singer Island

2
Bedrooms
3
Baths
1,805
SQ. Feet
4
Stories

LOVELY NE CORNER CONDOMINIUM WITH INCREDIBLE DIRECT OCEAN VIEW. 2 BALCONIES & 2 MSTR SUITES. POSSIBLE FUTURE PROFIT FROM LAND SALE. This building is in poor condition and this would be an investment if a buyer were to purchase this unit. This condominium is one of 36 units that sit on a 4.75 acre site that has 385 feet of direct ocean frontage. The Condominium Associaition Board at this property have listed the whole property for sale and have invested a significant amount to get it rezoned to a 57 unit complex and they are at an advanced stage in this process. 75% of the association voting interest would have to agree to any sale of the whole property. Hence purchasing unit #401 represents an opportunity to take part in the upside if this whole property were to sell and be converted into a luxury ocenfront condominium development. A recent appraisal valued this property at $18 Million. #401 owns 5.5% of the overall property, Hence this unit's list price of $249,995 reflects a total property value of less than $8 Million. If the complete property sold for the appraised value the owner of #401 would receive far in excess of $249,995.

Next Steps: Inquire Request Showing Share Print Back to Results

Essential Information

  • MLS® #:
    R3209290
  • Price (US):
    $249,995
  • CAD Dollar:
    $256,295
  • UK Pound:
    £159,172
  • Euro:
    €198,421
  • Bedrooms:
    2
  • Bathrooms:
    3.00
  • Full Baths:
    2
  • Half Baths:
    1
  • Square Footage:
    1,805
  • Year Built:
    1964
  • Type:
    Residential
  • Sub-Type:
    Condo or Coop
  • Status:
    Active

Community Information

  • Address:
    5000 N Ocean Dr # 401
  • Area:
    5240
  • Subdivision:
    Harbour Point Apts Condo
  • City:
    Singer Island
  • County:
    Palm Beach
  • State:
    FL
  • Zip Code:
    33404

Amenities

  • Amenities:
    Elevator, Lobby, Ext Storage, Comm Laundry, Game Room, Picnic Area
  • Utilities:
    Elec Avail, Public Water, Public Sewer, Cable
  • View:
    Ocean, Intracoastal
  • Is Waterfront:
    Yes
  • Waterfront:
    Ocean Front
  • Has Pool:

Interior

  • Interior Features:
    Split Bedrms, Wlk In Clos, Blt In Shel, Closet Cab
  • Appliances:
    Refrigerator, Range, Dishwasher, Elec Wtr Htr
  • Heating:
    Central
  • Cooling:
    Central
  • Fireplace:
  • # of Stories:
    4

HOA Information

  • HOA Fees:
    $750
  • HOA Fees Frequency:
    Month

Additional Information

  • Date Listed:
    July 6th, 2011
  • Days on Market:
    323
  • Zoning:
    RES
  • Pets Allowed:
    No
  • Foreclosure:
  • Short Sale:
  • RE / Bank Owned:

5000 N Ocean Dr # 401 on Waterfront-Properties.com

Offered at the current list price of $249,995, this home for sale at 5000 N Ocean Dr # 401 features 2 bedrooms and 3 bathrooms. This real estate listing is located in Harbour Point Apts Condo of Singer Island, FL 33404 and is approximately 1,805 square feet. 5000 N Ocean Dr # 401 is listed under the MLS ID of R3209290 and has been on the Singer Island real estate market for 323 days.

Facts About Singer Island, FL

Singer Island got its name for the American sewing machine manufacturer Singing Sewing Machine

Singer Island's Municipal Beach is a great place to visit with family and friends.  Enjoy the vast white sanded Florida beaches.

Singer Island is directly in the heart of Palm Beach County.  It lies between Palm Beach and Jupiter Island.

Listing Office: Islands Realty
All listings featuring the RMLS logo are provided by the Regional MLS of Florida. Copyright 2012 Regional MLS of Florida.
This information is not verified for authenticity or accuracy and is not guaranteed. © 1998 - 2012 Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on May 24th, 2012 at 10:00am.