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2275 S Ocean Blvd APT 207N, Palm Beach, FL, 33480

2beds
2baths
1,614sqft
$1,895,000
$1,174price/sqft
$11,634/moest. monthly cost
$465,360/yrincome needed

About This Home

Beautifully reimagined 2 bedroom, 2 bath residence in the highly sought after Reef, one of Palm Beach's most desirable oceanfront boutique buildings. This exceptional residence features a generous terrace with captivating Ocean views, ideal for relaxing or entertaining. The light filled interior offers an open, contemporary layout with clean lines, refined finishes, and expansive glass that brings the outdoors in. A sleek, modern kitchen is designed for both style and function, while the primary suite provides a peaceful retreat with ocean views, ample closet space, and a spa inspired bath. Residents enjoy exclusive amenities including private beach access, pool, fitness center, and club room, all within minutes of renowned dining, shopping, and cultural destinations. Very close to the Palm Beach Par 3 Golf Course & restaurant and the Palm Beach Tennis Center.

Getting Around

13
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

8/10
Palm Beach Public SchoolGrades PK-54.7 mi

Construction

Condition

  • Year built: 1974

Type & Style

  • Home type: Condo
  • Property subType: Condominium,Condo/Co-Op

Interior

Appliances

  • Appliances included: Refrigerator,Electric Range,Dishwasher,Microwave,Disposal,Washer,Dryer,Ice Maker,Wine Refrigerator,Double Oven
  • Laundry features: In Unit

Bedroom2

  • Level: Main
  • Area: 224
  • Dimensions: 16 x 14

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Sound System,Wet Bar,Ceiling Fan(s),Storage
  • Door features: Impact Doors
  • Window features: Window Treatments,Storm Shutters,Impact Windows
  • Flooring: Tile,Carpet

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,614
  • Total interior livable area: 1,614 sqft

Kitchen

  • Level: Main
  • Area: 120
  • Dimensions: 12 x 10

Living Room

  • Level: Main
  • Area: 368
  • Dimensions: 23 x 16

Master Bedroom

  • Level: Main
  • Area: 252
  • Dimensions: 18 x 14

Property

Details

  • Parcel number: 50434414010012070
  • Zoning: R-C - Medium Density Residential

Features

  • Private pool: Yes
  • Exterior features: Balcony
  • On waterfront: Yes

Parking

  • Total spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Heat Wave
Inland Flooding
Lightning
Tsunami

FEMA Declared Disasters in Palm Beach County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,582$114,984
Home Insurance *$561$6,732
Property Taxes $1,294$15,528
Electricity $197$2,366
Total$11,634$139,608
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$398,880/yr
40% on housing$349,020/yr
45% on housing$310,240/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.0%
4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,174This listing

vs Other Active Listings

Avg $/sqft

ZIP 33480$2,004
Palm Beach County$444

vs Homes Sold Last Month

Median $/sqft

ZIP 33480$3,044
Palm Beach County$365

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-01-30Listed for sale$1,895,000
2025-06-09Listing removed$1,850,000
2025-03-20Listed for sale$1,850,000
2025-03-17Listing removed$1,995,000
2025-01-16Price change$1,995,000
2024-10-04Listed for sale$2,250,000
2020-09-30Sold$850,000
2020-05-04Listed for sale$950,000
2012-08-07Sold$654,000

For Sale by Agent

AgentTHOR M BROWN
BrokerageCompass Florida, LLC

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