NOT LISTED FOR SALE

City Place South Tower 550 Okeechobee Blvd Unit 1602 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood

Estimated Value: $1,266,000 - $1,431,000

3 Beds
2 Baths
1,709 Sq Ft
$1,696/mo HOA Fee

Last Sold September 23, 2024

Last sale price $1,360,000 $796 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $10,546/month

42 Days on Market

Highlights

  • Doorman
  • Ocean View
  • Clubhouse
  • Palm Beach Public School Rated A-
  • Fitness Center
  • Marble Flooring

About This Home

As of September 2024

Cityplace South Tower is a luxury building located in the heart of downtown West Palm Beach. The Square, Clematis Street's nightlife and restaurants, The Kravis Center and The Brightline are all within walking distance making this a stellar location. Palm Beach's Worth Avenue and the beach are a short ride away. This 16th floor 3 bedroom unit boasts 402 sq. feet of wrap around patio offering sweeping views of the city and the water! The unit has floor to ceiling impact windows and doors and motorized window treatments. Amenities include 24/7 concierge, state of the art fitness center, resort style pool and spa area and designer club room. 1602 has 2 parking spaces. Valet parking for residents and guests.

Last Listed By

Jean Cassett

RE/MAX Select Group License #562584 Listed on: 07/29/2024

RE/MAX Select Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,802

Year Built

  • Built in 2008

Lot Details

  • 1

HOA Fees

  • $1,696 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Deeded Parking
  • Assigned Parking

Property Views

Interior Spaces

  • 1,709 Sq Ft Home
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Sliding Windows
  • Entrance Foyer
  • Great Room
  • Combination Dining and Living Room
  • Marble Flooring
  • Closed Circuit Camera

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Wrap Around Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74434328340001602

Community Details

Overview

  • Association fees include management, common areas, cable TV, hot water, insurance, maintenance structure, parking, pool(s), recreation facilities, reserve fund, roof, sewer, security, trash, water
  • 422 Units
  • High-Rise Condominium
  • Cityplace South Tower Con Subdivision
  • 20-Story Property

Amenities

  • Doorman
  • Billiard Room
  • Business Center
  • Community Library
  • Elevator
  • Community Storage Space

Recreation

  • Community Spa

Security

  • Resident Manager or Management On Site
  • Impact Glass
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,802

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,696 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Exit I-95 to Okeechobee Blvd, head East. Located on the south side of Okeechobee between S Rosemary Ave. and Alabama Ave. Valet parking.
  • Year Built: 2008
  • Architectural Style: High Rise
  • Entry Level: 16
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Dual Sinks, Entrance Foyer, High Ceilings, Jetted Tub, Living/Dining Room, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Marble
  • Living Area: 1709.0
  • Dining Room Type: Great Room, Laundry
  • Stories: 20
  • Window Features: Impact Glass, Sliding

Exterior Features

  • Exterior Features: Balcony
  • View: Intercoastal, Ocean, Water
  • Pool Features: None, Association, Community
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Wrap Around
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Deeded, Garage

Utilities

  • Security: Closed Circuit Camera(s), Door Man, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1696.0
  • Community Features: Clubhouse, Non-Gated, Property Manager On-Site, Pool, Sauna, Sidewalks
  • Senior Community: No
  • Amenities: Billiard Room, Bike Storage, Business Center, Clubhouse, Fitness Center, Library, Management, Pool, Sauna, Spa/Hot Tub, Storage, Trash, Elevator(s)
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Hot Water, Insurance, Maintenance Structure, Parking, Pool(s), Recreation Facilities, Reserve Fund, Roof, Sewer, Security, Trash, Water

Lot Info

  • Parcel #: 74434328340001602
  • Lot Size: West of US-1
  • Zoning Description: CPD(ci

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 15802.0

Multi Family

  • Number Of Units In Community: 422

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2024
Closed on
Sep 23, 2024
Sold by
Nicholson Lara Kristeen and Walter Wulfing Smith Revocable Living Tr
Bought by
Berman Beth and Berman Kenneth
Seller's Agent
Jean Cassett
RE/MAX Select Group
Buyer's Agent
Jill Merrell
The Corcoran Group
List Price
$1,445,000
Sold Price
$1,360,000
Premium/Discount to List
-$85,000
-5.88%
Total Days on Market
42
Views
3
Current Estimated Value
$1,332,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,075
Avg. Annual Appreciation
-3.42%

Purchase Details

Closed on
Sep 5, 2013
Sold by
Gb West Palm 1 Llc
Bought by
Smith Walter W and Walter Wulfing Smith Revocable Living Tr

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Berman Beth $1,360,000 Independence Title
Smith Walter W $570,000 Title Matters Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2024 09/23/24 Sold $1,360,000 -5.9% $796 / Sq Ft
09/09/2024 09/09/24 Pending -- -- --
07/29/2024 07/29/24 For Sale $1,445,000 -- $846 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $17,087 $756,637 -- --
2023 $15,802 $687,852 $0 $0
2022 $13,382 $625,320 $0 $0
2021 $13,896 $630,000 $0 $630,000
2020 $13,926 $625,000 $0 $625,000
2019 $14,091 $640,000 $0 $640,000
2018 $12,780 $630,000 $0 $630,000
2017 $11,963 $600,000 $0 $0
2016 $10,704 $465,850 $0 $0
2015 $10,119 $423,500 $0 $0
2014 $9,084 $385,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jean Cassett

    RE/MAX

    (561) 212-7279

    1 in this area

    9 Total Sales

    Jean Cassett
    Section Image

  • J

    Buyer's Agent in 2024

    Jill Merrell

    The Corcoran Group

    (561) 346-5529

    3 in this area

    8 Total Sales

    Jill Merrell
    Section Image
See All Agents

About City Place South Tower

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Source: BeachesMLS

MLS Number: R11008446

BeachesMLS

APN: 74-43-43-28-34-000-1602

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

550 Okeechobee Blvd Unit 1602, West Palm Beach, FL

Homes for Sale in West Palm Beach, FL

This home is located at 550 Okeechobee Blvd Unit 1602, West Palm Beach, FL 33401 since 29 July 2024 and is currently estimated at $1,332,925, approximately $779 per square foot. This property was built in 2008. 550 Okeechobee Blvd Unit 1602 is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

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