Singer Island, FL·For Sale
5550 N Ocean Drive 22b
Offered at
$1,170,000
5550 N Ocean Drive 22b, Singer Island, FL 33404
- 2
- Beds
- 2
- Full Baths
- 1,435
- Sq.Ft.
Listing courtesy of Robert A. Scarmazzo, RE/MAX Ocean Properties
Property Description
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.
Overview
At a glance
- Property Type
- Residential
- Property Sub-Type
- Condominium
- Address
- 5550 N Ocean Drive 22b, Singer Island, FL 33404
- Zoning
- RM-20(
- MLS ID
- R11115281
- Listing Date
- 2025-08-13
- Last Updated
- 4/2/2026, 7:29:56 PM
- Days on Market
- 255
- Subdivision
- WATER GLADES CONDO
- Stories
- 23
Features & Amenities
The Details
Interior
- Bedrooms
- 2
- Full Bathrooms
- 2
- Half Bathrooms
- 0
- Flooring
- Marble
- Appliances
- Electric Water Heater, Cooktop, Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer
- Interior Features
- Entrance Foyer, Elevator, Kitchen Island, Pantry, Walk-In Closet(s), Bedroom Layout - Split, Closet Cabinetry
- Laundry
- Laundry Closet, Inside, Washer Hookup
- Windows
- Storm Window(s)
Exterior
- Construction
- Concrete
- Exterior Features
- Tennis Court(s), Balcony
- Parking
- Covered, Garage
- Garage Spaces
- 2
- Water Source
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Available, Sewer Available, Underground Utilities, Water Available
- Cooling
- Electric, Central Individual
- Heating
- Central
- Security
- Fire Alarm, Fire Sprinkler System, Gated with Guard, Smoke Detector(s), Security Lights
Details
- Building Area
- 1,435 sq.ft.
- Lot Size
- 0 sq.ft.
- Lot Size (Acres)
- 0 acres
- Subdivision
- WATER GLADES CONDO
- Stories
- 23
- Year Built
- 1975
- View
- Pool, Tennis, Intracoastal, Ocean
- Waterfront
- Ocean Access, Seawall, Directly on Sand, Intracoastal, Ocean Front
- Direction Faces
- South
- County
- Palm Beach
- Zoning
- RM-20(
Financial
- List Price
- $1,170,000
- Original List Price
- $114,500
- Annual Tax
- $10,044.2/yr
- Tax Year
- 2025
- Association Fee
- $1,695
Location
Inquire
Request a Private Showing
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Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.