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$1,575,000

For Sale - Active
230 Ocean Grande Blvd Apt 501, Jupiter, FL 33477
3 Beds
4 Baths
2,457 Square Feet
0.00 Acres Lot
Built in 2003
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Sep 03, 2025 at 10:09AM

Investment Summary


Monthly Cash Flow
-$4,208
Cap Rate
2.9%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.5%

Property Description


0.00 Acres Lot
Built in 2003
For Sale - Active
Units n/a

Wake up to sweeping ocean views & live the dream in this exceptionally spacious 3 BR, 3.1 BA corner unit in the sought-after Jupiter Ocean Grande. Bathed in natural light, this beautifully appointed condo features an open concept layout w/ high ceilings, impact glass, large living area & private balconies off every bedroom--each with its own en-suite bath. The chef's kitchen boasts wood cabinetry, granite countertops & premium appliances, brand new AC, perfect for entertaining or a quiet night in. Resort-style amenities include a sparkling pool, tennis courts, fitness center, clubhouse, garage parking, and year-round social activities--all just steps from the beach and minutes to Jupiter's best dining. Offered fully furnished & turnkey for your convenience. (See Supplement)...

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Location


Property Details


Parking

  • Description: Attached, Garage, Guest, TwoOrMoreSpaces
  • Details: Assigned, Attached, Garage, Guest
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 8

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $2,400/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 30434108340055010
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2003

Tax Information

  • Annual Tax: $15,961

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Palm Beach

Listing Details


Listed by:
Kelly Marie Schneider
Waterfront Properties & Club C
(561) 401-1516

Source:
BeachesMLS
MLS#: R11094137
BeachesMLS

Investment Summary


Monthly Cash Flow
-$4,208
Cap Rate
2.9%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.5%

Purchase Details

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Purchase price:
$1,575,000
Amount financed:
-$1,260,000
Down payment:
$315,000
Closing costs:
$47,250
Rehab costs:
$0
Initial cash invested:
$362,250
Square feet:
2,457
Cost per square foot:
$641
Monthly rent per square foot:
$4.48

Financing Details

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Loan amount:
$1,260,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$8,068
Property tax:
$1,330
Insurance:
$770
Private mortgage insurance (PMI):
$0
Monthly payment:
$10,168

Operating Income

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% Rent Monthly Yearly
Gross rent:
$11,000 $132,000
Vacancy loss: (6%)
6% -$660 -$7,920
Operating income:
$10,340 $124,080

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$1,330-$15,961
Insurance: (7%)
7%-$770-$9,240
Property management: (8%)
8%-$880-$10,560
Repairs & maintenance: (5%)
5%-$550-$6,600
Capital expenditures: (5%)
5%-$550-$6,600
HOA fees: (22%)
22%-$2,400-$28,800
Total operating expenses: (59%)
59%-$6,480-$77,761

Cash Flow


Monthly Yearly
Net operating income:
$3,860 $46,320
Mortgage payments:
-$8,068 -$96,816
Cash flow:
$4,208 $50,496