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4001 S Ocean Boulevard #218, South Palm Beach, FL, 33480

1beds
1baths
584sqft
$157,000
$269price/sqft
$1,187/moest. monthly cost
$47,480/yrincome needed

About This Home

Maximization of space is a defining characteristic of this thoughtfully designed waterfront 1/1 at Tropicana Gardens. The bright kitchen offers double or triple the counterspace of comparable units. The countertops are white quartz, with matching stone in the workspace setup. The backsplash is fresh & creates a harmonious contrast with the original wood cabinets from 1958, restored & beautifully maintained. The desk area is great for someone working from home or just using the computer. For someone valuing additional kitchen space, it could be used in that capacity as well. Enjoy an Intracoastal view from the balcony. There is impact glass throughout; wood flooring in the living area & bedroom; tile in the kitchen. Great natural light is complemented by recessed lighting, track lighting & the ceiling fan lights. An updated bathroom features an LED-framed mirror & modern vanity. The bedroom features a neat vanity with chair. All units come with a large, separate storage locker & 1 assigned parking spot. Tropicana Gardens is a well-maintained 55+ community with a heated pool on the Intracoastal. The building is past Milestone Inspections & fully reserved. It's a quiet community but also offers social events. There is an elevator, common laundry & bike storage. The location is a major part of the allure. There is ocean access across the street at Lantana Beach. Also, great proximity to: The Eau Resort; Dune Deck Café; Plaza del Mar Shopping Center with Publix & restaurants Thaikyo & Art Basil; Lantana Nature Preserve. The sidewalks are bustling with walkers, joggers, bikers & shoppers. This is island living!

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

Type & Style

  • Home type: Cooperative
  • Property subType: Stock Cooperative

Interior

Appliances

  • Appliances included: Electric Range,Electric Water Heater,Freezer,Ice Maker,Microwave,Oven,Range,Refrigerator,Water Heater
  • Laundry features: Common Area

Bedrooms & Bathrooms

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

Features

  • Built-in Features,Bedroom on Main Level
  • Window features: Blinds,Drapes
  • Flooring: Ceramic Tile,Tile,Wood

Heating & Cooling

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

Interior Area

  • Total structure area: 644
  • Total interior livable area: 584 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 62434435300002180
  • Zoning: R-2 (city)
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: Association,Heated
  • Patio & porch: Open,Balcony
  • Exterior features: Balcony,Outdoor Living Area,Storage
  • Has view: Yes
  • View description: Intercoastal,Water
  • Has water view: Yes
  • Water view: Intercoastal,Water
  • On waterfront: Yes
  • Waterfront features: Intracoastal Access,None

Parking

  • Total spaces: 1
  • Parking features: Assigned,Asphalt,Open
  • Has uncovered spaces: Yes
  • Uncovered 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
  • 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 $793$9,516
Home Insurance *$46$552
Property Taxes $151$1,812
Electricity $197$2,366
Total$1,187$14,244
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$40,697/yr
40% on housing$35,610/yr
45% on housing$31,653/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

$269This 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)

Price History

DateEventPrice
2026-06-08Price change$157,000
2026-02-21Price change$159,990
2026-02-12Price change$163,000
2025-11-22Listed for sale$176,000
2025-10-10Listing removed$173,000
2025-06-07Price change$173,000
2025-05-18Price change$175,000
2025-04-12Listed for sale$180,000
2001-07-20Sold$35,000

For Sale by Agent

AgentSean Murphy
BrokerageIllustrated Properties LLC

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