5550 N Ocean Drive

Singer Island, FL 33404

$1,210,000

$843/ft²

2Beds

2Baths

1,435Sq ft

1975Year built

CondoType

About this home

RARE, BUILDING IS APPROVED FOR FHA LOANS!! 2024 GUTTED-CUSTOM REMODEL ''ALL'' NEW. NO BUILDING COSTS ALL-NEW UPGRADES 2025-2015. Yes Small Pets.''Sky Beach'' 22nd Fl of 23. Rare In-Condo Washer-Dryer. Furnished Move-In Ready. WOW Exclusive ''B'' line, panoramic 270 degree OCEANFRONT Sunrise+Sunset View 365 Days! Sound-of-Ocean! Corner units ''Privacy'', (4) per floor,1435 sq ft under air+270 sq ft-60 ft long wrap around terrace=1705 total sq ft. Exclusive WOW underlighted Island Kitchen Counter. Exclusive Custom In-Condo Storage Closet, Exclusive Ensuite 2nd Bathroom/Bedroom. At WATER GLADES, ON SINGER ISLAND, ON-THE-SAND 1200 ft Beach! Steps to Beach-Walking Heaven! 1.6 mile pristine Mc Arthur Beach State Park. Mthly HOA Maint of $1695, no increases, includes Comcast Cable + Internet. JUNE 3 2026 FLORIDA HISTORIC REDUCE-ELIMINATE OWNER-OCCUPIED PROPERTY TAX. Will reduce this condo annual Property Tax from appx $19,225 to $15,175, eventually to $5,500. Capped yearly this amount. Total amount reduced $4,050-21% decrease. Florida Governor DeSantis passed June 3 2026, for Nov 2026 ballot, if passed by 60% of voters. Florida lawmakers passed a major win for economic freedom. Amount of home's value exempt from property taxes would increase next two years. Residents who establish primary Florida residency on or before Dec. 31, 2026, would be eligible immediately. Those who buy-move move to Florida after that deadline, to wait (4) years before qualifying full $250,000 exemption. On Jan. 1, 2027, Homestead Exemption increase from existing $50,000 to $150,000. In 2028, increases to $250,000. Progressing to $500,000. Rare 12/24 Florida Condo Structure Integrity Milestone certificate. Florida Condo Buyers Loan 25% Minimum Downpayment Eliminated The financial landscape for Florida condominium buyers changed significantly this week as the Federal Housing Finance Agency (FHFA) officially eliminated the "Limited Review" process. Immediately removing the minimum 25% down payment rule. Led by Congressman Byron Donalds (R-FL) and Federal Housing Finance Agency (FHFA) Director Bill Pulte, effectively ends a 2008 policy that forced Floridians to pay a higher down payment than any other state. The lending process required Florida borrowers to provide a 25% down payment. This restriction was in stark contrast to the rest of the nation, where buyers could secure Conventional Financing with down payments of 3% to 5%. NEW TAX BENEFITS: 1) Nov 5 2024, Amendment 5: Annual inflation adjustment to the additional Homestead Exemption (the second $25,000 exemption that applies to assessed values between $50,000 and $75,000) The adjustment is tied to the Consumer Price Index (CPI) and will increase when the CPI increases. 2) Palm Beach County Property Tax not increasing 2025. 3) Federal Income Tax, July 1 2025 Big Beautiful Bill, State And Local Tax Deduction increased to $40,000 from $10,000. This property, Pproperty Tax as HomeStead Primary Residence is est. $10,500, As Second Home $14,500. CONDO-2024 GUTTED-CUSTOM REMODEL -EXCLUSIVE ITEMS: -EVERYTHING IS NEW, see below and photos. -EXCLSIVE "B" line, Exclusive, panoramic 270 degree OCEANFRONT SUNRISE + SUNSETS 365 Days! "B" line, no strong ocean wind November-March. Dazzling City Lights at night. Full Moon rises off ocean 3 nights per month. Tower 200 "A" model does not get Sunset, "C" model does not get Sunrise or Sunset in shade 365 days, "D" does not get Sunrise. "A", "C", "D" line get strong ocean wind November-March. -(1) Covered Parking, extra parking available. -1435 sq ft under air+270 sq ft-60 ft long wrap around terrace=1705 total sq ft. -Condo in Tower 200, Smalls Pets are allowed.Tower 100 and 300 pets not permitted. -EXCLSIVE ON-THE-SAND, Surrounding towns have to walk across street/cars traffic to beach. -Privacy-Corner Condo. (4) condos per floor-all corner units. -SPACIOUS 33 x 55 porcelain tile. -EXCLUSIVE Custom Kitchen Island Counter, Rare UNDERLIGHTED "SeaFoam Light Green-White Onyx". -EXCLUSIVE RARE CUSTOM IN-CONDO WASHER/DRYER, Samsung (vented). Washer-Dryer also on-Floor laundry room. -Remodel includes 2023 ALL NEW BUILDING WATR PIPES, see photo. -New Hurricane Impact Windows-Sliding Doors 12/2021 -EXCLUSIVE CUSTOM IN-CONDO STORAGE ROOM + Extra Hall Closet only "B" and "A" model have.. -EXCLUSIVE CUSTOM 2 ENSUITE BATHROOMS-all others have 1. -City Permit Approved: New Electric Wires, Breaker Panel, Lights, Outlets. Bath and Kitchen plumbing.. New AC unit, New Water Heater. -New Samsung Kitchen Fridge/Freezer, Induction Cook top, Oven, Convection+Microwave, Dishwasher. -Kitchen faucet GE water purification system. -Custom Frosted glass Pocket Doors, space efficiency. -Custom Spacious Master Bedroom Closet Built-In Shelfs-Shoes-Clothes. -Double Vanity Marble/Coastal Master Bath. -New Entrance Doors with Digital-Touch Lock. -(1) King Bed, (2) Queen Beds; Serta Classic Elite Pillowtop Mattresses (2/2024). WATER GLADES NO COSTS-BUILDING "ALL" NEW UPGRADES 2025-2015: Very financially stable community. Monthly Home Owner Maintenance $1,650, not increasing. Has Florida Condo Structure Integrity Milestone Certification 12/2024. Home Owner's Association Reserve Funds are Fully Funded. Roof Chiller/Boiler/Controller(6/2025),Roofs (3/2024), Exterior Concrete routine replacement/patching and painted (2023), New Elevators (5/2023), Hallways Remodel (2022), New Fire System (7/2021), New Sea Wall (2019), New Cable/Internet (2018), Lobby Remodel (2018), New $3M Ocean Club House (2015). WATER GLADES COMMUNITY DETAILS: -Exceptionally Managed. President Water Glade Owner's Association is Singer Island on City Council, former Town Manager Long Beach, NY, PHD Engineer. And other owner's with significant property, financial, and legal expertise. -On property Management Office/Staff, Maintenance Staff. -Located on Northern-most, Quiet, End of Singer Island. (5-10) minutes to SuperMarket, stores, restaurants, Gardens Mall. North County Government Center, Golfing. -(15) minutes to downtown West Palm Beach and Palm Beach Airport. -(3) Condo Towers on 11 Ocean Front acres, and Exclusive wide-bay of Lake Worth Lagoon on Port of Palm Beach/Inlet to Ocean. -Exclusively shares the south very little public used-property line with the 1.6 mile gold medal award-winning McArthur Beach State Park. Owners enjoy the extra Beach State Park Walking and Lounging Space. The park cannot be developed. -24 hour Guarded Gated, Security. -Secure access to buildings, beach, and amenities. -$2.5M 2015 Ocean-Front Beach Clubhouse. -(2) Pools -(6) grills -(4) Ocean Front Tennis/Pickel Ball Courts. -Shuffleboard. -Putting green. -Fitness center in each (3) Condo Buildings. -Drive-Thru Car Spray/Rinse. SINGER ISLAND DETAILS: -Singer Island is located in North Palm Beach County. On the Palm Beach Inlet/Port of Palm Beach. The next Island from Palm Beach Island. -2028 City New State of Art Water Plant/System. -New Singer Island Fire Station begins Fall 2025. -2022 All-New Concrete Power Poles and New Power Lines. -2019 New "Ocean Walk" Mall shops and restaurants. -SailFish Marina & Restaurant South end of Island. -2014 Singer Island Newest Upgraded Island Town in Florida. -Florida Power & Light 2014 New Natural Gas Power Plant 10 minutes Port of Palm Beach. -Florida Power & Light 2022 New State HQ 10 minutes.

Features

Waterfront
Private pool

Property details

Listing

MLS #: R11115281
Status: For sale
Listed on: Aug 13, 2025
Days on market: 362 days
Listing data updated: Aug 5, 2026

Interior

Beds: 2
Baths: 2
Living area: 1,435 ft²
Price per ft²: $843/ft²
Unit: 22b

Building & community

Type: Condo
Year built: 1975
HOA fee: $1,695/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): $6,118
Property taxes (est.): $1,109
Home insurance (est.): $600
Flood insurance (est.): —
HOA fee: $1,695

Estimated total$9,522*/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?