5200 N Flagler Drive

West Palm Beach, FL 33407

$399,000

$323/ft²

2Beds

2Baths

1,235Sq ft

1974Year built

CondoType

About this home

Welcome to Placido Mar, a private waterfront residence in West Palm Beach's sought-after Northwood Harbour Marina District. Positioned directly along the Intracoastal Waterway with sweeping views toward Palm Beach Island, this gated community offers a rare combination of waterfront living, privacy, and convenience. Located on the 11th floor, this spacious 2-bedroom, 2-bathroom residence features a desirable split-bedroom floor plan with beautiful, elevated views and abundant natural light. Residents enjoy an attended lobby, fitness center, tennis court, resort-style pool, and a private common dock ideal for kayaking, fishing, or simply enjoying the waterfront surroundings. A dedicated carport space is also included. The building has undergone significant improvements, with the assessment fully paid by the seller. Recent and ongoing upgrades include freshly painted and renovated balconies, new elevators, a remodeled lobby, a new fire alarm system, replacement of all fire doors, parking lot resurfacing, and new landscaping currently in progress. The beautifully maintained grounds further enhance the community's appeal. Placido Mar is ideally located just minutes from Downtown West Palm Beach, CityPlace, Palm Beach, fine dining, shopping, entertainment, and nightlife. With major luxury developments such as the new Alba Palm Beach and the Mandarin Oriental Residences coming nearby, the Northwood Harbour Marina District continues to experience exciting growth and transformation. A wonderful opportunity to own a waterfront residence in one of West Palm Beach's most desirable emerging locations.

Features

Waterfront
Private pool

Property details

Listing

MLS #: B26068787
Status: For sale
Listed on: Aug 26, 2026
Days on market: 1 day
Listing data updated: Aug 26, 2026

Interior

Beds: 2
Baths: 2
Living area: 1,235 ft²
Price per ft²: $323/ft²
Unit: 1106

Building & community

Type: Condo
Year built: 1974
HOA fee: $1,527/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): $2,018
Property taxes (est.): $366
Home insurance (est.): $317
Flood insurance (est.): —
HOA fee: $1,527

Estimated total$4,228*/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?