5420 N Ocean Drive

Riviera Beach, FL 33404

$749,000

$497/ft²

2Beds

2Baths

1,508Sq ft

1979Year built

CondoType

About this home

ONE OF THE BEST OCEANFRONT PENTHOUSE VALUES IN PALM BEACH COUNTY! This exceptional southeast-facing corner residence at PH2 offers breathtaking, unobstructed water views with spectacular sunrises over the Atlantic and glowing sunsets across the Intracoastal Waterway. Enjoy the ultimate coastal lifestyle from your expansive covered balcony, perfectly positioned to capture ocean breezes and panoramic vistas all day long. Flooded with tremendous natural light, this penthouse features tile flooring, an updated kitchen, and beautifully renovated bathrooms designed for both comfort and style. Additional highlights include full impact glass windows and sliders installed in 2018, a 2019 HVAC, and a 2019 water heater—providing peace of mind and modern efficiency. The building is financially sound and well-maintained, with HOA dues of just $1,393/month that have remained unchanged for the past three years. Milestone Report compliant, a completed and filed Structural Integrity Reserve Study (SIRS), over $1.5 million in reserves, and no upcoming planned assessments further reinforce the strength of this offering. Ideally located on Singer Island with convenient access to PGA Boulevard, this penthouse presents a rare opportunity to own a premier oceanfront property at an exceptional value.

Features

Waterfront
Private pool

Property details

Listing

MLS #: B26007170
Status: For sale
Listed on: Mar 26, 2026
Days on market: 136 days
Listing data updated: Jul 26, 2026

Interior

Beds: 2
Baths: 2
Living area: 1,508 ft²
Price per ft²: $497/ft²
Unit: Ph2

Building & community

Type: Condo
Year built: 1979
HOA fee: $1,393/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): $3,787
Property taxes (est.): $687
Home insurance (est.): $433
Flood insurance (est.): —
HOA fee: $1,393

Estimated total$6,300*/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?