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

Property Description

Nov 2026 Voters APPROVED FLA Property Tax Reduction! OCEANFRONT 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 Sunrise+Sunset View 365 Days! "B" model South Sun Side 365 Days! "C" and "A" model North Side little Sun 365 days - Shadey. Sound-of-Ocean! Fresh Ocean Air! At WATERGLADES on north quiet end Singer Island-North Palm Beach County. RARE ON-THE-SAND!! Other towns walk across street to beach. Beach Walking Heaven!! 1200 ft Private Beach. exclusively shares south very little public used-property line with 1.6 mile awards-winning McArthur Beach State Park. South end is on Palm Beach Inlet. Exceptionally Managed: President Water Glades Owner's Association is Singer Island on City Council, and a former Town Manager, PHD Engineer; see upgrades below. Ocean Club House, (2) pools, (4) tennis-pickle ball, (5) BBQ grills, shuffle board, fitness center in building, putting green,bike-beach gear storage, 24/7 manned Guard Gate, drive-thru car rinse. 5-10-15 minutes to EVERYTHING: Supermarket, pharmacy, hospital-medical, (2) gourmet markets, Whole Foods, Gardens Mall: Saks 5th Ave, Macy's, Bloomindale's, North County Government Center, restaurants, golf, boating, SailFish Marina & Restaurants, downtown West Palm Beach-Kravis Performing Arts Center, Airport. Palm Beach's Exclusive-Hi Demand Location. Corner unit ''Privacy'', (4) per floor,1435 sq ft under air+270 sq ft-60 ft long wrap around terrace=1705 total sq ft. 2021 New Hurricane Impact Doors&Windows. (2) "Covered" Parking, floors 2-14 (1) "Uncovered" Parking. Rare In-Condo Washer-Dryer. Exclusive WOW underlighted Island Kitchen Counter. Exclusive Custom In-Condo Storage Closet, "B" model exclusive extra hall-entrance closet space. Exclusive Ensuite 2nd Bathroom/Bedroom. New Buildings' Water Pipes inside condo. Water Filter System, New-All Electric and Plumbing, New Appliances, New AC+Water Heater, Custom Master bedroom closets, Frosted Glass Pocket Doors, New Entrance Doors+Digital Lock. New Furniture. Monthly HOA Maintenance $1695, not increasing, includes Comcast Cable + Internet, water, trash, sewer, bldg. insurance, property staff, fitness center, bike and beach gear storage cage. Singer Island ALL NEW: 2014 Streets, Drainage, Vintage Lights, Power poles-Power lines, End-end bike-walk path, 2014 New Natural Gas Power Plant on Port of Palm Beach (resident peace-of-mind when storms), 2027-complete Fire Station-Water Tower Substation, New Water Plant 2029. NO BUILDING COSTS ALL-NEW UPGRADES 2025-2015 WATER GLADES DETAILS-HOME OWNERS ASSOCIATION/MANAGEMENT: -Very stable financially and managed community. -(11) acres, (3) buildings, 1,200 feet Private Beach. -Exclusive wide-bay of Lake Worth Lagoon on Port of Palm Beach/Inlet to Ocean. -Exceptionally Managed: President Water Glade Owner's Association is Singer Island on City Council, former Town Manager Long Beach, NY, PHD Engineer. And other owners with significant property, financial, and legal expertise. On property Management Office/Staff, Maintenance Staff. 24/7 manned guard gate, on-property security. Florida Condo Structure Integrity Milestone Certificate. Home Owner's Association Reserve Funds 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). PROPERTY TAX REDUCTIONS + NEW TAX BENEFITS+NEW FLORIDA MORTGAGE DOWNPAYMENT% REDUCED: 1. Nov 3 2026 Voters APPROVED FLA Property Tax Reduction, Will reduce this condo Property Tax from 2026 appx by $1,500 in 2027, from appx $17,750 to $16, 250, from 2026 by $3,000 in 2028, and more 2029. As primary residence-homestead, As second home from appx $19,000 to $17,3000 per year; capped 5% increase from 10%. Residents who establish primary Florida residency on or before Dec. 31, 2026, would be eligible for the expanded exemption when it takes effect. However, those who move to the state after that deadline would have to wait four years before qualifying for the full $250,000 exemption. On Jan. 1, 2027, the homestead exemption would increase from the existing $50,000 to $150,000. One year later, in 2028, the homestead exemption would rise to $250,000, progressing to $500,000. 2. Federal Income Tax, July 1 2025 Big Beautiful Bill, State And Local Tax Deduction increased to $40,000 from $10,000. This property, Property Tax as HomeStead Primary Residence is est. $17,750, As Second Home $18,750. 3. 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. 4. JANUARY 2026 FLORIDA CONDO BUYERS LOAN 25% MINIMUM DOWN PAYMENT ELIMINATED.