This entire top-floor penthouse at South Palm Residence occupies the full fifth floor of a boutique 67-unit oceanfront building in South Palm Beach, delivering direct ocean views from the primary living areas and Intracoastal views from the kitchen, dining room, and guest bedroom. The unit is in original condition and requires full renovation, presenting a value-add opportunity at one of the lowest price points per square foot for direct oceanfront penthouses in the South Palm Beach corridor.
This entire top-floor penthouse at South Palm Residence occupies the full fifth floor of a boutique 67-unit oceanfront building in South Palm Beach, delivering direct ocean views from the primary living areas and Intracoastal views from the kitchen, dining room, and guest bedroom. The unit is in original condition and requires full renovation, presenting a value-add opportunity at one of the lowest price points per square foot for direct oceanfront penthouses in the South Palm Beach corridor.
Layout & Interior Condition
The 2,720-square-foot split-bedroom floor plan separates the primary suite from the guest bedroom across the main living space. Hardwood floors run throughout, and the unit receives natural light from both the ocean and Intracoastal exposures. An in-unit washer and dryer and a half bath for guests are included. The listing notes the unit is in original condition dating to the building's 1962 construction, so buyers should anticipate a full interior renovation including kitchen, bathrooms, electrical, and plumbing updates.
Terrace & Outdoor Living
A large private terrace extends from the living areas with direct ocean exposure, sized for outdoor dining and entertaining. The building's shared amenities include deeded beach access, a heated pool, and a grilling area. Three deeded parking spots convey with the unit, which is uncommon for buildings of this era and size in South Palm Beach.
Building & Location
South Palm Residence has completed concrete restoration and major building improvements, which is a meaningful consideration for buyers evaluating special assessment risk in older coastal buildings. The property sits on a 2.13-acre oceanfront parcel at 3500 South Ocean Boulevard. South Palm Beach is a narrow barrier island municipality between Palm Beach and Lantana, offering a quieter residential setting with proximity to both Worth Avenue to the north and Atlantic Avenue in Delray Beach to the south. Palm Beach International Airport is approximately 15 minutes by car.
Key Features
- Full top-floor penthouse occupying the entire fifth level
- Dual exposure: direct ocean views east, Intracoastal views west
- Original condition throughout, requiring complete renovation
- Split-bedroom layout with 2.5 bathrooms
- Large private terrace for outdoor dining
- Three deeded parking spots
- Deeded beach access, heated pool, grilling area
- Concrete restoration and major building improvements completed
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