5550 N Ocean DR #22b Singer Island, FL 33404
2 Beds
2 Baths
1,435 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,435 sqft
Subdivision Water Glades Condo
MLS Listing ID R11115281
Bedrooms 2
Full Baths 2
Construction Status Resale
HOA Fees $1,695/mo
HOA Y/N Yes
Year Built 1975
Annual Tax Amount $10,044
Tax Year 2025
Property Sub-Type Condominium
Property Description
Corner unit ''Privacy'', (4) per floor,1435 sq ft under air+270 sq ft-60 ft long wrap around terrace=1705 total sq ft.
2021 New Hurricane Impact Doors&Windows. (2) "Covered" Parking, floors 2-14 (1) "Uncovered" Parking. Rare In-Condo Washer-Dryer. Exclusive WOW underlighted Island Kitchen Counter. Exclusive Custom In-Condo Storage Closet, "B" model exclusive extra hall-entrance closet space. Exclusive Ensuite 2nd Bathroom/Bedroom. New Buildings' Water Pipes inside condo. Water Filter System, New-All Electric and Plumbing,
New Appliances, New AC+Water Heater, Custom Master bedroom closets, Frosted Glass Pocket Doors, New Entrance Doors+Digital Lock.
New Furniture. Monthly HOA Maintenance $1695, not increasing, includes Comcast Cable + Internet, water, trash, sewer, bldg. insurance,
property staff, fitness center, bike and beach gear storage cage.
Singer Island ALL NEW: 2014 Streets, Drainage, Vintage Lights, Power poles-Power lines, End-end bike-walk path, 2014 New Natural Gas Power Plant on Port of Palm Beach (resident peace-of-mind when storms), 2027-complete Fire Station-Water Tower Substation, New Water Plant 2029.
NO BUILDING COSTS ALL-NEW UPGRADES 2025-2015
WATER GLADES DETAILS-HOME OWNERS ASSOCIATION/MANAGEMENT:
-Very stable financially and managed community.
-(11) acres, (3) buildings, 1,200 feet Private Beach.
-Exclusive wide-bay of Lake Worth Lagoon on Port of Palm Beach/Inlet to Ocean.
-Exceptionally Managed: President Water Glade Owner's Association is Singer Island on City Council, former Town Manager Long Beach, NY, PHD Engineer. And other owners with significant property, financial, and legal expertise.
On property Management Office/Staff, Maintenance Staff. 24/7 manned guard gate, on-property security.
Florida Condo Structure Integrity Milestone Certificate. Home Owner's Association Reserve Funds Fully Funded.
Roof Chiller/Boiler/Controller(6/2025),Roofs (3/2024), Exterior Concrete routine replacement/patching and painted (2023), New Elevators (5/2023), Hallways Remodel (2022), New Fire System (7/2021), New Sea Wall (2019), New Cable/Internet (2018), Lobby Remodel (2018), New $3M Ocean Club House (2015).
PROPERTY TAX REDUCTIONS + NEW TAX BENEFITS+NEW FLORIDA MORTGAGE DOWNPAYMENT% REDUCED:
1. Nov 3 2026 Voters APPROVED FLA Property Tax Reduction, Will reduce this condo Property Tax from 2026 appx by $1,500 in 2027, from appx $17,750 to $16, 250, from 2026 by $3,000 in 2028, and more 2029. As primary residence-homestead, As second home from appx $19,000 to $17,3000 per year; capped 5% increase from 10%. Residents who establish primary Florida residency on or before Dec. 31, 2026, would be eligible for the expanded exemption when it takes effect. However, those who move to the state after that deadline would have to wait four years before qualifying for the full $250,000 exemption. On Jan. 1, 2027, the homestead exemption would increase from the existing $50,000 to $150,000. One year later, in 2028, the homestead exemption would rise to $250,000, progressing to $500,000.
2. Federal Income Tax, July 1 2025 Big Beautiful Bill, State And Local Tax Deduction increased to $40,000 from $10,000. This property, Property Tax as HomeStead Primary Residence is est. $17,750, As Second Home $18,750.
3. Nov 5 2024, Amendment 5: Annual inflation adjustment to the additional Homestead Exemption (the second $25,000 exemption that applies to assessed values between $50,000 and $75,000) The adjustment is tied to the Consumer Price Index (CPI) and will increase when the CPI increases.
4. JANUARY 2026 FLORIDA CONDO BUYERS LOAN 25% MINIMUM DOWN PAYMENT ELIMINATED.
Location
State FL
County Palm Beach
Community Gated, Property Manager On-Site
Area 5240
Direction I-95 to PGA Blvd east 3 miles to Singer Island, south 1.5 miles on left
Rooms
Main Level Bedrooms 2
Interior
Interior Features Breakfast Bar, Breakfast Area, Closet Cabinetry, Entrance Foyer, Eat-in Kitchen, Elevator, Family/Dining Room, Kitchen Island, Multiple Primary Suites, Multiple En Suite Bathrooms, Pantry, Split Bedrooms, Walk-In Closet(s)
Heating Central
Cooling Central Air, Electric
Flooring Marble
Furnishings Furnished
Fireplace No
Window Features Storm Window(s)
Appliance Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer
Laundry Washer Hookup, Inside, Laundry Closet
Exterior
Exterior Feature Balcony, Outdoor Living Area, Tennis Court(s)
Parking Features Covered, Garage
Garage Spaces 2.0
Pool Association
Community Features Gated, Property Manager On-Site
Utilities Available Cable Available, Sewer Available, Underground Utilities, Water Available
Amenities Available Clubhouse, Fitness Center, Management, Pool, Parking, Spa/Hot Tub, Tennis Court(s), Elevator(s)
Waterfront Description Intracoastal Access,Ocean Access,Ocean Front,Shoreline - Sand,Seawall
View Y/N Yes
Water Access Desc Public
View Intercoastal, Ocean, Pool, Tennis Court
Porch Covered, Wrap Around, Balcony
Garage Yes
Private Pool No
Building
Dwelling Type Multi Family
Faces South
Story 23
Sewer Public Sewer
Water Public
Level or Stories One
Unit Floor 22
New Construction No
Construction Status Resale
Schools
Elementary Schools Lincoln
Middle Schools John F. Kennedy (Palm Beach)
High Schools William T. Dwyer
Others
Pets Allowed Yes
HOA Fee Include Common Areas,Cable TV,Insurance,Maintenance Grounds,Pest Control,Sewer,Security,Trash,Water
Senior Community No
Restrictions No Restrictions
Tax ID 56434215072000222
Security Features Fire Alarm,Fire Sprinkler System,Gated with Guard,Gated Community,Smoke Detector(s),Security Lights
Acceptable Financing Cash, Conventional
Membership Fee Required false
Listing Terms Cash, Conventional
Pets Allowed Breed Restrictions, Cats OK, Dogs OK, Size Limit, Yes
Virtual Tour https://www.propertypanorama.com/5550-N-Ocean-Drive-22B-Singer-Island-FL-33404/unbranded
