What Ocean's Edge Is
Ocean's Edge is the boutique answer to Singer Island's tower skyline. Toll Brothers finished it in 2008 at 5050 North Ocean Drive, a building with private-elevator entry and few neighbors. Homes run from about 2,800 square feet to a 7,900 square foot penthouse, and the floor plans face both waters, the ocean east and the Intracoastal west. Every residence carries two garage spaces. The address sits in Riviera Beach, the municipality behind Singer Island, a point that matters for taxes and schools rather than for the beach.
The island around it is repricing. Our second-quarter report counted a doubling of top-end island sales year over year, led by the new boutique towers. In our island market report, Ocean's Edge sits in the island's second pricing tier at $900 to $1,200 per square foot. That tier sits below the newest construction and well above the legacy stock. That report also warns against pricing this building off its newest neighbor, because the two are different products wearing one beach. The rest of the coast's buildings sit on our luxury condominiums page for comparison.
What the Building Trades At
Our records hold fifteen recorded closings at the building since January 2021, and they arrive in two waves. Six homes closed in 2021, between $461 and $909 per square foot, as the island absorbed the post-2020 demand surge. Two closed in 2023. Nothing recorded in 2024 in the records we hold. Then the current wave began in late October 2025, and seven residences have closed since.
The repricing between the waves is the finding. The 2021 closings carried a median of $709 per square foot. The six export closings from late 2025 through May 2026 carried $892. The range topped out at $1,159 on a fourteenth-floor home that sold without sitting on the market. The newest closing tempers the picture. Unit 1203 closed in September 2026 at $745 per square foot, after 253 days on market and at 84.2 percent of its last asking price. Well-priced homes here have moved in weeks. Ambitious asking prices have waited the better part of a year and given back the difference.
BeachesMLS closed sales at 5050 N Ocean Drive from the Singer Island export, January 2021 through June 2026. Years with no mark recorded no closing in our records.
What Each Line Costs
The building prices by line more than by floor. The 02 stack, three-bedroom plans of 3,136 square feet, has recorded six closings from $1.69M in early 2021 to $3.1M in May 2026. The larger homes on the 01 side, 3,883 to 4,971 square feet, recorded six closings between $3.25M and $4.5M. The smaller 03 plan has traded twice in our records, and the penthouse above them all closed at $7.25M in April 2021, the building's recorded top. Within each line, our building page notes that higher floors command a premium for unobstructed sight lines, and renovation status moves price as much as height.
One residence shows the repricing better than any table. Unit 402 closed at $1.69M in January 2021, then sold again in May 2023 at $2.72M, a gain of 61 percent in twenty-eight months. Both campaigns ran about a hundred days, and both closed below their asking figures. The pattern repeats across the building: recorded prices climb, and asking prices still negotiate.
- 03 line · $2.1M top
- 03 line · $1.3M low
- 03 line · asking
- 02 line · $3.10M top
- 02 line · $1.69M low
- 01 side · $4.50M top
- 01 side · $3.25M low
- Dashed line · Penthouse record, Apr 2021
BeachesMLS via the Singer Island export and the live table on our building page. Lines are grouped by listed living area. Ranges on two closings are directional.
- An open circle is an asking price
- A filled square is a recorded closing
BeachesMLS listing records for the residence. Open circles are asking prices. Filled squares are recorded closings.
What It Costs to Carry
The monthly fee here has no published schedule, and assessments vary with unit size. What the fee funds is on the record. It covers around-the-clock security, concierge and valet service, and the master building insurance. Reserves and the pool, beach and shared amenities ride on the same bill. For scale, our island report quoted association fees of $2,700 to $5,500 a month across the island's four second-tier buildings as a band, not a schedule. The exact figure for any residence comes from the association's budget and the estoppel letter during a purchase.
Insurance deserves its own line in the budget. Master policy premiums have increased substantially across coastal Palm Beach County buildings since 2022, and that cost flows through the association into the monthly fee. Owners carry their own HO-6 policies on top. Property taxes need the same care, because Florida resets assessed value after a sale. Budget from the purchase price rather than the seller's bill, and our county property tax guide shows the arithmetic.
What the Documents Will Tell You
Every Florida condominium buyer now shops in the inspection era. Since the Surfside collapse, the state has required milestone inspections and structural reserve studies for older buildings. It now prohibits the old practice of waiving reserve contributions by owner vote. Our study of a 1986 tower in West Palm Beach measures what those costs do to prices in the buildings that carry them. Ocean's Edge sits on the young side of the era. Built in 2008 to post-2004 hurricane codes, with impact glass and reinforced concrete throughout, it reaches its first milestone inspection around 2033.
Young or not, the building has answers only its paper can give. Rentals are permitted subject to a minimum lease term and board approval of the tenant, and the declaration states the lease duration, any rental cap and any transfer fee. Pets are allowed with restrictions the association confirms. Reserve funding and assessment history live in the budget, the reserve study and the minutes. Our records hold this building's every recorded price. They do not hold its budget, and we will not guess at one. The document review is where the second half of the purchase decision happens.
- The rules: declaration, amendments, rental and pet policy
- The money: budget, reserve study and the SIRS
- The history: two years of minutes and the estoppel letter
The three sets are how Florida associations organize their own paper. Current copies come through the association once a purchase is under contract.
Our records hold the building's recorded prices and listing history. They do not hold its budget, reserves, assessment history or current rental terms, so those questions go to the documents on every purchase
How Buying at Ocean's Edge Runs
Start with the record, because it is free and it is public. The table below holds every closing we hold for the building, and the building page keeps the live version. Price from what closed, not from what neighbors are asking. One residence is listed today, a three-bedroom on the seventh floor at $2,149,000, which is $763 per square foot against the recent recorded band.
Then cover the quiet side before committing to what is listed. Our building page notes that in a forty-home building, many transactions begin off-market before reaching the MLS, and it registers buyers for availability updates. As Compass agents we can also show Private Exclusives, homes offered inside the network before anything is published. Buyers weighing the island's service-heavy alternative should read the building beside the Ritz-Carlton Residences up the beach, where fees buy hotel service rather than boutique quiet.
Under contract, run the paper in order and give your attorney the review time the contract sets. Decide how you will take title before closing, a question our guide to taking title in Florida covers in full. The estoppel letter comes last, confirming dues and stating anything levied. We work these purchases as a transaction broker, and our buyer services page shows how that work runs.
BeachesMLS. The Singer Island export carries closings through June 2026 and the building page's live table adds September 2026. Linked residences open their sale pages
Bottom Line
Most of the work of buying well at Ocean's Edge is reading. The recorded prices have climbed between the building's two waves, the asking prices still negotiate, and the deed record shows which number to believe. What the public record cannot show is how the association runs its own house. Those answers sit in documents any serious buyer can hold before the contract is signed.
For a buyer considering Ocean's Edge: Price from the recorded closings, make the association's paper a condition of your offer, and tell us what you want before it lists. In a building this small, what is listed today is rarely everything available.
Recorded sales come from BeachesMLS closed sales at 5050 N Ocean Drive in our Singer Island town export, January 2021 through June 2026, deduplicated on address, closing date and price. The building's September 2026 closing and its open listing come from the live market table and cards on our Ocean's Edge building page, read September 13, 2026. Medians are recorded closing prices divided by the living area the feed records. The recent median covers the six export closings from late October 2025 through May 2026. Lines are grouped by listed living area, and ranges built on two closings are directional. Days on market runs on the BeachesMLS clock. Closings recorded outside the feeds we hold would not appear here, so counts are floors.
Building facts, the rental and pet rules, and the diligence framing restate our Ocean's Edge building page. Island tier placement and the quoted fee band restate our 2025 Singer Island market report, and the fee band spans four second-tier buildings rather than this building alone. The association's budget, reserve funding, assessment history and current rental terms are not in any record we hold, and nothing on this page states them. Florida's inspection framework is described at a general level. Your attorney reviews the documents themselves. We work with buyers and sellers as a transaction broker.
This is market data and public record analysis, not investment advice.
BeachesMLS via the Singer Island export, closed sales at 5050 N Ocean Drive, January 2021 through June 2026.
palmbeachluxury.com Ocean's Edge building page: live market table, active listing and building specifications, September 13, 2026.
Palm Beach Luxury: the Singer Island luxury market report 2025, the second-quarter 2026 island report, and the Plaza of the Palm Beaches building study.
Florida's published condominium inspection framework, described at a general level.
