3100 S Ocean Boulevard 502N
Palm Beach,Florida FL33480
The moment you step into this exquisite direct oceanfront residence you will experience something so beautiful you won't want to leave. The newly renovated 5th floor residence is situated on the Southeast Corner and features a glass balcony that wraps around the entire perimeter allowing for unobstructed ocean, beachfront & Intracoastal views.The interior details include large format porcelain flooring and walls imported from Italy, Quartzite counter tops, floating ceilings with dimmable LED lighting, custom cabinetry, glass doors at all closets, Grohe, Allure, & Grohtherm Smartcontrol plumbing fixtures and hardware. electric Lutron drop shades throughout, speakers in every room with varying sound control, a state-of -the-art Crestron System - SEE SUPPLEMENT with programmable wall switched with independent dimming capabilities provided in all rooms that controls the electronics throughout that can be used in lieu of the iPads. This system has full access to audio/video apps for viewing a multitude of entertainments options including access to music stations available throughout the world. The center island kitchen is the focal point of this gorgeous home and features Viking Kitchen Appliances inclusive of a French-door oven 80 Bottle Liebherr Wine Refrigerator and a drinking water purification system. There are 2 Bedroom Suites, each designed with a stunning aesthetic appearance, comfort and detail. This gracious oceanfront residence is being offered as a complete turn-key package. All furnishings are Designer / Hospitality grade throughout and are included with the purchase price: Kluff Mattresses, Frettte, Sferra, Matouk, & Roberto Cavalli Linens & Towels All-Clad Cookware, Sur La Table tableware, Fortessa & Nude Glassware Kim Seybert, Global Views and Arterior Home Accessories Caracole Modern, Four Hands, Palecek, Global Views, Restoration Hardware furniture Hand-made hand-tufted Area Rugs (Loloi, Bokara) A full size programable safe included in the Master Closet Essentially every detail and amenity has been considered for you down to the small appliances and collectable coffee table books. The coup de grâce is the airconditioned poolside Cabana which includes a wet bar, refrigerator and ice maker, above cabinet and under cabinet LED counter lighting, a new 65" Sony TV, porcelain floor and wall tile, two ceiling fans and new cabana furnishings. The washroom includes a new shower, vanity w/LED mirror, and water closet. Garage Spaces 79/80 - Storage Locker 12. Building has a $6M Loan for restoration and maintenance projects. The current interest payment of $1,039.10 which runs thru 8/31/23 has been paid. This loan is currently in the construction draw and interest-only phase. It is expected that this loan will enter the P&I phase in 9/23. At that time Owners will have the opportunity to pay off the loan completely. Due to additional program requirements, it is likely that the Hampton will need to spend an additional $1.5M to complete all capital projects during 2023. The total will be in the order of $7.5 million, but the exact number will not be known until late in 2023. If the total is $7.5 million, the amount of principal that 502-N & Cabana 1 will be $78K +/-
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Listing ID23-339

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© 2023 Palm Beach Board of Realtors MLS (PBBORMLS)
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable, but not guaranteed
Data last updated: Thursday, June 8th, 2023 at 12:43:26 PM.
Listed by: DOUGLAS ELLIMAN (561) 346-4141

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Jacqueline Zimmerman Adam Zimmerman Douglas Elliman

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