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2860 S Ocean Boulevard #601, Palm Beach, FL, 33480

3beds
2baths
1,578sqft
$924,900
$586price/sqft
$6,305/moest. monthly cost
$252,200/yrincome needed

About This Home

Discover this stunning 3-bedroom, 2-bathroom waterfront condominium located in the prestigious La Palma Condo community in Palm Beach, Florida. Spanning 1,578 square feet of finished living space, this residence offers comfortable, well-appointed accommodations across six stories of the building. The waterfront location provides the coveted benefit of direct water access, enhancing both the property's appeal and lifestyle opportunities. This thoughtfully designed condominium presents an exceptional opportunity for those seeking a waterfront residence in one of Florida's most sought-after coastal communities.

Getting Around

39
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

8/10
Palm Beach Public SchoolGrades PK-56.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1971

Materials

  • Roof: Flat
  • Construction materials: Block,Other

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Disposal,Microwave,Refrigerator
  • Laundry features: Laundry Room,Washer Dryer Install Allowed

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Features

  • Bedroom on Main Level,Eat-in Kitchen,Living/Dining Room,Split Bedrooms,Separate Shower
  • Flooring: Marble,Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 156,917
  • Total interior livable area: 1,578 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 50434423030006010
  • Zoning: R-D2
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: Association
  • Patio & porch: Open,Balcony
  • Exterior features: Balcony,Outdoor Living Area
  • Has view: Yes
  • View description: Intercoastal
  • Has water view: Yes
  • Water view: Intercoastal
  • On waterfront: Yes
  • Waterfront features: Beach Access,Deeded Access,Intracoastal Access

Parking

  • Total spaces: 2
  • Parking features: Assigned,Covered,Carport,Detached Carport
  • Covered spaces: 2
  • Carport: Yes
  • Carport spaces: 2

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 $4,676$56,112
Home Insurance *$273$3,276
Property Taxes $1,159$13,908
Electricity $197$2,366
Total$6,305$75,660
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$216,171/yr
40% on housing$189,150/yr
45% on housing$168,133/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

$586This listing

vs Other Active Listings

Avg $/sqft

ZIP 33480$2,010
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)

No zestimate history available

Price History

DateEventPrice
2026-07-22Price change$924,900
2026-06-03Price change$944,900
2026-03-06Price change$949,999
2025-12-07Listed for sale$985,000
2002-07-10Sold$220,000
2000-10-04Sold$180,000

For Sale by Agent

AgentCheryl L Spearling
BrokerageHome & Business Partners, LLC

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