5050 N Ocean Drive, #703, Singer Island, FL, 33404 | $2,149,000

Experience unrivaled coastal luxury in this exquisite 3-bedroom, 3. 5-bath residence at the prestigious Ocean's Edge on Singer Island. Offering captivating views of both the Atlantic Ocean and Intracoastal Waterway from every room, this boutique enclave of only 40 private residences embodies the perfect balance of oceanfront tranquility and resort-style sophistication. Step directly from your private elevator into an elegant foyer, where a grand entryway opens to an expansive great room bathed in natural light. Floor-to-ceiling windows frame breathtaking water views in every direction, creating a serene and inviting atmosphere. Throughout the home, high-end fixtures and finishes, custom blinds, built-in entertainment centers, a whole-home water filtration system, and porcelain tile flooring elevate the space beyond the ordinary. The gourmet chef's kitchen is designed for both beauty and performance, featuring Miele double ovens and warming drawer, Miele espresso maker, Sub-Zero refrigerator and wine cooler, Wolf gas stove with pot filler, and sleek quartz countertops with a custom backsplash. The open-concept layout allows for uninterrupted water and skyline views, creating a seamless flow between the kitchen, great room, dining area, and the spacious outdoor balcony, the perfect setting to take in sweeping Intracoastal vistas and Florida's renowned sunsets. The primary suite offers ocean and southeast exposures with a wraparound balcony, ideal for enjoying sunrise-to-sunset views and the twinkling evening skyline of West Palm Beach. It includes his-and-her walk-in closets with custom built-ins and a spa-inspired bathroom featuring dual vanities, a spacious walk-in shower, a jacuzzi tub with sunset views, and a private water closet with a Toto washlet. A thoughtfully designed split floor plan ensures privacy, with the second en-suite bedroom offering serene water views and private balcony access. A third bonus room, ideal as an office or den also provides balcony access, a full closet, and a full bathroom. Nestled along Singer Island's exclusive residential corridor, Ocean's Edge delivers a true five-star lifestyle. Amenities include 24-hour manned security, elite concierge services, a state-of-the-art fitness center, an oceanfront club room with catering kitchen, a media room with theater screen, and a heated beachside pool and spa. Enjoy direct access to Florida's most pristine beaches, state parks, water sports, and world-class dining, shopping, and golf. Conveniently located near Downtown West Palm Beach, Jupiter Inlet, Juno Beach, Palm Beach Island, PGA Boulevard, and PBI Airport this residence defines luxury coastal living at its finest. Public Remarks: Ocean's Edge is not subject to building inspections, as they apply only to structures that are 25 years or older. Their 2-year concrete restoration was project was finished in October 2024. Last year, they completed their structural integrity reserve study and updated their standard reserve study, both of which are available on their owners' website. All assessments have been paid.

Features

  • Parking: Assigned, Guest, Under Building, Garage
  • Heating: Central
  • Cooling: Central Air
  • Levels: 16
  • Amenities: Beach Access, Cabana, Elevator(s), Fitness Center, Game Room, Management, Picnic Area, Pool, Sauna, Spa/Hot Tub, Storage, Manager On Site, Business Center, Community Room
  • Rooms: 10
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Laundry Closet, Inside, Washer Hookup
  • Complex: OCEANS EDGE AT SINGER ISLAND CONDO
  • Development: Ocean's Edge
  • Year Built: 2008
  • Common Charge: $3,882 Monthly
  • Approx Sq. Feet: 2,818
  • Est. Taxes: $30,772
  • Lot Desc: Sidewalks
  • View: Intracoastal, Ocean
  • Water Front: Yes
  • Elem. School: Lincoln
  • Middle School: John F. Kennedy (Palm Beach)
  • High School: William T. Dwyer
  • Pet Policy: Yes, Breed Restrictions, Number Limit, Size Limit
  • Appliances: Water Purifier Owned, Dryer, Disposal, Free-Standing Freezer, Gas Range, Ice Maker, Microwave, Refrigerator, Water Purifier, Washer
  • MLS#: R11136099
  • Website: https://www.raveis.com
    /prop/R11136099/5050noceandrive_singerisland_fl?source=qrflyer
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239.331.1911

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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5050 N Ocean Drive, #703, Singer Island, FL, 33404

$2,149,000

Kevin L. Fuller

Luxury Properties Specialist

William Raveis Real Estate

Phone: 239.331.1911

Kevin.Fuller@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,719,200 $1,719,200 $1,719,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.312% 6.235% 6.183%
Monthly Tax Payment $2,564 $2,564 $2,564
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,170 $10,446 $14,508
Total Monthly Payment $12,859 $13,135 $17,197

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.