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3605 S Ocean Blvd #229
B Composite 73.75
Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +26.1/30.0
  • 1% rule +10.0/10.0
  • DSCR +8.8/10.0
  • Appreciation +7.6/10.0
  • ARV discount +7.5/15.0
  • Schools +4.3/10.0
  • Livability +3.6/5.0
  • Rent growth +3.5/5.0
  • Condition / age +2.5/5.0

$204,000

3605 S Ocean Blvd #229 · South Palm Beach, FL 33480
2 bd · 2.0 ba · 1,121 sqft · Condo public records · 4 Days on market
Built 1974 $1462/mo HOA · 33% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Location! Location! Meticulously maintained split 2 bedroom, each with an en-suite bath. Recent interior upgrades include: new A/C + condenser & Bosch washer/dryer. Other improvements: hurricane shutters, granite kitchen, updated baths, updated electric, fresh paint, under-cabinet lighting, kitchen water filter, and invisible screen front door. Relax or dine on screened porch overlooking a superbly groomed garden accented by fountains & flowing water with an outdoor pool on the Intercoastal. Southgate has private beach access. It is conveniently located on A1A for great walking/cycling and is one block from the 4-star Eau Resort & Spa and Plaza Del Mar, with restaurants, boutique shops and Publix grocery. On-site management, a daytime/evening doorperson and locked security at night. Assigned parking #99. Storage Locker on floor near elevators. Owner may lease 3+months, 1x a year - must own for one year. Master includes 6x10 dressing area. Bath bathrooms have new fans/motors. New ceiling in Master bath.

Key facts

  • En suite bathroom
  • Deeded beach access
  • Tile flooring

Tags

DEEDED BEACH ACCESSRESORT STYLE AMENITIESEN SUITE BATHROOMTILE FLOORINGGRANITE COUNTERTOPSUNDER CABINET LIGHTING

Property features AI

Finance

  • Financial info: Pets not allowed; Community contains 126 units
  • HOA & community: Association with monthly fee; Association amenities include beach access, elevator(s), jogging path, laundry, management, picnic area, parking, pool, sauna, storage, manager on site, trash chute, bike storage, internet included, street lights; Association fee includes cable TV, insurance, grounds maintenance, pest control, security, sewer, trash, water, common areas, common real estate tax, elevator

Exterior

  • Parking: Assigned parking; Guest parking; Open parking
  • Security: Smoke detectors; Security system; Attended lobby
  • Utilities: Public water; Public sewer; Three-phase electric; Cable available
  • Home design: Condominium; Multi-level / split; 3-story building; Faces east
  • Construction: CBS construction; Built as resale property
  • Exterior features: Sidewalks; Ocean access; Intracoastal access; Entry-level living area

Interior

  • Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Electric water heater
  • Bedrooms: 2 bedrooms on the main level
  • Flooring: Carpet; Ceramic tile
  • Bathrooms: 2 full bathrooms (main level)
  • Heating & cooling: Central electric heating; Central air; Ceiling fan(s)
  • Interior features: Entrance foyer; Walk-in closet(s); Split bedroom layout; Unfurnished
  • Laundry & utility: Laundry closet inside unit

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $204k.

Deal economics

  • At list price, monthly cash flow is $85 ($1k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($4k rent vs $204k).

Location & tenants

  • Location reads 72/100 on livability (#340 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities F, commute F.
  • Palm Beach (suburban): math 46% / reading 53% proficiency, ranked #34 of 73 in FL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Lantana Elementary School (math 30% / reading 33%, grade F, #1,841 of 2,144 statewide, top 86%, 484 students, 79% FRL); Lantana Middle School (math 21% / reading 36%, grade F, #482 of 571 statewide, top 85%, 801 students, 78% FRL); Lake Worth High School (math 16% / reading 27%, grade F, #546 of 667 statewide, top 82%, 2,683 students, 71% FRL) — zoned schools average 76% FRL vs 52% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Zoned-school proficiency averages 27% at this address vs 50% district-wide (-22 pts) — the specific schools serving this property underperform the Palm Beach average; the district grade overstates school quality for this exact location.
  • Market conditions: Rents rising (+3.9%/yr); 450 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
  • This rent runs 35% of the median local income ($151k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • In year one you build about $12k of equity ($1k loan paydown + $10k appreciation (5.1% local appreciation)).
  • Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (5.1% appreciation + 3.9% rent growth), your $57k cash investment doubles in ~4 years — after that, you're playing with house money.
  • By year 4, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
  • 6 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

  • Watch-outs: flood insurance adds $427/mo; HOA is 33% of rent.
  • Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $204,000

Questions for the listing agent

  1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
2.17%
Cap rate
9.30%
Cash-on-cash
10.75%
DSCR
1.48
GRM
3.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.12% appreciation · 3.92% rent growth · sell at horizon

5-year hold
IRR
16.0%
Equity multiple
2.04×
Total profit
$59,203
Equity at exit
$117,031
10-year hold
IRR
17.4%
Equity multiple
4.23×
Total profit
$184,562
Equity at exit
$203,168

Cash invested: $57,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
87 Strongly Landlord-Friendly
State Florida
87 Strongly Landlord-Friendly · R+3
County
— inherits STATE
City
— inherits STATE
3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

ZIP-level market 33480

Home prices YoY
1.1%
Rents YoY
3.9%
Active inventory
450
Price-to-rent
3.8×

Monthly cashflow live

Estimated rent
$4,422 high interval (Pro) →
Mortgage (P&I)
$1,070
Tax from tax record
$365 /mo · $4,381/yr
Insurance
$85
Flood insurance flood zone
−$427 /mo · $5,118/yr
HOA
$1,462
Vacancy / Maint / Mgmt
$929
Net cashflow
$85

Break-even live

Break-even rent $4,314
Max offer price $204,000
Occupancy floor 93%

Sensitivity live

Price -10% $201 -5% $143 +0% $85 +5% $27 +10% $-30
Rent -10% $-264 -5% $-90 +0% $85 +5% $260 +10% $434
Rate -1.0pp $188 -0.5pp $137 base $85 +0.5pp $32 +1.0pp $-22

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$51,000
Closing costs
$6,120
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3605 S Ocean Blvd #319 Palm Beach, FL 2.0 2.0 1121 $4,000 $3.57 6d 1 0.02mi
4201 S Ocean Blvd Unit K2 Palm Beach, FL 1.0 1.5 714 $2,299 $3.22 10d 1 0.04mi
3605 S Ocean Blvd Palm Beach, FL 2.0 2.0 1162 $3,350 $2.88 26d 2 0.06mi
3601 S Ocean Blvd #308 Palm Beach, FL 2.0 2.5 1408 $3,250 $2.31 21d 1 0.06mi
3601 S Ocean Blvd Palm Beach, FL 2.0 2.5 1408 $2,900 $2.06 22d 2 0.07mi
3610 S Ocean Blvd Palm Beach, FL 1.0–3.0 1.5–2.0 1490 $8,348 $5.60 26d 4 0.12mi
3581 S Ocean Blvd Unit 9A Palm Beach, FL 2.0 2.0 1192 $2,600 $2.18 19d 1 0.14mi
3581 S Ocean Blvd Unit 2B Palm Beach, FL 1.0 1.5 940 $2,900 $3.09 19d 1 0.14mi
3580 S Ocean Blvd Unit 6B Palm Beach, FL 1.0 1.5 1013 $2,500 $2.47 17d 1 0.20mi
3560 S Ocean Blvd #502 Palm Beach, FL 2.0 2.0 1340 $9,500 $7.09 26d 1 0.26mi
3560 S Ocean Blvd #4 Palm Beach, FL 2.0 2.0 1340 $7,950 $5.93 26d 1 0.26mi
3560 S Ocean Blvd #907 Palm Beach, FL 2.0 2.0 1340 $7,500 $5.60 13d 1 0.26mi
3560 S Ocean Blvd #907 Palm Beach, FL 2.0 2.0 1340 $7,800 $5.82 13d 1 0.26mi
3560 S Ocean Blvd #706 Palm Beach, FL 2.0 2.0 1340 $12,000 $8.96 23d 1 0.26mi
3560 S Ocean Blvd #306 Palm Beach, FL 2.0 2.0 1380 $7,000 $5.07 21d 1 0.26mi
3540 S Ocean Blvd #309 Palm Beach, FL 1.0 1.5 785 $2,300 $2.93 7d 1 0.36mi
3540 S Ocean Blvd Palm Beach, FL 1.0 2.0 983 $4,000 $4.07 26d 1 0.36mi
3540 S Ocean Blvd #216 Palm Beach, FL 2.0 2.0 983 $2,550 $2.59 24d 1 0.36mi
3540 S Ocean Blvd #608 Palm Beach, FL 2.0 2.0 983 $2,950 $3.00 26d 1 0.36mi
3540 S Ocean Blvd #310 Palm Beach, FL 1.0 1.5 785 $2,100 $2.68 10d 1 0.36mi
3540 S Ocean Blvd #208 Palm Beach, FL 2.0 2.0 983 $2,750 $2.80 6d 1 0.36mi
3540 S Ocean Blvd #612 Palm Beach, FL 2.0 2.0 983 $4,700 $4.78 10d 1 0.36mi
3540 S Ocean Blvd #309 Palm Beach, FL 1.0 1.5 785 $2,400 $3.06 7d 1 0.36mi
400 S Ocean Blvd Unit 103a Manalapan, FL 3.0 3.5 1399 $21,000 $15.01 26d 1 0.37mi
3520 S Ocean Blvd Unit H404 Palm Beach, FL 2.0 2.0 1176 $5,900 $5.02 26d 1 0.39mi
3500 S Ocean Blvd Palm Beach, FL 1.0 1.0 580 $1,950 $3.36 3d 3 0.44mi
3475 S Ocean Blvd #1030 Palm Beach, FL 1.0 2.0 1395 $5,500 $3.94 5d 1 0.49mi
3475 S Ocean Blvd #6150 Palm Beach, FL 2.0 2.0 1395 $8,750 $6.27 26d 1 0.49mi
3475 S Ocean Blvd #6110 Palm Beach, FL 1.0 1.5 891 $3,500 $3.93 26d 1 0.49mi
3475 S Ocean Blvd #3110 Palm Beach, FL 1.0 1.5 891 $2,600 $2.92 26d 1 0.49mi
3475 S Ocean Blvd #3020 Palm Beach, FL 2.0 2.0 1395 $5,000 $3.58 26d 1 0.49mi
3475 S Ocean Blvd Palm Beach, FL 2.0 2.0 1395 $5,850 $4.19 26d 3 0.50mi
3460 S Ocean Blvd #4150 Palm Beach, FL 2.0 2.0 1436 $10,500 $7.31 26d 1 0.55mi
3456 S Ocean Blvd Apt 705 Palm Beach, FL 2.0 2.0 1457 $3,500 $2.40 26d 1 0.56mi
3456 S Ocean Blvd #105 Palm Beach, FL 2.0 2.0 1482 $12,000 $8.10 26d 1 0.56mi
3456 S Ocean Blvd #6050 Palm Beach, FL 2.0 2.0 1482 $4,650 $3.14 26d 1 0.57mi
300 Croton Ave Lantana, FL 2.0 2.0 1039 $3,000 $2.89 26d 1 0.58mi
300 Croton Ave #102 Lantana, FL 2.0 2.0 1039 $3,250 $3.13 26d 1 0.58mi
301 Croton Ave #302 Lantana, FL 1.0 1.0 702 $1,900 $2.71 26d 1 0.59mi
231 E Lantana Rd #203 Lantana, FL 2.0 2.0 950 $2,400 $2.53 6d 1 0.60mi

HOA detail condo

Monthly dues
$1,462 · $17,544/yr
Likely covers
waterelectricpoolsecurityparking
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 38 events

  1. 2026-06-22
    days on market $204,000 Active 4 DOM
  2. 2026-06-21
    days on market $204,000 Active 3 DOM
  3. 2026-06-18
    days on marketlisting id $204,000 Active 1 DOM
  4. 2026-06-15
    days on market $204,000 Active 132 DOM
  5. 2026-06-13
    days on market $204,000 Active 130 DOM
  6. 2026-06-09
    days on market $204,000 Active 126 DOM
  7. 2026-06-08
    days on market $204,000 Active 125 DOM
  8. 2026-06-07
    days on market $204,000 Active 124 DOM
  9. 2026-06-04
    days on market $204,000 Active 121 DOM
  10. 2026-06-03
    days on market $204,000 Active 120 DOM
  11. 2026-06-02
    days on market $204,000 Active 119 DOM
  12. 2026-06-01
    days on market $204,000 Active 118 DOM
  13. 2026-05-31
    days on market $204,000 Active 117 DOM
  14. 2026-05-10
    historical Active Under Contract
  15. 2026-05-09
    status Active
  16. 2026-04-02
    historical Active Under Contract
  17. 2026-02-03
    listed $204,900 Active
  18. 2021-01-25
    soldstatus $227,500
  19. 2021-01-25
    soldstatus $227,500
  20. 2021-01-12
    soldstatus $227,500 Closed 1035-char remark
    Show marketing remark (1035 chars)

    Location! Location! Meticulously maintained split 2 bedroom, each with an en-suite bath. Recent interior upgrades include: new A/C + condenser & Bosch washer/dryer. Other improvements: hurricane shutters, granite kitchen, updated baths, updated electric, fresh paint, under-cabinet lighting, kitchen water filter, and invisible screen front door. Relax or dine on screened porch overlooking a superbly groomed garden accented by fountains & flowing water with an outdoor pool on the Intercoastal. Southgate has private beach access. It is conveniently located on A1A for great walking/cycling and is one block from the 4-star Eau Resort & Spa and Plaza Del Mar, with restaurants, boutique shops and Publix grocery. On-site management, a daytime/evening doorperson and locked security at night. Assigned parking #99. Storage Locker on floor near elevators. Owner may lease 3+months, 1x a year - must own for one year. Master includes 6x10 dressing area. Bath bathrooms have new fans/motors. New ceiling in Master bath.

  21. 2020-12-10
    historical Active Under Contract 1035-char remark
    Show marketing remark (1035 chars)

    Location! Location! Meticulously maintained split 2 bedroom, each with an en-suite bath. Recent interior upgrades include: new A/C + condenser & Bosch washer/dryer. Other improvements: hurricane shutters, granite kitchen, updated baths, updated electric, fresh paint, under-cabinet lighting, kitchen water filter, and invisible screen front door. Relax or dine on screened porch overlooking a superbly groomed garden accented by fountains & flowing water with an outdoor pool on the Intercoastal. Southgate has private beach access. It is conveniently located on A1A for great walking/cycling and is one block from the 4-star Eau Resort & Spa and Plaza Del Mar, with restaurants, boutique shops and Publix grocery. On-site management, a daytime/evening doorperson and locked security at night. Assigned parking #99. Storage Locker on floor near elevators. Owner may lease 3+months, 1x a year - must own for one year. Master includes 6x10 dressing area. Bath bathrooms have new fans/motors. New ceiling in Master bath.

  22. 2020-10-01
    listed $237,500 Active 1035-char remark
    Show marketing remark (1035 chars)

    Location! Location! Meticulously maintained split 2 bedroom, each with an en-suite bath. Recent interior upgrades include: new A/C + condenser & Bosch washer/dryer. Other improvements: hurricane shutters, granite kitchen, updated baths, updated electric, fresh paint, under-cabinet lighting, kitchen water filter, and invisible screen front door. Relax or dine on screened porch overlooking a superbly groomed garden accented by fountains & flowing water with an outdoor pool on the Intercoastal. Southgate has private beach access. It is conveniently located on A1A for great walking/cycling and is one block from the 4-star Eau Resort & Spa and Plaza Del Mar, with restaurants, boutique shops and Publix grocery. On-site management, a daytime/evening doorperson and locked security at night. Assigned parking #99. Storage Locker on floor near elevators. Owner may lease 3+months, 1x a year - must own for one year. Master includes 6x10 dressing area. Bath bathrooms have new fans/motors. New ceiling in Master bath.

  23. 2018-09-05
    soldstatus $197,000
  24. 2018-08-31
    soldstatus $197,000 Closed 758-char remark
    Show marketing remark (758 chars)

    Lowest price renovated unit in Southgate! Beautiful 2 bedroom 2 bath upgraded unit with two private balconies! Granite counters with wood cabinets, large open dining room and living room with gorgeous tranquil garden views from your huge, covered screened lanai. Spacious master suite with separate makeup vanity, 3 separate his/her closets and an updated master bath. Large 2nd bedroom with updated bath. Waterfront community on the Intracoastal with private deeded beach access across the street. Condo Association only allows service animals. Washer/dryer can be installed in one of the closets and owner willing to do prior to close at right price! Locked private storage unit by elevator, pool on intracoastal, sauna, accordion shutters and much more!!

  25. 2018-08-01
    status Pending 758-char remark
    Show marketing remark (758 chars)

    Lowest price renovated unit in Southgate! Beautiful 2 bedroom 2 bath upgraded unit with two private balconies! Granite counters with wood cabinets, large open dining room and living room with gorgeous tranquil garden views from your huge, covered screened lanai. Spacious master suite with separate makeup vanity, 3 separate his/her closets and an updated master bath. Large 2nd bedroom with updated bath. Waterfront community on the Intracoastal with private deeded beach access across the street. Condo Association only allows service animals. Washer/dryer can be installed in one of the closets and owner willing to do prior to close at right price! Locked private storage unit by elevator, pool on intracoastal, sauna, accordion shutters and much more!!

  26. 2018-07-13
    listed $199,900 Active 758-char remark
    Show marketing remark (758 chars)

    Lowest price renovated unit in Southgate! Beautiful 2 bedroom 2 bath upgraded unit with two private balconies! Granite counters with wood cabinets, large open dining room and living room with gorgeous tranquil garden views from your huge, covered screened lanai. Spacious master suite with separate makeup vanity, 3 separate his/her closets and an updated master bath. Large 2nd bedroom with updated bath. Waterfront community on the Intracoastal with private deeded beach access across the street. Condo Association only allows service animals. Washer/dryer can be installed in one of the closets and owner willing to do prior to close at right price! Locked private storage unit by elevator, pool on intracoastal, sauna, accordion shutters and much more!!

  27. 2018-07-13
    historical
    Show marketing remark (758 chars)

    Lowest price renovated unit in Southgate! Beautiful 2 bedroom 2 bath upgraded unit with two private balconies! Granite counters with wood cabinets, large open dining room and living room with gorgeous tranquil garden views from your huge, covered screened lanai. Spacious master suite with separate makeup vanity, 3 separate his/her closets and an updated master bath. Large 2nd bedroom with updated bath. Waterfront community on the Intracoastal with private deeded beach access across the street. Condo Association only allows service animals. Washer/dryer can be installed in one of the closets and owner willing to do prior to close at right price! Locked private storage unit by elevator, pool on intracoastal, sauna, accordion shutters and much more!!

  28. 2018-05-04
    price $199,900
  29. 2018-04-24
    price $205,000
  30. 2018-04-02
    price $208,000
  31. 2018-03-01
    price $215,000
  32. 2018-01-11
    price $219,900
  33. 2017-11-30
    listed $239,900 Active
  34. 2001-10-05
    soldstatus $95,000
  35. 2001-10-03
    soldstatus $95,000
  36. 2001-07-17
    historical
  37. 2001-07-10
    listed $99,900
  38. 1985-06-01
    soldstatus $74,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

Current annual tax
$4,381 · $365/mo
Projected year-2 tax
$4,381 · $365/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 8/10 Severe FEMA zone AE · 99% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 27 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$53,066
− Mortgage interest
−$11,427
− Property taxes
−$4,381
− Insurance
−$6,138
− Repairs & maintenance
−$4,245
− Management
−$4,245
− HOA
−$17,544
− Depreciation
−$5,935
Taxable loss
−$850
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$204
After-tax cash flow
$1,225/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

District
Palm Beach
NCES district ID
1201500
Math proficiency
46% ▼ -16.00%
Reading proficiency
53% ▼ -4.00%
Median HH income
$53,943
Composite
42.72/100
National rank
#3160
State rank
#34 of 73 in FL

Livability — South Palm Beach

Score
72/100
State rank
#340
US rank
#5907

Category grades

Amenities F Commute F Cost of living C+ Crime A+ Employment B+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
South Palm Beach, FL
County
Palm Beach County · 1,438,312 people
Metro
Miami-Fort Lauderdale-Pompano Beach, FL
Population (ZIP)
10,924
Household income
$150,633
Rent vs Own
15.8% rent · 84.2% own
Severe rent burden
213.0

Population outlook (Palm Beach County) Hauer SSP2

Today (2025)
1,637,487 people
By 2030
1,743,255 · +6.5%
By 2040
1,948,712 · +19.0%
By 2050
2,132,979 · +30.3%
By 2075
2,530,027 · +54.5%
By 2100
2,706,979 · +65.3%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (89%)
Race & ethnicity
White 89% Hispanic / Latino 7% Two or more races 6% Asian 1%
Hispanic origin (detail)
Mexican 1% Puerto Rican 1% Cuban 1%
Common ancestry
Scotch-Irish 7% Romanian 5% Italian 3%
Foreign-born
20% · Canada, Dominican Republic, China
Languages at home
84% English-only · Spanish 7% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Palm Beach

2024 margin
Toss-up / Even · D 50.0% · R 49.2%
2008→2024 swing
-22.1pp toward R · 2008: 22.9pp · 2024: 0.8pp
All cycles
2024: D+0.8 2020: D+12.8 2016: D+15.3 2012: D+17.0 2008: D+22.9

Not yet ingested

Civics

Market trends

HPI YoY
▲ 5.12%
Current HPI
464.2769
Rent YoY
▲ 3.92%
Metro
Miami-Fort Lauderdale-Pompano Beach, FL
State GDP YoY
▲ 3.28%
F500 in state
36

Industry mix (Fortune 500 HQ in FL)

Industry F500 HQs Revenue

Price history

+176.9% since first listed
25 events — show timeline
  • 2026-05-10 Contingent Beaches MLS
  • 2026-05-09 Relisted Beaches MLS
  • 2026-04-02 Contingent Beaches MLS
  • 2026-02-03 Listed $204,900 Beaches MLS
  • 2021-01-25 Sold (Public Records) $227,500 Public Records
  • 2021-01-25 Sold (Public Records) $227,500 Public Records
  • 2021-01-12 Sold (MLS) $227,500 Beaches MLS
  • 2020-12-10 Contingent Beaches MLS
  • 2020-10-01 Listed $237,500 Beaches MLS
  • 2018-09-05 Sold (Public Records) $197,000 Public Records
  • 2018-08-31 Sold (MLS) $197,000 Beaches MLS
  • 2018-08-01 Pending Beaches MLS
  • 2018-07-13 Listing Removed Beaches MLS
  • 2018-07-13 Listed $199,900 Beaches MLS
  • 2018-05-04 Price Changed $199,900 Beaches MLS
  • 2018-04-24 Price Changed $205,000 Beaches MLS
  • 2018-04-02 Price Changed $208,000 Beaches MLS
  • 2018-03-01 Price Changed $215,000 Beaches MLS
  • 2018-01-11 Price Changed $219,900 Beaches MLS
  • 2017-11-30 Listed $239,900 Beaches MLS
  • 2001-10-05 Sold (Public Records) $95,000 Public Records
  • 2001-10-03 Sold (MLS) $95,000 Beaches MLS
  • 2001-07-17 Listing Removed Beaches MLS
  • 2001-07-10 Listed $99,900 Beaches MLS
  • 1985-06-01 Sold (Public Records) $74,000 Public Records

Property tax history

+10.2%/yr

Latest (2025): $4,381 · -27.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…