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3475 S Ocean Blvd - La Bonne Vie 1,395 SF Flex Condo Unit Offered at $490,000 in Palm Beach, FL 33480
1 Unit Available
Unit 210
| Unit Size | 1,395 SF | Sale Type | Investment |
| Price | $490,000 | Cap Rate | 4.60% |
| Price Per SF | $351.25 | NOI | $22,540 |
| Condo Use | Flex | No. Parking Spaces | 2 |
| Unit Size | 1,395 SF |
| Price | $490,000 |
| Price Per SF | $351.25 |
| Condo Use | Flex |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| NOI | $22,540 |
| No. Parking Spaces | 2 |
Description
This home has a newly renovated kitchen, baths, lighting, flooring and windows, all in modern taste and convenience. This 2 BR, 2 Bath is 1,395 SF of large rooms with high (8'-10') ceilings - so hard to find at this price!! The master bedroom has a huge walk-in closet and dressing vanity. The view from the balcony is unhindered to ocean and intracoastal with NO views of any parking lot. A modern glass round pedestal dining table seating 6 easily (not shown in the photos) and chandelier is included in the sale.
La Bonne Vie is a well maintained Palm Beach classic property with a milestone inspection completed and approved, new roof, common area hurricane windows and doors, new lobby, ample parking and friendly residents. LBV offers a resort-like atmosphere with amenities such as large pool and terrace decks, fitness room, party room, gym, sauna and 24-hour doorman security.
Sale Notes
Affordable and priced to sell investment property with a long-time renter (4.6% cap rate) on the beach residence in Palm Beach. Reserves are paid for 2026, that is like another price reduction of $20,000! HOA is an affordable $ 1,309 per month. This is a fantastic opportunity to own an affordable investment property in Palm Beach.
The Property is being offered directly to investors, and the Owner does not intend to list the Property with, or sell the Property through, a real estate broker or intermediary. Any party choosing to engage a broker shall be solely responsible for any commission or fees owed to such broker.
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Property Facts
| Total Building Size | 216,418 SF | Floors | 9 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 24,046 SF |
| Property Subtype | Apartment | Year Built | 1967 |
| Building Class | B | Lot Size | 3.65 AC |
| Total Building Size | 216,418 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 9 |
| Typical Floor Size | 24,046 SF |
| Year Built | 1967 |
| Lot Size | 3.65 AC |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Pool
- Waterfront
- Doorman
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 112 | - | - |
Presented by
Curbo, LLC
3475 S Ocean Blvd - La Bonne Vie
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