123 Ocean Avenue

Palm Beach Shores, FL 33404

$1,495,000

$946/ft²

2Beds

2.5Baths

1,581Sq ft

2028Year built

CondoType

About this home

Introducing 123 Ocean. Oceanfront Serenity. Elevated Palm Beach Shores Living. This west-facing 2-bedroom plus den, 2.5-bath residence offers a refined coastal lifestyle with a bright, open layout and expansive terrace designed for seamless indoor-outdoor living. Enjoy private, direct beach access just moments from dining, marinas, and the best of Palm Beach Shores. Interiors feature a sophisticated palette of white oak, woven textures, and soft brass accents, complemented by a private elevator vestibule and a split-bedroom floor plan for optimal privacy. The sunlit living and dining areas open effortlessly to the terrace. The chef's kitchen is both functional and striking, featuring custom cabinetry, a sculptural peninsula, a custom bronze hood, and fully integrated Gaggenau appliances. The primary suite is a serene retreat with a spacious walk-in closet and spa-inspired bath, complete with a double vanity, porcelain feature wall, and rainfall shower. The secondary bedroom includes an en-suite bath, while the den offers flexible space for a home office or additional living area. 123 Ocean is a boutique six-story oceanfront development by Lionbright Development, with architecture by Arquitectonica and interiors by Asthetique. Amenities include a 24-hour attended lobby, secure underground parking, resort-style pool and sun deck, fitness studio with infrared sauna and ice bath, resident lounge, media room, and children's playroom. Minutes to Palm Beach Island, downtown West Palm Beach, and Palm Beach International Airport.

Features

Waterfront
Private pool

Property details

Listing

MLS #: B26010002
Status: For sale
Listed on: Apr 1, 2026
Days on market: 130 days
Listing data updated: Jun 15, 2026

Interior

Beds: 2
Baths: 2.5
Living area: 1,581 ft²
Price per ft²: $946/ft²
Unit: 201

Building & community

Type: Condo
Year built: 2028
HOA fee: $3,162/mo
County: Palm Beach

Lot & exterior

Waterfront: Yes
Private pool: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $7,560
Property taxes (est.): $1,371
Home insurance (est.): $600
Flood insurance (est.): —
HOA fee: $3,162

Estimated total$12,693*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?