5550 N Ocean Drive 22b, Singer Island, FL 33404For Sale
$1,170,000
2beds2.00baths1435sqft

5550 N Ocean Drive 22b, Singer Island, FL 33404

MLS#: R11115281
Condominium
Built in 1975
-- sqft lot
$815/sqft
227 days on market
$10,044/yr tax

What's special

RARE, BUILDING IS APPROVED FOR FHA LOANS!! 2024 GUTTED-CUSTOM REMODEL ''ALL'' NEW. NO BUILDING COSTS ALL-NEW UPGRADES 2025-2015. Yes Small Pets.''Sky Beach'' 22nd Fl of 23. Rare In-Condo Washer-Dryer. Furnished Move-In Ready. WOW Exclusive ''B'' line, panoramic 270 degree OCEANFRONT Sunrise+Sunset View 365 Days! Sound-of-Ocean! Corner units ''Privacy'', (4) per floor. 1435 sq ft under air+270 sq ft-60 ft long wrap around terrace=1705 total sq ft. Exclusive WOW underlighted Island Kitchen Counter. Exclusive Custom In-Condo Storage Closet, Exclusive Ensuite 2nd Bathroom/Bedroom. At WATER GLADES, ON SINGER ISLAND, ON-THE-SAND 1200 ft Beach! Steps to 1.6 mile pristine Mc Arthur Beach State Park. Monthly Home Owner Maintenance $1695, not increasing and includes Comcast Cable and Internet, And steps to Beach-Walking Heaven! Rare 12/24 Florida Condo Structure Integrity Milestone certificate. Florida Condo Buyers Loan 25% Minimum Downpayment Eliminated The financial landscape for Florida condominium buyers changed significantly this week as the Federal Housing Finance Agency (FHFA) officially eliminated the "Limited Review" process. Immediately removing the minimum 25% down payment rule. Led by Congressman Byron Donalds (R-FL) and Federal Housing Finance Agency (FHFA) Director Bill Pulte, effectively ends a 2008 policy that forced Floridians to pay a higher down payment than any other state. The lending process required Florida borrowers to provide a 25% down payment. This restriction was in stark contrast to the rest of the nation, where buyers could secure Conventional Financing with down payments of 3% to 5%. NEW TAX BENEFITS: 1) 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. 2) Palm Beach County Property Tax not increasing 2025. 3) Federal Income Tax, July 1 2025 Big Beautiful Bill, State And Local Tax Deduction increased to $40,000 from $10,000. This property, Pproperty Tax as HomeStead Primary Residence is est. $10,500, As Second Home $14,500. CONDO-2024 GUTTED-CUSTOM REMODEL -EXCLUSIVE ITEMS: -EVERYTHING IS NEW, see below and photos. -EXCLSIVE "B" line, Exclusive, panoramic 270 degree OCEANFRONT SUNRISE + SUNSETS 365 Days! "B" line, no strong ocean wind November-March. Dazzling City Lights at night. Full Moon rises off ocean 3 nights per month. Tower 200 "A" model does not get Sunset, "C" model does not get Sunrise or Sunset in shade 365 days, "D" does not get Sunrise. "A", "C", "D" line get strong ocean wind November-March. -(1) Covered Parking, extra parking available. -1435 sq ft under air+270 sq ft-60 ft long wrap around terrace=1705 total sq ft. -Condo in Tower 200, Smalls Pets are allowed.Tower 100 and 300 pets not permitted. -EXCLSIVE ON-THE-SAND, Surrounding towns have to walk across street/cars traffic to beach. -Privacy-Corner Condo. (4) condos per floor-all corner units. -SPACIOUS 33 x 55 porcelain tile. -EXCLUSIVE Custom Kitchen Island Counter, Rare UNDERLIGHTED "SeaFoam Light Green-White Onyx". -EXCLUSIVE RARE CUSTOM IN-CONDO WASHER/DRYER, Samsung (vented). Washer-Dryer also on-Floor laundry room. -Remodel includes 2023 ALL NEW BUILDING WATR PIPES, see photo. -New Hurricane Impact Windows-Sliding Doors 12/2021 -EXCLUSIVE CUSTOM IN-CONDO STORAGE ROOM + Extra Hall Closet only "B" and "A" model have.. -EXCLUSIVE CUSTOM 2 ENSUITE BATHROOMS-all others have 1. -City Permit Approved: New Electric Wires, Breaker Panel, Lights, Outlets. Bath and Kitchen plumbing.. New AC unit, New Water Heater. -New Samsung Kitchen Fridge/Freezer, Induction Cook top, Oven, Convection+Microwave, Dishwasher. -Kitchen faucet GE water purification system. -Custom Frosted glass Pocket Doors, space efficiency. -Custom Spacious Master Bedroom Closet Built-In Shelfs-Shoes-Clothes. -Double Vanity Marble/Coastal Master Bath. -New Entrance Doors with Digital-Touch Lock. -(1) King Bed, (2) Queen Beds; Serta Classic Elite Pillowtop Mattresses (2/2024). WATER GLADES NO COSTS-BUILDING "ALL" NEW UPGRADES 2025-2015: Very financially stable community. Monthly Home Owner Maintenance $1,650, not increasing. Has Florida Condo Structure Integrity Milestone Certification 12/2024. Home Owner's Association Reserve Funds are 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). WATER GLADES COMMUNITY DETAILS: -Exceptionally Managed. President Water Glade Owner's Association is Singer Island on City Council, former Town Manager Long Beach, NY, PHD Engineer. And other owner's with significant property, financial, and legal expertise. -On property Management Office/Staff, Maintenance Staff. -Located on Northern-most, Quiet, End of Singer Island. (5-10) minutes to SuperMarket, stores, restaurants, Gardens Mall. North County Government Center, Golfing. -(15) minutes to downtown West Palm Beach and Palm Beach Airport. -(3) Condo Towers on 11 Ocean Front acres, and Exclusive wide-bay of Lake Worth Lagoon on Port of Palm Beach/Inlet to Ocean. -Exclusively shares the south very little public used-property line with the 1.6 mile gold medal award-winning McArthur Beach State Park. Owners enjoy the extra Beach State Park Walking and Lounging Space. The park cannot be developed. -24 hour Guarded Gated, Security. -Secure access to buildings, beach, and amenities. -$2.5M 2015 Ocean-Front Beach Clubhouse. -(2) Pools -(6) grills -(4) Ocean Front Tennis/Pickel Ball Courts. -Shuffleboard. -Putting green. -Fitness center in each (3) Condo Buildings. -Drive-Thru Car Spray/Rinse. SINGER ISLAND DETAILS: -Singer Island is located in North Palm Beach County. On the Palm Beach Inlet/Port of Palm Beach. The next Island from Palm Beach Island. -2028 City New State of Art Water Plant/System. -New Singer Island Fire Station begins Fall 2025. -2022 All-New Concrete Power Poles and New Power Lines. -2019 New "Ocean Walk" Mall shops and restaurants. -SailFish Marina & Restaurant South end of Island. -2014 Singer Island Newest Upgraded Island Town in Florida. -Florida Power & Light 2014 New Natural Gas Power Plant 10 minutes Port of Palm Beach. -Florida Power & Light 2022 New State HQ 10 minutes.

227 days on Horizon Palm

Listing office: RE/MAX Ocean Properties · MLS#: R11115281


Map

5550 N Ocean Drive 22b, Singer Island, FL 33404


Facts & features

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2.00

Heating

Heating: Central

Cooling

Cooling: Central Air, Electric

Appliances

Appliances: Cooktop, Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer

Features

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 Closets
Flooring: Marble
Window features: Storm Windows
Laundry: Washer Hookup, Inside, Laundry Closet

Interior area

Total interior livable area: 1435 sqft

Room dimensions

Kitchen: 12 X 16 (Main)
Laundry
Living Room: 26 X 18 (Main)
Primary Bedroom: 14 X 12 (Main)

Parking

Garage spaces: 2.00
Parking features: Covered, Garage

Features

Stories: 23.00
View: Intercoastal, Ocean, Pool, Tennis Court
Exterior features: Balcony, Outdoor Living Area, Tennis Courts
Patio & porch: Covered, Wrap Around, Balcony
Pool features: Association
Waterfront: Yes
Waterfront features: Intracoastal Access, Ocean Access, Ocean Front, Shoreline Sand, Seawall
Storm protection: Impact Glass
Window features: Storm Windows

Details

Parcel number: 56434215072000222
Zoning: RM-20(

Type & style

Home type: Condominium

Materials

Construction materials: Concrete

Condition

Year built: 1975

Community

Subdivision: Water Glades Condo
Complex: WATER GLADES CONDO
Community features: Gated, Property Manager On Site
Association amenities: Clubhouse, Fitness Center, Management, Pool, Parking, Spa Hot Tub, Tennis Courts, Elevators
Restrictions: Rental Restriction

HOA

HOA: Yes
HOA fee: $1695.00 monthly
Fee includes: Common Areas, Cable Tv, Insurance, Maintenance Grounds, Pest Control, Sewer, Security, Trash, Water

Utilities

Utilities: Cable Available, Sewer Available, Underground Utilities, Water Available
Sewer: Public Sewer

Details

Price/sqft: $815
Annual taxes: $10, 044 (2025)
Date on market: 08/13/2025
Days on market: 227
Listing terms: Cash, Conventional
Listing agent: Robert A. Scarmazzo
Listing office: RE/MAX Ocean Properties
MLS ID: R11115281

Price history

Price Increased $1,055,500Originally $114,500
$

Originally Listed

First listed price

$114,500

$80/sqft

For Sale

2025-08-13T04:00:00.000Z · RE/MAX Ocean Properties

$1,170,000

$815/sqft$1,055,500

Payment calculator

$987/mo
Principal & interest
$0
Property taxes
$837
Home insurance
$150

This is an estimate based on a 30-year fixed-rate mortgage at 6.75% APR. Actual rates and payments may vary. Contact a lender for exact quotes.


Singer Island

Singer Island, FLPalm Beach County33404
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