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4001 S Ocean Boulevard #114, South Palm Beach, FL, 33480

0beds
1baths
375sqft
$99,000
$264price/sqft
$915/moest. monthly cost
$36,600/yrincome needed

About This Home

Under $100K on Palm Beach Island? There's already a significant running start to the renovation of this ground-floor studio at 55+ Tropicana Gardens. The bathroom is all new, the entire unit is freshly painted, there's a brand-new water heater & demolition is complete in the kitchen. Make this beach retreat your own. The assigned parking spot is convenient to the patio entrance, which features greenery & privacy. Tropicana Gardens is past Milestone Inspections & fully reserved. This is a tranquil co-op community with a heated pool on the Intracoastal; great proximity to Lantana Beach, The Eau Resort, Plaza del Mar & Lantana Nature Preserve; & across the street from the Ocean. Run, don't walk to this one!

Getting Around

43
WalkingCar-Dependent
0
TransitVery Limited Transit
58
BikeBikeable

Schools

4/10
Lantana Elementary SchoolGrades PK-51.2 mi
3/10
Lantana Middle SchoolGrades 6-81.5 mi
2/10
Lake Worth High SchoolGrades PK,9-122.6 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1958

Materials

  • Roof: Rolled/Hot Mop
  • Construction materials: Block,Stucco

Type & Style

  • Home type: Cooperative
  • Property subType: Stock Cooperative

Interior

Appliances

  • Appliances included: Gas Range,Range,Refrigerator
  • Laundry features: Common Area,Laundry Room

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Features

  • None,Tub Shower
  • Window features: Blinds
  • Flooring: Laminate,Vinyl

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: Ceiling Fan(s),Wall/Window Unit(s)

Interior Area

  • Total structure area: 380
  • Total interior livable area: 375 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 62434435300001140
  • Zoning: R-2 (city)
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Exterior Catwalk or Patio
  • Pool features: Association,Heated
  • Patio & porch: Patio
  • Exterior features: Outdoor Living Area
  • Waterfront features: None

Parking

  • Total spaces: 1
  • Parking features: Assigned,Asphalt,Open
  • Has uncovered spaces: Yes

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
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Heat Wave
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 $500$6,000
Home Insurance *$29$348
Property Taxes $189$2,268
Electricity $197$2,366
Total$915$10,980
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$31,371/yr
40% on housing$27,450/yr
45% on housing$24,400/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

$264This listing

vs Other Active Listings

Avg $/sqft

ZIP 33480$2,014
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
2026-05-11Listed for sale$99,000
2026-03-31Sold$60,000
2026-03-21Pending sale$64,999
2026-02-05Price change$64,999
2026-01-06Price change$69,900
2025-12-02Listed for sale$75,000

For Sale by Agent

AgentSean Murphy
BrokerageIllustrated Properties LLC

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