2660 S Ocean Boulevard # 405s, Palm Beach FL 33480

Description

This property has been beautifully renovated with wood flooring, an open kitchen, guest powder room, a built-in banquet dining table, large laundry, impact glass and a 45' south facing balcony with ocean and Intracoastal views. Beach Point is situated on the largest oceanfront parcel with 10+ acres. It has 3 har-tru tennis courts, fitness room, 1 car garage parking and 24/7 Doormen. A vote has passed to renovate the common areas. Buyer will assume special assessments. The Town of Palm Beach has voted and passed a special assessment for burying the utility lines underground. The Seller will pay their prorated share of the special assessment up until the day of closing. The buyer will assume the special assessment as of the closing date. The current annual special assessment is $451.02 Beach Point voted and passed a Modernization Special Assessment for $3 million dollars. The special assessment for Unit 405-S is $24,226 due April 1, 2021. The quarterly payments are $980.00 which includes the principal and interest. The Seller will pay their prorated share of the special assessment up until the day of closing and the Buyer will assume all payments from the closing date forward.