2773 S Ocean Boulevard, #5140, Palm Beach, FL, 33480 | $1,200,000

Palm Beach waterfront at a price point the island rarely offers. Residence 514 at The Carlyle House delivers direct Intracoastal views, sunset exposure, and deeded beach access from the 5th floor of a building that has been comprehensively transformed. New infinity-edge pool and spa suspended over the Intracoastal. New 24-hour doorman lobby. New fitness center with his and hers saunas. Renovated unit: quartz countertops, custom closet cabinetry, impact windows and sliders, in-unit washer/dryer. All SIRS and Milestone reports complete. All assessments paid in full by seller. Directly across from the Four Seasons Resort. Minutes to Worth Avenue. Zero financial exposure for the buyer. $1, 200, 000. THE OPPORTUNITY At $823 per square foot with direct Intracoastal views, deeded beach access, a fully transformed building, and seller-paid assessments, Residence 514 at The Carlyle House represents one of the most straightforward entries into the Palm Beach waterfront market available today. The building work is finished. The financial picture is clear. The location is unmatched. THE RESIDENCE Unit 514 sits on the 5th floor of The Carlyle House with direct Intracoastal views and south-facing sunset exposure. The unit has been updated throughout — renovated kitchen with quartz countertops and kitchen island, custom closet cabinetry in the primary suite, split bedroom layout for maximum privacy, impact windows and sliders throughout, tile flooring, covered and open balcony, in-unit washer/dryer, and pantry storage. The primary suite measures 20 x 13 with a walk-in closet. The second bedroom at 15 x 12 functions equally well as a guest room, home office, or den. THE BUILDING The Carlyle House has undergone a complete transformation that repositions it among the strongest amenity offerings in Palm Beach waterfront condos at this price point. New amenities completed and operational: Infinity-edge pool and spa suspended directly over the Intracoastal Waterway Redesigned lobby with full-time 24-hour doorman and concierge Social room with billiards, theatre area, and full-service kitchen State-of-the-art fitness center with newly designed locker rooms His and hers saunas Built-in BBQ station with beverage fridge Elegant landscape lighting throughout the grounds EV charging stations Full-time on-site property manager Deeded Atlantic beach access All SIRS and Milestone structural inspections are complete. All assessments are paid in full by the seller at closing. Buyers assume zero open financial exposure. Documentation available upon request. HOA is $2, 247. 99 per month and covers cable TV, water, sewer, building insurance, security, pest control, elevator maintenance, recreation facilities, common areas, and trash. No separate utility bills for water, sewer, or cable. THE LOCATION 2773 S Ocean Boulevard sits directly across from the Four Seasons Resort Palm Beach — one of the most recognized luxury hospitality addresses in the world. The oceanfront Par 3 Golf Course is steps away. Worth Avenue — Palm Beach's iconic luxury retail and dining corridor — is minutes south. Eau Palm Beach and Lake Worth Beach are within easy reach. The property sits on A1A on the Intracoastal side of the barrier island, offering water views without the direct ocean exposure that drives insurance costs higher in comparable oceanfront buildings. For buyers evaluating Palm Beach against other coastal Florida markets: the combination of location, building transformation, financial clarity, and price per square foot at this address is difficult to replicate at this price point on the island today. THE TERMS Offered at $1, 200, 000. Cash or conventional financing. 1031 exchange considered. Buyer approval required — application fee $150. 24-hour notice required for showings. Listing agent to accompany. Vacant — easy to show. Submit all offers on FAR/BAR AS IS contract with proof of funds or pre-approval.

Features

  • Parking: Assigned, Guest
  • Heating: Electric, Central Individual
  • Cooling: Electric, Central Individual
  • Levels: 6
  • Amenities: Beach Access, Elevator(s), Fitness Center, Management, Pool, Sauna, Spa/Hot Tub, Manager On Site, Trash Chute, Bike Storage, Business Center, Community Room, Lobby
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Closet, Inside
  • Complex: CARLYLE HOUSE CONDO
  • Development: Carlyle House
  • Year Built: 1973
  • Common Charge: $2,248 Monthly
  • Approx Sq. Feet: 1,457
  • Est. Taxes: $7,991
  • View: Water, Intracoastal
  • Water Front: Yes
  • Elem. School: Palm Beach Public
  • Middle School: Lake Worth
  • High School: Forest Hill
  • Pet Policy: No
  • Appliances: Electric Water Heater, Dryer, Disposal, Dishwasher, Electric Range, Free-Standing Freezer, Ice Maker, Refrigerator, Water Heater, Washer
  • MLS#: B26021002
  • Website: https://www.raveis.com
    /prop/B26021002/2773soceanboulevard_palmbeach_fl?source=qrflyer
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Listing courtesy of EXP REALTY LLC

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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2773 S Ocean Boulevard, #5140, Palm Beach, FL, 33480

$1,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@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 $960,000 $960,000 $960,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.275% 6.157% 6.203%
Monthly Tax Payment $666 $666 $666
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,602 $5,756 $8,101
Total Monthly Payment $6,393 $6,547 $8,892

* 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.