1616 S Ocean Boulevard, Palm Beach, FL 33480

SingleFamilyResidence · Active

$195,000,000

1616 S Ocean Boulevard, Palm Beach, FL 33480 — MLS photo

Miami Luxury Homes & Waterfront Estates

1616 S Ocean Boulevard, Palm Beach, FL 33480

Bedrooms
7
Bathrooms
13
Interior
19,919 sq ft
Price / sq ft
$9,790/sq ft
Built
2024
Lot
—

The residence

Spectacular Ocean-to-Lake estate in Palm Beach's coveted Estate Section with nearly 30,000 total square feet. Built new in 2024, this sprawling residence is nestled on nearly 2 acres and boasts breathtaking views of the Atlantic Ocean and Intracoastal Waterway. A gracious floorplan offers 7 bedrooms, 12 full bathrooms, and a powder room. An impressive great room features soaring volume ceilings, fireplace, and abundant natural light. The beautifully appointed kitchen features an oversized island, spacious butler's pantry, top-of-the-line appliances, and breakfast room. Additional interior highlights include a playroom, club room, and office, providing exceptional flexibility for both everyday living and entertaining. The expansive Primary Wing features a private sitting area with lakefront balcony, dual bathrooms and dressing rooms, morning bar, and oceanfront terrace. Additional en-suite bedrooms offer generous accommodations for guests. The second floor also includes two laundry rooms, a lounge/additional guest suite, and multiple balconies overlooking the water and grounds. The lower level is designed for both function and recreation, with ample storage, a large exercise room, spa bath and sauna, memorabilia room, and expansive 18+/- car garage ideal for the avid collector. Beautifully landscaped and impeccably maintained grounds stretch from the Ocean to the Intracoastal. Multiple terraces and covered loggias surround the 53-foot infinity swimming pool with sun shelf, creating exceptional spaces for outdoor entertaining and relaxation. Convenient service drive, as well as an oversized driveway leading to additional 3 car garage. A private dock with boat lift completes this extraordinary waterfront offering. A truly remarkable Ocean-to-Lake residence offering grand-scale living, sophisticated design, resort-style amenities, and an unparalleled Palm Beach waterfront lifestyle.

Property location

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1616 S Ocean Boulevard, Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
7
Bathrooms
13
Living area
19,919 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2024

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Palm Beach
MLS listing ID
B26069003
Listing status
Active

Investment intelligence

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$832,006

Cap rate
0.6%
Net yield
0.6%
Cash-on-cash return
-18.3%
Gross yield
3.5%
Mortgage payment
$924,399/mo
Down payment
$48,750,000
Loan amount
$146,250,000
Annual NOI
$1,108,723

Estimates only — includes 5 % maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.

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1616 S Ocean Boulevard, Palm Beach, FL 33480