4517 S Ocean Boulevard

Estimated monthly payment

$28,353 /mo

Principal and interest only, based on $1,079,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $667/mo HOA are not included.

Listing Snapshot

Price

$5,395,000

Days on Site

223 Days

Bedrooms

4

Total Baths

5

Full Baths

4

Partial Baths

1

Living Area

3,667 sqft

Total Sq Ft

4,399 sqft

Lot Size

0.07 Acres

Year Built

1990

Property Type

Townhouse

MLS #

R11163038

Property Tax

$48,919 (2025)

HOA Fees

$667 / Monthly

Subdivision

Terra Mar

County

Palm Beach

Status

Active

About This Property

Rare opportunity to own a 3-level beachfront townhome with low HOA fees. One of only three units, 4517 is centrally located with direct oceanfront views from every level. The living room opens to a patio, yard, and the beach just 50 steps away. Two primary suites feature large closets, private baths, and oceanfront balconies. A third bedroom includes a private bath and sitting room. The fourth bedroom is a guest house with a full bath and walk-in closet—perfect as a cabana or gym. Enjoy a private courtyard, pool, 2-car garage, and gated entry. Move-in ready or update to your taste. No rental restrictions, great income potential! New Balconies and Pavers to be completed! This is a rare opportunity to own a stunning three-level townhome directly on the sand, offering the ultimate beachfront living experience with low HOA fees. One of only three units, 4517 is perfectly positioned in the middle, providing breathtaking direct oceanfront views from every level. The spacious living room opens to a private patio and yard, with the beach just 50 steps away. Two luxurious master suites feature large closets, private bathrooms, and oceanfront balconies, while a third bedroom offers its own private bath and sitting room. A separate guest house serves as the fourth bedroom, complete with a full bath and a large walk-in closet ideal as a cabana, gym, or private retreat. Additional highlights include a private courtyard and pool, a two-car attached garage, and a secure gated entrance. The home is move-in ready and tastefully furnished, or bring your contractor to customize it to your taste. With no rental restrictions, this property offers tremendous rental potential for non-primary users. HOA fees cover exterior water, liability insurance, and groundskeeping, making this an effortless and lucrative investment. Don't miss out on this beachfront gem!

General Features

Property Type

Townhouse

Status

Active

Year Built

1990

Property Condition

Resale

Number of Stories

3

Levels

Three Or More

Garage Spaces

2

Parking

Garage

Direction Faces

West

Lot Size (Acres)

0.07

Living Sq Ft

3,667

Total Sq Ft

4,399

Structure Type

Townhouse

Water Source

Public

Zoning

RML(ci

Interior Features

Appliances

Dryer / Dishwasher / Electric Range / Disposal / Microwave / Washer

Cooling

Central Air

Heating

Central

Flooring

Other

Interior Features

Elevator / Multiple Primary Suites / Multiple En Suite Bathrooms / Upper Level Primary / Walk In Closets

Windows

Skylights

Main Level Bedrooms

0

Main Level Baths

0

Exterior Features

Construction

Block

Exterior Features

Balcony / Outdoor Living Area

Private Pool

Yes

Patio & Porch

Balcony

Lot Features

Less Than Quarter Acre

Waterfront

Yes

Waterfront Features

Ocean Front

Community & HOA

HOA Fee

$667 / Monthly

Association Amenities

None

Community Features

Home Owners Association

Utilities

Cable Available / Water Available

Pets Allowed

Breed Restrictions / Yes

Financing Terms

Cash / Conventional

Restrictions

Ok To Lease

MLS Area

4150